Find Out the Hiring Trends, Roles in demand & Salary in Malaysia According to Michael Page so that You Can Choose the Right Course to Study
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The article on the “Michael Page Malaysia Salary Guide 2020” is to serve as a guide to students in wanting to choose a course that has high job demand and salary. The articles have been carefully collated by EduSpiral Consultant Services are to show facts and evidences for students to make an objective decision in choosing the right course and career that would change your future.
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 counsellors so that you get the right information to help you in making this life-changing decision and choose to study a course that has high job demand & salary.
Are you wondering what jobs are most in demand? Knowing which industries are hiring more and understanding what skills they are looking for can give you an advantage when you’re planning your career. Here, we take a look at the Michael Page Salary Benchmark, an annual salary report that provides a reference on salary ranges across various industries, including Financial Services, Healthcare & Pharmaceutical, Technology & Telecommunications, and more.
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Michael Page Malaysia Salary Guide 2020
Darren, Finance & Investment Graduate from UCSI University
Whether you are negotiating for a promotion at your current job, evaluating a new job opportunity, or looking towards the future and planning out a career path, it’s important to do your research into market and salary trends and what your peers in Malaysia are earning.
Salary is one of the primary factors for any job search, and motivators for any professional. As such, we did some research, and evaluated salaries across a wide range of jobs across different industries and sectors and put it all together in our comprehensive Malaysia Salary Guide 2020 to find the highest paying jobs in Malaysia in 2020. Here are 10 that earn the most.
Malaysia Salary Guide 2020
Salary Benchmark is our annual guide developed as a reference for hiring managers and job seekers to make informed employment decisions in Malaysia. Leveraging data from Michael Page’s proprietary database, studies and observations, the guide highlights hiring trends and market sentiments across the Asia Pacific region.
Technology growth fuels Malaysia’s new decade glow
Starting any new decade always sparks a sense of excitement, as we not only
imagine what the year might bring, but where our businesses might be 10 years
from now. In Malaysia, the sense of starting afresh is a palpable one, as the country continues to embrace its new political and business realities.
The local business community, too, enjoys the benefits of initiatives like Industrial Revolution 4.0, particularly its mission to embrace the promise of automation, and attract new tranches of investment into the economy.
With this in mind, many of those we speak to remain bullish about the year
ahead, willing to put aside some obvious storm clouds on the horizon from a
macro-economic point of view, and embrace what we see as excellent
economic fundamentals for this economy, many of which are only now being truly leveraged.
This was highlighted recently by the World Economic Forum’s (WEF)
Global Competitiveness Report, which gave Malaysia perfect scores for both
macro-economic stability and its credit gap. Specifically, Malaysia scored a
healthy 10-year average of 4.8% in terms of annual GDP growth, as well as a five-year average of 3.1% in terms of foreign direct investment. More encouraging still is an economy that embraces change, so much so that out of 141 economies, WEF ranks Malaysia third in the world for companies embracing disruptive ideas, and fourth overall for its entrepreneurial culture.
For Michael Page, with a strong base in Digital and Technology hiring and a proud history of working with SMEs, this is truly exciting. With natural advantages in terms of location, population mix and cost base, we see huge potential for businesses to invest further here in a regional sense, together with rich opportunities for Malaysians to return and enjoy the benefits of an exciting decade ahead.
Business Services
Top 3 hiring trends
- Malaysia’s fintech sector is driving demand for talent with e-money and blockchain experience.
- External economic factors are impacting businesses and hiring activities due to lower business margins.
- Demand for sales talent remain high among the growing Malaysia startup community.
Trending skills
- Insights and data management
- Change management and transformation
- COE and regional experience
Most active hiring functions
- Finance
- Technology
- Sales
- Human Resources
Roles in demand
- Chief Technology Officer
- Chief Financial Officer
- Head of Sales
- Head of Global Business Services (GBS)
- Change Management Consultant
Engineering & Manufacturing
Top 3 hiring trends
- Government initiatives are driving investments and healthy growth in the renewable energy sector.
- High demand for talent with automation and process improvement experience.
