A person working as Chief Financial Officer in Kuala Lumpur typically earns around 15,000 MYR. Salaries range from 7,820 MYR (lowest) to 23,000 MYR (highest).
This is the average salary including housing, transport, and other benefits. Chief Financial Officer salaries in Kuala Lumpur vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
![]() 7,820 MYR |
![]() 13,700 MYR |
![]() 23,000 MYR |
Salaries for the position Chief Financial Officer in Kuala Lumpur range from 7,820 MYR (starting salary) to 23,000 MYR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
With a median salary of 13,700 MYR, half of the professionals who work as Chief Financial Officer in Kuala Lumpur earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Chief Financial Officer in Kuala Lumpur earn less than 11,300 MYR, while 75% earn more. Similarly, the chart shows that 75% earn less than 15,500 MYR while 25% earn more.
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Chief Financial Officer in Kuala Lumpur compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 8,850 MYR to 12,100 MYR. About 20% of salaries are below the 8,850 MYR mark, while 10% fall within the range of 12,100 MYR to 13,600 MYR. Only 5% of individuals have salaries exceeding 13,600 MYR.
0 - 2 Years | 8,880 MYR | |
2 - 5 Years | +34% | 11,900 MYR |
5 - 10 Years | +30% | 15,500 MYR |
10 - 15 Years | +21% | 18,700 MYR |
15 - 20 Years | +9% | 20,500 MYR |
20+ Years | +5% | 21,600 MYR |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Chief Financial Officer and this is what we found.
Employees with less than two years of experience earn approximately 8,880 MYR.
While someone with an experience level between two and five years is expected to earn 11,900 MYR, 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 15,500 MYR, 30% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 18,700 MYR, 21% 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 20,500 MYR, 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 21,600 MYR, 5% more than people with fifteen to twenty years of experience.
High School | 10,700 MYR | |
Certificate or Diploma | +14% | 12,200 MYR |
Bachelor's Degree | +41% | 17,200 MYR |
Master's Degree | +21% | 20,900 MYR |
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 salaries by education level for the position Chief Financial Officer in order to make a comparison.
Employees at this education level have an average salary of 10,700 MYR.
At this level, the average salary becomes 12,200 MYR, 14% more than the previous level.
At this level, the average salary becomes 17,200 MYR, 41% more than the previous level.
At this level, the average salary becomes 20,900 MYR, 21% more than the previous level.
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.
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 to a higher-paying job. The numbers seem to support the theory. 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.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Chief Financial Officer in Malaysia, the average difference between the salary of male and female employees is 11%.
Male | 15,000 MYR | |
Female | -10% | 13,500 MYR |
Individuals working as Chief Financial Officer 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.
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.
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
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.
100% of surveyed staff 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 | 100% |
The 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.
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.
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: | Example: |
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.
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.
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.
