Salary or money may not be the only thing one looks for in a job, but it surely is one of the most important factors considered before accepting a job. So which position and work industries in the Philippines pay the highest?
Online recruitment site Jobstreet.com shared last year their list of the Top 10 Highest Paying Jobs In The Philippines. The list was determined by identifying the “average salary of all specializations per position level, based on salaries posted by employers” on the website during the first quarter of 2013.
Take note that the figures below are mere medians or averages, which means actual salaries in a particular industry may surely be higher or lower than the ones mentioned.
The list also considers only job vacancies posted by employers on the Jobstreet site, so it may not necessarily be exhaustive or 100% accurate. Nevertheless, it could give us an insight as to what the potentially lucrative jobs and functions are in the Philippines.
Here is Jobstreet.com’s list of the Top 10 Highest Paying Jobs in the Philippines based on number of years of work experience and/or managerial position. Take note that the salaries mentioned merely consider “basic salary” and do not include other forms of compensation such as leave credits, medical benefits, insurance, and incentives.
Do you agree with the list below?
Top 10 Best Paying Jobs for FRESH GRADUATES
|Rank||Peso Bond Fund||Jan-April 2020 Return||1-Year Return||3-Year Return||5-Year Return|
|1||Soldivo Bond Fund||5.50%||10.55%||3.38%||2.43%|
|2||Philam Bond Fund||2.52%||10.81%||3.59%||-0.11%|
|3||First Metro Save and Learn Fixed Income Fund||2.43%||7.09%||2.97%||5.11%|
|4||Ekklesia Mutual Fund||2.00%||4.97%||2.79%||2.19%|
|5||Philequity Peso Bond Fund||1.96%||6.72%||3.61%||1.75%|
|6||Cocolife Fixed Income Fund||1.65%||4.86%||5.15%||2.13%|
|7||Philam Managed Income Fund||1.57%||6.51%||3.61%||1.95%|
|8||ATRAM Corporate Bond Fund||1.40%||2.25%||0.91%||1.85%|
|9||ALFM Peso Bond Fund||1.28%||4.11%||3.02%||1.47%|
|10||Sun Life Prosperity GS Fund||1.26%||7.40%||4.03%||2.85%|
|11||Sun Life of Canada Prosperity Bond Fund||1.23%||7.60%||4.49%||2.47%|
According to Jobstreet Philippines, the average monthly salary of a fresh graduate (based on the list of jobs posted on their site) is P16,524. So if you are earning more than P16,524 you are already earning more than the average of your peers.
The top 5 highest paying positions or functions for recent graduates are in (1) Legal Services; (2) Corporate Strategy; (3) Personal Assistant; (4) Education; and (5) Real Estate — all paying a salary of at least P20,000 a month.
Top 10 Best Paying Jobs for those with 1-4 YEARS OF EXPERIENCE
|Rank||Dollar & Euro Bond Fund||Jan-April 2020 Return||1-Year Return||3-Year Return||5-Year Return|
|1||ALFM Dollar Bond Fund||-0.06%||2.88%||2.24%||2.38%|
|2||First Metro Save and Learn Dollar Bond Fund||-0.39%||1.58%||1.06%||0.96%|
|3||Sun Life Prosperity Dollar Abundance Fund||-0.60%||5.98%||2.11%||2.13%|
|4||Philam Dollar Bond Fund||-0.80%||5.01%||2.60%||2.17%|
|5||Philequity Dollar Income Fund||-1.23%||2.27%||1.47%||1.39%|
|6||ATRAM Total Return Dollar Bond Fund||-1.84%||1.42%||1.97%||1.80%|
|7||ALFM Euro Bond Fund||-2.69%||-1.03%||0.45%||0.56%|
|8||PAMI Global Bond Fund||-4.32%||-1.62%||-0.71%||-0.98%|
Engineering and IT positions requiring highly technical skills seem to provide the highest average monthly salary for those with one to four years of work experience.
Oil and Gas Engineers are paid an average of P40,878 per month, followed by Aircraft Maintenance crew earning P33,564 per month, while IT guys earn a monthly salary of P32,873.
Top 10 Best Paying Jobs for those with 5 YEARS OF EXPERIENCE AND ABOVE (SUPERVISORS)
|Rank||Peso Money Market Fund||Jan-April 2020 Return||1-Year Return||3-Year Return||5-Year Return|
|1||ALFM Money Market Fund||1.22%||3.79%||3.08%||2.32%|
|2||First Metro Save and Learn Money Market Fund||1.04%||2.70%||No data||No data|
|3||Sun Life Prosperity Money Market Fund||1.02%||3.34%||2.99%||2.52%|
For supervisory positions with at least 5 years work experience, the highest paying jobs are (1) Information Technology; (2) Engineer; (3) Database Administrator; (4) Tech Support; and (5) Actuarian.
Top 10 Best Paying Jobs for MANAGERS
|Rank||Dollar Money Market Fund||Jan-April 2020 Return||1-Year Return||3-Year Return||5-Year Return|
|1||Sun Life Prosperity Dollar Starter Fund||0.40%||1.65%||No data||No data|
Managers in the technical and engineering fields are paid a lot. Technical Support managers and Quality Assurance managers get an average of at least P100,000 salary per month.
Interestingly, members of Top Management (e.g., Division Heads or Vice Presidents) earn just an average of P81,348 per month, ranking 5th on the list, earning a little less than employees such as a Quantity Surveyor (P95,859 average monthly salary) or Oil and Gas Engineer (P86,416 average monthly salary).
Nurses round up the Top 10, earning a monthly average salary of P66,614.
Top 10 Best Paying Jobs for SENIOR MANAGERS
|Rank||Feeder Fund||Jan-April 2020 Return||1-Year Return||3-Year Return||5-Year Return|
|1||ALFM Global Multi-Asset Income Fund||-9.09%||No data||No data||No data|
The five highest paid Senior Managers are in (1) Quality Control; (2) Logistics; (3) IT; (4) Pharmacy; and (5) Legal Services.
After seeing how much salaries, on average, are offered by different jobs, would you say you’re financially happy with your current job?
Source: Jobstreet / Image Credits: Flickr