How much money does a person working in Accounting and Finance make in Malaysia?
Average Monthly Salary
6,840 MYR
( 82,000 MYR yearly)
LOW
2,740
MYR
AVERAGE
6,840
MYR
HIGH
13,600
MYR
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
A person working in Accounting and Finance in Malaysia typically earns around 6,840 MYR. Salaries range from 2,740 MYR (lowest average) to 13,600 MYR (highest average, actual maximum salary is higher).
Salary Variance
The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Accounting and Finance domain in Malaysia exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.
Salaries for specific jobs
Accounting and Finance | |
Account Examiner | 3,540 MYR |
Account Executive | 5,760 MYR |
Accountant | 4,550 MYR |
Accounting Analyst | 5,570 MYR |
|
Accounting Assistant | 3,670 MYR |
Accounting Associate | 3,500 MYR |
Accounting Clerk | 2,850 MYR |
Accounting Coordinator | 4,240 MYR |
Accounting Head | 9,120 MYR |
Accounting Manager | 9,800 MYR |
Accounting Officer | 3,470 MYR |
Accounting Specialist | 6,530 MYR |
Accounting Supervisor | 6,440 MYR |
Accounting Technician | 3,400 MYR |
Accounting Unit Controller | 7,820 MYR |
Accounts Executive | 5,880 MYR |
Accounts Officer | 3,520 MYR |
Accounts Payable and Receivable Specialist | 4,560 MYR |
Accounts Payable Assistant | 3,610 MYR |
Accounts Payable Associate | 4,130 MYR |
Accounts Payable Clerk | 3,540 MYR |
Accounts Payable Manager | 9,670 MYR |
Accounts Receivable Administrator | 7,040 MYR |
Accounts Receivable Clerk | 3,400 MYR |
Accounts Receivable Financial Analyst | 6,860 MYR |
Accounts Receivable Manager | 9,150 MYR |
Accounts Receivable Team Leader | 6,690 MYR |
Algorithmic Trading Specialist | 7,890 MYR |
Assistant Accountant | 3,740 MYR |
Assistant Accounting Manager | 8,890 MYR |
Assistant Auditor | 4,650 MYR |
Assistant Corporate Controller | 6,530 MYR |
Assistant Finance Manager | 10,200 MYR |
Assistant Financial Controller | 6,340 MYR |
Audit Director | 11,000 MYR |
Audit Supervisor | 8,170 MYR |
Auditing Clerk | 3,520 MYR |
Auditing Manager | 9,510 MYR |
Billing Clerk | 3,670 MYR |
Billing Coordinator | 4,090 MYR |
Billing Specialist | 4,800 MYR |
Billing Supervisor | 6,910 MYR |
Bookkeeper | 3,070 MYR |
Bookkeeping Specialist | 4,640 MYR |
Budget Analyst | 8,260 MYR |
Budget Manager | 9,220 MYR |
Business Support Analyst | 5,250 MYR |
Capital Markets Associate | 7,170 MYR |
Cash Flow Analyst | 6,960 MYR |
Cash Management Manager | 9,390 MYR |
Cash Management Officer | 5,620 MYR |
Cashbook Clerk | 3,300 MYR |
Chartered Accountant | 5,820 MYR |
Chief Accountant | 6,790 MYR |
Chief Financial Technology Officer | 9,310 MYR |
Collections Clerk | 2,930 MYR |
Collections Representative | 3,940 MYR |
Collections Specialist | 4,900 MYR |
Corporate Controller | 7,500 MYR |
Corporate Treasurer | 9,180 MYR |
Cost Accountant | 4,510 MYR |
Cost Accounting Manager | 8,880 MYR |
Cost Accounting Supervisor | 7,600 MYR |
Cost Analyst | 7,350 MYR |
Credit and Collection Manager | 8,930 MYR |
Credit and Collection Staff | 3,490 MYR |
Credit and Loans Officer | 3,430 MYR |
Credit Controller | 6,760 MYR |
Credit Manager | 10,200 MYR |
Debt Adviser | 8,030 MYR |
Debt Collector | 3,650 MYR |
Debtors Clerk | 3,320 MYR |
Debtors Controller | 3,470 MYR |
Deputy CFO | 13,000 MYR |
Deputy Head of Finance | 12,500 MYR |
Derivative Trader | 8,020 MYR |
Director of Finance | 14,500 MYR |
E-commerce Accountant | 4,750 MYR |
Economist | 10,800 MYR |
Equity Analyst | 8,600 MYR |
Escrow Assistant | 4,070 MYR |
Executive Accountant | 5,350 MYR |
External Auditor | 6,600 MYR |
Finance Administrator | 5,670 MYR |
Finance Analyst | 8,500 MYR |
Finance Associate | 3,940 MYR |
Finance Data Analyst | 7,370 MYR |
Finance Director | 13,800 MYR |
Finance Executive | 10,000 MYR |
Finance Licensing Clerk | 3,430 MYR |
Finance Licensing Manager | 9,360 MYR |
Finance Licensing Specialist | 4,950 MYR |
Finance Manager | 13,500 MYR |
Finance Officer | 4,680 MYR |
Finance President | 14,500 MYR |
Finance Relationship Manager | 10,700 MYR |
Finance Release Analyst | 5,350 MYR |
Finance Specialist | 7,410 MYR |
Finance Team Leader | 10,600 MYR |
Financial Accountant | 4,650 MYR |
Financial Actuary | 6,980 MYR |
Financial Administrator | 7,640 MYR |
Financial Advisor | 8,380 MYR |
