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Bank employees average earnings rise 5.2pct y-on-y by March-end

Average earnings for full-time bank employees – excluding bonuses – have increased by 5.2 per cent year-on-year to MOP30,460 (US$3,813) by the end of March, data published today (Friday) by the Statistics and Census Bureau (DSEC) indicated.

The average earnings of directors & managers have increased by 2.1 per cent year-on-year to some MOP50,920, with technicians & associate professionals seeing a 2.7 per cent rise to MOP22,980 and clerks seeing their earnings go up 7 per cent to MOP18,520.

Despite the current Covid-19 pandemic, the number of full-time employees has increased by 5.3 per cent year-on-year to 6,463 in the first quarter of this year, of which 35 per cent technicians & associate professionals, 30 per cent were clerks, and 29.5 per cent were bank directors and managers.

A total of 167 new recruits were hired in the first quarter of this year, with some 328 vacancies available, but with 175 people leaving the banking sector.

Some 30 banks were operating in the Macau SAR as of March, three more than the same time last year.