Salary Watch 2020:: Malaysia

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1

Salary Watch 2020:


Malaysia
2 RGF Salary Watch: Malaysia

About this Report

RGF’s Salary Watch: Malaysia report has been conducted


with the aim of better understanding the salary trends and
data across all industries and job levels in Malaysia.
This report is based on the RGF-owned candidate pool
covering more than 90,000 candidates in our Malaysia
database (collected from February 2019 to February 2020).
The definition of annual basic salary used does not include
allowance, stock, bonus or any other additional benefits,
and the used is USD1 = RM4.
Due to the real-time nature of some of this data, RGF
encourages readers to use its insights at their discretion.
16

RGF Salary Watch: Malaysia 3

Table of Contents

About the Report 2

Table of Contents 3

Malaysia
Overview 5
Key Trends 7
Job Market Trends 8
Salary Data 12

References 41

About RGF 42
4 RGF Salary Watch: Malaysia

Overview of
Malaysia
RGF Salary Watch: Malaysia 5

A Focus on Digitalization
LABOR MARKET SIZE GDP

22.4 USD370
MILLION1 BILLION2
FDI PMI

USD7.5 504
BILLION3
(Key Index 2019)

Since 2018, Malaysia has been setting the groundwork to digitize and become a smart nation5.
In turn, the country has garnered interest from international businesses looking to move into the
region – especially in the technology and industrial sectors. As these companies set up shop,
they are looking to hire talent with niche, technical and digital skills.
With the outbreak of COVID-19, Malaysia experienced limited export growth in the first quarter
of the year due to its close business partnerships with Mainland China. This led to a revision of
its economic forecast by the World Bank, moving from an outlook of 4.6% GDP growth to 4.5%
as of Feb 20206. When the virus began to spread throughout Malaysia, the government ordered
a nationwide lockdown beginning March 18th. Though this pause in productivity will impact the
economy throughout the first half of the year, the stimulus package passed by the government
should help keep the economy afloat, and it is expected that GDP growth will rebound in the
near future7.
Once workforce productivity is back to normal in Malaysia, the rapid pace of Industry 4.0
adoption is expected to resume, with automation driving transformation across many sectors,
as well as driving up demand for tech-savvy job candidates.
6 RGF Salary Watch: Malaysia


New Wage Regulations are Great for Employees,
Worrisome for Employers

The combination of the minimum wage increase that was put into place by the government in
February 2020 and the very quick spread of COVID-19 that led to a movement control order
has significantly impacted Malaysian businesses. These factors have certainly driven company
stakeholders to be more cost-conscious, and leaders have learned and leveraged the current
situation to restructure their businesses and adapt to the new norm.

Because of the rapid changes that have been made to combat the global pandemic, the
economic outlook for the region has changed drastically for the first time in many years. This
means employees may not receive the annual salary increment they are accustomed to, and
job seekers may not be offered compensation packages as per market practices in the past.

What’s more, the volatility of the market has led to a slowdown in hiring as well as hiring
freezes – though the job market will pick back up eventually, it could be quite so time before
companies feel secure enough to bring in new employees. Because of the sudden economic
downturn, the Malaysian government introduced the Prihatin Rakyat Economic Stimulus
Package (ESP), a series of short-term measures meant to help ease the financial burdens of
Malaysians and the business community.

The outbreak will change careers and the lives of many of us for the foreseeable future,
therefore we anticipate the employment market and what are considered hot jobs will be
skewed towards sectors that will help the business community adapt to the new norm.
Because of this, it is likely there will be a rise in the need for new skill sets that include


specialized knowledge and experience in sophisticated technology such as artificial
intelligence, cybersecurity, and data analysis.

Ai Ling Lee
Managing Director,
RGF Executive Search Malaysia
RGF Salary Watch: Malaysia 7

Key Trends
Employers’ Annual Salary Employees’ Salary
Increment Range Increment Expectations

32%
when they
8%8 change employers9.
(Data given was collected by RGF before February 2020)

Additional Benefits Employees Look for


However, compensation includes more than just a salary – and talent in Malaysia want to work
for companies that offer the following benefits10:

80%
74%
53%
PERFORMANCE- GUARANTEED PROFIT-SHARING
BASED BONUSES REMUNERATION, SCHEME SUCH
SUCH AS A FIXED AS STAFF EQUITY
BONUS AND
ALLOWANCE

Seeking Senior Professionals


As industries across Malaysia digitize and begin moving toward reindustrialization, companies
are in need of senior management professionals with experience leading transformative business
efforts. Though most industries are being impacted by the governmental shift in focus to
digitize, industries such as finance and automotive manufacturing are particularly important to
the economy, requiring not just process transformation, but workforce transformation, as well.
Because of the need to upskill and reskill employees alongside implementing new technologies,
workflow processes and best practices, many companies are looking for candidates with a
wealth of experience in business transformation and knowledge of the local market.
8 RGF Salary Watch: Malaysia

Job Market
Trends
RGF Salary Watch: Malaysia 9

Talent Trends
When candidates in Malaysia are evaluating whether or not to accept an offer, they look at much
more than just the salary offered. What’s more, Malaysian talent rate the opportunity to expand
their knowledge and skills as slightly more important than salary, which comes in as the second
most important factor in considering a job offer. In addition, they also consider the position title
and responsibilities, whether or not they can grow with the company, the type of leadership style
and the level of work-life balance they would be afforded. Employers looking to both attract and
retain talent would be wise to offer a healthy mix of these benefits in compensation packages11.

67% 65% 47%

EXPAND KNOWLEDGE SALARY INCREMENT TITLE AND


& SKILLS RESPONSIBILITIES

Job Market Trends


Moving toward Industry 4.0
After launching a national policy on Industry 4.0 in November 2018, Malaysia’s manufacturing
industry has been working to digitize and automate its processes in order to reach the nation’s
goals of becoming an Industry 4.0 hub for Southeast Asia, increasing sustainability efforts and
increasing GDP per capita as well as higher skills-based employment opportunities12.
As companies move toward meeting this goal, advanced technologies such as Internet of Things,
artificial intelligence and machine learning are being adopted in order to automate processes and
increase productivity, leading to the need for businesses to upskill their workforces and seek out
talent with knowledge and experience in engineering, data analysis and robotics.

AI Scientists with 8–10 years of Digital Transformation Engineers


experience working at large local with 3–5 years of experience working
companies earn up to USD63,000 at large local companies earn up to
annually in Malaysia. USD24,000 annually in Malaysia.
10 RGF Salary Watch: Malaysia

Mobile Banking Boom


Internet banking across Malaysia was close to a 100% usage rate at the end of 2019 according
to Bank Negara13, so it comes as little surprise that mobile banking tools such as fintech,
insurance technology, blockchain and crowdfunding are also gaining momentum. With more than
200 startups in the financial technology space across Malaysia, there’s no shortage of options for
Malaysians looking for on-the-go finance solutions, be it e-wallets, loans, or know-your-customer
processes. Cybersecurity goes hand-in-hand with the expansion of the mobile banking industry,
and as more businesses scale their operations, there is also a lift in demand for cybersecurity
specialist and data scientist roles to help protect customer information14.

Software Developers with 10–15 Cybersecurity Engineers with 3–5


years of experience working at a years of experience working at a
local SME earn between USD30,000 local SME earn between USD19,500
and USD42,000 annually in Malaysia. and USD27,000 annually in Malaysia.

Combatting the Talent Crunch


As Malaysian companies adopt increasingly sophisticated digital tools, including Industry 4.0
operations such as automation, machine learning, artificial intelligence and Internet of Things,
business’s talent needs are two-fold: first is for experienced professionals with specialized tech
skills, and second is to upskill the current workforce.
To assist with upskilling, the Malaysian government has partnered with General Assembly to help
candidates develop their skill, especially in the realm of digital skills15. Beyond investing in this
type of employee development, companies in Malaysia can also focus on strengthening employer
brand, reevaluating their talent strategy and tailoring it to current talent trends, and ensuring
compensation packages are competitive in order to attract talent.

