Accounting Manager Average Salary in Cebu 2024
How much money does a person working as Accounting Manager make in Cebu?
LOW
40,700
PHP AVERAGE
75,300
PHP HIGH
114,000
PHP
A person working as Accounting Manager in Cebu typically earns around 75,300 PHP. Salaries range from 40,700 PHP (lowest) to 114,000 PHP (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Accounting Manager salaries in Cebu vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Accounting Manager Pay Scale and Salaries in Cebu
Salary Structure and Pay Scale Comparison
67,100 PHP or more
60,100 to 67,100 PHP
44,700 PHP or less
44,700 to 60,100 PHP
 40,700 PHP |
67,300 PHP |
114,000 PHP |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Accounting Manager in Cebu range from 40,700 PHP (starting salary) to 114,000 PHP (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 67,300 PHP, half of the professionals who work as Accounting Manager in Cebu earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Accounting Manager in Cebu earn less than 56,400 PHP, while 75% earn more. Similarly, the chart shows that 75% earn less than 76,000 PHP while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Accounting Manager in Cebu compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 44,700 PHP to 60,100 PHP. About 20% of salaries are below the 44,700 PHP mark, while 10% fall within the range of 60,100 PHP to 67,100 PHP. Only 5% of individuals have salaries exceeding 67,100 PHP.
Salary Comparison by Years of Experience / Accounting Manager / Cebu
How do experience and age affect pay?
| 0 - 2 Years | 47,300 PHP | |
| 2 - 5 Years | +26% | 59,700 PHP |
| 5 - 10 Years | +32% | 78,700 PHP |
| 10 - 15 Years | +18% | 92,600 PHP |
| 15 - 20 Years | +11% | 102,000 PHP |
| 20+ Years | +6% | 109,000 PHP |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Accounting Manager and this is what we found.
Employees with less than two years of experience earn approximately 47,300 PHP.
While someone with an experience level between two and five years is expected to earn 59,700 PHP, 26% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 78,700 PHP, 32% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 92,600 PHP, 18% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 102,000 PHP, 11% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 109,000 PHP, 6% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Accounting Manager / Cebu
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Accounting Manager.
| Certificate or Diploma | 59,700 PHP | |
| Bachelor's Degree | +32% | 78,700 PHP |
| Master's Degree | +37% | 108,000 PHP |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Accounting Manager in order to make a comparison.
Level 1: Certificate or Diploma
Employees at this education level have an average salary of 59,700 PHP.
Level 2: Bachelor's Degree
At this level, the average salary becomes 78,700 PHP, 32% more than the previous level.
Level 3: Master's Degree
At this level, the average salary becomes 108,000 PHP, 37% more than the previous level.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in Philippines costs anywhere from 224,000 PHP to 671,000 PHP and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Accounting Manager / Cebu
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Accounting Manager in Philippines, the average difference between the salary of male and female employees is 15%.
| Male | 70,900 PHP | |
| Female | -13% | 61,800 PHP |
Salary Comparison By Gender in Philippines for all Careers
Average Annual Salary Increment Percentage / Accounting Manager / Cebu
How much are annual salary increments in Cebu for individuals working as Accounting Manager? How often do employees get salary raises?
Individuals working as Accounting Manager in Philippines are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.
Philippines / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Accounting Manager / Philippines
How much and how often are bonuses being awarded?
