Financial Quantitative Analyst Average Salary in Manila 2024
How much money does a person working as Financial Quantitative Analyst make in Manila?
LOW
29,600
PHP AVERAGE
64,200
PHP HIGH
102,000
PHP
A person working as Financial Quantitative Analyst in Manila typically earns around 64,200 PHP. Salaries range from 29,600 PHP (lowest) to 102,000 PHP (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Financial Quantitative Analyst salaries in Manila vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Financial Quantitative Analyst Pay Scale and Salaries in Manila
Salary Structure and Pay Scale Comparison
60,900 PHP or more
53,400 to 60,900 PHP
36,800 PHP or less
36,800 to 53,400 PHP
 29,600 PHP |
61,400 PHP |
102,000 PHP |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Financial Quantitative Analyst in Manila range from 29,600 PHP (starting salary) to 102,000 PHP (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 61,400 PHP, half of the professionals who work as Financial Quantitative Analyst in Manila earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Financial Quantitative Analyst in Manila earn less than 49,500 PHP, while 75% earn more. Similarly, the chart shows that 75% earn less than 70,800 PHP while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Financial Quantitative Analyst in Manila compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 36,800 PHP to 53,400 PHP. About 20% of salaries are below the 36,800 PHP mark, while 10% fall within the range of 53,400 PHP to 60,900 PHP. Only 5% of individuals have salaries exceeding 60,900 PHP.
Salary Comparison by Years of Experience / Financial Quantitative Analyst / Manila
How do experience and age affect pay?
| 0 - 2 Years | 33,500 PHP | |
| 2 - 5 Years | +34% | 44,800 PHP |
| 5 - 10 Years | +48% | 66,200 PHP |
| 10 - 15 Years | +22% | 80,700 PHP |
| 15 - 20 Years | +9% | 88,000 PHP |
| 20+ Years | +8% | 95,200 PHP |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Financial Quantitative Analyst and this is what we found.
Employees with less than two years of experience earn approximately 33,500 PHP.
While someone with an experience level between two and five years is expected to earn 44,800 PHP, 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 66,200 PHP, 48% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 80,700 PHP, 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 88,000 PHP, 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 95,200 PHP, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Financial Quantitative Analyst / Manila
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Financial Quantitative Analyst.
| High School | 41,200 PHP | |
| Certificate or Diploma | +18% | 48,400 PHP |
| Bachelor's Degree | +45% | 70,200 PHP |
| Master's Degree | +31% | 92,000 PHP |
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 salaries by education level for the position Financial Quantitative Analyst in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 41,200 PHP.
Level 2: Certificate or Diploma
At this level, the average salary becomes 48,400 PHP, 18% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 70,200 PHP, 45% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 92,000 PHP, 31% more than the previous level.
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.
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 to a higher-paying job. The numbers seem to support the theory. 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.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Financial Quantitative Analyst / Manila
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Financial Quantitative Analyst in Philippines, the average difference between the salary of male and female employees is 15%.
| Male | 53,900 PHP | |
| Female | -13% | 47,000 PHP |
Salary Comparison By Gender in Philippines for all Careers
Average Annual Salary Increment Percentage / Financial Quantitative Analyst / Manila
How much are annual salary increments in Manila for individuals working as Financial Quantitative Analyst? How often do employees get salary raises?
Individuals working as Financial Quantitative Analyst 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.
Philippines / All Professions
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
Worldwide Salary Raises: All Countries and All Jobs
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 / Financial Quantitative Analyst / Philippines
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/philippines/accounting-and-finance/financial-quantitative-analyst/annual-salary-bonus-rate-philippines-financial-quantitative-analyst.jpg
100% of surveyed staff 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: | Example: |
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.
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.
Average Hourly Wage / Financial Quantitative Analyst / Manila
370 PHP per hourThe average hourly wage (pay per hour) for individuals working as Financial Quantitative Analyst in Manila is 370 PHP.This is the rate they get paid for every worked hour.