Financial Analyst | 8,840 MYR |
Financial Applications Specialist | 6,020 MYR |
Financial Assistant | 3,610 MYR |
Financial Associate | 3,650 MYR |
Financial Associate | 4,550 MYR |
Financial Claims Analyst | 6,350 MYR |
Financial Claims Manager | 8,650 MYR |
Financial Claims Supervisor | 7,490 MYR |
Financial Clerk | 3,460 MYR |
Financial Commercial Analyst | 6,730 MYR |
Financial Compliance Analyst | 7,220 MYR |
Financial Compliance Officer | 7,450 MYR |
Financial Consultant | 6,110 MYR |
Financial Controller | 7,650 MYR |
Financial Controller | 7,350 MYR |
Financial Coordinator | 4,230 MYR |
Financial Customer Service Manager | 8,340 MYR |
Financial Data Scientist | 9,010 MYR |
Financial Dealer and Broker | 5,150 MYR |
Financial Director | 13,200 MYR |
Financial Encoder | 3,960 MYR |
Financial Manager | 12,700 MYR |
Financial Manager | 12,500 MYR |
Financial Modelling Analyst | 8,110 MYR |
Financial Operations Manager | 11,900 MYR |
Financial Policy Analyst | 7,450 MYR |
Financial Project Manager | 9,220 MYR |
Financial Quantitative Analyst | 8,020 MYR |
Financial Reporting Consultant | 6,730 MYR |
Financial Reporting Manager | 9,180 MYR |
Financial Section Head | 8,730 MYR |
Financial Services Manager | 11,900 MYR |
Financial Services Sales Agent | 4,940 MYR |
Financial Technology Consultant | 7,330 MYR |
Financial Wellness Coach | 9,840 MYR |
FinTech Analyst | 7,700 MYR |
Fixed Assets Administrator | 4,850 MYR |
Forensic Accountant | 5,390 MYR |
Fraud Detection Supervisor | 5,800 MYR |
Fraud Prevention Manager | 9,890 MYR |
Fund Accountant | 4,320 MYR |
Grants Coordinator | 3,610 MYR |
Green Finance Analyst | 7,010 MYR |
Group Financial Manager | 14,000 MYR |
Internal Auditor | 6,490 MYR |
Internal Control Adviser | 7,400 MYR |
Internal Control Officer | 4,220 MYR |
International Tax Director | 10,800 MYR |
Inventory Accountant | 5,100 MYR |
Investment Advisor | 12,500 MYR |
Investment Analyst | 9,490 MYR |
Investment Associate | 7,660 MYR |
Investment Broker | 7,510 MYR |
Investment Fund Manager | 10,500 MYR |
Investment Operations Manager | 10,300 MYR |
Investment Underwriter | 4,120 MYR |
Investor | 6,220 MYR |
Investor Relations Manager | 9,030 MYR |
KYC Team Leader | 9,280 MYR |
Loan Processor | 3,710 MYR |
Management Accountant | 5,200 MYR |
Management Economist | 10,500 MYR |
Paymaster | 3,760 MYR |
Payroll Administrator | 6,200 MYR |
Payroll Benefits Coordinator | 5,100 MYR |
Payroll Billing Manager | 8,690 MYR |
Payroll Clerk | 4,220 MYR |
Payroll Manager | 8,260 MYR |
Payroll Officer | 4,260 MYR |
Payroll Specialist | 4,750 MYR |
Payroll Supervisor | 5,940 MYR |
Pensions Administrator | 4,750 MYR |
Personal Financial Advisor | 7,070 MYR |
Pricing Analyst | 7,490 MYR |
Private Equity Analyst | 8,680 MYR |
Project Accountant | 5,100 MYR |
Proposal Development Coordinator | 3,990 MYR |
Quantitative Trader | 6,550 MYR |
Receivables Accountant | 4,390 MYR |
Regulatory Accountant | 5,360 MYR |
Retirement Plan Analyst | 7,500 MYR |
Revenue Management Specialist | 8,030 MYR |
Revenue Recognition Analyst | 9,050 MYR |
Risk Management Director | 11,400 MYR |
Risk Management Supervisor | 9,670 MYR |
Staff Accountant | 4,370 MYR |
Tax Accountant | 4,270 MYR |
Tax Administrator | 5,300 MYR |
Tax Advisor | 6,980 MYR |
Tax Analyst | 7,200 MYR |
Tax Associate | 3,960 MYR |
Tax Consultant | 7,730 MYR |
Tax Director | 10,500 MYR |
Tax Examiner | 5,150 MYR |
Tax Manager | 9,310 MYR |
Tax Research Manager | 9,600 MYR |
Teller | 2,880 MYR |
Treasury Accountant | 4,920 MYR |
Treasury Analyst | 7,800 MYR |
Underwriter | 3,140 MYR |
Underwriting Assistant | 3,040 MYR |
Vice President of Finance | 12,900 MYR |
Accounting and Finance Jobs Pay Scale and Salaries in Malaysia
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/malaysia/accounting-and-finance/median-and-salary-distribution-monthly-malaysia-accounting-and-finance.jpg Salary Structure and Pay Scale Comparison
5% of people earn
7,240 MYR or more
10% of people earn
6,130 to 7,240 MYR
20% of people earn
3,690 MYR or less
65% of people earn
3,690 to 6,130 MYR
Minimum Salary 2,740 MYR |
Median 6,350 MYR |
Maximum 13,600 MYR |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
All salary figures displayed here are per month except when noted otherwise.