What employers are looking for in talent:

RELEVANT KNOWLEDGE ADAPTABILITY CULTURE FIT17


AND EXPERIENCE16
RGF Salary Watch: Malaysia 11

Hot Jobs
Industrial Financial Services
Smart Manufacturing • Audit & Compliance
• Application Engineering • Equity Research
• Manufacturing, Production & • Fund Management
Operations • FX/Commodities
• Project Management • Internal IT
• Quality Management • Investment Banking
• Sales & Marketing • Investment Portfolio Management
• Senior Management • Legal
• Supply Chain • Private Equity
• Relationship Management
Technology, Internet & • Risk Management
Telecommunications • Treasury

• AI and Data Science


• Big Data & Business Healthcare & Life Science
Intelligence
• Medical
• Cybersecurity
• R&D
• Digitalization & Transformation
• Senior Management
• Marketing & Ecommerce
• Supply Chain
• Sales & Commercialization

Consumer Goods & Retail Corporate Services


• Finance & Accounting
• Business Strategy & Commercial
• HR
• CRM & Account Management
• Legal & Compliance
• Digitalization
• Supply Chain
• Ecommerce
• Marketing & Branding
• Sales & Business Development Media, Advertising
• Supply Chain & Procurement & Entertainment
• Account Management & CRM
• Creativity & Content
• Digital Marketing
• Media Planning
12 RGF Salary Watch: Malaysia

Malaysia
Salary Data

Key Finding
“As the shared services and
outsourcing sector gains momentum
throughout Malaysia and industrial
processes become more data-
driven and enabled by automation,
experienced production managers
can earn upwards of US$80,000, and
quality management directors could
take home a salary worth more than
USD150,000.
RGF Salary Watch: Malaysia 13

Industrial - Smart Manufacturing


ANNUAL SALARY RANGE ANNUAL SALARY RANGE
YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN RM)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX

Global MNC 1025 1845 4100 7380

CEO/President 20+ Large Local/Global MNC HQ 135 202 540 810

SME 84 151 336 604

Global MNC 135 243 540 972

Senior Management GM 15-20 Large Local/Global MNC HQ - - - -

SME - - - -

Global MNC 96 172 384 691

VP 15-20 Large Local/Global MNC HQ 75 135 300 540

SME 45 81 180 325

Global MNC 60 108 240 432

Director 15-20 Large Local/Global MNC HQ 54 96 215 387

SME 48 86 192 345

Global MNC 33 45 132 180

Manager 10-15 Large Local/Global MNC HQ 24 40 96 60

SME 18 30 72 120
R&D
Global MNC 18 24 72 96

Engineer 5-8 Large Local/Global MNC HQ 15 21 60 84

SME 12 18 48 72

Global MNC 15 18 60 72

Supervisor 3-5 Large Local/Global MNC HQ 12 15 48 60

SME 12 15 48 60

Global MNC 60 108 240 540

Director 15-20 Large Local/Global MNC HQ 54 86 215 387

SME 48 46 192 252

Global MNC 33 34 132 224


Application
Manager 10-15 Large Local/Global MNC HQ 24 25 96 168
Engineering
SME 18 25 72 168

Global MNC 18 25 72 134

Engineer 5-8 Large Local/Global MNC HQ 15 21 60 84

SME 12 18 48 72
14 RGF Salary Watch: Malaysia

ANNUAL SALARY RANGE ANNUAL SALARY RANGE


YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN RM)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX
Global MNC 78 140 312 730
Director 15-20 Large Local/Global MNC HQ 70 105 280 420
SME 60 108 240 540
Global MNC 60 84 240 420
Manager 10-15 Large Local/Global MNC HQ 36 45 144 180
SME 24 30 96 120

Manufacturing, Global MNC 60 75 240 300


Excellence
Production & 10-15 Large Local/Global MNC HQ 45 60 180 240
Leader
Operation SME - - - -
Global MNC 18 24 72 96
Engineer 5-8 Large Local/Global MNC HQ 15 21 60 84
SME 12 17 48 101
Global MNC 15 21 60 100
Supervisor 3-5 Large Local/Global MNC HQ 12 16 48 84
SME 12 16 48 84
Global MNC 90 162 360 864
Director 15-20 Large Local/Global MNC HQ 85 153 340 756
SME 60 108 240 360
Global MNC 38 50 150 200
Manager 10-15 Large Local/Global MNC HQ 36 45 144 180
Quality SME 24 30 96 120
Management Global MNC 18 24 72 96
Engineer 5-8 Large Local/Global MNC HQ 15 21 60 84
SME 12 18 48 72
Global MNC 15 18 60 72
Supervisor 3-5 Large Local/Global MNC HQ 12 15 48 60
SME 12 15 48 60
Global MNC 105 189 420 864
Director 15-20 Large Local/Global MNC HQ 90 162 360 756
SME 60 108 240 540
Global MNC 45 63 180 352
Manager 10-15 Large Local/Global MNC HQ 36 50 144 252
Project SME 24 33 96 168
Management Global MNC 18 25 72 134
Engineer 5-8 Large Local/Global MNC HQ 15 21 60 118
SME 12 16 48 100
Global MNC 15 21 60 100
Supervisor 3-5 Large Local/Global MNC HQ 12 16 48 84
SME 12 16 48 84
RGF Salary Watch: Malaysia 15

ANNUAL SALARY RANGE ANNUAL SALARY RANGE


YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN RM)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX

Global MNC 75 135 300 648

Sales Director 15-20 Large Local/Global MNC HQ 60 108 240 540

SME 45 81 180 432

Global MNC 36 45 144 180

Sales Manager 10-15 Large Local/Global MNC HQ 24 34 96 201

SME 18 25 72 134

Global MNC 30 42 120 252


Business
Development 10-15 Large Local/Global MNC HQ 25 35 100 210
Manager
SME 24 33 96 210
Sales & Marketing
Global MNC 24 33 96 201

Account Manager 5-8 Large Local/Global MNC HQ 18 24 72 96

SME 12 16 48 100

Global MNC 75 135 300 648


Marketing
15-20 Large Local/Global MNC HQ 60 108 240 540
Director
SME 45 81 180 432

Global MNC 36 50 144 252


Marketing
10-15 Large Local/Global MNC HQ 24 33 96 201
Manager
SME 18 25 72 134

Global MNC 60 90 240 360

Director 15-20 Large Local/Global MNC HQ 60 90 240 360

SME 45 81 180 240

Global MNC 45 60 180 240

Manager 10-15 Large Local/Global MNC HQ 45 60 180 240

SME 30 42 120 180


Supply Chain
Global MNC 12 16 48 100

Supervisor 5-8 Large Local/Global MNC HQ 12 16 48 100

SME 9 12 36 84

Global MNC 6 8 24 67

Non-management 3-5 Large Local/Global MNC HQ 6 8 24 67

SME 6 8 24 67

= Hot jobs

• Definition of annual salary range refers to basic salary, not include allowance, stock, bonus or any other additional benefits.
• Exchange rate: USD1 = RM4
16 RGF Salary Watch: Malaysia

Technology, Internet & Telecommunications


ANNUAL SALARY RANGE ANNUAL SALARY RANGE
YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN RM)
FUNCTION POSITION EXPERIENCE COMPANY TYPE
MIN MAX MIN MAX

Global MNC 240 360 960 1440

CEO/President 20+ Large Local/Global MNC HQ 300 450 1200 1800

SME 165 297 660 1188

Global MNC 150 240 600 960

Senior Management VP 20+ Large Local/Global MNC HQ 195 300 780 1200

SME 135 210 540 840

Global MNC 120 195 480 780

GM 20+ Large Local/Global MNC HQ 135 240 540 960

SME 105 189 420 756

Global MNC 90 135 360 540

Director 15-20 Large Local/Global MNC HQ 135 243 540 972

SME 75 135 300 540

Global MNC 36 65 144 202


Manager/
R&D 10-15 Large Local/Global MNC HQ 54 97 216 302
Architect
SME 30 54 120 168

