Why Accounting Jobs Are the Top Choice in the Philippines

Woman doing accounting

Today, accounting is one of the most promising careers. Since almost every field and industry needs the expertise of accounting professionals, the available career opportunities are vast.

Now, why is accounting such a popular major and career of choice, most especially in the Philippines? Here are the top reasons why, and see if this career is for you.

Increasing demand

Over the years, the demand for accountants has either sustained or continuously increased. However, this demand isn’t necessarily met year-by-year, since the number of accountants getting certified is relatively low.

Nevertheless, as more and more businesses and organizations are being established here in the country, the need for accounting professionals will continue to rise. So, if you’re an aspiring one, it’s time for you to strike while the iron is hot.

Competitive salary

Aside from the increasing demand, jobs in the accounting industry are also known as those with the most lucrative salary rates.

For a quick reference, here are some sample salary rates for accounting jobs in the Philippines, as per PayScale:

  • The average salary for a certified public accountant or CPA is ₱240,136 or ₱245.70 per hour.
  • A tax accountant, on the other hand, can earn an average salary of ₱384,210 or ₱125.00 at an hourly rate.
  • On average, the salary rate of an auditor in the Philippines is ₱224,244 or ₱94.22 hourly.
  • For a payroll clerk, the average salary is ₱145,041 or ₱56.26 per hour.

These average rates are relatively higher than the base minimum wage in the Philippines, so accounting jobs continue to be among the most profitable careers today.

More opportunities to work in various fields

Accountants can be employed in different industries. These include accounting firms, government agencies and departments, and even non-profit organizations. Further, they can also snag jobs in public or private companies; or choose to set up their individual practice or freelancing. Almost every industry needs an accountant, so the shortage of accounting jobs in the Philippines isn’t something to be worried about. This fact makes this profession even more interesting and versatile when it comes to employers they can consider.

Now that you know what makes accounting jobs the top choice in the Philippines, here are additional details you need to know before you consider applying in this field.

A few of the most common skills, roles, and responsibilities of accountants include:

  • Strong grasp of math
  • General understanding of bookkeeping, auditing, payroll, financial reporting, and taxes
  • Accounting data analysis
  • Financial advising

Further, what jobs can you get from accounting? Here are some of the accounting jobs in the Philippines you can consider:

  • Accounting Manager
  • Accounts Payable Clerk
  • Auditor
  • Certified Bookkeeper
  • Chief Financial Officer
  • Compliance Officer
  • Credit Analysis Manager
  • Payroll Clerk
  • Tax Accountant

With accounting jobs as the top choice from the most in-demand jobs in the Philippines today, Bossjob can help you start your career! You may browse through the available accounting and finance jobs on Bossjob and career guides now and see what opportunities await you!

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