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Hong Kong Technology Market Update 2017

Hong Kong Technology Market Update 2017

about 1 year ago by Amit Desai

Market Overview

The Information Technology (IT) recruitment market in Hong Kong has gathered pace in 2017. Both established companies and start-ups are looking to grow and streamline costs, and stay ahead of their competition through investment into IT talent. Businesses are eager to change and transform the way they operate internally and interact with their customers externally, through the medium of IT.

Financial institutions continue their development and investment into moving away from manual to automated processes, with ever more sophisticated solutions coming to the market weekly. Trading firms are constantly evolving their electronic and algotrading platforms, retail banks are investing in customer friendly technology - making their customer interaction more mobile/ tablet-friendly and insurers are making strides forward to shrinking the time of onboarding new customers and easing the journey from claims to settlements.

Retention of existing customers remains a focus and is an integral component of IT strategy. Customer data or “Big Data” is now being analysed and utilised much more intelligently than ever, through IT advances. As a result there has been an increase in more relevant and targeted electronic marketing and services. Which in turn has led to a greater concentration of digital innovation and storage, in areas such as mobile, Internet of Things (IoT) and cloud-computing.


Talent Mobility & Salaries

The current market situation has led to organisations competing for talent that can deliver comprehensive and leading edge programs. The start of the year was led by the larger global investment banks taking confidence in the recovering equities market, which spiked appetite for hiring permanent IT headcount, predominantly senior developers and front office application support. This is in distinct contrast from the start of 2016 where the market was dominated by contractor hiring.

The role of the developer has further evolved into what has become an industry recognised ”devop”s function. Literally combining the role of a business analyst, developer and support. It is fair to say candidates with all three skillsets have become more sought after and inflated their value in the market.

Banks continue to be under threat from the start-up generation of fintech firms. Top IT talent is migrating out of banks and into a world where there is more autonomy, more interesting challenges, access to new and emerging technology, an innovative and faster paced culture and bigger pay-cheques.

Overall, salaries are on the rise and Aquis Search has put together a guideline of what we have seen this year in the tables below

A full Aquis Search Technology Salary Survey & Guide will be release at the start of 2018.


Functional Management/Programme Management/Project Management/Business Analysis/Testing/ QA/Software Engineer - Average Annual Income in HKD

