A Finance Degree from a Top Private University in Malaysia will Equip you with the Knowledge & Skills to Enhance your Chances of Achieving a High Salary
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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 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. Choosing to study the degree in Finance at a top private university in Malaysia is the first step in achieving a high salary for your career. The knowledge & skills that you develop at university are invaluable to help you get the highest salaries.
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.
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How to be Successful with a Finance Degree from a Top Private University in Malaysia
Anyone can get a business degree or do accounting, but in order to be in a finance career you must be outgoing and inquisitive. Though you’ll need to be good at mathematics, you also must be good and talking with people and making friendly conversation on a variety of subjects. Therefore education, intelligence, and personality are all taken into account for finance jobs. Additionally, you must be diplomatic and consider your organization’s or client’s goals, resources, and options when discussing their options for financial growth and well-being.
You will not just get rich by getting a degree in Finance. It is a combination of your attitude, planning, networking as well as your knowledge and skills. With your knowledge of finance, you are able to budget your daily finances carefully and put the rest into savings or investments to make more money.
To get out of the income trap you must plan your future carefully and that starts first with the course and university that you choose. Choosing to study the degree in finance is a great choice as the career is one of the highest paid in Malaysia. However, it is important to also choose the right university that will be able to equip you with the best knowledge and skills as well as provide an English-speaking environment to help you to improve your communication skills.
Finance is one of the Top Highest Salaries in Malaysia
Earning power is often a main driving factor when it comes to choosing a career. If you’re looking to amass your wealth, earning a finance degree and embarking on a career like financial analyst, advisor or manager can help you reach your economic goals.
In addition to offering median salaries that far overshadow the wages for all occupations, finance careers may offer the opportunity to earn bonuses and commissions. They can also pave the way toward executive leadership roles. Of course, there are also high-paying opportunities in investment banking.
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.
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.
According to Kelly Services 2018 Salary & Hiring Outlook, a Senior Vice President in Corporate Banking / Global Wholesale Banking/Investment Banking with more than 15 year of experience can earn between RM28,000 to RM48,000 a month. In addition, a Senior Vice President in Strategic Planning & Financial Analysis with more than 15 years of experience can earn between RM28,000 to RM38,000 a month. For the full report, please WhatsApp me at 01111408838.
Furthermore, according to the Robert Walters 2018 Salary Report, in Kuala Lumpur (KL), accounting and finance Chief Financial Officers or CFOs can expect to earn an annual salary of RM420k – RM720k. Meanwhile, finance directors can expect an annual salary of RM300k – RM456k (for MNCs), and RM240k – RM300K (for SMEs).
Are there Jobs for Finance Graduates in Malaysia?
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.
What is Finance?
Finance deals with efficient allocation and distribution of resources by commercial entities, individuals, as well as other establishments over time taking into consideration the associated risks.
The term called finance can include any of the following areas:
- The process of managing money
- The study of money and other types of assets
- Managing and controlling those assets
- Identifying and handling project risks
If the term finance is used as a verb, it denotes provision of funds for individuals for buying cars or houses and businesses.
The function of finance is to apply a group of techniques which the corporate entities and individuals implement for managing their financial activities, specifically the margin of income and expenditure as well as investment risks.
Finance can be widely categorized into the following types:
- Personal finance
- Business finance
- Public finance
The major sources of financing include:
- Loan or credit
Studying the Finance Degree in Malaysia
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 therefore cover 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.