A person working as a Bookkeeper in Malaysia typically earns around 4,110 MYR per month. Salaries range from 2,100 MYR (lowest) to 6,330 MYR (highest).
This is the average monthly salary including housing, transport, and other benefits. Bookkeeper salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Bookkeeper salaries in Malaysia range from 2,100 MYR per month (minimum salary) to 6,330 MYR per month (maximum salary).
The median salary is 4,030 MYR per month, which means that half (50%) of people working as Bookkeeper(s) are earning less than 4,030 MYR while the other half are earning more than 4,030 MYR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Bookkeeper(s) are earning less than 2,750 MYR while 75% of them are earning more than 2,750 MYR. Also from the diagram, 75% of Bookkeeper(s) are earning less than 5,070 MYR while 25% are earning more than 5,070 MYR.
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Bookkeeper salaries by experience level and this is what we found.
A Bookkeeper with less than two years of experience makes approximately 2,350 MYR per month.
While someone with an experience level between two and five years is expected to earn 3,070 MYR per month, 31% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 4,300 MYR per month, 40% more than someone with two to five years of experience.
Additionally, Bookkeeper(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 5,160 MYR per month, 20% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 5,610 MYR per month, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 6,050 MYR per month, 8% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+31%|
|5 - 10 Years||+40%|
|10 - 15 Years||+20%|
|15 - 20 Years||+9%|
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Bookkeeper salaries by education level in order to make a comparison.
When the education level is High School, the average salary of a Bookkeeper is 2,690 MYR per month.
While someone with a Certificate or Diploma gets a salary of 3,960 MYR per month, 47% more than someone having a High School degree.
A Bachelor's Degree gets its holder an average salary of 6,070 MYR per month, 53% more than someone with a Certificate or Diploma.
|Certificate or Diploma||+47%|
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Bookkeeper employees in Malaysia earn 16% more than their female counterparts.
Bookkeeper(s) in Malaysia are likely to observe a salary increase of approximately 11% every 16 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency
Listed above are the average annual increase rates for each industry in Malaysia for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
A Bookkeeper is considered to be a low bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
73% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 27% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.
The most standard form of bonus where the employee is awarded based on their exceptional performance.Company Performance Bonuses
Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.Goal-Based Bonuses
Granted upon achieving an important goal or milestone.Holiday / End of Year Bonuses
These types of bonuses are given without a reason and usually resemble an appreciation token.
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
The main two types of jobs
|Revenue Generators||Supporting Cast|
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.
Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Where can you get paid more, working for a private company or for the government? Public sector Bookkeeper employees in Malaysia earn 9% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+2%|
|Average Salary 2019||+3%|
Bookkeeper salaries in Malaysia are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 3% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.
The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
The average salary for Bookkeeper is 46% less than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% less than those of All Jobs.
|Job Title||Average Salary|
|Account Examiner||4,890 MYR||+19%|
|Account Executive||7,210 MYR||+76%|
|Accounting Assistant||5,240 MYR||+28%|
|Accounting Associate||5,500 MYR||+34%|
|Accounting Clerk||3,940 MYR||-4%|
|Accounting Coordinator||4,390 MYR||+7%|
|Accounting Manager||10,200 MYR||+150%|
|Accounting Supervisor||7,340 MYR||+79%|
|Accounting Technician||4,990 MYR||+21%|
|Accounts Executive||6,580 MYR||+60%|
|Accounts Payable and Receivable Specialist||5,910 MYR||+44%|
|Accounts Payable Clerk||4,090 MYR||-0%|
|Accounts Payable Manager||8,530 MYR||+110%|
