hk market trends report 2014 1h

MARKET TRENDS & SALARYREPORT1H 2014 HONG KONG

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WELCOME

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CONTENTS

Introduction 4

Hong Kong Market Overview

Banking & Financial Services 6

Finance & Accounting 12

Sales & Marketing 14

Supply Chain & Procurement 18

Technology 20

Hong Kong Employee Survey Results 24

Hong Kong Employer Survey Results 27

About Ambition 28

Ambition – Market Trends & Salary Report 1H 2014 Hong Kong


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INTRODuCTION

The second half of 2013 was somewhat similar to the first half of the year. Hiring in the FMCG, luxury retail and some areas of manufacturing continued to be slow but other sectors like financial services, segments of retail and property/construction have continued to be active in recruitment. More stability in the global financial markets coupled with improved economic data from China is continuing to drive further confidence in companies expanding their operations in Hong Kong.

The Banking & Financial Services market is still split into two sectors. Investment Banks still remain cautious in the hiring of middle to back office roles and are focused on critical replacement roles only. Certain job functions like product control, settlements and corporate actions have seen a reduction in roles as these positions have been offshored as part of cost saving initiatives by the banks. Risk, compliance and other regulatory reporting roles continue to be in very high demand and this will continue as governments around the world focus on further regulations within the sector.

We are continuing to see Chinese banks further expand their operations in Hong Kong and have been very active at hiring both front and back office staff. Outside banking, other financial services companies like insurance, private equity, and hedge funds are continuing to steadily add new headcounts to their marketing, operations and finance functions. Senior candidates are becoming more willing to consider new opportunities as they may find that career progression and salary increments

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in their current firm have been limited over the last few years. In the later part of Q4 2013, there was limited candidate movement as they waited for annual bonuses to be paid out at Chinese New Year.

The Commerce & Industry sector has remained active across the areas that we specialise in. The general retail areas (especially beauty & skin care, fashion & apparel), construction and property have been very busy with recruitment. In Sales & Marketing, there has been a lot of demand for digital marketing, CRM and branding / marketing communication talent. In Finance & Accounting we continue to see an on-going need for financial analysts, assistant accounts and other junior finance positions.

In the second half of 2013 there was an increase in the recruitment of Internal Auditors and people with strong regional FP&A experience. For the Technology sector, there has been a strong demand in the areas of network, infrastructure, system analysts and data centres. We also expect to see more junior IT roles be outsourced to China as further centres of excellence continue to open.

We expect 2014 to see further growth and increase in recruitment if global economies continue to stabilise and economic data from the USA continues to demonstrate further economic growth. China also remains critical to growth in the region, so positive economic data during 2014 is also very important.

Finally, I would like to take this opportunity to thank you for your continual support and for completing our survey. If you need specific market or salary advice or assistance with recruitment within your business, please feel free to contact us.

Kind regards,

Mark EnticottManaging Director, Hong Kong


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BANKING & FINANCIAL SERVICES

Despite ongoing uncertainty around global economic conditions in the recent years, the Banking & Financial Services recruitment market in Hong Kong has done better than expected in 2013.

Throughout 2013, many companies continued to invest in the Asia Pacific region, with a number of companies (especially Chinese firms) such as asset management, private equity firms, and local Chinese banks entering or building their presence in Hong Kong. Banks, particularly investment banks, still had some minor redundancies taking place. Overall banks in general are still cost conscious and are more focused on replacement and strategic hires only.

Several major investment banks have reported profits from their Sales & Trading business in 2013 thus they are looking to increase front office headcount for early 2014. This may eventually result in an increase in hiring in some areas of the middle back office functions. Trading in exotics and structured derivatives investment products was quiet in the previous years but it picked up slightly again in 2013, with banks cautiously reconsidering to resume this side of the business.

The trend of hiring contractors continues, with a view to making them permanent once headcount is approved and strong performance is proven. Professionals have become more open to contracting opportunities given the economic climate but the trend is still for candidates to continue their job search for permanent positions whilst employed in a contracting role.

Roles in demand:

Compliance (Anti-Money Laundering) – Professionals in banking and financial services have felt the impact of tightening changes to the regulations. The last few years have seen an explosion in new AML compliance and disclosure requirements and banks have witnessed or experienced the severe consequences in terms of fines and penalties for failing to meet the requirements. In response, many of these companies have been building a stronger compliance team. The liquidity requirements from reform initiatives such as the Dodd-Frank Act and Basel III had a substantial impact on the business of banking. Professionals with an excellent track record in compliance and risk management –especially those in more senior roles – will find their expertise highly sought after.


