How much money does a person working in Banking make in Philippines?
52,502 PHP per month
Average Monthly Salary
A person working in Banking in Philippines typically earns around 52,502 PHP per month.
This is the average monthly salary including housing, transport, and other benefits.
Salaries differ drasticly between different Banking jobs. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
Salaries for specific jobs
|Accounts Manager||85,000 PHP|
|Assistant Manager||39,214 PHP|
|Auditing Manager||23,000 PHP|
|Banking Operations Department Manager||141,667 PHP|
|Branch Manager||49,643 PHP|
|Branch Manager Assistant||42,475 PHP|
|Business Analyst||74,893 PHP|
|Business Development Officer||53,333 PHP|
|Cash Management Manager||30,006 PHP|
|Credit Analyst||42,500 PHP|
|Credit and Collections Manager||35,000 PHP|
|Financial Assistant||52,500 PHP|
|Financial Planning Consultant||137,000 PHP|
|Internal Audit Manager||66,000 PHP|
|Internal Auditor||28,333 PHP|
|Loan Area Manager||128,667 PHP|
|Loan Business Development Officer||22,350 PHP|
|Loan Clerk||42,750 PHP|
|Loan Collector||11,833 PHP|
|Loan Processor||15,000 PHP|
|Loan Quality Assurance Auditor||13,800 PHP|
|Loan Review Manager||48,500 PHP|
|Loan Team Leader||59,000 PHP|
|Mortgage Credit Manager||82,000 PHP|
|Mortgage Quality Assurance Auditor||26,875 PHP|
|Operations Head||53,000 PHP|
|Operations Officer||53,400 PHP|
|Private Banker||18,000 PHP|
|Regional Manager||255,000 PHP|
|Relationship Manager||78,167 PHP|
Banking Jobs Salary Distribution in Philippines
25% of people earn
50% of people earn
75% of people earn
Abount These Figures: Salary Range, Median and Percentiles
The Banking salaries in Philippines range between 8,500 PHP per month (minimum salary) to 285,000 PHP per month (maximum salary).
The median salary is 39,500 PHP per month, which means that half (50%) of people working in Banking are earning less than 39,500 PHP while the other half are earning more than 39,500 PHP. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Banking are earning less than 20,000 PHP while 75% of them are earning more than 20,000 PHP. Also from the diagram, 75% of people working in Banking are earning less than 66,000 PHP while 25% are earning more than 66,000 PHP.
What is the difference between the median and the average salary? What should you be looking at?
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plently of room for improvement. If your wage is in between the average and median, then things can be a bit confusing. We have written a guide to explain all the different senarios. How to compare your salary
Banking Salary Forecast and Trend in Philippines
How do Banking salaries change over time? Listed below is a chart that shows the average salary in recent years.
|Average Salary 2016|| = |
|Average Salary 2017|| +3% |
|Average Salary 2018|| +3% |
|Average Salary 2019|| +3% |
Percentage increase and decrease are relative to the previous value
Banking salaries in Philippines are rising in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 3% higher than those of 2018. The trend suggests a slow yet continous increase in pay in 2020 and future years. These numbers differ slightly from industry to another.
Banking Hourly Average Wage in Philippines
269 PHP per hour
Average Hourly Wage
The average hourly wage (pay per hour) in Philippines for Banking is 269 PHP. This means that the average person in Philippines earns approximatly 269 PHP for every worked hour.
Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )
The hourly wage is the salary paid in one working hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix 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 annual vacation allowance. The figures mentioned above are good approximation and they are considered to the be the standard.
Salary Comparison of Banking Jobs in Philippines
We compared Philippines salaries for Banking and All Jobs and we found that Banking salaries are 16% more than those of All Jobs.
Salary Comparison By City