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Banking Average Salaries in Cebu 2026

How much money does a person working in Banking make in Cebu?


Average Monthly Salary
55,400 PHP
( 665,000 PHP yearly)

LOW
17,300
PHP AVERAGE
55,400
PHP HIGH
113,000
PHP
All salary figures displayed here are per month except when noted otherwise.
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.

A person working in Banking in Cebu typically earns around 55,400 PHP. Salaries range from 17,300 PHP (lowest average) to 113,000 PHP (highest average, actual maximum salary is higher).


Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Banking domain in Cebu exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Banking
AML Analyst73,900 PHP
Assistant Bank Branch Manager62,800 PHP
Assistant Bank Manager81,900 PHP
ATM Manager68,100 PHP
ATM Service Technician20,400 PHP
Bank Accounts Analyst29,200 PHP
Bank Accounts Collector17,000 PHP
Bank Accounts Controller36,900 PHP
Bank Accounts Executive54,000 PHP
Bank Accounts Manager61,700 PHP
Bank Auditing Manager64,900 PHP
Bank Branch Manager86,900 PHP
Bank Branch Operations Coordinator38,600 PHP
Bank Clerk16,600 PHP
Bank Client Service Associate22,800 PHP
Bank Collector16,700 PHP
Bank Compliance Specialist44,700 PHP
Bank Manager103,000 PHP
Bank Operational Risk Manager105,000 PHP
Bank Operations Head109,000 PHP
Bank Operations Officer40,000 PHP
Bank Operations Specialist63,700 PHP
Bank Process Manager59,000 PHP
Bank Product Manager 68,200 PHP
Bank Programme Manager68,500 PHP
Bank Project Manager80,200 PHP
Bank Propositions Manager72,100 PHP
Bank Quantitative Analyst49,800 PHP
Bank Regional Manager105,000 PHP
Bank Regional Risk Officer51,700 PHP
Bank Relationship Manager75,900 PHP
Bank Relationship Officer34,800 PHP
Bank Sustainability Analyst61,400 PHP
Bank Teller18,600 PHP
Banker35,500 PHP
Banking Business Analyst54,200 PHP
Banking Business Development Officer34,700 PHP
Banking Business Planning Executive76,400 PHP
Banking Data Analyst62,100 PHP
Banking Product Manager68,600 PHP
Banking Reference Data Manager55,600 PHP
Banking Regulatory Compliance Officer62,800 PHP
Banking Risk Analyst52,500 PHP
Banking Technical Analyst29,000 PHP
Bankruptcy Coordinator37,300 PHP
Bill and Account Collector18,900 PHP
Blockchain Analyst43,600 PHP
Blockchain Architect55,100 PHP
Blockchain Auditor48,100 PHP
Blockchain Compliance Analyst49,000 PHP
Blockchain Consultant50,600 PHP
Blockchain Trade Facilitator44,900 PHP
Budget Analyst50,900 PHP
Capital Risk Manager98,700 PHP
Cards Marketing Manager69,000 PHP
Cash Management Manager95,400 PHP
Check Processing Manager69,500 PHP
Chief Blockchain Officer61,400 PHP
Commercial Vault Associate54,000 PHP
Corporate Banker39,400 PHP
Corporate Dealer52,800 PHP
Credit Analyst39,800 PHP
Credit and Collections Manager75,300 PHP
Credit Card Fraud Investigator56,900 PHP
Credit Portfolio Manager98,700 PHP
Credit Risk Analyst61,500 PHP
Credit Risk Associate57,600 PHP
Cryptocurrency Accountant33,900 PHP
Cryptocurrency Adviser64,900 PHP
Cryptocurrency Analyst47,900 PHP
Cryptocurrency Compliance Manager58,500 PHP
Cryptocurrency Trader57,100 PHP
Digital Banking Manager69,800 PHP
Digital Currency Analyst52,400 PHP
Direct Bank Sales Representative38,400 PHP
Exchange Control Consultant57,500 PHP
Executive Account Analyst50,100 PHP
Financial Bank Planning Consultant65,700 PHP
Financial Banking Analysis Manager77,400 PHP
Financial Banking Assistant24,700 PHP
Financial Banking Systems Manager69,500 PHP
Foreign Exchange Manager81,000 PHP
Fraud Analyst55,400 PHP
Fraud Detection Associate39,500 PHP
Fraud Detection Manager80,500 PHP
Fraud Detection Supervisor47,100 PHP
Internal Bank Audit Manager95,200 PHP
Internal Bank Auditor49,900 PHP
Internal Private Banker38,400 PHP
International Banking Manager104,000 PHP
Investment Banking Analyst78,300 PHP
Loan Analyst51,700 PHP
Loan Area Manager64,500 PHP
Loan Audit Team Leader60,400 PHP
Loan Branch Manager58,900 PHP
Loan Business Development Officer31,300 PHP
Loan Clerk18,000 PHP
Loan Collection and Recovery Manager65,300 PHP
Loan Collection Manager66,300 PHP
Loan Collector17,600 PHP
Loan Examiner23,100 PHP
Loan Officer20,800 PHP
Loan Processing Manager56,100 PHP
Loan Processor23,100 PHP
Loan Quality Assurance Auditor56,400 PHP
Loan Quality Assurance Manager61,900 PHP
Loan Quality Assurance Representative40,600 PHP
Loan Review Manager60,400 PHP
Loan Team Leader53,200 PHP
Loans Manager73,500 PHP
Mortgage Advisor36,000 PHP
Mortgage Collection Manager59,800 PHP
Mortgage Collector18,200 PHP
Mortgage Credit Analyst29,100 PHP
Mortgage Credit Manager60,300 PHP
Mortgage Development Manager68,100 PHP
Mortgage Document Reviewer22,800 PHP
Mortgage Funding Manager66,700 PHP
Mortgage Operations Manager91,500 PHP
Mortgage Payment Processing Clerk19,900 PHP
Mortgage Processing Manager58,100 PHP
Mortgage Processor24,900 PHP
Mortgage Quality Assurance Auditor50,700 PHP
Mortgage Quality Assurance Manager63,100 PHP
Mortgage Servicing Clerk18,900 PHP
Mortgage Servicing Manager59,300 PHP
Mortgage Underwriter23,200 PHP
Online Banking Manager96,100 PHP
Open Banking Strategist55,100 PHP
Payment Processing Clerk19,300 PHP
Personal Banker37,400 PHP
Personal Banking Advisor 39,900 PHP
Phone Banker25,100 PHP
Private Banker38,800 PHP
Reconciliation and Investigation Specialist45,000 PHP
Tax Officer33,000 PHP
Teller17,500 PHP
Trade Officer21,300 PHP
Trade Product Manager60,100 PHP
Trader27,400 PHP
Treasury Operations Officer49,000 PHP
Wealth Management Advisor81,000 PHP

