Chinese Securities Workers Get Highest Pay Among White-Collar Jobs

GUO JINHUI

(Yicai Global) April 18 — Investment professionals picked up the biggest salaries in China as pay growth for white-collar workers slowed down in the first quarter due to intensifying competition.

The securities sector topped the average monthly salary list with CNY11,015 (USD1,646), Chinese recruitment website Zhaopin revealed in its latest report that involved collecting data from job listings and applicants’ resumes in 37 major cities. Senior managers in the investment sector made the most with an average of CNY20,329, four times the pay in housekeeping jobs.

The total mean salary rose 5.5 percent to CNY6,500 from a year before. The increase was a 0.6 percent lower from the fourth quarter of 2018.

Rivalry among job seekers grew as about 47 people applied to the same position, showing a peak season in job search, the report shows.

Applicants favored state-owned firms and public institutions that entail stronger stability amid economic uncertainties. Listed companies came next on the list.

The eastern and southern economic powerhouses of the Yangtze River Delta and the Pearl River Delta topped the ranking. Beijing, Shanghai and Guangzhou were the highest-paying cities, followed by Shenzhen and Hangzhou.

Editor: Emmi Laine