How much money does a person working in Accounting and Finance make in Manila?
Average Monthly Salary
55,300 PHP
( 663,000 PHP yearly)
LOW
22,200
PHP
AVERAGE
55,300
PHP
HIGH
110,000
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 Manila typically earns around 55,300 PHP. Salaries range from 22,200 PHP (lowest average) to 110,000 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 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
Accounting and Finance | |
Account Examiner | 27,000 PHP |
Account Executive | 46,500 PHP |
Accountant | 34,700 PHP |
Accounting Analyst | 45,900 PHP |
|
Accounting Assistant | 26,700 PHP |
Accounting Associate | 26,300 PHP |
Accounting Clerk | 21,900 PHP |
Accounting Coordinator | 32,400 PHP |
Accounting Head | 73,700 PHP |
Accounting Manager | 79,200 PHP |
Accounting Officer | 27,200 PHP |
Accounting Specialist | 48,900 PHP |
Accounting Supervisor | 48,600 PHP |
Accounting Technician | 24,500 PHP |
Accounting Unit Controller | 61,400 PHP |
Accounts Executive | 47,100 PHP |
Accounts Officer | 27,800 PHP |
Accounts Payable and Receivable Specialist | 35,300 PHP |
Accounts Payable Assistant | 29,700 PHP |
Accounts Payable Associate | 32,700 PHP |
Accounts Payable Clerk | 27,300 PHP |
Accounts Payable Manager | 71,300 PHP |
Accounts Receivable Administrator | 53,300 PHP |
Accounts Receivable Clerk | 26,400 PHP |
Accounts Receivable Financial Analyst | 50,600 PHP |
Accounts Receivable Manager | 67,700 PHP |
Accounts Receivable Team Leader | 54,600 PHP |
Algorithmic Trading Specialist | 61,100 PHP |
Assistant Accountant | 29,000 PHP |
Assistant Accounting Manager | 69,900 PHP |
Assistant Auditor | 34,800 PHP |
Assistant Corporate Controller | 50,400 PHP |
Assistant Finance Manager | 72,100 PHP |
Assistant Financial Controller | 51,200 PHP |
Audit Director | 86,700 PHP |
Audit Supervisor | 64,600 PHP |
Auditing Clerk | 27,800 PHP |
Auditing Manager | 76,100 PHP |
Billing Clerk | 27,800 PHP |
Billing Coordinator | 32,700 PHP |
Billing Specialist | 39,200 PHP |
Billing Supervisor | 53,100 PHP |
Bookkeeper | 24,800 PHP |
Bookkeeping Specialist | 33,400 PHP |
Budget Analyst | 63,800 PHP |
Budget Manager | 75,100 PHP |
Business Support Analyst | 39,200 PHP |
Capital Markets Associate | 54,200 PHP |
Cash Flow Analyst | 54,100 PHP |
Cash Management Manager | 69,600 PHP |
Cash Management Officer | 39,700 PHP |
Cashbook Clerk | 25,500 PHP |
Chartered Accountant | 48,000 PHP |
Chief Accountant | 54,300 PHP |
Chief Financial Technology Officer | 76,700 PHP |
Collections Clerk | 21,900 PHP |
Collections Representative | 30,200 PHP |
Collections Specialist | 35,200 PHP |
Corporate Controller | 54,900 PHP |
Corporate Treasurer | 66,100 PHP |
Cost Accountant | 35,300 PHP |
Cost Accounting Manager | 74,600 PHP |
Cost Accounting Supervisor | 59,200 PHP |
Cost Analyst | 58,800 PHP |
Credit and Collection Manager | 72,800 PHP |
Credit and Collection Staff | 27,100 PHP |
Credit and Loans Officer | 26,200 PHP |
Credit Controller | 48,800 PHP |
Credit Manager | 74,300 PHP |
Debt Adviser | 62,700 PHP |
Debt Collector | 30,100 PHP |
Debtors Clerk | 26,100 PHP |
Debtors Controller | 27,200 PHP |
Deputy CFO | 96,600 PHP |
Deputy Head of Finance | 103,000 PHP |
Derivative Trader | 60,500 PHP |
Director of Finance | 112,000 PHP |
E-commerce Accountant | 37,300 PHP |
Economist | 81,200 PHP |
Equity Analyst | 62,600 PHP |
Escrow Assistant | 31,300 PHP |
Executive Accountant | 39,300 PHP |
External Auditor | 50,400 PHP |
Finance Administrator | 42,100 PHP |
Finance Analyst | 68,100 PHP |
Finance Associate | 30,900 PHP |
Finance Data Analyst | 60,200 PHP |
Finance Director | 103,000 PHP |
Finance Executive | 76,300 PHP |
Finance Licensing Clerk | 27,000 PHP |
Finance Licensing Manager | 70,300 PHP |
Finance Licensing Specialist | 39,200 PHP |
Finance Manager | 106,000 PHP |
Finance Officer | 35,200 PHP |
Finance President | 108,000 PHP |
Finance Relationship Manager | 81,300 PHP |
Finance Release Analyst | 43,200 PHP |
Finance Specialist | 61,600 PHP |
Finance Team Leader | 81,000 PHP |
Financial Accountant | 36,600 PHP |
Financial Actuary | 53,100 PHP |
Financial Administrator | 62,400 PHP |
Financial Advisor | 66,400 PHP |
Financial Analyst | 67,100 PHP |
Financial Applications Specialist | 45,100 PHP |
Financial Assistant | 28,600 PHP |
Financial Associate | 27,700 PHP |
Financial Associate | 34,400 PHP |
Financial Claims Analyst | 49,900 PHP |