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Client On-boarding (COB) / Know Your Client (KYC) – In line with the increasing regulations around compliance, COB / KYC plays a critical role in introducing new clients to the organisation and ensuring efficient and timely on-boarding documentation and full due diligence is done with respect to required procedures and regulations. Professionals with an extensive knowledge of client on-boarding (including KYC) are in great demand.

Internal Audit / Operational Risk – Board members and senior management are demanding greater visibility from their accounting and operational processes. Internal audit and operational risk are the whistle blowers within an organisation, identifying poor processes and potential problems / risks that might arise. That is why experienced talent in this space are highly valued by progressive companies.

Others – We have seen some new additions of senior tax roles in banks and financial services as specific product related tax regulations are also tightening. Within sales & marketing, an increase in business development and editorial / literature management roles is also noted as organisations look to grow their business as well as improving the quality of their promotional marketing materials.

Salary / Bonus Expectations

Most of the banking and financial institutions may announce and pay their salary rise and discretionary bonus around the Chinese New Year period (i.e. Feb/ Mar). The expectation on pay rise is similar to the inflationary rate and bonus is around one to four months for middle to back office functions depending on the seniority of the position and the performance of the organisation and the individual. However, for roles in great demand as mentioned earlier, we have seen larger salary increments (e.g. 20 to 35%) for people changing jobs and expect more lucrative bonuses (e.g. four to eight months) for organisations to retain experienced strong performers within the risk, compliance, and audit functions.


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Banking & Financial Services Investment Banking

Job Title Annual salary range (HK$)Internal Audit

Managing Director 2M+

Director 1.6M - 2M

Vice President 900K - 1.5M

Assistant Vice President 600K - 900K

Associate 360K - 600K

Analyst 240K - 420K

CFO

Regional Chief Financial Officer 2M+

Country Chief Financial Officer 1.6M+

Compliance


Director 1.6M - 2M


Assistant Vice President 720K - 1M


Analyst 240K - 420K

Management Reporting / FP & A


Director 1.4M - 1.8M


Assistant Vice President 600K - 780KAssociate 300K - 540KAnalyst 180K - 300K

Product Control






Analyst 240K - 420K

Regulatory Reporting / Financial Accounting






Analyst 150K - 240K

Tax


Director 1.5M - 1.8M+



Associate 400K - 540KAnalyst 220K - 360K

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Job Title Annual salary range (HK$)Operations (Settlements / Corporate Actions / Treasury)

Managing Director 1.8M+

Director 1.2M - 1.8MVice President 624K - 1.2MAssistant Vice President 480K - 720K


Analyst 240K - 390K

Middle Office (Trade Support / Sales Support / Client Services)






Analyst 264K - 456K

Project Management






Analyst 250K - 450K

Credit Risk






Analyst 240K - 360K

Market Risk






Analyst 300K - 500K

Operational Risk / Internal Control






Analyst 240K - 420K

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Banking & Financial Services Investment Banking


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Banking & Financial Services Private Banking, Asset / Fund Management & other Financial Services

Job Title Annual salary range (HK$)Operations

Director 1.1M+

Senior Manager 720K - 1M

Manager 540K - 720K

Assistant Manager 360K - 540K

Officer / Senior Officer 144K - 360K


Director 1.2M+

Senior Manager 720K -1M

Manager 540K - 720K




Director 1.2M+


Manager 540K - 720K



Internal Audit / Risk

Director 1.3M+Senior Manager 780K - 1.2M

Manager 540K - 780KAssistant Manager 360K - 540KOfficer / Senior Officer 240k - 380k

Compliance

Director 1.3M+

Senior Manager 780K - 1.2M

Manager 540K - 780K


Officer / Senior Officer 240k - 380k

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Banking & Financial Services Insurance

Job Title Annual salary range (HK$)Operations

Director 1M+


Manager 480K - 660K




Director 1.2M+


Manager 480K - 660K




Director 1.2M+


Manager 540K - 720K



Tax

Director 1.3M+Senior Manager 720K - 1.2M

Manager 540K - 720KAssistant Manager 360K - 480KOfficer / Senior Officer 200K - 360K

Internal Audit / Risk

Director 1.3M+


Manager 480K - 780K



Compliance

Director 1.3M+


Manager 480K - 780K




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FINANCE & ACCOuNTING2013 has seen most companies holding back their expansion plans, with majority of positions limited to replacement roles. The driving force behind the Finance & Accounting recruitment mainly came from the Consumer Goods, Media, Property & Construction and Logistics sectors. Whilst a large number of multinationals have moved their back office finance functions to Shared Service Centres in the other Asia countries, Hong Kong remains a regional hub for positions such as Financial Planning & Analysis, Reporting, Internal Audit, Tax and Treasury.

