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March 12, 2015

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Home » Business » Finance

Shanghai tops salary ranking

SHANGHAI remained the top Chinese city for average monthly salary, but major cities saw their salary decline, recruitment portal said in a survey.

Shanghai’s average monthly salary was 7,108 yuan (US$1,135) while Beijing was second with 6,585 yuan and Shenzhen with 6,285 yuan came in third, the survey covering job postings on the website after the Spring Festival found. But didn’t reveal the sample size of the survey yesterday, citing business reasons.

But the average salary in Shanghai fell from last year’s 7,214 yuan in line with the 6 percent decline from a year ago to 6,518 yuan in the four largest Chinese cities, the survey showed.

Meanwhile, salaries in the largest second-tier cities, namely Hangzhou, Tianjin, Chengdu, Chongqing and Suzhou, rose 9 percent year on year to 5,889 yuan.

Hangzhou overtook Guangzhou to be the fourth-best paid city with 6,135 yuan salary per month on average.

Industrial upgrading in the smaller cities is boosting demand for talent and pushing salary level closer to that in the larger cities, according to the survey.

The salary level in March and April, the most active recruitment months of the year, sets the pace for the whole year.

Nationwide, the survey found accountancy was the most keenly contested job because each opening attracted an average of 50 applicants while hardware development was the least favored.


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