Financial Analysts in China
Average Salary Nationwide, July 2024
Average Salary: ¥22,093 per month
Median Salary: ¥21,303 per month
Job Data Points: 358,830
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Financial Analysts in China: Salary Overview
Salary data for Financial Analysts in China, according to 358,830 local job data points last updated on January 30, 2024.
Average Monthly Salary: ¥22,093
Median Monthly Salary: ¥21,303
The most common salary range for financial analysts is between ¥7,000 and ¥12,000, which accounts for 27% of the data. Next up was ¥22,000-¥30,000 with 15%.
Job Responsibilities
Typical responsibilities for Financial Analyst positions in China include:
- Financial Analysis and Reporting
- Analyze financial data and prepare comprehensive financial reports
- Conduct in-depth analysis of financial statements, including balance sheets, income statements, and cash flow statements
- Identify financial trends and provide insights to support business decisions
- Budgeting and Forecasting
- Assist in the preparation of annual budgets and periodic forecasts
- Develop financial models to project future financial performance
- Monitor actual performance against budgets and forecasts, explaining variances
- Performance Evaluation
- Evaluate financial performance of various business units or projects
- Calculate and analyze key financial ratios and performance indicators
- Provide recommendations for improving financial performance
- Investment Analysis
- Conduct financial analysis for potential investments or acquisitions
- Evaluate the financial viability and risks of new projects or business ventures
- Prepare investment proposals and present findings to management
- Cost Analysis and Control
- Identify areas for cost reduction and efficiency improvements
- Conduct cost-benefit analyses for various business initiatives
- Monitor and analyze operational costs, suggesting optimization strategies
- Financial Planning and Strategy
- Contribute to the development of long-term financial strategies
- Assist in creating business plans and financial projections
- Provide financial insights to support strategic decision-making
- Compliance and Risk Management
- Ensure compliance with financial regulations and reporting standards
- Identify and assess financial risks, proposing mitigation strategies
- Assist in internal audits and financial control processes
- Stakeholder Communication
- Prepare financial presentations for management, board members, or investors
- Respond to financial inquiries from various stakeholders
- Collaborate with other departments to gather and interpret financial data
- Continuous Improvement
- Stay updated on industry trends and best practices in financial analysis
- Recommend and implement improvements to financial processes and systems
- Participate in professional development activities to enhance skills and knowledge
These responsibilities highlight the diverse and crucial role that financial analysts play in organizations across China, combining analytical skills with strategic thinking to drive financial success and informed decision-making.
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Most Requested Qualifications
Based on our data set, here are the most requested qualifications for financial analysts in China:
- Proficiency in Financial Analysis Tools: Familiarity with tools and software used for financial analysis, such as Excel, SQL, and financial modeling software.
- Strong Analytical Skills: The ability to analyze financial data, identify trends, and provide insights.
- Financial Modeling: Experience in creating and using financial models to forecast future financial performance.
- CFA (Chartered Financial Analyst): Many employers prefer candidates who have or are pursuing CFA certification.
- CPA (Certified Public Accountant): Relevant for roles that require a strong accounting background.
- Relevant Work Experience: Employers often look for candidates with prior experience in financial analysis, accounting, or related fields. This can range from internships for entry-level positions to several years of experience for senior roles.
- Industry-Specific Experience: Experience in specific industries, such as banking, consulting, or technology, can be advantageous.
- Communication Skills: The ability to clearly present financial information to stakeholders.
- Teamwork and Collaboration: Experience working effectively within cross-functional teams.
- Problem-Solving Abilities: Strong problem-solving skills to address financial challenges and opportunities.
- Bilingual Proficiency: Proficiency in both Mandarin Chinese and English is often required, especially for roles in multinational companies.
Related:
Popular Financial Analyst Employers in China
The following Chinese companies are noted for hiring Financial Analysts. Here are the average Financial Analyst salaries at each, according to the data set:
- Deloitte Financial Advisory: ¥10,049
- Pruett Consulting: ¥6,655
- Nanjing Weihao Financial Company: ¥4,825
- Shanghai Yuxin Financial Consulting Co., Ltd: ¥6,655
- Shanghai Zhonghe Yingtai Financial Consulting Co., Ltd (Securities Analyst): ¥32,395
- Beijing Gongjin Financial Consulting Co., Ltd: ¥20,390
- Shanghai Gaodun Financial Consulting Co., Ltd: ¥20,798
- Beijing Noah’s Ark Financial Consulting Co., Ltd: ¥25,522
- Beijing Qijia Financial Consulting Co., Ltd: ¥30,884
The salary data indicates that top-tier companies offer significantly higher salaries compared to the industry average. This highlights the competitive nature of the job market for skilled Financial Analysts.
