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Accounting and Finance Average Salaries in Malaysia 2019

How much money does a person working in Accounting and Finance make in Malaysia?

6,255 MYR per month
Average Monthly Salary
A person working in Accounting and Finance in Malaysia typically earns around 6,255 MYR per month.
This is the average monthly salary including housing, transport, and other benefits.
Salaries differ drasticly between different Accounting and Finance 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
Accountant5,276 MYR
Accounting Assistant2,300 MYR
Accounting Clerk2,010 MYR
Accounting Manager6,665 MYR
Accounts Executive4,104 MYR
Accounts Payable and Receivable Specialist4,500 MYR
Accounts Payable Clerk4,000 MYR
Accounts Payable Manager3,750 MYR
Accounts Receivable Clerk2,400 MYR
Accounts Receivable Manager11,000 MYR
Administrator3,787 MYR
Assistant Accounting Manager5,235 MYR
Assistant Auditor2,000 MYR
Auditing Manager8,167 MYR
Auditor ( external )3,111 MYR
Auditor ( internal )4,535 MYR
Budget Analyst4,000 MYR
Chartered Accountant9,641 MYR
Chief Accountant10,000 MYR
Claims Manager12,000 MYR
Controller12,708 MYR
Cost Accounting Manager3,700 MYR
Credit And Collection Staff4,167 MYR
Credit and Loans Officers2,500 MYR
Finance Associate2,700 MYR
Finance Executive3,890 MYR
Financial Accountant6,692 MYR
Financial Administrator6,538 MYR
Financial Adviser3,000 MYR
Financial Analyst4,743 MYR
Financial Applications Specialist15,000 MYR
Financial Assistant2,738 MYR
Financial Controller14,008 MYR
Financial Director25,000 MYR
Financial Manager13,156 MYR
Fund Accountant4,500 MYR
Internal Control Adviser8,500 MYR
Investment Advisor4,600 MYR
Investment Analyst4,667 MYR
Junior Staff Accountant4,340 MYR
Payroll Manager4,700 MYR
Payroll Supervisor2,600 MYR
Regional Financial Manager10,000 MYR
Risk Management Supervisor10,000 MYR
Senior Account Executive5,425 MYR
Senior Accountant11,206 MYR
Tax Associate3,500 MYR
Tax Manager7,833 MYR
Tax Research Manager6,500 MYR
Team Leader 4,000 MYR

Accounting and Finance Jobs Salary Distribution in Malaysia

25% of people earn
3,000 MYR
or less
50% of people earn
4,610 MYR
or less
75% of people earn
7,500 MYR
or less
900 MYR
4,610 MYR
40,000 MYR

Abount These Figures: Salary Range, Median and Percentiles

The Accounting and Finance salaries in Malaysia range between 900 MYR per month (minimum salary) to 40,000 MYR per month (maximum salary).

The median salary is 4,610 MYR per month, which means that half (50%) of people working in Accounting and Finance are earning less than 4,610 MYR while the other half are earning more than 4,610 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 Accounting and Finance are earning less than 3,000 MYR while 75% of them are earning more than 3,000 MYR. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 7,500 MYR while 25% are earning more than 7,500 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

Accounting and Finance Salary Forecast and Trend in Malaysia

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

Average Salary 2016    =  
5,825 MYR
Average Salary 2017    +3%  
5,988 MYR
Average Salary 2018    +2%  
6,132 MYR
Average Salary 2019    +2%  
6,255 MYR
Percentage increase and decrease are relative to the previous value
Accounting and Finance 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.

Accounting and Finance Hourly Average Wage in Malaysia

32 MYR per hour
Average Hourly Wage

The average hourly wage (pay per hour) in Malaysia for Accounting and Finance is 32 MYR. This means that the average person in Malaysia earns approximatly 32 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 Accounting and Finance Jobs in Malaysia

6,255 MYR
7,347 MYR
Average Salary
Accounting and Finance
Average Salary
All Jobs
We compared Malaysia salaries for Accounting and Finance and All Jobs and we found that Accounting and Finance salaries are 15% less than those of All Jobs.

Salary Comparison By City

CityAverage Salary
Ampang4,847 MYR
Ipoh4,803 MYR
Johor Bahru6,056 MYR
Klang9,020 MYR
Kota Kinabalu4,709 MYR
Kuala Lumpur7,147 MYR
Kuching2,829 MYR
Petaling Jaya6,132 MYR
Shah Alam4,047 MYR
Subang Jaya5,183 MYR
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