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 as Financial Quantitative Analyst in Manila is 170 PHP. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Accounting and Finance |  -100% | |
| Account Examiner | 27,000 PHP | -58% |
| Account Executive | 46,500 PHP | -28% |
| Accountant | 34,700 PHP | -46% |
| Accounting Analyst | 45,900 PHP | -29% |
| Accounting Assistant | 26,700 PHP | -58% |
| Accounting Associate | 26,300 PHP | -59% |
| Accounting Clerk | 21,900 PHP | -66% |
| Accounting Coordinator | 32,400 PHP | -50% |
| Accounting Head | 73,700 PHP |  +15% |
| Accounting Manager | 79,200 PHP | +23% |
| Accounting Officer | 27,200 PHP | -58% |
| Accounting Specialist | 48,900 PHP | -24% |
| Accounting Supervisor | 48,600 PHP | -24% |
| Accounting Technician | 24,500 PHP | -62% |
| Accounting Unit Controller | 61,400 PHP | -4% |
| Accounts Executive | 47,100 PHP | -27% |
| Accounts Officer | 27,800 PHP | -57% |
| Accounts Payable and Receivable Specialist | 35,300 PHP | -45% |
| Accounts Payable Assistant | 29,700 PHP | -54% |
| Accounts Payable Associate | 32,700 PHP | -49% |
| Accounts Payable Clerk | 27,300 PHP | -58% |
| Accounts Payable Manager | 71,300 PHP | +11% |
| Accounts Receivable Administrator | 53,300 PHP | -17% |
| Accounts Receivable Clerk | 26,400 PHP | -59% |
| Accounts Receivable Financial Analyst | 50,600 PHP | -21% |
| Accounts Receivable Manager | 67,700 PHP | +5% |
| Accounts Receivable Team Leader | 54,600 PHP | -15% |
| Algorithmic Trading Specialist | 61,100 PHP | -5% |
| Assistant Accountant | 29,000 PHP | -55% |
| Assistant Accounting Manager | 69,900 PHP | +9% |
| Assistant Auditor | 34,800 PHP | -46% |
| Assistant Corporate Controller | 50,400 PHP | -22% |
| Assistant Finance Manager | 72,100 PHP | +12% |
| Assistant Financial Controller | 51,200 PHP | -20% |
| Audit Director | 86,700 PHP | +35% |
| Audit Supervisor | 64,600 PHP | +1% |
| Auditing Clerk | 27,800 PHP | -57% |
| Auditing Manager | 76,100 PHP | +18% |
| Billing Clerk | 27,800 PHP | -57% |
| Billing Coordinator | 32,700 PHP | -49% |
| Billing Specialist | 39,200 PHP | -39% |
| Billing Supervisor | 53,100 PHP | -17% |
| Bookkeeper | 24,800 PHP | -61% |
| Bookkeeping Specialist | 33,400 PHP | -48% |
| Budget Analyst | 63,800 PHP | -1% |
| Budget Manager | 75,100 PHP | +17% |
| Business Support Analyst | 39,200 PHP | -39% |
| Capital Markets Associate | 54,200 PHP | -16% |
| Cash Flow Analyst | 54,100 PHP | -16% |
| Cash Management Manager | 69,600 PHP | +8% |
| Cash Management Officer | 39,700 PHP | -38% |
| Cashbook Clerk | 25,500 PHP | -60% |
| Chartered Accountant | 48,000 PHP | -25% |
| Chief Accountant | 54,300 PHP | -15% |
| Chief Financial Technology Officer | 76,700 PHP | +19% |
| Collections Clerk | 21,900 PHP | -66% |
| Collections Representative | 30,200 PHP | -53% |
| Collections Specialist | 35,200 PHP | -45% |
| Corporate Controller | 54,900 PHP | -15% |
| Corporate Treasurer | 66,100 PHP | +3% |
| Cost Accountant | 35,300 PHP | -45% |
| Cost Accounting Manager | 74,600 PHP | +16% |
| Cost Accounting Supervisor | 59,200 PHP | -8% |
| Cost Analyst | 58,800 PHP | -8% |
| Credit and Collection Manager | 72,800 PHP | +13% |
| Credit and Collection Staff | 27,100 PHP | -58% |
| Credit and Loans Officer | 26,200 PHP | -59% |