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Recommendations For Employers Hiring Financial Analysts
1. Competitive Compensation: To attract top talent, employers should offer salaries that are competitive within the industry. Consider benchmarking against major companies known for hiring financial analysts.
2. Professional Development: Providing opportunities for continuous learning and career advancement can help retain talent. This is particularly important in a field that evolves rapidly.
3. Work Environment: Creating a positive and collaborative work environment can enhance employee satisfaction and productivity.
4. Clear Job Descriptions: Ensure that job postings clearly outline responsibilities, required skills, and growth opportunities to attract suitable candidates.
Related:
Financial Analyst Demand by Region
This list ranks the top 10 regions in China by the number of Financial Analyst job positions in the data:
- Shanghai: 26.73% of total
- Beijing: 23.24% of total
- Shenzhen: 15.43% of total
- Hangzhou: 8.16% of total
- Guangzhou: 6.55% of total
- Changsha: 6.11% of total
- Hefei: 5.17% of total
- Chongqing: 4.86% of total
- Chengdu: 4.57% of total
- Nanchang: 3.64% of total
Related:
Educational Background of Financial Analyst Job Candidates
The distribution of educational requirements among job postings in the data set is as follows:
- Bachelor’s Degree: 49.89%
- Associate Degree: 18.48%
- No Specific Requirement: 16.29%
- Master’s Degree: 6.04%
- High School: 5.24%
- Technical Secondary School: 3.68%
- Junior High School and Below: 0.25%
- Doctorate: 0.14%
Related:
Experience Distribution of Financial Analyst Job Candidates
The distribution of work experience requirements among job postings in the data set is as follows:
- No Specific Requirement: 34.04%
- 3-5 years: 26.2%
- 1-3 years: 16.12%
- 5-10 years: 15.52%
- Less than 1 year: 4.82%
- Over 10 years: 2.1%
- Current Students/Fresh Graduates: 1.2%
Financial Analysts in China - A Summary
So! We’ve gone through a lot on financial analyst job market in China – here are some highlights to wrap up on:
Regional Demand: The job market for financial analysts is concentrated in major economic centers, with Shanghai (26.73%), Beijing (23.24%), and Shenzhen (15.43%) accounting for over 65% of job openings. This indicates that businesses looking to hire financial analysts should focus their recruitment efforts in these key cities.
Educational Requirements: There’s a strong preference for candidates with higher education, with nearly 50% of job postings requiring a bachelor’s degree and an additional 6% seeking candidates with master’s degrees. This suggests that employers value formal education in finance, accounting, or related fields.
Experience Levels: The market is relatively open to various experience levels, with 34.04% of job postings not specifying experience requirements. However, there’s a significant demand for mid-level professionals, with 26.2% of positions seeking candidates with 3-5 years of experience. This indicates opportunities for both entry-level and experienced financial analysts.
Salary Trends: Salaries vary significantly based on location and experience. Top-tier cities like Shanghai and Beijing offer higher average salaries (¥25,021 and ¥23,342 per month, respectively). Entry-level positions typically offer ¥150,000 to ¥250,000 annually, while senior roles can exceed ¥500,000 per year.
Skills and Certifications: Employers value strong analytical skills, proficiency in financial modeling, and knowledge of industry-specific trends. Professional certifications such as CFA (Chartered Financial Analyst) can enhance a candidate’s prospects.
Here’s hoping these insights help some readers out there tailor their recruitment strategies, set competitive compensation packages, and understand the qualifications to look for when hiring financial analysts in China’s dynamic job market.
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References
The two main sources of data for this series on individual job salaries in China are local HR companies BOSS Zhipin and Zhilian Zhaopin. They are both among China’s biggest job portals and have some of the largest amounts of local, first-hand, public data points. It’s important to note that the data most often reflects recruited salaries – or the publicly listed salary information companies advertise on their platforms.
Data sets used in this article can be found here. More coverage and further sources can be found in our Salary Guides and Resources collections.
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