Accountant Salary in the Philippines [Latest: 2025]
You’re likely curious about the average salary for accountants in the Philippines. Well, you can expect to earn around PHP 717,351 annually. However, this amount varies greatly depending on factors like your education level, years of experience, and industry. As you gain more experience and certifications, your earning potential increases. Mid-level accountants earn around PHP 43,550 per month, while senior accountants with 8+ years of experience earn around PHP 893,573 annually. Want to know more about the salary ranges for different levels of accountants and how your skills can impact your paycheck?
Key Takeaways
- The average accountant salary in the Philippines is influenced by factors such as level of education, experience, and certifications.
- Junior accountants in the Philippines can expect a starting salary around PHP 33,000 per year, while senior accountants can earn up to PHP 893,573 annually.
- Certifications and specialized skills can significantly enhance earning potential, with certified accountants earning an average annual salary of PHP 717,351.
- Industry and location also play a significant role in determining salaries, with companies like Wishland Software Technology Inc. offering higher salaries than others.
- Mid-level accountants typically earn around PHP 43,550 per month, with stable income and a narrow salary range.
Average Accountant Salary in Philippines
Understanding the importance of your level of education is crucial when determining your salary as an accountant in the Philippines.
This average salary serves as a reference point for professionals in the field, highlighting the significance of furthering your education to potentially increase your earnings.
By gaining experience and obtaining additional qualifications, you can enhance your earning potential and advance along the salary trajectory.
Keep in mind that this average salary is just a starting point, and your career progression will be influenced by your expertise, experience, and commitment to continuous learning.
Factors Affecting Accountant Salaries
As you explore the factors influencing accountant salaries in the Philippines, you’ll notice that industry and location play a significant role in determining your pay.
Your level of experience also comes into play, as more years of experience typically translate to higher salaries.
Additionally, certifications and specialized skills can give you an edge when it comes to salary negotiations.
Industry and Location
Your salary as an accountant in the Philippines can vary greatly depending on the industry you’re in and where you’re based. For instance, top companies like Wishland Software Technology Inc. offer a salary of ₱75,882 per month, while others like Evergreen Lifeplan Services Inc. in Pasig offer competitive pay.
The average base salary for accountants in the Philippines is ₱30,050 per month, but this can vary depending on the location and industry. Different companies offer varying salary trajectories, such as TOA Global’s ₱144,263 and IQ-EQ’s ₱135,214 per month.
Level of Experience
With each passing year, your salary as an accountant in the Philippines is likely to increase, with experience playing an important role in determining your earning potential.
As you gain more experience, your Accountant Salary is expected to rise. For instance, entry-level accountants with 1-3 years of experience earn an average salary of ₱517,448. In contrast, senior-level accountants with 8+ years of experience can expect to earn around ₱893,573 annually.
The level of experience greatly impacts your salary, with a notable increase from ₱435,550 for Accountant roles to ₱541,667 for Senior Accountant positions.
As you progress in your career, your average salary will likely increase, making experience an important factor in determining your Accountant Salary in the Philippines.
Certifications and Skills
Certifications and specialized skills greatly enhance your earning potential as an accountant in the Philippines. Having a CPA or CMA certification can substantially boost your average base salary. Additionally, skills like financial analysis, budgeting, and audit preparation can also impact your salary.
If you’re proficient in accounting software like QuickBooks or SAP, you can command a higher salary. Staying updated on industry trends and developing specialized skills like tax planning, forensic accounting, or risk management can further increase your earning potential.
Salary Range for Junior Accountants
As you start your accounting career, you can expect a salary range that typically begins at around PHP 33,000 per year. But how much does an Accountant make per month in Philippines? Breaking it down, that’s roughly PHP 2,750 per month.
As you gain more experience, your salary can increase considerably. With 1-3 years of experience, you can expect an average entry-level salary of around PHP 51,748 per year, which is approximately PHP 4,312 per month.
This is just the starting point, and your salary trajectory can grow as you develop your skills and expertise. By continually improving your skills and knowledge, you can increase your earning potential and open up opportunities for promotions and higher-paying jobs.
Mid-Level Accountant Salary Range
You can expect to earn around PHP 43,550 per month as a mid-level accountant in the Philippines, a significant increase from the entry-level salary range. As you gain more experience and skills, your salary will continue to rise.
Here are some key takeaways about mid-level accountant salaries in the Philippines:
- Stable income: Mid-level accountants can expect a stable income, with a narrow salary range that reflects their growing expertise.
