In this post, we are going to compare the top 10 highest paying career in the Philippines to four other countries, namely – United States, Canada, Japan and South Korea.
This list of top 10 highest paying career in the Philippines is taken from salaryexplorer.com.
In making this list they noted that, “in order to have diversity in the list and to make it as extensive as possible, we grouped similar jobs together. If we just displayed the highest salaries in descending order, then the list would have mostly consisted of top-level surgeons.”
Salary rates comparison – PH, US, CAN, JPN, KR
Note: These salaries are the yearly average for each jobs. I also converted them to Philippine peso for easier comparison. As of this writing, the exchange rates are:
US Dollar to Philippine Peso: ₱48.79
Canadian Dollar to Philippine Peso: ₱38.92
South Korean Won to Philippine Peso: ₱0.043
Japan Yen to Philippine Peso: ₱0.44
1. Surgeons / Doctors
United States: $400,918 or ₱19,375,142
Canada C$194,032 or ₱7,489,296
Japan: 1,480,000 JPY or ₱649,072
South Korea: 12,500,000 KRW or ₱537,896
United States: $102,446 or ₱4,950,902
Canada C$105,826 or ₱4,084,698
Japan: 9,359,251 JPY or ₱4,104,615
South Korea: 53,995,265 KRW or ₱2,323,507
United States: $145,623 or ₱7,037,514
Canada C$150,426 or ₱5,806,181
Japan: 13,303,725 JPY or ₱5,834,513
South Korea: 76,751,666 KRW or ₱3,302,753
4. Bank Managers
United States: $98,563 or ₱4,763,248
Canada C$102,096 or ₱3,940,727
Japan: 8,371,671 JPY or ₱3,671,500
South Korea: 56,251,409 KRW or ₱2,420,592
5. Chief Executive Officers
United States: $418,627 or ₱20,230,964
Canada C$363,806 or ₱14,042,276
Japan: 26,958,674 JPY or ₱11,823,060
South Korea: 232,985,075 KRW or ₱10,025,739
I am quite baffled here, tbh. What do you think is the reason that CEO’s here in the Philippines are paid way less than the other four mentioned countries?
6. Chief Financial Officers
United States: $272,803 or ₱13,183,735
Canada C$240,136 or ₱9,268,830
Japan: 18,867,775 JPY or ₱8,274,696
South Korea: 124,405,978 KRW or ₱5,353,398
United States: $277,483 or ₱13,409,905
Canada C$280,167 or ₱10,813,957
Japan: 25,987,459 JPY or ₱11,397,122
South Korea: 126,959,884 KRW or ₱5,463,297
Just a little info about what an orthodontists does for those just like me who doesn’t know about it. According to wikipedia.org, “orthodontics is a specialty of dentistry that deals with the diagnosis, prevention, and correction of malpositioned teeth and jaws, and misaligned bite patterns.”
8. College Professors
United States: $104,444 or ₱5,047,459
Canada C$107,894 or ₱4,164,520
Japan: 9,542,014 JPY or ₱4,184,768
South Korea: 55,051,732 KRW or ₱2,368,968
On the website where I’ve taken the salaries from other countries (my source for the Philippines is different, it was mentioned above), there was no “College Professor” keyword. There were only “Professor” and “Teacher College/University.” I’ve chosen the “Professor” keyword or job title.
The same case with the next two.
United States: $83,250 or ₱4,023,218
Canada C$92,071 or ₱3,553,779
Japan: 7,631,523 JPY or ₱3,346,899
South Korea: 47,487,979 KRW or ₱2,043,487
10. Marketing Directors
United States: $131,899 or ₱6,374,275
Canada C$92,071 or ₱3,553,779
Japan: 10,779,136 JPY or ₱4,727,323
South Korea: 71,591,963 KRW or ₱3,080,722
If you’ve noticed, the other four countries that we are comparing to are much more well developed countries compared to the Philippines. So, even if the salaries are quite high, we should always take into consideration the cost of living in each places.
In the future, I will also make a comparison to other countries that are on the same status as the Philippines.
So what do you guys think? Tell me in the comment section.