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100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Accounting Manager / Cebu
430 PHP per hourThe average hourly wage (pay per hour) for individuals working as Accounting Manager in Cebu is 430 PHP.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Accounting Manager in Cebu is 230 PHP. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Accounting and Finance |  -100% | |
| Account Examiner | 24,700 PHP | -67% |
| Account Executive | 45,600 PHP | -39% |
| Accountant | 32,800 PHP | -56% |
| Accounting Analyst | 44,100 PHP | -41% |
| Accounting Assistant | 25,300 PHP | -66% |
| Accounting Associate | 23,800 PHP | -68% |
| Accounting Clerk | 20,700 PHP | -73% |
| Accounting Coordinator | 29,700 PHP | -61% |
| Accounting Head | 72,300 PHP | -4% |
| Accounting Manager | 75,300 PHP | -0% |
| Accounting Officer | 26,200 PHP | -65% |
| Accounting Specialist | 47,300 PHP | -37% |
| Accounting Supervisor | 48,700 PHP | -35% |
| Accounting Technician | 23,100 PHP | -69% |
| Accounting Unit Controller | 59,200 PHP | -21% |
| Accounts Executive | 43,000 PHP | -43% |
| Accounts Officer | 26,900 PHP | -64% |
| Accounts Payable and Receivable Specialist | 34,900 PHP | -54% |
| Accounts Payable Assistant | 27,700 PHP | -63% |
| Accounts Payable Associate | 32,700 PHP | -57% |
| Accounts Payable Clerk | 26,000 PHP | -65% |
| Accounts Payable Manager | 68,000 PHP | -10% |
| Accounts Receivable Administrator | 48,500 PHP | -36% |
| Accounts Receivable Clerk | 25,200 PHP | -67% |
| Accounts Receivable Financial Analyst | 48,300 PHP | -36% |
| Accounts Receivable Manager | 64,900 PHP | -14% |
| Accounts Receivable Team Leader | 52,200 PHP | -31% |
| Algorithmic Trading Specialist | 60,400 PHP | -20% |
| Assistant Accountant | 25,000 PHP | -67% |
| Assistant Accounting Manager | 65,300 PHP | -13% |
| Assistant Auditor | 33,500 PHP | -56% |
| Assistant Corporate Controller | 45,000 PHP | -40% |
| Assistant Finance Manager | 71,700 PHP | -5% |
| Assistant Financial Controller | 45,700 PHP | -39% |
| Audit Director | 75,900 PHP |  +1% |
| Audit Supervisor | 62,600 PHP | -17% |
| Auditing Clerk | 26,900 PHP | -64% |
| Auditing Manager | 74,200 PHP | -2% |
| Billing Clerk | 25,300 PHP | -66% |
| Billing Coordinator | 29,700 PHP | -61% |
| Billing Specialist | 36,200 PHP | -52% |
| Billing Supervisor | 52,200 PHP | -31% |
| Bookkeeper | 22,100 PHP | -71% |
| Bookkeeping Specialist | 31,500 PHP | -58% |
| Budget Analyst | 56,900 PHP | -24% |
| Budget Manager | 67,100 PHP | -11% |
| Business Support Analyst | 37,800 PHP | -50% |
| Capital Markets Associate | 52,700 PHP | -30% |
| Cash Flow Analyst | 53,500 PHP | -29% |
| Cash Management Manager | 69,100 PHP | -8% |
| Cash Management Officer | 39,500 PHP | -48% |
| Cashbook Clerk | 23,500 PHP | -69% |
| Chartered Accountant | 43,200 PHP | -43% |
| Chief Accountant | 53,000 PHP | -30% |
| Chief Financial Technology Officer | 71,300 PHP | -5% |
| Collections Clerk | 20,500 PHP | -73% |
| Collections Representative | 29,700 PHP | -61% |
| Collections Specialist | 35,500 PHP | -53% |
| Corporate Controller | 56,000 PHP | -26% |
| Corporate Treasurer | 66,500 PHP | -12% |
| Cost Accountant | 32,900 PHP | -56% |
| Cost Accounting Manager | 68,100 PHP | -10% |
| Cost Accounting Supervisor | 56,700 PHP | -25% |
| Cost Analyst | 53,800 PHP | -29% |
| Credit and Collection Manager | 65,000 PHP | -14% |