2013 has also seen an increase in demand for Internal Audit roles, majority of them being newly created headcounts across a number of industries: Property & Construction, IT&T and Media to name a few. Companies also looked for in house Corporate Finance professionals as they anticipate a strong pipeline of projects in the later part of 2013 and 2014.

Overall the employment market has remained steady throughout 2013 - slow somewhat in the third quarter but picking up again at the start of last quarter. This was because companies foresee staff turnover towards Chinese New Year and they want to get a head start on their search for talent. Continuous growth of China, with current GDP of c 7.8% to a forecast of 8.2% in 2014; increased M&A activities towards the latter part of 2013; expected economic upturn in the US and Europe, the current outlook for 2014 is so far a positive one.

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Finance & Accounting ProfessionalsCommerce & Industry

Job Title Experience Annual salary range (HK$)Audit / Internal Control

Head of Audit 12 - 15 1.2M+

Senior Audit Manager 8 - 10 760K - 1.2M

Internal Audit Manager 5 - 8 520K - 760K

Internal Auditor 3 - 5 300K - 520K

Financial Accounting

CFO 15+ 1.5M - 3M +

Finance Director 12 - 15 1.2M - 1.8M

Regional Financial Controller 10 - 12 800K - 1.2M

Financial Controller 8 - 10 720K - 1M

Finance / Accounting Manager 6 - 10 420K - 720K

Financial Accountant 4 - 5 300K - 450K

Accounts Payable / Accounts Receivable Accountant Up to 8 years 180K - 300K

Management Accounting

Manager - Management Accounting 8 - 10 550K - 780K

Senior Management Accountant 6 - 8 400K - 580K

Management Accountant 3 - 5 240K - 420K

Planning & Analysis

Head of Planning & Analysis 10 - 12 900K - 1.4M

Financial Planning & Analysis Manager 8 - 10 600K - 900K

Senior Financial Analyst 6 - 8 420K - 600K

Financial Analyst 3 - 6 240K - 450K

Tax

Vice President / Head of Tax 12+ 900K - 1.6M

Tax Manager 8 - 10 540K - 900K

Tax Accountant 3 - 7 300K - 480K

Treasury

Head of Treasury 10 - 12 800K - 1.2M

Treasury Manager 8 540K - 800K

Treasury Accountant 4 - 8 360K - 540K

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SALES & MARKETING

Recruitment across sales and marketing functions remain at a steady level throughout 2013. Not dissimilar to 2012, employers tend to be cautious and recruitment activities are generally geared towards replacing talent rather than business expansion.

Overall, sales and business development roles that generate revenue often carry more weight and are usually priorities when companies decide to hire. Under marketing and communications, we saw businesses increasing head counts in the areas of corporate communications and customer relationship management (CRM). 2013 also saw more businesses relocating certain roles and at times even entire departments to other cities. Singapore and Shanghai are amongst the top choices for hub relocation.

In terms of trends within specific industries and functions, 2013 was overall consistent with the previous year. Digital advertising and social media spend took up a more significant portion of every consumer brand’s marketing budget. Talent with experience in digital marketing will find it difficult to resist opportunities offered in the job market both in Hong Kong and China. On the retail front, the impact of mainland Chinese consumer spending is diminishing. Retailers are now refocusing their strategies with a heavier emphasis on offering quality customer service and loyalty programs to retain customer base and encourage repeated business. As a result, candidates with retail training and CRM experience are in great demand.

The construction industry continues to see a shortage of technical and commercial talent. Ongoing projects on the infrastructure side both locally and regionally are reasons for talent shortage across all levels. Government policies and natural demand, especially for residential developments, will further create job opportunities in the real estate sector. Despite an increasing domestic consumption market in China, growth is not seen on the manufacturing side due to poor demand from exporting regions such as Europe and the Americas. This has also led to a sluggish logistics sector especially on the service provider

side. Many 3PL (third party logistics) find themselves strategising to create more value-added services to customers in order to maintain margin and profit.

