Top 8 Highest Paying Jobs in the Philippines 2024

In today’s competitive employment market, knowing which jobs pay the highest is more important than ever. This understanding can have significant effects on career choices, educational paths, and professional development approaches, ultimately leading to increased financial security and job satisfaction.

Knowing the highest-paying jobs allows you to make more educated career decisions. Individuals can assure the highest potential returns on their education and training investments by connecting their talents and interests with attractive possibilities. 

The Regional Tripartite Wages and Productivity Board (RTWPB) in the National Capital Region (NCR) also approved a P35 salary rise for private sector workers, boosting the minimum wage to P645 for non-agriculture workers. This decision will become effective 15 days after it is published in broad circulation newspapers.

  1. Aircraft Professional

By 2028, the Philippine aviation industry is expected to become a prominent participant in Asia as a result of heightened investment and private sector involvement in sustainable development, human capital, and infrastructure. Cebu Pacific, a budget carrier, has selected Airbus as its aircraft supplier for a $24-billion purchase order of up to 152 A321neo jets. This transaction is the largest in Philippine aviation history.

Aircraft professionals hold the highest-paid jobs in the Philippines, earning six-figure salaries each month. The aviation sector experienced a resurgence when borders reopened post-pandemic, with over 2 million international tourists visiting the country by April 2024. Pilots and aircraft engineers are particularly in demand, reflecting the industry’s rapid growth and increasing importance. In 2022, the average monthly wage rate for aircraft pilots and related associate professionals in the Philippines was ₱135,363, as indicated by the occupational wages survey.

Requirements

  • A Student Pilot License (SPL) is available to individuals who are at least 17 years old, while a Commercial Pilot License (CPL) is available to individuals who are at least 18 years old
  • High school diploma
  • An authentic medical certificate issued by the Civil Aviation Authority of the Philippines (CAAP) is required. A Class 1 Medical Certificate is necessary for a CPL
  • A minimum of 40 hours of flight training is required to obtain a Private Pilot License (PPL). The 23 hours from your PPL training are included in the total of 150 flight hours required for a CPL
  • Aeronautical Knowledge, Navigation and Radio Communication, Meteorology, and Flight Performance & Planning are among the subjects that must be satisfactorily completed through written examinations
  1. Software Developer

Business Management International (BMI), a market research firm, anticipates that Philippine software sales will surpass $95 million by 2025. The demand for devices increased as Filipinos worked and studied remotely from 2020 to 2021, resulting in a surge in software sales. In 2022, the Philippine Statistics Authority (PSA) reported that the digital economy of the country increased to approximately $36.5 billion, contributing 9.4% to the Gross Domestic Product (GDP).

Software engineers are among the most desired, adaptable, and well-paid professionals in the Philippines, with an average salary of ₱70,506. This high demand is a result of the necessity for professionals who are capable of creating and maintaining computer software applications with precision. Although the terms are occasionally used interchangeably, software developers are frequently regarded as a subset of software engineers, as they are responsible for the development and customization of software for clients. In order to obtain one of these lucrative positions, individuals must possess expertise in the development of software programs, programming languages, coding, and other related skills.

  1. Geologist

Geologists are essential in the architecture and engineering sector, as they conduct comprehensive site investigations, and analyze geological data to ascertain the suitability of a site for construction or development. They ensure that projects are constructed in a manner that is both sustainable and safe, while also preserving the natural environment. As one of the highest-paying occupations in the Philippines, geologists earn an average of ₱49,059 per month. A career in geology may be suitable for you if you are captivated by the physical characteristics of our planet. Opportunities are plentiful in the energy and mining sectors where the position entails environmental consulting, interpretation, data evaluation, and field work.

The University of the Philippines, Ateneo de Manila University, and Mapúa University are among the universities in the Philippines that offer geology programs. Upon completion of your degree, you are required to successfully pass the Professional Regulation Commission (PRC) Geologist Licensure Examination. This examination assesses your familiarity with and proficiency in a variety of geological disciplines.

  1. Lawyers

Lawyers are vital legal professionals who provide legal guidance and representation to businesses, organizations, and individuals. An average monthly salary of approximately Php 89,000 is earned by them in the Philippines. They advocate for their clients’ rights, help clients navigate legal complexities, and represent them in court. The high salary they receive is indicative of their extensive education and expertise. Lawyers provide protection for individual rights, uphold justice, and contribute to the stability of communities. A significant number of attorneys specialize in specific areas, such as corporate law, intellectual property, or family law, and offer personalized representation and counsel.

