Average Cost Controller Salary in Philippines for 2024

In this article, we will look at the average Cost Controller 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 a Cost Controller Make in Philippines?

A Cost Controller working in Philippines will typically earn around 466,900 PHP per year, and this can range from the lowest average salary of about 214,000 PHP to the highest average salary of 743,300 PHP.

Average Annual Salary
466,900 PHP
Average Monthly Salary
38,908 PHP

Lowest Annual Salary
214,000 PHP
Lowest Monthly Salary
17,833 PHP

Highest Annual Salary
743,300 PHP
Highest Monthly Salary
61,941 PHP

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

Cost Controller 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 Cost Controller Salaries in Philippines

So we've looked at the average salaries a Cost Controller will earn in Philippines. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Cost Controller can earn between 214,000 PHP and 743,300 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 a Cost Controller in Philippines is 504,400 PHP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 504,400 PHP, and 50% of the population earn more than 504,400 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 Cost Controller salary in Philippines, 25% of the population are earning less than 322,600 PHP while 75% of the population earn more than 322,600 PHP.

75% of the population earn less than 674,100 PHP, and 25% of the population earn more than 674,100 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.

Cost Controller 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 cost controller 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. A Cost Controller in Philippines that has less than two years of experience can expect to earn somewhere in the region of 243,000 PHP.
  • 2 - 5 Years Experience. With two to five years of experience the average Cost Controller salary would increase to 325,600 PHP.
  • 5 - 10 Years Experience. From five to ten years of experience as a Cost Controller, the average salary would be 480,300 PHP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 588,500 PHP.
  • 15 - 20 Years Experience. A Cost Controller with 15 to 20 years of experience can earn an average of 639,900 PHP.
  • 20+ Years Experience. For a Cost Controller with more than 20 years, the expected average salary increases to 693,100 PHP.

Average Salary by Experience Chart

0-2 Years
243,000 PHP
2-5 Years +34%
325,600 PHP
5-10 Years +48%
480,300 PHP
10-15 Years +22%
588,500 PHP
15-20 Years +9%
639,900 PHP
20+ Years +8%
693,100 PHP

Cost Controller 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 a Cost Controller in Philippines based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Cost Controller in Philippines with a high school education can earn an average salary of 297,000 PHP.

  • Certificate or Diploma. A Cost Controller in Philippines with a certificate or diploma education can earn an average salary of 351,900 PHP.

  • Bachelor's Degree. A Cost Controller in Philippines with a bachelor's degree education can earn an average salary of 510,300 PHP.

  • Master's Degree. A Cost Controller in Philippines with a master's degree education can earn an average salary of 669,100 PHP.

Average Salary by Education Chart

High School
297,000 PHP
Certificate or Diploma +18%
351,900 PHP
Bachelor's Degree +45%
510,300 PHP
Master's Degree +31%
669,100 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.

Cost Controller 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 cost controller will earn an average of 498,000 PHP, while a female cost controller will earn around 433,400 PHP.

This means that a male cost controller earns approximately 15% more than a female cost controller for performing the same job.

Average Salary by Gender Chart in Philippines

Male
498,000 PHP
Female -15%
433,400 PHP

Cost Controller 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 a Cost Controller in Philippines is around 12% every 17 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 = ( 12 ÷ 17 ) × 12  = 8%

What this means is that a Cost Controller in Philippines can expect to receive an average pay raise of around 8% 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%

Cost Controller 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.

A Cost Controller is a high bonus based job, with 82% of employees reporting at least one bonus in the last 12 months.

18% 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 5% to 9%.

Received Bonus
82%
No Bonus
18%

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 a Cost Controller

In the table below, we have salary information for jobs that are similar to a Cost Controller in Philippines.

Job Title Category Salary
Assistant Business Development Manager Business Planning 670,600 PHP
Assistant Merchandise Planner Business Planning 417,100 PHP
Business Advisor Business Planning 643,400 PHP
Business Analyst Business Planning 615,700 PHP
Business Consultant Business Planning 643,800 PHP
Business Continuity Associate Business Planning 382,600 PHP
Business Developer Business Planning 428,400 PHP
Business Development Analyst Business Planning 476,600 PHP
Business Development Associate Business Planning 327,300 PHP
Business Development Coordinator Business Planning 366,200 PHP
Business Development Director Business Planning 903,500 PHP
Business Development Engineer Business Planning 489,600 PHP
Business Development Executive Business Planning 683,800 PHP
Business Development Manager Business Planning 843,600 PHP
Business Development Specialist Business Planning 603,400 PHP
Business Manager Business Planning 759,300 PHP
Business Operations Specialist Business Planning 605,700 PHP
Business Process Writer Business Planning 366,200 PHP
Business Systems Analyst Business Planning 671,000 PHP
Capacity Planner Business Planning 433,800 PHP
Capacity Planning Supervisor Business Planning 625,000 PHP
Change Communications Analyst Business Planning 620,300 PHP
Change Control Analyst Business Planning 615,300 PHP
Change Impact Analyst Business Planning 605,700 PHP
Contracts Executive Business Planning 619,000 PHP
Corporate Strategy Analyst Business Planning 672,600 PHP
Cost Control Engineer Business Planning 424,300 PHP
Cost Estimator Business Planning 442,200 PHP
Data Executive Business Planning 349,300 PHP
Data Manager Business Planning 480,300 PHP
Data Processing Manager Business Planning 590,200 PHP
Development Researcher Business Planning 502,200 PHP
Director of Business Development Business Planning 948,900 PHP
Director of Production Planning Business Planning 814,100 PHP
Due Diligence Analyst Business Planning 672,600 PHP
Estimating Manager Business Planning 698,200 PHP
General Manager Business Planning 807,900 PHP
Incident Handler Business Planning 455,400 PHP
Incident Specialist Business Planning 541,700 PHP
Lean Consultant Business Planning 471,700 PHP
Manager Business Planning 864,700 PHP
Marketing and Business Development Manager Business Planning 794,900 PHP
Materials Planner Business Planning 273,000 PHP
Merchandise Assistant Business Planning 275,500 PHP
Merchandise Controller Business Planning 268,900 PHP
Merchandise Planner Business Planning 294,300 PHP
Operations Analyst Business Planning 562,200 PHP
Operations Manager Business Planning 674,100 PHP
Operations Research Analyst Business Planning 398,300 PHP
Planning and Reporting Manager Business Planning 721,600 PHP
Planning Director Business Planning 855,200 PHP
Project Administrator Business Planning 428,400 PHP
Project Manager Business Planning 658,300 PHP
Project Planner Business Planning 388,100 PHP
Research Assistant Business Planning 361,500 PHP
Research Engineer Business Planning 394,800 PHP
Research Officer Business Planning 315,900 PHP
Risk Management Specialist Business Planning 626,800 PHP
Scholarship Coordinator Business Planning 322,600 PHP
Store Planner Business Planning 325,900 PHP
Strategy Director Business Planning 879,700 PHP
Top Research and Development Executive Business Planning 919,700 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 441,450 PHP
Cagayan de Oro 420,550 PHP
Cebu 451,350 PHP
Dasmarinas 395,350 PHP
Davao 468,850 PHP
Kalookan 480,050 PHP
Las Pinas 401,350 PHP
Makati 375,450 PHP
Manila 467,000 PHP
Paranaque 412,100 PHP
Pasig 414,950 PHP
Quezon City 496,100 PHP
Taguig 455,500 PHP
Valenzuela 399,400 PHP

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