Financial Claims Manager | 64,900 PHP |
Financial Claims Supervisor | 59,300 PHP |
Financial Clerk | 26,300 PHP |
Financial Commercial Analyst | 51,300 PHP |
Financial Compliance Analyst | 57,100 PHP |
Financial Compliance Officer | 58,000 PHP |
Financial Consultant | 50,400 PHP |
Financial Controller | 55,400 PHP |
Financial Controller | 55,600 PHP |
Financial Coordinator | 32,600 PHP |
Financial Customer Service Manager | 64,100 PHP |
Financial Data Scientist | 67,000 PHP |
Financial Dealer and Broker | 40,900 PHP |
Financial Director | 102,000 PHP |
Financial Encoder | 31,100 PHP |
Financial Manager | 96,200 PHP |
Financial Manager | 104,000 PHP |
Financial Modelling Analyst | 63,600 PHP |
Financial Operations Manager | 91,500 PHP |
Financial Policy Analyst | 56,900 PHP |
Financial Project Manager | 77,400 PHP |
Financial Quantitative Analyst | 64,200 PHP |
Financial Reporting Consultant | 53,400 PHP |
Financial Reporting Manager | 70,200 PHP |
Financial Section Head | 66,400 PHP |
Financial Services Manager | 93,300 PHP |
Financial Services Sales Agent | 39,900 PHP |
Financial Technology Consultant | 54,700 PHP |
Financial Wellness Coach | 77,500 PHP |
FinTech Analyst | 64,000 PHP |
Fixed Assets Administrator | 37,400 PHP |
Forensic Accountant | 41,000 PHP |
Fraud Detection Supervisor | 42,500 PHP |
Fraud Prevention Manager | 76,400 PHP |
Fund Accountant | 35,200 PHP |
Grants Coordinator | 27,100 PHP |
Green Finance Analyst | 52,800 PHP |
Group Financial Manager | 102,000 PHP |
Internal Auditor | 47,300 PHP |
Internal Control Adviser | 54,200 PHP |
Internal Control Officer | 32,600 PHP |
International Tax Director | 84,800 PHP |
Inventory Accountant | 38,300 PHP |
Investment Advisor | 97,000 PHP |
Investment Analyst | 70,400 PHP |
Investment Associate | 58,300 PHP |
Investment Broker | 58,800 PHP |
Investment Fund Manager | 84,200 PHP |
Investment Operations Manager | 76,800 PHP |
Investment Underwriter | 31,500 PHP |
Investor | 47,600 PHP |
Investor Relations Manager | 72,900 PHP |
KYC Team Leader | 67,500 PHP |
Loan Processor | 29,600 PHP |
Management Accountant | 41,600 PHP |
Management Economist | 84,400 PHP |
Paymaster | 28,700 PHP |
Payroll Administrator | 46,800 PHP |
Payroll Benefits Coordinator | 41,200 PHP |
Payroll Billing Manager | 67,000 PHP |
Payroll Clerk | 30,400 PHP |
Payroll Manager | 62,700 PHP |
Payroll Officer | 31,400 PHP |
Payroll Specialist | 36,900 PHP |
Payroll Supervisor | 47,600 PHP |
Pensions Administrator | 38,400 PHP |
Personal Financial Advisor | 51,300 PHP |
Pricing Analyst | 56,900 PHP |
Private Equity Analyst | 62,100 PHP |
Project Accountant | 37,100 PHP |
Proposal Development Coordinator | 32,200 PHP |
Quantitative Trader | 50,800 PHP |
Receivables Accountant | 34,600 PHP |
Regulatory Accountant | 40,600 PHP |
Retirement Plan Analyst | 54,900 PHP |
Revenue Management Specialist | 62,100 PHP |
Revenue Recognition Analyst | 69,300 PHP |
Risk Management Director | 83,700 PHP |
Risk Management Supervisor | 74,800 PHP |
Staff Accountant | 33,200 PHP |
Tax Accountant | 32,800 PHP |
Tax Administrator | 37,500 PHP |
Tax Advisor | 57,500 PHP |
Tax Analyst | 56,600 PHP |
Tax Associate | 32,000 PHP |
Tax Consultant | 58,000 PHP |
Tax Director | 82,900 PHP |
Tax Examiner | 39,000 PHP |
Tax Manager | 76,000 PHP |
Tax Research Manager | 74,700 PHP |
Teller | 21,400 PHP |
Treasury Accountant | 37,700 PHP |
Treasury Analyst | 57,700 PHP |
Underwriter | 26,300 PHP |
Underwriting Assistant | 24,300 PHP |
Vice President of Finance | 94,500 PHP |
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Accounting and Finance Jobs Pay Scale and Salaries in Manila
![Median and salary distribution Manila Accounting and Finance monthly Median and salary distribution Manila Accounting and Finance monthly](charts/philippines/manila/accounting-and-finance/median-and-salary-distribution-monthly-manila-accounting-and-finance.jpg)
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/philippines/manila/accounting-and-finance/median-and-salary-distribution-monthly-manila-accounting-and-finance.jpg Salary Structure and Pay Scale Comparison
5% of people earn
56,200 PHP or more
10% of people earn
47,600 to 56,200 PHP
20% of people earn
28,600 PHP or less
65% of people earn
28,600 to 47,600 PHP
Minimum Salary 22,200 PHP |
Median 49,300 PHP |
