Securities Jobs Offer Best Salaries as China's White-Collar Pay Drops, Zhaopin Report Shows
Guo Jinhui
DATE:  Apr 18 2019
/ SOURCE:  yicai
Securities Jobs Offer Best Salaries as China's White-Collar Pay Drops, Zhaopin Report Shows Securities Jobs Offer Best Salaries as China's White-Collar Pay Drops, Zhaopin Report Shows

(Yicai Global) April 18 -- Investment professionals picked up the most generous salaries as pay growth for China's white-collar workers slowed in the first quarter due to intensifying competition for jobs.

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 investment managers made the most -- an average of CNY20,329 -- four times that of those with housekeeping jobs. 

Across all sectors, the average starting salary for white-collar staff fell 0.6 percent to CNY8,050 (USD904.60) in the first three months of this year from the last quarter of 2018, but climbed 5.5 percent from a year earlier. The median salary was CNY6,500 in the first quarter.

Competition among job seekers grew as an average 47 people vied for each listed vacancy because some sectors and jobs are more attractive than others and it was the peak season for job-hopping, according to the report.

Applicants favored state-owned firms and public institutions that offer more stability amid economic uncertainty. 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 for average salary. Beijing, Shanghai and Guangzhou were the highest-paying cities, followed by Shenzhen and Hangzhou. 

Editor: Emmi Laine

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Keywords:   Job,Salary,Securities