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Highest paying jobs in Malaysia for 2019
Whether you are negotiating for a promotion or a new job offer, it helps to understand your career prospects and earning potential. As such, we took a look at salaries across a wide range of jobs across different industries and sectors in our comprehensive Salary Guide to find out what the highest paying jobs in Malaysia in 2019 are.
1. Chief Human Resource Officer/Human Resource Director (Financial Services)
In the financial services industry, significant demand continues to exist for Relationship Managers across both retail, commercial and corporate banking. And while back-end operational functions have reduced or stagnated headcount demands, hiring remains on an upward trend with continued focus on central regulators and government initiatives.
In terms of the top functions, opportunities can be found in sales, technology, , legal and marketing sectors. The marketing sector, in particular, is key. This is where you will find the second-highest paying position in Malaysia’s financial services industry. A Chief Marketing Officer, for example, can expect, on average, about MYR 510,000 per year in Malaysia.
However, even that stands in contrast to Malaysia’s burgeoning human resource sector. Leading the pack are the Chief Human Resource Officer or Human Resource Director. Both roles can expect an annual pay of MYR 620,000 on average. At the higher end of the spectrum, the same roles can even push for up to MYR 840,000.
2. Medical Director (Healthcare & Pharmaceutical)
Malaysia’s healthcare and pharmaceutical industries are experiencing strong demand for talent with hybrid sales experience across distributor models and direct selling. Finance professionals with proven data analytics skills, too, are sought after, especially those who also possess strong business acumen. These trends are driving the need for Sales Representatives, Financial Planning & Analysis Managers, as well as Financial Controllers.
With that said, the highest-paying positions in the industry come from engineering & manufacturing, as well as life sciences. A Factory Manager, for example, can command up to MYR 475,000 on average per year in Malaysia. Over on the life sciences end, Medical Directors can expect up to MYR 620,000 per year on average.
3. Supply Chain Leader (Manufacturing & Industrial)
A combination of factors accounts for the reason why a Supply Chain Leader is currently the highest paying position in Malaysia’s manufacturing industry.
Firstly, there is high demand for management level talent with strong people leadership skills, and the demand currently outweighs the supply in that regard; secondly, companies in this sector continue to focus on automation as a means to improve operational efficiencies and reduce operating costs. This means that upper-management functions along the supply chain will stand to gain the most this year in terms of pay.
Going back to the Supply Chain Leader, this person can expect to command an annual salary of MYR 620,000 on average. For perspective, a Chief Financial Officer in this sector can expect to pull in MYR 480,000 — the second-highest in this particular industry.
4. Chief Financial Officer/Managing Director (Services)
Malaysia’s fintech sector is growing at an accelerated pace, and the demand for tech-savvy candidates with experience with e-money and blockchain technologies remains high. In terms of roles in demand, Chief Technology Officer, Chief Financial Officer (CFO) and Head of Sales are all sought after in Malaysia. The CFO, in particular, is the highest paying position in this industry, with an expected annual pay of MYR 540,000 on average. This ties with a Managing Director from the engineering & manufacturing side of things. A Managing Director here can expect the same MYR 540,000 pay cheque on average annually.
5. Chief Sales Officer (Technology & Telecommunications)
There is a continuous demand for digital professionals with a strong focus on digital transformation skills in Malaysia’s technology and telecommunications industries. For example, Software Developers, System Analysts and Chief Technology Officers are all roles that are high in demand, especially if you have skills like Java scripting, mobile application development, as well as cloud-based application development.
With that said, in Malaysia’s technology and telecommunications industries, sales still reigns supreme in many cases. This is evident in the fact that the Chief Sales Officer in this sector has the highest paying position of all, with an expected annual pay of MYR 540,000 on average.
Thinking about taking the next step in your career? Our average salary benchmark tool can help you determine what you could be earning. You can also find out how your salary compares with industry averages using our salary calculator or get more tips on pay negotiation – even if it is a counter offer from your current employer.