This is what your private banking salary and bonus should be in Hong Kong

As private banks in Hong Kong – most notably HSBC and UBS – continue to increase their headcounts, it’s increasingly important for relationship managers to know how their compensation compares to the market average.

If you’re wondering whether your current private banking salary in Hong Kong is above or below par, we've averaged out minimum and maximum base salary data from several recruitment firms to produce the table below. And we’ve done this across five broad levels of seniority (job titles in private banking differ from firm to firm – some include the term “director” within ranks two to four, while others prefer “VP”). There’s also a table for bonuses at the bottom of this article.

There have been “continuous increases” in RM salaries in 2018, especially in the ultra-high-net-worth segment, driven by competition for talent in a tight job market, says Jack Metters, a principal consultant in private banking and wealth management at Selby Jennings in Hong Kong. “Private banks are often willing to offer golden handshakes,” he adds.

https://news.efinancialcareers.com/sg-en/226843/this-is-what-your-private-banking-salary-and-bonus-should-be-in-hong-kong