A person working as an Accountant in Philippines typically earns around 33,200 PHP per month. Salaries range from 15,300 PHP (lowest) to 52,700 PHP (highest).
This is the average monthly salary including housing, transport, and other benefits. Accountant salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Accountant salaries in Philippines range from 15,300 PHP per month (minimum salary) to 52,700 PHP per month (maximum salary).
The median salary is 35,800 PHP per month, which means that half (50%) of people working as Accountant(s) are earning less than 35,800 PHP while the other half are earning more than 35,800 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 Accountant(s) are earning less than 23,000 PHP while 75% of them are earning more than 23,000 PHP. Also from the diagram, 75% of Accountant(s) are earning less than 47,800 PHP while 25% are earning more than 47,800 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 your wage. We broke down Accountant salaries by experience level and this is what we found.
An Accountant with less than two years of experience makes approximately 17,300 PHP per month.
While someone with an experience level between two and five years is expected to earn 23,100 PHP per month, 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 34,200 PHP per month, 48% more than someone with two to five years of experience.
Additionally, Accountant(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 41,700 PHP per month, 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 45,400 PHP per month, 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 49,200 PHP per month, 8% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+48%|
|10 - 15 Years||+22%|
|15 - 20 Years||+9%|
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 Accountant salaries by education level in order to make a comparison.
When the education level is High School, the average salary of an Accountant is 21,200 PHP per month.
While someone with a Certificate or Diploma gets a salary of 25,000 PHP per month, 18% more than someone having a High School degree.
A Bachelor's Degree gets its holder an average salary of 36,200 PHP per month, 45% more than someone with a Certificate or Diploma.
Professionals who hold a Master's Degree are rewarded with an average salary of 47,500 PHP per month, 31% more than someone with Bachelor's Degree.
|Certificate or Diploma||+18%|
A Master's degree program or any post-graduate program in Philippines costs anywhere from 253,000 Philippine Peso(s) to 758,000 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 the thoery. 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.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Accountant employees in Philippines earn 22% more than their female counterparts.
Accountant(s) in Philippines are likely to observe a salary increase of approximately 11% every 17 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.
An Accountant is considered to be a moderate bonus-based job 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.
44% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 56% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 2% to 7% 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.
Where can you get paid more, working for a private company or for the government? Public sector Accountant employees in Philippines earn 12% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+4%|
|Average Salary 2019||+4%|
Accountant salaries in Philippines are on the rise in the year 2020 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 continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.
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 Accountant is 32% less than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% less than those of All Jobs.
|Job Title||Average Salary|
|Account Examiner||30,500 PHP||-8%|
|Account Executive||46,600 PHP||+41%|
|Accounting Assistant||31,000 PHP||-6%|
|Accounting Associate||32,800 PHP||-1%|
|Accounting Clerk||24,300 PHP||-27%|
|Accounting Coordinator||27,400 PHP||-17%|
|Accounting Manager||65,300 PHP||+97%|
|Accounting Supervisor||47,400 PHP||+43%|
|Accounting Technician||30,300 PHP||-9%|
|Accounts Executive||39,400 PHP||+19%|
|Accounts Payable and Receivable Specialist||39,100 PHP||+18%|
|Accounts Payable Clerk||24,800 PHP||-25%|
|Accounts Payable Manager||48,700 PHP||+47%|
|Accounts Receivable Clerk||27,700 PHP||-16%|
|Accounts Receivable Manager||53,900 PHP||+63%|