Salary Range, Minimum Wage, and Starting Salary
Salaries in Accounting and Finance in Malaysia range from 2,740 MYR (starting average salary) to 13,600 MYR (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.
Median Salary
The median income in the field of Accounting and Finance is 6,350 MYR, implying that half of the workforce in Malaysia earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.
Percentiles and Salary Scale
Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Accounting and Finance in Malaysia earn less than 4,970 MYR, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 7,670 MYR, while 25% earn more than that.
Pay Scale Structure
Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Accounting and Finance in Malaysia. The analysis revealed that roughly 65% of all reported salaries fell within the range of 3,690 MYR to 6,130 MYR. Approximately 20% of salaries were below the 3,690 MYR mark, while 10% ranged from 6,130 MYR to 7,240 MYR. Only 5% of individuals earned a gross salary of 7,240 MYR or higher.
Salary Comparison by Years of Experience
How does a person's salary progress over time?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage.
Generally speaking, employees in Accounting and Finance in Malaysia having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.
Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.
As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.
Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.
Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
“ On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark. ”
Salary Comparison By Education
How does the education level affect your salary?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.
It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income?
We compared the salaries of professionals at the same level but with different college degree levels across many jobs in Accounting and Finance in Malaysia, below are our findings.
Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.
Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a certificate or diploma.
Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.
Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.
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 33,100 MYR to 99,200 MYR and lasts approximately two years. That is quite an investment.
Employees can't expect any salary increases during the study period, assuming they 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 to a higher-paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
The decision really depends on the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.
Salary and Compensation Comparison By Gender / Accounting and Finance / Malaysia
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/malaysia/accounting-and-finance/salary-comparison-by-gender-monthly-malaysia-accounting-and-finance.jpg Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? In the field of Accounting and Finance in Malaysia, the average difference between the salary of male and female employees is 7%.
Male | | 7,120 MYR |
Female | -6% | 6,670 MYR |
Percentage increase and decrease are relative to the previous value
Salary Comparison By Gender in Malaysia for all Careers
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/malaysia/salary-comparison-by-gender-monthly-malaysia.jpg
Average Annual Salary Increment Percentage / Accounting and Finance / Malaysia
How much are annual salary increments in Malaysia for individuals working in Accounting and Finance? How often do employees get salary raises?
Professionals working in Accounting and Finance in Malaysia are likely to observe a salary increase of approximately 11% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/malaysia/accounting-and-finance/annual-salary-increment-rate-malaysia-accounting-and-finance.jpg 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
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/malaysia/annual-salary-increment-rate-malaysia.jpg The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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%.”
Worldwide Salary Raises: All Countries and All Jobs
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Accounting and Finance / Malaysia
How much and how often are bonuses being awarded?Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/malaysia/accounting-and-finance/annual-salary-bonus-rate-malaysia-accounting-and-finance.jpg
21% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 79% 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 | | 79% |
No Bonus | | 21% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 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. |
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.
Hourly Average Wage / Accounting and Finance / Malaysia
39 MYR
per hour The average hourly wage (pay per hour) in Accounting and Finance in Malaysia is 39 MYR.This is the rate they get paid for every worked hour.
Hourly Wage = Annual Salary / ( 52 x 5 x 8 )
About The Hourly Pay Rate
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 fixed 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.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working in Accounting and Finance in Malaysia is 16 MYR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary Comparison By City
Ampang | 6,220 MYR |
Ipoh | 7,310 MYR |
Johor Bahru | 6,890 MYR |
Klang | 6,340 MYR |
Kota Kinabalu | 6,790 MYR |
Kuala Lumpur | 7,410 MYR |
Kuching | 6,640 MYR |
Petaling Jaya | 7,200 MYR |
Shah Alam | 7,050 MYR |
Subang Jaya | 6,470 MYR |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Malaysia is 9% on average across all career fields.
Private Sector | | 6,340 MYR |
Public Sector | +9% | 6,900 MYR |
Percentage increase and decrease are relative to the previous value
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary in Accounting and Finance in Malaysia?
A good and competitive compensation would range anywhere between 6,350 MYR and 7,670 MYR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for jobs in Accounting and Finance in Malaysia ranges from 2,740 MYR to 4,970 MYR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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