Korean Accounting & Finance Salaries Improved Significantly in 2010: Robert Walters
South Korea
- Robert Walters releases its 12th annual Global Salary Survey
- Korean market included in the survey for the 1st time
- Korean Accounting and finance salaries improved 10-30%
- Financial managers and controllers in high demand with Korean commercial companies
Seoul, February 24th, 2011 - Robert Walters PLC (LSE: RWA), the leading international recruitment consultancy, today published its inaugural Korea Salary Survey as part of its 12th annual Global Salary Survey. Compiled by Robert Walters' dedicated research division, the Global Salary Survey offers a comprehensive insight into the salaries presently commanded in Korea and the 20 other countries the Group currently operates in. The Survey found that Korean salaries improved 10-30% for professionals that changed companies in 2010. Increases, mainly within the industry & commerce companies, were primarily to compensate staff over pay cuts from 2009; however, financial services firms were unable to offer significant increases.
The Survey also offers insights into Korea’s main employment trends of last year, expected salary ranges for 2011 and accountancy & finance roles that are most in demand. Market risk managers are expected to be in demand with financial services firms and should command salaries between W60-80 million. Industrial companies are seeking internal audit managers, with typical salaries ranging from W50-70 million.
Additional key findings from the Korea Salary Survey indicate:
- Finance managers and financial controllers with specific industry experience and the ability to report to overseas based headquarters were the highest in demand in 2010
- Banking and financial services recruitment was most active in 1Q and 2Q of 2010
- Recruitment in the industrial, consumer and service sectors’ picked up in 2010 following little activity in 2009
Other roles Robert Walters Korea covers:
* Compliance Vice-President (Financial Services) – KRW135-180+ million
* CFO (Industry & Commerce) – KRW130-200+ million
* Tax Manager (Industry & Commerce) – KRW45-65 million
For detailed salary information, please visit www.robertwalters.com/salarysurvey
About the Global Salary Survey
The Robert Walters Global Salary Survey offers a comprehensive insight into the salaries presently commanded in the 20 countries in which we now operate. Initially launched in 2000, our annual salary survey is now in its 12th year and is the standard reference for professional salaries across all functions and industries.
About Robert Walters - http://www.robertwalters.com
Since our first office opened in London, England in 1985, Robert Walters has become one of the leading international recruitment consultancies operating across 20 countries in 43 offices worldwide. We use our distinct advantages of size, proven track record and unparalleled global network to provide permanent recruitment solutions across all industry sectors and levels of seniority.
For more information please contact:
Anthony Modrich, Korea Country Manager
t: +82 (0)2 2076 8462
e: anthony.modrich@robertwalters.co.kr
Eun Young Jang, Office Manager
t: +82 (0)2 2076 8300
e: eunyoung.jang@robertwalters.co.kr