|Assistant Accounting Manager||42,700 PHP||+29%|
|Assistant Auditor||34,800 PHP||+5%|
|Audit Supervisor||61,400 PHP||+85%|
|Auditing Clerk||31,000 PHP||-6%|
|Auditing Manager||69,900 PHP||+110%|
|Billing Coordinator||40,800 PHP||+23%|
|Billing Specialist||36,900 PHP||+11%|
|Billing Supervisor||44,300 PHP||+34%|
|Bookkeeping Specialist||34,700 PHP||+5%|
|Budget Analyst||39,600 PHP||+19%|
|Budget Manager||56,100 PHP||+69%|
|Business Support Analyst||42,400 PHP||+28%|
|Capital Markets Associate||48,100 PHP||+45%|
|Cash Flow Analyst||50,700 PHP||+53%|
|Cash Management Officer||44,900 PHP||+35%|
|Cashbook Clerk||30,600 PHP||-8%|
|Chartered Accountant||40,100 PHP||+21%|
|Collections Clerk||24,500 PHP||-26%|
|Collections Specialist||32,600 PHP||-2%|
|Corporate Treasurer||86,000 PHP||+160%|
|Cost Accountant||39,200 PHP||+18%|
|Cost Accounting Manager||50,700 PHP||+53%|
|Cost Analyst||46,300 PHP||+40%|
|Credit and Collection Manager||54,400 PHP||+64%|
|Credit and Collection Staff||28,300 PHP||-15%|
|Credit and Loans Officer||28,000 PHP||-16%|
|Credit Controller||47,400 PHP||+43%|
|Debt Adviser||58,300 PHP||+76%|
|Debt Collector||44,000 PHP||+33%|
|Debtors Clerk||36,700 PHP||+11%|
|Deputy CFO||85,100 PHP||+160%|
|Derivative Trader||70,200 PHP||+110%|
|Escrow Assistant||37,600 PHP||+13%|
|External Auditor||50,100 PHP||+51%|
|Finance Associate||37,000 PHP||+12%|
|Finance Executive||80,400 PHP||+140%|
|Finance Licensing Clerk||31,400 PHP||-5%|
|Finance Licensing Manager||48,900 PHP||+47%|
|Finance Licensing Specialist||37,400 PHP||+13%|
|Finance Officer||55,000 PHP||+66%|
|Finance President||101,000 PHP||+200%|
|Finance Relationship Manager||67,100 PHP||+100%|
|Finance Release Analyst||46,300 PHP||+40%|
|Finance Team Leader||52,900 PHP||+60%|
|Financial Actuary||47,800 PHP||+44%|
|Financial Administrator||41,000 PHP||+24%|
|Financial Analyst||49,200 PHP||+48%|
|Financial Applications Specialist||32,500 PHP||-2%|
|Financial Assistant||28,600 PHP||-14%|
|Financial Associate||35,500 PHP||+7%|
|Financial Claims Analyst||46,800 PHP||+41%|
|Financial Claims Manager||51,600 PHP||+56%|
|Financial Commercial Analyst||42,400 PHP||+28%|
|Financial Compliance Analyst||47,400 PHP||+43%|
|Financial Consultant||43,600 PHP||+32%|
|Financial Controller||47,100 PHP||+42%|
|Financial Coordinator||40,200 PHP||+21%|
|Financial Customer Service Manager||55,800 PHP||+68%|
|Financial Dealer and Broker||43,300 PHP||+31%|
|Financial Encoder||27,900 PHP||-16%|
|Financial Manager||93,700 PHP||+180%|
|Financial Operations Manager||67,900 PHP||+100%|
|Financial Policy Analyst||49,500 PHP||+49%|
|Financial Project Manager||45,400 PHP||+37%|
|Financial Quantitative Analyst||50,800 PHP||+53%|
|Financial Reporting Consultant||46,900 PHP||+41%|
|Financial Reporting Manager||60,200 PHP||+82%|
|Financial Services Sales Agent||43,900 PHP||+32%|
|Fixed Assets Administrator||38,100 PHP||+15%|
|Forensic Accountant||37,800 PHP||+14%|
|Fraud Detection Supervisor||46,700 PHP||+41%|
|Fraud Prevention Manager||69,200 PHP||+110%|
|Fund Accountant||34,500 PHP||+4%|
|Grants Coordinator||30,900 PHP||-7%|
|Internal Auditor||49,200 PHP||+48%|
|Internal Control Adviser||52,300 PHP||+58%|
|Internal Control Officer||42,900 PHP||+29%|
|Inventory Accountant||76,400 PHP||+130%|
|Investment Analyst||63,300 PHP||+91%|
|Investment Fund Manager||62,900 PHP||+90%|
|Investment Underwriter||30,300 PHP||-9%|
|Investor Relations Manager||60,900 PHP||+84%|
|KYC Team Leader||56,600 PHP||+71%|
|Management Economist||54,200 PHP||+63%|
|Payroll Clerk||29,100 PHP||-12%|
|Payroll Manager||48,100 PHP||+45%|
|Pensions Administrator||37,800 PHP||+14%|
|Pricing Analyst||52,300 PHP||+58%|
|Private Equity Analyst||51,100 PHP||+54%|
|Proposal Development Coordinator||37,200 PHP||+12%|
|Receivables Accountant||33,300 PHP||+0%|
|Regulatory Accountant||36,700 PHP||+11%|
|Retirement Plan Analyst||51,100 PHP||+54%|
|Revenue Management Specialist||41,700 PHP||+26%|
|Revenue Recognition Analyst||64,800 PHP||+95%|
|Risk Management Director||79,300 PHP||+140%|
|Risk Management Supervisor||59,200 PHP||+79%|
|Tax Accountant||33,200 PHP||+0%|
|Tax Advisor||45,300 PHP||+37%|
|Tax Associate||38,200 PHP||+15%|
|Tax Manager||68,900 PHP||+110%|
|Treasury Accountant||37,000 PHP||+12%|
|Treasury Analyst||51,400 PHP||+55%|
|Underwriting Assistant||24,900 PHP||-25%|
|Vice President of Finance||71,900 PHP||+120%|
|Cagayan de Oro||33,000 PHP|
|Las Pinas||31,000 PHP|
|Quezon City||38,900 PHP|