Singapore bankers took home less than their Hong Kong peers in 2023: Report

The base salaries of vice-presidents in banks differ, with those in Hong Kong earning an average of US$163,934 (S$223,355) and those in Singapore, US$152,446. - ST

SINGAPORE: Hong Kong bankers enjoyed higher base salaries and bonuses in 2023 compared with their peers in Singapore, some of whom suffered the harshest cuts in the Asia-Pacific.

In Hong Kong, the average bonus of a vice-president in a bank rose 60 per cent to US$72,131 (S$99,000) in 2023, from US$45,058 in 2022.