A person working as a Product Development Manager in Malaysia typically earns around 10,000 MYR per month. Salaries range from 4,700 MYR (lowest) to 15,800 MYR (highest).
This is the average monthly salary including housing, transport, and other benefits. Product Development Manager salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Product Development Manager salaries in Malaysia range from 4,700 MYR per month (minimum salary) to 15,800 MYR per month (maximum salary).
The median salary is 10,600 MYR per month, which means that half (50%) of people working as Product Development Manager(s) are earning less than 10,600 MYR while the other half are earning more than 10,600 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 Product Development Manager(s) are earning less than 6,890 MYR while 75% of them are earning more than 6,890 MYR. Also from the diagram, 75% of Product Development Manager(s) are earning less than 14,000 MYR while 25% are earning more than 14,000 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 Product Development Manager salaries by experience level and this is what we found.
A Product Development Manager with less than two years of experience makes approximately 5,420 MYR per month.
While someone with an experience level between two and five years is expected to earn 7,480 MYR per month, 38% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 10,600 MYR per month, 42% more than someone with two to five years of experience.
Additionally, Product Development Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 13,000 MYR per month, 22% 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 13,700 MYR per month, 6% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 14,900 MYR per month, 9% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+38%|
|5 - 10 Years||+42%|
|10 - 15 Years||+22%|
|15 - 20 Years||+6%|
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 Product Development Manager salaries by education level in order to make a comparison.
When the education level is High School, the average salary of a Product Development Manager is 6,700 MYR per month.
While someone with a Certificate or Diploma gets a salary of 7,810 MYR per month, 17% more than someone having a High School degree.
A Bachelor's Degree gets its holder an average salary of 11,400 MYR per month, 45% more than someone with a Certificate or Diploma.
Professionals who hold a Master's Degree are rewarded with an average salary of 14,900 MYR per month, 31% more than someone with Bachelor's Degree.
|Certificate or Diploma||+17%|
A Master's degree program or any post-graduate program in Malaysia costs anywhere from 32,900 Malaysian Ringgit(s) to 98,800 Malaysian Ringgit(s) and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Product Development Manager employees in Malaysia earn 10% more than their female counterparts on average.
Product Development Manager(s) in Malaysia are likely to observe a salary increase of approximately 14% 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 2021. 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 Product Development Manager is considered to be a high 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.
17% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 83% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 9% 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.
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 Product Development Manager is 12% more than that of Executive and Management. Also, Executive and Management salaries are 35% more than those of All Jobs.
|Job Title||Average Salary|
|Account Coordinator||6,380 MYR||-36%|
|Administration Manager||7,800 MYR||-22%|
|Area Manager||7,000 MYR||-30%|
|Asset Protection Associate||8,170 MYR||-18%|
|Assistant Director||7,670 MYR||-23%|
|Assistant Manager||8,580 MYR||-14%|
|Assistant Operations Manager||9,010 MYR||-10%|
|Assistant Project Manager||7,910 MYR||-21%|
|Assistant Section Head||6,310 MYR||-37%|
|Assistant to CEO||6,960 MYR||-30%|
|Assistant Vice President||8,500 MYR||-15%|
|Associate Director||7,840 MYR||-22%|
|Bid Manager||9,180 MYR||-8%|
