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Finance President Average Salary in Philippines 2024

How much money does a person working as Finance President make in Philippines?


Average Monthly Salary
93,300 PHP
( 1,120,000 PHP yearly)

LOW
42,900
PHP
AVERAGE
93,300
PHP
HIGH
148,000
PHP
All salary figures displayed here are per month except when noted otherwise.
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.

A person working as Finance President in Philippines typically earns around 93,300 PHP. Salaries range from 42,900 PHP (lowest) to 148,000 PHP (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Finance President salaries in Philippines vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Finance President Pay Scale and Salaries in Philippines

Median and salary distribution Philippines Finance President monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
88,500 PHP or more
10% of people earn
77,600 to 88,500 PHP
20% of people earn
53,400 PHP or less
65% of people earn
53,400 to 77,600 PHP
Minimum Salary
42,900 PHP
Median
89,200 PHP
Maximum
148,000 PHP




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Finance President in Philippines range from 42,900 PHP (starting salary) to 148,000 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 89,200 PHP, half of the professionals who work as Finance President in Philippines 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 Finance President in Philippines earn less than 71,900 PHP, while 75% earn more. Similarly, the chart shows that 75% earn less than 103,000 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 Finance President in Philippines compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 53,400 PHP to 77,600 PHP. About 20% of salaries are below the 53,400 PHP mark, while 10% fall within the range of 77,600 PHP to 88,500 PHP. Only 5% of individuals have salaries exceeding 88,500 PHP.

Salary Comparison by Years of Experience / Finance President / Philippines

How do experience and age affect pay?

0 - 2 Years
48,700 PHP
2 - 5 Years+34%
65,100 PHP
5 - 10 Years+48%
96,200 PHP
10 - 15 Years+22%
117,000 PHP
15 - 20 Years+9%
128,000 PHP
20+ Years+8%
138,000 PHP
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Philippines Finance President
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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 Finance President and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 48,700 PHP.

While someone with an experience level between two and five years is expected to earn 65,100 PHP, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 96,200 PHP, 48% 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 117,000 PHP, 22% 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 128,000 PHP, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 138,000 PHP, 8% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Finance President / Philippines

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Finance President.

Certificate or Diploma
59,800 PHP
Bachelor's Degree+18%
70,400 PHP
Master's Degree+45%
102,000 PHP
PhD+31%
134,000 PHP
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Philippines Finance President
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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 Finance President in order to make a comparison.


Level 1: Certificate or Diploma

Employees at this education level have an average salary of 59,800 PHP.


Level 2: Bachelor's Degree

At this level, the average salary becomes 70,400 PHP, 18% more than the previous level.


Level 3: Master's Degree

At this level, the average salary becomes 102,000 PHP, 45% more than the previous level.


Level 4: PhD

At this level, the average salary becomes 134,000 PHP, 31% 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 Comparison By Education Level
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Salary and Compensation Comparison By Gender / Finance President / Philippines

Salary comparison by gender Philippines Finance President monthly
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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 Finance President in Philippines, the average difference between the salary of male and female employees is 15%.

Male
99,700 PHP
Female-13%
86,900 PHP
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Philippines for all Careers

Salary comparison by gender monthly Philippines
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Average Annual Salary Increment Percentage / Finance President / Philippines

How much are annual salary increments in Philippines for individuals working as Finance President? How often do employees get salary raises?

Individuals working as Finance President in Philippines are likely to observe a salary increase of approximately 13% every 19 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.

Annual Salary Increment Rate Philippines Finance President
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Philippines / All Professions

Annual Salary Increment Rate Philippines
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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

The average salary increase in one year (12 months) in Philippines is 5%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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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 / Finance President / Philippines

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Philippines Finance President
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15% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 85% 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.

Received Bonus
85%
No Bonus
15%

Types of Bonuses Considered

Individual Performance-Based Bonuses

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.

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 GeneratorsSupporting 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:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


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.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

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 / Finance President / Philippines


540 PHP per hour

The average hourly wage (pay per hour) for individuals working as Finance President in Philippines is 540 PHP.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

