Finance careers in the Philippines: is it a good career path?

Finance careers in the Philippines: is it a good career path?
Jobstreet content teamupdated on 13 May, 2024

The finance sector in the Philippines is booming. Firms want finance experts. This is because the economy is growing, and global connections are increasing.  

The market for financial advisory services is on the rise. This is due to more Filipinos placing importance on financial planning. A growing middle class is also a factor.  

This article discusses finance jobs in banking, investments, corporate finance, and planning. It explores the skills and qualifications many employers in this sector prefer.  

This article can help you learn more about a finance career that interests you. Here's what we'll talk about: 

Understanding Philippines' finance landscape 

A finance career in the Philippines is a good choice. The sector's outlook is promising. The rising economy plays a big role in this. The country ended 2023 as one of the fastest-growing economies in Southeast Asia.  

The financial services sector was one of the best-performing industries last year. This was because of the growing demand for financial services. The market was especially for digital banking.  

Many analysts believe that economic growth is set to continue in 2024. This means more jobs, especially in the fast-growing financial industry. Here's a quick look at the chances and challenges in finance in the Philippines. 


  • The economy is growing, and the citizens need help with their money. Plenty of banking, investing, and advisory services jobs should exist.
  • The Philippines is becoming a big player in Asia's finance industry. So, you have many chances to advance your career and work in other countries.
  • There are many new finance companies throughout the country. These companies provide opportunities if you're looking to enter the finance sector. 


  • The December 2023 Labor Force Survey showed that jobs in finance and insurance fell. The rate was lower than in December 2022.
  • There's a belief that 2024 is suitable for finance. But, analysts predict slower growth.  

Jobs in finance: Types of career opportunities 

The finance sector offers many career opportunities. These cover various fields of interest and different skills.  

Here are some of the jobs that may be available to you: 

Quantitative and analytical roles 

Quantitative and analytical roles work with data to calculate or interpret information. Here are some typical quantitative and analytical roles: 

Data scientist 

Data scientists analyze complex financial data. They use it to inform decisions at organizations. Qualifications typically include a degree in data science, mathematics, statistics, or related fields.  

The average monthly salary for a data scientist is between ₱68,000 and ₱79,000.   

Data analyst 

Data analysts gather and interpret financial data. They do this to find trends and make recommendations. You usually need a degree in mathematics, economics, finance, or a related field for this job.  

The average monthly salary for a data analyst is between ₱30,000 and ₱40,000. 

Research analyst 

Research analysts conduct in-depth financial research to provide insights for investment decisions. A degree in finance, economics, or accounting is joint.  

The average monthly salary for a research analyst is between ₱19,000 and ₱29,000. 

Risk analyst 

Risk analysts assess and mitigate financial risks within organizations. Qualifications often include a degree in finance, economics, or risk management.  

The average monthly salary for a risk analyst is between ₱36,000 and ₱46,000. 

Forex currency trader 

Currency traders analyze and trade currency pairs in financial markets to generate profits. A strong understanding of forex markets and trading experience is essential.  

The pay for forex trader jobs can vary widely because it depends on profits, so the market decides their pay.  

Client-facing roles 

Client-facing roles involve working directly with your company's customers. Some client-facing roles include: 

Financial analyst 

Financial analysts provide investment guidance to clients based on economic data analysis. A bachelor's degree in finance, accounting, or related fields is typical. 

 The average monthly salary for a financial analyst is between ₱31,000 and ₱41,000. 

Private wealth manager 

Private wealth managers assist high-net-worth individuals in managing their investments and financial planning. This role typically requires certifications. These include a Certified Financial Planner or Chartered Financial Analyst (CFA) designation.  

Salaries for wealth manager jobs vary and can reach ₱100,000 per month. 

Investment consultant 

Investment consultants advise clients on investment strategies and portfolio management. Employers may prefer jobseekers with a background in finance, economics, or related fields.  

A CFA designation or a Master of Business Administration degree may be advantageous. 

Man and woman reviewing a table with graphs

Transaction-focused roles 

Transactional roles are typically financed-related roles that involve finance transactions. Some typical transaction-focused roles include: 

Investment banker 

Investment bankers facilitate mergers, acquisitions, and capital-raising activities for organizations. A degree in finance, accounting, or a related field is necessary.  

Strong analytical and negotiation skills are essential. Getting an investment banking job may be easier if you have experience in the field. 

Investment strategist 

Investment strategists devise strategic plans and investment recommendations. They consider clients' financial goals and risk tolerance. They also analyze market trends, economic conditions, and various investment opportunities. 