For early 2014 we expect similar trends from the market. Chinese New Year remains a critical period as candidates will kick start the job hunting cycle following post bonus or salary increment. Market confidence will also determine whether candidates stay in their current jobs or seek further career advancements. These two will be main factors that set the tone for the remainder of 2014.

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Sales & Marketing ProfessionalsBanking & Financial Services

Job Title Experience Annual salary range (HK$)Marketing

Marketing Director 15+ 1.4m - 2m+

VP, Marketing 12+ 780K - 1.3m

AVP / Manager Marketing 6 - 10 540K - 720K

Associate / Assistant Marketing Manager 3 - 5 240K - 480K

Head of Corporate Communications / Affairs 15+ 1.3m - 1.8m+

VP, Corporate Communications / Affairs 12+ 720K - 1.2m

AVP / Manager Corporate Communications / Affairs 6 - 10 480K - 720K

Associate / Assistant Corporate Communications Manager 3 - 5 240K - 480K

Head of Events 15+ 1.1m - 1.5m+

VP Events 12+ 660K - 1mAVP / Manager Events 6 - 10 480K - 600KEvent Specialist 3 - 5 240K - 420K

VP Media Relations 6 - 10 720K - 1.3m

Head of Market Research / Business Intelligence 15+ 1.2m - 1.7m+

Market Research / Business Intelligence Manager 6 - 10 600K - 900K

Commerce & Industry

Job Title Experience Annual salary range (HK$)Broadcasting / Entertainment

Vice President / Marketing Director 15+ 1M - 1.5M

Associate Director 10+ 720K - 1M

Marketing Manager 5 - 10 420K - 720K

Vice President / Director, Distribution 12+ 1M - 1.5M

Associate Director, Distribution 10+ 720K - 1M

Distribution Manager 6 - 8 420K - 650K

Vice President / Director, Advertising Sales 12+ 800k - 1.2M

Associate Director, Sales 10+ 720K - 1M

Sales Manager 8+ 480K - 720K

Programming Manager 5 - 8 390K - 585K

FMCG

General Manager 15+ 1.2M+

Sales Director 12+ 700K - 1.2M


*Key Account Manager 6-8 390K - 520K

*Assistant Key Account Manager 3-5 260K - 360K

Marketing Director 15+ 960K - 1.5M

Marketing Manager 10+ 540K - 750K

Assistant Marketing Manager 6 - 8 455K - 520K

Senior Brand Manager 7 - 10 520K - 650K

Brand Manager 5 - 8 360K - 480K

Assistant Brand Manager 3 - 5 300K - 350K

Category Manager 5 - 8 300K - 420K

Assistant Category Manager 3 - 5 240K - 300K

Product Manager 5 - 8 360K - 480K

Assistant Product Manager 3 - 5 300K - 350K

Trade Marketing Manager 5 - 8 390K - 520K

Assistant Trade Marketing Manager 3 - 5 300K - 360K

* Inclusive of OTE (On Target Earning)


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Sales & Marketing ProfessionalsCommerce & Industry

