Computing & Information Technology (IT) Professionals in Malaysia can Command High Salaries
Written by EduSpiral Consultant Services. For more information contact 01111408838
The salary that one gets from the career is one of the important factors in choosing our course. We do not want to choose a course and then only find out that it does not pay well after investing so much in the degree.
The IT field is a great place to work and according to statistics, the pay is pretty good in Malaysia and the job prospects are increasing each day.
When choosing the right course to study in Malaysia, one of the criteria that students should look at is the job demand. Job demand for computer science or information technology (IT) jobs is high in demand in Malaysia and globally. There are many types of IT courses and areas that one can work in, therefore it can be confusing to choose the right course to study. If you don’t plan carefully, you may end up studying an IT course that has no job demand after you graduate. This would be an incredible waste of your time and money.
Here at EduSpiral Consultant Services, we do our research on the job demand for the careers in Malaysia, Salary Reports, and universities so that we can advise our students based on facts and evidence. Students need to talk to the right education counselors so that you get the right information to help you in making this life-changing decision.
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Malaysia’s Growth and Investment in the Information Technology (IT) and Digital Economy Increases Job Demand and Salary
Technology will continue to take centre stage in Malaysia’s development in 2020. In addition to the Industry4WRD initiative, the government has identified key digital areas to increase investments in, which include cloud, Internet of Things (IoT), cybersecurity, on-demand marketplace platforms as well as artificial intelligence. In 2020, more companies are also expected to leverage government grants and tax rebates to build a culture that encourages and drives innovation.
With the digital economy contributing to some 19.1 per cent of gross domestic product (GDP) in 2019, it is evident that Malaysia is well on its way to realising the aspiration of integrating the ‘digital’ into the national economy.
This requires a pro-active adaptive policy stance at the federal level to help smoothen business transactions across industries and borders and, at the same time, accelerate programmatic efforts to further expand digital inclusion to ensure that larger swathes of Malaysian society can benefit from the digital economy.
According to the Department of Statistics, the information and communication technology (ICT) sector expanded to RM289.2 billion in 2019 with a growth of 7.1 per cent to touch 19.1 per cent contribution to the nation’s GDP.
Its chief statistician Datuk Sri Dr Mohd Uzir Mahidin explained that the major contributor was ICT services at 43.5 per cent, followed by ICT manufacturing at 33.7 per cent, ICT trade standing at 15.4 per cent and content and media at 7.4 per cent.
Technical field graduates are expected to become a hit in the job market in the future. Future trends indicate that (jobs in) technology-related fields will
become high-demand professions.
Malaysia has an advantageous position as it is in the central geographical location of ASEAN; multicultural and multilingual tapestry; industry-ready talent pool; thriving startup ecosystem; and foreign direct investment (FDI) friendly policies and legal systems which make it a magnet for foreign investors to strengthen their links with local enterprises.
Over the past almost 25 years, an infusion of digital investment in the country’s economy has paid off as multinational companies have come to recognise and trust the country’s potential in the digital economy.
As of 2018, Malaysia’s MSC Malaysia investment, or now known as the digital investment sector has attracted investments surpassing US$78.6 billion (RM320 billion). It has also seen the creation of 182,538 new high-value jobs and the emergence of a domestic ICT industry worth over RM40 billion.
For 2019 alone, Malaysia’s digital economy continues to be a key driver for growth, contributing 19.1% to the national economy, up from 18.7% in 2018 and is expected to exceed the projected target of 20% by 2020. (According to the Department of Statistics, Malaysia)
Malaysian Tech sector thrilled as RISE moves to KL in 2022At the same time, MDEC is also actively encouraging Fourth Industrial Revolution (4IR) by promoting the use of emerging technologies such Artificial Intelligence (AI), Internet of Things (IoT), Big Data Analytics (BDA), fintech, blockchain and drone tech in all industries to transform the country to an innovative digital economy. All these efforts will continue to bolster the digital economy with the government also taking specific steps to ensure the growth of the digital economy is inclusive and achieves shared prosperity for all.
What’s the Salary for Information Technology (IT) or Computing Professionals in Malaysia
Kelly Services Employment Outlook and Salary Guide 2020/2021
The pandemic and MCO has accelerated the growth of Malaysia’s digital economy, now worth over RM270 billion or roughly 18% of Malaysia’s GDP. This segment is expected to reach 20% by end of 2020.
COVID-19 has also been a game changer for digital transformation. As businesses continue their recovery, the IT industry will play a major role in driving the growth of SMEs through improvements in efficiency and productivity, and expanding market reach for entrepreneurs. While details are scant at the moment, the new Digital Economy Masterplan, an initiative to be launched in 2020 to drive digitalisation across all sectors, could spur SME growth further.
In the near to mid-term, COVID-19 may impact several IT segments. For
instance, 5G rollout may be delayed, but the situation is expected to
normalise in 2021. There may also be a slowdown in the delivery of construction projects, although overall impact on data centre operations is expected to be moderate.
Over the next five years, the data centre market should see continued strong growth. The country has turned into a regional hub for companies across industries such as manufacturing, logistics and big data analytics, and rising adoption of cloud-based services by local and global players will drive data centre demand.
Cybersecurity will also be crucial in Malaysia’s move towards a digital economy. Despite a general decline in cybercrime encounters and recent shift to COVID-19 themed attacks, cybercrime remains a serious threat, and companies are being urged to proactively strengthen their cyber defences. Meanwhile, new policies have been introduced to better cybersecurity strategies and mobilise human resources through the creation of a National Cyber Security Workforce.
With artificial intelligence, the Internet of Things, machine learning and big data shaping the future of cybersecurity concerns, cybersecurity professionals will need appropriate skills and training in these areas.
Talent will be indispensable in enabling Malaysia’s vision of becoming a high-
income, knowledge-based society. In particular, professionals skilled in big data analytics are urgently sought after. Information and communications technology managers, systems analysts, software developers, programmers, systems administrators, computer network professionals, and database and network professionals are also critical roles needed to support the tech sector’s growth.
Ranstad Malaysia 2021 Market Outlook & Salary Snapshot: Information Technology (IT)
The demand for technology has created an urgent and unprecedented demand in Malaysia for tech talent, across all companies and industries.
Whether they are in banking, retail, manufacturing, logistics or hospitality, companies are starting to make plans to invest in developing their talent capabilities in Internet of Things (IoT), software development, cloud computing, artificial intelligence, blockchain technology, robotics and more. Organisations are also devoting more resources to improve digital literacy skills among their employees through robust training programmes.
We expect that technology-empowered industries such as e-commerce, fintech, logistics & supply chain, manufacturing, research & development