Finance, Banking & Investment are Top Most In Demand Jobs with High Salaries in Malaysia


Top Jobs in Demand in Malaysia with High Salaries are Finance, Banking & Investment

Written by EduSpiral Consultant Services For more information contact 01111408838

Skilled finance, banking & investment professionals are projected to remain in high demand in Malaysia’s accountancy & finance job market as employers grow their businesses and add more value for clients. Strong demand exists for qualified graduates in finance, banking & investment possessing critical thinking skills, innovative, interpersonal communication skills and a strong command of the English language.

Hays regional director for Malaysia Tom Osborne tells StarBizWeek that as a result of increasing regulations in Malaysia, there will be a high demand for risk professionals this year and also moving forward. Candidates who are able to reduce financial institutions’ exposure to risk will stand out, as employers step up their efforts to ensure they adhere to regulatory requirements, he adds.

The recruitment specialist, for example, expects a credit risk analyst in the banking sector in Malaysia to earn between RM72,000 and RM108,000 a year and an even higher annual salary of RM324,000-plus for a director in the same line of business this year.

By 2020, the Malaysian financial services sector is predicted to create 275,400 new jobs, with positions relating to accounts, investments, international trade, sales and marketing and economics becoming widely available. Therefore, if you have decided on studying a degree in Finance, Banking & Investment, you have made the best choice for a solid future career. Just make sure that you choose the best university in Malaysia for you Finance, Banking & Investment studies.

EduSpiral Consultant Services provides free advise to students after SPM, O-Levels, STPM, A-Levels, UEC, and Pre-University to guide them in choosing the right course and university to study so that they can have a successful career. The aim for EduSpiral Consultant Services in sharing this article is to help students in selecting their course of study and career paths based on areas in demand.

For more information contact 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. 

Increased Demand for Finance, Banking & Investment Professionals in Malaysia

Banking & Finance professionals can earn very high salaries in Malaysia

There is a demand for top graduates in banking and finance in Malaysia. Salaries for banking & finance graduates in Malaysia can be very high. The role of the financial sector is envisioned to continue growing to be a key driver and catalyst of Malaysia’s economic progression. This sector is projected to be more competitive, dynamic, inclusive, diversified, and integrated, with the ability to offer world class financial services, in terms of breadth, depth and quality to serve the needs of Malaysia.

  • Here and around the world, jobs in finance are among the most stable careers. University of California San Diego even cited it as one of the Hottest Careers.  Although Malaysia’s finance sector is growing steadily the supply of talent has begun to decrease.
  • That’s not good news especially now that Malaysia needs more finance talents in preparation for the Tun Razak Exchange (TRX) which is set to bolster the country’s economic landscape.

    EduSpiral emphasised the importance of having good English for our future career. I am glad to join a globalised university which has helped me to improve my communication skills.
    Vincent Yeoh, Accounting & Finance at Asia Pacific University

  • TRX, Malaysia’s version of Wall Street, will bring together local and overseas financial institutions and other corporations in a single area.
  • Malaysia will have one of the largest finance hubs in the region, specifically the Tun Razak Exchange, to be built in the heart of Kuala Lumpur’s commercial district. The hub will incorporate technologies including district-wide digital connectivity, enhanced energy, water and waste management systems, and e-services in its residential and commercial properties.‘This project alone has opened a large number of vacancies for finance professionals now and also the near future.
  • The country is said to require 40,000 qualified financial talents by 2020 yet about 56,000 new finance industry jobs will be available in the next 10 years.  That’s not nearly enough.

In order to succeed in the competitive banking & finance industry, students must choose the best universities in Malaysia to study. A top university in banking, finance and investment courses will help prepare you to succeed in your challenging & competitive future career. Students should choose the right university that fits them which has a good reputation for accounting, banking & finance programmes, excellent facilities, top lecturers, student support services and an English-speaking student environment.

