Income Survey Shows Expats in China Earn Most

Income Survey Shows Expats in China Earn Most
Oct 27, 2014 By eChinacities.com

Research done by HSBC’s consulting agency in the United Kingdom between April and May this year looked at expats’ salaries throughout the world. The questionnaire involved 9,300 expatriates working in over 100 different countries and regions, and results were published on October 22. These results showed that Switzerland, Singapore, and the Chinese mainland were the most popular destinations for expats.

The survey showed that expats living on the Chinese mainland had the highest salaries, as 23% have a salary that exceed 300,000 USD a year, approximately 1.8 million RMB a year. Throughout the entire Asian region, expatriates are three times as likely to have a yearly salary of above 250,000 USD a year, approximately 1.5 million RMB a year, when compared to expatriates living in Europe.

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Keywords: Income Survey Expats China

7 Comments

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expatlife26

Actually theres tons of info missing here. 3 times as likely what? in absolute terms or just relative? It could be there are just way more expats in europe at more levels. What's an expat? Is an austrian working at a UK branch office an expat? Could be that there are way fewer total expats but they are more senior roles.

Oct 31, 2014 12:54 Report Abuse

expatlife26

Senior Engineers, finance execs, global brand managers...I dunno theres a bunch paying that much. Might factor in perks like international school tuition for a couple kids...housing provision (gotta keep the family in a decent size place while they still make mortgage payments on their house in the US) etc. That would ratchet up a 150-200K salary to the 300K range and boost those numbers.

Oct 30, 2014 12:19 Report Abuse

expatlife26

They're gong to be mostly senior engineering and finance roles with 15-20+ years of experience and special qualifications. These people ARE around...it's just that they'll be someone like a 45 year old CPA whos been with proctor and gamble for 10 years and serves as VP of Finance for a big china operation. In all likelihood lives outside of town in a nice complex with his wife and kids...like a nice reproduction of western life. Shit...that's why it's so important to get on the ladder young. You wanna live fat in your 30s onward you gotta pay your dues in your 20s. Can't spend your early-mid 20s screwing around and then wonder why you don't have a great job at 40. Gotta put your time in.

Oct 30, 2014 12:25 Report Abuse

saqibmudabbar

What kind of job offers more than 300,000RMB per month; let alone 300,000USD?!!! Please post in the jobs section!!!!!! Rubbish article.

Oct 28, 2014 09:46 Report Abuse

saqibmudabbar

He edited the article. before it said per month.

Aug 21, 2015 13:07 Report Abuse

dongbeiren

I'm wondering how this survey defines "expatriates". Presumably it means executives of multinational companies because a large percentage foreigners living in China would be barely above the poverty line in their home countries.

Oct 27, 2014 21:10 Report Abuse

carlstar

not from china and working. also banking with hsbc. meaning very few esl teachers working for 100 rmb an hour as hsbc is a bank of actual business people in china and not the masses of teachers.

Oct 27, 2014 21:43 Report Abuse