Banking Jobs Pay Scale and Salaries in Cebu

Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.

  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Banking in Cebu range from 17,300 PHP (starting average salary) to 113,000 PHP (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Banking is 48,200 PHP, implying that half of the workforce in Cebu earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Banking in Cebu earn less than 36,000 PHP, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 59,300 PHP, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Banking in Cebu. The analysis revealed that roughly 65% of all reported salaries fell within the range of 24,200 PHP to 44,700 PHP. Approximately 20% of salaries were below the 24,200 PHP mark, while 10% ranged from 44,700 PHP to 53,900 PHP. Only 5% of individuals earned a gross salary of 53,900 PHP or higher.


Median and salary distribution Cebu Banking

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level

The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage.

Generally speaking, employees in Banking in Cebu having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
“ On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark. ”
* Based on the average change in salary over time. Salary variations differ from person to person.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income?

We compared the salaries of professionals at the same level but with different college degree levels across many jobs in Banking in Cebu, below are our findings.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a certificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


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.

Employees can't expect any salary increases during the study period, assuming they 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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.

Salary and Compensation Comparison By Gender / Banking / Cebu

Salary comparison by gender Cebu Banking

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? In the field of Banking in Philippines, the average difference between the salary of male and female employees is 15%.

Male
52,100 PHP
Female-13%
45,400 PHP
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage / Banking / Cebu

How much are annual salary increments in Cebu for individuals working in Banking? How often do employees get salary raises?

Professionals working in Banking in Philippines are likely to observe a salary increase of approximately 10% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.

Annual Salary Increment Rate Cebu Banking

The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

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

“The average salary increase in one year (12 months) in Philippines is 5%.”

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment

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 / Banking / Philippines

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Cebu Banking

20% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 80% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
80%
No Bonus
20%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, 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 Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These 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 GeneratorsSupporting 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:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


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.

“Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.”

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.

Hourly Average Wage / Banking / Cebu


320 PHP per hour

The average hourly wage (pay per hour) in Banking in Cebu is 320 PHP.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

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 in Banking in Cebu is 100 PHP. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary Comparison By City

CityAverage Salary
Antipolo53,500 PHP
Cagayan de Oro51,800 PHP
Cebu55,400 PHP
Dasmarinas46,800 PHP
Davao57,400 PHP
Kalookan56,300 PHP
Las Pinas48,900 PHP
Makati47,900 PHP
Manila58,200 PHP
Paranaque50,800 PHP
Pasig52,600 PHP
Quezon City59,200 PHP
Taguig54,600 PHP
Valenzuela49,700 PHP

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
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary in Banking in Cebu?

A good and competitive compensation would range anywhere between 48,200 PHP and 59,300 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 jobs in Banking in Cebu ranges from 17,300 PHP to 36,000 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.

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