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Banking Average Salaries in Philippines 2019

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

Job TitleAverage Salary
Accounts Manager85,000 PHP
Assistant Manager39,214 PHP
Auditing Manager23,000 PHP
Banking Operations Department Manager141,667 PHP
Branch Manager49,643 PHP
Branch Manager Assistant42,475 PHP
Business Analyst74,893 PHP
Business Development Officer53,333 PHP
Cash Management Manager30,006 PHP
Clerk17,500 PHP
Credit Analyst42,500 PHP
Credit and Collections Manager35,000 PHP
Financial Assistant52,500 PHP
Financial Planning Consultant137,000 PHP
Internal Audit Manager66,000 PHP
Internal Auditor28,333 PHP
Loan Area Manager128,667 PHP
Loan Business Development Officer22,350 PHP
Loan Clerk42,750 PHP
Loan Collector11,833 PHP
Loan Processor15,000 PHP
Loan Quality Assurance Auditor13,800 PHP
Loan Review Manager48,500 PHP
Loan Team Leader59,000 PHP
Mortgage Credit Manager82,000 PHP
Mortgage Quality Assurance Auditor26,875 PHP
Operations Head53,000 PHP
Operations Officer53,400 PHP
Private Banker18,000 PHP
Regional Manager255,000 PHP
Relationship Manager78,167 PHP
Teller12,700 PHP

Banking Jobs Salary Distribution in Philippines

25% of people earn
20,000 PHP
or less
50% of people earn
39,500 PHP
or less
75% of people earn
66,000 PHP
or less
Minimum
8,500 PHP
Median
39,500 PHP
Maximum
285,000 PHP

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.

2016201720182019
Average Salary 2016    =  
48,328 PHP
Average Salary 2017    +3%  
49,681 PHP
Average Salary 2018    +3%  
51,072 PHP
Average Salary 2019    +3%  
52,502 PHP
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

52,502 PHP
45,440 PHP
Average Salary
Banking
Average Salary
All Jobs
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

CityAverage Salary
Cebu40,500 PHP
Dasmarinas18,917 PHP
Davao40,000 PHP
Makati77,243 PHP
Manila24,222 PHP
Pasig42,652 PHP
Quezon City43,500 PHP
Taguig51,158 PHP
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