Financial professionals’ average monthly wage hits MOP30,000

The city saw over 8,300 professionals working fulltime in the financial sector as of the end of last quarter, earning a monthly average of MOP30,500 (US$3803.5), up 2.6 per cent compared to a year earlier.

The latest data from the Statistics and Census Service indicates that a total of 8,377 full-timers were employed in the sectors of banking, financial intermediation, and insurance under the supervision of the Monetary Authority of Macao.

The figure excluded insurance agents and brokers indirectly employed by insurance companies, with bonuses not taken into consideration.

As for the banking sector, there were 7,151 fulltime employees, a hike of 1.2 per cent year-on-year, with their average pay in September up by 2.3 per cent to MOP31,070.

When it came to financial intermediation, some 248 fulltime workers took in about MOP25,710 every month, down by 1.2 per cent despite a 2.5 per cent increase in the workforce.

764 full-time employees worked in insurance, a number up 9.5% year-on-year; with their average wage each month up 3.4 per cent to MOP31,130.