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Accounting and Finance Average Salaries in Philippines 2024

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


Average Monthly Salary
46,300 PHP
( 556,000 PHP yearly)

LOW
18,600
PHP AVERAGE
46,300
PHP HIGH
92,200
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 Philippines typically earns around 46,300 PHP. Salaries range from 18,600 PHP (lowest average) to 92,200 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 Philippines 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 Examiner23,300 PHP
Account Executive39,300 PHP
Accountant30,100 PHP
Accounting Analyst39,500 PHP
Accounting Assistant22,900 PHP
Accounting Associate22,000 PHP
Accounting Clerk18,500 PHP
Accounting Coordinator27,900 PHP
Accounting Head62,200 PHP
Accounting Manager66,400 PHP
Accounting Officer23,200 PHP
Accounting Specialist41,100 PHP
Accounting Supervisor43,900 PHP
Accounting Technician21,800 PHP
Accounting Unit Controller52,300 PHP
Accounts Executive37,100 PHP
Accounts Officer23,100 PHP
Accounts Payable and Receivable Specialist31,800 PHP
Accounts Payable Assistant25,700 PHP
Accounts Payable Associate27,000 PHP
Accounts Payable Clerk22,600 PHP
Accounts Payable Manager58,200 PHP
Accounts Receivable Administrator43,000 PHP
Accounts Receivable Clerk23,500 PHP
Accounts Receivable Financial Analyst41,300 PHP
Accounts Receivable Manager59,800 PHP
Accounts Receivable Team Leader44,100 PHP
Algorithmic Trading Specialist55,000 PHP
Assistant Accountant23,700 PHP
Assistant Accounting Manager59,000 PHP
Assistant Auditor29,600 PHP
Assistant Corporate Controller41,600 PHP
Assistant Finance Manager62,600 PHP
Assistant Financial Controller42,800 PHP
Audit Director72,900 PHP
Audit Supervisor53,700 PHP
Auditing Clerk23,100 PHP
Auditing Manager66,500 PHP
Billing Clerk22,400 PHP
Billing Coordinator28,800 PHP
Billing Specialist31,800 PHP
Billing Supervisor44,800 PHP
Bookkeeper20,700 PHP
Bookkeeping Specialist29,700 PHP
Budget Analyst52,600 PHP
Budget Manager61,200 PHP
Business Support Analyst33,300 PHP
Capital Markets Associate43,900 PHP
Cash Flow Analyst48,000 PHP
Cash Management Manager61,200 PHP
Cash Management Officer34,500 PHP
Cashbook Clerk20,900 PHP
Chartered Accountant37,200 PHP
Chief Accountant47,500 PHP
Chief Financial Technology Officer66,200 PHP
Collections Clerk18,500 PHP
Collections Representative25,500 PHP
Collections Specialist31,500 PHP
Corporate Controller50,500 PHP
Corporate Treasurer59,000 PHP
Cost Accountant30,600 PHP
Cost Accounting Manager59,600 PHP
Cost Accounting Supervisor47,200 PHP
Cost Analyst46,400 PHP
Credit and Collection Manager59,300 PHP
Credit and Collection Staff24,200 PHP
Credit and Loans Officer22,600 PHP
Credit Controller43,200 PHP
Credit Manager63,300 PHP
Debt Adviser49,500 PHP
Debt Collector25,900 PHP
Debtors Clerk21,900 PHP
Debtors Controller23,200 PHP
Deputy CFO84,900 PHP
Deputy Head of Finance80,000 PHP
Derivative Trader54,700 PHP
Director of Finance91,500 PHP
E-commerce Accountant32,000 PHP
Economist73,700 PHP
Equity Analyst53,500 PHP
Escrow Assistant26,300 PHP
Executive Accountant35,900 PHP
External Auditor43,500 PHP
Finance Administrator36,700 PHP
Finance Analyst53,300 PHP
Finance Associate26,600 PHP
Finance Data Analyst48,600 PHP
Finance Director87,500 PHP
Finance Executive66,000 PHP
Finance Licensing Clerk22,800 PHP
Finance Licensing Manager58,700 PHP
Finance Licensing Specialist32,300 PHP
Finance Manager89,100 PHP
Finance Officer29,300 PHP
Finance President93,300 PHP
Finance Relationship Manager70,900 PHP
Finance Release Analyst36,100 PHP
Finance Specialist51,200 PHP
Finance Team Leader 69,800 PHP
Financial Accountant31,100 PHP
Financial Actuary46,500 PHP
Financial Administrator50,200 PHP
Financial Advisor54,500 PHP
Financial Analyst53,800 PHP
Financial Applications Specialist37,900 PHP
Financial Assistant23,700 PHP
Financial Associate24,400 PHP
Financial Associate27,800 PHP
Financial Claims Analyst42,300 PHP
Financial Claims Manager54,400 PHP
Financial Claims Supervisor49,000 PHP
Financial Clerk23,100 PHP
Financial Commercial Analyst44,600 PHP
Financial Compliance Analyst47,400 PHP
Financial Compliance Officer46,200 PHP
Financial Consultant39,100 PHP
Financial Controller50,300 PHP
Financial Controller47,700 PHP
Financial Coordinator27,300 PHP
Financial Customer Service Manager53,900 PHP
Financial Data Scientist58,400 PHP
Financial Dealer and Broker33,200 PHP
Financial Director92,200 PHP
Financial Encoder26,500 PHP
Financial Manager89,800 PHP
Financial Manager81,500 PHP
Financial Modelling Analyst54,800 PHP
Financial Operations Manager76,300 PHP
Financial Policy Analyst48,800 PHP
Financial Project Manager61,800 PHP
Financial Quantitative Analyst50,400 PHP
Financial Reporting Consultant43,700 PHP
Financial Reporting Manager60,200 PHP
Financial Section Head58,100 PHP
Financial Services Manager79,400 PHP
Financial Services Sales Agent33,800 PHP
Financial Technology Consultant46,600 PHP
Financial Wellness Coach65,200 PHP
FinTech Analyst53,200 PHP
Fixed Assets Administrator31,100 PHP
Forensic Accountant35,800 PHP
Fraud Detection Supervisor39,000 PHP
Fraud Prevention Manager62,800 PHP
Fund Accountant28,600 PHP
Grants Coordinator22,700 PHP
Green Finance Analyst47,900 PHP
Group Financial Manager87,100 PHP
Internal Auditor40,400 PHP
Internal Control Adviser49,800 PHP
Internal Control Officer26,800 PHP
International Tax Director73,400 PHP
Inventory Accountant31,900 PHP
Investment Advisor85,800 PHP
Investment Analyst61,600 PHP
Investment Associate51,000 PHP
Investment Broker50,800 PHP
Investment Fund Manager65,900 PHP
Investment Operations Manager65,600 PHP
Investment Underwriter26,900 PHP
Investor40,800 PHP
Investor Relations Manager61,800 PHP
KYC Team Leader57,900 PHP
Loan Processor26,100 PHP
Management Accountant32,700 PHP
Management Economist71,500 PHP
Paymaster24,900 PHP
Payroll Administrator42,100 PHP
Payroll Benefits Coordinator34,500 PHP
Payroll Billing Manager55,500 PHP
Payroll Clerk27,100 PHP
Payroll Manager55,200 PHP
Payroll Officer25,700 PHP
Payroll Specialist32,900 PHP
Payroll Supervisor37,400 PHP
Pensions Administrator32,500 PHP
Personal Financial Advisor44,200 PHP
Pricing Analyst50,000 PHP
Private Equity Analyst51,700 PHP
Project Accountant31,800 PHP
Proposal Development Coordinator27,300 PHP
Quantitative Trader45,400 PHP
Receivables Accountant29,200 PHP
Regulatory Accountant32,600 PHP
Retirement Plan Analyst50,500 PHP
Revenue Management Specialist51,000 PHP
Revenue Recognition Analyst59,000 PHP
Risk Management Director76,500 PHP
Risk Management Supervisor61,200 PHP
Staff Accountant29,100 PHP
Tax Accountant27,700 PHP
Tax Administrator32,600 PHP
Tax Advisor44,600 PHP
Tax Analyst48,000 PHP
Tax Associate26,700 PHP
Tax Consultant48,600 PHP
Tax Director68,500 PHP
Tax Examiner31,400 PHP
Tax Manager61,400 PHP
Tax Research Manager59,600 PHP
Teller18,700 PHP
Treasury Accountant32,000 PHP
Treasury Analyst51,000 PHP
Underwriter21,000 PHP
Underwriting Assistant19,200 PHP
Vice President of Finance86,800 PHP


