The Various Banking & Finance Sectors in Malaysia
There are many areas in the banking and finance sector in Malaysia where each sub-sector requiring specific knowledge and
- Bank Negara Malaysia
skills. The key in succeeding in the banking & finance industry is choosing the right specialisation, and ensuring you find a career path that best match your abilities and interests.
A Career in Corporate Finance in Malaysia
Corporate finance practitioners are interested in the management of funding, whether debt or equity. Positions exist on both the corporate side (big companies more so than small start-ups) and also on the financial advisory side, including Mergers & Acquisitions (M&A) specialists.
Roles include financial analysts who look at the well-being of the company from a market perspective, and treasury functions that focus more on cash management and internal financial issues.
Mergers & Acquisitions (M&A) specialists need a wide range of skills that includes financial analysis and strong interpersonal skills, as well as jurisdictional and regional tax and legal knowledge that may affect deal-making.
A Career in Commercial Banking in Malaysia
Commercial banking offers many opportunities because of the wide scope of its operations – from front-end client facing
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work, to credit management and operations. To succeed in the commercial banking environment is to know your products.
Commercial banks in Malaysia place a strong emphasis on demanding management training programmes.
The biggest challenge in commercial banking is to remain hungry for success. You cannot get comfortable, you need to outperform others to get noticed.
Salaries for Finance, Banking and Investment Professionals in Malaysia according to Robert Walters Salary Survey
| PERMANENT SALARY PER YEAR FOR 2015 IN MYR (RM) | |||||
| ROLE | |||||
| 4 - 7 Years Exp | 8 - 12 Years Exp | 12+ Years Exp | |||
| Global Markets | |||||
| Treasury Sales | 72 - 192k | 192 - 360k | 360k+ | ||
| Treasury Trader | 72 - 180k | 180 - 264k | 264k+ | ||
| Investment Banking | |||||
| Corporate Finance | 72 - 144k | 144 - 264k | 264k | ||
| Debt/Equity Capital Markets | 72 - 144k | 144 - 264k | 264k | ||
| Investment Management | |||||
| Private Equity | 96 - 240k | 240 - 360k | 360k+ | ||
| Fund Manager | 84 - 180k | 180 - 300k | 300k+ | ||
| Research Analyst | 84 - 180k | 180 - 300k | 300k+ | ||
| Retail Banking | |||||
| Retail Sales and Distribution | 66 - 90k | 90 - 192k | 192k+ | ||
| Retail Products | 48 - 96k | 96 - 240k | 240k+ | ||
| Transaction Banking | |||||
| Cash Management | 54 - 96k | 96 - 240k | 240k+ | ||
| Trade Finance | 54 - 96k | 96 - 240k | 240k+ | ||
| Wealth Management | |||||
| Wealth Management Products | 60 - 96k | 96 - 240k | 240k+ | ||
| Premier/Priority Banking (RM) | 60 - 96k | 96 - 180k | 180k+ | ||
| Wholesale Banking | |||||
| Commercial Banking (RM) | 54 - 102k | 102 - 180k | 180k+ | ||
| Corporate Banking (RM) | 54 - 114k | 114 - 240k | 240k+ | ||
| Years of Exp | Min | Max | |||
| Relationship Manager | 8 years | 8,000 | 15,000 | ||
| Business Intelligence Manager | 8 years | 8,000 | 15,000 | ||
| Investment Analyst | 5 to 10 | 8,000 | 19,000 | ||
| Product Development Head | 5 to 10 | 8,000 | 18,000 | ||
| Shariah Head | 5 to 10 | 8,000 | 21,000 | ||
| Head Credit Risk | 8 years | 8,000 | 18,000 | ||
| Head Sales | 8 years | 8,000 | 15,000 | ||
| Head Merchant | 10 years | 8,000 | 18,000 | ||
| Senior Manager – Compliance | 5 years | 9,000 | 15,000 | ||
| Branch Manager | 5 to 6 | 5,500 | 12,000 | ||
| Compliance Manager | 4 to 5 | 6,500 | 9,500 | ||
| Risk Management Manager | 4 to 7 | 6,500 | 9,500 | ||
| Fund Accountant Manager | 3 to 7 | 5,500 | 9,000 | ||
| Relationship Manager | 3 to 5 | 4,000 | 7,500 | ||
| Compliance Officer | 4 to 5 | 3,500 | 7,000 | ||
| Assistant Branch Manager | 1 to 3 | 4,000 | 6,500 | ||
| Credit Manager | 1 to 3 | 3,500 | 6,000 | ||
| Treasury Officer | 4 to 5 | 3,500 | 6,500 | ||
| Corporate Recovery Executive | 4 to 5 | 3,000 | 5,500 | ||
| Credit Analyst | 4 to 5 | 3,500 | 7,500 | ||
| Internal Auditor | 2 to 3 | 2,500 | 3,500 | ||
| Personal Financial Consultant | 1 to 3 | 2,800 | 4,500 | ||
A Career in Investment banking in Malaysia
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The career in investment banking in Malaysia offers the most glamorous and lucrative career paths, but at a very high and
intense price. Investment Banks are concerned with large-scale transactions involving securities – buying, selling, or exchanging of large chunks of shares between two parties, be it in willing agreements or hostile takeovers.