Global MNC 21 38 84 118

Engineer 8-10 Large Local/Global MNC HQ 24 43 96 134

SME 19.5 35 78 109

Global MNC 75 135 300 540

Director 15-20 Large Local/Global MNC HQ 90 135 360 540

SME 60 105 240 420

Global MNC 36 65 144 202


Mobile Manager/
10-15 Large Local/Global MNC HQ 45 81 180 252
Development Architect
SME 30 54 120 168

Global MNC 24 43 96 134

Engineer 5-8 Large Local/Global MNC HQ 24 43 96 134

SME 19.5 35 78 109


RGF Salary Watch: Malaysia 17

ANNUAL SALARY RANGE ANNUAL SALARY RANGE


YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN RM)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX
Global MNC 75 135 300 540
Director 10-15 Large Local/Global MNC HQ 90 135 360 540
SME 60 105 240 420
Global MNC 36 50 144 202
Manager/
AI and Data Science 8-10 Large Local/Global MNC HQ 45 63 180 252
Architect
SME 30 42 120 168
Global MNC 20 27 78 109
Engineer 3-5 Large Local/Global MNC HQ 20 27 78 109
SME 14 19 54 76

Global MNC 75 135 300 540


Director 15-20 Large Local/Global MNC HQ 90 135 360 540
SME 60 105 240 420
Global MNC 36 50 144 202
Front End
Manager/
& Back End 10-15 Large Local/Global MNC HQ 45 63 180 252
Architect
Engineering
SME 30 42 120 168
Global MNC 24 34 96 134
Engineer 5-8 Large Local/Global MNC HQ 24 34 96 134
SME 20 27 78 109

Global MNC 75 135 300 540


Director 20+ Large Local/Global MNC HQ 90 150 360 600
SME 60 105 240 420
Global MNC 45 63 180 252
Manager/
Cyber Security 15-20 Large Local/Global MNC HQ 54 76 216 302
Architect
SME 45 63 180 252
Global MNC 23 32 90 126
Engineer 5-8 Large Local/Global MNC HQ 24 34 96 134
SME 20 27 78 109

Global MNC 75 135 300 540


Director 15-20 Large Local/Global MNC HQ 90 135 360 540
SME 60 105 240 420
Global MNC 36 66 144 264
Big Data & Business Manager/
10-15 Large Local/Global MNC HQ 45 63 180 252
Intelligence Architect
SME 30 42 120 168
Global MNC 24 34 96 134
Engineer 5-8 Large Local/Global MNC HQ 24 34 96 134
SME 20 30 78 120
18 RGF Salary Watch: Malaysia

ANNUAL SALARY RANGE ANNUAL SALARY RANGE


POSITION YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN RM)
FUNCTION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX
Global MNC 75 135 300 540
Director 15-20 Large Local/Global MNC HQ 90 135 360 540
SME 60 105 240 420
Global MNC 36 50 144 202
Software &
Hardware Manager/Architect 10-15 Large Local/Global MNC HQ 45 63 180 252
Development
SME 30 42 120 168
Global MNC 24 34 96 134
Engineer 5-8 Large Local/Global MNC HQ 24 34 96 134
SME 19.5 27 78 109
Global MNC 75 135 300 540
Director 15-20 Large Local/Global MNC HQ 90 135 360 540
SME 60 108 240 432
Global MNC 36 50 144 202
Manager 10-15 Large Local/Global MNC HQ 45 63 180 252

Digitalization SME 30 42 120 168


Transformation Global MNC 21 29 84 118
Associate 5-8 Large Local/Global MNC HQ 24 34 96 134
SME 18 24 72 96
Global MNC 17 23 66 92
Engineer 3-5 Large Local/Global MNC HQ 17 24 66 96
SME 14 19 54 76
Global MNC 75 135 300 540
Director 15-20 Large Local/Global MNC HQ 90 162 360 648
SME 60 108 240 432
Global MNC 36 50 144 202
Application
Manager 10-15 Large Local/Global MNC HQ 45 63 180 252
Management
SME 30 42 120 168
Global MNC 21 29 84 118
Associate 5-8 Large Local/Global MNC HQ 21 29 84 118
SME 20 27 78 109
RGF Salary Watch: Malaysia 19

ANNUAL SALARY RANGE ANNUAL SALARY RANGE


POSITION YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN RM)
FUNCTION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX
Global MNC 75 135 300 540
Director 15-20 Large Local/Global MNC HQ 90 162 360 648
SME 60 162 240 648
Global MNC 36 50 144 202
Corporate IT
Manager 10-15 Large Local/Global MNC HQ 45 63 180 252
services
SME 30 42 120 168
Global MNC 21 29 84 118
Associate 5-8 Large Local/Global MNC HQ 21 29 84 118
SME 20 27 78 109

Global MNC 75 135 300 540


Director 15-20 Large Local/Global MNC HQ 105 189 420 756
SME 75 135 300 540
Global MNC 45 63 180 252
Consulting
implementation & Manager 10-15 Large Local/Global MNC HQ 45 63 180 252
Management
SME 30 42 120 168
Global MNC 24 34 96 134
Associate 5-8 Large Local/Global MNC HQ 24 34 96 134
SME 20 27 78 109

Global MNC 75 135 300 540


Director 15-20 Large Local/Global MNC HQ 90 162 360 648
SME 60 108 240 432
Global MNC 36 50 144 202
Product &
Operation Manager/Expert 10-15 Large Local/Global MNC HQ 45 63 180 252
Management
SME 30 42 120 168
Global MNC 24 34 96 134
Associate 5-8 Large Local/Global MNC HQ 24 34 96 134
SME 20 27 78 109

Global MNC 75 135 300 540


Director 15-20 Large Local/Global MNC HQ 105 189 420 756
SME 75 135 300 540
Global MNC 45 63 180 252
Project
Manager/Expert 10-15 Large Local/Global MNC HQ 45 63 180 252
Management
SME 30 42 120 168
Global MNC 24 34 96 134
Associate 5-8 Large Local/Global MNC HQ 24 34 96 134
SME 20 27 78 109
20 RGF Salary Watch: Malaysia

ANNUAL SALARY RANGE ANNUAL SALARY RANGE


YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN RM)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX

Global MNC 75 135 300 540

Director 15-20 Large Local/Global MNC HQ 90 162 360 648

SME 60 108 240 432

Global MNC 36 50 144 202


Domestic & Cross-
Border E-Commerce Manager/Expert 10-15 Large Local/Global MNC HQ 45 63 180 252
Management
SME 30 42 120 168

Global MNC 21 29 84 118

Associate 5-8 Large Local/Global MNC HQ 24 34 96 134

SME 18 25 72 101

Global MNC 75 135 300 540

Director 15-20 Large Local/Global MNC HQ 90 162 360 648

SME 60 108 240 432

Global MNC 36 50 144 202

Digital Marketing Manager/Expert 10-15 Large Local/Global MNC HQ 45 63 180 252

SME 30 42 120 168

Global MNC 21 29 84 118

Associate 5-8 Large Local/Global MNC HQ 24 34 96 134

SME 17 23 66 92

Global MNC 75 135 300 540

Director 20+ Large Local/Global MNC HQ 90 162 360 648

SME 60 108 240 432

Global MNC 45 63 180 252


Account
management & Manager/Expert 15-20 Large Local/Global MNC HQ 45 63 180 252
Customer Success
SME 30 42 120 168

