Showing posts with label jobs with high salaries in Malaysia. Show all posts
Showing posts with label jobs with high salaries in Malaysia. Show all posts

Saturday, March 5, 2016

Top Jobs in Demand in Malaysia according to Critical Occupations List (COL) 2018/2019

Critical Occupations List (COL) - Identifying Malaysia’s Talent Shortages for Future Jobs

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The aim of education is to secure a job in the future that has demand and a high salary. This will ensure that you will have job security and stable income to be able to sustain your lifestyle and more importantly to take care of your family.
According to the Critical Occupations List, what's in demand are communication skills, English language proficiency and problem solving expertise. The country is also in need of more electric and electronic engineers, early childhood educators, finance managers, chemists, manufacturing professionals and software developers among others.
The 2018/2019 Critical Occupations List (COL) highlights 59 middle- and high-skilled occupations that are sought-after, strategic and in high demand. The COL keeps abreast of changing labour market demands associated with new technologies, automation and Industry 4.0. It was developed by agencies under the Human Resources Ministry and in collaboration with the World Bank. On Sept 12, the World Bank released its "Monitoring Occupational Shortages: Lessons from Malaysia’s Critical Occupations List” report, a case study of the COL.
When choosing the right course to study in Malaysia, one important criteria that students should look at is the job demand. Choosing to study a course that has future potential high job demand and salary would ensure that you have a higher chance of a successful career that would support your lifestyle goals. If you don’t plan carefully, you may end up studying a course that has no job demand after you graduate. This would be an incredible waste of your time and money.
Therefore, at EduSpiral Consultant Services, we do our research on the job demand for the careers in Malaysia and Salary Reports in order to best advise our students on what to study based on facts and evidence. I have researched articles such as the one below so that I can advise students properly and they can have a higher chance of getting a job that's in demand with high salary in Malaysia and globally.
You might also be interested to read these:

Critical Occupations List (COL) 2018/2019 - Understanding the Job Shortage So that You Can Choose the Right Course for Future Jobs

The Critical Occupations List (COL) is a set of occupations in demand that identifies the skills imbalance across 18 economic sectors in Malaysia. It aims to be the primary instrument to promote better coordination of human capital policies aimed at attracting, nurturing and retaining talent.
Collated on an annual basis by the Critical Skills Monitoring Committee (CSC), led by TalentCorp and the Institute of Labour Market Information and Analysis (ILMIA) under the Ministry of Human Resources (MOHR), the COL was developed based on recommended international practices. Its compilation process is based on regular consultations with the World Bank.
Because the COL is developed with the data from employers, it provides a big picture of the skills and occupations that are in demand within the industries. It also gives you a better idea of the occupations that will be prioritised by policymakers, especially in the aspects of immigration, education and upskilling opportunities.
COL will continue to expand to create a comprehensive map of Malaysia’s most demanded current and future skills and talent towards Industrial Revolution (IR) 4.0.
The report covers 18 economic sectors:
  • Agriculture, Forestry and Fishing
  • Mining and Quarrying
  • Manufacturing
  • Electricity, Gas, Steam and Air Conditioning Supply
  • Water Supply; Sewerage, Waste Management and Remediation Activities
  • Construction
  • Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles
  • Transportation and Storage
  • Accommodation and Food Service Activities
  • Information and Communication
  • Financial and Insurance/Takaful Activities
  • Real Estate Activities
  • Professional, Scientific and Technical Activities
  • Administrative and Support Service Activities
  • Education
  • Human Health and Social Work Activities
  • Arts, Entertainment and Recreation
  • Other Service Activities

What is a Critical Occupation?

Occupations are considered critical if they are skilled, sought-after, and strategic. The Critical Occupations List is primarily concerned with identifying shortages in occupations that are associated with Malaysia’s growing knowledge-based economy. To accomplish this, the COL is focused on identifying occupations that are skilled. The COL is also interested in determining whether there are mismatches between employers’ demand for certain occupations and the supply of the skills associated with these occupations.
As a result, the COL seeks to identify shortages in occupations that are sought-after by employers. Finally, the COL is designed to be a tool to help policymakers make decisions. Thus, even after identifying shortages in skilled occupations an occupation is only considered to be critical if filling that occupational shortage is consistent with Malaysia’s strategic economic development objectives.