Job Demand for Finance, Banking & Investment Professionals in Malaysia According to Hays

EduSpiral took us to tour the campus and helped us to make a good decision after our A-Levels.
Jolene & Aaron, MA Business & Finance at Heriot-Watt University Malaysia

Internal Auditors, Regulatory Reporting Analysts, and Financial Planning & Analysis professionals are among the skills in high demand across Asia, according to our latest Hays Quarterly Report of jobs in demand.

In Malaysia there is a steady demand for Tax Managers, Accounts Payable/Receivable Managers, CFOs and Financial Controllers, Corporate Finance Managers, Risk Analysts and Credit Risk Managers, and Compliance Officers.

Within commercial businesses we have seen an increase in demand for local tax experts who are able to implement the new GST regulations in Malaysia. As many tax experts often prefer an advisory role to a compliance and regulatory role in business, there is currently a shortage of these professionals. Candidates with international tax knowledge and experience have an added advantage.

Record to Report Leads and Tax Accountants are always two key functions in demand within Shared

While some agents were pushing me to go for universities, EduSpiral took time to share information and take me and my friends for campus tours to help us make a better decision.
Paul Kit, Finance at UCSI University

Service Centres (SSCs) that are required for statutory and financial reporting. This demand has been generated due to the growth of SSC in Malaysia. There is also strong demand for Managers and Team Leaders in SSCs throughout Malaysia due to a shortage of candidates who are able to move up to the managerial level from transactional process positions.

In other trends, within financial services new positions are being created in niche areas, mostly within risk and compliance, and are catering to specific functions within banks. There has also been an increase in contractual roles to help with the many projects the banks are venturing into (mostly for finance technology professionals).

There is still a shortage of candidates for specialised functions within banks. At a mid-management level, employers look for candidates with a good mix of technical knowledge, awareness, and the ability to manage stakeholders well.

Economic Transformation Programme to increase Financial Services Jobs in Malaysia

I was confused about what to study & where to study. EduSpiral spent a lot of time to explain the courses & which ones had bright careers. He also advised me to choose a university that has an English-speaking environment to help improve my language skills. Hui Ying, Diploma in Accounting leading to Finance Degree, Asia Pacific University

I was confused about what to study & where to study. EduSpiral spent a lot of time to explain the courses & which ones had bright careers. He also advised me to choose a university that has an English-speaking environment to help improve my language skills.
Hui Ying, Diploma in Accounting leading to Finance Degree, Asia Pacific University

One of those opportunities is the Economic Transformation Programme (ETP), widely seen as Malaysia’s vehicle of growth.

The ETP is a comprehensive government initiative that aims to turn Malaysia into a high-income economy by 2020, with the goal of doubling Malaysia’s per-capita gross national income (GNI) from US$6,700 (RM23,700) in 2009 to more than US$15,000 (RM48,000) in 2020.

The ETP’s potential implications for retail banking especially are profound. As Malaysia is still largely a consumer-driven economy, it is predicted that the opportunity for growth in the retail industry is significant. Another area where the ETP will have a positive impact is investment banking.

The ETP also projects a total investment of RM1.2tril. A targeted average of RM115bil per year is expected from the private sector between 2011 and 2015.

As of July 2011, RM170bil worth of projects has been announced in Entry Point Projects, one of which is the proposed Klang Valley Mass Rapid Transit programme.

The need for private sector capital will be enhanced by the courting of investment from a wider range of countries that reduces Malaysia’s exposure to the fallout in the US and Europe. China, India and the Middle East now rank as major additions to the country’s portfolio.

The response towards the ETP has been positive, and is borne out by the figures. Foreign Direct Investment (FDI) in the first quarter of 2011 was already RM11bil, compared to RM 29.3bil for the whole of 2010.