Global MNC 24 34 96 134

Associate 8-10 Large Local/Global MNC HQ 24 34 96 134

SME 20 27 78 109
RGF Salary Watch: Malaysia 21

ANNUAL SALARY RANGE ANNUAL SALARY RANGE


YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN RM)
KEY AREAS POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX

Global MNC 90 162 360 648

Director 20+ Large Local/Global MNC HQ 105 189 420 756

SME 75 135 300 540

Global MNC 45 63 180 252

Sales Manager/Expert 15-20 Large Local/Global MNC HQ 45 63 180 252

SME 30 42 120 168

Global MNC 24 34 96 134

Associate 5-8 Large Local/Global MNC HQ 24 34 96 134

SME 20 27 78 109

Global MNC 75 135 300 540

Director 15-20 Large Local/Global MNC HQ 90 150 360 600

SME 60 108 240 432

Global MNC 36 50 144 202

Pre-sales Manager 10-15 Large Local/Global MNC HQ 45 63 180 252

SME 30 42 120 168

Global MNC 24 34 96 134

Associate 5-8 Large Local/Global MNC HQ 24 34 96 134

SME 20 27 78 109

= Hot jobs

• Definition of annual salary range refers to basic salary, not include allowance, stock, bonus or any other additional benefits.
• Exchange rate: USD1 = RM4
22 RGF Salary Watch: Malaysia

Financial Services (Front Office)


ANNUAL SALARY RANGE ANNUAL SALARY RANGE
YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN RM)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX
Global MNC 202 363 807 1453
Managing
20+ Large Local/Global MNC HQ 239 431 957 1722
Director
SME 187 224 748 897
Global MNC 239 431 957 1722
Director 15-20 Large Local/Global MNC HQ 224 404 897 1615

Relationship SME 209 377 837 1507


Management Global MNC 187 262 748 1047
Associate 5-8 Large Local/Global MNC HQ 168 235 673 942
SME 150 209 598 837
Global MNC 135 188 538 753
Analyst 3-5 Large Local/Global MNC HQ 112 157 449 628
SME 97 136 389 544
Global MNC 262 471 1047 1884
Managing
20+ Large Local/Global MNC HQ 239 431 957 1722
Director
SME 187 336 748 1346
Global MNC 239 431 957 1722
Director 15-20 Large Local/Global MNC HQ 224 404 897 1615

Transaction SME 209 377 837 1507


Banking Sales Global MNC 187 262 748 1047
Associate 5-8 Large Local/Global MNC HQ 168 235 673 942
SME 150 209 598 837
Global MNC 135 188 538 753
Analyst 3-5 Large Local/Global MNC HQ 112 157 449 628
SME 97 136 389 544
Global MNC 187 336 748 1346
Managing
15-20 Large Local/Global MNC HQ 164 296 658 1184
Director
SME 150 269 598 1076
Global MNC 135 242 538 969
Director 10-15 Large Local/Global MNC HQ 112 202 449 807

Investment Portfolio SME 172 309 688 1238


Management Global MNC 157 220 628 879
Associate 5-8 Large Local/Global MNC HQ 150 209 598 837
SME 142 199 568 795
Global MNC 120 167 478 670
Analyst 3-5 Large Local/Global MNC HQ 112 157 449 628
SME 90 126 359 502
RGF Salary Watch: Malaysia 23

ANNUAL SALARY RANGE ANNUAL SALARY RANGE


YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN RM)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX
Global MNC 217 390 867 1561
Managing
15-20 Large Local/Global MNC HQ 202 363 807 1453
Director
SME 187 336 748 1346
Global MNC 168 262 673 1047
Director 10-15 Large Local/Global MNC HQ 150 224 598 897
SME 135 242 538 969
Fixed Income Sales
Global MNC 127 168 508 673
Associate 5-8 Large Local/Global MNC HQ 120 150 478 598
SME 90 112 359 449
Global MNC 105 142 419 568
Analyst 3-5 Large Local/Global MNC HQ 90 126 359 502
SME 75 90 299 359
Global MNC 217 390 867 1561
Managing
15-20 Large Local/Global MNC HQ 202 318 807 1271
Director
SME 187 336 748 1346
Global MNC 168 303 673 1211
Director 10-15 Large Local/Global MNC HQ 150 224 598 897
SME 135 206 538 822
Fixed Income Trading
Global MNC 127 168 508 673
Associate 5-8 Large Local/Global MNC HQ 120 150 478 598
SME 90 112 359 449
Global MNC 105 142 419 568
Analyst 3-5 Large Local/Global MNC HQ 90 126 359 502
SME 75 90 299 359
Global MNC 217 355 867 1420
Managing
15-20 Large Local/Global MNC HQ 202 318 807 1271
Director
SME 187 336 748 1346
Global MNC 168 303 673 1211
Director 10-15 Large Local/Global MNC HQ 150 269 598 1076
SME 135 242 538 969
Investment Banking
Global MNC 127 168 508 673
Associate 5-8 Large Local/Global MNC HQ 120 150 478 598
SME 90 112 359 449
Global MNC 105 142 419 568
Analyst 3-5 Large Local/Global MNC HQ 90 126 359 502
SME 75 90 299 359
24 RGF Salary Watch: Malaysia

ANNUAL SALARY RANGE ANNUAL SALARY RANGE


YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN RM)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX
Global MNC 217 355 867 1420
Managing
15-20 Large Local/Global MNC HQ 202 318 807 1271
Director
SME 187 224 748 897
Global MNC 168 262 673 1047
Director 10-15 Large Local/Global MNC HQ 150 224 598 897
SME 135 206 538 822
Equity Sales
Global MNC 127 168 508 673
Associate 8-10 Large Local/Global MNC HQ 120 150 478 598
SME 90 112 359 449
Global MNC 105 142 419 568
Analyst 5-8 Large Local/Global MNC HQ 90 126 359 502
SME 75 90 299 359
Global MNC 217 355 867 1420
Managing
15-20 Large Local/Global MNC HQ 202 318 807 1271
Director
SME 187 336 748 1346
Global MNC 168 262 673 1047
Director 10-15 Large Local/Global MNC HQ 150 224 598 897
SME 135 242 538 969
Equity Trading
Global MNC 127 168 508 673
Associate 8-10 Large Local/Global MNC HQ 120 150 478 598
SME 90 112 359 449
Global MNC 105 142 419 568
Analyst 5-8 Large Local/Global MNC HQ 90 126 359 502
SME 75 90 299 359
Global MNC 262 471 1047 1884
Managing
10-15 Large Local/Global MNC HQ 224 404 897 1615
Director
SME 209 377 837 1507
Global MNC 239 431 957 1722
Director 8-10 Large Local/Global MNC HQ 224 404 897 1615
SME 187 336 748 1346
Equity Research
Global MNC 168 235 673 942
Associate 5-8 Large Local/Global MNC HQ 150 209 598 837
SME 112 157 449 628
Global MNC 142 199 568 795
Analyst 3-5 Large Local/Global MNC HQ 127 178 508 712
SME 90 126 359 502
RGF Salary Watch: Malaysia 25

