Top Jobs in Malaysia in Banking, Finance & Investment and their Salaries

Study at Top Private Universities in Malaysia Best for Banking, Finance & Investment to Achieve a High Salary

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Worldwide, the financial services sector records the highest earnings and drives a country’s economic growth.  The Financial sector stands as one of the largest sectors in Malaysia with more than 300,000 people employed. This sector is made up by professionals in the Accounting, Banking, Economics, Finance, Insurance and Statistics and Taxation sub-sectors. An important industry for the country, it contributes up to 11 percent of the nation’s Gross Domestic Product (GDP).

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.

In today’s ever-changing world, finance graduates are highly sought-after in a cross-section of industries which each offer a variety of job opportunities. Therefore, having a finance qualification can lead to a rewarding career. A fast-track career in finance depends on a good understanding of market movements and the diverse investment market.

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.

Recommended courses to study: Finance, Banking & Finance, Finance & Investment, Economics, Business Administration, Accounting & Finance or Accounting

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Positive Future Job Demand & High Salary for Banking, Finance & Investment Professionals in Malaysia

Accounting graduate from Asia Pacific University (APU)

“I met up with EduSpiral about 4 times in Ipoh & at Asia Pacific University to discuss about my future. He provided me with in-depth information and even arranged for me to meet up with the Head of School at APU to talk to me.”
Kar Jun, Accounting graduate from Asia Pacific University (APU)

In today’s business climate where change and growth are inextricably linked, quality talent with the ability to adapt is fast becoming a desired commodity particularly within banking and finance circles.

According to a report by Bank Negara Malaysia, net hiring trends by the financial sector have been positive in recent years. At end-2017, 164,884 were employed by the financial sector, with Malaysians comprising a significant majority of the workforce (99.6%).

Over the past three years (2015-2017), a total of 24,630 jobs were created, of which 90.6% constituted high-skilled positions.

In the banking and finance industry, employers continue to favour candidates with regional and international experience. At the same time, knowledge of local regulations are equally important. Regulators in Malaysia are tightening governance measures and it is important for one to be able to balance best global practices with understanding of the local market.

Banks in particular want new hires that can help with their plans to internationalise their organisations. Not surprisingly, candidates want to join organisations with a global company culture that offer mobility and opportunities to develop international experience.

THE INSIDE STORY OF BANKING & FINANCE IN MALAYSIA by Hays Malaysia

Finance & Investment Graduate from UCSI University

EduSpiral advised me to study Finance because it had high job demand & salary.
Darren, Finance & Investment Graduate from UCSI University

“The growth of Malaysia’s banking industry has slowed amidst cost pressures, interest rate cuts and a
weak global economy,” says Sue Jean Lee, Team Manager at Hays Malaysia.

“Initially we saw a decrease in hiring, and some Financial Institutions (FI) stopped hiring during the initial MCO period in
March and April. But now that we well into the middle of the CMCO (Conditional Movement Control Order) period, every bank has restarted their recruitment processes.” These sentiments are echoed by Jet Wong, Senior Consultant at Hays.

“The six months of moratorium policy issued by the Central Bank severely impacted all banks and insurance companies, particularly local banks that were more focused towards Retail and SME customers. We also saw a number of
mergers being put on hold due to the pandemic, such as the merger between Danajamin Nasional Berhad and Malaysian Development Bank (BPMB) that was highlighted in our national budget.

This is indicative of mergers and the business atmosphere across the sector at this time. However, most FI are steadily getting back to speed in terms of both hiring and business activity.”

ROLES AND SKILLS IN DEMAND

Both junior-mid level as well as senior level roles have seen consistent hiring, but the former has seen more traction in recent times. On the junior-mid level, claims & underwriting (insurance), compliance review/AML, relationship managers, investment specialists, trade operations / dealers and credit related roles (audit, review, evaluation) have seen most traction. “These roles have seen a constant stream of demand, with the only downside being that hiring companies have become a lot more selective in their requirements.

More traditional institutions in particular would be looking for a candidate who is at least a 75 per cent fit to their ideal match,” says Jet. He adds that understanding of banking credit, trade financing and regulatory requirements are key areas of knowledge that are in demand for such roles. Candidates would also be more likely to be hired if they had excellent communication, presentation and relationship management skills.

