Top Jobs in Demand in Malaysia in 2016 – Critical Occupations List (COL) by TalentCorp and the Institute of Labour Market Information and Analysis (ILMIA)

Look for Jobs with High Demand in Malaysia so that you can Choose the Right Course to Study

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What are the critical occupations in Malaysia? As the economy remains on a steady growth path, vacancies for high-skilled workers will continue to grow. To ensure a productive workforce, Malaysia must ensure a high-quality flow of labour supply to fill these jobs to avoid an ever-growing skills imbalance.

The Critical Occupations List (COL) identifies the jobs in Malaysia most in demand in key sectors of the economy, and for which industries may be facing shortages or difficulties in hiring. It is developed by the Critical Skills Monitoring Committee (CSC), which is jointly led by TalentCorp and the Institute of Labour Market Information and Analysis (ILMIA).

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.

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Choose to Study Courses with High Job Demand in Malaysia so that you have a Successful Future Career

6 key sectors and their most sought-after occupations in Malaysia*

Malaysia must ensure a high-quality flow of talent supply to ensure a robust economy. This means maintaining a productive workforce and making sure there are no imbalances across the key sectors that drive the country’s economy.

To address this, the Critical Skills Monitoring Committee was established under the 11th Malaysia Plan to study skill mismatches in the labour market. As a result, the Pilot Critical Occupations List (COL) was published. The COL monitors and informs us about the most sought-after occupations by industry in Malaysia – here’s a look at the 42 jobs listed in the COL across six key sectors for 2015/2016:

Oil & Gas Sector

  • Geologists and Geophysicists
  • Industrial and Production Engineers
  • Civil Engineers
  • Mechanical Engineers
  • Chemical Engineers
  • Mining Engineers, Metallurgists and Related Professions
  • Engineering Professionals Not Elsewhere Classified
  • Accountants
  • Business Service Managers
  • Environmental and Occupational Health Inspectors and Associates
Electrical & Electronics Sector

  • Electrical Engineers
  • Electronic Engineers
  • Manufacturing Professionals
  • Policy and Planning Managers
  • Information and Communications Technology (ICT) Services Managers
  • Mathematicians, Actuaries and Statisticians
  • Industrial and Production Engineers
  • Mechanical Engineers
  • Engineering Professionals Not Elsewhere Classified
  • System Analysts
  • Software Developers
  • Applications Programmers
  • Electronics Engineering Technicians
  • Mechanical Engineering Technicians
  • Business Services Managers
Telco & Multimedia Sector

  • Information and Communications Technology (ICT) Services Managers
  • Database and Network Professionals Not Elsewhere Classified
  • Database Designers and Administrators
  • Business Services Managers
  • Mathematicians, Actuaries and Statisticians
  • Financial Analysts
  • Management and Organisation Analysts
  • Systems Analysts
  • Applications Programmers
  • System Administrators
  • Computer Network Professionals
  • Telecommunications Engineers

 

Information and Communications Technology (ICT) & Global Business
Services (GBS) Sector

  • Software Developers
  • Applications Programmers
  • Accounting Associate Professionals
  • Information and Communications Technology (ICT) User Support Technicians
  • Graphic and Multimedia Designers
  • Electronic Engineers
  • Personnel and Career Professionals
  • Computer Network Professionals
  • Software and Application Developers and Analysts Not Elsewhere Classified
  • System Administrators
  • Information and Communications Technology Services Managers
  • Mathematicians, Actuaries and Statisticians
  • Manufacturing Professionals
  • Accountants
  • Financial Analysts
  • Systems Analysts
  • Administrative Managers
Financial Services Sector

  • Finance Managers
  • Business Services Managers (Includes Compliance Managers)
  • Accountants
  • Financial and Investment Advisers
  • Financial Analysts
  • Personnel and Career Professionals
  • Systems Analysts
  • Applications Programmers
  • Credit and Loans Officers
  • Lawyers
  • Information and Communications Technology (ICT) Services Managers
  • Mathematicians, Actuaries and Statisticians
  • Securities and Finance Dealer and Brokers
  • Insurance Underwriters
  • Advertising and Marketing Professionals
  • Research and Development Managers
Accounting Sector

  • Finance Managers
  • Accountants
  • Financial Analysts

 

More about the COL and the Critical Skills Monitoring Committee

As part of efforts under the 11th Malaysia Plan to address skill mismatches in the labour market, the Critical Skills Monitoring Committee (CSC) was established, jointly led by TalentCorp and the Institute of Labour Market Information and Analysis (ILMIA), MOHR. One of the CSC’s key initiatives is to construct a COL that will be evidence-based and reflects the most sought-after occupations by industry, which may also be hard-to-fill positions.

The pilot COL covers six key economic sectors:

  1. Electrical & Electronics
  2. Oil & Gas
  3. Information and Communication
  4. Technology & Global Business Services (ICT & GBS)
  5. Telecommunications & Multimedia
  6. Financial Services and Accounting.

6 key sectors and their most sought-after occupations*

Talentcorp Critical Occupations List addressing Malaysia's talent shortages-leaderonomics-com

Talentcorp Critical Occupations List addressing Malaysia’s talent shortages-leaderonomics-com

A quick guide to the Critical Occupations List (COL) by TalentCorp & the Institute of Labour Market Information and Analysis (ILMIA)

What is the Critical Occupations List?