ANNUAL SALARY RANGE ANNUAL SALARY RANGE


YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN RM)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX
Global MNC 262 471 1047 1884
Managing
10-15 Large Local/Global MNC HQ 239 431 957 1722
Director
SME 187 336 748 1346
Global MNC 239 431 957 1722
Director 8-10 Large Local/Global MNC HQ 224 404 897 1615
SME 209 377 837 1507
Private Equity
Global MNC 187 262 748 1047
Associate 5-8 Large Local/Global MNC HQ 168 235 673 942
SME 150 209 598 837
Global MNC 135 188 538 753
Analyst 3-5 Large Local/Global MNC HQ 112 157 449 628
SME 97 136 389 544
Global MNC 262 471 1047 1884
Managing
15-20 Large Local/Global MNC HQ 239 431 957 1722
Director
SME 187 336 748 1346
Global MNC 239 431 957 1722
Director 10-15 Large Local/Global MNC HQ 224 404 897 1615
SME 209 377 837 1507
Intermediary Sales
Global MNC 187 262 748 1047
Associate 5-8 Large Local/Global MNC HQ 168 235 673 942
SME 150 209 598 837
Global MNC 135 188 538 753
Analyst 3-5 Large Local/Global MNC HQ 112 157 449 628
SME 97 136 389 544
Global MNC 262 471 1047 1884
Managing
15-20 Large Local/Global MNC HQ 239 431 957 1722
Director
SME 187 336 748 1346
Global MNC 239 431 957 1722
Director 10-15 Large Local/Global MNC HQ 224 404 897 1615
SME 209 377 837 1507
Derivative Structuring
Global MNC 187 336 748 1346
Associate 8-10 Large Local/Global MNC HQ 168 235 673 942
SME 150 209 598 837
Global MNC 135 188 538 753
Large Local/Global MNC
Analyst 5-8 112 157 449 628
HQ
SME 97 136 389 544
26 RGF Salary Watch: Malaysia

ANNUAL SALARY RANGE ANNUAL SALARY RANGE


YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN RM)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX
Global MNC 262 471 1047 1884
Managing
15-20 Large Local/Global MNC HQ 239 431 957 1722
Director
SME 187 336 748 1346
Global MNC 239 431 957 1722
Director 10-15 Large Local/Global MNC HQ 224 404 897 1615
SME 209 377 837 1507
FX/Commodities
Global MNC 187 262 748 1047
Associate 8-10 Large Local/Global MNC HQ 168 235 673 942
SME 150 209 598 837
Global MNC 135 188 538 753
Analyst 5-8 Large Local/Global MNC HQ 112 157 449 628
SME 97 136 389 544
Global MNC 262 471 1047 1884
Managing
15-20 Large Local/Global MNC HQ 239 431 957 1722
Director
SME 187 336 748 1346
Global MNC 239 431 957 1722
Director 10-15 Large Local/Global MNC HQ 224 404 897 1615
SME 209 377 837 1507
Institutional Sales
Global MNC 187 262 748 1047
Associate 8-10 Large Local/Global MNC HQ 168 235 673 942
SME 150 209 598 837
Global MNC 135 188 538 753
Analyst 5-8 Large Local/Global MNC HQ 112 157 449 628
SME 97 136 389 544
Global MNC 262 471 1047 1884
Managing
15-20 Large Local/Global MNC HQ 239 431 957 1722
Director
SME 187 336 748 1346
Global MNC 239 431 957 1722
Director 10-15 Large Local/Global MNC HQ 224 404 897 1615
SME 209 377 837 1507
Fund Management
Global MNC 187 262 748 1047
Associate 8-10 Large Local/Global MNC HQ 168 235 673 942
SME 150 209 598 837
Global MNC 135 188 538 753
Analyst 5-8 Large Local/Global MNC HQ 112 157 449 628
SME 97 136 389 544

= Hot jobs

• Definition of annual salary range refers to basic salary, not include allowance, stock, bonus or any other additional benefits.
• Exchange rate: USD1 = RM4
RGF Salary Watch: Malaysia 27

Financial Services (Middle Office)


ANNUAL SALARY RANGE ANNUAL SALARY RANGE
YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN RM)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX
Global MNC 262 471 1047 1884
Managing
15-20 Large Local/Global MNC HQ 239 431 957 1722
Director
SME 187 336 748 1346
Global MNC 239 431 957 1722
Director 10-15 Large Local/Global MNC HQ 224 404 897 1615
SME 209 377 837 1507
Risk Management
Global MNC 187 262 748 1047
Associate 8-10 Large Local/Global MNC HQ 168 235 673 942
SME 150 209 598 837
Global MNC 135 188 538 753
Analyst 5-8 Large Local/Global MNC HQ 112 157 449 628
SME 97 136 389 544
Global MNC 262 471 1047 1884
Managing
10-15 Large Local/Global MNC HQ 239 431 957 1722
Director
SME 187 336 748 1346
Global MNC 239 431 957 1722
Director 8-10 Large Local/Global MNC HQ 224 404 897 1615

Product SME 209 377 837 1507


Management Global MNC 187 262 748 1047
Associate 5-8 Large Local/Global MNC HQ 168 235 673 942
SME 150 209 598 837
Global MNC 135 188 538 753
Analyst 3-5 Large Local/Global MNC HQ 112 157 449 628
SME 97 136 389 544
Global MNC 262 471 1047 1884
Managing
10-15 Large Local/Global MNC HQ 239 431 957 1722
Director
SME 187 336 748 1346
Global MNC 239 431 957 1722
Director 8-10 Large Local/Global MNC HQ 224 404 897 1615

Product SME 209 377 837 1507


Development Global MNC 187 262 748 1047
Associate 5-8 Large Local/Global MNC HQ 168 235 673 942
SME 150 209 598 837
Global MNC 135 188 538 753
Analyst 3-5 Large Local/Global MNC HQ 112 157 449 628
SME 97 136 389 544
28 RGF Salary Watch: Malaysia

ANNUAL SALARY RANGE ANNUAL SALARY RANGE


YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN RM)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX
Global MNC 262 471 1047 1884
Managing
10-15 Large Local/Global MNC HQ 239 431 957 1722
Director
SME 187 336 748 1346
Global MNC 239 431 957 1722
Director 8-10 Large Local/Global MNC HQ 224 404 897 1615
SME 209 377 837 1507
Treasury
Global MNC 187 262 748 1047
Associate 5-8 Large Local/Global MNC HQ 168 235 673 942
SME 150 209 598 837
Global MNC 135 188 538 753
Analyst 3-5 Large Local/Global MNC HQ 112 157 449 628
SME 97 136 389 544
Global MNC 262 471 1047 1884
Managing
10-15 Large Local/Global MNC HQ 239 431 957 1722
Director
SME 187 336 748 1346
Global MNC 239 431 957 1722
Director 8-10 Large Local/Global MNC HQ 224 404 897 1615
SME 209 377 837 1507
Operation
Global MNC 187 262 748 1047
Associate 5-8 Large Local/Global MNC HQ 168 235 673 942
SME 150 209 598 837
Global MNC 135 188 538 753
Analyst 3-5 Large Local/Global MNC HQ 112 157 449 628
SME 97 136 389 544
Global MNC 194 350 777 1399
Managing
10-15 Large Local/Global MNC HQ 179 323 718 1292
Director
SME 150 269 598 1076
Global MNC 157 283 628 1130
Director 8-10 Large Local/Global MNC HQ 135 242 538 969

Trade and Sales SME 112 202 449 807


Support Global MNC 97 135 389 538
Associate 5-8 Large Local/Global MNC HQ 105 147 419 586
SME 90 126 359 502
Global MNC 75 90 299 359
Analyst 3-5 Large Local/Global MNC HQ 60 75 239 299
SME 45 60 179 239

= Hot jobs

• Definition of annual salary range refers to basic salary, not include allowance, stock, bonus or any other additional benefits.
• Exchange rate: USD1 = RM4
RGF Salary Watch: Malaysia 29

Financial Services (Back Office)


