How good are the benefits from the People's Bank of China?

The People's Bank of China is my country's central bank and is affiliated with the State Council. It is responsible for formulating and implementing monetary policies, preventing and resolving financial risks, and maintaining financial stability. The popularity in recruitment has remained high over the years. Many students are very concerned about various news about the People's Bank of China, and the most eye-catching issue is the salary level of the People's Bank of China.

The salary structure of the People's Bank of China is generally: basic salary + performance bonus + five insurances and one fund + holiday gifts + subsidies (meal subsidy, transportation subsidy, communication subsidy, business trip subsidy, etc.) + other benefits.

1. Comparison between the People's Bank of China and civil servants

The income of civil servants is directly related to local finance. The salaries of civil servants in economically strong cities in the south such as Xiamen, Shenzhen and Zhuhai are generally relatively considerable, while the salaries of civil servants in the northern region are generally considerable. The salary level is generally in the middle of the local income level; the People's Bank of China is an independent system and is generally higher than the salary level of civil servants. The salary level of central branches in provincial capital cities is about 110,000-150,000 yuan a year. Of course, there are also regional differences between provincial capitals. The salary of central branches in sub-provincial cities, such as Qingdao, Shenzhen, Xiamen, Ningbo and Dalian, is about 100,000-140,000 yuan a year, among which Shenzhen is relatively high. Moreover, there is a big difference between the east and west. County branches in economically underdeveloped areas generally earn 40,000-50,000 yuan a year.

2. Comparison between the People's Bank of China and commercial banks

The six major state-owned commercial banks - Industrial, Agricultural and Commercial Bank of China, China Construction, Communications and Postal Savings Bank - can be said to be relatively profitable enterprises in China. In recent years, other joint-stock banks, city commercial banks and rural commercial banks have also developed rapidly in the financial institution system. Generally speaking, an annual salary of RMB 80,000 to RMB 150,000 is achievable, and for Shanghai Pudong Development Bank, Hua Xia Bank and China Everbright Bank, the annual salary can even reach more than RMB 200,000. Coupled with five insurances and one housing fund, daily subsidies, holiday benefits, etc., the salary package is very considerable. However, working in an ordinary commercial bank has certain pressures, such as business volume requirements, the amount of deposits required, etc. As the country's bank, the People's Bank of China has a salary level that is in the upper-middle range of social wages and enjoys relatively high welfare benefits. The head office of the central bank belongs to the civil service category, and the salary is basically the same as that of civil servants. The branch level is relatively well-off and has relatively high income. At the same time, compared with commercial banks, business pressure is not that great and work is relatively stable. This is the advantage of the central bank.

In general, the salary level of the People's Bank of China is relatively high, in the middle and upper range of the social average salary, and enjoys relatively high welfare benefits.