On the senior level, actuary and governance related roles such as chief internal auditor, chief risk officer, chief compliance officer. Roles in the former have seen steady demand but remain difficult to fill. “There are less than 200 qualified actuary professionals in Asia,” says Jet.

“The shortage of such talent has also been exacerbated by a brain drain in this area as insurance is still relatively at infancy stage in Malaysia. Without the opportunity to be exposed to more complex products, many professionals seek to move outside of the country rather than within.”

However governance-related roles have continued to see some movement, as Sue Jean explains, “The Central Bank issues new regulations for FI every quarter, which has led to a lot of pressure from management and regulators to have senior governance professionals in place. Many of the qualified candidates for such roles are generally highly experienced senior candidates who may opt for early retirement and are thus more available to movement at this time.”

Demand for Risk & Compliance Professionals

Meanwhile, greater regulation and guidelines from Bank Negara Malaysia has driven up hiring levels of regulatory compliance professionals and roles focused on financial crime protection such as anti-money laundering and investigations at all levels from juniors right up to head of department roles.

And, with financial institutions strengthening their governance structures, positions to manage anti-money laundering activities, sales and regulatory compliance, are opening up. New rules and regulations for financial institutions are being introduced, so, there’s a greater demand for risk managers and compliance professionals.

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. Risk and compliance will be two hot areas where fierce competition will take place for the right candidate

First, there was the enactment of the Central Bank of Malaysia Act 2009 and Financial Services and Islamic Financial Services Acts of 2013 which led to stricter legal and regulatory requirements.

Then, there were continued and consistent efforts to strengthen risk management, governance and effective supervision. A combination of the two has resulted in a growing demand in risk, compliance, governance and audit roles in this sector.

While noting that there is a steady supply of those who can handle audit, risk and compliance work to meet the demands of the banking and financial services sector, the firm notes that there is a lack of experienced talent to deal with financial crime against a backdrop of strict criteria and regulatory restrictions in hiring them.

The latest set of demands for independent credit reviews (ICRs) by the BNM calls for banks to create teams to carry out an additional layer of review.

Credit auditors, credit risk and review experts are, as a result, highly sought after. Risk managers with an aptitude in risk analytics and working knowledge in SAS, SQL and VBA have the advantage in the candidate-driven employment market.

Tun Razak Exchange (TRX)

“I was confused and had some questions. EduSpiral met up with me and my mum to explain more about the course and helped me choose the right course.”
Gary, Accounting Graduate from University of Wollongong Malaysia (UOWM) KDU

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.

TRX, Malaysia’s version of Wall Street, will bring together local and overseas financial institutions and other corporations in a single area. 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.

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.

Job Positions in Demand

Internal Auditors, Regulatory Reporting Analysts, and Financial Planning & Analysis professionals are among the skills in high demand across Asia, according to Hays Recruitment Specialists. 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.

About 8 out of 10 employers in financial services industry struggling for talent

"I met up with EduSpiral about 4 times in Ipoh & at Asia Pacific University to discuss about my future. He provided me with in-depth information and even arranged for me to meet up with the Head of School at APU to talk to me." Kar Jun (Left), Accounting graduate from Asia Pacific University (APU)

“I met up with EduSpiral about 4 times in Ipoh & at Asia Pacific University to discuss about my future. He provided me with in-depth information and even arranged for me to meet up with the Head of School at APU to talk to me.”
Kar Jun (Left), Accounting graduate from Asia Pacific University (APU)

Almost eight out of every 10 employers in the financial services industry in Malaysia are struggling to find talent, according to two research reports by the Asian Institute of Finance (AIF) in 2015.

The reports, titled Talent Gaps in the Financial Services Industry in Malaysia and Skills Gaps in the Financial Services Industry in Malaysia present the results of surveys conducted with over 3,200 finance professionals across banking, capital markets, Islamic finance and insurance in Malaysia.

