Paymaster Average Salary in Philippines 2024
How much money does a person working as Paymaster make in Philippines?
LOW
11,500
PHP AVERAGE
24,900
PHP HIGH
39,600
PHP
A person working as Paymaster in Philippines typically earns around 24,900 PHP. Salaries range from 11,500 PHP (lowest) to 39,600 PHP (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Paymaster salaries in Philippines vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Paymaster Pay Scale and Salaries in Philippines
Salary Structure and Pay Scale Comparison
23,600 PHP or more
20,700 to 23,600 PHP
14,300 PHP or less
14,300 to 20,700 PHP
 11,500 PHP |
23,800 PHP |
39,600 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 Paymaster in Philippines range from 11,500 PHP (starting salary) to 39,600 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 23,800 PHP, half of the professionals who work as Paymaster 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 Paymaster in Philippines earn less than 19,200 PHP, while 75% earn more. Similarly, the chart shows that 75% earn less than 27,400 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 Paymaster in Philippines compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 14,300 PHP to 20,700 PHP. About 20% of salaries are below the 14,300 PHP mark, while 10% fall within the range of 20,700 PHP to 23,600 PHP. Only 5% of individuals have salaries exceeding 23,600 PHP.
Salary Comparison by Years of Experience / Paymaster / Philippines
How do experience and age affect pay?
| 0 - 2 Years | 13,000 PHP | |
| 2 - 5 Years | +34% | 17,400 PHP |
| 5 - 10 Years | +48% | 25,700 PHP |
| 10 - 15 Years | +22% | 31,300 PHP |
| 15 - 20 Years | +9% | 34,100 PHP |
| 20+ Years | +8% | 36,900 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 Paymaster and this is what we found.
Employees with less than two years of experience earn approximately 13,000 PHP.
While someone with an experience level between two and five years is expected to earn 17,400 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 25,700 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 31,300 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 34,100 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 36,900 PHP, 8% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Paymaster / Philippines
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Paymaster.
| High School | 16,000 PHP | |
| Certificate or Diploma | +18% | 18,800 PHP |
| Bachelor's Degree | +45% | 27,200 PHP |
| Master's Degree | +31% | 35,600 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 Paymaster in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 16,000 PHP.
Level 2: Certificate or Diploma
At this level, the average salary becomes 18,800 PHP, 18% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 27,200 PHP, 45% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 35,600 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 / Paymaster / 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 Paymaster in Philippines, the average difference between the salary of male and female employees is 15%.
| Male | 26,600 PHP | |
| Female | -13% | 23,200 PHP |
Salary Comparison By Gender in Philippines for all Careers
Average Annual Salary Increment Percentage / Paymaster / Philippines
How much are annual salary increments in Philippines for individuals working as Paymaster? How often do employees get salary raises?
Individuals working as Paymaster 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 / Paymaster / Philippines
How much and how often are bonuses being awarded?
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69% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 31% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.
