Credit Analyst Average Salary in Philippines 2024
How much money does a person working as Credit Analyst make in Philippines?
LOW
16,600
PHP AVERAGE
36,200
PHP HIGH
57,500
PHP
A person working as Credit Analyst in Philippines typically earns around 36,200 PHP. Salaries range from 16,600 PHP (lowest) to 57,500 PHP (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Credit Analyst salaries in Philippines vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Credit Analyst Pay Scale and Salaries in Philippines
Salary Structure and Pay Scale Comparison
34,300 PHP or more
30,000 to 34,300 PHP
20,700 PHP or less
20,700 to 30,000 PHP
 16,600 PHP |
34,600 PHP |
57,500 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 Credit Analyst in Philippines range from 16,600 PHP (starting salary) to 57,500 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 34,600 PHP, half of the professionals who work as Credit Analyst in Philippines 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 Credit Analyst in Philippines earn less than 27,900 PHP, while 75% earn more. Similarly, the chart shows that 75% earn less than 39,800 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 Credit Analyst in Philippines compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 20,700 PHP to 30,000 PHP. About 20% of salaries are below the 20,700 PHP mark, while 10% fall within the range of 30,000 PHP to 34,300 PHP. Only 5% of individuals have salaries exceeding 34,300 PHP.
Salary Comparison by Years of Experience / Credit Analyst / Philippines
How do experience and age affect pay?
| 0 - 2 Years | 18,900 PHP | |
| 2 - 5 Years | +34% | 25,200 PHP |
| 5 - 10 Years | +48% | 37,300 PHP |
| 10 - 15 Years | +22% | 45,400 PHP |
| 15 - 20 Years | +9% | 49,500 PHP |
| 20+ Years | +8% | 53,600 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 Credit Analyst and this is what we found.
Employees with less than two years of experience earn approximately 18,900 PHP.
While someone with an experience level between two and five years is expected to earn 25,200 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 37,300 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 45,400 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 49,500 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 53,600 PHP, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Credit Analyst / Philippines
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Credit Analyst.
| Bachelor's Degree | 21,900 PHP | |
| Master's Degree | +93% | 42,400 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 Credit Analyst in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 21,900 PHP.
Level 2: Master's Degree
At this level, the average salary becomes 42,400 PHP, 93% 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 / Credit Analyst / Philippines
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 Credit Analyst in Philippines, the average difference between the salary of male and female employees is 15%.
| Male | 38,600 PHP | |
| Female | -13% | 33,700 PHP |
Salary Comparison By Gender in Philippines for all Careers
Average Annual Salary Increment Percentage / Credit Analyst / Philippines
How much are annual salary increments in Philippines for individuals working as Credit Analyst? How often do employees get salary raises?
Individuals working as Credit Analyst in Philippines are likely to observe a salary increase of approximately 11% every 17 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 / Credit Analyst / Philippines
How much and how often are bonuses being awarded?
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43% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 57% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.
| Received Bonus | 57% | |
