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Accounting and Finance Average Salaries in Kuala Lumpur 2024

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

Average Monthly Salary
7,410 MYR
( 88,900 MYR yearly)

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 Kuala Lumpur typically earns around 7,410 MYR. Salaries range from 2,970 MYR (lowest average) to 14,800 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 Kuala Lumpur 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

Job TitleAverage Salary
Accounting and Finance
Account Examiner3,970 MYR
Account Executive6,300 MYR
Accountant5,160 MYR
Accounting Analyst6,090 MYR
Accounting Assistant4,100 MYR
Accounting Associate3,890 MYR
Accounting Clerk3,140 MYR
Accounting Coordinator4,760 MYR
Accounting Head9,980 MYR
Accounting Manager10,600 MYR
Accounting Officer3,740 MYR
Accounting Specialist6,930 MYR
Accounting Supervisor6,940 MYR
Accounting Technician3,780 MYR
Accounting Unit Controller8,430 MYR
Accounts Executive6,700 MYR
Accounts Officer4,070 MYR
Accounts Payable and Receivable Specialist5,280 MYR
Accounts Payable Assistant4,180 MYR
Accounts Payable Associate4,520 MYR
Accounts Payable Clerk3,770 MYR
Accounts Payable Manager10,200 MYR
Accounts Receivable Administrator7,860 MYR
Accounts Receivable Clerk3,890 MYR
Accounts Receivable Financial Analyst7,220 MYR
Accounts Receivable Manager10,300 MYR
Accounts Receivable Team Leader7,290 MYR
Algorithmic Trading Specialist9,130 MYR
Assistant Accountant4,140 MYR
Assistant Accounting Manager9,490 MYR
Assistant Auditor5,270 MYR
Assistant Corporate Controller7,290 MYR
Assistant Finance Manager10,700 MYR
Assistant Financial Controller7,180 MYR
Audit Director12,300 MYR
Audit Supervisor9,460 MYR
Auditing Clerk4,070 MYR
Auditing Manager10,300 MYR
Billing Clerk4,100 MYR
Billing Coordinator4,490 MYR
Billing Specialist5,530 MYR
Billing Supervisor7,960 MYR
Bookkeeper3,480 MYR
Bookkeeping Specialist5,150 MYR
Budget Analyst9,220 MYR
Budget Manager10,100 MYR
Business Support Analyst5,950 MYR
Capital Markets Associate7,650 MYR
Cash Flow Analyst7,540 MYR
Cash Management Manager10,000 MYR
Cash Management Officer5,910 MYR
Cashbook Clerk3,490 MYR
Chartered Accountant6,670 MYR
Chief Accountant7,390 MYR
Chief Financial Technology Officer10,800 MYR
Collections Clerk3,290 MYR
Collections Representative4,530 MYR
Collections Specialist5,200 MYR
Corporate Controller8,040 MYR
Corporate Treasurer9,750 MYR
Cost Accountant4,960 MYR
Cost Accounting Manager10,300 MYR
Cost Accounting Supervisor8,150 MYR
Cost Analyst8,370 MYR
Credit and Collection Manager9,820 MYR
Credit and Collection Staff4,000 MYR
Credit and Loans Officer3,850 MYR
Credit Controller7,110 MYR
Credit Manager11,300 MYR
Debt Adviser8,920 MYR
Debt Collector3,990 MYR
Debtors Clerk3,700 MYR
Debtors Controller3,740 MYR
Deputy CFO13,900 MYR
Deputy Head of Finance14,300 MYR
Derivative Trader8,640 MYR
Director of Finance16,000 MYR
E-commerce Accountant5,170 MYR
Economist12,300 MYR
Equity Analyst9,090 MYR
Escrow Assistant4,440 MYR
Executive Accountant6,010 MYR
External Auditor7,080 MYR
Finance Administrator5,990 MYR
Finance Analyst9,580 MYR
Finance Associate4,530 MYR
Finance Data Analyst8,030 MYR
Finance Director15,600 MYR
Finance Executive10,700 MYR
Finance Licensing Clerk3,670 MYR
Finance Licensing Manager9,850 MYR
Finance Licensing Specialist5,670 MYR
Finance Manager15,000 MYR
Finance Officer4,930 MYR
Finance President16,000 MYR
Finance Relationship Manager11,600 MYR
Finance Release Analyst6,060 MYR
Finance Specialist8,150 MYR
Finance Team Leader 11,900 MYR
Financial Accountant5,020 MYR
Financial Actuary8,000 MYR
Financial Administrator8,710 MYR
Financial Advisor9,080 MYR
Financial Analyst9,770 MYR
Financial Applications Specialist6,390 MYR
Financial Assistant4,180 MYR
Financial Associate3,990 MYR
Financial Associate4,850 MYR
Financial Claims Analyst7,160 MYR
Financial Claims Manager9,610 MYR
Financial Claims Supervisor8,190 MYR
Financial Clerk3,780 MYR
Financial Commercial Analyst7,630 MYR
Financial Compliance Analyst8,360 MYR
Financial Compliance Officer7,990 MYR
Financial Consultant7,000 MYR
Financial Controller8,370 MYR
Financial Controller8,540 MYR
Financial Coordinator4,820 MYR
Financial Customer Service Manager9,080 MYR
Financial Data Scientist9,530 MYR
Financial Dealer and Broker5,780 MYR
Financial Director15,300 MYR
Financial Encoder4,270 MYR
Financial Manager13,800 MYR
Financial Manager13,900 MYR
Financial Modelling Analyst9,340 MYR
Financial Operations Manager12,800 MYR
Financial Policy Analyst7,910 MYR
Financial Project Manager10,700 MYR
Financial Quantitative Analyst8,640 MYR
Financial Reporting Consultant7,630 MYR
Financial Reporting Manager9,750 MYR
Financial Section Head10,000 MYR
Financial Services Manager12,800 MYR
Financial Services Sales Agent5,720 MYR
Financial Technology Consultant8,300 MYR
Financial Wellness Coach11,000 MYR
FinTech Analyst8,470 MYR
Fixed Assets Administrator5,230 MYR
Forensic Accountant5,840 MYR
Fraud Detection Supervisor6,220 MYR
Fraud Prevention Manager10,500 MYR
Fund Accountant4,980 MYR
Grants Coordinator4,000 MYR
Green Finance Analyst7,980 MYR
Group Financial Manager15,500 MYR
Internal Auditor6,860 MYR
Internal Control Adviser7,940 MYR
Internal Control Officer4,470 MYR
International Tax Director11,900 MYR
Inventory Accountant5,360 MYR
Investment Advisor14,100 MYR
Investment Analyst10,600 MYR
Investment Associate8,780 MYR
Investment Broker8,260 MYR
Investment Fund Manager11,800 MYR
Investment Operations Manager11,100 MYR
Investment Underwriter4,580 MYR
Investor6,610 MYR
Investor Relations Manager10,500 MYR
KYC Team Leader10,400 MYR
Loan Processor4,080 MYR
Management Accountant5,600 MYR
Management Economist12,100 MYR
Paymaster4,260 MYR
Payroll Administrator6,990 MYR
Payroll Benefits Coordinator5,520 MYR
Payroll Billing Manager9,270 MYR
Payroll Clerk4,690 MYR
Payroll Manager9,030 MYR
Payroll Officer4,490 MYR
Payroll Specialist5,440 MYR
Payroll Supervisor6,400 MYR
Pensions Administrator5,500 MYR
Personal Financial Advisor7,550 MYR
Pricing Analyst8,190 MYR
Private Equity Analyst9,600 MYR
Project Accountant5,690 MYR
Proposal Development Coordinator4,620 MYR
Quantitative Trader7,500 MYR
Receivables Accountant4,690 MYR
Regulatory Accountant5,920 MYR
Retirement Plan Analyst8,040 MYR
Revenue Management Specialist8,490 MYR
Revenue Recognition Analyst9,520 MYR
Risk Management Director12,800 MYR
Risk Management Supervisor10,700 MYR
Staff Accountant5,000 MYR
Tax Accountant4,920 MYR
Tax Administrator5,580 MYR
Tax Advisor8,000 MYR
Tax Analyst8,120 MYR
Tax Associate4,490 MYR
Tax Consultant8,580 MYR
Tax Director11,500 MYR
Tax Examiner5,450 MYR
Tax Manager10,100 MYR
Tax Research Manager10,300 MYR
Teller3,050 MYR
Treasury Accountant5,410 MYR
Treasury Analyst8,800 MYR
Underwriter3,630 MYR
Underwriting Assistant3,460 MYR
Vice President of Finance13,800 MYR