| Received Bonus | 31% | |
| No Bonus | 69% |
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 / Paymaster / Philippines
140 PHP per hourThe average hourly wage (pay per hour) for individuals working as Paymaster in Philippines is 140 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 Paymaster in Philippines is 66 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 | 23,300 PHP | -6% |
| Account Executive | 39,300 PHP |  +58% |
| Accountant | 30,100 PHP | +21% |
| Accounting Analyst | 39,500 PHP | +59% |
| Accounting Assistant | 22,900 PHP | -8% |
| Accounting Associate | 22,000 PHP | -12% |
| Accounting Clerk | 18,500 PHP | -26% |
| Accounting Coordinator | 27,900 PHP | +12% |
| Accounting Head | 62,200 PHP | +150% |
| Accounting Manager | 66,400 PHP | +170% |
| Accounting Officer | 23,200 PHP | -7% |
| Accounting Specialist | 41,100 PHP | +65% |
| Accounting Supervisor | 43,900 PHP | +76% |
| Accounting Technician | 21,800 PHP | -12% |
| Accounting Unit Controller | 52,300 PHP | +110% |
| Accounts Executive | 37,100 PHP | +49% |
| Accounts Officer | 23,100 PHP | -7% |
| Accounts Payable and Receivable Specialist | 31,800 PHP | +28% |
| Accounts Payable Assistant | 25,700 PHP | +3% |
| Accounts Payable Associate | 27,000 PHP | +8% |
| Accounts Payable Clerk | 22,600 PHP | -9% |
| Accounts Payable Manager | 58,200 PHP | +130% |
| Accounts Receivable Administrator | 43,000 PHP | +73% |
| Accounts Receivable Clerk | 23,500 PHP | -6% |
| Accounts Receivable Financial Analyst | 41,300 PHP | +66% |
| Accounts Receivable Manager | 59,800 PHP | +140% |
| Accounts Receivable Team Leader | 44,100 PHP | +77% |
| Algorithmic Trading Specialist | 55,000 PHP | +120% |
| Assistant Accountant | 23,700 PHP | -5% |
| Assistant Accounting Manager | 59,000 PHP | +140% |
| Assistant Auditor | 29,600 PHP | +19% |
| Assistant Corporate Controller | 41,600 PHP | +67% |
| Assistant Finance Manager | 62,600 PHP | +150% |
| Assistant Financial Controller | 42,800 PHP | +72% |
| Audit Director | 72,900 PHP | +190% |
| Audit Supervisor | 53,700 PHP | +120% |
| Auditing Clerk | 23,100 PHP | -7% |
| Auditing Manager | 66,500 PHP | +170% |
| Billing Clerk | 22,400 PHP | -10% |
| Billing Coordinator | 28,800 PHP | +16% |
| Billing Specialist | 31,800 PHP | +28% |
| Billing Supervisor | 44,800 PHP | +80% |
| Bookkeeper | 20,700 PHP | -17% |
| Bookkeeping Specialist | 29,700 PHP | +19% |
| Budget Analyst | 52,600 PHP | +110% |
| Budget Manager | 61,200 PHP | +150% |
| Business Support Analyst | 33,300 PHP | +34% |
| Capital Markets Associate | 43,900 PHP | +76% |
| Cash Flow Analyst | 48,000 PHP | +93% |
| Cash Management Manager | 61,200 PHP | +150% |
| Cash Management Officer | 34,500 PHP | +39% |
| Cashbook Clerk | 20,900 PHP | -16% |
| Chartered Accountant | 37,200 PHP | +49% |
| Chief Accountant | 47,500 PHP | +91% |
| Chief Financial Technology Officer | 66,200 PHP | +170% |
| Collections Clerk | 18,500 PHP | -26% |
| Collections Representative | 25,500 PHP | +2% |
| Collections Specialist | 31,500 PHP | +27% |
| Corporate Controller | 50,500 PHP | +100% |
| Corporate Treasurer | 59,000 PHP | +140% |
| Cost Accountant | 30,600 PHP | +23% |
| Cost Accounting Manager | 59,600 PHP | +140% |
| Cost Accounting Supervisor | 47,200 PHP | +90% |
| Cost Analyst | 46,400 PHP | +86% |