ANNUAL SALARY RANGE ANNUAL SALARY RANGE
YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN RM)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX
Global MNC 194 350 777 1399
Director 8-10 Large Local/Global MNC HQ 179 323 718 1292
SME 150 269 598 1076
Global MNC 157 206 628 822
Audit & Compliance Manager 5-8 Large Local/Global MNC HQ 135 188 538 753
SME 112 157 449 628
Global MNC 97 135 389 538
Non-
3-5 Large Local/Global MNC HQ 105 147 419 586
management
SME 90 126 359 502
Global MNC 75 135 299 538
Director 8-10 Large Local/Global MNC HQ 60 108 239 431
SME 45 81 179 323
Global MNC 75 90 299 359
Internal IT Manager 5-8 Large Local/Global MNC HQ 60 75 239 299
SME 45 63 179 251
Global MNC 150 209 598 837
Non-
3-5 Large Local/Global MNC HQ 135 188 538 753
management
SME 112 157 449 628
Global MNC 75 135 299 538
Director 8-10 Large Local/Global MNC HQ 60 108 239 431
SME 45 81 179 323
Global MNC 75 105 299 419
IT Risk Manager 5-8 Large Local/Global MNC HQ 60 84 239 335
SME 45 63 179 251
Global MNC 150 209 598 837
Non-
3-5 Large Local/Global MNC HQ 135 188 538 753
management
SME 112 157 449 628
Global MNC 172 309 688 1238
Director 15-20 Large Local/Global MNC HQ 150 224 598 897
SME 135 206 538 822
Global MNC 112 202 449 807
Legal Manager 10-15 Large Local/Global MNC HQ 120 167 478 670
SME 97 136 389 544
Global MNC 90 126 359 502
Non-
5-8 Large Local/Global MNC HQ 75 105 299 419
management
SME 60 84 239 335

= Hot jobs

• Definition of annual salary range refers to basic salary, not include allowance, stock, bonus or any other additional benefits.
• Exchange rate: USD1 = RM4
30 RGF Salary Watch: Malaysia

Healthcare and Life Science


ANNUAL SALARY RANGE ANNUAL SALARY RANGE
YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN RM)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX
Global MNC 180 324 720 1296

CEO/President 20+ Large Local/Global MNC HQ 120 216 480 864

SME 90 162 360 648

Senior Global MNC 120 216 480 864


Management/
GM 15-20 Large Local/Global MNC HQ 75 135 300 540
General
Management SME 60 108 240 432

Global MNC 75 135 300 540

BU Head 10-15 Large Local/Global MNC HQ 54 146 216 583

SME 45 81 180 324

Global MNC 75 135 300 540


Director 15-20
Large Local/Global MNC HQ 45 81 180 324
R&D
Manager 8-10 Global MNC 45 63 180 252

Researcher 5-8 Global MNC 24 34 96 134

Global MNC 75 105 300 420


Director 15-20
Large Local/Global MNC HQ 54 76 216 302

Global MNC 30 42 120 168

Manager 10-15 Large Local/Global MNC HQ 24 34 96 134

SME 24 34 96 134
Medical
Global MNC 60 108 240 432

Doctor 10-15 Large Local/Global MNC HQ 60 84 240 336

SME 36 50 144 202

Global MNC 21 29 84 118


Medical Science
Liaison 5-8 Large Local/Global MNC HQ 18 25 72 101

SME 12 17 48 67

Global MNC 75 135 300 540

Director 20+ Large Local/Global MNC HQ 60 108 240 432

SME 45 81 180 324

Global MNC 36 50 144 202


Production &
Manager 10-15 Large Local/Global MNC HQ 30 42 120 168
Operations
SME 24 34 96 134

Global MNC 18 25 72 101


Non-
8-10 Large Local/Global MNC HQ 12 17 48 67
management
SME 9 13 36 50
RGF Salary Watch: Malaysia 31

ANNUAL SALARY RANGE ANNUAL SALARY RANGE


YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN RM)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX
Global MNC 60 108 240 432

Director 20+ Large Local/Global MNC HQ 45 63 180 252

SME 36 50 144 202

Global MNC 36 50 144 202

Quality Manager 10-15 Large Local/Global MNC HQ 30 42 120 168

SME 24 34 96 134

Global MNC 18 25 72 101

Supervisor 5-8 Large Local/Global MNC HQ 15 21 60 84

SME 12 17 48 67

Global MNC 75 135 300 540

Director 20+ Large Local/Global MNC HQ 60 108 240 432

SME 54 97 216 389

Global MNC 45 63 180 252

Regulatory Affairs Manager 10-15 Large Local/Global MNC HQ 39 55 156 218

SME 24 34 96 134

Global MNC 15 21 60 84
Non-
3-5 Large Local/Global MNC HQ 12 17 48 67
management
SME 12 17 48 67

Global MNC 60 108 240 432

Director 20+ Large Local/Global MNC HQ 60 108 240 432

SME 54 97 216 389

Global MNC 45 63 180 252

Sales & Marketing Manager 10-15 Large Local/Global MNC HQ 36 50 144 202

SME 24 34 96 134

Global MNC 15 21 60 84
Non-
3-5 Large Local/Global MNC HQ 12 17 48 67
management
SME 9 13 36 50

Global MNC 75 135 300 540

Director 20+ Large Local/Global MNC HQ 60 108 240 432

SME 54 97 216 389

Global MNC 54 76 216 302


Healthcare Service
Manager 10-15 Large Local/Global MNC HQ 36 50 144 202
& Management
SME 18 25 72 101

Global MNC 17 23 66 92
Non-
3-5 Large Local/Global MNC HQ 15 21 60 84
management
SME 9 13 36 50
32 RGF Salary Watch: Malaysia

ANNUAL SALARY RANGE ANNUAL SALARY RANGE


YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN RM)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX
Global MNC 75 135 300 540

Director 20+ Large Local/Global MNC HQ 90 162 360 648

SME 60 108 240 432

Global MNC 30 42 120 168

IT Manager 10-15 Large Local/Global MNC HQ 36 50 144 202

SME 26 36 102 143

Global MNC 14 19 54 76
Non-
8-10 Large Local/Global MNC HQ 15 21 60 84
management
SME 11 15 42 59

Global MNC 60 108 240 432

Director 20+ Large Local/Global MNC HQ 60 108 240 432

SME 45 81 180 324

Global MNC 35 49 140 196

Manager 10-15 Large Local/Global MNC HQ 34 47 135 189

SME 30 42 120 168


Supply Chain
Global MNC 12 17 48 67

Supervisor 5-8 Large Local/Global MNC HQ 12 17 48 67

SME 9 13 36 50

Global MNC 6 8 24 34
Non-
management 3-5 Large Local/Global MNC HQ 6 8 24 34

SME 6 8 24 34

= Hot jobs

• Definition of annual salary range refers to basic salary, not include allowance, stock, bonus or any other additional benefits.
• Exchange rate: USD1 = RM4
RGF Salary Watch: Malaysia 33

Consumer Goods & Retail


ANNUAL SALARY RANGE ANNUAL SALARY RANGE
YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN RM)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX
Global MNC 285 513 1140 2052
CEO/President 20+ Large Local/Global MNC HQ 255 459 1020 1836
SME 225 405 900 1620
Global MNC 225 405 900 1620
GM/BU Head 20+ Large Local/Global MNC HQ 195 351 780 1404
SME 175 315 700 1260
Senior Management
Global MNC 165 297 660 1188
VP 15-20 Large Local/Global MNC HQ 138 248 550 990
SME 105 189 420 756
Global MNC 105 189 420 756
COO 15-20 Large Local/Global MNC HQ 90 162 360 648
SME 60 108 240 432

Global MNC 105 189 420 756

Director/Head 10-15 Large Local/Global MNC HQ 90 162 360 648


SME 60 108 240 432
Global MNC 54 97 216 389
Sales & Business Manager/Senior
8-10 Large Local/Global MNC HQ 45 81 180 324
Development Manager
SME 36 65 144 259
Global MNC 21 29 84 118
Supervisor 5-8 Large Local/Global MNC HQ 18 25 72 101
SME 15 21 60 84

Global MNC 105 189 420 756

Director 10-15 Large Local/Global MNC HQ 90 162 360 648


SME 60 108 240 432
Global MNC 54 76 216 302
Business Strategy &
Manager 8-10 Large Local/Global MNC HQ 45 54 180 216
Commercial
SME 36 48 144 192
Global MNC 21 29 84 118
Supervisor 5-8 Large Local/Global MNC HQ 18 22 72 86
SME 15 18 60 72

