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Financial Associate Average Salary in Philippines 2019

How much money does a Financial Associate make in Philippines?

35,470 PHP per month
Average Monthly Salary
A person working as a Financial Associate in Philippines typically earns around 35,470 PHP per month.
This is the average monthly salary including housing, transport, and other benefits. Financial Associate salaries may differ drasticlty based on experience, skills, gender, or location. Below you will find detialed breakdown based on many different criteria.

Financial Associate Salary Distribution in Philippines

Median and salary distribution monthly Philippines Financial Associate

Abount These Figures: Salary Range, Median and Percentiles

Financial Associate salaries in Philippines range between 14,543 PHP per month (minimum salary) to 54,624 PHP per month (maximum salary).

The median salary is 36,889 PHP per month, which means that half (50%) of people working as Financial Associate are earning less than 36,889 PHP while the other half are earning more than 36,889 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 as Financial Associate are earning less than 23,144 PHP while 75% of them are earning more than 23,144 PHP. Also from the diagram, 75% of people working as Financial Associate are earning less than 49,417 PHP while 25% are earning more than 49,417 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

Financial Associate Salary Comparison by Years of Experience

0 - 2 Years    =  
16,747 PHP
2 - 5 Years    +37%  
22,960 PHP
5 - 10 Years    +26%  
28,972 PHP
10 - 15 Years    +21%  
34,984 PHP
15 - 20 Years    +17%  
40,996 PHP
20+ Years    +24%  
50,816 PHP
Percentage increase and decrease are relative to the previous value

Experience level is the most important factor in determining your salary. Naturally the more years of experience the higher your wage. We broke down Financial Associate salaries by experience level. A Financial Associate with less than two years of experience makes approximatly 16,747 PHP per month. While someone with experience level between two and five years is expected to earn 22,960 PHP per month, 37% more than someone with less than two year's experience. Moving forward, an experience level between five and ten years lands a salary of 28,972 PHP per month, 26% more than a person with two to five years of experience. Additionally, Financial Associate(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 34,984 PHP per month, 21% more than a person with five to ten years of experience. If the experience level is between fifteen and twenty years, then the expected wage is 40,996 PHP per month, 17% more than a person with ten to fifteen years of experience. Lastly, employees with more than twenty years of professional experience get a salary of 50,816 PHP per month, 24% more than people with fifteen to twenty years of experience.

Salary comparison by years of experience monthly Philippines Financial Associate

Financial Associate Salary Comparison By Education

Certificate or Diploma    =  
21,156 PHP
Bachelor's Degree    +40%  
29,573 PHP
Master's Degree    +41%  
41,598 PHP
Percentage increase and decrease are relative to the previous value

We all know that higher education equals a bigger salary, but how much more money can a degree add into your income? We broke down Financial Associate salaries by education level in order to make a comparison. When the education level is Certificate or Diploma, the average salary of a Financial Associate is 21,156 PHP per month. While someone with a Bachelor's Degree gets a salary of 29,573 PHP per month, 40% more than someone with Certificate or Diploma. A Master's Degree gets its holder an average salary of 41,598 PHP per month, 41% more than someone with Bachelor's Degree.

Salary comparison by education level monthly Philippines Financial Associate

Financial Associate Salary Comparison By Gender

Female    =  
32,100 PHP
Male    +21%  
38,840 PHP
Percentage increase and decrease are relative to the previous value
Though gender should not have an effect on pay, in reality it does. So who gets paid more: men or women? Male Financial Associate employees in Philippines earn 21% more than their female counterparts.

Salary comparison by gender monthly Philippines Financial Associate

Public / Government vs Private Sector Salary Comparison

Private Sector    =  
30,327 PHP
Public Sector    +34%  
40,613 PHP
Percentage increase and decrease are relative to the previous value
Where can you get paid more, working for a private company or for the goverment? Public sector Financial Associate employees in Philippines earn 34% more than their private sector counterparts.