Accounting and Finance Jobs Pay Scale and Salaries in Kuala Lumpur

Median and salary distribution Kuala Lumpur Accounting and Finance monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
7,530 MYR or more
10% of people earn
6,380 to 7,530 MYR
20% of people earn
3,840 MYR or less
65% of people earn
3,840 to 6,380 MYR
Minimum Salary
2,970 MYR
6,610 MYR
14,800 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 Kuala Lumpur range from 2,970 MYR (starting average salary) to 14,800 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 6,610 MYR, implying that half of the workforce in Kuala Lumpur 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 Kuala Lumpur earn less than 5,170 MYR, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 7,980 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 Kuala Lumpur. The analysis revealed that roughly 65% of all reported salaries fell within the range of 3,840 MYR to 6,380 MYR. Approximately 20% of salaries were below the 3,840 MYR mark, while 10% ranged from 6,380 MYR to 7,530 MYR. Only 5% of individuals earned a gross salary of 7,530 MYR or higher.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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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 Kuala Lumpur 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.
* Based on the average change in salary over time. Salary variations differ from person to person.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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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 Kuala Lumpur, 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 / Kuala Lumpur

Salary comparison by gender Malaysia Accounting and Finance monthly
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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? In the field of Accounting and Finance in Malaysia, the average difference between the salary of male and female employees is 7%.

7,120 MYR
6,670 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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Average Annual Salary Increment Percentage / Accounting and Finance / Kuala Lumpur

How much are annual salary increments in Kuala Lumpur 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 % every months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.

Annual Salary Increment Rate Malaysia Accounting and Finance
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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 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

World Average Annual Salary Increment
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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?Annual Salary Bonus Rate Malaysia Accounting and Finance
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100% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from % to % of their annual salary.

Received Bonus
No Bonus

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.

A graphics designer working for a graphics designing company.

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 / Kuala Lumpur

43 MYR per hour

The average hourly wage (pay per hour) in Accounting and Finance in Kuala Lumpur is 43 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 Kuala Lumpur is 17 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

CityAverage Salary
Ampang6,220 MYR
Ipoh7,310 MYR
Johor Bahru6,890 MYR
Klang6,340 MYR
Kota Kinabalu6,790 MYR
Kuala Lumpur7,410 MYR
Kuching6,640 MYR
Petaling Jaya7,200 MYR
Shah Alam7,050 MYR
Subang Jaya6,470 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 Kuala Lumpur?

A good and competitive compensation would range anywhere between 6,610 MYR and 7,980 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 Kuala Lumpur ranges from 2,970 MYR to 5,170 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

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