Despite Singapore’s thriving wealth-management sector, private bankers there generally earn less than their counterparts in Hong Kong. Relationship managers make almost US$128,000, or 13% more than in Singapore. Additionally, professionals in the tech industry, ranging from AI developers to data and application architects, tend to command higher salaries in Hong Kong, partly due to a shortage of talent, BI said, citing a Hays Asia survey.
Finance and technology professionals are generally better paid in Hong Kong than in Singapore, with investment-banking analysts earning 46% more than in the Southeast Asian city-state, according to a report from Bloomberg Intelligence (BI).
Analysts make an average of US$92,149 ($123,788.82) a year in Hong Kong, compared with US$63,305 in Singapore, according to a BI report published Wednesday. The trend extends to associates, who make almost US$123,000, or 36% more than peers in Singapore, BI said, citing figures from recruiting firm Michael Page. Executive directors at investment banks earn about 13% more in Hong Kong.