The minimum pay rate per hour for people working as Chief Financial Officer in Kuala Lumpur is 45 MYR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Job Title | Average Salary |
Executive and Management | ![]() | |
Account Coordinator | 6,770 MYR | ![]() |
Account Director | 8,370 MYR | ![]() |
Account Executive | 8,050 MYR | ![]() |
Account Manager | 7,660 MYR | ![]() |
Administration Manager | 8,620 MYR | ![]() |
Administration Officer | 4,220 MYR | ![]() |
Administration Supervisor | 6,700 MYR | ![]() |
Administrative Clerk | 3,320 MYR | ![]() |
Administrative Officer | 3,270 MYR | ![]() |
Area Director | 7,780 MYR | ![]() |
Area Manager | 7,510 MYR | ![]() |
Asset Protection Associate | 9,210 MYR | ![]() |
Assistant Director | 8,650 MYR | ![]() |
Assistant General Manager | 9,210 MYR | ![]() |
Assistant Manager | 9,030 MYR | ![]() |
Assistant Managing Director | 10,300 MYR | ![]() |
Assistant Operations Manager | 10,000 MYR | ![]() |
Assistant Project Manager | 8,440 MYR | ![]() |
Assistant Section Head | 7,220 MYR | ![]() |
Assistant to CEO | 7,620 MYR | ![]() |
Assistant Vice President | 9,490 MYR | ![]() |
Associate Account Director | 8,710 MYR | ![]() |
Associate Director | 8,450 MYR | ![]() |
Bid Manager | 9,710 MYR | ![]() |
Branch Manager | 9,160 MYR | ![]() |
Business Development Manager | 10,300 MYR | ![]() |
Business Operations Associate | 8,400 MYR | ![]() |
Business Operations Lead | 8,800 MYR | ![]() |
Campaign Manager | 9,490 MYR | ![]() |
Catering Coordinator | 5,020 MYR | ![]() |
Catering Manager | 8,440 MYR | ![]() |
CEO | 16,900 MYR | ![]() |
Chairman of The Board | 16,800 MYR | ![]() |
Chairman Office Manager | 10,100 MYR | ![]() |
Chief Commercial Officer | 11,500 MYR | ![]() |
Chief Corporate Officer | 13,200 MYR | ![]() |
Chief Digital Officer | 11,800 MYR | ![]() |
Chief Digital Strategy Officer | 12,200 MYR | ![]() |
Chief Digital Transformation Officer | 10,500 MYR | ![]() |
Chief Ethics Officer | 9,860 MYR | ![]() |
Chief Executive Officer | 16,300 MYR | ![]() |
Chief Financial Officer | 15,000 MYR | ![]() |
Chief Investment Officer | 12,700 MYR | ![]() |
Chief of Staff | 7,970 MYR | ![]() |
Chief Operating Officer | 12,400 MYR | ![]() |
Chief Privacy Officer | 10,000 MYR | ![]() |
Chief Resilience Officer | 12,200 MYR | ![]() |
Chief Risk Officer | 10,300 MYR | ![]() |
Chief Strategy Officer | 12,900 MYR | ![]() |
Chief Trust and Safety Officer | 10,200 MYR | ![]() |
Client Account Manager | 9,800 MYR | ![]() |
Client Accounts Officer | 8,380 MYR | ![]() |
Client Services Manager | 11,100 MYR | ![]() |
Commercial Director | 11,600 MYR | ![]() |
Commercial Manager | 9,670 MYR | ![]() |
Commercial Project Manager | 8,890 MYR | ![]() |
Commodity Broker | 6,600 MYR | ![]() |
COO | 12,900 MYR | ![]() |
Corporate Affairs Executive | 9,660 MYR | ![]() |
Corporate Compliance Director | 10,900 MYR | ![]() |
Corporate Director | 11,600 MYR | ![]() |
Corporate Officer | 7,930 MYR | ![]() |
Corporate Partnerships Officer | 7,980 MYR | ![]() |
Country Manager | 13,400 MYR | ![]() |
Department Head | 9,980 MYR | ![]() |
Department Manager | 10,100 MYR | ![]() |
Department Supervisor | 8,880 MYR | ![]() |
Deputy Director | 12,200 MYR | ![]() |
Deputy Manager | 12,000 MYR | ![]() |
Director | 12,500 MYR | ![]() |
Director of Accreditation | 10,500 MYR | ![]() |
Director of Catering Services | 9,560 MYR | ![]() |
Director of Client Services | 10,300 MYR | ![]() |
Director of Facilities Management | 8,890 MYR | ![]() |
Director of Operations | 11,000 MYR | ![]() |
Director of Process Simplification | 8,750 MYR | ![]() |
Director of Product Management | 10,800 MYR | ![]() |
Director of Project Management | 11,300 MYR | ![]() |
Director of Revenue Management | 9,680 MYR | ![]() |
Director of Training and Development | 10,800 MYR | ![]() |