RolePermanentContract
Mid LevelSenior LevelDirectorMid LevelSenior LevelDirector
Programme Director1,500,0001,550,0001,700,0001,800,0001,900,0002,000,000+
Programme Manager1,000,0001,150,0001,500,0001,400,0001,600,0001,700,000+
Project Manager - E Trading690,000900,0001,000,0001,000,0001,250,0001,250,000+
Project Manager Fixed Income800,000900,0001,000,0001,000,0001,150,0001,150,000+
Project Manager - FX800,000900,0001,000,0001,000,0001,150,0001,150,000+
Project Manager - Finance IT800,000900,0001,000,0001,000,0001,150,0001,150,000+
Project Manager800,000900,0001,000,0001,000,0001,150,0001,150,000+
PMO Manager800,000900,0001,000,0001,000,0001,150,0001,150,000+
PMO Analyst450,000500,000630,000630,000740,000N/A
Business Manager800,000900,0001,150,0001,250,0001,250,0001,250,000+
Business Analyst - E Trading800,000900,0001,000,0001,000,0001,150,0001,150,000+
Business Analyst FX690,000850,0001,150,0001,150,0001,500,0001,500,000+
Business Analyst - Rates690,000850,0001,150,0001,150,0001,500,0001,500,000+
Business Analyst - OTC690,000850,0001,150,0001,150,0001,500,0001,500,000+
Business Analyst - Fixed Income680,000850,0001,150,0001,150,0001,500,0001,500,000+
Business Analyst - Finance IT570,000850,0001,000,0001,000,0001,250,0001,250,000+
Busieness Analyst - Reference Data680,000850,0001,100,0001,100,0001,500,000N/A
Business Analyst680,000900,0001,150,0001,150,0001,250,0001,250,000+
Business Test ManagerN/AN/AN/A850,0001,000,0001,000,000+
Business Test Analyst500,000680,000850,000850,0001,100,0001,100,000+
Software Engineer480,000840,0001,200,000575,0001,000,0001,400,000+
Asset Management/Wealth Management/Private Banking
Programme Director1,500,0001,500,0001,700,0001,800,0001,900,0002,000,000+
Programme Manager1,000,0001,150,0001,500,0001,400,0001,700,0001,700,000+
Project Manager680,000900,0001,000,0001,000,0001,250,0001,250,000+
PMO Manager800,000900,0001,000,0001,000,0001,150,0001,150,000+
PMO AnalystN/A500,000620,000620,000740,000N/A
Business Analyst680,000900,0001,150,0001,150,0001,250,0001,250,000+
Business Test ManagerN/AN/AN/A850,0001,000,0001,000,000+
Business Test Analyst500,000680,000850,000850,0001,100,0001,100,000+
Software Engineer480,000840,0001,200,000575,0001,000,0001,400,000+
Risk Management
Programme Director1,400,0001,500,0001,700,0001,800,0001,950,0002,050,000
Programme Manager1,000,0001,150,0001,400,0001,400,0001,700,0001,700,000
Project Manager - Credit Risk680,000850,0001,000,0001,000,0001,400,0001,400,000
Project Manager - Market Risk680,000850,0001,000,0001,000,0001,400,0001,400,000
Business Analyst - Credit Risk680,000850,0001,100,0001,100,0001,400,0001,400,000
Business Analyst - Market Risk680,000850,0001,100,0001,100,0001,400,0001,400,000
Busienss Test ManagerN/AN/AN/A850,0001,000,0001,000,000
Business Test Analyst500,000680,000850,000850,0001,100,0001,100,000
Software Engineer480,000840,0001,200,000575,0001,000,0001,400,000+
Consultancy
Programme Director1,500,0001,500,0001,700,0001,800,0001,950,0002,050,000
Programme Manager1,000,0001,150,0001,400,0001,400,0001,700,0001,700,000
Project Manager680,000900,0001,000,0001,000,0001,250,0001,250,000
Business Analyst680,000900,0001,150,0001,100,0001,250,0001,250,000
Business Test ManagerN/AN/AN/A850,0001,000,0001,000,000
Business ArchitectN/AN/A1,250,0001,250,0001,500,0001,500,000
Business Transformation Consultant800,000900,0001,150,0001,150,0001,500,0001,500,000
Lean/Six Sigma Consultant680,000900,0001,100,0001,100,0001,250,0001,150,000
Head of Business Change1,250,0001,400,0001,600,0001,600,0001,700,0001,900,000
Software Engineer480,000840,0001,200,000575,0001,000,0001,400,000+