- Companies are cautious about headcount expansion due to slower growth in the industry.
Trending skills
- Electrical and instrumentation
- Financial Planning & Analysis (FP&A)
- Business partnering
Most active hiring functions
- Sales
- Finance
- Marketing
- Technology
Roles in demand
- Sales Manager
- Procurement Manager
- Production Manager
- Accountant
- Finance Manager
Fast Moving Consumer Goods (FMCG) & Retail
Top 3 hiring trends
- Demand for talent at middle management level particularly within sales and marketing related positions remains strong.
- Companies now offer incentives and bonuses to attract and retain talent.
- Companies aggressively recruiting talent with digital marketing and / or omnichannel experience.
Most active hiring functions
- Digital marketing and analytics
- Talent management
- Omnichannel and e-commerce
Trending skills
- Procurement & Supply Chain
- Digital & E-commerce
- Sales, Marketing & Retail
- Human Resource
Roles in demand
• Digital Marketing Manager
• Key Account Manager
• Brand / Product Manager
• Retail Operations Manager
• Human Resources Business Partner
Financial Services
Top 3 hiring trends
- Changing regulations will see demand for risk, compliance and audit professionals while companies invest in governance infrastructure.
- Focus on enhancing overall customer experience with innovation in interface
channels across different transaction platforms. - More qualified sales professionals with banking or financial services experience needed to cater to heightened sophistication levels among investors.
Most active hiring functions
- Sales
- Technology
- Finance
- Governance
Roles in demand
- Relationship / Branch Manager
- Compliance Manager
- Risk Manager
- Analytics Specialist
- Digital / Transformation Consultant
Trending skills
- Digital analytics
- Risk management
- Digitalisation and automation
Healthcare & Life Sciences
Top 3 hiring trends
- Healthcare manufacturing companies are moving out of Singapore into emerging markets like Malaysia.
- Medical device businesses are growing in view of market confidence in the region.
- Increased mergers and acquisitions (M&A) activity is resulting in organisational restructuring at all levels.
Most active hiring functions
- Finance
- Procurement & Supply Chain
- Sales
- Engineering & Manufacturing
Trending skills
- Therapeutic sales
- Data analytics
- Financial Planning & Analysis (FP&A)
Roles in Demand
- Regulatory Affairs
- Factory Managing Director
- Sales and Marketing
- Niche technical roles
- Financial Planning & Analysis Specialist
Technology & Telecommunications
Top 3 hiring trends
- Interest in a cashless future is driving demand for talent with digital banking and e-payment background.
- Strong demand for professionals with augmented analytics and machine learning experience.
- Rise in job opportunities within cybersecurity as privacy becomes an increasing concern.
Trending skills
- Java scripting
- Cloud-based application development
- Mobile application development
Roles in demand
- Software Developer
- Systems Analyst
- Application Consultant
- Data Warehouse Architect
- Chief Technology Officer
Most active hiring functions
- Procurement &
- Supply Chain
- Engineering &
- Manufacturing
- Finance Sales
Keep these jobs in mind as you plan out the next step in your career – then have a look at all the open jobs in Malaysia.
About Michael Page
Since our start as a two-man operation in London in 1976, Michael Page has grown and expanded globally. Now, after more than 40 years in the recruitment market, we have secured our position as leaders in international recruitment and hiring. We currently have 140 offices that create a network that spans 36 countries around the world, with strong opportunities for more growth within Asia Pacific.
We opened our first office in Asia in 1994, and have developed our presence into many of the main business hubs in the region since then. Our team in Asia has global connections, regional knowledge and local market experience; ideally positioning us to partner with multinational blue-chip companies and local firms alike, and with today’s global professionals.
Over time, our founding mission has remained unchanged: to bring the world’s best companies and brightest professionals together, helping each side reach their maximum potential and capabilities. We offer a unique, consultative approach to recruitment, tailoring every solution to specific requirements and offering long-term support.
Through experience, growth and consistently high standards, we have become one of the most recognised and respected recruitment brands in the world.
Michael Page provides specialised recruitment services for professionals at middle management to leadership levels, along with highly specialised technical positions.