What is the Salary for Computing, Information Technology (IT), Computer Science and Software Engineering Professionals in Malaysia
The salary that one gets from the career is one of the important factors in choosing your course to study in Malaysia. 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. Keep in mind that you will be working in this job for the rest of your life in order to earn money to take care of yourself and your future family. If you have chosen the wrong course and end up struggling to find a job or have a job with low salary, it will be such a stressful future.
The computer science or Information Technology (IT) field career is rewarding as job demand & salary are high. Furthermore, according to statistics, the pay is pretty good in Malaysia and the job prospects keep on increasing each year. Therefore, choosing to study a course in computer science, software engineering or information technology in Malaysia is an excellent choice as the future job demand and salary is fantastic.
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Increased Job Demand in Malaysia for Information Technology (IT) & Software Engineering Professionals
The Information Technology (IT) in Malaysia sector is exceptionally diverse and continues to grow. IT professionals often move between professional specialisations as their interests and expertise grow and change.
Graduating with a Information Technology (IT) degree from a top private university in Malaysia allows you to choose from a wide range of careers in software development, business analysis, ITC consulting, data modelling, systems integration and network management.
According to a report, the job prospects for information technology (IT) professionals in Malaysia is very good and well trained ICT professionals can earn a high salary. It is important to choose the best university in Malaysia to study the Information Technology (IT) diploma or degree course so that you can gain vital knowledge and skills to succeed in your career.
A university degree in Information Technology (IT) is no longer enough to secure a job in Malaysia. Employers in Malaysia are looking for individuals with multiple skill sets. Employers today expect their employees to be able to multitask and communicate well in the English language.
The gap between the demand for information and computer technology (ICT) talent and the supply of that talent is large. Under the MyDigital initiative, the Malaysian government is openly committed to advance the country digitally, aiming to attract and drive investments in the digital economy to create at least half a million jobs by 2025.
According to PIKOM, there are many jobs out there for IT graduates and there are also many jobless IT graduates. The reason for this is that there is a mismatch of the courses with the skill needed. In addition, the training that the students received was not up to the standard needed in the industry.
With the increased demand for trained professionals in information technology (IT) and the many universities for students to choose from, it is important for the student to be able to choose a university that best fits his or her needs – financially, quality, educationally and career. Learn how to become a computer science professional in Malaysia by talking to knowledgeable & experienced counselors and then choosing the best private university for your degree studies. Research the education and career requirements, training and certification information and experience needed to be successful in your future career in Malaysia.
The whole world is moving very fast in the area of technology and many jobs done by humans have been or will be replaced by robots and computers. Therefore, it makes sense to choose to study Information Technology or Software Engineering as the future potential for these careers are very good and the salaries are high and keep on increasing each year.
What is the Salary for Software Engineering & Information Technology (IT) Professionals in Malaysia?
Realising the importance of Information Technology (IT), Malaysia is also working on various plans and strategies both at domestic and international levels. With the support and favourable government policies, Malaysia is also able to keep pace with development and advancements happening at international levels.
Digital Malaysia is such a strategic national programme to move the country towards the digital economy by 2020. The main objective is to promote persistent use of Information Communication Technology (ICT) in all aspects of the Malaysian economy. It will ultimately help develop a global community, increase gross national income and improve the standards of living. In short, it will empower the government, businesses and all Malaysians.
The 2020 Digital Malaysia programme has targeted to produce 160,000 high-value jobs, with additional RM7,000 income per annum for 350,000 citizens. As a part of this programme, digital entrepreneurs, including Malaysian youth and small and medium enterprises (SMEs), will be some of the main target groups.
According to a study conducted by MSC Malaysia on talent demand and supply, the demand for ICT professionals is growing such that annually the ICT industry would need more than 33,000 knowledge workers. By 2018, the total demand for ICT professionals is projected to be 134,438. In 2014, there was a shortage of 5,800 computer science (CS) and information technology (IT) talent workforce against the demand of 13,300.
In short, the supply of computer science (CS) and information technology (IT) graduates fulfils only 60% of the demand in Malaysia. It is important for Malaysia to keep a balance in supply and demand of both fresh and experienced graduates to meet the growing demands of the IT industry.
Malaysia is complementing its requirements by hiring foreign talents from India, Thailand, UK, Japan, China and the Middle East, but there is need to bridge this supply-demand gap from the domestic workforce.
Currently, 59% of the Malaysian IT pool belongs to user groups such as technical helpdesk analysts, IT business analysts and computer operators. However, there is also need to produce more professionals at a creator level, such as software engineers, programmers, solution architects and designers.
At present, programmers and technical support people are the most common roles in the existing workforce. Some 80% of the job vacancies require experienced professionals while the remaining 20% are for fresh graduates.
The IT industry needs 107,000 experienced people and approximately 27,000 fresh graduates between 2014 and 2018. Since 2010, there has been an 8% increase in the salaries of fresh graduates and the trend shows that it will keep increasing.
While multinational companies (MNCs) offer higher starting salary to small and medium enterprises (SMEs), salary increments for IT professionals are more attractive and competitive among SMEs than MNCs.
