Average Assistant Bank Manager Salary in Philippines for 2024

In this article, we will look at the average Assistant Bank Manager salary for 2024 in Philippines and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Philippine peso. To keep things simple, we are using the PHP currency code instead of the currency symbol โ‚ฑ.

How Much Does an Assistant Bank Manager Make in Philippines?

An Assistant Bank Manager working in Philippines will typically earn around 888,400 PHP per year, and this can range from the lowest average salary of about 409,000 PHP to the highest average salary of 1,417,600 PHP.

Average Annual Salary
888,400 PHP
Average Monthly Salary
74,033 PHP

Lowest Annual Salary
409,000 PHP
Lowest Monthly Salary
34,083 PHP

Highest Annual Salary
1,417,600 PHP
Highest Monthly Salary
118,133 PHP

These are average salaries for an Assistant Bank Manager in Philippines and include benefits such as housing and transport. It's also possible for an Assistant Bank Manager to earn more or less than the average salaries shown above.

Assistant Bank Manager salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Assistant Bank Manager Salaries in Philippines

So we've looked at the average salaries an Assistant Bank Manager will earn in Philippines. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Assistant Bank Manager can earn between 409,000 PHP and 1,417,600 PHP on average in Philippines. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for an Assistant Bank Manager in Philippines is 960,900 PHP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 960,900 PHP, and 50% of the population earn more than 960,900 PHP.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Assistant Bank Manager salary in Philippines, 25% of the population are earning less than 615,700 PHP while 75% of the population earn more than 615,700 PHP.

75% of the population earn less than 1,283,600 PHP, and 25% of the population earn more than 1,283,600 PHP.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Assistant Bank Manager Salary by Experience Level in Philippines

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average assistant bank manager salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. An Assistant Bank Manager in Philippines that has less than two years of experience can expect to earn somewhere in the region of 466,300 PHP.
  • 2 - 5 Years Experience. With two to five years of experience the average Assistant Bank Manager salary would increase to 619,000 PHP.
  • 5 - 10 Years Experience. From five to ten years of experience as an Assistant Bank Manager, the average salary would be 917,200 PHP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,114,700 PHP.
  • 15 - 20 Years Experience. An Assistant Bank Manager with 15 to 20 years of experience can earn an average of 1,212,800 PHP.
  • 20+ Years Experience. For an Assistant Bank Manager with more than 20 years, the expected average salary increases to 1,320,500 PHP.

Average Salary by Experience Chart

0-2 Years
466,300 PHP
2-5 Years +34%
619,000 PHP
5-10 Years +48%
917,200 PHP
10-15 Years +22%
1,114,700 PHP
15-20 Years +9%
1,212,800 PHP
20+ Years +8%
1,320,500 PHP

Assistant Bank Manager Salary by Education Level in Philippines

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for an Assistant Bank Manager in Philippines based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. An Assistant Bank Manager in Philippines with a bachelor's degree education can earn an average salary of 539,800 PHP.

  • Master's Degree. An Assistant Bank Manager in Philippines with a master's degree education can earn an average salary of 1,041,900 PHP.

Average Salary by Education Chart

Bachelor's Degree
539,800 PHP
Master's Degree +93%
1,041,900 PHP

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Philippines is around 223,000 to 669,000 PHP and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Assistant Bank Manager Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Philippines, a male assistant bank manager will earn an average of 948,300 PHP, while a female assistant bank manager will earn around 828,400 PHP.

This means that a male assistant bank manager earns approximately 14% more than a female assistant bank manager for performing the same job.

Average Salary by Gender Chart in Philippines

Male
948,300 PHP
Female -14%
828,400 PHP

Assistant Bank Manager Average Pay Raise in Philippines

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for an Assistant Bank Manager in Philippines is around 13% every 18 months.

The national average pay raise across all professions and industries in Philippines is around 8% every 18 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 13 ÷ 18 ) × 12  = 9%

What this means is that an Assistant Bank Manager in Philippines can expect to receive an average pay raise of around 9% every 12 months.

