Why is the salary at the People's Bank of China only over one thousand?

Hello! All other banks in China are corporate establishments and are financial enterprises. Only the People's Bank of China is a state agency and enjoys the treatment of civil servants or is a public institution managed with reference to the Civil Servant Law.

The People's Bank of China is a component department of the State Council. It is a party and government agency and is located above the three commissions (China Securities Regulatory Commission, Banking Regulatory Commission, and Insurance Regulatory Commission). The head office of the People's Bank of China is staffed by civil servants and is recruited through a unified national examination. All branches are staffed by civil servants. The starting point is to maintain the independence of the central bank and to benefit internal employees.

People's Bank of China Salary:

First of all, the salary of People's Bank of China clerks in most places is higher than that of ordinary civil servants. Since there are no policy restrictions for civil servants, there is a larger space for performance pay in the salary. Due to fewer policy restrictions, the People's Bank of China has less exam pressure than civil servants and greater competition than commercial banks. The People's Bank of China pays well, but the recruitment requirements are relatively high. Job seekers who want to enter the People's Bank of China can first take all bank-related certificates, such as entry-level certificates: Banking Qualification Certificate, Certified Public Accountant Certificate, Intermediate Accountant Professional title certificate, junior accounting professional title certificate; advanced certificates: ACCA certificate, CMA certificate, USCPA certificate, FRM certificate, CMA certificate.

The so-called news that "the salary of People's Bank of China staff is only more than one thousand yuan" is false news and completely untrustworthy.

The People's Bank of China has many income items, let's just say the total income that can be obtained every year, not counting the provident fund (this also varies greatly).

According to branches, it is more appropriate to divide them into five levels: central branches in provincial capital cities, central branches in sub-provincial cities, central branches in cities and prefectures, and county branches (although they are all called central branches, they are not the same level).

The branch is almost at the same level as the central branch in the provincial capital city, and the branch is slightly higher. Because although the People's Bank of China nominally sets up branches according to regions, it is still basically managed by provinces, including finance, of course. Every year, funds are allocated directly from the head office to the central branches in provincial capital cities, and are distributed downwards from the central branches in provincial capitals.

The branch level is relatively well-off and has relatively high income. The salary of an ordinary employee is about 120,000-200,000 yuan a year, and the gap is also large among different branches. Guangzhou Branch and Xi'an Branch are obviously not on the same level.

Living at a central branch in a provincial capital city is not bad, with about 110,000-150,000 yuan a year. Of course, there are regional differences, and Hangzhou Zhong Branch is better.

Sub-provincial city central branches refer to the central branches in the five cities of Qingdao, Shenzhen, Xiamen, Ningbo and Dalian, with a cost of about 100,000-140,000 yuan a year. Shenzhen is relatively high, as an exception.

The city center branch in Dizhou City depends entirely on the leadership of the bank and the courage and connections of the president. About 70,000-100,000 yuan a year.

The county branch is considered the least, with an annual income of 50,000 to 70,000 yuan. The average monthly salary is more than 5,000 yuan. Those who say "the salary of the People's Bank of China is only more than 1,000 yuan" is simply nonsense. Please don't believe it.

Thanks for reading!