| No Bonus | 43% |
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 / Credit Analyst / Philippines
210 PHP per hourThe average hourly wage (pay per hour) for individuals working as Credit Analyst in Philippines is 210 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 Credit Analyst in Philippines is 96 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 |
| Banking |  -100% | |
| AML Analyst | 67,700 PHP |  +87% |
| Assistant Bank Branch Manager | 57,700 PHP | +60% |
| Assistant Bank Manager | 74,000 PHP | +100% |
| ATM Manager | 60,700 PHP | +68% |
| ATM Service Technician | 18,000 PHP | -50% |
| Bank Accounts Analyst | 26,300 PHP | -27% |
| Bank Accounts Collector | 16,000 PHP | -56% |
| Bank Accounts Controller | 31,500 PHP | -13% |
| Bank Accounts Executive | 50,100 PHP | +39% |
| Bank Accounts Manager | 56,500 PHP | +56% |
| Bank Auditing Manager | 56,300 PHP | +56% |
| Bank Branch Manager | 80,900 PHP | +120% |
| Bank Branch Operations Coordinator | 35,800 PHP | -1% |
| Bank Clerk | 15,500 PHP | -57% |
| Bank Client Service Associate | 20,300 PHP | -44% |
| Bank Collector | 14,900 PHP | -59% |
| Bank Compliance Specialist | 41,200 PHP | +14% |
| Bank Manager | 95,500 PHP | +160% |
| Bank Operational Risk Manager | 88,600 PHP | +150% |
| Bank Operations Head | 93,600 PHP | +160% |
| Bank Operations Officer | 36,000 PHP | -0% |
| Bank Operations Specialist | 58,000 PHP | +60% |
| Bank Process Manager | 49,000 PHP | +36% |
| Bank Product Manager | 57,800 PHP | +60% |
| Bank Programme Manager | 62,900 PHP | +74% |
| Bank Project Manager | 75,300 PHP | +110% |
| Bank Propositions Manager | 68,800 PHP | +90% |
| Bank Quantitative Analyst | 44,200 PHP | +22% |
| Bank Regional Manager | 90,500 PHP | +150% |
| Bank Regional Risk Officer | 46,900 PHP | +30% |
| Bank Relationship Manager | 71,300 PHP | +97% |
| Bank Relationship Officer | 29,900 PHP | -17% |
| Bank Sustainability Analyst | 54,300 PHP | +50% |
| Bank Teller | 16,100 PHP | -55% |
| Banker | 31,400 PHP | -13% |
| Banking Business Analyst | 48,400 PHP | +34% |
| Banking Business Development Officer | 30,500 PHP | -16% |
| Banking Business Planning Executive | 65,500 PHP | +81% |
| Banking Data Analyst | 54,200 PHP | +50% |
| Banking Product Manager | 58,000 PHP | +60% |
| Banking Reference Data Manager | 49,600 PHP | +37% |
| Banking Regulatory Compliance Officer | 53,900 PHP | +49% |
| Banking Risk Analyst | 47,000 PHP | +30% |
| Banking Technical Analyst | 26,200 PHP | -28% |
| Bankruptcy Coordinator | 33,500 PHP | -7% |
| Bill and Account Collector | 16,600 PHP | -54% |
| Blockchain Analyst | 40,500 PHP | +12% |
| Blockchain Architect | 45,600 PHP | +26% |
| Blockchain Auditor | 43,400 PHP | +20% |
| Blockchain Compliance Analyst | 43,600 PHP | +21% |
| Blockchain Consultant | 44,300 PHP | +23% |
| Blockchain Trade Facilitator | 40,600 PHP | +12% |
| Budget Analyst | 46,100 PHP | +27% |
| Capital Risk Manager | 92,600 PHP | +160% |
| Cards Marketing Manager | 62,100 PHP | +72% |
| Cash Management Manager | 82,900 PHP | +130% |
| Check Processing Manager | 59,500 PHP | +65% |
| Chief Blockchain Officer | 52,200 PHP | +44% |
| Commercial Vault Associate | 48,500 PHP | +34% |
| Corporate Banker | 34,200 PHP | -5% |
| Corporate Dealer | 48,100 PHP | +33% |
| Credit Analyst | 36,200 PHP | +0% |
| Credit and Collections Manager | 67,400 PHP | +86% |
| Credit Card Fraud Investigator | 50,200 PHP | +39% |
| Credit Portfolio Manager | 88,500 PHP | +140% |
| Credit Risk Analyst | 51,100 PHP | +41% |
| Credit Risk Associate | 52,200 PHP | +44% |
| Cryptocurrency Accountant | 30,900 PHP | -15% |
| Cryptocurrency Adviser | 58,300 PHP | +61% |
| Cryptocurrency Analyst | 42,400 PHP | +17% |
| Cryptocurrency Compliance Manager | 56,500 PHP | +56% |
