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Banking Average Salaries in Malaysia 2019

How much money does a person working in Banking make in Malaysia?

7,230 MYR per month
Average Monthly Salary
A person working in Banking in Malaysia typically earns around 7,230 MYR per month.
This is the average monthly salary including housing, transport, and other benefits.
Salaries differ drasticly between different Banking jobs. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
Accounts Executive3,000 MYR
Accounts Manager5,800 MYR
AML Analyst4,420 MYR
Assistant Manager5,171 MYR
Bank Manager6,000 MYR
Banking Operations Department Manager12,251 MYR
Banking Product Manager5,600 MYR
Branch Manager7,330 MYR
Business Analyst5,840 MYR
Business Planning Executive3,705 MYR
Cash Management Manager10,000 MYR
Clerk1,650 MYR
Compliance Specialist7,833 MYR
Credit Analyst8,150 MYR
Credit and Collections Manager13,250 MYR
Direct Sales Representative3,267 MYR
Financial Analysis Manager5,200 MYR
Financial Assistant2,600 MYR
Financial Planning Consultant2,500 MYR
Fraud Detection Associate3,000 MYR
Group Branch Manager5,000 MYR
Internal Auditor2,884 MYR
Loan Area Manager7,300 MYR
Loan Business Development Officer4,500 MYR
Loan Processor3,433 MYR
Loan Quality Assurance Auditor2,500 MYR
Loan Team Leader9,378 MYR
Mortgage Advisor4,500 MYR
Mortgage Loan Processor3,650 MYR
Mortgage Underwriter20,000 MYR
Product Manager 5,850 MYR
Regional Manager26,000 MYR
Relationship Manager7,983 MYR
Risk Analyst3,788 MYR
Teller2,483 MYR

Banking Jobs Salary Distribution in Malaysia

25% of people earn
3,650 MYR
or less
50% of people earn
5,200 MYR
or less
75% of people earn
8,500 MYR
or less
Minimum
1,650 MYR
Median
5,200 MYR
Maximum
29,000 MYR

Abount These Figures: Salary Range, Median and Percentiles

The Banking salaries in Malaysia range between 1,650 MYR per month (minimum salary) to 29,000 MYR per month (maximum salary).

The median salary is 5,200 MYR per month, which means that half (50%) of people working in Banking are earning less than 5,200 MYR while the other half are earning more than 5,200 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 people working in Banking are earning less than 3,650 MYR while 75% of them are earning more than 3,650 MYR. Also from the diagram, 75% of people working in Banking are earning less than 8,500 MYR while 25% are earning more than 8,500 MYR.

What is the difference between the median and the average salary? What should you be looking at?

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 plently of room for improvement. If your wage is in between the average and median, then things can be a bit confusing. We have written a guide to explain all the different senarios. How to compare your salary

Banking Salary Forecast and Trend in Malaysia

How do Banking salaries change over time? Listed below is a chart that shows the average salary in recent years.

2016201720182019
Average Salary 2016    =  
6,733 MYR
Average Salary 2017    +3%  
6,922 MYR
Average Salary 2018    +2%  
7,088 MYR
Average Salary 2019    +2%  
7,230 MYR
Percentage increase and decrease are relative to the previous value
Banking salaries in Malaysia are rising in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 2% higher than those of 2018. The trend suggests a slow yet continous increase in pay in 2020 and future years. These numbers differ slightly from industry to another.

Banking Hourly Average Wage in Malaysia

37 MYR per hour
Average Hourly Wage

The average hourly wage (pay per hour) in Malaysia for Banking is 37 MYR. This means that the average person in Malaysia earns approximatly 37 MYR for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one working 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 annual vacation allowance. The figures mentioned above are good approximation and they are considered to the be the standard.

Salary Comparison of Banking Jobs in Malaysia

7,230 MYR
7,347 MYR
Average Salary
Banking
Average Salary
All Jobs
We compared Malaysia salaries for Banking and All Jobs and we found that Banking salaries are 2% less than those of All Jobs.

Salary Comparison By City

CityAverage Salary
Johor Bahru2,992 MYR
Kuala Lumpur7,643 MYR
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