Monday, June 8, 2015

Banking, Finance & Investment Jobs in Demand in Malaysia according to Kelly Services Salary Survey 2015

Banking & Finance Jobs are in Demand in Malaysia

Multimedia Super Corridor (MSC) Malaysia is estimated to provide 50,000 total jobs and MYR$ 5.5bil investments by 2015 with
Banking & Finance professionals can earn very high salaries in Malaysia
Banking & Finance professionals can earn very high salaries in Malaysia
cloudbased computing services set to become the next engine of growth.
Additionally, several conglomerates such as Huawei Technologies (a leading global ICT solutions provider); Halliburton (one of the world’s largest oil field services companies); Ranbaxy Laboratories (an Indian multinational pharmaceutical company); and NTT Communications (one of the top three telecom companies in the Fortune Global 500 ranking) are already leveraging on the country’s workforce opportunities.

However as Malaysia transforms itself from an input-driven growth strategy to one which is increasingly driven by knowledge, the local talent required to advance the economic transformation agenda must possess skills and qualities to match industry requirements.

Currently the skilled talent pool in Malaysia is at 27 percent – far off from the estimated requirement of 45 percent to meet the national agenda of a high income nation by 2020. Other compounding challenges include low levels of students passing English exams while much sought after Mandarin-speaking local talent are being incentivised to move out of the country.

This battle however can be easily won as indicated by Kelly Services Malaysia’s MSC Malaysia is estimated to provide 50,000 total jobs and MYR$ 5.5bil investments by 2015 with cloud-based computing services set to become the next engine of growth. recent Global Workforce Index (KGWI) survey on Career Development which revealed that 64 percent of Malaysian employees (respondents of the survey) favoured skills over money and promotion!

To that end, Malaysia’s Institutions of Higher Learning must adapt their curricula accordingly with more emphasis on practical industry experience since job trends will always follow market-driven trends. Meanwhile employers need to focus on up skilling their employees to uphold the competitive advantage for their organisations.

Banking & Finance Jobs in Demand in Malaysia

The Financial sector stands as one of the largest sectors in Malaysia with more than 300,000 people employed. This sector is
Bank Negara Malaysia
Bank Negara Malaysia
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 tandem with this, Bank Negara Malaysia (BNM – the country’s central bank) has prepared and is gradually implementing a blueprint in promoting Islamic Banking and Finance and achieving 40 percent share of the domestic financing market.
In fact, in the field of Islamic Finance, Malaysia helms as the de facto captain globally. In less than a decade from 2006 to 2013, the Malaysian “sukuk” listing already commands 63 percent of the world sukuk market with a value of US$67 billion.

Banking & Finance Salaries in Malaysia

Years of ExperienceMinMax
Relationship Manager8 years8,00015,000
Business Intelligence Manager8 years8,00015,000
Investment Analyst5 to 108,00019,000
Product Development Head5 to 108,00018,000
Shariah Head5 to 108,00021,000
Head Credit Risk8 years8,00018,000
Head Sales8 years8,00015,000
Head Merchant10 years8,00018,000
Senior Manager – Compliance5 years9,00015,000
Branch Manager5 to 65,50012,000
Compliance Manager4 to 56,5009,500
Risk Management Manager4 to 76,5009,500
Fund Accountant Manager3 to 75,5009,000
Relationship Manager3 to 54,0007,500
Compliance Officer4 to 53,5007,000
Assistant Branch Manager1 to 34,0006,500
Credit Manager1 to 33,5006,000
Treasury Officer4 to 53,5006,500
Corporate Recovery Executive4 to 53,0005,500
Credit Analyst4 to 53,5007,500
Internal Auditor2 to 32,5003,500
Personal Financial Consultant1 to 32,8004,500

Study Banking, Finance & Investment at the Best Universities in Malaysia

"I attended EduSpiral's Education Fair at KInta Riverfront after my SPM exam in December and obtained great information there. Although Asia Pacific University is famous for IT but I found out that they have a solid accounting programme and I can get a UK degree. I got a scholarship as well from APU." Julian Hum, from SMK St. Michael Institution, Ipoh studying Business at Asia Pacific University.
"I attended EduSpiral's Education Fair at KInta Riverfront after my SPM exam in December and obtained great information there. Although Asia Pacific University is famous for IT but I found out that they have a solid accounting programme and I can get a UK degree. I got a scholarship as well from APU."
Julian Hum, from SMK St. Michael Institution, Ipoh studying Business at Asia Pacific University.

Job Demand For Banking, Finance & Investment Graduates in Malaysia

EduSpiral Consultant Services- Your Personal Online Education Advisor

Established since 2009, EduSpiral Consultant Services helps provide information and counselling on courses and universities in Malaysia. EduSpiral Consultant Services also represents Northampton University, UK, MDIS Singapore and Hong Kong Polytechnic University.
EduSpiral gets to know our students personally in order to be able to advise on which course & university is the best such as these 2 students after a visit of Asia Pacific University
EduSpiral gets to know our students personally in order to be able to advise on which course & university is the best such as these 2 students after a visit of Asia Pacific 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 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.
Please contact us for more details.
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