A career in Investment Banking is not for the faint-hearted – those who want to succeed are expected to learn, adapt and work at a fast pace.
Job roles in investment banking include trading, client management, and other work similar to those required in corporate finance.
In fact, some corporate finance practitioners see investment banking as the next step up in their career progression – doing what they’ve been doing at the company or mid-market level and extending the size, scope, and pace to the bigger market.
A Career in Islamic Finance and Banking in Malaysia
Islamic finance and banking spans the three previously discussed aspects of finance and banking – Islamic finance specialisations exist in corporate finance, commercial banking and investment banking. In essence, those practising Islamic finance and banking need all the skills of their conventional counterparts, as well as knowledge of the Islamic aspect of a transaction.
This combination of skills is highly prized due to scarcity in the market, and bankers and financial practitioners who have this specialised knowledge are able to out-earn and overtake their peers very quickly.
Outside these four big sectors, various specialised opportunities exist with private equity and venture capital firms, as well as hedge funds, financial planning, insurance, and of course, the oft-downplayed public accounting sector.
Study at the Best Universities in Malaysia for Banking, Finance and Investment
In order to succeed in the competitive banking & finance industry, students must choose the best universities in Malaysia to
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Chun Khin, Finance degree at HELP University
study. The best university doesn't necessarily mean the most expensive.
Students should choose the right university that fits them which has a good reputation for business programs, excellent facilities, top lecturers and an English-speaking student environment.
Curtin Sarawak is one of the few Universities in Malaysia that offers a variety of double major options which includes Accounting & Banking, Accounting & Finance, and Accounting & Entrepreneurship.
Graduates of the Bachelor of Commerce (Accounting), Bachelor of Commerce (Accounting & Finance), Bachelor of Commerce (Accounting & Entrepreneurship) and Bachelor of Commerce (Accounting and Marketing) programmes at Curtin Sarawak are now eligible to sit MIA’s Qualifying Examinations and, on completion, will qualify as Chartered Accountants (Malaysia).
Through its Qualifying Examination, MIA provides an avenue for membership admission for those who do not currently possess a qualification recognised under Part I and Part II of the First Schedule to the Malaysian Accountants Act 1967.
At the top ranked Heriot-Watt University Malaysia, you will learn how to apply business management and finance knowledge and skills to a range of different managerial, business and problem-solving situations, management decisions, compliance issues and governance.
The Business and Finance MA Degree Programme at Heriot-Watt University Malaysia degree explores the interface between business and finance, in particular the management and business implications of financial decision-making. It is a specialist joint degree with equal emphasis given to the subject areas of business and finance.
Students can consider studying the Management & Finance degree program at KDU College Penang or KDU University College where the degree in awarded by Keele University, which is a Top 40 University in the UK.
- Heriot-Watt University Malaysia is a branch campus of the top ranking Heriot-Watt University, UK
Another university that students can consider is Asia Pacific University where they offer various specialisations in Finance & Investments for students to choose from. Students at APU will get a degree awarded by APU as well as Staffordshire University, UK.
For affordable universities with excellent facilities, students can consider UCSI University or HELP University, both with more
than 20 years of experience in higher education in Malaysia. Students after SPM in Sarawak can study the Foundation at UCSI University's Kuching campus first before continuing on to the degree at their campus in Kuala Lumpur.
Top colleges offering finance degree programs in Malaysia are KBU International College and HELP College of Arts & Technology. Graduates from both colleges are awarded degrees by their UK University partners.
EduSpiral Consultant Services- Your Personal Online Education Advisor
Established since 2009, EduSpiral Consultant Services helps provide information and counselling
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on courses and universities in Malaysia. EduSpiral Consultant Services also represents Northampton University, UK, MDIS Singapore and Hong Kong Polytechnic University.
EduSpiral Consultant Services represents the best colleges and universities in Malaysia offering a 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.
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