“Based on our extensive industry research, 76% of employers in the country are struggling with talent shortages and more than half of these organisations say that this problem will continue to hinder organisational growth over the next three years,” AIF’s chief executive officer Dr Raymond Madden said in the statement today.

The survey findings reveal that the financial services industry is facing acute skill gaps, with financial service professionals found to be lacking in the skills needed for their organisations to grow and compete.

The AIF survey results show that currently half of all Malaysian hiring managers and human resource directors cite the lack of a competent and skilled pool of candidates as a major reason for the acute shortage of talent they are experiencing.

“We believe this research raises important considerations for the financial services industry in planning for future growth.

“In addition to putting in place measures to up-skill their workforce, organisations should also be influenced to reassess their talent needs in terms of strategic focus. These are issues that we are exploring at the AIF symposium over the next two days,” Madden added.

AIF is hosting an international symposium for today and tomorrow themed “Bridging the Talent Gap” to address the growing talent shortage in the financial services industry.

AIF is a think tank jointly established by Bank Negara Malaysia and the Securities Commission Malaysia to enhance human capital development and talent management across the financial services industry in Asia.

What are the Average Salaries for Malaysian Professionals in Banking & Financial Services?

Michael Page Salary Benchmark 2020

Michael Page Salary Benchmark 2020 reports the yearly salaries for the various Finance Job Positions in the Fast Moving Consumer Goods (FMCG) & Retail Sector:

  • Senior Finance Manager RM180,000 to RM264,000
  • Finance Director RM300,000 to RM480,000
  • Financial Analyst RM72,000 to RM108,000
  • Business Analyst RM60,000 to RM120,000
  • Senior Financial Analyst RM96,000 to RM120,000
  • Financial Planning & Analysis (FP&A) Specialist RM84,000 to RM180,000

Michael Page Salary Benchmark 2020 reports the yearly salary for the Financial Analyst in the Technology & Telecommunications Sector earns from RM70,000 to RM84,000

Michael Page Salary Benchmark 2020 reports the yearly salaries for the following Banking Positions in the Financial Services Sector:

  • Branch Manager RM60,000 to RM264,000
  • Senior Corporate Banker RM180,000 to RM300,000
  • Head of Corporate Banking RM300,000 to RM600,000
  • Head of Commercial Banking RM240,000 to RM450,000
  • Relationship Manager (Retail) RM36,000 to RM108,000
  • Relationship Manager (Commercial / Corporate) RM65,000 to RM210,000
  • Director Relationship Management RM200,000 to RM360,000

Michael Page Salary Benchmark 2020 reports the yearly salaries for the following Finance Positions in the Financial Services Sector:

  • Chief Financial Officer RM420,000 to RM540,000
  • Chief Risk Officer RM240,000 to RM480,000
  • Chief Compliance Officer RM240,000 to RM480,000
  • Operations Executive RM48,000 to RM66,000
  • Credit Control Manager RM96,000 to RM120,000
  • Director Credit Control RM120,000 to RM144,000
  • Head of Financial Reporting RM192,000 to RM216,000
  • Head of Treasury RM180,000 to RM216,000
  • Transaction Banking Lead RM216,000 to RM217,000
  • Head of Finance RM204,000 to RM264,000
  • Vice President Finance RM180,000 to RM300,000
  • Insurance Advisor RM72,000 to RM96,000
  • Senior Insurance Manager RM360,000 to RM420,000
  • Head of Sales RM144,000 to RM240,000
  • Regional Head of Sales RM300,000 to RM500,000
  • Personal Financial Consultant RM36,000 to RM60,000
  • Bancassurance Specialist RM72,000 to RM144,000
Kelly Services 2019/2020 Salary Guide

According to Kelly Services 2019/2020 Salary Guide, the monthly salaries (RM) for Banking & Financial Services are (SVP/VP/AVP – Grade) :