| Credit Controller | 48,800 PHP | -24% |
| Credit Manager | 74,300 PHP | +16% |
| Debt Adviser | 62,700 PHP | -2% |
| Debt Collector | 30,100 PHP | -53% |
| Debtors Clerk | 26,100 PHP | -59% |
| Debtors Controller | 27,200 PHP | -58% |
| Deputy CFO | 96,600 PHP | +50% |
| Deputy Head of Finance | 103,000 PHP | +60% |
| Derivative Trader | 60,500 PHP | -6% |
| Director of Finance | 112,000 PHP | +74% |
| E-commerce Accountant | 37,300 PHP | -42% |
| Economist | 81,200 PHP | +26% |
| Equity Analyst | 62,600 PHP | -3% |
| Escrow Assistant | 31,300 PHP | -51% |
| Executive Accountant | 39,300 PHP | -39% |
| External Auditor | 50,400 PHP | -22% |
| Finance Administrator | 42,100 PHP | -34% |
| Finance Analyst | 68,100 PHP | +6% |
| Finance Associate | 30,900 PHP | -52% |
| Finance Data Analyst | 60,200 PHP | -6% |
| Finance Director | 103,000 PHP | +60% |
| Finance Executive | 76,300 PHP | +19% |
| Finance Licensing Clerk | 27,000 PHP | -58% |
| Finance Licensing Manager | 70,300 PHP | +9% |
| Finance Licensing Specialist | 39,200 PHP | -39% |
| Finance Manager | 106,000 PHP | +65% |
| Finance Officer | 35,200 PHP | -45% |
| Finance President | 108,000 PHP | +68% |
| Finance Relationship Manager | 81,300 PHP | +27% |
| Finance Release Analyst | 43,200 PHP | -33% |
| Finance Specialist | 61,600 PHP | -4% |
| Finance Team Leader | 81,000 PHP | +26% |
| Financial Accountant | 36,600 PHP | -43% |
| Financial Actuary | 53,100 PHP | -17% |
| Financial Administrator | 62,400 PHP | -3% |
| Financial Advisor | 66,400 PHP | +3% |
| Financial Analyst | 67,100 PHP | +4% |
| Financial Applications Specialist | 45,100 PHP | -30% |
| Financial Assistant | 28,600 PHP | -55% |
| Financial Associate | 34,400 PHP | -46% |
| Financial Claims Analyst | 49,900 PHP | -22% |
| Financial Claims Manager | 64,900 PHP | +1% |
| Financial Claims Supervisor | 59,300 PHP | -8% |
| Financial Clerk | 26,300 PHP | -59% |
| Financial Commercial Analyst | 51,300 PHP | -20% |
| Financial Compliance Analyst | 57,100 PHP | -11% |
| Financial Compliance Officer | 58,000 PHP | -10% |
| Financial Consultant | 50,400 PHP | -22% |
| Financial Controller | 55,600 PHP | -13% |
| Financial Coordinator | 32,600 PHP | -49% |
| Financial Customer Service Manager | 64,100 PHP | -0% |
| Financial Data Scientist | 67,000 PHP | +4% |
| Financial Dealer and Broker | 40,900 PHP | -36% |
| Financial Director | 102,000 PHP | +59% |
| Financial Encoder | 31,100 PHP | -52% |
| Financial Manager | 96,200 PHP | +50% |
| Financial Modelling Analyst | 63,600 PHP | -1% |
| Financial Operations Manager | 91,500 PHP | +42% |
| Financial Policy Analyst | 56,900 PHP | -11% |
| Financial Project Manager | 77,400 PHP | +20% |
| Financial Quantitative Analyst | 64,200 PHP | -0% |
| Financial Reporting Consultant | 53,400 PHP | -17% |
| Financial Reporting Manager | 70,200 PHP | +9% |
| Financial Section Head | 66,400 PHP | +3% |
| Financial Services Manager | 93,300 PHP | +45% |
| Financial Services Sales Agent | 39,900 PHP | -38% |
| Financial Technology Consultant | 54,700 PHP | -15% |
| Financial Wellness Coach | 77,500 PHP | +21% |
| FinTech Analyst | 64,000 PHP | -0% |
| Fixed Assets Administrator | 37,400 PHP | -42% |
| Forensic Accountant | 41,000 PHP | -36% |
| Fraud Detection Supervisor | 42,500 PHP | -34% |
