A person working in Accounting and Finance in Philippines typically earns around 45,900 PHP per month. Salaries range from 18,600 PHP (lowest average) to 92,200 PHP (highest average, actual maximum salary is higher).
This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Accounting and Finance careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
|Job Title||Average Salary|
|Account Examiner||23,300 PHP|
|Account Executive||39,300 PHP|
|Accounting Assistant||22,900 PHP|
|Accounting Associate||22,000 PHP|
|Accounting Clerk||18,500 PHP|
|Accounting Coordinator||27,900 PHP|
|Accounting Manager||66,400 PHP|
|Accounting Supervisor||43,900 PHP|
|Accounting Technician||21,800 PHP|
|Accounts Executive||37,100 PHP|
|Accounts Payable and Receivable Specialist||31,800 PHP|
|Accounts Payable Clerk||22,600 PHP|
|Accounts Payable Manager||58,200 PHP|
|Accounts Receivable Clerk||23,500 PHP|
|Accounts Receivable Manager||59,800 PHP|
|Assistant Accounting Manager||59,000 PHP|
|Assistant Auditor||29,600 PHP|
|Audit Supervisor||53,700 PHP|
|Auditing Clerk||23,100 PHP|
|Auditing Manager||66,500 PHP|
|Billing Coordinator||28,800 PHP|
|Billing Specialist||31,800 PHP|
|Billing Supervisor||44,800 PHP|
|Bookkeeping Specialist||29,700 PHP|
|Budget Analyst||52,600 PHP|
|Budget Manager||61,200 PHP|
|Business Support Analyst||33,300 PHP|
|Capital Markets Associate||43,900 PHP|
|Cash Flow Analyst||48,000 PHP|
|Cash Management Officer||34,500 PHP|
|Cashbook Clerk||20,900 PHP|
|Chartered Accountant||37,200 PHP|
|Collections Clerk||18,500 PHP|
|Collections Specialist||31,500 PHP|
|Corporate Treasurer||59,000 PHP|
|Cost Accountant||30,600 PHP|
|Cost Accounting Manager||59,600 PHP|
|Cost Analyst||46,400 PHP|
|Credit and Collection Manager||59,300 PHP|
|Credit and Collection Staff||24,200 PHP|
|Credit and Loans Officer||22,600 PHP|
|Credit Controller||43,200 PHP|
|Debt Adviser||49,500 PHP|
|Debt Collector||25,900 PHP|
|Debtors Clerk||21,900 PHP|
|Deputy CFO||84,900 PHP|
|Derivative Trader||54,700 PHP|
|Escrow Assistant||26,300 PHP|
|External Auditor||43,500 PHP|
|Finance Associate||26,600 PHP|
|Finance Executive||66,000 PHP|
|Finance Licensing Clerk||22,800 PHP|
|Finance Licensing Manager||58,700 PHP|
|Finance Licensing Specialist||32,300 PHP|
|Finance Officer||29,300 PHP|
|Finance President||93,300 PHP|
|Finance Relationship Manager||70,900 PHP|
|Finance Release Analyst||36,100 PHP|
|Finance Team Leader||69,800 PHP|
|Financial Actuary||46,500 PHP|
|Financial Administrator||50,200 PHP|
|Financial Analyst||53,800 PHP|
|Financial Applications Specialist||37,900 PHP|
|Financial Assistant||23,700 PHP|
|Financial Associate||24,400 PHP|
|Financial Claims Analyst||42,300 PHP|
|Financial Claims Manager||54,400 PHP|
|Financial Commercial Analyst||44,600 PHP|
|Financial Compliance Analyst||47,400 PHP|
|Financial Consultant||39,100 PHP|
|Financial Controller||50,300 PHP|
|Financial Coordinator||27,300 PHP|
|Financial Customer Service Manager||53,900 PHP|
|Financial Dealer and Broker||33,200 PHP|
|Financial Encoder||26,500 PHP|
|Financial Manager||81,500 PHP|
|Financial Manager||89,800 PHP|
|Financial Operations Manager||76,300 PHP|
|Financial Policy Analyst||48,800 PHP|
|Financial Project Manager||61,800 PHP|
|Financial Quantitative Analyst||50,400 PHP|
|Financial Reporting Consultant||43,700 PHP|
|Financial Reporting Manager||60,200 PHP|
|Financial Services Sales Agent||33,800 PHP|
|Fixed Assets Administrator||31,100 PHP|
|Forensic Accountant||35,800 PHP|
|Fraud Detection Supervisor||39,000 PHP|
|Fraud Prevention Manager||62,800 PHP|
|Fund Accountant||28,600 PHP|
|Grants Coordinator||22,700 PHP|
|Internal Auditor||40,400 PHP|
|Internal Control Adviser||49,800 PHP|
|Internal Control Officer||26,800 PHP|
|Inventory Accountant||31,900 PHP|
|Investment Analyst||61,600 PHP|
|Investment Fund Manager||65,900 PHP|
|Investment Underwriter||26,900 PHP|
|Investor Relations Manager||61,800 PHP|
|KYC Team Leader||57,900 PHP|
|Management Economist||71,500 PHP|
|Payroll Clerk||27,100 PHP|
|Payroll Manager||55,200 PHP|
|Pensions Administrator||32,500 PHP|