Investment strategists may specialize in specific asset classes or industries. Qualifications often include a CFA designation or related certifications. 


Stockbrokers buy and sell securities for clients. The job requires strong communication skills and market knowledge. To become a stockbroker, you must pass Phases 1 and 2 of the Securities and Exchange Commission Certification Examination.  

You then need to apply for a license within three years. There are no educational requirements for taking the exam.   

Sales and trading professional 

Sales and trading professionals manage the buying and selling of financial products. These include stocks, bonds, and derivatives. The requirements depend on the specific sales and trading role. They expect you to have a degree in finance, economics, or a related field. 

Sales and trading professionals need market expertise and strong communication and negotiation skills. They may earn a base salary along with potentially large performance-based bonuses. 

Portfolio manager 

Portfolio managers oversee investment portfolios and make strategic investment decisions for clients. Qualifications often include a CFA designation or related certifications. You need a degree related to finance or business to do this job.  

Extensive experience may also be necessary. Portfolio manager jobs have varying monthly salaries. ​​The highest-paying careers in finance in the Philippines are in the ₱100,000 to ₱250,000 range. 

Private equity associate 

Private equity associates find, evaluate, and manage private equity investments. They review possible investment opportunities, conduct due diligence, and assess risks.  

With their expertise, they identify promising companies and develop strategies to maximize returns. A background in finance or accounting is typical. Skills in analysis, research, and communication are also essential. 

Chief investment officer 

Chief investment officers are high-level executives responsible for managing and overseeing investment portfolios. They develop investment strategies. They assign resources and decide on investments based on the organization's financial objectives.  

They often work with other senior leaders. They do this to align investment strategies with business goals. A chief investment officer needs a deep understanding and experience in finance. This includes financial markets, risk, and portfolio management. 

Buy-side vs. sell-side finance careers: What's the difference? 

In finance, careers fall into buy-side and sell-side roles. Here's a quick look at what these are and how they compare. 

Buy-side jobs in finance 

Buy-side jobs involve handling investments to make profits for clients. Professionals in these roles directly invest money for entities. These include asset management, pension funds, endowments, and private equity firms.  

Examples of buy-side jobs include: 

  • Portfolio manager: Manages investment portfolios and makes strategic decisions on asset allocation.
  • Research analyst: Conducts in-depth research to find investment opportunities and provide recommendations.
  • Private equity associate: Evaluates and manages private equity investments in companies.
  • Hedge fund manager: Manages hedge funds; plans and makes investments to generate returns.
  • Real estate investment analyst: Analyzes real estate opportunities and investments for clients. 

Sell-side jobs in finance 

Sell-side roles involve providing services to clients. These services include trading, market-making, underwriting, and financial advice.  

They work for investment banks, brokerage firms, and other financial institutions. These institutions help to carry out transactions in the financial markets.  

Examples of sell-side jobs include:

  • Investment banker: Facilitates mergers and acquisitions, underwrites securities, and advises clients.
  • Equity research analyst: Analyzes companies and stock markets to recommend investments.
  • Wealth advisor: Provides financial planning and investment advice to high-net-worth individuals.
  • Risk analyst: Assesses and manages financial risks within banking institutions or the Ministry of Finance.  

Comparison table 

Here's how the two types of finance careers compare: 



Key focus 

Making investment decisions to generate returns 

Facilitating transactions and providing investment advice 

Primary activities 

Investment management, portfolio optimization 

Underwriting, market making, trading 


Managed funds, retail investors, institutional investors 

Corporations, financial institutions, high-net-worth individuals 

Revenue source 

Investment returns, management fees 

Commissions, fees, trading activities 

Examples of jobs 

Portfolio manager, investment analyst, hedge fund manager 

Investment banker, stockbroker, equity research analyst 

What are front, middle, and back office roles in a finance job? 

Understanding the differences between front, middle, and back office roles is essential. This can help you decide which career in finance is right for you.  

The finance sector offers numerous opportunities, so you can find a role that best fits your skills, interests, and goals.  

Here's how the three compare: 

Business man in a white shirt and glasses working on a laptop

Front office 

  • Job scope: Client-facing activities that directly contribute to firm revenue generation.
  • Examples: Trading, portfolio management, sales, customer service.
  • Responsibilities: Include trading, portfolio management, and interacting with clients. 

Middle office 

  • Job scope: Core support tasks that help the firm's services run smoothly.
  • Examples: These include risk management, IT, corporate finance, portfolio management, and research. This is especially true if these departments are not client-facing.
  • Responsibilities: You are responsible for accounting, payroll, operations, and other admin. These tasks are essential to the firm. 