Job Title Experience Annual salary range (HK$)IT / Telecommunications

Managing Director 15+ 2M+

*Head of Sales 15+ 1.5M+

*Sales/Business Development Director 10 - 15+ 960K - 1.5M

*Sales Manager 6 - 8+ 540K - 800K+

*Account Manager 3 - 5 340K - 450K

Head of Marketing 15+ 1.5M+

Marketing Director 10 - 15 1M - 1.5M


Assistant Marketing Manager 6+ 350K - 420K

Channel Manager 4 - 6 300K - 450K

Product Manager 3 - 5 240K - 400K

Professional Services

Marketing Director 15+ 1M - 1.5M

Marketing Manager 6 - 8+ 600K - 840K

Corporate Communications Manager 5 - 8 480K - 720K

Business Development Director 15+ 1.2M - 2M

Business Development Manager 6 - 8+ 600K - 840K

Business Development/Marketing Executive 3 - 5 390K - 520K

PR Manager 6 - 8+ 420K - 720K

Media/Publishing

Chief Editor 12+ 1M - 1.5M

Editor 3 - 6 325K - 520K

Circulation Director 15+ 800k - 1.2M

Circulation Marketing Manager 6 - 8 420K - 600K

*Circulation Sales Manager 6 - 8 420K - 600K

*Advertising Sales Director 15+ 1M - 1.2M

*Advertising Sales Manager 6 - 8 360K - 420K

Client/Customer Service Manager 4 - 6 390K - 520K

*Account Manager 4 - 6 325K - 520K

Industrial & Manufacturing

General Manager 15+ 1.3M+

*Sales/Business Development Director 10 - 15 1M - 1.5M+

*Business Development Manager 8 - 10 650 - 800K

*Sales Manager 6 - 8 480K - 660K

*Sales Executive/Sales Engineer 3- 240K - 360K

Marketing/Communications Director 10 - 15 800K - 1.2M

Product Marketing Manager 8 - 10 650K - 750K

Product Marketing Engineer 3 - 5 240K - 360K


Marketing Executive 3 - 5 250K - 420K

Project Manager 6 - 10 520K - 650K

Project Engineer 3 - 5 325K - 455K

PR Agency

Managing Director 20 1.8M+

Director / Group Account Director 15+ 1M - 1.5M

Account Director 6 - 8 480K - 600K

Account Manager 5+ 300K - 480K


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Sales & Marketing ProfessionalsCommerce & Industry

Job Title Experience Annual salary range (HK$)Retail

Head of Marketing 15+ 1M - 1.5M


Assistant Marketing Manager 5 - 8 300K - 420K

Senior Marketing Executive 3 - 5 216K - 300K


Brand Manager 7 - 10 360K - 600K

PR Manager 5 - 8 360K - 540K

Assistant PR Manager 4 - 6 300K - 400K

Merchandising / Buying Manager 8+ 420K - 600K

Digital Marketing Director 10 - 15 1M - 1.5M

Digital Marketing Manager 6 - 10 420K - 680K

CRM Director 10 - 15 900K - 1.3M

CRM Manager 6+ 360K - 520K

Category Manager 5 - 8 320K - 480K

Assistant Category Manager 3 - 5 240K - 340K

Retail Operations Executive 3 - 5 216K - 300K

Area Manager 5+ 300K - 460K

Store Manager 8+ 420K - 580K

Store Supervisor 5+ 280K - 420K

Sales Associate 1+ 180K - 320K

Advertising Agency

Group Managing Director 20+ 2M+

Managing Director 15+ 1.2M - 1.5M

Business Director 12+ 960K - 1.2M

Client Services Director 12+ 960K - 1.2M

Strategic Planning Director 12+ 1M - 1.2M

Group Account Director 10+ 650K - 800K

Account Director 6 - 8 480K - 600K

Account Manager 5+ 300K - 480K

Online

Sales Director 15+ 1M - 1.2M




Property & Real Estate

Head of Leasing 15+ 1.5M+

Senior Leasing Manager 12 - 15 1M - 1.2M

Leasing Manager 8 - 10 630K - 840K

Assistant Leasing Manager 6 - 8 410K - 600K

Senior Leasing Officer 3 - 5 310K - 372K

Head of Marketing/Communications 15+ 1.2M+

Marketing/Communications Director 12 - 15 910K - 1.1M

Senior Marketing/Communications Manager 10 - 12 630K - 910K

Marketing/Communications Manager 8 - 10 480K - 600K

Assistant Marketing/Communications Manager 6 - 8 380K - 420K

Senior Marketing/Communications Officer 3 - 5 280K - 320K



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SuPPLY CHAIN & PROCuREMENT

Over the last few months, recruitment activities across Supply Chain and Procurement functions remained steady. Cost optimisation continues to be the priority for many businesses. Companies see increasing benefit to relocate certain functions, especially at the operational level to more cost-effective countries across Southeast Asia. These functions include shipping, procurement, order processing and warehousing operations. With increasing pressure to better manage costs, roles related to business operations, process re-engineering and demand planning are in high demand.

Job seekers with exposure to ERP and SAP projects will also find themselves presented with

attractive opportunities not only in Hong Kong but also across Greater China, Singapore and

Malaysia. In addition, businesses continue to ramp up levels of outsourcing to third party logistics

providers, leading to an increase in hiring particularly across supply chain operations on the 3PL

(third party logistics) side.