  • Relationship Manager (Corporate Banking/Global Wholesale Banking/Investment Banking)
    • SVP >15 years experience range from 28,000 to 48,000
    • VP 10-15 years experience range from 16,000 to 36,000
    • AVP 8-12 years experience range from 11,000 to18,000
  • Relationship Manager (Commercial Banking/Mid Corp)
    • SVP >15 years experience range from 25,000 to 38,000
    • VP 10-15 years experience range from 14,500 to 20,000
    • AVP 8-12 years experience range from 11,000 to 13,500
  • Relationship Manager (Private Investment Banking/ Premier/Preferred/Priority Banking)
    • SVP >15 years experience range from 24,000 to 35,000
    • VP 10-15 years experience range from 14,500 to 20,000
    • AVP 8-12 years experience range from  9,000 to 13,500
  • Debt Capital Markets
    • SVP >15 years experience range from  28,000 to 38,000
    • VP 10-15 years experience range from 15,000 to 20,000
    • AVP 8-12 years experience range from 12,000 to 15,000
  • Equity Capital Markets
    • SVP >15 years experience range from 28,000 to 42,000
    • VP 10-15 years experience range from 15,000 to 23,000
    • AVP 8-12 years experience range from 12,000 to 15,000
  • Treasury Markets
    • SVP >15 years experience range from 20,000 to 40,000
    • VP 10-15 years experience range from 18,000 to 25,000
    • AVP 8-12 years experience range from 9,000 to 13,500
  • Fund Management
    • SVP >15 years experience range from 20,000 to 38,000
    • VP 10-15 years experience range from 18,000 to 24,000
    • AVP 8-12 years experience range from 9,000 to 13,500
  • Merchant Sales (Retail Banking)
    • VP >15 years experience range from 14,500 to 20,000
    • AVP 8-12 years experience range from 9,000 to 13,500
  • Branch Manager (Retail Banking)
    • AVP/VP >8 years experience range from 8,000 to 15,000
  • Strategic Planning & Financial Analysis
    • SVP >15 years experience range from 28,000 to 38,000
    • VP 10-15 years experience range from 15,000 to 20,000
    • AVP 8-12 years experience range from 12,000 to 15,000
  • Fund Accounting (Shared Services Centre)
    • SVP >15 20,000 to 30,000
    • VP 10-15 years experience range from 13,000 to 19,000
    • AVP 8-12 years experience range from  8,000 to 13,000
  • Product Development (Retail Banking)
    • SVP >15 years experience range from 21,000 to 29,000
    • VP years experience range from 10-15 14,000 to 18,000
    • AVP years experience range from  8-12 9,000 to 14,000
  • MIS Reporting
    • SVP >15 years experience range from 22,000 to 28,000
    • VP 10-15 years experience range from 14,000 to 18,000
    • AVP 8-12 years experience range from 8,000 to 13,000
  • Credit Analyst (Corporate Banking/Global Wholesale Banking/Investment Banking)
    • SVP >15 years experience range from 24,000 to 40,000
    • VP 10-15 years experience range from 18,000 to 26,000
    • AVP 8-12 years experience range from 12,000 to 15,000
  • Credit Risk (Corporate Banking/Global Wholesale Banking/Investment Banking)
    • SVP >15 years experience range from 24,000 to 32,000
    • VP 10-15 years experience range from 18,000 to 24,000
    • AVP 8-12 years experience range from 11,000 to 15,000
  • Operational Risk (Corporate Banking/Global Wholesale Banking/Investment Banking)
    • SVP >15 years experience range from 24,000 to 32,000
    • VP 10-15 years experience range from 18,000 to 24,000
    • AVP 8-12 years experience range from 11,000 to 15,000
  • Market Risk (ALM & CbSM)
    • SVP >15 years experience range from 25,000 to 36,000
    • VP 10-15 years experience range from 18,000 to 23,000
    • AVP 8-12 years experience range from 12,000 to 17,000
  • Internal Auditor
    • SVP >15 years experience range from 24,000 to 32,000
    • VP 10-15 years experience range from 18,000 to 24,000
    • AVP 8-12 years experience range from 11,000 to 15,000
  • Group Compliance (Investment Banking/Commercial Banking & Insurance)
    • SVP >15 years experience range from 24,000 to 32,000
    • VP 10-15 years experience range from  18,000 to 24,000
    • AVP 8-12 years experience range from  11,000 to15,000
  • AML (Investigations)
    • SVP >15 years experience range from 25,000 to 35,000
    • VP 10-15 years experience range from 15,000 to 23,000
    • AVP 8-12 years experience range from 9,000 to 15,000
  • Process Re-engineering (bPI/Operations)
    • SVP >15 years experience range from 25,000 to 32,000
    • VP 10-15 years experience range from 15,000 to 22,000
    • AVP 8-12 years experience range from 10,000 to 15,000
  • Project Change Management
    • SVP >15 years experience range from 25,000 32,000
    • VP 10-15 years experience range from 15,000 to 22,000
    • AVP 8-12 years experience range from 10,000 to15,000
  • Facility Management (Investment Banking)
    • SVP >15 years experience range from 18,000 to 23,000
    • VP 10-15 years experience range from 13,000 to 17,000
    • AVP 8-12 years experience range from 8,500 to 12,000
  • Credit Administration (Commercial Banking)
    • SVP >15 years experience range from 18,000 to 22,000
    • VP 10-15 years experience range from 12,000 to 15,000
    • AVP 8-12 years experience range from 8,000 to 11,000
  • Treasury Operations (Shared Services Centre)
    • SVP >15 years experience range from 25,000 to 32,000
    • VP 10-15 years experience range from 15,000 to 22,000
    • AVP 8-12 years experience range from 10,000 to 15,000
  • Custodian Services (Shared Services Centre)
    • SVP >15 years experience range from 25,000 to 32,000
    • VP 10-15 years experience range from 15,000 to 22,000
    • AVP 8-12 years experience range from 10,000 to 15,000
  • AML Monitoring (Shared Services Centre)
    • SVP >15 years experience range from 25,000 to 32,000
    • VP 10-15 years experience range from 15,000 to 20,000
    • AVP 8-12 years experience range from 10,000 to 15,000

