Hong Kong bankers unhappy despite bigger bonuses

The glut of firms expanding their operations in Hong Kong is driving salaries up, but not enough to keep bankers happy.
Hong Kong, bonus capital
Hong Kong, bonus capital

Bankers in Hong Kong earned 25% bigger bonuses for 2010, but one-in-three say they are dissatisfied with their deal and almost half are planning to leave this year, according to a global bonus survey by eFinancial Careers.

Not counting new arrivals, 56% of finance professionals based in Hong Kong got bigger bonuses in 2010 than in 2009, and just 16% got less. Needless to say, most who earned more were satisfied and most who earned less were dissatisfied. But 16% of those who got a bigger bonus were also dissatisfied and, regardless of satisfaction, 36% were expecting more.

Even so, the city’s professionals did better than their...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222