| Credit and Collection Staff | 25,900 PHP | -66% |
| Credit and Loans Officer | 24,000 PHP | -68% |
| Credit Controller | 47,600 PHP | -37% |
| Credit Manager | 68,100 PHP | -10% |
| Debt Adviser | 54,500 PHP | -28% |
| Debt Collector | 28,900 PHP | -62% |
| Debtors Clerk | 22,800 PHP | -70% |
| Debtors Controller | 26,200 PHP | -65% |
| Deputy CFO | 95,800 PHP | +27% |
| Deputy Head of Finance | 93,000 PHP | +23% |
| Derivative Trader | 60,700 PHP | -19% |
| Director of Finance | 96,600 PHP | +28% |
| E-commerce Accountant | 37,100 PHP | -51% |
| Economist | 78,900 PHP | +5% |
| Equity Analyst | 61,400 PHP | -19% |
| Escrow Assistant | 31,800 PHP | -58% |
| Executive Accountant | 37,400 PHP | -50% |
| External Auditor | 49,200 PHP | -35% |
| Finance Administrator | 40,400 PHP | -46% |
| Finance Analyst | 60,300 PHP | -20% |
| Finance Associate | 29,700 PHP | -61% |
| Finance Data Analyst | 57,500 PHP | -24% |
| Finance Director | 99,200 PHP | +32% |
| Finance Executive | 74,600 PHP | -1% |
| Finance Licensing Clerk | 25,200 PHP | -67% |
| Finance Licensing Manager | 65,800 PHP | -13% |
| Finance Licensing Specialist | 36,800 PHP | -51% |
| Finance Manager | 92,700 PHP | +23% |
| Finance Officer | 32,900 PHP | -56% |
| Finance President | 96,600 PHP | +28% |
| Finance Relationship Manager | 82,100 PHP | +9% |
| Finance Release Analyst | 38,500 PHP | -49% |
| Finance Specialist | 53,900 PHP | -28% |
| Finance Team Leader | 74,100 PHP | -2% |
| Financial Accountant | 35,200 PHP | -53% |
| Financial Actuary | 51,900 PHP | -31% |
| Financial Administrator | 55,900 PHP | -26% |
| Financial Advisor | 64,400 PHP | -15% |
| Financial Analyst | 59,100 PHP | -22% |
| Financial Applications Specialist | 43,600 PHP | -42% |
| Financial Assistant | 27,700 PHP | -63% |
| Financial Associate | 28,900 PHP | -62% |
| Financial Claims Analyst | 45,100 PHP | -40% |
| Financial Claims Manager | 58,700 PHP | -22% |
| Financial Claims Supervisor | 59,300 PHP | -21% |
| Financial Clerk | 27,400 PHP | -64% |
| Financial Commercial Analyst | 48,500 PHP | -36% |
| Financial Compliance Analyst | 55,300 PHP | -27% |
| Financial Compliance Officer | 55,600 PHP | -26% |
| Financial Consultant | 45,400 PHP | -40% |
| Financial Controller | 52,700 PHP | -30% |
| Financial Coordinator | 31,000 PHP | -59% |
| Financial Customer Service Manager | 65,100 PHP | -14% |
| Financial Data Scientist | 64,300 PHP | -15% |
| Financial Dealer and Broker | 36,000 PHP | -52% |
| Financial Director | 101,000 PHP | +34% |
| Financial Encoder | 30,000 PHP | -60% |
| Financial Manager | 91,300 PHP | +21% |
| Financial Modelling Analyst | 61,200 PHP | -19% |
| Financial Operations Manager | 90,000 PHP | +19% |
| Financial Policy Analyst | 53,900 PHP | -28% |
| Financial Project Manager | 70,600 PHP | -6% |
| Financial Quantitative Analyst | 60,700 PHP | -19% |
| Financial Reporting Consultant | 48,500 PHP | -36% |
| Financial Reporting Manager | 66,500 PHP | -12% |
| Financial Section Head | 64,900 PHP | -14% |
| Financial Services Manager | 90,000 PHP | +19% |
| Financial Services Sales Agent | 37,900 PHP | -50% |
| Financial Technology Consultant | 52,800 PHP | -30% |
| Financial Wellness Coach | 67,800 PHP | -10% |
| FinTech Analyst | 56,000 PHP | -26% |
| Fixed Assets Administrator | 36,700 PHP | -51% |
| Forensic Accountant | 41,400 PHP | -45% |
