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Bank Operations Head Average Salary in Malaysia 2023

How much money does a person working as Bank Operations Head make in Malaysia?

Average Monthly Salary
13,700 MYR
( 165,000 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 as Bank Operations Head in Malaysia typically earns around 13,700 MYR. Salaries range from 7,140 MYR (lowest) to 21,000 MYR (highest).

Salary Variance

This is the average salary including housing, transport, and other benefits. Bank Operations Head salaries in Malaysia vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Bank Operations Head Pay Scale and Salaries in Malaysia

Median and salary distribution Malaysia Bank Operations Head monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
12,400 MYR or more
10% of people earn
11,100 to 12,400 MYR
20% of people earn
8,080 MYR or less
65% of people earn
8,080 to 11,100 MYR
Minimum Salary
7,140 MYR
12,500 MYR
21,000 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 for the position Bank Operations Head in Malaysia range from 7,140 MYR (starting salary) to 21,000 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.

  • Median Salary

    With a median salary of 12,500 MYR, half of the professionals who work as Bank Operations Head in Malaysia 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.

  • Percentiles and Salary Scale

    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 Bank Operations Head in Malaysia earn less than 10,400 MYR, while 75% earn more. Similarly, the chart shows that 75% earn less than 14,200 MYR while 25% earn more.

  • Pay Scale Structure

    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 Bank Operations Head in Malaysia compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 8,080 MYR to 11,100 MYR. About 20% of salaries are below the 8,080 MYR mark, while 10% fall within the range of 11,100 MYR to 12,400 MYR. Only 5% of individuals have salaries exceeding 12,400 MYR.

Salary Comparison by Years of Experience / Bank Operations Head / Malaysia

How do experience and age affect pay?

0 - 2 Years
8,110 MYR
2 - 5 Years+34%
10,900 MYR
5 - 10 Years+30%
14,100 MYR
10 - 15 Years+21%
17,100 MYR
15 - 20 Years+9%
18,700 MYR
20+ Years+5%
19,700 MYR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Malaysia Bank Operations Head
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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. We broke down salaries by experience level for people working as Bank Operations Head and this is what we found.

All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 8,110 MYR.

While someone with an experience level between two and five years is expected to earn 10,900 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 14,100 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 17,100 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 18,700 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 19,700 MYR, 5% more than people with fifteen to twenty 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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Bank Operations Head / Malaysia

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Bank Operations Head.

Bachelor's Degree
11,400 MYR
Master's Degree+39%
15,900 MYR
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Malaysia Bank Operations Head
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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 salaries by education level for the position Bank Operations Head in order to make a comparison.

Level 1: Bachelor's Degree

Employees at this education level have an average salary of 11,400 MYR.

Level 2: Master's Degree

At this level, the average salary becomes 15,900 MYR, 39% more than the previous level.

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.

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.

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Bank Operations Head / Malaysia

Salary comparison by gender Malaysia Bank Operations Head 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? For the people who work as Bank Operations Head in Malaysia, the average difference between the salary of male and female employees is 8%.

14,400 MYR
13,300 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 / Bank Operations Head / Malaysia

How much are annual salary increments in Malaysia for individuals working as Bank Operations Head? How often do employees get salary raises?

Individuals working as Bank Operations Head in Malaysia are likely to observe a salary increase of approximately 14% every 18 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.

Annual Salary Increment Rate Malaysia Bank Operations Head
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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 / Bank Operations Head / Malaysia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Malaysia Bank Operations Head
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20% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 80% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% 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.