The process of becoming a lawyer in the Philippines consists of several stages. First and foremost, it is necessary to obtain a bachelor’s degree, which typically requires a minimum of four years. Afterward, you are required to complete an additional four years of law school. When you have finished your law degree, you must pass the Philippine Bar Examination, which typically necessitates a minimum of one year of preparation.

  1. Mathematicians and Actuaries 

The average monthly compensation for actuaries and mathematicians is Php 70,000. In the finance, insurance, and research sectors, their abilities to analyze intricate data, predict hazards, and make strategic decisions are highly regarded. In order to pursue a career in this field, it is necessary to complete rigorous examinations administered by the Actuarial Society of the Philippines, and earn a degree in mathematics or statistics. Further examinations may be administered to improve credentials and career prospects following initial certifications. These supplementary exams provide professionals with the opportunity to cultivate a high level of proficiency in their chosen field, including financial modeling, insurance calculations, and risk management. Mathematics trainers, mathematics teachers, actuarial specialists, actuarial analysts, and data scientists are among the job opportunities available to mathematicians and actuaries in the Philippines. Various companies and institutions are offering competitive salaries and benefits for these positions.

  1. Generalist medical practitioners

Generalist medical practitioners, or primary care physicians, are among the highest-paid professionals in the Philippines, with an average monthly income of Php 51,000. They are instrumental in the provision of essential healthcare services, including the diagnosis and treatment of a diverse array of medical conditions. These committed professionals offer comprehensive care, including the management of chronic diseases and routine check-ups, thereby promoting the health of their patients, and contributing to the community. Specialist medical practitioners, who specialize in particular disciplines, typically earn salaries that are even higher than those of generalists, with an average of Php 57,476 per month.

Several stages must be completed in order to become a general medical practitioner in the Philippines. Initially, it is necessary to obtain a bachelor’s degree, which typically requires four years of study in a pre-medical course, such as biology or chemistry. After that, you are required to attend medical school for an additional four years, during which time you will participate in medical courses, and acquire hospital experience as an intern and scribe. In order to become a fully fledged MD, it is necessary to pass the Physician Licensure Examination after graduating. To acquire practical experience in a clinical context, it is necessary to complete a residency program, which typically lasts three to five years, after passing the licensure.

  1. Bank Manager/Credit Analyst

Their duties include managing customer relationships, ensuring financial performance, leading and motivating staff, mitigating risks, and promoting bank products and services. The salary for a Bank Manager in the Philippines can vary significantly depending on factors such as experience, bank size, and location. On average, a Bank Manager can expect to earn an average monthly salary of Php 50,000.

Basic requirements to be a Bank Manager in the Philippines:

  • Bachelor’s degree in finance, economics, business administration, or a related field
  • Several years of experience in the banking industry, particularly in management roles
  • Strong leadership, communication, and analytical skills
  • Knowledge of banking regulations and compliance requirements
  1. Customer support representative

A Customer Support Representative acts as the first point of contact for customers, providing assistance and resolving issues related to products or services. They ensure that customers have a positive experience by addressing inquiries, troubleshooting problems, and offering solutions. The average salary for a Customer Support Representative in the Philippines is approximately PHP 28,000 to PHP 32,000 per month.

A Customer Support Representative needs excellent communication skills, strong problem-solving abilities, empathy, and patience to effectively handle customer issues. Technical competence with databases and customer service software is essential. Organizational skills and attention to detail are necessary for managing multiple tasks, and maintaining accurate records. Teamwork and collaboration are also important for improving service quality. A high school diploma is typically required, but a college degree and prior customer service experience are beneficial.

Conclusion

In today’s competitive employment market, it is essential to learn about the highest-paying positions in order to make informed decisions regarding one’s career, educational pursuits, and professional development strategies. By aligning talents and interests with lucrative opportunities, this knowledge can result in enhanced financial security, and job satisfaction. Finally, individuals can achieve greater financial stability and career fulfillment by concentrating on these well-compensated professions, which guarantee the highest returns on their education and training investments.

The landscape of high-paying jobs in the Philippines is diverse and promising. From the booming tech industry, to the ever-essential healthcare sector, opportunities abound for those with the right skills and qualifications. As the economy continues to grow and evolve, these roles not only offer lucrative salaries, but also the chance to make significant contributions to the country’s development. Whether you’re a seasoned professional or are just starting your career, aiming for one of these top-paying positions could be a rewarding path to financial stability and professional fulfillment. With SB Finance and its range of financial products and services, SB Finance supports professionals in achieving their financial goals, and securing their future.

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