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Accounting and Finance Average Salaries in Manila 2024

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

Job Title

Average Salary

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

Accounting and Finance Jobs Pay Scale and Salaries in Manila

Median and salary distribution Manila Accounting and Finance monthly

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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?

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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 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 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

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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

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43 Careers That Pay Women More Than Men!

Check The List

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

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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 / Accounting and Finance / Philippines

How much and how often are bonuses being awarded?
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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 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

City	Average Salary

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

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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)

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

Philippines»Manila

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