The outlook over the next few months is promising where recruitment activity will start to pick up

again towards the middle of Q1 2014. Existing employees will be rewarded with a modest salary

adjustment and candidates who plan on a career change can expect salary increments between 5%

and 7%. Supply chain professionals at the operational level will face uncertainties which will lead to

concerns around job security. They will also see increasing competition as talent across the region

become more specialised.

Managerial level professionals with strong strategic experience will remain cautious yet open to

exploring opportunities that offer a wider scope of responsibilities and regional coverage. As Asia

continues to advance in supply chain technology and infrastructure, companies will further invest

resources and human capital into this region. Factors such as international trade and increase in

domestic consumption in countries like China and India will also create positive impacts to the

job market. Employers and job seekers should be optimistic about the opportunities within supply

chain and logistics over the next 12 months.

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Supply Chain & ProcurementCommerce & Industry Professionals

Job Title Experience Annual salary range (HK$)Supply Chain

Head of Supply Chain 18+ 1.2M - 1.6M+

Regional Supply Chain Director/VP 15+ 720K - 1M

Supply Chain Director/VP 12+ 650K - 910K

Supply Chain Manager 8 - 12 455K - 650K

Assistant Supply Chain Manager 6 - 8 364K - 455K

Senior Supply/Demand Planner 4 - 6 350K - 390K

Supply/Demand Planner 3 - 5 260K - 364K

Logistics / Warehouse / Operations

Head of Logsitics/Warehouse Operations 18+ 1.2M - 1.5+

Regional Director/VP 15+ 910K - 1.1M

Director/VP 12+ 715K - 910K

Regional Manager 7 - 10 520K - 650K

Manager 5 - 8 350K - 455K

Assistant Manager 3 - 5 240K - 325K

Senior Officer 2 - 3 195K - 230K

Procurement/Purchasing

Head of Procurement 15+ 1M - 1.6M+

Director/VP 12+ 800K - 1.3M

Senior Manager 10+ 600K - 780K

Manager 8 - 10 455K - 590K

Assistant Manager 5 - 7 300K - 390K

Officer 2 - 5 234K - 300K

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TECHNOLOGY The employment market for information technology (IT) professionals was relatively stable but conservative with a majority of the roles being replacement hires. Hiring activity was relatively better across the commercial sector as well as IT vendors and solution providers but low and slow in the banking and finance sector. For contracting roles, the hiring activity is quite stable across the commerce and banking industries, especially towards the end of 2013 and early 2014.

Commerce & IndustryIT servicing companies and telecommunications companies continued to look for network

engineers with in-depth knowledge and experience in security or voice. Available vacancies

were also seen in data centre operation manager and solution architect roles due to the

increased number of data centres in Hong Kong. Cloud computing remained the area of

development and the source of IT companies’ expansions. To acquire more cloud projects,

IT companies have hired technical consultants and system architects with experience in

cloud, virtualization and data centre. In 2014, this space will continue to be in demand;

technical consultant and solution architects with strong client facing experience will be

desired among IT firms.

In the commerce sector, demand is expected to be in junior to middle level roles, such as

programmers and developers; demand for senior IT professionals such as IT Directors level

will be on a replacement basis in 2014. We also noticed a rising number of retail companies

revamping their point of sale (POS) and ERP systems and publishing companies revamping

their web application systems. This will result in talent with full life cycle implementation

record to continue to be in demand in 2014.

As a whole, commerce industry including IT vendors and solutions providers will have more

roles for new headcounts or strategic hiring to expand their operations in Asia. Particularly

IT servicing companies will be benefitting from more businesses outsourcing their

IT operations.

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TechnologyCommerce & Industry

Job Title Experience Annual salary range (HK$)Business Change

IT Director/CTO 15+ 1.2M - 2.4M

Program Manager 10+ 800K - 1.2M

PM 8+ 400K-800K

Business Analyst 5-8 300K - 700K

Application Development

Solutions Architect 10+ 600K - 1.4M

Development Manager 8-12 600K - 850K

C++/Java 5-10 200K - 660K

.Net 5-10 200K - 660K

RDBMS developer/DBA 4-10 200K - 660K

Infrastructure

Infrastructure Director 10+ 1M - 1.8M

Infrastructure Manager 8+ 480K - 800K

Infrastructure Architect 8+ 720K - 1.2M

Systems administrator 5+ 240K - 400K

3rd line support 5+ 300K - 500K

Security Director 5+ 700K - 1.2M

Security Manager 5+ 550K - 900K

Security Architect 5+ 500K - 750K

Security Analyst 6-8 240K - 500K


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TECHNOLOGY Banking & Financial Services IndustryIn the banking sector, the majority of hiring by employers for early 2014 will be for replacement

roles, with contractors being their preferred option. Any increase in recruitment would definitely

be driven by global market and economic conditions. Since banks and financial institutions are

outsourcing their IT functions, IT services providers to the banking and finance sector will have re-

latively more hiring activities going on. We can predict that they will have openings for developers,

software engineers, helpdesk engineers, IT specialists and infrastructure analysts in 2014.