The 2018/2019 Critical Occupations List (COL) - 59 Jobs in Demand in Malaysia

MASCO code        MASCO title
  1. 1121 Managing Directors and Chief Executives
  2. 1211 Finance Managers
  3. 1212 Human Resource Managers
  4. 1213 Policy and Planning Managers
  5. 1214 Business Services Managers
  6. 1219 Business Services and Administration Managers Not Elsewhere Classified
  7. 1221 Sales and Marketing Managers
  8. 1222 Advertising and Public Relations Managers
  9. 1223 Research and Development Managers
  10. 1321 Manufacturing Managers
  11. 1323 Construction Managers
  12. 1511 Information and Communications Technology Managers
  13. 2113 Chemists
  14. 2114 Geologists and Geophysicists
  15. 2121 Mathematicians, Actuaries and Statisticians
  16. 2141 Industrial and Production Engineers
  17. 2142 Civil Engineers
  18. 2144 Mechanical Engineers
  19. 2145 Chemical Engineers
  20. 2146 Mining Engineers, Metallurgists and Related Professionals
  21. 2149 Engineering Professionals (Excluding Electrotechnology) Not Elsewhere Classified
  22. 2151 Electrical Engineers
  23. 2152 Electronic Engineers
  24. 2166 Graphic and Multimedia Designers
  25. 2173 Aircraft Pilots and Related Professionals
  26. 2182 Manufacturing Professionals
  27. 2263 Environmental and Occupational Health and Hygiene Professionals
  28. 2311 University and Higher Education Professional Teachers
  29. 2342 Early Childhood Educators
  30. 2411 Accountants
  31. 2412 Financial and Investment Advisers
  32. 2413 Financial Analysts
  33. 2431 Advertising and Marketing Professionals
  34. 2511 Systems Analysts
  35. 2512 Software Developers
  36. 2514 Applications Programmers
  37. 2519 Software and Applications Developers and Analysts Not Elsewhere Classified
  38. 2522 Systems Administrators
  39. 2523 Computer Network Professionals
  40. 2529 Database and Network Professionals Not Elsewhere Classified
  41. 3112 Civil Engineering Technicians
  42. 3113 Electrical Engineering Technicians
  43. 3115 Mechanical Engineering Technicians
  44. 3119 Physical and Engineering Science Technicians Not Elsewhere Classified
  45. 3122 Manufacturing Supervisors
  46. 3129 Other Supervisor Not Elsewhere Classified
  47. 3322 Commercial Sales Agents
  48. 3641 Chefs
  49. 4224 Receptionists
  50. 7212 Welders and Flame Cutters
  51. 7233 Agricultural and Industrial Machinery Mechanics and Repairers
  52. 7412 Electrical Mechanics and Fitters
  53. 7512 Bakers, Pastry, Pasta and Confectionery Makers
  54. 7621 Tailors, Dressmakers, Furriers and Hatters
  55. 8141 Rubber Products Machine Operators
  56. 8182 Steam Engine and Boiler Operators
  57. 8189 Stationary Plant and Machine Operators Not Elsewhere Classified
  58. 8332 Heavy Truck and Lorry Drivers
  59. 8341 Mobile Farm and Forestry Plant Operators

What is the COL used for?

The COL will be used to refine human-capital related public policies, such as: upskilling, scholarship, higher education, immigration, and technical vocational education and training (TVET). It is currently being used for several policies that are related to human capital:
TalentCorp’s Returning Expert Programme (REP) and Residence Pass-Talent (RP-T) incorporates the COL as one of the key approval criteria for applications.
The Ministry of Higher Education (MOHE) uses the COL as a reference to review new programmes as proposed by public institutions of higher education.

Why doesn’t the COL provide specific numbers, e.g. how many engineers will we need in the next five years?

Based on the experiences of advanced economies, attempts to predict the exact demand of occupations are likely to be inaccurate, because they are based on many assumptions. The COL aims to suggest which occupations will have a labour shortage, and not on the extent of the shortage.
Example: while many oil and gas firms forecast a large need for skilled workers in the upstream sector, the unexpected fall in oil prices and uncertain timing of its persistence have led companies to freeze hiring; some have even retrenched workers. Forecasts such as “we need 30,000 engineers by 2020” might be inaccurate and result in an oversupply of labour (leading to problems such as graduate unemployment).
Countries such as the UK, Australia, and Canada have also adopted a similar approach.

How do companies benefit from the COL?

Companies can give input to the COL via the Call for Evidence (CFE) survey, to share their key talent needs and hiring challenges. Based on the COL, TalentCorp can drive for meaningful interventions that are reflective of industry’s talent needs.
The COL can be used as a reference to guide relevant programmes. For example, TalentCorp’s REP and RP-T gives more consideration for applicants working in a critical occupation. This benefits companies who hire talents through TalentCorp’s initiatives.