Accounting and Finance Jobs Pay Scale and Salaries in Philippines

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

5% of people earn
50,000 PHP or more
10% of people earn
42,300 to 50,000 PHP
20% of people earn
25,500 PHP or less
65% of people earn
25,500 to 42,300 PHP
Minimum Salary
18,600 PHP
Median
43,800 PHP
Maximum
92,200 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 Philippines range from 18,600 PHP (starting average salary) to 92,200 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 43,800 PHP, implying that half of the workforce in Philippines 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 Philippines earn less than 34,300 PHP, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 52,900 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 Philippines. The analysis revealed that roughly 65% of all reported salaries fell within the range of 25,500 PHP to 42,300 PHP. Approximately 20% of salaries were below the 25,500 PHP mark, while 10% ranged from 42,300 PHP to 50,000 PHP. Only 5% of individuals earned a gross salary of 50,000 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 Philippines 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 Philippines, 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 / Philippines

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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43 Careers That Pay Women More Than Men!

Check The List

Average Annual Salary Increment Percentage / Accounting and Finance / Philippines

How much are annual salary increments in Philippines 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 10% every 16 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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20% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 80% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
80%
No Bonus
20%

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 / Philippines


270 PHP per hour

The average hourly wage (pay per hour) in Accounting and Finance in Philippines is 270 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 Philippines is 110 PHP. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary Comparison By City

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

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Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary in Accounting and Finance in Philippines?

A good and competitive compensation would range anywhere between 43,800 PHP and 52,900 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 Philippines ranges from 18,600 PHP to 34,300 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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