The Certified Public Accountant (CPA) designation is one of the most highly respected and sought-after credentials in the financial world. Earning a CPA license requires passing a challenging exam and completing a certain amount of work experience, so it’s no wonder that CPAs are usually rewarded with high salaries. But how much can you expect to earn as a CPA in the Philippines? Read on to find out.
Salary Ranges for CPAs in the Philippines
CPAs in the Philippines typically earn between PHP 30,000 and PHP 80,000 per month, with the median salary coming in at around PHP 50,000. Of course, your actual salary will depend on factors such as your employer, your location, your level of experience, and your educational background. For example, those who have obtained an internationally recognized CPA designation from the US or Canada can expect to earn on the higher end of the salary scale.
Factors that Affect CPA Salaries in the Philippines
In addition to the factors mentioned above, there are a few other factors that can affect how much CPAs earn in the Philippines. One of these factors is industry. Generally speaking, CPAs who work in industries such as banking and finance tend to earn more than those who work in other industries such as manufacturing or retail. Another factor that can affect CPA salaries is job function. Those who hold management positions or positions that require special skills such as auditing or taxation tend to earn more than those who perform more entry-level or administrative tasks.
If you’re thinking about becoming a CPA in the Philippines, you can rest assured that you’ll be handsomely rewarded for your efforts. With a median salary of PHP 50,000 per month, CPAs are among some of the highest-paid professionals in the country. Of course, your actual salary will depend on factors such as your employer, your location, your level of experience, and your educational background, but if you play your cards right, you can definitely enjoy a comfortable lifestyle as a CPA in the Philippines.