IT talent can expect 3-6% salary increment in 2014 within their current companies and between

15-20% when changing jobs. The bonus is the equivalent of one to two months’ salary. We have

witnessed companies also willing to counter offer and pay extra 10-15% to retain their IT talent if

their skillsets are difficult to replace in the market or the person is working on a critical project. Due

to the high demand in project management and programming skills, employers should have a more

flexible budget to offer competitive salary packages to retain or attract more talent.

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Technology Banking & Financial Services

Job Title Experience Annual salary range (HK$)Business Change

IT Director (ED – MD) 15+ 1.8M - 2.4M

Program Manager (VP-D) 15+ 900K - 1.5M

PM (AVP-VP) 10-15 600K - 900K

Business Analyst (AVP-VP) 6-15 500K - 750K

Application Development

Solutions Architect (VP-SVP) 12-18 700K - 1.2M

Development Manager (VP-SVP) 10-15 700K - 1M

C++/Java 6-15 240K - 720K

.Net 6-15 240K - 720K

RDBMS developer/DBA 6-15 240K - 720K

Infrastructure

Infrastructure Director (ED-MD) 15+ 1.5M - 2.4M

Infrastructure Manager (SVP-ED) 10-15 900K - 1.5M

Infrastructure Architect (VP-SVP) 6-15 600K - 1M

Systems administrator 4-8 400K - 600K

3rd line support 5-10 350K - 550K

Trading systems support 6-15 400K - 850K

Security Director (SVP-ED) 15+ 900K - 1.5M

Security Manager (VP-SVP) 8-15 600K - 1M

Security Architect (VP-SVP) 4-8 600K - 1M

Security Analyst 4-10 240K - 400K

Notes to salary tables:

1. Titles and levels vary from organisation to organisation.

2. The salary ranges given are only approximate guides. For tailored salary advice, please contact us directly.

3. 12 month base salaries are assumed.

4. All other benefits and bonuses are in addition to these figures.

5. Bonus ranges can vary significantly from company to company and will be influenced by market conditions, business and individual performances. Bonus ranges from 1 month at the low end to 100%+ at the upper.

6. Holiday entitlements range from 12 - 25 days with senior executives not usually receiving less than 18 days. Less than 15 is very rare and 20 days is becoming the norm.

7. Healthcare policies are standard.

8. Pension plans vary with some companies offering greater than the standard contribution. Top up schemes can increase employer contribution levels as much as 15-20 percent of the base salary for senior executives.

9. * Inclusive of OTE (On Target Earning)


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ABOuT AMBITION

Ambition is a leading global boutique recruitment business listed on the Australian Securities Exchange. With coverage across Hong Kong, Singapore, Japan, Malaysia, Sydney, Melbourne, Brisbane, Perth and London we specialise within the areas of Banking & Financial Services, Finance & Accounting, Sales & Marketing, Supply Chain & Procurement, and Technology. We are best known for specialisation with in-depth knowledge and expertise, well-established networks and deep relationships.

What makes us different

We believe our size is a significant differentiator in the recruitment industry. We are big enough to undertake large scale projects for our clients, yet small enough to retain the soul and personality of a smaller company.

We work relentlessly to reinforce our purpose and culture and believe passionately that no one in the company is too small to make a difference.

As a global boutique recruitment business, our offices are extremely closely connected. Our management structure is geared towards facilitating communication between offices and our processes and technology go further to support this connection. Ultimately, this means we are well placed to source the hardest to find candidates and to extend client relationships to our international office network.

For more information, please visit www.ambition.com.hk

Get Social

Ambition are committed to driving innovation and have a strong social media presence allowing us to interact and engage through videos, whitepapers, surveys, webinars, trends and blogs via LinkedIn, Twitter, YouTube and Facebook.

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NOTES


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NOTES

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