Studying Finance in Malaysia

EduSpiral helped me to find the right college for A-Levels, & now they have helped me to choose what to study after my A-Levels.
Chee Kin, Actuarial & Finance degree at UCSI University

Finance studies and addresses the ways in which individuals, businesses and organizations raise, allocate and use monetary resources over time, taking into account the risks entailed in their projects. The term finance may thus incorporate any of the following: * The study of money and other assets* The management of those assets* Profiling and managing project risks* As a verb, “to finance” is to provide funds for business.  Finance is the most encompassing of all business enterprises.  To understand finance you must know about the entire business, indeed the entire economy.

“Finance” is a broad term that describes two related activities: the study of how money is managed and the actual process of acquiring needed funds. Because individuals, businesses and government entities all need funding to operate, the field is often separated into three sub-categories: personal finance, corporate finance and public finance.

All three categories are concerned with activities such as pursuing sound investments, obtaining low-cost credit, allocating funds for liabilities, and banking. Yet each has its own specific considerations. For example, individuals need to provision for retirement expenses, which means investing enough money during their working years and ensuring that their asset allocation fits their long-term plans. A large company, on the other hand, may have to decide whether to raise additional funds through a bond issue or stock offering. Investment banks may advise the firm on such considerations and help them market the securities.

As for public finance, in addition to managing money for its day-to-day operations, a government body also has larger social responsibilities. Its goals include attaining an equitable distribution of income for its citizens and enacting policies that lead to a stable economy.

Salary of Finance, Banking & Investment Professionals in Malaysia 2017 according to Humanresourcesonline.com

Banking and financial services – salary and job outlook 2017

EduSpiral provided me with in-depth advise on choosing the right course for my career.
Terence Wong, Business at Taylor’s University

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

 

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

 

Top Private Universities in Malaysia with for Finance, Banking and Investment Degree Programmes

EduSpiral took us to tour the campus and helped us to make a good decision after our A-Levels.
Jolene & Aaron, MA Business & Finance at Heriot-Watt University Malaysia

Students after SPM or O-Levels with at least 5 credits including the relevant subjects may enter a Foundation in Business or Foundation in Arts at a top private university in Malaysia for 1 year before continuing on to the 3-year banking or finance degree programme.

Pre-University graduates in Malaysia from programmes such as UEC, STPM, A-Levels, SAM, CPU, AUSMAT and others may enter directly into the degree providing they meet the minimum entry requirements.

Students with at least 3 credits in SPM or O-Levels may go for the Diploma in Accounting or Diploma in Finance and then enter into Year 2 of the accounting, banking or finance degree programme.

Private Universities in Malaysia with First Rate Accounting & Finance Degree Programmes

What you can work as in the Finance Industry in Malaysia

Administrative Executive Commodities Trader Financial Planner
Appraiser Consumer Credit/Loan Officer Foreign Exchange Trader
Audit Manager Controller Government Official
Bank Manager Cost Manager Industrial/Institutional Buyer
Bank Representative CPA Insurance Agent/Broker
Bookkeeper Credit Counselor International Trade Specialist
Branch Manager Credit Manager Investment Banker
Budget Analyst Economist Investment Researcher
Business Analyst Estimator Investor Relations
Loan Administrator External Auditor Loan Officer
Business Manager Finance Writer Loan Processor
Chief Executive Officer Financial Analyst Management Accountant
Chief Financial Officer Financial Consultant Market Research Analyst
Claim Adjuster/Examiner Financial Economist Mergers/Acquisitions Mgr
Mutual Fund Manager Property Manager Securities Analyst
Mutual Fund Trader Rate Analyst Securities Broker
Payroll Administrator Real Estate Developer Stockbroker
Portfolio Analyst Sales Analyst
Treasury Management Specialist Trust Analyst

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

EduSpiral emphasised the importance of having good English for our future career. I am glad to join a globalised university which has helped me to improve my communication skills.
Vincent Yeoh, Accounting & Finance at Asia Pacific University

wide 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 August 13, 2017, in Education and tagged , , , , , , , . Bookmark the permalink. Leave a comment.

Please tell us what you think or leave your question here and we will answer you asap

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: