Malaysia’s Salary & Job Report 2017 According to Ambition’s Quarterly Market Insights


Malaysia’s Salary & Job Report 2017

For more information on how to choose the right course contact 01111408838

When choosing the right course to study in Malaysia, one of the criteria that students should look at is the job demand. If you don’t plan carefully, you may end up studying a course that has no job demand after you graduate in Malaysia. This would be an incredible waste of your time and money.

EduSpiral Consultant Services is a professional university placement centre in Malaysia advising students on how to choose the right course and private university to study. We do our research from reports by job recruitment companies in Malaysia and try our best to help students to choose the best course to study in Malaysia that fits them and that has a good job demand in Malaysia with a high salary.

We have found the report by Ambition to be useful for students to read through to give them an insight into the job market and salary in Malaysia. The report will help you to decide on the jobs in information technology, banking & finance, accounting & finance and digital in Malaysia. You may download the report here at this link Malaysia Technology Market Insights Q2 2017 For more advise on choosing the right course or university in Malaysia, please contact EduSpiral Consultant Services.

For more information on how to choose the right course, Whatsapp 01111408838

Please fill up the form for more information. If you do not give your mobile number or full name as in IC, your query will not be answered. Please make sure you give a correct email address and check your email including the SPAM or JUNK email folder within 48 hours as we will email you the information. 

Malaysia’s Salary and Job Outlook 2017 According to Ambition’s Quarterly Market Insights

After I finished my SPM, I felt confused about my further study. Eduspiral, was so patient to answer all my questions and took us around for a campus tour.
Hui Ying, Diploma in Accounting at Asia Pacific University

Prospects for technology recruitment in 2017 are very positive as employers are driven by Malaysia’s blend of price point and quality in this sector, according to Ambition’s quarterly market insights report for Q4 2016.

The report also found that Malaysia’s banking and financial services market has continued to established itself as a mainstay global service centre hub, for middle and back office functions for some of the world’s largest organisations.

The report covers salary and job outlook data across four sectors:

  1. Technology
  2. Banking and financial services
  3. Finance and accounting
  4. Digital

Malaysia’s Technology Salary and Job Outlook 2017

Prospects are bright as employers are driven by Malaysia’s blend of price point and quality. There is an uptake in the creation of centres of excellence, resulting in increased demand for specialist talent further up the value chain.

Malaysia is currently less competitive on cost point alone compared to other typical offshore centres, such

I was confused about what to study and talking to EduSpiral helped me a lot. Coming from Sarawak made it difficult for me to know which university was best in Malaysia & EduSpiral provided good insights.
Eric Lu, Business at KDU University College

as Chennai and Manila. However, if you factor in the quality, seniority and specialist nature of IT professional that can be hired here, Malaysia is now moving towards being a cost-effective alternative to Singapore and Hong Kong, a move away from the typical offshore BPO model.

Moving into Q1 2017, significant growth is expected across the following sectors:

  • Infrastructure services such as networks, platforms and specialist areas such as cloud and virtualisation;
  • Salaries of IT directors with more than 10 years of experience pegged at RM250k-360k per annum;
  • ERP, EAI and other specialist off-the-peg solutions from large vendors such as SAP, Oracle and Salesforce;
  • Solutions architect for application development can take home in the range of RM180k-250k per month.
  • Business transformation, an increasingly dominant area of IT, leading to demand for professionals in project management, program management, PMO and change management.

Technology salaries for 2017

 

Malaysia’s Banking and financial services salary and job outlook 2017

Drawing from lessons learnt in previous years, a number of banks are becoming more strategically aligned on locally available talent, and are continuing to grow largely across investment banking, wealth, risk and AML / compliance operations.

That said, 2016 saw smaller pockets of niche capital market and AML analysis or optimisation operational skillsets, with Kuala Lumpur attracting both expat talent and returning Malaysians given the instability and changes to many mainstay frontline markets.