| Credit and Collection Manager | 59,300 PHP | +140% |
| Credit and Collection Staff | 24,200 PHP | -3% |
| Credit and Loans Officer | 22,600 PHP | -9% |
| Credit Controller | 43,200 PHP | +74% |
| Credit Manager | 63,300 PHP | +150% |
| Debt Adviser | 49,500 PHP | +99% |
| Debt Collector | 25,900 PHP | +4% |
| Debtors Clerk | 21,900 PHP | -12% |
| Debtors Controller | 23,200 PHP | -7% |
| Deputy CFO | 84,900 PHP | +240% |
| Deputy Head of Finance | 80,000 PHP | +220% |
| Derivative Trader | 54,700 PHP | +120% |
| Director of Finance | 91,500 PHP | +270% |
| E-commerce Accountant | 32,000 PHP | +29% |
| Economist | 73,700 PHP | +200% |
| Equity Analyst | 53,500 PHP | +110% |
| Escrow Assistant | 26,300 PHP | +6% |
| Executive Accountant | 35,900 PHP | +44% |
| External Auditor | 43,500 PHP | +75% |
| Finance Administrator | 36,700 PHP | +47% |
| Finance Analyst | 53,300 PHP | +110% |
| Finance Associate | 26,600 PHP | +7% |
| Finance Data Analyst | 48,600 PHP | +95% |
| Finance Director | 87,500 PHP | +250% |
| Finance Executive | 66,000 PHP | +170% |
| Finance Licensing Clerk | 22,800 PHP | -8% |
| Finance Licensing Manager | 58,700 PHP | +140% |
| Finance Licensing Specialist | 32,300 PHP | +30% |
| Finance Manager | 89,100 PHP | +260% |
| Finance Officer | 29,300 PHP | +18% |
| Finance President | 93,300 PHP | +270% |
| Finance Relationship Manager | 70,900 PHP | +180% |
| Finance Release Analyst | 36,100 PHP | +45% |
| Finance Specialist | 51,200 PHP | +110% |
| Finance Team Leader | 69,800 PHP | +180% |
| Financial Accountant | 31,100 PHP | +25% |
| Financial Actuary | 46,500 PHP | +87% |
| Financial Administrator | 50,200 PHP | +100% |
| Financial Advisor | 54,500 PHP | +120% |
| Financial Analyst | 53,800 PHP | +120% |
| Financial Applications Specialist | 37,900 PHP | +52% |
| Financial Assistant | 23,700 PHP | -5% |
| Financial Associate | 27,800 PHP | +12% |
| Financial Claims Analyst | 42,300 PHP | +70% |
| Financial Claims Manager | 54,400 PHP | +120% |
| Financial Claims Supervisor | 49,000 PHP | +97% |
| Financial Clerk | 23,100 PHP | -7% |
| Financial Commercial Analyst | 44,600 PHP | +79% |
| Financial Compliance Analyst | 47,400 PHP | +90% |
| Financial Compliance Officer | 46,200 PHP | +86% |
| Financial Consultant | 39,100 PHP | +57% |
| Financial Controller | 47,700 PHP | +92% |
| Financial Coordinator | 27,300 PHP | +10% |
| Financial Customer Service Manager | 53,900 PHP | +120% |
| Financial Data Scientist | 58,400 PHP | +130% |
| Financial Dealer and Broker | 33,200 PHP | +33% |
| Financial Director | 92,200 PHP | +270% |
| Financial Encoder | 26,500 PHP | +6% |
| Financial Manager | 89,800 PHP | +260% |
| Financial Modelling Analyst | 54,800 PHP | +120% |
| Financial Operations Manager | 76,300 PHP | +210% |
| Financial Policy Analyst | 48,800 PHP | +96% |
| Financial Project Manager | 61,800 PHP | +150% |
| Financial Quantitative Analyst | 50,400 PHP | +100% |
| Financial Reporting Consultant | 43,700 PHP | +76% |
| Financial Reporting Manager | 60,200 PHP | +140% |
| Financial Section Head | 58,100 PHP | +130% |
| Financial Services Manager | 79,400 PHP | +220% |
| Financial Services Sales Agent | 33,800 PHP | +36% |
| Financial Technology Consultant | 46,600 PHP | +87% |
| Financial Wellness Coach | 65,200 PHP | +160% |