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 Finance President in Philippines is 250 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 TitleAverage Salary
Accounting and Finance-100%
Account Examiner23,300 PHP-75%
Account Executive39,300 PHP-58%
Accountant30,100 PHP-68%
Accounting Analyst39,500 PHP-58%
Accounting Assistant22,900 PHP-75%
Accounting Associate22,000 PHP-76%
Accounting Clerk18,500 PHP-80%
Accounting Coordinator27,900 PHP-70%
Accounting Head62,200 PHP-33%
Accounting Manager66,400 PHP-29%
Accounting Officer23,200 PHP-75%
Accounting Specialist41,100 PHP-56%
Accounting Supervisor43,900 PHP-53%
Accounting Technician21,800 PHP-77%
Accounting Unit Controller52,300 PHP-44%
Accounts Executive37,100 PHP-60%
Accounts Officer23,100 PHP-75%
Accounts Payable and Receivable Specialist31,800 PHP-66%
Accounts Payable Assistant25,700 PHP-72%
Accounts Payable Associate27,000 PHP-71%
Accounts Payable Clerk22,600 PHP-76%
Accounts Payable Manager58,200 PHP-38%
Accounts Receivable Administrator43,000 PHP-54%
Accounts Receivable Clerk23,500 PHP-75%
Accounts Receivable Financial Analyst41,300 PHP-56%
Accounts Receivable Manager59,800 PHP-36%
Accounts Receivable Team Leader44,100 PHP-53%
Algorithmic Trading Specialist55,000 PHP-41%
Assistant Accountant23,700 PHP-75%
Assistant Accounting Manager59,000 PHP-37%
Assistant Auditor29,600 PHP-68%
Assistant Corporate Controller41,600 PHP-55%
Assistant Finance Manager62,600 PHP-33%
Assistant Financial Controller42,800 PHP-54%
Audit Director72,900 PHP-22%
Audit Supervisor53,700 PHP-42%
Auditing Clerk23,100 PHP-75%
Auditing Manager66,500 PHP-29%
Billing Clerk22,400 PHP-76%
Billing Coordinator28,800 PHP-69%
Billing Specialist31,800 PHP-66%
Billing Supervisor44,800 PHP-52%
Bookkeeper20,700 PHP-78%
Bookkeeping Specialist29,700 PHP-68%
Budget Analyst52,600 PHP-44%
Budget Manager61,200 PHP-34%
Business Support Analyst33,300 PHP-64%
Capital Markets Associate43,900 PHP-53%
Cash Flow Analyst48,000 PHP-49%
Cash Management Manager61,200 PHP-34%
Cash Management Officer34,500 PHP-63%
Cashbook Clerk20,900 PHP-78%
Chartered Accountant37,200 PHP-60%
Chief Accountant47,500 PHP-49%
Chief Financial Technology Officer66,200 PHP-29%
Collections Clerk18,500 PHP-80%
Collections Representative25,500 PHP-73%
Collections Specialist31,500 PHP-66%
Corporate Controller50,500 PHP-46%
Corporate Treasurer59,000 PHP-37%
Cost Accountant30,600 PHP-67%
Cost Accounting Manager59,600 PHP-36%
Cost Accounting Supervisor47,200 PHP-49%
Cost Analyst46,400 PHP-50%
Credit and Collection Manager59,300 PHP-36%
Credit and Collection Staff24,200 PHP-74%
Credit and Loans Officer22,600 PHP-76%
Credit Controller43,200 PHP-54%
Credit Manager63,300 PHP-32%
Debt Adviser49,500 PHP-47%
Debt Collector25,900 PHP-72%
Debtors Clerk21,900 PHP-77%
Debtors Controller23,200 PHP-75%
Deputy CFO84,900 PHP-9%
Deputy Head of Finance80,000 PHP-14%
Derivative Trader54,700 PHP-41%
Director of Finance91,500 PHP-2%
E-commerce Accountant32,000 PHP-66%
Economist73,700 PHP-21%
Equity Analyst53,500 PHP-43%
Escrow Assistant26,300 PHP-72%
Executive Accountant35,900 PHP-62%
External Auditor43,500 PHP-53%
Finance Administrator36,700 PHP-61%
Finance Analyst53,300 PHP-43%
Finance Associate26,600 PHP-71%
Finance Data Analyst48,600 PHP-48%
Finance Director87,500 PHP-6%
Finance Executive66,000 PHP-29%
Finance Licensing Clerk22,800 PHP-76%
Finance Licensing Manager58,700 PHP-37%
Finance Licensing Specialist32,300 PHP-65%
Finance Manager89,100 PHP-5%
Finance Officer29,300 PHP-69%
Finance President93,300 PHP-0%
Finance Relationship Manager70,900 PHP-24%
Finance Release Analyst36,100 PHP-61%
Finance Specialist51,200 PHP-45%
Finance Team Leader 69,800 PHP-25%
Financial Accountant31,100 PHP-67%
Financial Actuary46,500 PHP-50%
Financial Administrator50,200 PHP-46%
Financial Advisor54,500 PHP-42%
Financial Analyst53,800 PHP-42%
Financial Applications Specialist37,900 PHP-59%
Financial Assistant23,700 PHP-75%
Financial Associate27,800 PHP-70%
Financial Claims Analyst42,300 PHP-55%
Financial Claims Manager54,400 PHP-42%
Financial Claims Supervisor49,000 PHP-47%
Financial Clerk23,100 PHP-75%
Financial Commercial Analyst44,600 PHP-52%
Financial Compliance Analyst47,400 PHP-49%
Financial Compliance Officer46,200 PHP-50%
Financial Consultant39,100 PHP-58%
Financial Controller47,700 PHP-49%
Financial Coordinator27,300 PHP-71%
Financial Customer Service Manager53,900 PHP-42%
Financial Data Scientist58,400 PHP-37%
Financial Dealer and Broker33,200 PHP-64%
Financial Director92,200 PHP-1%
Financial Encoder26,500 PHP-72%
Financial Manager81,500 PHP-13%
Financial Modelling Analyst54,800 PHP-41%
Financial Operations Manager76,300 PHP-18%
Financial Policy Analyst48,800 PHP-48%
Financial Project Manager61,800 PHP-34%
Financial Quantitative Analyst50,400 PHP-46%
Financial Reporting Consultant43,700 PHP-53%
Financial Reporting Manager60,200 PHP-35%
Financial Section Head58,100 PHP-38%
Financial Services Manager79,400 PHP-15%
Financial Services Sales Agent33,800 PHP-64%
Financial Technology Consultant46,600 PHP-50%
Financial Wellness Coach65,200 PHP-30%
FinTech Analyst53,200 PHP-43%
Fixed Assets Administrator31,100 PHP-67%
Forensic Accountant35,800 PHP-62%
Fraud Detection Supervisor39,000 PHP-58%
Fraud Prevention Manager62,800 PHP-33%
Fund Accountant28,600 PHP-69%
Grants Coordinator22,700 PHP-76%
Green Finance Analyst47,900 PHP-49%
Group Financial Manager87,100 PHP-7%
Internal Auditor40,400 PHP-57%
Internal Control Adviser49,800 PHP-47%
Internal Control Officer26,800 PHP-71%
International Tax Director73,400 PHP-21%
Inventory Accountant31,900 PHP-66%
Investment Advisor85,800 PHP-8%
Investment Analyst61,600 PHP-34%
Investment Associate51,000 PHP-45%
Investment Broker50,800 PHP-46%
Investment Fund Manager65,900 PHP-29%
Investment Operations Manager65,600 PHP-30%
Investment Underwriter26,900 PHP-71%
Investor40,800 PHP-56%
Investor Relations Manager61,800 PHP-34%
KYC Team Leader57,900 PHP-38%
Loan Processor26,100 PHP-72%
Management Accountant32,700 PHP-65%
Management Economist71,500 PHP-23%
Paymaster24,900 PHP-73%
Payroll Administrator42,100 PHP-55%
Payroll Benefits Coordinator34,500 PHP-63%
Payroll Billing Manager55,500 PHP-41%
Payroll Clerk27,100 PHP-71%
Payroll Manager55,200 PHP-41%
Payroll Officer25,700 PHP-72%
Payroll Specialist32,900 PHP-65%
Payroll Supervisor37,400 PHP-60%
Pensions Administrator32,500 PHP-65%
Personal Financial Advisor44,200 PHP-53%
Pricing Analyst50,000 PHP-46%
Private Equity Analyst51,700 PHP-45%
Project Accountant31,800 PHP-66%
Proposal Development Coordinator27,300 PHP-71%
Quantitative Trader45,400 PHP-51%
Receivables Accountant29,200 PHP-69%
Regulatory Accountant32,600 PHP-65%
Retirement Plan Analyst50,500 PHP-46%
Revenue Management Specialist51,000 PHP-45%
Revenue Recognition Analyst59,000 PHP-37%
Risk Management Director76,500 PHP-18%
Risk Management Supervisor61,200 PHP-34%
Staff Accountant29,100 PHP-69%
Tax Accountant27,700 PHP-70%
Tax Administrator32,600 PHP-65%
Tax Advisor44,600 PHP-52%
Tax Analyst48,000 PHP-49%
Tax Associate26,700 PHP-71%
Tax Consultant48,600 PHP-48%
Tax Director68,500 PHP-27%
Tax Examiner31,400 PHP-66%
Tax Manager61,400 PHP-34%
Tax Research Manager59,600 PHP-36%
Teller18,700 PHP-80%
Treasury Accountant32,000 PHP-66%
Treasury Analyst51,000 PHP-45%
Underwriter21,000 PHP-77%
Underwriting Assistant19,200 PHP-79%
Vice President of Finance86,800 PHP-7%

Salary Comparison By City

CityAverage Salary
Cebu96,600 PHP
Manila108,000 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
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Finance President in Philippines?

A good and competitive compensation would range anywhere between 89,200 PHP and 103,000 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 Finance President in Philippines ranges from 42,900 PHP to 71,900 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


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