Top 10 Highest Paying Jobs in the Philippines 2016
Salaries have increased by as much as 10% compared to last year, mainly because of a strong economy and the competitive play in the job market. Jobs in the Information Technology industry continue to dominate the top spot for the highest paying jobs in 2016. This is according to the latest JobStreet Salary Report which shows IT-related jobs continuing its trend of having the most competitive salaries across all position levels. This also coincides with the forecast that 2016 wages are expected to rise globally according to Society for Human Resource Management. In the Philippines, the estimate is to have a 7% increase in salary for 2016 which is slightly lower compared to the previous year’s forecast of 7.5%. They are also looking at an inflation forecast of 1.8% for 2016.
It’s noticeable that for the Junior level position, salary has gone up this year to ₱38,149 for those employed in Information Technology. Other industries like Law / Legal Services offers a salary of ₱30,324 for the same level. Other high paying jobs in the same category include Actuarial / Statistics, which pays ₱28,406 and Customer Services where the monthly salary offered is ₱27,890.
Under the Supervisory level category, IT-related jobs can receive as much as ₱63,485. Other industries also made it to the top ten list such as Customer Services where one could receive ₱36,082, whereas a Supervisor in Marketing and Business Development gets ₱33,596. A Quality Assurance Supervisor is not that far behind and receives a monthly salary of ₱38,644.
For the Managerial Level category, IT professionals still get paid higher, with a salary of ₱86,550. Managers and assistant managers in Corporate Strategy also receive competitive pay at ₱79,309. Same goes for professionals in Actuarial Science with ₱75,784 per month. Quality Control and Quality Assurance managers also receive one of the highest salaries in the country at ₱73,574.
However, if we compare these numbers to our Asian counterparts, the average base salary for professionals in the Philippines is one of the lowest in the region, especially for professional and middle management positions. This proves to be double-sided since it entices corporations to consider setting-up offices in the Philippines but also encourages educated migrants to work abroad for better wages. It’s noted that among developed markets, Singapore remains at the top in providing the highest compensation to attract the best talent and stay competitive.
You can start your career from the bottom and make your way to the top to enjoy a better and more competitive salary package. If you find that a career in the corporate world is not the right thing for you, you can always leave your job and be your own boss. Having an ingenious idea, with the potential to break new grounds, unleash the entrepreneur in you and start-up your own business. Of course, there are many personal loans in the Philippines that you can apply for that can help kick start your business pursuit. You only have to make that first step.
Take a look and compare with the previous numbers of the top paying jobs in 2015!