| FinTech Analyst | 53,200 PHP | +110% |
| Fixed Assets Administrator | 31,100 PHP | +25% |
| Forensic Accountant | 35,800 PHP | +44% |
| Fraud Detection Supervisor | 39,000 PHP | +57% |
| Fraud Prevention Manager | 62,800 PHP | +150% |
| Fund Accountant | 28,600 PHP | +15% |
| Grants Coordinator | 22,700 PHP | -9% |
| Green Finance Analyst | 47,900 PHP | +92% |
| Group Financial Manager | 87,100 PHP | +250% |
| Internal Auditor | 40,400 PHP | +62% |
| Internal Control Adviser | 49,800 PHP | +100% |
| Internal Control Officer | 26,800 PHP | +8% |
| International Tax Director | 73,400 PHP | +190% |
| Inventory Accountant | 31,900 PHP | +28% |
| Investment Advisor | 85,800 PHP | +240% |
| Investment Analyst | 61,600 PHP | +150% |
| Investment Associate | 51,000 PHP | +100% |
| Investment Broker | 50,800 PHP | +100% |
| Investment Fund Manager | 65,900 PHP | +160% |
| Investment Operations Manager | 65,600 PHP | +160% |
| Investment Underwriter | 26,900 PHP | +8% |
| Investor | 40,800 PHP | +64% |
| Investor Relations Manager | 61,800 PHP | +150% |
| KYC Team Leader | 57,900 PHP | +130% |
| Loan Processor | 26,100 PHP | +5% |
| Management Accountant | 32,700 PHP | +31% |
| Management Economist | 71,500 PHP | +190% |
| Paymaster | 24,900 PHP | +0% |
| Payroll Administrator | 42,100 PHP | +69% |
| Payroll Benefits Coordinator | 34,500 PHP | +39% |
| Payroll Billing Manager | 55,500 PHP | +120% |
| Payroll Clerk | 27,100 PHP | +9% |
| Payroll Manager | 55,200 PHP | +120% |
| Payroll Officer | 25,700 PHP | +3% |
| Payroll Specialist | 32,900 PHP | +32% |
| Payroll Supervisor | 37,400 PHP | +50% |
| Pensions Administrator | 32,500 PHP | +31% |
| Personal Financial Advisor | 44,200 PHP | +78% |
| Pricing Analyst | 50,000 PHP | +100% |
| Private Equity Analyst | 51,700 PHP | +110% |
| Project Accountant | 31,800 PHP | +28% |
| Proposal Development Coordinator | 27,300 PHP | +10% |
| Quantitative Trader | 45,400 PHP | +82% |
| Receivables Accountant | 29,200 PHP | +17% |
| Regulatory Accountant | 32,600 PHP | +31% |
| Retirement Plan Analyst | 50,500 PHP | +100% |
| Revenue Management Specialist | 51,000 PHP | +100% |
| Revenue Recognition Analyst | 59,000 PHP | +140% |
| Risk Management Director | 76,500 PHP | +210% |
| Risk Management Supervisor | 61,200 PHP | +150% |
| Staff Accountant | 29,100 PHP | +17% |
| Tax Accountant | 27,700 PHP | +11% |
| Tax Administrator | 32,600 PHP | +31% |
| Tax Advisor | 44,600 PHP | +79% |
| Tax Analyst | 48,000 PHP | +93% |
| Tax Associate | 26,700 PHP | +7% |
| Tax Consultant | 48,600 PHP | +95% |
| Tax Director | 68,500 PHP | +180% |
| Tax Examiner | 31,400 PHP | +26% |
| Tax Manager | 61,400 PHP | +150% |
| Tax Research Manager | 59,600 PHP | +140% |
| Teller | 18,700 PHP | -25% |
| Treasury Accountant | 32,000 PHP | +29% |
| Treasury Analyst | 51,000 PHP | +100% |
| Underwriter | 21,000 PHP | -16% |
| Underwriting Assistant | 19,200 PHP | -23% |
| Vice President of Finance | 86,800 PHP | +250% |
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 Paymaster in Philippines?
A good and competitive compensation would range anywhere between 23,800 PHP and 27,400 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 Paymaster in Philippines ranges from 11,500 PHP to 19,200 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