Global MNC 70 105 280 420

Director 10-15 Large Local/Global MNC HQ 70 126 280 504


SME 50 90 200 360
Global MNC 24 34 96 134
E-commerce Manager 8-10 Large Local/Global MNC HQ 21 29 84 118
SME 20 27 78 109
Global MNC 15 21 60 84
Supervisor 5-8 Large Local/Global MNC HQ 14 19 54 76
SME 13 18 50 70
34 RGF Salary Watch: Malaysia

ANNUAL SALARY RANGE ANNUAL SALARY RANGE


YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN RM)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX
Global MNC 70 105 280 420

Director 10-15 Large Local/Global MNC HQ 70 126 280 504

SME 50 126 200 504

Global MNC 24 90 96 360


CRM & Account
Manager 8-10 Large Local/Global MNC HQ 21 34 84 134
Management
SME 20 29 78 118

Global MNC 15 27 60 109

Supervisor 3-5 Large Local/Global MNC HQ 14 21 54 84

SME 13 19 50 76

Global MNC 70 126 280 504

Director 10-15 Large Local/Global MNC HQ 70 126 280 504

SME 50 80 200 320

Global MNC 24 34 96 134

Digitalization Manager 8-10 Large Local/Global MNC HQ 21 29 84 118

SME 20 27 78 109

Global MNC 15 21 60 84

Supervisor 3-5 Large Local/Global MNC HQ 14 19 54 76

SME 13 18 50 70

Global MNC 105 189 420 756

Director 10-15 Large Local/Global MNC HQ 90 162 360 648

SME 60 108 240 432

Global MNC 54 66 216 264


Marketing &
Manager 8-10 Large Local/Global MNC HQ 45 54 180 216
Branding
SME 36 48 144 192

Global MNC 21 29 84 118

Supervisor 3-5 Large Local/Global MNC HQ 18 25 72 101

SME 15 21 60 84

Global MNC 70 105 280 420

Director 8-10 Large Local/Global MNC HQ 70 126 280 504


SME 50 80 200 320
Global MNC 24 34 96 134
PR &
Manager 5-8 Large Local/Global MNC HQ 21 29 84 118
Communication
SME 20 27 78 109
Global MNC 15 21 60 84
Supervisor 3-5 Large Local/Global MNC HQ 14 19 54 76
SME 13 18 50 70
RGF Salary Watch: Malaysia 35

ANNUAL SALARY RANGE ANNUAL SALARY RANGE


YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN RM)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX
Global MNC 60 105 240 420

Director 10-15 Large Local/Global MNC HQ 60 105 240 420


SME 45 81 180 324
Global MNC 30 42 120 168
Supply Chain/
Manager 8-10 Large Local/Global MNC HQ 30 42 120 168
Procurement
SME 24 34 96 134
Global MNC 12 17 48 67
Supervisor 5-8 Large Local/Global MNC HQ 12 17 48 67
SME 9 13 36 50

Global MNC 70 105 280 420

Director 8-10 Large Local/Global MNC HQ 70 126 280 504


SME 50 80 200 320
Global MNC 24 34 96 134
Product/Category
Manager 5-8 Large Local/Global MNC HQ 21 29 84 118
Management
SME 20 27 78 109
Global MNC 15 21 60 84
Supervisor 3-5 Large Local/Global MNC HQ 14 19 54 76
SME 13 18 50 70

Global MNC 70 105 280 420

Director 10-15 Large Local/Global MNC HQ 70 126 280 504


SME 50 90 200 360
Global MNC 24 34 96 134
Visual
Manager 8-10 Large Local/Global MNC HQ 21 29 84 118
merchandising
SME 20 27 78 109
Global MNC 15 21 60 84
Supervisor 5-8 Large Local/Global MNC HQ 14 19 54 76
SME 13 18 50 70

= Hot jobs

• Definition of annual salary range refers to basic salary, not include allowance, stock, bonus or any other additional benefits.
• Exchange rate: USD1 = RM4
36 RGF Salary Watch: Malaysia

Media, Advertising & Entertainment


ANNUAL SALARY RANGE ANNUAL SALARY RANGE
YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN RM)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX
Global MNC 225 405 900 1620

CEO/President 20+ Large Local/Global MNC HQ 195 351 780 1404

SME 175 315 700 1260

Global MNC 165 297 660 1188


Senior
GM 20+ Large Local/Global MNC HQ 138 248 550 990
Management
SME 105 189 420 756

Global MNC 105 189 420 756

VP 15-20 Large Local/Global MNC HQ 90 162 360 648

SME 60 108 240 432

Global MNC 75 105 300 420

Director/Head 15-20 Large Local/Global MNC HQ 72 95 288 380

SME 45 80 180 320

Global MNC 60 75 240 300

Deputy Director 10-15 Large Local/Global MNC HQ 45 65 180 260

SME 36 50 144 200

Global MNC 26 36 102 143

Manager 8-10 Large Local/Global MNC HQ 24 34 96 134

Creativity SME 23 32 90 126


& Content Global MNC 26 46 102 184

Chief editor 8-10 Large Local/Global MNC HQ 24 43 96 173

SME 23 41 90 162

Global MNC 24 34 96 134

Editor 3-5 Large Local/Global MNC HQ 21 29 84 118

SME 20 27 78 109

Global MNC 24 34 96 134


Non-
3-5 Large Local/Global MNC HQ 21 29 84 118
management
SME 20 27 78 109
RGF Salary Watch: Malaysia 37

ANNUAL SALARY RANGE ANNUAL SALARY RANGE


YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN RM)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX
Global MNC 75 135 300 540

Director/Head 15-20 Large Local/Global MNC HQ 72 130 288 518

SME 45 81 180 324

Global MNC 60 108 240 432

Deputy Director 10-15 Large Local/Global MNC HQ 45 81 180 324

SME 36 65 144 259


Media Planning
Global MNC 26 36 102 143

Manager 8-10 Large Local/Global MNC HQ 24 34 96 134

SME 23 32 90 126

Global MNC 24 34 96 134


Non-
management 3-5 Large Local/Global MNC HQ 21 29 84 118

SME 20 27 78 109

Global MNC 60 108 240 432

Director/Head 10-15 Large Local/Global MNC HQ 45 81 180 324

SME 36 65 144 259

Global MNC 26 36 102 143

PR & Advertising Manager 8-10 Large Local/Global MNC HQ 24 34 96 134

SME 23 32 90 126

Global MNC 24 34 96 134


Non-
3-5 Large Local/Global MNC HQ 21 29 84 118
management
SME 20 24 78 96

Global MNC 75 135 300 540

Director/Head 10-15 Large Local/Global MNC HQ 72 130 288 518

SME 45 81 180 324

Global MNC 26 36 102 143

Digital Marketing Manager 8-10 Large Local/Global MNC HQ 24 34 96 134

SME 23 32 90 126

Global MNC 24 34 96 134


Non-
3-5 Large Local/Global MNC HQ 21 29 84 118
management
SME 20 27 78 109
38 RGF Salary Watch: Malaysia

ANNUAL SALARY RANGE ANNUAL SALARY RANGE


YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN RM)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX
Global MNC 60 108 240 432

Director/Head 10-15 Large Local/Global MNC HQ 45 81 180 324

SME 36 65 144 259

Global MNC 26 36 102 143


Account
Manager 8-10 Large Local/Global MNC HQ 24 34 96 134
Management & CRM
SME 23 32 90 126

Global MNC 24 34 96 134


Non-
3-5 Large Local/Global MNC HQ 21 29 84 118
management
SME 20 27 78 109

Global MNC 60 108 240 432

Director/Head 10-15 Large Local/Global MNC HQ 45 81 180 324

SME 36 65 144 259

Global MNC 26 36 102 143


Production /
Manager 8-10 Large Local/Global MNC HQ 24 34 96 134
Publishing
SME 23 32 90 126

