How much is the accountant salary for different positions in the Philippines?
According to the information on the Indeed website, accountants in the Philippines earn an average monthly salary of ₱31,012. This figure is based on 4,700 salary reports and was last updated on January 12, 2025.
Are you excited to know more about accountant’s salaries in the Philippines?
Keep reading because this article has been crafted to provide you with the information you need!
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According to the Budget Circular from the Department of Budget and Management (DBM), the salaries for Accountants are outlined in the following table:
| POSITION | SALARY GRADE | SALARY AMOUNT |
|---|---|---|
| Accountant I | 12 | Php 32,245 |
| Accountant II | 16 | Php 43,560 |
| Accountant III | 19 | Php 56,390 |
| Accountant IV | 22 | Php 78,162 |
| Chief Accountant | 24 | Php 98,185 |
| Accounting Analyst | 11 | Php 30,024 |
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Highest Paying Cities for Accountants in the Philippines
| City | Average Monthly Salary |
|---|---|
| Angeles | Php 40,562 |
| Clark Freeport Zone | Php 38,107 |
| Cebu | Php 37,323 |
| Pasig | Php 36,953 |
| Manila | Php 36,493 |
| Taguig | Php 33,658 |
| Makati | Php 31,402 |
| Mandaluyong | Php 29,518 |
| Quezon City | Php 29,434 |
Please note that the salaries shown in the table may vary based on the calendar year and change over time.
If you want to compare salaries in different parts of the Philippines, the table shows the average salary of accountants in some of the country’s cities (according to the Indeed website).
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Salary Comparison for Accountants Based on Years of Experience and Education
The degree of experience and education are the two key elements in determining salary.
The expected salary for an accountant increases with both experience and education. It’s critical to comprehend the hiring criteria used by employers.
Accountants’ Salary Based on Years of Experience:
| Years of Experience | Salary |
|---|---|
| < 2 years | Php 16,200 |
| 2 to 5 years | Php 21,700 |
| 5 to 10 years | Php 32,100 |
| 10 to 15 years | Php 39,100 |
| 15 to 20 years | Php 42,600 |
| 20+ years | Php 46,100 |
The chart shows that accountants with two to five years of work experience make about 34% more money than those with under two years.
If you have five to ten years of experience, you earn 48% more than someone with two to five years.
Accountants who have worked ten to fifteen years make 22% more than those with five to ten years of experience.
Having fifteen to twenty years of experience means you can make 9% more than someone with ten to fifteen years.
And if you have more than twenty years of experience, you’ll make 8% more than someone with fifteen to twenty years.
In the Philippines, a new accountant’s salary can double after ten years, though the increase may vary for different individuals.
Salaries also depend on factors like the calendar year, location, and changes over time.
Higher education raises salaries, but how much more can a degree increase your take-home pay? The following table displays the level of education and salary.
Accountants’ Salaries Based on Education:
| Level of Education | Salary |
|---|---|
| High School | Php 19,900 |
| Certificate or Diploma | Php 23,400 |
| Bachelor’s Degree | Php 34,000 |
| Master’s Degree | Php 44,500 |
An accountant who finished high school makes about Php 19,900 a month on average.
If they have a Certificate or Diploma, they make Php 23,400 a month, which is 18% more than if they just finished high school.
Someone with a Bachelor’s Degree makes about Php 34,000 a month, 45% more than someone with a Certificate or Diploma.
If an accountant has a Master’s Degree, they earn about Php 44,500 a month, which is 31% more than someone with a Bachelor’s Degree.
The starting pay for an accountant in the Philippines is between Php 28,000 and Php 38,000. A junior accountant makes around Php 22,318, while a senior accountant earns about Php 44,187.
A new graduate starting out in accounting with no work experience can expect to earn Php 15,700.
Overall, accountants, whether they are just starting or have been working for a while, tend to earn quite a bit more than many other professionals.
Please note that salaries may vary based on the calendar year, location, and changes over time.
Ways Certified Public Accountants Can Increase Their Salaries
Advanced degrees can help accountants qualify for promotions. With a solid mix of accounting knowledge and ongoing education, CPAs can explore specialized roles such as:
- Budget Analyst
- Auditor
- Controller
- Tax Accountant
- Corporate Financial Officer
Additionally, gaining experience in managing junior CPAs can further boost your income.
Conclusion
Accountants in the Philippines have various opportunities to increase their salaries, depending on factors like their location, years of experience, and level of education.
Salaries can significantly differ from entry-level positions to senior roles. Additionally, obtaining higher education or specialized certifications, like becoming a Certified Public Accountant (CPA), can further boost an accountant’s income.
With the right combination of experience, education, and certification, accountants can achieve rewarding salaries and advance in their careers.
References
- Accountant Salary in the Philippines. (n.d.). Ph.indeed.com. https://ph.indeed.com/-career/accountant/salaries
- Budget Circular No. 2022-2. (2023, August 25). Dbm.gov.ph. https://www.dbm.gov.ph/index.php/-budget-releases/174-budget-circular-no-2022-2
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