Annual Pay Raise by Industry in Philippines for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Philippines.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

Assistant Bank Manager Bonus and Incentive Rates in Philippines

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

An Assistant Bank Manager is a moderate bonus based job, with 59% of employees reporting at least one bonus in the last 12 months.

41% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 2% to 7%.

Received Bonus
59%
No Bonus
41%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Philippines earn approximately 12% more than private sector employees in the same role.

Public Sector
563,300 PHP
Private Sector -12%
504,300 PHP

Salaries for Jobs Similar to an Assistant Bank Manager

In the table below, we have salary information for jobs that are similar to an Assistant Bank Manager in Philippines.

Job Title Category Salary
AML Analyst Banking 814,100 PHP
Assistant Bank Branch Manager Banking 693,100 PHP
ATM Manager Banking 727,100 PHP
ATM Service Technician Banking 215,100 PHP
Bank Accounts Analyst Banking 313,700 PHP
Bank Accounts Collector Banking 192,600 PHP
Bank Accounts Controller Banking 378,300 PHP
Bank Accounts Executive Banking 600,000 PHP
Bank Accounts Manager Banking 679,200 PHP
Bank Auditing Manager Banking 675,200 PHP
Bank Branch Manager Banking 972,200 PHP
Bank Branch Operations Coordinator Banking 431,100 PHP
Bank Clerk Banking 187,500 PHP
Bank Client Service Associate Banking 243,000 PHP
Bank Collector Banking 180,300 PHP
Bank Compliance Specialist Banking 492,700 PHP
Bank Manager Banking 1,144,400 PHP
Bank Operational Risk Manager Banking 1,064,100 PHP
Bank Operations Head Banking 1,124,200 PHP
Bank Operations Officer Banking 430,500 PHP
Bank Operations Specialist Banking 694,700 PHP
Bank Process Manager Banking 587,800 PHP
Bank Product Manager Banking 695,200 PHP
Bank Programme Manager Banking 754,900 PHP
Bank Project Manager Banking 903,500 PHP
Bank Propositions Manager Banking 824,800 PHP
Bank Quantitative Analyst Banking 529,600 PHP
Bank Regional Manager Banking 1,087,500 PHP
Bank Regional Risk Officer Banking 563,000 PHP
Bank Relationship Manager Banking 854,300 PHP
Bank Relationship Officer Banking 359,900 PHP
Bank Teller Banking 191,600 PHP
Banker Banking 377,200 PHP
Banking Business Analyst Banking 580,600 PHP
Banking Business Development Officer Banking 366,200 PHP
Banking Business Planning Executive Banking 785,400 PHP
Banking Product Manager Banking 694,700 PHP
Banking Reference Data Manager Banking 596,100 PHP
Banking Risk Analyst Banking 562,600 PHP
Banking Technical Analyst Banking 315,700 PHP
Bankruptcy Coordinator Banking 401,300 PHP
Bill and Account Collector Banking 197,600 PHP
Budget Analyst Banking 553,800 PHP
Capital Risk Manager Banking 1,110,500 PHP
Cards Marketing Manager Banking 744,600 PHP
Cash Management Manager Banking 993,600 PHP
Check Processing Manager Banking 714,300 PHP
Commercial Vault Associate Banking 581,000 PHP
Corporate Banker Banking 411,400 PHP
Corporate Dealer Banking 576,500 PHP
Credit Analyst Banking 433,400 PHP
Credit and Collections Manager Banking 810,400 PHP
Credit Card Fraud Investigator Banking 602,700 PHP
Credit Portfolio Manager Banking 1,062,500 PHP
Credit Risk Analyst Banking 615,000 PHP
Credit Risk Associate Banking 626,800 PHP
Direct Bank Sales Representative Banking 399,900 PHP
