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China’s tech boom powering AI career coup, with finance muscled out at top of salary pyramid
China’s drive for self-sufficiency in tech, combined with the global popularity of AI applications, has led to jobs in the field topping finance for pay as the job market shifts to match demand.
China’s rapidly expanding artificial intelligence (AI) sector has nudged aside finance to top the country’s salary rankings for the second quarter of 2024, as Beijing’s push for self-sufficiency in tech and the rush to capitalise on the industry’s global popularity are helping firms in the field outpace the banks, funds and brokerages that have tended to offer the highest-paying jobs. Propelled by an explosion of demand as businesses race to develop and trial AI applications, jobs in this sector saw an average monthly pay growth of 5.3 per cent to 13,594 yuan (US$1,868) during the quarter compared to the year prior, according to online recruitment platform Zhilian Zhaopin. Conversely, it appears the heyday of fat paycheques for Chinese bankers and financial executives is winding down as Beijing’s sweeping overhaul of the industry has kicked into high gear.
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