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Banking Average Salaries in Manila 2024

How much money does a person working in Banking make in Manila?

Average Monthly Salary

58,200 PHP

( 699,000 PHP yearly)

LOW
18,200
PHP AVERAGE
58,200
PHP HIGH
119,000
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 in Banking in Manila typically earns around 58,200 PHP. Salaries range from 18,200 PHP (lowest average) to 119,000 PHP (highest average, actual maximum salary is higher).

Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Banking domain in Manila exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job Title

Average Salary

Banking
AML Analyst	79,200 PHP
Assistant Bank Branch Manager	66,400 PHP
Assistant Bank Manager	87,700 PHP
ATM Manager	72,800 PHP

ATM Service Technician	19,700 PHP
Bank Accounts Analyst	29,100 PHP
Bank Accounts Collector	18,900 PHP
Bank Accounts Controller	39,800 PHP
Bank Accounts Executive	58,000 PHP
Bank Accounts Manager	66,200 PHP
Bank Auditing Manager	69,100 PHP
Bank Branch Manager	92,100 PHP
Bank Branch Operations Coordinator	41,500 PHP
Bank Clerk	17,300 PHP
Bank Client Service Associate	25,100 PHP
Bank Collector	17,800 PHP
Bank Compliance Specialist	46,600 PHP
Bank Manager	105,000 PHP
Bank Operational Risk Manager	108,000 PHP
Bank Operations Head	111,000 PHP
Bank Operations Officer	44,000 PHP
Bank Operations Specialist	64,400 PHP
Bank Process Manager	61,500 PHP
Bank Product Manager	69,400 PHP
Bank Programme Manager	72,500 PHP
Bank Project Manager	88,800 PHP
Bank Propositions Manager	77,800 PHP
Bank Quantitative Analyst	54,700 PHP
Bank Regional Manager	117,000 PHP
Bank Regional Risk Officer	59,500 PHP
Bank Relationship Manager	84,100 PHP
Bank Relationship Officer	35,400 PHP
Bank Sustainability Analyst	62,800 PHP
Bank Teller	19,500 PHP
Banker	40,100 PHP
Banking Business Analyst	57,100 PHP
Banking Business Development Officer	36,400 PHP
Banking Business Planning Executive	78,900 PHP
Banking Data Analyst	63,400 PHP
Banking Product Manager	70,700 PHP
Banking Reference Data Manager	59,500 PHP
Banking Regulatory Compliance Officer	63,900 PHP
Banking Risk Analyst	54,600 PHP
Banking Technical Analyst	31,000 PHP
Bankruptcy Coordinator	41,600 PHP
Bill and Account Collector	20,700 PHP
Blockchain Analyst	47,600 PHP
Blockchain Architect	54,300 PHP
Blockchain Auditor	47,200 PHP
Blockchain Compliance Analyst	53,000 PHP
Blockchain Consultant	54,700 PHP
Blockchain Trade Facilitator	48,100 PHP
Budget Analyst	53,800 PHP
Capital Risk Manager	109,000 PHP
Cards Marketing Manager	68,700 PHP
Cash Management Manager	100,000 PHP
Check Processing Manager	72,800 PHP
Chief Blockchain Officer	61,500 PHP
Commercial Vault Associate	54,600 PHP
Corporate Banker	41,300 PHP
Corporate Dealer	60,000 PHP
Credit Analyst	45,800 PHP
Credit and Collections Manager	78,300 PHP
Credit Card Fraud Investigator	59,000 PHP
Credit Portfolio Manager	101,000 PHP
Credit Risk Analyst	65,000 PHP
Credit Risk Associate	60,000 PHP
Cryptocurrency Accountant	34,300 PHP
Cryptocurrency Adviser	72,400 PHP
Cryptocurrency Analyst	53,400 PHP
Cryptocurrency Compliance Manager	65,200 PHP
Cryptocurrency Trader	57,400 PHP
Digital Banking Manager	79,300 PHP
Digital Currency Analyst	53,300 PHP
Direct Bank Sales Representative	39,800 PHP
Exchange Control Consultant	58,000 PHP
Executive Account Analyst	54,600 PHP
Financial Bank Planning Consultant	75,600 PHP
Financial Banking Analysis Manager	79,800 PHP
Financial Banking Assistant	28,100 PHP
Financial Banking Systems Manager	78,900 PHP
Foreign Exchange Manager	83,100 PHP
Fraud Analyst	62,500 PHP
Fraud Detection Associate	40,400 PHP
Fraud Detection Manager	89,700 PHP
Fraud Detection Supervisor	48,000 PHP
Internal Bank Audit Manager	107,000 PHP
Internal Bank Auditor	55,900 PHP
Internal Private Banker	41,500 PHP
International Banking Manager	116,000 PHP
Investment Banking Analyst	81,100 PHP
Loan Analyst	53,600 PHP
Loan Area Manager	67,000 PHP
Loan Audit Team Leader	62,700 PHP
Loan Branch Manager	61,000 PHP
Loan Business Development Officer	35,700 PHP
Loan Clerk	20,500 PHP
Loan Collection and Recovery Manager	67,200 PHP
Loan Collection Manager	68,400 PHP
Loan Collector	18,000 PHP
Loan Examiner	23,600 PHP
Loan Officer	21,000 PHP
Loan Processing Manager	63,300 PHP
Loan Processor	26,000 PHP
Loan Quality Assurance Auditor	57,500 PHP
Loan Quality Assurance Manager	62,900 PHP
Loan Quality Assurance Representative	41,200 PHP
Loan Review Manager	61,100 PHP
Loan Team Leader	59,300 PHP
Loans Manager	73,200 PHP
Mortgage Advisor	40,100 PHP
Mortgage Collection Manager	66,600 PHP
Mortgage Collector	18,300 PHP
Mortgage Credit Analyst	29,200 PHP
Mortgage Credit Manager	60,300 PHP
Mortgage Development Manager	75,100 PHP
Mortgage Document Reviewer	25,100 PHP
Mortgage Funding Manager	73,400 PHP
Mortgage Operations Manager	99,600 PHP
Mortgage Payment Processing Clerk	21,600 PHP
Mortgage Processing Manager	63,800 PHP
Mortgage Processor	24,600 PHP
Mortgage Quality Assurance Auditor	54,900 PHP
Mortgage Quality Assurance Manager	61,800 PHP
Mortgage Servicing Clerk	18,700 PHP
Mortgage Servicing Manager	64,600 PHP
Mortgage Underwriter	22,700 PHP
Online Banking Manager	97,100 PHP
Open Banking Strategist	56,000 PHP
Payment Processing Clerk	19,500 PHP
Personal Banker	40,900 PHP
Personal Banking Advisor	41,300 PHP
Phone Banker	28,200 PHP
Private Banker	39,000 PHP
Reconciliation and Investigation Specialist	43,900 PHP
Tax Officer	32,900 PHP
Teller	19,300 PHP
Trade Officer	23,100 PHP
Trade Product Manager	65,200 PHP
Trader	26,800 PHP
Treasury Operations Officer	51,500 PHP
Wealth Management Advisor	79,800 PHP