Distribution Manager | 11,700 MYR | ![]() |
Division Manager | 9,720 MYR | ![]() |
Duty Manager | 9,630 MYR | ![]() |
Engagement Manager | 11,100 MYR | ![]() |
Executive Director | 15,400 MYR | ![]() |
Executive Manager | 12,800 MYR | ![]() |
Franchise Manager | 13,700 MYR | ![]() |
General Manager | 12,400 MYR | ![]() |
Generational Consultant | 8,580 MYR | ![]() |
Global Master Data Manager | 11,700 MYR | ![]() |
Global Technical Lead | 7,340 MYR | ![]() |
Head of Investment | 11,100 MYR | ![]() |
Head of Middle Office | 9,840 MYR | ![]() |
Head of Projects | 10,900 MYR | ![]() |
Head of Strategy | 12,600 MYR | ![]() |
Head of Supply Chain | 10,400 MYR | ![]() |
Head of Sustainability | 8,800 MYR | ![]() |
Housing Manager | 8,710 MYR | ![]() |
HSE Manager | 8,710 MYR | ![]() |
Innovation Manager | 8,980 MYR | ![]() |
Key Account Manager | 9,440 MYR | ![]() |
Knowledge Manager | 10,300 MYR | ![]() |
Location Manager | 10,400 MYR | ![]() |
Logistics Executive | 8,310 MYR | ![]() |
Logistics Manager | 8,400 MYR | ![]() |
Management Consultant | 8,540 MYR | ![]() |
Management Executive | 12,000 MYR | ![]() |
Manager | 11,400 MYR | ![]() |
Managing Director | 13,100 MYR | ![]() |
MIS Executive | 11,100 MYR | ![]() |
Ocean Services Manager | 11,600 MYR | ![]() |
Online Business Manager | 15,300 MYR | ![]() |
Operational Manager | 11,000 MYR | ![]() |
Operations Analyst | 9,430 MYR | ![]() |
Operations Assistant | 8,060 MYR | ![]() |
Operations Director | 11,900 MYR | ![]() |
Operations Executive | 12,200 MYR | ![]() |
Operations Manager | 11,700 MYR | ![]() |
Operations Supervisor | 9,870 MYR | ![]() |
Planning Director | 11,800 MYR | ![]() |
PMO Manager | 10,700 MYR | ![]() |
Policy Administration Executive | 9,120 MYR | ![]() |
Private Sector Executive | 10,100 MYR | ![]() |
Product Development Manager | 11,300 MYR | ![]() |
Product Executive | 9,770 MYR | ![]() |
Production Executive | 11,400 MYR | ![]() |
Production Manager | 10,600 MYR | ![]() |
Production Supervisor | 9,770 MYR | ![]() |
Program Director | 11,500 MYR | ![]() |
Program Manager | 11,300 MYR | ![]() |
Programme Coordinator | 7,810 MYR | ![]() |
Project Control Manager | 11,700 MYR | ![]() |
Project Coordinator | 6,890 MYR | ![]() |
Project Management Officer | 8,030 MYR | ![]() |
Project Manager | 8,580 MYR | ![]() |
Project Portfolio Manager | 9,200 MYR | ![]() |
Quality Manager | 8,490 MYR | ![]() |
R/D Director | 9,760 MYR | ![]() |
Regional Director | 14,700 MYR | ![]() |
Regional Manager | 11,100 MYR | ![]() |
Relationship Manager | 10,700 MYR | ![]() |
Retail District Manager | 7,670 MYR | ![]() |
Revenue Manager | 8,750 MYR | ![]() |
Risk and Capital Manager | 12,200 MYR | ![]() |
Risk Officer | 8,300 MYR | ![]() |
Safety Manager | 8,130 MYR | ![]() |
Section Head | 8,050 MYR | ![]() |
Service Manager | 8,710 MYR | ![]() |
Shift Supervisor | 6,650 MYR | ![]() |
Solutions Manager | 7,600 MYR | ![]() |
Supervisor | 6,780 MYR | ![]() |
Supply Chain Manager | 11,300 MYR | ![]() |
Surveyor | 7,930 MYR | ![]() |
Technical Director | 10,600 MYR | ![]() |
Technical Manager | 10,100 MYR | ![]() |
Territory Manager | 11,200 MYR | ![]() |
Validation Manager | 9,720 MYR | ![]() |
Vice President | 13,500 MYR | ![]() |
Zone Manager | 11,800 MYR | ![]() |
City | Average Salary |
Johor Bahru | 13,500 MYR |
Kuala Lumpur | 15,000 MYR |
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 |
A good and competitive compensation would range anywhere between 13,700 MYR and 15,500 MYR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
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.
The base salary for a careers like Chief Financial Officer in Kuala Lumpur ranges from 7,820 MYR to 11,300 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.
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