| Fraud Detection Supervisor | 43,300 PHP | -43% |
| Fraud Prevention Manager | 70,600 PHP | -6% |
| Fund Accountant | 32,600 PHP | -57% |
| Grants Coordinator | 24,500 PHP | -67% |
| Green Finance Analyst | 51,300 PHP | -32% |
| Group Financial Manager | 93,900 PHP | +25% |
| Internal Auditor | 46,300 PHP | -39% |
| Internal Control Adviser | 55,200 PHP | -27% |
| Internal Control Officer | 30,100 PHP | -60% |
| International Tax Director | 78,800 PHP | +5% |
| Inventory Accountant | 35,900 PHP | -52% |
| Investment Advisor | 89,900 PHP | +19% |
| Investment Analyst | 65,300 PHP | -13% |
| Investment Associate | 56,900 PHP | -24% |
| Investment Broker | 54,600 PHP | -28% |
| Investment Fund Manager | 74,500 PHP | -1% |
| Investment Operations Manager | 79,100 PHP | +5% |
| Investment Underwriter | 28,000 PHP | -63% |
| Investor | 45,100 PHP | -40% |
| Investor Relations Manager | 69,200 PHP | -8% |
| KYC Team Leader | 63,900 PHP | -15% |
| Loan Processor | 27,000 PHP | -64% |
| Management Accountant | 39,400 PHP | -48% |
| Management Economist | 80,100 PHP | +6% |
| Paymaster | 27,100 PHP | -64% |
| Payroll Administrator | 44,000 PHP | -42% |
| Payroll Benefits Coordinator | 39,200 PHP | -48% |
| Payroll Billing Manager | 63,900 PHP | -15% |
| Payroll Clerk | 28,700 PHP | -62% |
| Payroll Manager | 65,400 PHP | -13% |
| Payroll Officer | 30,000 PHP | -60% |
| Payroll Specialist | 35,300 PHP | -53% |
| Payroll Supervisor | 45,000 PHP | -40% |
| Pensions Administrator | 36,400 PHP | -52% |
| Personal Financial Advisor | 52,000 PHP | -31% |
| Pricing Analyst | 59,300 PHP | -21% |
| Private Equity Analyst | 58,100 PHP | -23% |
| Project Accountant | 35,100 PHP | -53% |
| Proposal Development Coordinator | 30,600 PHP | -59% |
| Quantitative Trader | 48,600 PHP | -35% |
| Receivables Accountant | 32,300 PHP | -57% |
| Regulatory Accountant | 35,800 PHP | -52% |
| Retirement Plan Analyst | 56,000 PHP | -26% |
| Revenue Management Specialist | 57,400 PHP | -24% |
| Revenue Recognition Analyst | 63,700 PHP | -15% |
| Risk Management Director | 79,800 PHP | +6% |
| Risk Management Supervisor | 64,700 PHP | -14% |
| Staff Accountant | 32,400 PHP | -57% |
| Tax Accountant | 32,200 PHP | -57% |
| Tax Administrator | 37,300 PHP | -50% |
| Tax Advisor | 51,900 PHP | -31% |
| Tax Analyst | 51,100 PHP | -32% |
| Tax Associate | 28,500 PHP | -62% |
| Tax Consultant | 52,400 PHP | -30% |
| Tax Director | 82,900 PHP | +10% |
| Tax Examiner | 36,800 PHP | -51% |
| Tax Manager | 72,700 PHP | -4% |
| Tax Research Manager | 71,600 PHP | -5% |
| Teller | 20,600 PHP | -73% |
| Treasury Accountant | 35,800 PHP | -52% |
| Treasury Analyst | 55,400 PHP | -26% |
| Underwriter | 24,000 PHP | -68% |
| Underwriting Assistant | 22,200 PHP | -71% |
| Vice President of Finance | 96,300 PHP | +28% |
Salary Comparison By City
| City | Average Salary |
| Cebu | 75,300 PHP |
| Manila | 79,200 PHP |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Philippines is 12% on average across all career fields.
| Private Sector | 42,300 PHP | |
| Public Sector | +12% | 47,300 PHP |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Accounting Manager in Cebu?
A good and competitive compensation would range anywhere between 67,300 PHP and 76,000 PHP. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Accounting Manager in Cebu ranges from 40,700 PHP to 56,400 PHP. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