Robert Walters Salary Survey 2020 Malaysia

Robert Walters Salary Survey 2020 Malaysia – Kuala Lumpur (Salaries are yearly in ‘000 RM)

  • Banking & Financial Services
  • Global Markets
    • Treasury Sales
      • 4 – 7 YRS’ EXP 78 – 192k
      • 8 – 12 YRS’ EXP 192 – 360k
      • 12+ YRS’ EXP 360k+
    • Treasury Trader
      • 4 – 7 YRS’ EXP 78 – 192k
      • 8 – 12 YRS’ EXP 192 – 360k
      • 12+ YRS’ EXP 360k+
  • Investment Banking
    • Corporate Finance
      • 4 – 7 YRS’ EXP 84 – 144k
      • 8 – 12 YRS’ EXP 144 – 192k
      • 8 – 12 YRS’ EXP 192k+
    • Mergers & Acquisitions
      • 4 – 7 YRS’ EXP 84 – 144k
      • 8 – 12 YRS’ EXP 144 – 240k
      • 12+ YRS’ EXP 240k+
    • Debt/Equity Capital Markets
      • 4 – 7 YRS’ EXP 72 – 192k
      • 8 – 12 YRS’ EXP192 – 300k
      • 12+ YRS’ EXP 300k+
  • Investment Management
    • Private Equity
      • 4 – 7 YRS’ EXP 108 – 240k
      • 8 – 12 YRS’ EXP 240 – 400k
      • 12+ YRS’ EXP 400k+
    • Fund Manager
      • 4 – 7 YRS’ EXP 84 – 216k
      • 8 – 12 YRS’ EXP 216 – 400k
      • 12+ YRS’ EXP 400k+
    • Research Analyst
      • 4 – 7 YRS’ EXP 60 – 180k
      • 8 – 12 YRS’ EXP 180 – 300k
      • 12+ YRS’ EXP 300k+
  • Transaction Banking
    • Cash Management
      • 4 – 7 YRS’ EXP 60 – 120k
      • 8 – 12 YRS’ EXP 120 – 240k
      • 12+ YRS’ EXP 240k+
    • Trade Finance
      • 4 – 7 YRS’ EXP 60 – 120k
      • 8 – 12 YRS’ EXP 120 – 240k
      • 12+ YRS’ EXP 240k+
  • Wholesale Banking
    • Corporate Banking (RM)
      • 4 – 7 YRS’ EXP 55 – 120k
      • 8 – 12 YRS’ EXP 120 – 240k
      • 12+ YRS’ EXP 240k+
    • SME & Commercial Banking (RM)
      • 4 – 7 YRS’ EXP 55 – 108k
      • 8 – 12 YRS’ EXP 108 – 180k
      • 12+ YRS’ EXP 180k+
  • Digital Banking
    • Digital Sales
      • 4 – 7 YRS’ EXP 60 – 96k
      • 8 – 12 YRS’ EXP 96 – 168k
      • 12+ YRS’ EXP 168k+
    • Digital Products
      • 4 – 7 YRS’ EXP 72 – 120k
      • 8 – 12 YRS’ EXP 120 – 204k
      • 12+ YRS’ EXP 204k+
  • MIDDLE & BACK OFFICE
  • Operations
    • Banking Operations
      • 4 – 7 YRS’ EXP 36 – 96k
      • 8 – 12 YRS’ EXP 96 – 144k
      • 12+ YRS’ EXP 144k+
    • Project/Change Management
      • 4 – 7 YRS’ EXP 72 – 120k
      • 8 – 12 YRS’ EXP 120 – 240k
      • 12+ YRS’ EXP 240k+
    • Strategy
      • 4 – 7 YRS’ EXP 72 – 120k
      • 8 – 12 YRS’ EXP 120 – 204k
      • 12+ YRS’ EXP 204k+
    • Customer Experience
      • 4 – 7 YRS’ EXP 60 – 96k
      • 8 – 12 YRS’ EXP 96 – 240k
      • 12+ YRS’ EXP 240k+
    • Data Analytics
      • 4 – 7 YRS’ EXP 60 – 120k
      • 8 – 12 YRS’ EXP 120 – 240k