- Increased earning potential: With more experience, you can expect to earn higher salaries, potentially exceeding PHP 50,000 per month.
- Room for growth: The salary trajectory for accountants shows an increase in pay with more years of experience, giving you room to grow and advance in your career.
Senior Accountant Salary Expectations
When contemplating a senior accountant role in the Philippines, you’re likely wondering what salary expectations are reasonable.
Your experience and qualifications will play a significant role in determining your earning potential, but it’s also important to take into account the industry and location you’re in.
These factors will help shape your senior accountant salary expectations.
Experience and Qualifications
With 8+ years of experience, senior accountants in the Philippines can expect an average salary of around PHP 893,573, reflecting the substantial impact of experience on salary expectations. As you gain more experience, your salary trajectory increases notably, with higher levels of experience correlating with higher pay.
Here are some key factors that contribute to higher salary expectations for senior accountants:
- Advanced qualifications: Senior accountants typically have a strong background in accounting, finance, and related fields, which contributes to their higher salary potential.
- Increased responsibilities: With more experience, senior accountants take on more complex tasks and responsibilities, justifying higher salaries.
- Expertise and specialization: As you gain experience, you develop expertise in specific areas of accounting, making you more valuable to employers and commanding higher salaries.
Industry and Location
Different industries and locations in the Philippines offer varying salary ranges for senior accountants, and understanding these variations is essential in negotiating a competitive salary.
You’ll find top companies like TOA Global offering around PHP 44,263 per year for senior accountants. IQ-EQ and Emapta Versatile Services also provide competitive salaries, ranging from PHP 35,214 to PHP 43,048.
On the other hand, SGV & Co. and Accenture offer lower salaries, ranging from PHP 21,830 to PHP 29,891. Keep in mind that these figures are averages, and your actual salary will depend on your experience, qualifications, and the specific industry you’re in.
As a senior accountant, you can expect a competitive salary trajectory compared to other accounting positions, with an average salary of around PHP 893,573 per year.
Top Companies for Accountants in Philippines
If you’re an accountant looking for a lucrative career, you may want to explore opportunities with these top companies in the Philippines that offer some of the highest salaries in the industry.
Here are a few of the top companies for accountants in the Philippines:
- Wishland Software Technology Inc.: Offers an average monthly salary of PHP 75,882
- Support Shepherd: Provides an average monthly salary of PHP 63,829
- Boomering Inc.: Offers an average monthly salary of PHP 52,780
These companies provide competitive salaries and a promising career path for accountants in the Philippines. Working with these top companies can lead to higher salaries and better job opportunities.
Highest Paying Jobs for Accountants
As an accountant in the Philippines, you can land jobs that offer much higher pay than the average salary, with some roles reaching up to PHP 764,000 per year. This is notably higher than the average base salary of around PHP 30,050 per month.
You can increase your salary by switching employers, advancing your education, and gaining more management experience. Top companies like Wishland Software Technology Inc., Support Shepherd, and Boomering Inc. offer high-paying jobs for accountants.
You can also explore roles like Senior Accountants, GL Accountants, Revenue Specialists, and Management Consulting positions, which are known to offer higher salaries. By targeting these opportunities, you can boost your earning potential and enjoy a more lucrative career as an accountant in the Philippines.
Salary Comparison to Similar Professions
As you explore the salary landscape for accountants in the Philippines, you’re probably wondering how their earnings compare to those in similar professions.
You might be surprised to find that accountants often outearn internal auditors, revenue specialists, and management consultants.
Let’s take a closer look at how accountant salaries stack up against those of financial analysts, auditors, and management accountants.
Financial Analyst Comparison
As you explore the world of finance, you may wonder how accountants stack up against financial analysts.
One similar profession that often draws comparisons to accountants is financial analysts, who earn around PHP 51,000 per month, roughly PHP 7,450 more than the average accountant’s salary.
Here are some key differences to take into account:
- Focus: Accountants focus on financial transactions and applying accounting principles, while financial analysts analyze financial data to provide insights for decision-making.
- Skills: Both roles require strong analytical skills, but financial analysts may focus more on forecasting, budgeting, and investment analysis.
- Responsibilities: Accountants deal with recording and reporting financial information, while financial analysts analyze data to guide strategic financial decisions in organizations.
These distinctions can help you decide which career path aligns better with your skills and interests.
Auditor Salary Range
You’re likely wondering how auditors’ salaries compare to those of accountants and other similar professions in the Philippines. As it turns out, internal audit positions and revenue specialist roles offer competitive salary expectations for accountants in the Philippines.