The average salary of an IT professional is around RM7,000. A typical IT project manager earns a monthly salary of about RM9,000.
In the coming years, the jobs that will be in high demand are software engineers, programmers, mobile application developers, SAP analysts and consultants, animators (graphics and multimedia), customer support engineers, technical support engineers, software architects, IT project managers, IT managers, data centre managers, security specialists, operations heads, network, systems and information security specialists and data analysts.
Similarly, SAP, Oracle and network technologies are expected to be in huge demand as well. The IT industry is now facing a severe shortage of fresh graduates as well as experienced talents in the emerging fields of big data analytics, data science and Internet of Things.
Besides their qualifications, fresh graduates need to have interpersonal communication skills – an absolute necessity these days. The job market for fresh IT graduates and experienced professionals is quite vast. IT professionals are an integral part of any organisation, not just in Malaysia but in other countries too.
To produce a good quality IT talent pool, there is a need to improve the fresh graduates’ soft skills, such as communication, problem solving, presentation and leadership skills, positive attitude and good command of English.
Randstad Malaysia 2022 Market Outlook & Salary Snapshot: Information Technology (IT)
The 2022 Hays Asia Salary Guide – Technology
Government-backed digitalisation to boost talent demand
Despite prolonged lockdowns in 2021, demand for talent in the Technology sector remained steady and resistant to disruption. The main driver of this was the recognition of the digital risks that surfaced because of our new way of working during the pandemic, pushing up the demand for cybersecurity and
In 2022, the continued acceleration of digitalisation and virtualisation across all sectors will see businesses adjusting to sustainability needs, ever-increasing data volumes, and faster computing and network speeds.
Additionally, under the MyDigital initiative, the Malaysian government is openly committed to advance the country digitally, aiming to attract and drive investments in the digital economy to create at least half a million jobs by 2025.
Accordingly, the demand for roles within software and programming, data analytics, and RPA (Robotic Processing Automation) will strengthen rapidly in the coming year. At the same time, the acceleration of the Fintech sector will lead to stronger demand for Product Developer, Product Management Lifecycle, and UI/UX Specialist roles as digital payments and digital banks expand.
Furthermore, the digitalisation of industries such as Retail and Healthcare as well as advancements in Greentech are giving rise to new ways to explore and interpret data. Employers are thus seeking out Data Analysts or Data Scientists who demonstrate creativity and has the business acumen to produce useful
insight for their stakeholders.
Persolkelly Malaysia Salary & Employment Outlook 2021/22 – Information Technology (IT)
The Information and Technology (IT) industry continues to relish tremendous growth since the pandemic started. It is one of the fastest growing sectors in the Malaysian market to date. According to a report by GlobalData Market Opportunities Forecasts, IT expenditure in Malaysia will reach RM103.75 billion by 2023.
The National Policy on Industry Revolution 4.0 (Industry4WRD), spearheaded by the
Ministry of International Trade and Industry (MITI), will play a vital role in promoting digitalisation across all sectors. Businesses are starting to pivot their operations to enable remote capabilities, no longer restricted to borders and time zone differences.
The new norm of working from home is a major contributing factor. As remote work protracts indefinitely, businesses are adapting to a hybrid work model. Larger organisations are making efforts to integrate IT into their operations.
Cybersecurity and data systems integration solutions are burgeoning. The essentialities of such services received acknowledgement by SMEs, and the adoption rate reflects the shift. And predictably, the top 10% of job opportunities in Malaysia are cybersecurity related. More businesses and companies understand
the significance of cybersecurity. With the ongoing global pandemic, most industries are going digital, which indirectly necessitate cybersecurity protection. It is imperative to keep organisations safe by executing new technologies to address the potential risks.
Budget 2021 allocated RM27million for cybersecurity programs alone. That itself forms the fundamental building blocks of the digital transition under the Malaysian Digital Economy roadmap. Although data systems integration (internet of things, artificial intelligence, cloud computing, big data analytics) and cybersecurity remains one of the greater potentials, the government is looking into creating 5G ecosystems.
The local authorities recognise the extensiveness of its business capabilities in powering up Smart Cities in the future. Concurrently, the e-commerce space is revelling positive growth amidst the pandemic. With the MCO in place, consumers shop virtually. Retail sectors are occupying the e-commerce space while platforms such as Lazada and Shopee are booming. The government understands the merits of e-commerce enterprises. Thus, implementing various initiatives to strengthen Malaysia’s digital economy.
In addition, there is an allotment of RM300 million for the existing Penjana Micro & SMEs eCommerce, Penjana Shop Malaysia Online, Selangor e-Bazar and Buy Malaysia initiatives by the government encouraging consumers to shop online. As a result, more than 500,000 local SMEs will procure benefits from them.
As the economy rebounds, the emphasis on Industrial Revolution 4.0 will be the centre of focus. Aligning with the government’s effort, the digital transformation across all sectors and industries will be inevitable. IT professionals will play an active role in the process to keep businesses up-to-date and relevant.