      • 12+ YRS’ EXP 240k+
  • Finance
    • Financial & Performance Management
      • 4 – 7 YRS’ EXP 60 – 120k
      • 8 – 12 YRS’ EXP120 – 180k
      • 12+ YRS’ EXP 180k+
    • Regulatory Reporting
      • 4 – 7 YRS’ EXP 72 – 90k
      • 8 – 12 YRS’ EXP 90 – 168k
      • 12+ YRS’ EXP 168k+
    • Capital Balance Sheet Management
      • 4 – 7 YRS’ EXP 72 – 108k
      • 8 – 12 YRS’ EXP 108 – 180k
      • 12+ YRS’ EXP 180k+
    • Business Finance
      • 4 – 7 YRS’ EXP 60 – 102k
      • 8 – 12 YRS’ EXP 102 – 168k
      • 12+ YRS’ EXP 168k+
  • Insurance
    • Actuarial – Pricing & Valuation
      • 4 – 7 YRS’ EXP 90 – 180k
      • 8 – 12 YRS’ EXP 180 – 264k
      • 12+ YRS’ EXP 264k+
    • Claims
      • 4 – 7 YRS’ EXP 48 – 102k
      • 8 – 12 YRS’ EXP 102 – 156k
      • 12+ YRS’ EXP 156k+
    • Underwriting
      • 4 – 7 YRS’ EXP 48 – 102k
      • 8 – 12 YRS’ EXP 102 – 168k
      • 12+ YRS’ EXP 168k+
    • Product Development
      • 4 – 7 YRS’ EXP 48 – 108k
      • 8 – 12 YRS’ EXP108 – 180k
      • 12+ YRS’ EXP 180k+
  • Internal Audit
    • Investment Banking/Treasury
      • 4 – 7 YRS’ EXP 84 – 180k
      • 8 – 12 YRS’ EXP180 – 216k
      • 12+ YRS’ EXP 216k+
    • Credit Audit
      • 4 – 7 YRS’ EXP78 – 164k
      • 8 – 12 YRS’ EXP 164 – 226k
      • 12+ YRS’ EXP 226k+
    • Branch/Corporate Services
      • 4 – 7 YRS’ EXP 76 – 156k
      • 8 – 12 YRS’ EXP 156 – 214k
      • 12+ YRS’ EXP 214k+
  • Risk Management
    • Market Risk
      • 4 – 7 YRS’ EXP 87 – 181k
      • 8 – 12 YRS’ EXP 181 – 249k
      • 12+ YRS’ EXP 249k+
    • Operations Risk
      • 4 – 7 YRS’ EXP 88 – 174k
      • 8 – 12 YRS’ EXP 174 – 246k
      • 12+ YRS’ EXP 246k+
    • Credit Risk
      • 4 – 7 YRS’ EXP 88 – 174k
      • 8 – 12 YRS’ EXP 174 – 240k
      • 12+ YRS’ EXP 240k+
  • Compliance
    • Regulatory/Compliance Advisory
      • 4 – 7 YRS’ EXP 102 – 185k
      • 8 – 12 YRS’ EXP 185 – 252k
      • 12+ YRS’ EXP 252k+
    • Monitoring/Assurance
      • 4 – 7 YRS’ EXP 87 – 150k
      • 8 – 12 YRS’ EXP 150 – 186k
      • 12+ YRS’ EXP 186k+
    • Project Compliance
      • 4 – 7 YRS’ EXP 102 – 180k
      • 8 – 12 YRS’ EXP 180 – 198k
      • 12+ YRS’ EXP 198k+
    • AML Policy/Advisory
      • 4 – 7 YRS’ EXP 102 – 185k
      • 8 – 12 YRS’ EXP 185 – 252k
      • 12+ YRS’ EXP 252k+
    • Transaction Monitoring
      • 4 – 7 YRS’ EXP 87 – 126k
      • 8 – 12 YRS’ EXP 126 – 180k
      • 12+ YRS’ EXP 180k+
    • KYC
      • 4 – 7 YRS’ EXP 66 – 108k
      • 8 – 12 YRS’ EXP 108 – 156k
      • 12+ YRS’ EXP 156k+
2020 Hays Salary Guide Malaysia