Does the COL take into account issues of the global economy, current government interventions, and other issues like government mega projects (e.g.: Malaysia High Speed Rail, East Coast Rail)?

Yes. The COL draws data from national surveys and companies feedback. Any issue that influences employers’ hiring policies will therefore also be reflected in the COL results. Such issues include (but not limited to) the general state of economy in the industry, government regulations, and national development plans.
Why doesn’t the COL rank occupations by how critical they are (in terms of the acuteness of shortages/criticalness)?
The COL suggests which occupations appears to be in demand and are strategic to the Malaysian economy. While the COL indicates which occupations received more evidence, it does not compare how critical each occupation in relation to one another. The decision on the criticalness of each occupation is subjective to the users of the COL.

How does the COL benefit talent?

Directly: Companies, industry associations/regulators, policy makers and the general public can use the COL as a reference to understand the trends of different occupations in Malaysia.
Indirectly: The COL is used as a reference to ensure that human capital related initiatives/policies will better target industry talent needs. For example, new courses introduced at universities will go through a committee panel that uses the COL to assess whether the courses will lead to positive employment outcomes for university graduates.

Does the COL also cover future jobs in demand?

The COL provides information on the skills that employers need in future.
In the CFE survey, employers are asked whether they plan to introduce new production techniques in future, and if they expect to expand their workforce in specific occupations. Bottom-up evidence on future labour shortage is used together with top-down evidence to decide if an occupation should be included in the COL, and also to identify emerging trends in future skills needed in the economy. However, the COL does not differentiate between short-term need and long-term need for occupations – this is why the COL is updated every year, to provide constant updates.
If an occupation appears in the COL for several years, it suggests a long-term demand for this occupation. Longer-term interventions could be necessary (e.g. education and training policies). Conversely, if an occupation appears in the COL for the first time, shorter-term measures could be more appropriate (e.g. migration policies, short-term training) in addressing its shortage

OCCUPATIONS ON THE 2018/2019 CRITICAL OCCUPATIONS LIST

The Critical Occupations List (COL) shows occupations that are skilled, sought-after, and
strategic across 18 sectors in Malaysia.
Critical Occupations List (COL) 2018/2019


 

 

Critical Occupations List (COL) 2018/2019Critical Occupations List (COL) 2018/2019Critical Occupations List (COL) 2018/2019Critical Occupations List (COL) 2018/2019Critical Occupations List (COL) 2018/2019Critical Occupations List (COL) 2018/2019Critical Occupations List (COL) 2018/2019Critical Occupations List (COL) 2018/2019Critical Occupations List (COL) 2018/2019

 



Monday, February 8, 2016

Top Jobs in Demand in Malaysia

Top Jobs in Demand in Malaysia

The NEAC will work with PEMANDU to develop the National Key Economic Activities (NKEAs) in the following areas:
The Petroleum Engineering degree course at Curtin Sarawak is highly recommended for those seeking lucrative careers in the Oil & gas industry
The Petroleum Engineering degree course at Curtin Sarawak is highly recommended for those seeking lucrative careers in the Oil & gas industry
  • Electrical and Electronic, where manufacturing, research and development as well as design for Malaysian companies driving innovation will be focused upon.
  • Resource-based industries in palm oil with emphasis on research initiatives. Looks like researchers will be in high demand.
  • Oil and gas sector led by a well developed pool of local talent and companies that are able to compete globally.
  • Services sector ranging from medical tourism, eco-tourism to luxury market and educational tourism. Doctors, dentists, medical and healthcare specialists, nurses, public health assistants, tourist guides, especially niche and foreign speaking ones, interpreters, translators and retail sales staff will be among those highly demanded.
  • Agriculture sector, where high value, large scale, integrated and modern practices of international standards are promoted. Those involved in manufacturing and production operations will remain relevant.
  • Green industries and services. Expertise in complex manufacturing and those in the solar and alternative energy sectors will be much sought after alongside those involved in the commercialisation of natural bio-diversity into high value products.
  • Financial services, a growth sector and enabler to growth of other sectors with great potential in Islamic finance (IF)
    Banking & Finance professionals can earn very high salaries in Malaysia
    Banking & Finance professionals can earn very high salaries in Malaysia
    services and in derivatives for risk management. IF jobs and experts in the field will be in demand, especially with Malaysia becoming a hub for integrated Islamic financial services.Bank Negara Malaysia is finalising the establishment of a physical Islamic financial centre and the imminent approvals of two mega Islamic bank licences. Needless to say those in finance and accounting positions have remained top on the list for many years.
  • Information technology, where music, film, arts and cultural expertise will play a significant role in Malaysia’s future. Web designers, developers, creative multimedia and those specialising in computer software, network, system and database administration will also have their place in the job market.
  • Bio-technology and life sciences sectors, which will require medical, scientific and manufacturing expertise.
  • Capital market industries where fund managers and venture capitalists will be crucial in creating high wages and highly skilled workforce for Malaysia’s future.

