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Accounting and Finance Average Salaries in Cebu 2024

How much money does a person working in Accounting and Finance make in Cebu?


Average Monthly Salary
52,600 PHP
( 631,000 PHP yearly)

LOW
21,100
PHP
AVERAGE
52,600
PHP
HIGH
105,000
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 Accounting and Finance in Cebu typically earns around 52,600 PHP. Salaries range from 21,100 PHP (lowest average) to 105,000 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 Accounting and Finance domain in Cebu 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 TitleAverage Salary
Accounting and Finance
Account Examiner24,700 PHP
Account Executive45,600 PHP
Accountant32,800 PHP
Accounting Analyst44,100 PHP
Accounting Assistant25,300 PHP
Accounting Associate23,800 PHP
Accounting Clerk20,700 PHP
Accounting Coordinator29,700 PHP
Accounting Head72,300 PHP
Accounting Manager75,300 PHP
Accounting Officer26,200 PHP
Accounting Specialist47,300 PHP
Accounting Supervisor48,700 PHP
Accounting Technician23,100 PHP
Accounting Unit Controller59,200 PHP
Accounts Executive43,000 PHP
Accounts Officer26,900 PHP
Accounts Payable and Receivable Specialist34,900 PHP
Accounts Payable Assistant27,700 PHP
Accounts Payable Associate32,700 PHP
Accounts Payable Clerk26,000 PHP
Accounts Payable Manager68,000 PHP
Accounts Receivable Administrator48,500 PHP
Accounts Receivable Clerk25,200 PHP
Accounts Receivable Financial Analyst48,300 PHP
Accounts Receivable Manager64,900 PHP
Accounts Receivable Team Leader52,200 PHP
Algorithmic Trading Specialist60,400 PHP
Assistant Accountant25,000 PHP
Assistant Accounting Manager65,300 PHP
Assistant Auditor33,500 PHP
Assistant Corporate Controller45,000 PHP
Assistant Finance Manager71,700 PHP
Assistant Financial Controller45,700 PHP
Audit Director75,900 PHP
Audit Supervisor62,600 PHP
Auditing Clerk26,900 PHP
Auditing Manager74,200 PHP
Billing Clerk25,300 PHP
Billing Coordinator29,700 PHP
Billing Specialist36,200 PHP
Billing Supervisor52,200 PHP
Bookkeeper22,100 PHP
Bookkeeping Specialist31,500 PHP
Budget Analyst56,900 PHP
Budget Manager67,100 PHP
Business Support Analyst37,800 PHP
Capital Markets Associate52,700 PHP
Cash Flow Analyst53,500 PHP
Cash Management Manager69,100 PHP
Cash Management Officer39,500 PHP
Cashbook Clerk23,500 PHP
Chartered Accountant43,200 PHP
Chief Accountant53,000 PHP
Chief Financial Technology Officer71,300 PHP
Collections Clerk20,500 PHP
Collections Representative29,700 PHP
Collections Specialist35,500 PHP
Corporate Controller56,000 PHP
Corporate Treasurer66,500 PHP
Cost Accountant32,900 PHP
Cost Accounting Manager68,100 PHP
Cost Accounting Supervisor56,700 PHP
Cost Analyst53,800 PHP
Credit and Collection Manager65,000 PHP
Credit and Collection Staff25,900 PHP
Credit and Loans Officer24,000 PHP
Credit Controller47,600 PHP
Credit Manager68,100 PHP
Debt Adviser54,500 PHP
Debt Collector28,900 PHP
Debtors Clerk22,800 PHP
Debtors Controller26,200 PHP
Deputy CFO95,800 PHP
Deputy Head of Finance93,000 PHP
Derivative Trader60,700 PHP
Director of Finance96,600 PHP
E-commerce Accountant37,100 PHP
Economist78,900 PHP
Equity Analyst61,400 PHP
Escrow Assistant31,800 PHP
Executive Accountant37,400 PHP
External Auditor49,200 PHP
Finance Administrator40,400 PHP
Finance Analyst60,300 PHP
Finance Associate29,700 PHP
Finance Data Analyst57,500 PHP
Finance Director99,200 PHP
Finance Executive74,600 PHP
Finance Licensing Clerk25,200 PHP
Finance Licensing Manager65,800 PHP
Finance Licensing Specialist36,800 PHP
Finance Manager92,700 PHP
Finance Officer32,900 PHP
Finance President96,600 PHP
Finance Relationship Manager82,100 PHP
Finance Release Analyst38,500 PHP
Finance Specialist53,900 PHP
Finance Team Leader 74,100 PHP
Financial Accountant35,200 PHP
Financial Actuary51,900 PHP
Financial Administrator55,900 PHP
Financial Advisor64,400 PHP
Financial Analyst59,100 PHP
Financial Applications Specialist43,600 PHP
Financial Assistant27,700 PHP
Financial Associate28,900 PHP
Financial Associate33,400 PHP
Financial Claims Analyst45,100 PHP
Financial Claims Manager58,700 PHP
Financial Claims Supervisor59,300 PHP
Financial Clerk27,400 PHP
Financial Commercial Analyst48,500 PHP
Financial Compliance Analyst55,300 PHP
Financial Compliance Officer55,600 PHP
Financial Consultant45,400 PHP
Financial Controller53,800 PHP
Financial Controller52,700 PHP
Financial Coordinator31,000 PHP
Financial Customer Service Manager65,100 PHP
Financial Data Scientist64,300 PHP
Financial Dealer and Broker36,000 PHP
Financial Director101,000 PHP
Financial Encoder30,000 PHP
Financial Manager91,300 PHP
Financial Manager100,000 PHP
Financial Modelling Analyst61,200 PHP
Financial Operations Manager90,000 PHP
Financial Policy Analyst53,900 PHP
Financial Project Manager70,600 PHP
Financial Quantitative Analyst60,700 PHP
Financial Reporting Consultant48,500 PHP
Financial Reporting Manager66,500 PHP
Financial Section Head64,900 PHP
Financial Services Manager90,000 PHP
Financial Services Sales Agent37,900 PHP
Financial Technology Consultant52,800 PHP
Financial Wellness Coach67,800 PHP
FinTech Analyst56,000 PHP
Fixed Assets Administrator36,700 PHP
Forensic Accountant41,400 PHP
Fraud Detection Supervisor43,300 PHP
Fraud Prevention Manager70,600 PHP
Fund Accountant32,600 PHP
Grants Coordinator24,500 PHP
Green Finance Analyst51,300 PHP
Group Financial Manager93,900 PHP
Internal Auditor46,300 PHP
Internal Control Adviser55,200 PHP
Internal Control Officer30,100 PHP
International Tax Director78,800 PHP
Inventory Accountant35,900 PHP
Investment Advisor89,900 PHP
Investment Analyst65,300 PHP
Investment Associate56,900 PHP
Investment Broker54,600 PHP
Investment Fund Manager74,500 PHP
Investment Operations Manager79,100 PHP
Investment Underwriter28,000 PHP
Investor45,100 PHP
Investor Relations Manager69,200 PHP
KYC Team Leader63,900 PHP
Loan Processor27,000 PHP
Management Accountant39,400 PHP
Management Economist80,100 PHP
Paymaster27,100 PHP
Payroll Administrator44,000 PHP
Payroll Benefits Coordinator39,200 PHP
Payroll Billing Manager63,900 PHP
Payroll Clerk28,700 PHP
Payroll Manager65,400 PHP
Payroll Officer30,000 PHP
Payroll Specialist35,300 PHP
Payroll Supervisor45,000 PHP
Pensions Administrator36,400 PHP
Personal Financial Advisor52,000 PHP
Pricing Analyst59,300 PHP
Private Equity Analyst58,100 PHP
Project Accountant35,100 PHP
Proposal Development Coordinator30,600 PHP
Quantitative Trader48,600 PHP
Receivables Accountant32,300 PHP
Regulatory Accountant35,800 PHP
Retirement Plan Analyst56,000 PHP
Revenue Management Specialist57,400 PHP
Revenue Recognition Analyst63,700 PHP
Risk Management Director79,800 PHP
Risk Management Supervisor64,700 PHP
Staff Accountant32,400 PHP
Tax Accountant32,200 PHP
Tax Administrator37,300 PHP
Tax Advisor51,900 PHP
Tax Analyst51,100 PHP
Tax Associate28,500 PHP
Tax Consultant52,400 PHP
Tax Director82,900 PHP
Tax Examiner36,800 PHP
Tax Manager72,700 PHP
Tax Research Manager71,600 PHP
Teller20,600 PHP
Treasury Accountant35,800 PHP
Treasury Analyst55,400 PHP
Underwriter24,000 PHP
Underwriting Assistant22,200 PHP
Vice President of Finance96,300 PHP