The Critical Occupations List (COL) identifies the jobs most in demand in key sectors of the economy, and for which industries may be facing shortages or difficulties in hiring.

It is developed by the Critical Skills Monitoring Committee (CSC), which is jointly led by TalentCorp and the Institute of Labour Market Information and Analysis (ILMIA). The input of the CSC would be used as part of the proposed Human Capital Council to be chaired by the Prime Minister to coordinate the Government’s human capital policies.

How was the Critical Occupations List (COL developed?

The COL combines a top-down and bottom-up approach, a framework developed together with the World Bank and is in line with what is practised in the United Kingdom. It is developed in three stages:

  1. Top-down analysis: National level statistics are rigorously analysed to detect occupations that are sought after. In particular, the Department of Statistics’ Labour Force Survey 2011-2014 is analysed to identify occupations exhibiting high employment and wage growth, an indicator of high demand.
  2. Bottom-up consultation: Results from the top-down analysis are then validated by the industry via a combination of surveys and consultations, in addition to engagements with sector regulators (eg MDEC for ICT and MCMC for telecommunications).
  3. Public consultation: The COL is released publicly and is open for feedback, providing the opportunity for government agencies, employers and individuals to provide further input or evidence on sought-after occupations.

How can we benefit from the Critical Occupations List (COL?

Understanding the specific skills that are in demand by key industries can help:

  1. The government coordinate policies and prioritise publicly financed initiatives, such as scholarships, reskilling programmes or inward immigration, to enhance the supply of sought-after skills in Malaysia.
  2. The industry to go beyond business as usual in its recruiting strategy, and to explore alternative measures such as targeting Malaysians abroad and investing further in developing sought-after skills, whether through in-house training or industry-academia collaboration.
  3. The general public such as parents and young talents, in selecting their course of study and career paths based on areas in demand.

When was the Critical Occupations List (COL published?

The pilot Critical Occupations List 2015/2016 was published in December 2015 based on labour data spanning 2011–2014. The pilot document identified 42 occupations from six key economic sectors as critical.

The list will continually be refined and updated on an annual basis to ensure that it remains relevant and provides an accurate and timely picture of skills imbalances in Malaysia.

Help! I Don’t Know Which is the Best Course to Choose to Study at the Top Private University in Malaysia

It is important to choose the right course to study – you don’t want to waste your time and money on a

EduSpiral Consultant Services staff have more than 15 years experience in counseling students

EduSpiral Consultant Services staff have more than 15 years experience in counseling students

course you don’t want to do (or end up dropping out of). To help you decide which course is right for you, make a list of courses that are of interest to you.

Is it a subject you have already studied? For example, maybe you loved the English subject and you read novels for pleasure in your own time. You can consider Teaching English as a Second Language, journalism or Mass Communication. In addition, you don’t have to do a journalism degree to become a journalist – many degrees are considered!

Maybe you’ve always been interested in computers and the internet at home, and enjoyed maths at school, so are considering a degree in computer science, a course subject you probably won’t have studied before. Experienced education counselors are able to analyse your interests, personality and exam results to help you make a list of possible courses for consideration.

Looking at your results in SPM could help you to decide which course you would be good at. If you are good in Maths & Physics then you can consider Engineering courses. Having good results in Chemistry, Biology & Maths, you can think of a career in Food Science, Pharmacy or Medicine. Talking to an experienced education advisor would help you to navigate through this confusing time of choosing the best course that fits you.

Many students after SPM make the mistake of just listening to advise without verifying whether the

My friend introduced me to EduSpiral because for a long time after SPM I still did not know what and where to study. EduSpiral took time to explain the courses to me and even took me around the university for a tour. Yammie Chau, Diploma in Business at UCSI University

My friend introduced me to EduSpiral because for a long time after SPM I still did not know what and where to study. EduSpiral took time to explain the courses to me and even took me around the university for a tour.
Yammie Chau, Diploma in Business at UCSI University

information given is true or not. In addition, just because you have heard or seen a lot of advertisements by a particular university, doesn’t mean that it is the best in that course.

Many of the course counselors at the universities are paid by the universities to get you to register there, so their main motivation is to get you to register, not to help you make the right choice.

You should also ask yourself if you would still be interested in that subject for a further three or four years – enough to motivate yourself to work and research independently? Remember, you are going to work in this career for the next 50 years after graduation, therefore, you should have a high interest in the course.

The course that you choose should also have a job demand for you after you graduate. Choosing a course that you are passionate about without job demand and you may end up being jobless. Look for statistics and research to support whether there is a job demand for your future career in Malaysia or Singapore. 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.

Now why would you want to talk to EduSpiral Consultant Services when you can contact the private universities directly? Well, EduSpiral Consultant Services staff have more than 15 years experience in counseling students. Having worked in the private education industry, we have in-depth knowledge of each private university and college in what they are good at. We have worked with our partner universities and colleges for many years while the counselors at the private universities or agents’ offices change every few years therefore they would not have the in-depth knowledge of the courses and the university that they are working at.

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