2020 Hays Salary Guide Malaysia – ACCOUNTANCY & FINANCE  BANKING INDUSTRY – FINANCIAL SERVICES (Salaries are yearly in ‘000 RM)

  • Finance Director/CFO 420 +
  • Financial Controller 276 – 360
  • Senior Finance Manager 144 – 210
  • Finance Manager 96 – 168
  • Assistant Finance Manager 66 – 96
  • Tax Director/Head of Tax 204 – 300
  • Tax Manager 132 – 156
  • Tax Accountant 60 – 120
  • Dept Head Product Control 252 – 360
  • Senior Product Controller 156 – 240
  • Product Controller 84 – 160
  • Senior Treasury Manager 216 – 350
  • Treasury Accountant 120 – 216
  • Treasury Manager 72 – 120
  • Accounts Receivable 34 – 66
  • Accounts Payable 34 – 66
  • Credit Control 36 – 66

Study at the Best Private Universities & Colleges in Malaysia for Top Rated Banking & Finance Degree Programmes

Accounting & Finance at Taylor's University

EduSpiral patiently provided information on many universities offering accounting. Then he met up with me & my parents to take us around the universities. EduSpiral helped me to choose the right university.
Chew Ling, Accounting & Finance at Taylor’s University

There is a demand for top graduates in banking and finance in Malaysia. Salaries for banking & finance graduates in Malaysia can be very high.

In order to succeed in the competitive banking & finance industry, students must choose the best universities in Malaysia to study. 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. Graduates from accounting programmes are able to work in the banking and finance industry therefore the degree courses are included in the listing.

Graduates from the Accounting degree programmes will gain entry into the professional level of ACCA and CPA Australia. The accounting degree course will also equip graduates to pursue further professional qualifications with CFA, CFP, CIMA, ICAEW, MIA, RFP, etc.

Banking and Finance graduates may go for the the professional certifications by FPAM – Financial Planning Association of Malaysia, Certified Financial Planner (CFP) or Asian Institute of Chartered Banker (AICB).

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.

2 replies »

  1. I want job in banking and finance in Malaysia… I’m an Islamic banker and doing job in Pakistan Karachi as relationshipanager since 11years….i want to apply for respectable job with good salary

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