Public vs private sector salaries monthly Philippines Financial Associate

Financial Associate Salary Trend and Forecast in Philippines

How are Financial Associate salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Philippines Financial Associate
Average Salary 2016    =  
31,807 PHP
Average Salary 2017    +4%  
32,984 PHP
Average Salary 2018    +4%  
34,204 PHP
Average Salary 2019    +4%  
35,470 PHP
Percentage increase and decrease are relative to the previous value
Financial Associate salaries in Philippines are on the rise in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 4% 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.

Financial Associate Average Hourly Wage in Philippines

205 PHP per hour
Average Hourly Wage

The average hourly wage (pay per hour) in Philippines for Financial Associate is 205 PHP. This means that the average Financial Associate in Philippines earns approximatly 205 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.

Financial Associate VS Other Jobs

Salary Comparison Between Financial Associate and Accounting and Finance monthly PhilippinesWe compared Philippines salaries for Financial Associate, Accounting and Finance, and All Jobs and we found that Financial Associate salaries are 28% less than those of Accounting and Finance. We also found out that Accounting and Finance salaries are 3% less than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner30,498 PHP-14%
Account Executive46,610 PHP+31%
Accountant33,153 PHP-7%
Accounting Assistant31,004 PHP-13%
Accounting Associate32,758 PHP-8%
Accounting Clerk24,302 PHP-31%
Accounting Coordinator27,391 PHP-23%
Accounting Manager65,295 PHP+84%
Accounting Supervisor47,416 PHP+34%
Accounting Technician30,319 PHP-15%
Accounts Executive39,389 PHP+11%
Accounts Payable and Receivable Specialist39,138 PHP+10%
Accounts Payable Clerk24,774 PHP-30%
Accounts Payable Manager48,684 PHP+37%
Accounts Receivable Clerk27,712 PHP-22%
Accounts Receivable Manager53,863 PHP+52%
Assistant Accounting Manager42,744 PHP+21%
Assistant Auditor34,787 PHP-2%
Audit Supervisor61,394 PHP+73%
Auditing Clerk30,991 PHP-13%
Auditing Manager69,947 PHP+97%
Billing Coordinator40,779 PHP+15%
Billing Specialist36,896 PHP+4%
Billing Supervisor44,296 PHP+25%
Bookkeeper26,297 PHP-26%
Bookkeeping Specialist34,656 PHP-2%
Budget Analyst39,552 PHP+12%
Budget Manager56,128 PHP+58%
Business Support Analyst42,449 PHP+20%
Capital Markets Associate48,128 PHP+36%
Cash Flow Analyst50,725 PHP+43%
Cash Management Officer44,903 PHP+27%
Cashbook Clerk30,638 PHP-14%
Chartered Accountant40,092 PHP+13%
Collections Clerk24,524 PHP-31%
Collections Specialist32,573 PHP-8%
Corporate Treasurer86,039 PHP+143%
Cost Accountant39,196 PHP+11%
Cost Accounting Manager50,733 PHP+43%
Cost Analyst46,340 PHP+31%
Credit and Collection Manager54,355 PHP+53%
Credit and Collection Staff28,340 PHP-20%
Credit and Loans Officer28,011 PHP-21%
Credit Controller47,351 PHP+33%
Debt Adviser58,258 PHP+64%
Debt Collector44,001 PHP+24%
Debtors Clerk36,701 PHP+3%
Deputy CFO85,059 PHP+140%
Derivative Trader70,175 PHP+98%
Escrow Assistant37,574 PHP+6%