|Branch Manager||8,500 MYR||-15%|
|Business Development Manager||9,680 MYR||-3%|
|Business Operations Associate||7,830 MYR||-22%|
|Business Operations Lead||8,330 MYR||-17%|
|Campaign Manager||9,010 MYR||-10%|
|Chairman of The Board||15,200 MYR||+52%|
|Chairman Office Manager||9,300 MYR||-7%|
|Chief Corporate Officer||12,600 MYR||+26%|
|Chief Executive Officer||15,300 MYR||+53%|
|Chief Financial Officer||14,200 MYR||+42%|
|Chief of Staff||7,140 MYR||-29%|
|Chief Operating Officer||10,700 MYR||+7%|
|Chief Risk Officer||9,570 MYR||-4%|
|Client Services Manager||10,100 MYR||+1%|
|Commercial Project Manager||8,410 MYR||-16%|
|Commodity Broker||6,060 MYR||-39%|
|Corporate Affairs Executive||9,100 MYR||-9%|
|Corporate Compliance Director||9,560 MYR||-4%|
|Corporate Director||10,400 MYR||+4%|
|Corporate Officer||7,070 MYR||-29%|
|Corporate Partnerships Officer||6,890 MYR||-31%|
|Country Manager||12,100 MYR||+21%|
|Deputy Director||11,000 MYR||+10%|
|Director of Accreditation||9,620 MYR||-4%|
|Director of Catering Services||8,920 MYR||-11%|
|Director of Client Services||9,680 MYR||-3%|
|Director of Facilities Management||8,410 MYR||-16%|
|Director of Operations||9,620 MYR||-4%|
|Director of Process Simplification||7,680 MYR||-23%|
|Director of Project Management||10,700 MYR||+7%|
|Director of Revenue Management||8,890 MYR||-11%|
|Director of Training and Development||9,490 MYR||-5%|
|Distribution Manager||10,500 MYR||+5%|
|Division Manager||8,490 MYR||-15%|
|Duty Manager||8,500 MYR||-15%|
|Engagement Manager||10,300 MYR||+3%|
|Executive Director||14,000 MYR||+40%|
|Executive Manager||11,700 MYR||+17%|
|Franchise Manager||12,900 MYR||+29%|
|General Manager||11,400 MYR||+14%|
|Global Master Data Manager||10,300 MYR||+3%|
|Head of Middle Office||8,950 MYR||-11%|
|Head of Projects||10,300 MYR||+3%|
|Head of Sustainability||8,000 MYR||-20%|
|Housing Manager||8,240 MYR||-18%|
|HSE Manager||8,000 MYR||-20%|
|Key Account Manager||8,420 MYR||-16%|
|Knowledge Manager||9,580 MYR||-4%|
|Location Manager||9,150 MYR||-9%|
|Logistics Manager||7,910 MYR||-21%|
|Management Consultant||8,000 MYR||-20%|
|Management Executive||10,500 MYR||+5%|
|Managing Director||12,500 MYR||+25%|
|MIS Executive||9,600 MYR||-4%|
|Ocean Services Manager||10,100 MYR||+1%|
|Operations Assistant||7,030 MYR||-30%|
|Operations Director||11,100 MYR||+11%|
|Operations Executive||10,800 MYR||+8%|
|Operations Manager||10,600 MYR||+6%|
|Operations Supervisor||9,160 MYR||-8%|
|Policy Administration Executive||8,500 MYR||-15%|
|Private Sector Executive||9,100 MYR||-9%|
|Product Development Manager||10,000 MYR||=|
|Product Executive||8,580 MYR||-14%|
|Production Executive||10,100 MYR||+1%|
|Production Manager||9,680 MYR||-3%|
|Production Supervisor||8,840 MYR||-12%|
|Program Manager||10,600 MYR||+6%|
|Programme Coordinator||7,380 MYR||-26%|
|Project Control Manager||10,400 MYR||+4%|
|Project Coordinator||6,040 MYR||-40%|
|Project Management Officer||7,150 MYR||-29%|
|Project Manager||7,730 MYR||-23%|
|Project Portfolio Manager||8,320 MYR||-17%|
|Quality Manager||7,760 MYR||-22%|
|R/D Director||9,270 MYR||-7%|
|Regional Director||13,600 MYR||+36%|
|Regional Manager||10,400 MYR||+4%|
|Relationship Manager||10,100 MYR||+1%|
|Retail District Manager||7,220 MYR||-28%|
|Revenue Manager||7,600 MYR||-24%|
|Risk and Capital Manager||11,400 MYR||+14%|
|Risk Officer||7,890 MYR||-21%|
|Safety Manager||7,650 MYR||-24%|
|Section Head||7,360 MYR||-26%|
|Service Manager||8,240 MYR||-18%|
|Shift Supervisor||6,230 MYR||-38%|
|Solutions Manager||7,080 MYR||-29%|
|Supply Chain Manager||10,500 MYR||+5%|
|Technical Manager||9,200 MYR||-8%|
|Territory Manager||9,920 MYR||-1%|
|Validation Manager||8,760 MYR||-12%|
|Vice President||11,800 MYR||+18%|
|Zone Manager||10,500 MYR||+5%|
|Johor Bahru||10,400 MYR|
|Kota Kinabalu||10,500 MYR|
|Kuala Lumpur||11,300 MYR|
|Petaling Jaya||10,700 MYR|
|Shah Alam||10,200 MYR|
|Subang Jaya||9,500 MYR|
Where can you get paid more, working for a private company or for the government? Public sector employees in Malaysia earn 9% more than their private sector counterparts on average across all sectors.