Back office 

  • Job scope: Houses administrative and support functions necessary for the firm's operations.
  • Examples: Accounting, human resources, payroll, and operations.
  • Responsibilities: Carry out the accounting, payroll, operations, and other administrative functions essential to the firm's operations. 

Comparison table 

Here's how front, middle, and back office finance roles compare: 

Front office 

Middle office  

Back office 


Client-facing activities for revenue generation 

Core support activities for firm operations 

Administrative and support functions 


Trading, portfolio management, sales 

Risk management, IT, corporate finance 

Accounting, HR, operations 


Revenue generation, client interactions 

Risk management, IT support, research 

Administrative tasks, operations support 

What skills do I need to pursue a career in finance? 

If you want to work in finance, focus on three things. These are building financial smarts, technical skills, and soft skills. This can help you excel in your chosen career path. 

Quantitative roles 

Client-facing roles 

Transaction-focused roles 

Financial knowledge 

Essential to understanding financial markets, products, and analytical processes 

Understanding of financial concepts, investment strategies, and client requirements 

In-depth knowledge of financial markets, investment banking processes, transactions 

Technical skills 

Proficiency in programming languages, such as Python, R, or SQL, for data analysis and modeling 

Basic knowledge of programming languages for data manipulation and basic automation tasks 

Proficiency in financial modeling, data analysis, and software used in investment banking activities 

Soft skills 

Strong analytical skills, attention to detail, problem-solving, and critical thinking 

Effective communication, relationship-building, and client-management skills 

Excellent communication, negotiation, and interpersonal skills for deal-making and client interactions 

What certifications do I need to pursue a career in finance? 

Here are the certifications you can obtain for a job in finance: 

Financial Advisor Insurance Certifications 

This certification gives you the knowledge and skills to provide sound insurance advice. To become an insurance agent, the Insurance Commission must license you.  

This entails passing its qualifying exam and paying an application fee.

  • Best for: Aspiring financial advisors, insurance agents, wealth managers, or risk managers.
  • Duration: Varies depending on the program provider, typically ranging from a few months to a year.
  • Fees: Vary, but these can be a few thousand pesos. 

Certified Financial Management Specialist (CMAS) certification 

The Certified Financial Management Specialist certification exam tests basic financial knowledge. It covers capital markets, corporate finance, and investment management.

  • Suitable for: Graduates of finance-related degrees, faculty members, and experienced professionals in financial management roles.
  • Duration: The exam is four hours long, with two parts consisting of 120 multiple-choice questions.
  • Recertification: This doesn't require recertification as it's good for a lifetime. 

Certified Financial Consultant(CFA) program  

The Certified Financial Consultant program helps develop participants' corporate finance and valuation skills.  

The curriculum consists of 12 topics. These can benefit various finance professionals, including investment bankers, venture capitalists, and corporate finance executives.

  • Best for: Aspiring specialists in corporate finance and those interested in financial consulting and valuation roles.
  • Duration: Depends on individual study pace. 

Registered Financial Planner (RFP) certification 

The Registered Financial Planner (RFP) certification process has three requirements. These include completing the RFP program that covers various financial planning topics.  

Passing the RFP exam is also necessary. You also need at least two years of experience to obtain the RFP designation. 

  • Suitable for: Finance professionals, including accountants, bankers, credit officers, financial consultants, and real estate agents.
  • Duration: Around two months for the RFP program.
  • Recertification: Annual renewal is necessary to maintain the RFP designation. This involves meeting continuing education requirements.  

Other certifications 

These are notable certification programs you can also consider: 


Here are some degrees that can help you enter the finance industry: 

Bachelor of Science in Financial Management 

This degree program covers many parts of financial management. It includes investment analysis, financial planning, risk management, and corporate finance.

  • Best for: Aspiring financial analysts, investment managers, corporate treasurers, and financial planners.
  • Duration: Four years for full-time study.
  • Fees: Tuition fees vary but may range from about ₱30,000 to ₱50,000 per semester in public universities. Costs are higher in private institutions. 
Woman at office and smiling in front of a laptop

Bachelor of Science in Accountancy 

The accounting program focuses on accounting principles. It covers financial reporting, auditing, taxation, and management accounting. You can find these accounting programs in multiple universities around the​​ Philippines, such as the Silliman University and World City Colleges. 

  • Best for: Aspiring accountants, auditors, tax consultants, and financial controllers.
  • Duration: Four to five years.
  • Fees: Costs could range from ₱20,000 to ₱60,000 per semester and may be higher in private universities. 

Bachelor of Science in Business Administration, Major in Financial Management 

This program has core business courses and a finance specialization. It covers financial markets, investment analysis, and financial planning. It’s great if you’re looking for a career in business and finance. 

  • Best for: Aspiring financial managers, investment bankers, financial advisors, and risk managers.
  • Duration: Four years of full-time study.
  • Fees: Tuition fees can range from around ₱40,000 to ₱70,000 per semester in private institutions. 

Bachelor of Science in Economics 

The economics program emphasizes economic theories, policy analysis, econometrics, and financial economics.

  • Best for: Aspiring economic analysts, financial planners, market researchers, and policy analysts.
  • Duration: Four-year program.
  • Fees: Tuition fees range from ₱20,000 to ₱50,000 per semester in public universities. They are higher in private institutions. 

The pros and cons of pursuing finance careers 

Here are some of the advantages and disadvantages of pursuing a career in finance: 


  • Finance professionals can make a lot of money. This is especially true in investment banking, financial analysis, and wealth management.
  • The finance industry has many chances for career advancement. You can work for top financial institutions and big corporations. 


  • The industry is competitive, and workers must keep up with market trends to succeed. This requires long hours and hard work.
  • Finance jobs can be stressful and pose challenges unique to the industry or a position. These may involve dealing with financial risks and regularly working in a fast-paced environment.  

Salary and benefits in the Philippines' finance sector 

Finance career salary ranges 

Here's a list of careers in finance and what you may earn in various finance positions:

  • Financial analyst: ₱300,000–₱800,000 per year.
  • Investment banker: ₱500,000–₱1,500,000+ per year.
  • Wealth manager: ₱400,000–₱1,200,000 per year.
  • Risk analyst: ₱350,000–₱800,000 per year. 
  • Portfolio manager: ₱500,000–₱1,500,000+ per year. 

Additional benefits and perks 

Here are some of the advantages of working in the finance industry:

  • Performance bonuses: Variable bonuses based on individual and company performance.
  • Health insurance: Comprehensive health coverage, including medical, dental, and vision benefits.
  • Retirement plans​​: Contribution to retirement savings plans such as the Social Security Services (SSS).
  • Training and development: Opportunities for continuous learning and professional development.
  • Flexible work arrangements: Some companies offer flexible work hours and remote work options. 

Is finance the right career for you? 

Here are a few skill-related questions to help you decide if a career in finance suits you:

  • Analytical skills: Do you know how to analyze data, numbers, and trends critically?
  • Attention to detail: Are you careful and thorough in financial analysis and risk assessment tasks?
  • Strong work ethic: Are you willing to work hard and give extra hours to excel in a demanding industry?
  • Risk management: Can you handle pressure and make calculated decisions in high-stakes situations? 

Traits suited for success in finance 

Here are several traits and qualities that can help you succeed in the industry:

  • Analytical thinking: The ability to interpret complex data and draw logical conclusions.
  • Problem-solving: Aptitude for resolving financial challenges and proposing practical solutions.
  • Communication: The capacity to express complex financial concepts clearly to diverse audiences.
  • Resilience: Readiness to adjust to market changes and overcome challenges in a fast-moving industry. 


The finance sector offers many opportunities. A career in finance can be rewarding and exciting. But it also comes with challenges.   

A degree in finance, accounting, business, or a related field can help you do well in this industry. Soft skills such as analysis, attention to detail, problem-solving, and communication are essential. 

If you're thinking about a finance career, weighing the pros and cons is crucial. Does it align with your goals? Is it a good fit in terms of your skills and qualifications?  

Choose wisely and ensure your chosen career suits your interests and strengths.  


Woman working on spreadsheets at a desk with two monitors

Here are answers to common questions about finance careers: 

  1. What is the highest-paid finance job? 
    ⁠This is likely an executive-level finance professional, such as a chief financial officer. Managerial positions in investment banking and wealth management also bring high pay. 
  2. Is finance in demand in the Philippines? 
    ⁠Yes. There are many careers in finance in the job market, and analysts expect the number to increase. This is due to the country's growing economy and rising middle class. 
    ⁠The increasing demand for financial planning and digital financial services is also a factor. 
  3. What careers can you pursue with a finance degree?
    ⁠If you have a finance degree, you can be a(n):
    ⁠financial analyst
    ⁠investment banker
    ⁠portfolio manager
    ⁠risk analyst
    ⁠financial planner
    ⁠corporate treasurer
    ⁠personal financial advisor
    ⁠chief financial officer.
  4. What can you do to be more competitive in the finance job market? 
    ⁠You can start by obtaining a relevant degree to shine in the finance job scene. You can also pursue advanced studies and certifications. Make sure you keep up with market trends and the latest technology. 

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