The following is the sectoral outlook:

  • With a number of the global banks continuing to migrate functions to Kuala Lumpur, there is a need for business change teams, process engineers, business analysts, and project managers;
  • Regional finance controllers can earn in the range of RM220k-280k per annum this year;
  • As  a number of projects are being undertaken based in China / Hong Kong, there is an increased need for language fluency in Mandarin or Cantonese;
  • Head of tax roles are in demand with anticipated yearly salary at RM250k-300k;
  • There is a return in demand for audit, risk and compliance talent, particularly those focused on AML and FCC operations, as global markets have become more heavily regulated.

Banking and financial services salaries for 2017

 

Malaysia’s Finance and accounting salary and job outlook 2017

  • In the months ahead, shared services hubs are expected to focus on volume hiring, leading to an upward trajectory in demand for experienced accounting and risk professionals.
  • Experienced CFOs (15+ years) can pocket in the range of RM 360k-540k annually.
  • The market favours job seekers, with demand for change management as well as migration professionals, especially those with project management and Lean Six Sigma qualifications.
  • Demand is also high for audit heads, who can anticipate per annum salary of 250k-300k.
  • By centralising global or regional functions in a shared services hub, there is demand for those experienced in financial analysis, financial planning and analysis, taxation, and compliance.

Finance and accounting salaries in 2017

 

Malaysia’s Digital salary and job outlook 2017

  • With 675 million smartphones in service in Asia today, demand for iOS, Android and Full Stack mobile developers to be at a peak towards the end of 2017.
  • CIO/CTO titles are taking home RM360k-600k per annum, while engineering heads or vice president titles fall in a similar RM300k-600k range.
  • With investments in big data, mobilisation and content marketing on social media platforms, there is demand for influencer marketers, data scientists, and social media experts.
  • Despite Malaysia being an excellent talent base, some challenges are foreseen in terms of its local talent pool’s ability to meet digital expertise demand.

Digital salaries for 2017

Paul Endacott, regional MD of Asia at Ambition, commented on the necessity for businesses to go digital. “This is more so in Malaysia where there are emerging centres of excellence, resulting in increased demand for digital and technology services through investment and development whilst the country’s capital is seen as a logistically viable, cost-effective and business-friendly regional business hub.”

However, he pointed out that this will cause a talent shortage despite the increase in expatriates and returning Malaysians.

“Organisations are encouraged to hire based on trainable potential and transferable qualities such as problem-solving or general coding ability, failing which these organisations will likely face a standstill and a faltering process of knowledge transfer to fuel talent growth.”

EduSpiral Consultant Services- Your Personal Online Education Advisor

Established since 2009, EduSpiral Consultant Services helps provide information and counselling on courses and universities in Malaysia.

EduSpiral Consultant Services represents the best colleges and universities in Malaysia offering a wide

I didn’t want to leave Penang for my studies but EduSpiral provided detailed information to help me make my decision.
Vincent Lim, Software Engineering, Asia Pacific University

range of choices for students to choose from. These colleges and universities offer value for money in the quality of education and excellent facilities that you get.

These universities and colleges are chosen by EduSpiral because they represent the best in their fields in Malaysia and affordable. EduSpiral provides in-depth information and counseling on their courses so that students are able to make the right choice.

If you are still not sure what to study, please contact us and we will send you a free EduSpiral Career Assessment Form.

Please contact us for more details.

Please fill up the form for more information. If you do not give your mobile number or full name as in IC, your query will not be answered. Please make sure you give a correct email address and check your email including the SPAM or JUNK email folder within 48 hours as we will email you the information. 

About EduSpiral Consultant Services

EduSpiral seeks to offer information and advise on courses & careers and placement services to top private colleges & universities in Malaysia & Singapore. Our experienced consultants will share from years of counselling students to guide students personally on to the best possible career choice. The decision that you make now, can change your life forever....so make it wisely.

Posted on July 26, 2017, in Accounting & Finance, Business, Career Choices, Choosing the right course, Computing & IT, Finance, Job Outlook, Jobs with high salary, Salary Report and tagged , . Bookmark the permalink. Leave a comment.

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