Kuala Lumpur, 20 July 2018: Global recruitment specialists Michael Page Malaysia issued the Salary Benchmark 2018 which highlights salary levels in some of the country’s key industries. Among the most ranked professions, the leaders in Malaysia’s Shared Services Centres were reported to command the most attractive salaries currently. Director of Michael Page Malaysia, Nic Chambers says, “The growth of Shared Services and Business Process Outsourcing organisations will continue in 2018 with an increased number of value-added functions being migrated into Malaysia, moving away from transactional based functions. There will also be an increased demand for decision support activities such as FP&A and Management Reporting as well as expert function activities such as Tax, Treasury and Cost Management.”Here are the highest paying jobs in Malaysia according to the Michael Page Malaysia Salary Benchmark 2018:1. Shared Services Centre Director / General ManagerMalaysia is one of the top three preferred locations for most businesses due to its multi-lingual capabilities, relatively lower costs and strong government support. With a total of 450 Shared Services Centres (SSCs) and counting, the Malaysian SSC scene has continued to grow as investments continue to pour into this industry. It comes as no surprise then, that SSC Directors and GMs command a yearly salary of MYR 630,000 and is one of the most well-paid jobs in the country.2. Managing Director / General Manager (Sales)Depending on the sector, professionals in the sales field can earn between MYR 510,000 - MYR 530,000 respectively if they are in the consumer products/ FMCG sector or IT/ telecommunications sector.3. Global Head (Procurement & Supply Chain)The global head of procurement oversees the procurement and sourcing strategies of the company, on top of discovering profitable suppliers and negotiating external vendors, and those with over 10 years of experience earn approximately MYR 440,000 on average.4. Chief Financial Officer (CFO) / Finance Director (Finance and Accounting)Executive level talent is always highly sought-after, especially in the finance and accounting sector. There has been a shift away from traditional financial model towards a more proactive, agile one, giving the CFO of today a more pronounced, strategic profile with deeper integration in planning, strategy and performance management. As such, CFOs and Directors can expect to earn about MYR 420,000 a year, depending on which financial sector they specialise in. 5. Marketing Director (Consumer Products and FMCG)Marketing directors in the consumer products and FMCG sector can expect to earn in excess of MYR 390,000 on average, 7.6% more than marketing directors in the Healthcare and Life Sciences sector (MYR 360,000 per year) and 49% more than marketing directors in the professional services sector (MYR 198,000 per year).Editor’s Notes: The Michael Page Malaysia Salary Benchmark 2018 covers market insights and recruitment trends. Compiled with employment figures from our database in the last 12 months, the report contains in-depth analysis and projections in key sectors such as digital, technology, property, construction, financial services, legal, marketing, procurement, supply chain and sales. Download the Michael Page Malaysia Salary Benchmark 2018 here. ****END****