External Auditor50,074 PHP+41%
Finance Associate37,039 PHP+4%
Finance Executive80,363 PHP+127%
Finance Licensing Clerk31,430 PHP-11%
Finance Licensing Manager48,874 PHP+38%
Finance Licensing Specialist37,373 PHP+5%
Finance Officer54,980 PHP+55%
Finance President100,663 PHP+184%
Finance Relationship Manager67,066 PHP+89%
Finance Release Analyst46,335 PHP+31%
Finance Team Leader 52,907 PHP+49%
Financial Actuary47,825 PHP+35%
Financial Administrator41,046 PHP+16%
Financial Analyst49,190 PHP+39%
Financial Applications Specialist32,528 PHP-8%
Financial Assistant28,648 PHP-19%
Financial Associate35,470 PHP=
Financial Claims Analyst46,822 PHP+32%
Financial Claims Manager51,561 PHP+45%
Financial Commercial Analyst42,362 PHP+19%
Financial Compliance Analyst47,361 PHP+34%
Financial Consultant43,578 PHP+23%
Financial Controller47,096 PHP+33%
Financial Coordinator40,218 PHP+13%
Financial Customer Service Manager55,780 PHP+57%
Financial Dealer and Broker43,332 PHP+22%
Financial Encoder27,901 PHP-21%
Financial Manager93,735 PHP+164%
Financial Operations Manager67,906 PHP+91%
Financial Policy Analyst49,509 PHP+40%
Financial Project Manager45,361 PHP+28%
Financial Quantitative Analyst50,763 PHP+43%
Financial Reporting Consultant46,937 PHP+32%
Financial Reporting Manager60,166 PHP+70%
Financial Services Sales Agent43,853 PHP+24%
Fixed Assets Administrator38,120 PHP+7%
Forensic Accountant37,802 PHP+7%
Fraud Detection Supervisor46,651 PHP+32%
Fraud Prevention Manager69,239 PHP+95%
Fund Accountant34,511 PHP-3%
Grants Coordinator30,938 PHP-13%
Internal Auditor49,242 PHP+39%
Internal Control Adviser52,324 PHP+48%
Internal Control Officer42,888 PHP+21%
Inventory Accountant76,364 PHP+115%
Investment Analyst63,305 PHP+78%
Investment Fund Manager62,891 PHP+77%
Investment Underwriter30,287 PHP-15%
Investor47,004 PHP+33%
Investor Relations Manager60,904 PHP+72%
KYC Team Leader56,648 PHP+60%
Management Economist54,209 PHP+53%
Paymaster36,836 PHP+4%
Payroll Clerk29,086 PHP-18%
Payroll Manager48,094 PHP+36%
Pensions Administrator37,764 PHP+6%
Pricing Analyst52,300 PHP+47%
Private Equity Analyst51,076 PHP+44%
Proposal Development Coordinator37,150 PHP+5%
Receivables Accountant33,316 PHP-6%
Regulatory Accountant36,745 PHP+4%
Retirement Plan Analyst51,061 PHP+44%
Revenue Management Specialist41,667 PHP+17%
Revenue Recognition Analyst64,796 PHP+83%
Risk Management Director79,333 PHP+124%
Risk Management Supervisor59,230 PHP+67%
Tax Accountant33,224 PHP-6%
Tax Advisor45,322 PHP+28%
Tax Associate38,191 PHP+8%
Tax Manager68,919 PHP+94%
Teller22,496 PHP-37%
Treasury Accountant37,029 PHP+4%
Treasury Analyst51,417 PHP+45%
Underwriter28,056 PHP-21%
Underwriting Assistant24,904 PHP-30%
Vice President of Finance71,863 PHP+103%

Salary Comparison By City

CityAverage Salary
Antipolo40,326 PHP
Cagayan de Oro36,403 PHP
Cebu42,061 PHP
Dasmarinas34,693 PHP
Davao41,354 PHP
Kalookan40,886 PHP
Las Pinas34,091 PHP
Makati35,017 PHP
Manila40,328 PHP
Paranaque37,426 PHP
Pasig37,560 PHP
Quezon City43,297 PHP
Taguig40,835 PHP
Valenzuela35,218 PHP
35667 - 3
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