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Business Development Manager Average Salary in Malaysia 2020

How much money does a Business Development Manager make in Malaysia?


Average Monthly Salary
12,100 MYR
( 145,000 MYR yearly)

LOW
5,560
MYR
AVERAGE
12,100
MYR
HIGH
19,200
MYR

A person working as a Business Development Manager in Malaysia typically earns around 12,100 MYR per month. Salaries range from 5,560 MYR (lowest) to 19,200 MYR (highest).

This is the average monthly salary including housing, transport, and other benefits. Business Development Manager salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Business Development Manager Salary Distribution in Malaysia

Median and salary distribution monthly Malaysia Business Development Manager
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The median, the maximum, the minimum, and the range

  • Salary Range

    Business Development Manager salaries in Malaysia range from 5,560 MYR per month (minimum salary) to 19,200 MYR per month (maximum salary).

  • Median Salary

    The median salary is 13,100 MYR per month, which means that half (50%) of people working as Business Development Manager(s) are earning less than 13,100 MYR while the other half are earning more than 13,100 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.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Business Development Manager(s) are earning less than 8,380 MYR while 75% of them are earning more than 8,380 MYR. Also from the diagram, 75% of Business Development Manager(s) are earning less than 17,400 MYR while 25% are earning more than 17,400 MYR.


What is the difference between the median and the average salary?

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

Business Development Manager Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Malaysia Business Development Manager
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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 Business Development Manager salaries by experience level and this is what we found.

A Business Development Manager with less than two years of experience makes approximately 6,320 MYR per month.

While someone with an experience level between two and five years is expected to earn 8,430 MYR per month, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 12,500 MYR per month, 48% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Business Development Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 15,200 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 16,600 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 17,900 MYR per month, 8% more than people with fifteen to twenty years of experience.


Business Development Manager average salary change by experience in Malaysia

0 - 2 Years
6,320 MYR
2 - 5 Years+34%
8,430 MYR
5 - 10 Years+48%
12,500 MYR
10 - 15 Years+22%
15,200 MYR
15 - 20 Years+9%
16,600 MYR
20+ Years+8%
17,900 MYR
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Business Development Manager Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Business Development Manager(s) who have the same experience but different education levels.

Salary comparison by education level monthly Malaysia Business Development Manager
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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 Business Development Manager salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Business Development Manager is 7,750 MYR per month.

While someone with a Certificate or Diploma gets a salary of 9,120 MYR per month, 18% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 13,200 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 17,300 MYR per month, 31% more than someone with Bachelor's Degree.


Business Development Manager average salary difference by education level in Malaysia

High School
7,750 MYR
Certificate or Diploma+18%
9,120 MYR
Bachelor's Degree+45%
13,200 MYR
Master's Degree+31%
17,300 MYR
Percentage increase and decrease are relative to the previous value

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Malaysia costs anywhere from 39,400 Malaysian Ringgit(s) to 118,000 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.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Business Development Manager Salary Comparison By Gender

Salary comparison by gender monthly Malaysia Business Development Manager
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Business Development Manager employees in Malaysia earn 19% more than their female counterparts.

Female
11,100 MYR
Male+19%
13,100 MYR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Malaysia for all Careers

Salary comparison by gender monthly Malaysia
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Business Development Manager Average Annual Salary Increment Percentage in Malaysia

How much are annual salary increments in Malaysia for Business Development Manager(s)? How often do employees get salary raises?

Business Development Manager

Business Development Manager(s) in Malaysia are likely to observe a salary increase of approximately 14% every 17 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.

Annual Salary Increment Rate Malaysia Business Development Manager
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Malaysia / All Professions

Annual Salary Increment Rate Malaysia
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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.

How to calculate the salary increment percentage?

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

The average salary increase in one year (12 months) in Malaysia is 6%.

Annual Increment Rate By Industry 2019

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

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.


Worldwide Salary Raises: All Countries and All Jobs

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Business Development Manager Bonus and Incentive Rates in Malaysia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Malaysia Business Development Manager
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A Business 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.

16% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 84% 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.

Received Bonus
84%
No Bonus
16%

Types of Bonuses Considered

Individual Performance-Based Bonuses

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.

Bonuses Are Not Commissions!

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.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting 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.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


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.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Malaysia
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Where can you get paid more, working for a private company or for the government? Public sector Business Development Manager employees in Malaysia earn 9% more than their private sector counterparts.

Private Sector
7,550 MYR
Public Sector+9%
8,220 MYR
Percentage increase and decrease are relative to the previous value

Business Development Manager Salary Trend and Forecast in Malaysia

How are Business Development Manager salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Malaysia Business Development Manager
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Average Salary 2016
10,500 MYR
Average Salary 2017+4%
10,800 MYR
Average Salary 2018+4%
11,200 MYR
Average Salary 2019+4%
11,700 MYR
Percentage increase and decrease are relative to the previous value

Business Development Manager 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 4% 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.

Business Development Manager Average Hourly Wage in Malaysia


70 MYR per hour

The average hourly wage (pay per hour) in Malaysia is 70 MYR. This means that the average Business Development Manager in Malaysia earns approximately 70 MYR for every worked hour.


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

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.

Business Development Manager VS Other Jobs

Salary Comparison Between Business Development Manager and Business Planning monthly Malaysia
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The average salary for Business Development Manager is 36% more than that of Business Planning. Also, Business Planning salaries are 13% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Assistant Business Development Manager8,340 MYR-31%
Assistant Merchandise Planner8,050 MYR-33%
Business Advisor8,920 MYR-26%
Business Analyst9,200 MYR-24%
Business Consultant9,680 MYR-20%
Business Continuity Associate8,050 MYR-33%
Business Development Associate7,940 MYR-34%
Business Development Coordinator7,460 MYR-38%
Business Development Manager12,100 MYR+0%
Business Development Specialist9,190 MYR-24%
Business Operations Specialist9,470 MYR-22%
Business Process Writer7,780 MYR-36%
Capacity Planner8,150 MYR-33%
Capacity Planning Supervisor9,190 MYR-24%
Change Communications Analyst9,170 MYR-24%
Change Control Analyst8,730 MYR-28%
Contracts Executive9,860 MYR-18%
Corporate Strategy Analyst9,980 MYR-17%
Cost Control Engineer8,650 MYR-28%
Cost Estimator7,110 MYR-41%
Data Executive7,210 MYR-40%
Development Researcher7,040 MYR-42%
Due Diligence Analyst10,500 MYR-13%
Estimating Manager10,900 MYR-10%
General Manager11,500 MYR-5%
Incident Handler8,480 MYR-30%
Incident Specialist9,040 MYR-25%
Lean Consultant8,320 MYR-31%
Manager12,400 MYR+3%
Materials Planner6,170 MYR-49%
Merchandise Controller6,310 MYR-48%
Merchandise Planner6,160 MYR-49%
Operations Analyst7,130 MYR-41%
Operations Research Analyst8,630 MYR-29%
Planning and Reporting Manager9,490 MYR-22%
Planning Director13,000 MYR+7%
Project Administrator7,960 MYR-34%
Project Manager8,920 MYR-26%
Project Planner8,130 MYR-33%
Research Assistant8,180 MYR-32%
Research Engineer7,790 MYR-36%
Research Officer7,460 MYR-38%
Risk Management Specialist9,570 MYR-21%
Scholarship Coordinator6,950 MYR-43%
Store Planner8,340 MYR-31%
Strategy Director13,900 MYR+15%
Top Research and Development Executive13,900 MYR+15%

Salary Comparison By City

CityAverage Salary
Ampang10,700 MYR
Ipoh13,200 MYR
Johor Bahru12,500 MYR
Klang11,000 MYR
Kota Kinabalu11,600 MYR
Kuala Lumpur12,800 MYR
Kuching11,400 MYR
Petaling Jaya12,900 MYR
Shah Alam12,700 MYR
Subang Jaya11,800 MYR
6819 - 33

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