Infrastructure & Support - Average Annual Income in HKD

RoleParmanentContract
Mid LevelSenior LevelDirectorMid LevelSenior LevelDirector
Auditor450,000680,000850,000850,000970,0001,000,000+
BI Developer (Cognos, Business Objects, etc.)570,000710,000970,000915,0001,100,0001,000,000+
Big Data Architect/ Developer970,0001,100,0001,150,0001,150,0001,150,0001,200,000+
Business Analyst (Application/ infrastructure)510,000710,000970,000915,0001,000,0001,000,000+
Citrix Administrator400,000570,000800,000800,000915,000915,000+
Citrix Engineer400,000600,000800,000800,000970,000N/A
Data/Modeller510,000740,000970,000915,0001,150,0001,000,000+
Database DBA510,000800,000970,000915,0001,100,000N/A
Database Developer510,000770,000915,000915,0001,100,0001,150,000+
Database Engineer680,000800,000970,000915,0001,100,0001,000,000+
Datacentre Analyst400,000600,000850,000800,000970,000N/A
Datacentre Manager460,000N/AN/A680,0001,000,0001,000,000+
Desktop Support400,000570,000740,000740,000970,000N/A
eCommerce Infrastructure Support680,000825,000970,000915,0001,150,0001,150,000+
Enterprise Architect850,000970,0001,150,0001,000,0001,200,0001,150,000+
ETL Developer510,000710,000915,000915,0001,150,0001,150,000+
Exchange/ISV Connectivity Analyst460,000680,000915,000915,0001,100,0001,000,000+
Firewall Engineer460,000680,000850,000850,0001,000,000N/A
HPC Infrastructure Engineer740,000825,0001,000,0001,000,0001,150,0001,150,000+
HPC Infrastructure Support630,000740,000970,000915,0001,100,0001,000,000+
Information Architect570,000800,0001,100,0001,000,0001,200,0001,200,000+
Market Data Support Engineer510,000740,000915,000915,0001,000,0001,000,000+
Messaging Administrator (SWIFT/ Websphere etc.)N/A740,000915,000850,0001,000,000N/A
Microsoft Exchange/ OCS Administrator460,000680,000850,000850,0001,000,000N/A
Network Analyst510,000630,000850,000850,0001,100,000N/A
Network/Security Engineer570,000740,000970,000915,0001,100,000NA
Perl Developer460,000630,000800,000800,000970,000NA
Powerbuilder/UNIX/ Sybase/SQL Developer400,000570,000800,000800,000970,000NA
Production Manager (Application/ Infrastructure)N/A690,000800,000910,0001,150,0001,150,000+
Project Coordinator (Application/ Infrastructure)400,000630,000800,000910,0001,150,000N/A
Project Manager (Application/ Infrastructutre)630,000860,0001,100,0001,150,0001,260,000N/A
SAP Specialist510,000830,0001,150,0001,030,0001,260,000N/A
Security Administrator400,000630,000910,000860,0001,100,000N/A
Security Analyst460,000690,000910,000910,0001,150,000N/A
Security Consultant630,000860,0001,150,0001,150,0001,260,000N/A
Service Management Programme Manager970,0001,090,000240,000240,000N/AN/A
Service Management Project Manager800,000940,0001,100,0001,150,0001,260,000N/A
Service Desk Analyst (Help desk)400,000485,000690,000690,000910,000N/A
Service Management Analyst (Problem/ Incident/Change etc)460,000570,000570,000690,000910,000N/A
Sharepoint Developer740,000860,0001,030,0001,030,0001,260,0001,260,000+
Shift Operator (incl. Shift Allowance)800,0001,030,0001,260,0001,260,0001,445,0001,445,000+
Solution Architect400,000690,000860,000800,0001,030,000N/A
Software Engineer480,000840,0001,200,000575,0001,000,0001,400,000+
Storage Administrator510,000800,000910,000910,0001,100,000N/A
Technical Author460,000690,000860,000N/AN/AN/A
Test QA Analyst690,000800,0001,030,0001,030,0001,260,000N/A
Tools Developer690,000860,0001,030,0001,030,0001,260,000N/A
Trading Systems Developer (Summit/ Fidessa/Calypso/Murex etc.630,000910,0001,150,0001,030,0001,330,0001,330,000+
Trading System Support (Summit/ Fidessa/Calypso/Murex etc.)570,000800,0001,030,0001,030,0001,260,0001,260,000+
UNIX Engineer570,000800,0001,030,000970,0001,150,0001,150,000+
UNIX/Perl/Sybase/ Development Support510,000690,000800,000N/AN/AN/A
UNIX Systems Administrator510,000745,000860,000860,0001,030,0001,030,000+
Voice Engineer80,000690,000915,000915,0001,150,0001,150,000+
Wintel AdministratorN/A720,000915,000860,0001,090,0001,030,000+
Wintel Engineer570,000800,0001,030,0001,030,0001,150,0001,150,000+
Information Security Manager690,000800,000915,000915,0001,030,0001,030,000+
Test Manager800,000915,0001,030,0001,030,0001,250,0001,250,000+
Infrastructure Manager800,000915,0001,150,0001,150,0001,375,0001,375,000+
Transformation Project Manager (Infra/App)745,000915,0001,090,0001,090,0001,200,000N/A


 
To know more details, please contact -
 
Amit Desai
Director
Information Technology
Hong Kong, Asia Pacific
amitdesai@aquissearch.com
+852 2537 0333
 
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