Maximum 110,000 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 Manila range from 22,200 PHP (starting average salary) to 110,000 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 49,300 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 Accounting and Finance in Manila earn less than 38,600 PHP, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 59,500 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 Manila. The analysis revealed that roughly 65% of all reported salaries fell within the range of 28,600 PHP to 47,600 PHP. Approximately 20% of salaries were below the 28,600 PHP mark, while 10% ranged from 47,600 PHP to 56,200 PHP. Only 5% of individuals earned a gross salary of 56,200 PHP or higher.
Salary Comparison by Years of Experience
How does a person's salary progress over time?
![Salary Comparison By Experience Level Salary Comparison By Experience Level](/images/salary-by-experience.jpg)
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg 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 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. ”
Salary Comparison By Education
How does the education level affect your salary?
![Salary Comparison By Education Salary Comparison By Education](/images/salary-comparison-by-education.jpg)
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg 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 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 / Accounting and Finance / Manila
![Salary comparison by gender Philippines Accounting and Finance monthly Salary comparison by gender Philippines Accounting and Finance monthly](charts/philippines/accounting-and-finance/salary-comparison-by-gender-monthly-philippines-accounting-and-finance.jpg)
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/philippines/accounting-and-finance/salary-comparison-by-gender-monthly-philippines-accounting-and-finance.jpg 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 Salary comparison by gender monthly Philippines](charts/philippines/salary-comparison-by-gender-monthly-philippines.jpg)
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/philippines/salary-comparison-by-gender-monthly-philippines.jpg
Average Annual Salary Increment Percentage / Accounting and Finance / Manila
How much are annual salary increments in Manila 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 Annual Salary Increment Rate Philippines Accounting and Finance](charts/philippines/accounting-and-finance/annual-salary-increment-rate-philippines-accounting-and-finance.jpg)
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/philippines/accounting-and-finance/annual-salary-increment-rate-philippines-accounting-and-finance.jpg 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 Annual Salary Increment Rate Philippines](charts/philippines/annual-salary-increment-rate-philippines.jpg)
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/philippines/annual-salary-increment-rate-philippines.jpg 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 World Average Annual Salary Increment](images/salary-increment-world.jpg)
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg 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 Annual Salary Bonus Rate Philippines Accounting and Finance](charts/philippines/accounting-and-finance/annual-salary-bonus-rate-philippines-accounting-and-finance.jpg)
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/philippines/accounting-and-finance/annual-salary-bonus-rate-philippines-accounting-and-finance.jpg
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 BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 / Accounting and Finance / Manila
320 PHP
per hour The average hourly wage (pay per hour) in Accounting and Finance in Manila is 320 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 Manila is 130 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
Antipolo | 50,800 PHP |
Cagayan de Oro | 49,100 PHP |
Cebu | 52,600 PHP |
Dasmarinas | 44,400 PHP |
Davao | 54,500 PHP |
Kalookan | 53,400 PHP |
Las Pinas | 46,400 PHP |
Makati | 45,500 PHP |
Manila | 55,300 PHP |
Paranaque | 48,200 PHP |
Pasig | 49,900 PHP |
Quezon City | 56,200 PHP |
Taguig | 51,800 PHP |
Valenzuela | 47,200 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 Manila?
A good and competitive compensation would range anywhere between 49,300 PHP and 59,500 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 Manila ranges from 22,200 PHP to 38,600 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