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As the world hurtles towards an uncertain future, Gen Z and Millennials are forging their own path in the ever-evolving job market, armed with unique skills, digital prowess, and an entrepreneurial mindset.
These tech-savvy cohorts are redefining career success, prioritising job satisfaction alongside financial gain, and shattering traditional notions of high-paying careers. In a landscape where innovation reigns supreme, they are seeking positions that offer not just lucrative salaries but also the opportunity to make a meaningful social impact.
Related: The future of work in Asia
The employment outlook in the Philippines presents diverse opportunities across industries, reinforcing the importance of agility and continuous learning for individuals seeking to thrive in the dynamic job market.
To help you make informed decisions on your next job search, we have compiled a list of the highest-paying jobs in the Philippines, derived from our 2023 Page Insights Salary Guide.
While the list features senior leadership roles, it will help job seekers identify sectors that can offer competitive salary packages at any point in their careers.
Related: Navigating hybrid work: Redefining traditional work patterns for success in the changing talent landscape
It is not surprising that executive positions are among the highest-paying jobs in the Philippines. A chief executive Officer (CEO) in Banking and Financial Services, and Fast Moving Consumer Goods (FMCG) and Retail can earn an annual salary of PHP13 million.
C-suite roles bring immense value to organizations through strategic leadership, vision and innovation, financial management, operational excellence, talent development, stakeholder management, risk management, governance, and change management. These executives are critical in driving the organization’s success, growth, and long-term sustainability.
Here are other yearly salaries of C-suite professionals:
Related: Why do I need to tell recruiters and employers my last-drawn salary when making a career move?
A managing director earns a yearly average of PHP8 million in Banking and Financial Services, and in FMCG and Retail.
A managing director is responsible for the successful leadership and management of a company’s business. They oversee all aspects of the company’s operations, people, and ventures to maintain and grow the business. It’s a role that requires strategic thinking, strong leadership, and the ability to make critical decisions that contribute to the organization’s success.
(Browse managing director roles.)
A finance director in FMCG and Retail earns an average of PHP7.3 million annually. The same role in Industrial and Manufacturing makes an annual average of PHP7.2 million, and PHP6.5 million in Digital - Fintech and E-Commerce, and Technology.
A finance director in the finance industry has a range of responsibilities related to financial management and analysis, such as budget analysis, compliance with legal policies, cash flow monitoring and internal conflict resolution. This position collaborates closely with the CFO to support financial decision-making and contributes to the overall financial strategy of the company.
(Browse all finance-related roles here.)
Related: 6 performance and career progression secrets they don’t teach you at school
A sales director can earn PHP7 million annually in Banking and Financial Services, PHP4.5 million in Industrial and Manufacturing, and PHP3.6 million in Digital - Fintech and E-Commerce, and Technology.
This position brings value to an organization by providing strategic leadership and direction to the sales team, driving revenue growth, and ensuring the achievement of sales targets. They are responsible for developing sales strategies, building and managing the sales team, identifying new business opportunities, fostering customer relationships, and optimising the sales process.
Their value may vary depending on the organizational structure and goals, such as geographic/territory focus, product/service specialisation, customer/account size, or industry/vertical expertise.
(Browse all sales-related roles here.)
A head of human resources (HR) working in FMCG and Retail can command PHP6.5 million annually. The same position in other industries, such as Digital - Fintech and E-Commerce, Technology, and Banking and Financial Services earn an annual average of PHP6 million.
There is a high demand for HR professionals with strategic mindsets and strong business acumen in the Philippines. No longer just an administrative support function, human resources management plays a vital role in fostering organizational success, especially during economic upturn and expansion, as evidenced by the significant remuneration it commands.
HR professionals need to have strong analytical skills, help identify problems in the corporation, develop and sustain employee engagement, retain talent and plan for the workforce’s future needs.
(Browse all HR-related roles here.)
Related: How HR needs to evolve to support the future of work
Heads of Technology (Applications) can expect to be well-compensated, taking home between PHP4.6 million in Banking and Financial Services, PHP5.5 million in Industrial and Manufacturing to PHP6.5 million in FMCG and Retail yearly.
Whether it is to help internal users streamline their work processes, or to reach out to customers with a dedicated app, app development is now a crucial aspect of many companies’ digitalization strategies.
(Browse all senior technology roles here.)
Related: Emerging tech roles to consider in 2023
A head of marketing or marketing director can bring home PHP6 million annually in Banking and Financial Services, FMCG and Retail, and Industrial and Manufacturing.
A marketing director or head of marketing works in a highly matrixed environment. It, therefore, needs a big-picture view of how various departments can work together to push out a coherent strategy for their campaigns.
Marketing teams are responsible for the company’s marketing and communications strategy to help increase brand awareness and craft a suitable brand image.
(Browse all marketing-related roles here.)
A head of talent acquisition earns an annual average of PHP6 million in Industrial and Manufacturing, and PHP4 million in Banking and Financial Services, Digital - Fintech and E-Commerce, and Technology.
The TA head plays a pivotal role in sourcing, attracting, and selecting top talent to support the organization's growth and success. By devising strategic talent acquisition plans, managing the recruitment process, and fostering a positive employer brand, they contribute significantly to building a strong and skilled workforce for the company’s future endeavors.
This position is vital in ensuring a company attracts and retains top talent to meet its staffing needs and achieve its business objectives. It’s important to note that the specific responsibilities and duties of a head of talent acquisition may vary depending on the size and industry of the organization. Nevertheless, the core objective remains the same – to attract and acquire top talent that contributes to the organization's success and growth.
(Browse talent acquisition roles.)
Heads of Data Analytics can earn an annual salary of PHP5.5 million in Banking and Financial Services, PHP4.2 million in Technology, and in Digital - Fintech and E-Commerce.
Data is now playing an outsized role in decision-making in sectors across the board. As such, outstanding data analysts are always in high demand. These professionals have a strong background in statistics, are conversant in programming languages, and bring rigour to data-driven decision-making.
Not only are data analysts expected to connect the dots when it comes to complex data sets, they must also possess the ability to articulate the results simply and clearly to other stakeholders in the business.
(Browse all roles related to data analytics here.)
A head of learning and development earns PHP5 million annually in Banking and Financial Services, Digital - Fintech and E-Commerce, and Technology.
The role of a head of learning and development involves overseeing and managing the learning and training programs for all employees within an organization, contributing to the overall success and competitiveness of the organization.
The L&D head works closely with HR, department heads, and other stakeholders to understand organizational needs and align learning programs with business objectives.
(Browse learning and development roles.)
Related: How to build a learning culture in your business
To get a comprehensive view of salaries and market benchmarks across various industries and roles in the Philippines, download the full 2024 Salary Guide, which features the average salary of roles in the Philippines' dynamic job market, or use our Salary Comparison Tool to see how your compensation compares to industry standards.
Disclaimer: Salaries can differ from one company to another, depending on your skills, knowledge, and experience.
Read more:How to attract talent in a candidate-short market12 ways to create work-life balance for employeesWorkplace flexibility a top priority for candidates: report
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