According to the web search results, the salary of a specialist at the World Bank Group in Manila depends on several factors, such as the level of experience, the grade of the position, and the performance appraisal. The World Bank Group has a compensation policy that aims to provide competitive market-based salaries and reward individual performance¹. The World Bank Group also reviews and adjusts the salary structure annually based on local market movement².
The World Bank Group has different salary scales for different regions and offices. For the East Asia and Pacific region, which includes Manila, the salary scales are available on their website². However, these scales are only indicative and do not reflect the actual salary of a specific position. The actual salary of a specialist at the World Bank Group in Manila may vary depending on the individual circumstances and qualifications of the staff member.
One possible way to estimate the salary of a specialist at the World Bank Group in Manila is to use the HQ salary scales as a reference point³. The HQ salary scales are based on Washington D.C., where the World Bank Group headquarters are located. The HQ salary scales show the minimum and maximum annual base salary for each grade level, from GA to GK. The specialist positions at the World Bank Group typically fall under grades GF to GH, depending on the seniority and complexity of the role¹.
For example, a specialist at grade GF in Washington D.C. would have a minimum annual base salary of $87,200 and a maximum annual base salary of $174,400 as of July 1, 2023³. To adjust this range for Manila, one could use a cost of living index or a purchasing power parity index to compare the relative prices and incomes between the two cities. According to one source⁴, the cost of living index for Manila is 38.77, while the cost of living index for Washington D.C. is 100. This means that Manila is about 61.23% cheaper than Washington D.C. on average. Therefore, a possible range for the annual base salary of a specialist at grade GF in Manila could be $33,800 to $67,600 (87,200 x 0.3877 to 174,400 x 0.3877).
However, this is only an approximation and does not account for other factors that may affect the salary of a specialist at the World Bank Group in Manila, such as taxes, benefits, allowances, exchange rates, and market conditions. Therefore, it is advisable to consult with the World Bank Group directly or with other specialists who work there to get a more accurate and updated information on their salary structure and compensation package.
Source:
(1) Average Salary for The World Bank Group Employees in Philippines - Payscale.
https://www.payscale.com/research/PH/Employer=The_World_Bank_Group/Salary.
(2) HQ and CO Compensation Scales - World Bank Group.
https://www.worldbank.org/en/about/unit/human-resources/HQ-AND-CO-COMPENSATION-SCALES.
(3) HQ SALARY SCALES - World Bank.
https://thedocs.worldbank.org/en/doc/643781616107534010-0220012021/HQ-SALARY-SCALES.
(4) undefined.
https://www.worldbank.org/.
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