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Banking Average Salaries in Malaysia 2019

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

8,902 MYR per month
Average Monthly Salary
A person working in Banking in Malaysia typically earns around 8,902 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
AML Analyst10,651 MYR
Assistant Bank Branch Manager9,880 MYR
Assistant Bank Manager11,476 MYR
ATM Manager11,098 MYR
ATM Service Technician5,463 MYR
Bank Accounts Analyst7,336 MYR
Bank Accounts Controller8,264 MYR
Bank Accounts Executive8,354 MYR
Bank Accounts Manager9,199 MYR
Bank Auditing Manager9,584 MYR
Bank Branch Manager11,003 MYR
Bank Clerk5,463 MYR
Bank Compliance Specialist8,003 MYR
Bank Manager17,133 MYR
Bank Operational Risk Manager12,104 MYR
Bank Operations Head12,899 MYR
Bank Operations Officer7,630 MYR
Bank Operations Specialist9,856 MYR
Bank Process Manager8,398 MYR
Bank Product Manager 8,706 MYR
Bank Programme Manager10,467 MYR
Bank Project Manager10,769 MYR
Bank Propositions Manager10,661 MYR
Bank Quantitative Analyst8,566 MYR
Bank Regional Manager11,884 MYR
Bank Regional Risk Officer8,345 MYR
Bank Relationship Manager10,078 MYR
Bank Relationship Officer7,208 MYR
Banker7,509 MYR
Banking Business Analyst8,823 MYR
Banking Business Development Officer7,358 MYR
Banking Business Planning Executive10,512 MYR
Banking Product Manager10,263 MYR
Banking Reference Data Manager9,865 MYR
Banking Risk Analyst8,252 MYR
Banking Technical Analyst7,484 MYR
Bankruptcy Coordinator9,101 MYR
Budget Analyst8,768 MYR
Cards Marketing Manager10,467 MYR
Cash Management Manager11,876 MYR
Check Processing Manager11,612 MYR
Commercial Vault Associate8,328 MYR
Corporate Dealer9,350 MYR
Credit Analyst10,176 MYR
Credit and Collections Manager10,149 MYR
Credit Card Fraud Investigator8,901 MYR
Credit Portfolio Manager12,459 MYR
Credit Risk Analyst10,467 MYR
Credit Risk Associate9,566 MYR
Direct Bank Sales Representative8,264 MYR
Financial Bank Planning Consultant9,974 MYR
Financial Banking Analysis Manager10,554 MYR
Financial Banking Assistant7,385 MYR
Financial Banking Systems Manager10,789 MYR
Foreign Exchange Manager10,446 MYR
Fraud Analyst8,991 MYR
Fraud Detection Associate8,892 MYR
Fraud Detection Manager11,376 MYR
Fraud Detection Supervisor9,260 MYR
Internal Bank Audit Manager11,347 MYR
Internal Bank Auditor8,566 MYR
International Banking Manager13,610 MYR
Loan Analyst8,510 MYR
Loan Area Manager9,296 MYR
Loan Audit Team Leader9,485 MYR
Loan Branch Manager9,684 MYR
Loan Business Development Officer8,465 MYR
Loan Clerk5,913 MYR
Loan Collection Manager9,489 MYR
Loan Collector5,549 MYR
Loan Examiner6,517 MYR
Loan Processing Manager8,299 MYR
Loan Processor7,938 MYR
Loan Quality Assurance Auditor8,442 MYR
Loan Quality Assurance Manager9,684 MYR
Loan Quality Assurance Representative7,961 MYR
Loan Review Manager8,354 MYR
Loan Team Leader8,618 MYR
Mortgage Advisor8,482 MYR
Mortgage Collection Manager9,762 MYR
Mortgage Collector6,230 MYR
Mortgage Credit Analyst7,410 MYR
Mortgage Credit Manager8,650 MYR
Mortgage Development Manager9,959 MYR
Mortgage Document Reviewer6,553 MYR
Mortgage Funding Manager10,784 MYR
Mortgage Operations Manager11,213 MYR
Mortgage Payment Processing Clerk6,027 MYR
Mortgage Processing Manager9,104 MYR
Mortgage Processor6,681 MYR
Mortgage Quality Assurance Auditor8,854 MYR
Mortgage Quality Assurance Manager8,631 MYR
Mortgage Servicing Clerk5,389 MYR
Mortgage Servicing Manager9,659 MYR
Mortgage Underwriter6,162 MYR
Online Banking Manager11,716 MYR
Payment Processing Clerk5,888 MYR
Personal Banker8,582 MYR
Personal Banking Advisor 8,868 MYR
Phone Banker7,239 MYR
Private Banker9,659 MYR
Reconciliation and Investigation Specialist7,923 MYR
Teller5,495 MYR
Trade Officer6,225 MYR
Trade Product Manager9,464 MYR
Trader7,019 MYR
Treasury Operations Officer8,037 MYR

Banking Jobs Salary Distribution in Malaysia

Median and salary distribution monthly Malaysia Banking

Abount These Figures: Salary Range, Median and Percentiles

The Banking salaries in Malaysia range between 5,035 MYR per month (minimum salary) to 16,461 MYR per month (maximum salary).

The median salary is 9,080 MYR per month, which means that half (50%) of people working in Banking are earning less than 9,080 MYR while the other half are earning more than 9,080 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 6,352 MYR while 75% of them are earning more than 6,352 MYR. Also from the diagram, 75% of people working in Banking are earning less than 13,281 MYR while 25% are earning more than 13,281 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.

Salary trends and forecast monthly Malaysia Banking
Average Salary 2016    =  
8,123 MYR
Average Salary 2017    +4%  
8,424 MYR
Average Salary 2018    +3%  
8,685 MYR
Average Salary 2019    +2%  
8,902 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

51 MYR per hour
Average Hourly Wage

The average hourly wage (pay per hour) in Malaysia for Banking is 51 MYR. This means that the average person in Malaysia earns approximatly 51 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.

Banking VS Other Jobs

Salary Comparison Between Banking and Banking monthly MalaysiaWe compared Malaysia salaries for Banking and All Jobs and we found that Banking salaries are 13% more than those of All Jobs.

Salary Comparison By City

CityAverage Salary
Ampang8,098 MYR
Ipoh9,516 MYR
Johor Bahru8,969 MYR
Klang8,257 MYR
Kota Kinabalu8,838 MYR
Kuala Lumpur9,642 MYR
Kuching8,644 MYR
Petaling Jaya9,378 MYR
Shah Alam9,183 MYR
Subang Jaya8,424 MYR
7230 - 86
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