Accounting and Finance Jobs Pay Scale and Salaries in Cebu

Median and salary distribution Cebu Accounting and Finance monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
52,900 PHP or more
10% of people earn
44,800 to 52,900 PHP
20% of people earn
27,000 PHP or less
65% of people earn
27,000 to 44,800 PHP
Minimum Salary
21,100 PHP
Median
46,400 PHP
Maximum
105,000 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 Accounting and Finance in Cebu range from 21,100 PHP (starting average salary) to 105,000 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 Accounting and Finance is 46,400 PHP, implying that half of the workforce in Cebu 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 Accounting and Finance in Cebu earn less than 36,300 PHP, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 56,000 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 Accounting and Finance in Cebu. The analysis revealed that roughly 65% of all reported salaries fell within the range of 27,000 PHP to 44,800 PHP. Approximately 20% of salaries were below the 27,000 PHP mark, while 10% ranged from 44,800 PHP to 52,900 PHP. Only 5% of individuals earned a gross salary of 52,900 PHP or higher.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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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 Accounting and Finance in Cebu 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?

Salary Comparison By Education
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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 Accounting and Finance in Cebu, 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 / Accounting and Finance / Cebu

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

Male
49,500 PHP
Female-13%
43,100 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 / Accounting and Finance / Cebu

How much are annual salary increments in Cebu for individuals working in Accounting and Finance? How often do employees get salary raises?

Professionals working in Accounting and Finance 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.

Annual Salary Increment Rate Philippines Accounting and Finance
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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 / Accounting and Finance / Philippines

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Philippines Accounting and Finance
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100% of surveyed staff in Accounting and Finance 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 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.

Hourly Average Wage / Accounting and Finance / Cebu


300 PHP per hour

The average hourly wage (pay per hour) in Accounting and Finance in Cebu is 300 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 Accounting and Finance in Cebu is 120 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

CityAverage Salary
Antipolo50,800 PHP
Cagayan de Oro49,100 PHP
Cebu52,600 PHP
Dasmarinas44,400 PHP
Davao54,500 PHP
Kalookan53,400 PHP
Las Pinas46,400 PHP
Makati45,500 PHP
Manila55,300 PHP
Paranaque48,200 PHP
Pasig49,900 PHP
Quezon City56,200 PHP
Taguig51,800 PHP
Valenzuela47,200 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 in Accounting and Finance in Cebu?

A good and competitive compensation would range anywhere between 46,400 PHP and 56,000 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 jobs in Accounting and Finance in Cebu ranges from 21,100 PHP to 36,300 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


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