Exchange Control Consultant Banking 610,100 PHP
Executive Account Analyst Banking 559,000 PHP
Financial Bank Planning Consultant Banking 713,900 PHP
Financial Banking Analysis Manager Banking 868,400 PHP
Financial Banking Assistant Banking 275,200 PHP
Financial Banking Systems Manager Banking 756,700 PHP
Foreign Exchange Manager Banking 870,700 PHP
Fraud Analyst Banking 588,500 PHP
Fraud Detection Associate Banking 421,400 PHP
Fraud Detection Manager Banking 854,300 PHP
Fraud Detection Supervisor Banking 492,400 PHP
Internal Bank Audit Manager Banking 1,070,600 PHP
Internal Bank Auditor Banking 553,800 PHP
Internal Private Banker Banking 406,300 PHP
International Banking Manager Banking 1,134,100 PHP
Investment Banking Analyst Banking 816,000 PHP
Loan Analyst Banking 548,800 PHP
Loan Area Manager Banking 693,100 PHP
Loan Audit Team Leader Banking 646,600 PHP
Loan Branch Manager Banking 623,200 PHP
Loan Business Development Officer Banking 362,200 PHP
Loan Clerk Banking 204,000 PHP
Loan Collection and Recovery Manager Banking 653,200 PHP
Loan Collection Manager Banking 674,100 PHP
Loan Collector Banking 192,600 PHP
Loan Examiner Banking 247,800 PHP
Loan Officer Banking 218,900 PHP
Loan Processing Manager Banking 596,100 PHP
Loan Processor Banking 266,000 PHP
Loan Quality Assurance Auditor Banking 581,000 PHP
Loan Quality Assurance Manager Banking 627,900 PHP
Loan Quality Assurance Representative Banking 451,000 PHP
Loan Review Manager Banking 659,200 PHP
Loan Team Leader Banking 573,500 PHP
Loans Manager Banking 791,600 PHP
Mortgage Advisor Banking 384,200 PHP
Mortgage Collection Manager Banking 693,100 PHP
Mortgage Collector Banking 189,300 PHP
Mortgage Credit Analyst Banking 296,000 PHP
Mortgage Credit Manager Banking 670,600 PHP
Mortgage Development Manager Banking 744,600 PHP
Mortgage Document Reviewer Banking 246,500 PHP
Mortgage Funding Manager Banking 710,500 PHP
Mortgage Operations Manager Banking 1,004,600 PHP
Mortgage Payment Processing Clerk Banking 214,000 PHP
Mortgage Processing Manager Banking 675,100 PHP
Mortgage Processor Banking 257,700 PHP
Mortgage Quality Assurance Auditor Banking 539,700 PHP
Mortgage Quality Assurance Manager Banking 664,500 PHP
Mortgage Servicing Clerk Banking 191,600 PHP
Mortgage Servicing Manager Banking 658,300 PHP
Mortgage Underwriter Banking 239,300 PHP
Online Banking Manager Banking 1,037,000 PHP
Payment Processing Clerk Banking 204,000 PHP
Personal Banker Banking 420,800 PHP
Personal Banking Advisor Banking 417,200 PHP
Phone Banker Banking 283,400 PHP
Private Banker Banking 407,100 PHP
Reconciliation and Investigation Specialist Banking 466,900 PHP
Tax Officer Banking 357,300 PHP
Teller Banking 194,600 PHP
Trade Officer Banking 231,000 PHP
Trade Product Manager Banking 641,900 PHP
Trader Banking 286,400 PHP
Treasury Operations Officer Banking 518,300 PHP

Salary Comparison by City

If you want to compare salaries with different cities in Philippines, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Antipolo 932,800 PHP
Cagayan de Oro 954,900 PHP
Cebu 983,700 PHP
Dasmarinas 868,400 PHP
Davao 1,009,600 PHP
Kalookan 1,009,600 PHP
Las Pinas 884,700 PHP
Makati 861,300 PHP
Manila 1,051,400 PHP
Paranaque 929,700 PHP
Pasig 1,004,400 PHP
Quezon City 1,080,200 PHP
Taguig 1,032,800 PHP
Valenzuela 932,800 PHP

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