EduSpiral Consultant Services - Your Online Education Advisor

"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.
EduSpiral Consultant Services is a full-service educational counseling & planning firm that guides students from across Malaysia to help them choose the right course and university. Highly experienced professional staff will talk to you and get to know you before giving advise on which course that will best fit you and your budget. 
Established in 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 Consultant Services represents the best colleges and universities in Malaysia offering a wide range of choices for students to choose from. These top 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.



Monday, August 10, 2015

The Best Jobs in Malaysia in Banking, Finance & Investment and their Salaries

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
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
EduSpiral took time to answer my questions online and brought me around to tour the universities to help me make the right choice. Hong Ann, Full Scholarship at APU
EduSpiral took time to answer my questions online and brought me around to tour the universities to help me make the right choice.
Hong Ann, Full Scholarship at APU
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 Exp8 - 12 Years Exp12+ Years Exp
Global Markets    
Treasury Sales 72 - 192k192 - 360k360k+
Treasury Trader 72 - 180k180 - 264k264k+
Investment Banking    
Corporate Finance 72 - 144k144 - 264k264k
Debt/Equity Capital Markets72 - 144k144 - 264k264k
Investment Management    
Private Equity 96 - 240k240 - 360k360k+
Fund Manager 84 - 180k180 - 300k300k+
Research Analyst 84 - 180k180 - 300k300k+
Retail Banking    
Retail Sales and Distribution66 - 90k90 - 192k192k+
Retail Products 48 - 96k96 - 240k240k+
Transaction Banking    
Cash Management 54 - 96k96 - 240k240k+
Trade Finance 54 - 96k96 - 240k240k+
Wealth Management    
Wealth Management Products60 - 96k96 - 240k240k+
Premier/Priority Banking (RM)60 - 96k96 - 180k180k+
Wholesale Banking    
Commercial Banking (RM)54 - 102k102 - 180k180k+
Corporate Banking (RM) 54 - 114k114 - 240k240k+
   Years of ExpMinMax
Relationship Manager 8 years8,00015,000
Business Intelligence Manager8 years8,00015,000
Investment Analyst 5 to 108,00019,000
Product Development Head5 to 108,00018,000
Shariah Head 5 to 108,00021,000
Head Credit Risk 8 years8,00018,000
Head Sales  8 years8,00015,000
Head Merchant 10 years8,00018,000
Senior Manager – Compliance5 years9,00015,000
Branch Manager 5 to 65,50012,000
Compliance Manager 4 to 56,5009,500
Risk Management Manager4 to 76,5009,500
Fund Accountant Manager3 to 75,5009,000
Relationship Manager 3 to 54,0007,500
Compliance Officer 4 to 53,5007,000
Assistant Branch Manager1 to 34,0006,500
Credit Manager 1 to 33,5006,000
Treasury Officer 4 to 53,5006,500
Corporate Recovery Executive4 to 53,0005,500
Credit Analyst 4 to 53,5007,500
Internal Auditor 2 to 32,5003,500
Personal Financial Consultant1 to 32,8004,500

A Career in Investment banking in Malaysia

While some agents were pushing me to go for universities, EduSpiral took time to share information and take me and my friends for campus tours to help us make a better decision. Paul Kit, Finance at UCSI University
While some agents were pushing me to go for universities, EduSpiral took time to share information and take me and my friends for campus tours to help us make a better decision.
Paul Kit, Finance at UCSI University
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
After my Diploma at TARC, I wanted to continue on in Penang for my degree but after talking to EduSpiral, I decided to go to KL so that I can improve my English so that I can have a successful career. Chun Khin, Finance degree at HELP University
After my Diploma at TARC, I wanted to continue on in Penang for my degree but after talking to EduSpiral, I decided to go to KL so that I can improve my English so that I can have a successful career.
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
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
When EduSpiral students tour the campus & see the environment for themselves, it helps them to decide whether the university fits them. Pic - Students touring the library at Heriot-Watt University Malaysia
When EduSpiral students tour the campus & see the environment for themselves, it helps them to decide whether the university fits them. Pic - Students touring the library at Heriot-Watt University Malaysia
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.
Please contact us for more details.