Banking Jobs Pay Scale and Salaries in Manila

Median and salary distribution Manila Banking monthly

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Salary Structure and Pay Scale Comparison

5% of people earn
57,300 PHP or more

10% of people earn
47,400 to 57,300 PHP

20% of people earn
25,700 PHP or less

65% of people earn
25,700 to 47,400 PHP

Minimum Salary
18,200 PHP

Median
51,200 PHP

Maximum
119,000 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 in Banking in Manila range from 18,200 PHP (starting average salary) to 119,000 PHP (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.
Median Salary
The median income in the field of Banking is 51,200 PHP, implying that half of the workforce in Manila earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.
Percentiles and Salary Scale
Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Banking in Manila earn less than 38,300 PHP, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 63,000 PHP, while 25% earn more than that.
Pay Scale Structure
Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Banking in Manila. The analysis revealed that roughly 65% of all reported salaries fell within the range of 25,700 PHP to 47,400 PHP. Approximately 20% of salaries were below the 25,700 PHP mark, while 10% ranged from 47,400 PHP to 57,300 PHP. Only 5% of individuals earned a gross salary of 57,300 PHP or higher.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

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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.

Generally speaking, employees in Banking in Manila 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.

Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

“ 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.

Salary Comparison By Education

How does the education level affect your salary?

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Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

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 degree levels across many jobs in Banking in Manila, 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 certificate 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.

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.

Employees can't expect any salary increases during the study period, assuming they 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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.

Salary and Compensation Comparison By Gender / Banking / Manila

Salary comparison by gender Philippines Banking 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? In the field of Banking in Philippines, the average difference between the salary of male and female employees is 15%.

Male		52,100 PHP
Female	-13%	45,400 PHP

Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Philippines for all Careers

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43 Careers That Pay Women More Than Men!

Check The List

Average Annual Salary Increment Percentage / Banking / Manila

How much are annual salary increments in Manila for individuals working in Banking? How often do employees get salary raises?

Professionals working in Banking in Philippines are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.

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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

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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

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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 / Banking / Philippines

How much and how often are bonuses being awarded?
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100% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
Received Bonus
%
No Bonus
100%
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 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.

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.

Hourly Average Wage / Banking / Manila

340 PHP per hour

The average hourly wage (pay per hour) in Banking in Manila is 340 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 in Banking in Manila is 110 PHP. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary Comparison By City

City	Average Salary

Antipolo	53,500 PHP
Cagayan de Oro	51,800 PHP
Cebu	55,400 PHP
Dasmarinas	46,800 PHP
Davao	57,400 PHP
Kalookan	56,300 PHP
Las Pinas	48,900 PHP
Makati	47,900 PHP
Manila	58,200 PHP
Paranaque	50,800 PHP
Pasig	52,600 PHP
Quezon City	59,200 PHP
Taguig	54,600 PHP
Valenzuela	49,700 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

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Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary in Banking in Manila?

A good and competitive compensation would range anywhere between 51,200 PHP and 63,000 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)

Base / Basic Salary

The base salary for jobs in Banking in Manila ranges from 18,200 PHP to 38,300 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

Philippines»Manila

All Jobs»Banking