While the average salary for accountants is around PHP 43,550 per month, senior accountants can earn up to PHP 54,167 per month. Entry-level accountants with 1-3 years of experience typically earn around PHP 51,748 per month.
With experience, auditors can expect a salary range similar to that of senior accountants, with the possibility of earning up to PHP 893,573 annually. Overall, auditors’ salaries are comparable to those of accountants, with opportunities for growth and advancement.
Management Accountant Pay
Management accountants, who oversee financial planning and budgeting, earn considerably more than auditors and accountants, with an average annual salary of PHP 717,351. As a management accountant, you’ll likely have a bachelor’s degree in Accounting, which is the educational background of 62% of professionals in this role. Your skills in accounting analysis, data analysis, and report preparation will be valuable assets.
Here’s how your salary compares to similar professions:
- PHP 517,448: Average annual salary for entry-level management accountants with 1-3 years of experience.
- PHP 893,573: Average annual salary for senior-level management accountants with 8+ years of experience.
- PHP 808,849: Projected average annual salary for management accountants in 2029, with a 13% increase in the next 5 years.
Average Salary for Certified Accountants
How much can you expect to earn as a certified accountant in the Philippines?
On average, you can expect a yearly salary of around PHP 717,351.
If you’re just starting out with 1-3 years of experience, your annual salary will be around PHP 517,448.
As you gain more experience, your salary will increase.
With 8+ years of experience, you can earn up to PHP 893,573 per year.
Your hourly rate will be approximately PHP 344.88.
Additionally, you can receive an average bonus of PHP 25,107 as part of your compensation package.
These figures are based on national averages, and your actual salary may vary depending on factors like location, industry, and employer.
Salary Trajectory for Accountants
Your salary as an accountant in the Philippines can differ greatly depending on factors like company, experience, and industry, with the average monthly salary ranging from PHP 43,048 to PHP 54,167.
As you progress in your career, you can expect your salary to increase. Here’s a snapshot of what you can expect:
- Entry-level: You can start with an average salary of around PHP 43,048 per month, as offered by Emapta Versatile Services.
- Mid-level: With experience, your salary can jump to around PHP 44,263 per month, as offered by TOA Global.
- Senior-level: As a senior accountant, you can earn an average salary of PHP 54,167 per month.
Keep in mind that these figures are based on data from specific companies and may vary depending on your employer and industry.
Related Job Titles and Salaries
As you explore career opportunities in accounting, you’ll find that various job titles come with distinct salary ranges, such as Accounting Assistant, Internal Audit, and Revenue Specialist positions.
You might also consider roles like GL Accountant, Management Consulting, or Senior Auditor, each with its own salary expectations. For instance, Senior Auditors and Management Consultants can earn around ₱151,000 to ₱189,000.
Meanwhile, Internal Auditors and Revenue Specialists typically earn lower salaries. Keep in mind that salaries can vary greatly depending on the company and industry.
Researching top companies like Wishland Software Technology Inc. and EMAPTA can give you a better idea of the salary ranges for specific job titles.
Cities With Highest Accountant Salaries
In the Philippines, you can command the highest accountant salaries in cities like Makati and Taguig, where average monthly rates exceed ₱150,000. These cities offer the most lucrative opportunities for accountants, providing a high standard of living.
Here are the top cities for accountant salaries in the Philippines:
- Makati and Taguig: ₱150,000+ per month
- Quezon City and Pasig: ₱140,000 – ₱145,000 per month
- Manila and Cebu City: ₱135,000 – ₱140,000 per month
When exploring job opportunities in the Philippines, consider these cities to maximize your earning potential.
Net Salary and Deductions Explained
You’ll need to take into account that your gross salary won’t be the same as your take-home pay, since various deductions will be made.
As an accountant in the Philippines, you’ll face income tax rates ranging from 0% to 35%, which will impact your net salary.
Additionally, you’ll need to factor in Social Security contributions, which can range from 1% to 12% of your salary.
You’ll also have to keep in mind health insurance contributions, typically around 2.75%, as well as deductions for PhilHealth and Pag-IBIG Fund.
After all these deductions, your net salary will be calculated. Understanding these deductions is crucial to get an accurate picture of your take-home pay.
Conclusion
As you navigate the world of accounting in the Philippines, remember that your salary growth is closely tied to your experience and skills.
Did you know that accountants in the Philippines with 5-10 years of experience can earn up to ₱60,000 per month, a whopping 50% increase from their junior counterparts?
This staggering statistic highlights the importance of continuous learning and professional development in the field.