|Accounts Receivable Clerk||4,220 MYR||+3%|
|Accounts Receivable Manager||8,690 MYR||+110%|
|Assistant Accounting Manager||6,790 MYR||+65%|
|Assistant Auditor||5,770 MYR||+40%|
|Audit Supervisor||9,860 MYR||+140%|
|Auditing Clerk||4,980 MYR||+21%|
|Auditing Manager||10,500 MYR||+160%|
|Billing Coordinator||6,100 MYR||+48%|
|Billing Specialist||5,880 MYR||+43%|
|Billing Supervisor||7,210 MYR||+76%|
|Bookkeeping Specialist||5,700 MYR||+39%|
|Budget Analyst||6,550 MYR||+59%|
|Budget Manager||8,920 MYR||+120%|
|Business Support Analyst||7,040 MYR||+71%|
|Capital Markets Associate||8,280 MYR||+100%|
|Cash Flow Analyst||7,750 MYR||+89%|
|Cash Management Officer||7,710 MYR||+88%|
|Cashbook Clerk||5,090 MYR||+24%|
|Chartered Accountant||6,610 MYR||+61%|
|Collections Clerk||4,090 MYR||-0%|
|Collections Specialist||5,340 MYR||+30%|
|Corporate Treasurer||14,100 MYR||+240%|
|Cost Accountant||6,100 MYR||+48%|
|Cost Accounting Manager||7,980 MYR||+94%|
|Cost Analyst||7,750 MYR||+89%|
|Credit and Collection Manager||8,640 MYR||+110%|
|Credit and Collection Staff||4,310 MYR||+5%|
|Credit and Loans Officer||4,490 MYR||+9%|
|Credit Controller||7,810 MYR||+90%|
|Debt Adviser||9,970 MYR||+140%|
|Debt Collector||6,540 MYR||+59%|
|Debtors Clerk||5,840 MYR||+42%|
|Deputy CFO||13,800 MYR||+240%|
|Derivative Trader||10,900 MYR||+170%|
|Escrow Assistant||6,130 MYR||+49%|
|External Auditor||8,000 MYR||+95%|
|Finance Associate||5,790 MYR||+41%|
|Finance Executive||12,800 MYR||+210%|
|Finance Licensing Clerk||4,990 MYR||+21%|
|Finance Licensing Manager||8,220 MYR||+100%|
|Finance Licensing Specialist||6,040 MYR||+47%|
|Finance Officer||9,250 MYR||+130%|
|Finance President||16,400 MYR||+300%|
|Finance Relationship Manager||10,700 MYR||+160%|
|Finance Release Analyst||7,240 MYR||+76%|
|Finance Team Leader||8,480 MYR||+110%|
|Financial Actuary||7,570 MYR||+84%|
|Financial Administrator||6,580 MYR||+60%|
|Financial Analyst||8,530 MYR||+110%|
|Financial Applications Specialist||5,440 MYR||+32%|
|Financial Assistant||4,600 MYR||+12%|
|Financial Associate||5,600 MYR||+36%|
|Financial Claims Analyst||7,410 MYR||+80%|
|Financial Claims Manager||8,650 MYR||+110%|
|Financial Commercial Analyst||6,750 MYR||+64%|
|Financial Compliance Analyst||7,600 MYR||+85%|
|Financial Consultant||7,190 MYR||+75%|
|Financial Controller||7,260 MYR||+77%|
|Financial Coordinator||6,580 MYR||+60%|
|Financial Customer Service Manager||9,110 MYR||+120%|
|Financial Dealer and Broker||7,090 MYR||+73%|
|Financial Encoder||4,400 MYR||+7%|
|Financial Manager||15,200 MYR||+270%|
|Financial Operations Manager||11,200 MYR||+170%|
|Financial Policy Analyst||7,960 MYR||+94%|
|Financial Project Manager||7,130 MYR||+74%|
|Financial Quantitative Analyst||8,510 MYR||+110%|
|Financial Reporting Consultant||7,630 MYR||+86%|
|Financial Reporting Manager||9,670 MYR||+140%|
|Financial Services Sales Agent||6,760 MYR||+65%|
|Fixed Assets Administrator||6,260 MYR||+52%|
|Forensic Accountant||6,000 MYR||+46%|
|Fraud Detection Supervisor||7,310 MYR||+78%|
|Fraud Prevention Manager||11,500 MYR||+180%|
|Fund Accountant||5,500 MYR||+34%|
|Grants Coordinator||5,190 MYR||+26%|
|Internal Auditor||8,340 MYR||+100%|
|Internal Control Adviser||8,200 MYR||+100%|
|Internal Control Officer||7,120 MYR||+73%|
|Inventory Accountant||12,800 MYR||+210%|
|Investment Analyst||10,300 MYR||+150%|
|Investment Fund Manager||10,600 MYR||+160%|
|Investment Underwriter||4,880 MYR||+19%|
|Investor Relations Manager||9,390 MYR||+130%|
|KYC Team Leader||9,570 MYR||+130%|
|Management Economist||8,350 MYR||+100%|
|Payroll Clerk||4,780 MYR||+16%|
|Payroll Manager||7,590 MYR||+85%|
|Pensions Administrator||5,820 MYR||+42%|
|Pricing Analyst||8,250 MYR||+100%|
|Private Equity Analyst||9,040 MYR||+120%|
|Proposal Development Coordinator||5,730 MYR||+39%|
|Receivables Accountant||5,290 MYR||+29%|
|Regulatory Accountant||6,370 MYR||+55%|
|Retirement Plan Analyst||8,000 MYR||+95%|
|Revenue Management Specialist||6,920 MYR||+68%|
|Revenue Recognition Analyst||10,500 MYR||+160%|
|Risk Management Director||12,500 MYR||+200%|
|Risk Management Supervisor||9,860 MYR||+140%|
|Tax Accountant||5,410 MYR||+32%|
|Tax Advisor||7,480 MYR||+82%|
|Tax Associate||5,970 MYR||+45%|
|Tax Manager||11,000 MYR||+170%|
|Treasury Accountant||6,010 MYR||+46%|
|Treasury Analyst||8,300 MYR||+100%|
|Underwriting Assistant||4,160 MYR||+1%|
|Vice President of Finance||11,300 MYR||+180%|
|Johor Bahru||4,120 MYR|
|Kota Kinabalu||4,000 MYR|
|Kuala Lumpur||4,660 MYR|
|Petaling Jaya||4,320 MYR|
|Shah Alam||4,510 MYR|
|Subang Jaya||4,140 MYR|