|Pricing Analyst||50,000 PHP|
|Private Equity Analyst||51,700 PHP|
|Proposal Development Coordinator||27,300 PHP|
|Receivables Accountant||29,200 PHP|
|Regulatory Accountant||32,600 PHP|
|Retirement Plan Analyst||50,500 PHP|
|Revenue Management Specialist||51,000 PHP|
|Revenue Recognition Analyst||59,000 PHP|
|Risk Management Director||76,500 PHP|
|Risk Management Supervisor||61,200 PHP|
|Tax Accountant||27,700 PHP|
|Tax Advisor||44,600 PHP|
|Tax Associate||26,700 PHP|
|Tax Manager||61,400 PHP|
|Treasury Accountant||32,000 PHP|
|Treasury Analyst||51,000 PHP|
|Underwriting Assistant||19,200 PHP|
|Vice President of Finance||86,800 PHP|
Accounting and Finance salaries in Philippines range from 18,600 PHP per month (minimum average salary) to 92,200 PHP per month (maximum average salary, actual maximum is higher).
The median salary is 49,600 PHP per month, which means that half (50%) of people working in Accounting and Finance are earning less than 49,600 PHP while the other half are earning more than 49,600 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 Accounting and Finance are earning less than 30,700 PHP while 75% of them are earning more than 30,700 PHP. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 76,600 PHP while 25% are earning more than 76,600 PHP.
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 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
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.
Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.
Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.
As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.
Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.
It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.
Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.
Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.
Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.
Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.
A Master's degree program or any post-graduate program in Philippines costs anywhere from 223,000 Philippine Peso(s) to 669,000 Philippine Peso(s) 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 into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Philippines who work in Accounting and Finance earn 15% more than their female counterparts on average.
Accounting and Finance professionals in Philippines are likely to observe a salary increase of approximately 10% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely 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.
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
Listed above are the average annual increase rates for each industry in Philippines for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
Accounting and Finance is considered to be a high bonus-based field due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
20% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 80% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.
The most standard form of bonus where the employee is awarded based on their exceptional performance.Company Performance Bonuses
Occasionally, 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 Bonuses
Granted upon achieving an important goal or milestone.Holiday / End of Year Bonuses
These types of bonuses are given without a reason and usually resemble an appreciation token.
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.
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.
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.
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.
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 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 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.
The average salary for Accounting and Finance is 3% more than that of All Jobs.
|Cagayan de Oro||48,700 PHP|
|Las Pinas||46,000 PHP|
|Quezon City||55,700 PHP|
Where can you get paid more, working for a private company or for the government? Public sector employees in Philippines earn 12% more than their private sector counterparts on average across all sectors.