Global MNC 24 34 96 134


Non-
3-5 Large Local/Global MNC HQ 21 29 84 118
management
SME 20 27 78 109

Global MNC 60 108 240 432

Director/Head 10-15 Large Local/Global MNC HQ 45 81 180 324

SME 36 65 144 259

Global MNC 26 36 102 143


Operation
Manager 8-10 Large Local/Global MNC HQ 24 34 96 134
Management
SME 23 32 90 126

Global MNC 24 34 96 134


Non-
3-5 Large Local/Global MNC HQ 21 29 84 118
management
SME 20 27 78 109

= Hot jobs

• Definition of annual salary range refers to basic salary, not include allowance, stock, bonus or any other additional benefits.
• Exchange rate: USD1 = RM4
RGF Salary Watch: Malaysia 39

Corporate Services
ANNUAL SALARY RANGE ANNUAL SALARY RANGE
YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN RM)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX
Global MNC 95 171 380 684
CHRO 20+
Large Local/Global MNC HQ 90 162 360 648

Global MNC 60 108 240 432

Director 15-20 Large Local/Global MNC HQ 54 97 216 389

SME 30 54 120 216

Global MNC 34 47 135 189

Manager 8-10 Large Local/Global MNC HQ 24 34 96 134


HR
SME 18 25 72 101

Global MNC 24 30 96 120

Supervisor 5-8 Large Local/Global MNC HQ 18 24 72 96

SME 14 19 54 76

Global MNC 18 23 72 90
Non-
3-5 Large Local/Global MNC HQ 14 18 54 72
management
SME 9 13 36 50

Global MNC 120 180 480 720

CFO 15-20 Large Local/Global MNC HQ 120 180 480 720

SME 90 135 360 540

Global MNC 90 135 360 540

Director 15-20 Large Local/Global MNC HQ 90 135 360 540

SME 75 135 300 360

Global MNC 33 46 130 182


Finance &
Manager 10-15 Large Local/Global MNC HQ 30 42 120 168
Accounting
SME 24 34 96 134

Global MNC 18 25 72 101

Supervisor 8-10 Large Local/Global MNC HQ 18 25 72 101

SME 15 21 60 84

Global MNC 11 15 42 59
Non-
5-8 Large Local/Global MNC HQ 11 15 42 59
management
SME 9 13 36 50
40 RGF Salary Watch: Malaysia

ANNUAL SALARY RANGE ANNUAL SALARY RANGE


YEARS OF (UNIT: 1,000 IN USD) (UNIT: 1,000 IN RM)
FUNCTION POSITION COMPANY TYPE
EXPERIENCE
MIN MAX MIN MAX
Global MNC 75 105 300 420

Director 15-20 Large Local/Global MNC HQ 60 90 240 360

SME 45 60 180 240


Legal & Compliance
Global MNC 45 60 180 240

Manager 10-15 Large Local/Global MNC HQ 39 54 156 216

SME 24 45 96 180

Global MNC 60 108 240 432


Director 15-20 Large Local/Global MNC HQ 60 108 240 432
SME 45 81 180 324
Global MNC 45 63 180 252
Manager 10-15 Large Local/Global MNC HQ 45 63 180 252
SME 30 42 120 168
Supply Chain
Global MNC 12 17 48 67
Supervisor 5-8 Large Local/Global MNC HQ 12 17 48 67
SME 9 13 36 50
Global MNC 6 8 24 34
Non-
management 3-5 Large Local/Global MNC HQ 6 8 24 34
SME 6 8 24 34

Global MNC 30 45 120 180


General Affairs,
Manager 10-15 Large Local/Global MNC HQ 24 39 96 156
Admin & Secretary
SME 21 30 84 120

= Hot jobs

• Definition of annual salary range refers to basic salary, not include allowance, stock, bonus or any other additional benefits.
• Exchange rate: USD1 = RM4
RGF Salary Watch: Malaysia RGF Salary Watch: Malaysia 41

References
1. Calculation based on 68.7% labour force participation rate and a population of 32.58 million.
Labour Force Rate: https://www.dosm.gov.my/v1/index.php?r=column/cthemeByCat&cat=126&bul_id=TlVMbEtBVXBGTi80VjdqZ-
1JUd-VRHdz09&menu_id=U3VPMldoYUxzVzFaYmNkWXZteGduZz09
Population: https://www.dosm.gov.my/v1/index.php?r=column/cthemeByCat&cat=155&bul_id=aWJZRkJ4UEdKcUZpT2tVT090Snpy-
dz09&menu_id=L0pheU43NWJwRWVSZklWdzQ4TlhUUT09
2. As of 2019 https://tradingeconomics.com/malaysia/gdp
3. As of 2019 https://www.dosm.gov.my/v1/uploads/files/1_Articles_By_Themes/BPIP/Bulletin%20FDIDIA/Q42019/FDI%20DIA%20BULLE-
TIN%20Q419.pdf
4. As of December 2019 https://tradingeconomics.com/malaysia/manufacturing-pmi
5. https://www.thesundaily.my/local/ministry-launches-malaysia-smart-city-framework-BN1395377
6. https://www.thestar.com.my/business/business-news/2020/02/19/world-bank-to-review-again-malaysias-2020-gdp-growth
7. https://www.nst.com.my/business/2020/03/570879/malaysias-2020-economic-growth-be-tale-two-halves-analysts
8. 2020 RGF Talent Survey
9. 2020 RGF Talent Survey
10. 2020 RGF Talent Survey
11. 2020 Talent in Asia Report
12. https://www.thestar.com.my/news/nation/2019/10/14/dr-m-malaysia-aims-to-be-south-east-asia039s-industry-40-hub
13. https://www.bnm.gov.my/index.php?ch=34&pg=163&ac=4&bb=file
14. https://www.imf.org/en/News/Articles/2020/02/27/na022820-malaysia-a-flourishing-fintech-ecosystem
15. https://www.malaymail.com/news/malaysia/2019/12/10/general-assembly-to-accelerate-local-talent-upskilling-in-digital-devel-
opme/1817967
16. 2020 RGF Talent in Asia Report
17. 2020 RGF Talent in Asia Report
42

About RGF
RGF (Recruit Global Family) is the global brand of Recruit Group, which is the fourth largest
recruitment and information service company globally. Founded in 1960, the Recruit Group
creates and provides platforms that connect companies and consumers by offering Opportunities
for Life. RGF International Recruitment, under the Recruit Group, provides a wide range of
recruitment solutions in 11 countries and markets across Asia. We deliver optimal, cross-border
recruitment solutions at all levels and across all industries and functions, transcending national
and city boundaries through our three service brands, with the aim of unleashing the potential of
individual talents and employers in Asia.

Brand and Services


RGF Executive Search
Focuses on senior executives to middle management search in
order to fulfil organisational goals, strategic planning development
and overall decision making that affects the entire business
Senior organization.
Executives

• Mainland China, Hong Kong, Taiwan, India, Indonesia,


Japan, Malaysia, Singapore, Philippines, Vietnam, Thailand

RGF Professional Recruitment


Hires of managerial and specialist positions who are essential to
the real work of the business dealing with the people, customers
Middle
Managers
and teams driving the business cross-functionally. They can also
& Specialists be considered developmental candidates for executive senior
leadership positions.

• Mainland China, India, Japan, Singapore

RGF HR Agent
Fills a range of managerial, specialist and staff positions at
Japanese companies that require Japanese language skills.
Staff Draws on a deep understanding of Japanese companies with a
vast database of Japanese-speaking personnel to find the best
candidates.

• Mainland China, Hong Kong, Thailand, Indonesia,


Vietnam, India

Bó Lè Associates, Part of the RGF Executive Search brand, Bó Lè Associates provides


executive search services primarily in Mainland China, Hong Kong, and Taiwan.
RGF Salary Watch: Malaysia 43

www.rgf-hr.com

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