| Cryptocurrency Trader | 49,200 PHP | +36% |
| Digital Banking Manager | 64,300 PHP | +78% |
| Digital Currency Analyst | 45,000 PHP | +24% |
| Direct Bank Sales Representative | 33,400 PHP | -8% |
| Exchange Control Consultant | 51,000 PHP | +41% |
| Executive Account Analyst | 46,500 PHP | +29% |
| Financial Bank Planning Consultant | 59,600 PHP | +65% |
| Financial Banking Analysis Manager | 72,400 PHP | +100% |
| Financial Banking Assistant | 22,800 PHP | -37% |
| Financial Banking Systems Manager | 63,200 PHP | +75% |
| Foreign Exchange Manager | 72,600 PHP | +100% |
| Fraud Analyst | 48,900 PHP | +35% |
| Fraud Detection Associate | 35,000 PHP | -3% |
| Fraud Detection Manager | 71,300 PHP | +97% |
| Fraud Detection Supervisor | 41,000 PHP | +13% |
| Internal Bank Audit Manager | 89,200 PHP | +150% |
| Internal Bank Auditor | 46,100 PHP | +27% |
| Internal Private Banker | 33,700 PHP | -7% |
| International Banking Manager | 94,600 PHP | +160% |
| Investment Banking Analyst | 68,100 PHP | +88% |
| Loan Analyst | 45,600 PHP | +26% |
| Loan Area Manager | 57,700 PHP | +60% |
| Loan Audit Team Leader | 54,000 PHP | +49% |
| Loan Branch Manager | 51,900 PHP | +44% |
| Loan Business Development Officer | 30,100 PHP | -17% |
| Loan Clerk | 17,100 PHP | -53% |
| Loan Collection and Recovery Manager | 54,500 PHP | +51% |
| Loan Collection Manager | 56,100 PHP | +55% |
| Loan Collector | 16,000 PHP | -56% |
| Loan Examiner | 20,700 PHP | -43% |
| Loan Officer | 18,400 PHP | -49% |
| Loan Processing Manager | 49,600 PHP | +37% |
| Loan Processor | 22,200 PHP | -39% |
| Loan Quality Assurance Auditor | 48,500 PHP | +34% |
| Loan Quality Assurance Manager | 52,400 PHP | +45% |
| Loan Quality Assurance Representative | 37,500 PHP | +4% |
| Loan Review Manager | 55,000 PHP | +52% |
| Loan Team Leader | 47,800 PHP | +32% |
| Loans Manager | 66,100 PHP | +83% |
| Mortgage Advisor | 31,900 PHP | -12% |
| Mortgage Collection Manager | 57,700 PHP | +60% |
| Mortgage Collector | 15,700 PHP | -57% |
| Mortgage Credit Analyst | 24,700 PHP | -32% |
| Mortgage Credit Manager | 55,800 PHP | +54% |
| Mortgage Development Manager | 62,100 PHP | +72% |
| Mortgage Document Reviewer | 20,600 PHP | -43% |
| Mortgage Funding Manager | 59,200 PHP | +64% |
| Mortgage Operations Manager | 83,700 PHP | +130% |
| Mortgage Payment Processing Clerk | 17,900 PHP | -50% |
| Mortgage Processing Manager | 56,200 PHP | +55% |
| Mortgage Processor | 21,500 PHP | -41% |
| Mortgage Quality Assurance Auditor | 45,100 PHP | +25% |
| Mortgage Quality Assurance Manager | 55,400 PHP | +53% |
| Mortgage Servicing Clerk | 16,100 PHP | -55% |
| Mortgage Servicing Manager | 54,900 PHP | +52% |
| Mortgage Underwriter | 20,100 PHP | -44% |
| Online Banking Manager | 86,300 PHP | +140% |
| Open Banking Strategist | 47,300 PHP | +31% |
| Payment Processing Clerk | 17,100 PHP | -53% |
| Personal Banker | 35,200 PHP | -3% |
| Personal Banking Advisor | 34,700 PHP | -4% |
| Phone Banker | 23,500 PHP | -35% |
| Private Banker | 33,900 PHP | -6% |
| Reconciliation and Investigation Specialist | 38,900 PHP | +8% |
| Tax Officer | 29,700 PHP | -18% |
| Teller | 16,200 PHP | -55% |
| Trade Officer | 19,200 PHP | -47% |
| Trade Product Manager | 53,400 PHP | +48% |
| Trader | 24,000 PHP | -34% |
| Treasury Operations Officer | 43,100 PHP | +19% |
| Wealth Management Advisor | 67,000 PHP | +85% |
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 Credit Analyst in Philippines?
A good and competitive compensation would range anywhere between 34,600 PHP and 39,800 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 Credit Analyst in Philippines ranges from 16,600 PHP to 27,900 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