| Fraud Prevention Manager | 76,400 PHP | +19% |
| Fund Accountant | 35,200 PHP | -45% |
| Grants Coordinator | 27,100 PHP | -58% |
| Green Finance Analyst | 52,800 PHP | -18% |
| Group Financial Manager | 102,000 PHP | +59% |
| Internal Auditor | 47,300 PHP | -26% |
| Internal Control Adviser | 54,200 PHP | -16% |
| Internal Control Officer | 32,600 PHP | -49% |
| International Tax Director | 84,800 PHP | +32% |
| Inventory Accountant | 38,300 PHP | -40% |
| Investment Advisor | 97,000 PHP | +51% |
| Investment Analyst | 70,400 PHP | +10% |
| Investment Associate | 58,300 PHP | -9% |
| Investment Broker | 58,800 PHP | -8% |
| Investment Fund Manager | 84,200 PHP | +31% |
| Investment Operations Manager | 76,800 PHP | +20% |
| Investment Underwriter | 31,500 PHP | -51% |
| Investor | 47,600 PHP | -26% |
| Investor Relations Manager | 72,900 PHP | +13% |
| KYC Team Leader | 67,500 PHP | +5% |
| Loan Processor | 29,600 PHP | -54% |
| Management Accountant | 41,600 PHP | -35% |
| Management Economist | 84,400 PHP | +31% |
| Paymaster | 28,700 PHP | -55% |
| Payroll Administrator | 46,800 PHP | -27% |
| Payroll Benefits Coordinator | 41,200 PHP | -36% |
| Payroll Billing Manager | 67,000 PHP | +4% |
| Payroll Clerk | 30,400 PHP | -53% |
| Payroll Manager | 62,700 PHP | -2% |
| Payroll Officer | 31,400 PHP | -51% |
| Payroll Specialist | 36,900 PHP | -43% |
| Payroll Supervisor | 47,600 PHP | -26% |
| Pensions Administrator | 38,400 PHP | -40% |
| Personal Financial Advisor | 51,300 PHP | -20% |
| Pricing Analyst | 56,900 PHP | -11% |
| Private Equity Analyst | 62,100 PHP | -3% |
| Project Accountant | 37,100 PHP | -42% |
| Proposal Development Coordinator | 32,200 PHP | -50% |
| Quantitative Trader | 50,800 PHP | -21% |
| Receivables Accountant | 34,600 PHP | -46% |
| Regulatory Accountant | 40,600 PHP | -37% |
| Retirement Plan Analyst | 54,900 PHP | -15% |
| Revenue Management Specialist | 62,100 PHP | -3% |
| Revenue Recognition Analyst | 69,300 PHP | +8% |
| Risk Management Director | 83,700 PHP | +30% |
| Risk Management Supervisor | 74,800 PHP | +16% |
| Staff Accountant | 33,200 PHP | -48% |
| Tax Accountant | 32,800 PHP | -49% |
| Tax Administrator | 37,500 PHP | -42% |
| Tax Advisor | 57,500 PHP | -10% |
| Tax Analyst | 56,600 PHP | -12% |
| Tax Associate | 32,000 PHP | -50% |
| Tax Consultant | 58,000 PHP | -10% |
| Tax Director | 82,900 PHP | +29% |
| Tax Examiner | 39,000 PHP | -39% |
| Tax Manager | 76,000 PHP | +18% |
| Tax Research Manager | 74,700 PHP | +16% |
| Teller | 21,400 PHP | -67% |
| Treasury Accountant | 37,700 PHP | -41% |
| Treasury Analyst | 57,700 PHP | -10% |
| Underwriter | 26,300 PHP | -59% |
| Underwriting Assistant | 24,300 PHP | -62% |
| Vice President of Finance | 94,500 PHP | +47% |
Salary Comparison By City
| City | Average Salary |
| Cebu | 60,700 PHP |
| Manila | 64,200 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 |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Financial Quantitative Analyst in Manila?
A good and competitive compensation would range anywhere between 61,400 PHP and 70,800 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 a careers like Financial Quantitative Analyst in Manila ranges from 29,600 PHP to 49,500 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