Average Hourly Wage / Bank Operations Head / Malaysia

79 MYR per hour

The average hourly wage (pay per hour) for individuals working as Bank Operations Head in Malaysia is 79 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 as Bank Operations Head in Malaysia is 41 MYR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
AML Analyst10,100 MYR-26%
Assistant Bank Branch Manager8,710 MYR-37%
Assistant Bank Manager11,700 MYR-15%
ATM Manager10,200 MYR-26%
ATM Service Technician2,620 MYR-81%
Bank Accounts Analyst3,860 MYR-72%
Bank Accounts Collector2,400 MYR-83%
Bank Accounts Controller5,100 MYR-63%
Bank Accounts Executive7,050 MYR-49%
Bank Accounts Manager8,430 MYR-39%
Bank Auditing Manager8,700 MYR-37%
Bank Branch Manager11,500 MYR-16%
Bank Branch Operations Coordinator5,040 MYR-63%
Bank Clerk2,230 MYR-84%
Bank Client Service Associate3,320 MYR-76%
Bank Collector2,500 MYR-82%
Bank Compliance Specialist6,300 MYR-54%
Bank Manager14,300 MYR+4%
Bank Operational Risk Manager13,600 MYR-1%
Bank Operations Head13,700 MYR-0%
Bank Operations Officer5,540 MYR-60%
Bank Operations Specialist8,310 MYR-39%
Bank Process Manager7,900 MYR-42%
Bank Product Manager 9,010 MYR-34%
Bank Programme Manager9,500 MYR-31%
Bank Project Manager11,300 MYR-18%
Bank Propositions Manager10,000 MYR-27%
Bank Quantitative Analyst7,230 MYR-47%
Bank Regional Manager14,200 MYR+3%
Bank Regional Risk Officer7,620 MYR-44%
Bank Relationship Manager10,700 MYR-22%
Bank Relationship Officer4,610 MYR-66%
Bank Sustainability Analyst8,230 MYR-40%
Bank Teller2,530 MYR-82%
Banker5,000 MYR-64%
Banking Business Analyst7,440 MYR-46%
Banking Business Development Officer4,510 MYR-67%
Banking Business Planning Executive9,980 MYR-27%
Banking Data Analyst8,700 MYR-37%
Banking Product Manager8,920 MYR-35%
Banking Reference Data Manager8,320 MYR-39%
Banking Regulatory Compliance Officer8,320 MYR-39%
Banking Risk Analyst6,960 MYR-49%
Banking Technical Analyst3,940 MYR-71%
Bankruptcy Coordinator5,100 MYR-63%
Bill and Account Collector2,470 MYR-82%
Blockchain Analyst6,520 MYR-53%
Blockchain Architect7,060 MYR-49%
Blockchain Auditor6,450 MYR-53%
Blockchain Compliance Analyst6,860 MYR-50%
Blockchain Consultant6,700 MYR-51%
Blockchain Trade Facilitator6,110 MYR-55%
Budget Analyst7,400 MYR-46%
Capital Risk Manager13,900 MYR+1%
Cards Marketing Manager9,110 MYR-34%
Cash Management Manager13,000 MYR-5%
Check Processing Manager9,880 MYR-28%
Chief Blockchain Officer8,230 MYR-40%
Commercial Vault Associate7,020 MYR-49%
Corporate Banker5,350 MYR-61%
Corporate Dealer7,900 MYR-42%
Credit Analyst5,870 MYR-57%
Credit and Collections Manager9,500 MYR-31%
Credit Card Fraud Investigator7,510 MYR-45%
Credit Portfolio Manager13,300 MYR-3%
Credit Risk Analyst8,120 MYR-41%
Credit Risk Associate8,070 MYR-41%
Cryptocurrency Accountant4,430 MYR-68%
Cryptocurrency Adviser8,870 MYR-35%
Cryptocurrency Analyst6,850 MYR-50%
Cryptocurrency Compliance Manager8,760 MYR-36%
Cryptocurrency Trader7,310 MYR-47%
Digital Banking Manager9,980 MYR-27%
Digital Currency Analyst6,940 MYR-49%
Direct Bank Sales Representative5,300 MYR-61%
Exchange Control Consultant7,830 MYR-43%
Executive Account Analyst7,490 MYR-45%
Financial Bank Planning Consultant9,680 MYR-29%
Financial Banking Analysis Manager10,600 MYR-23%
Financial Banking Assistant3,540 MYR-74%
Financial Banking Systems Manager10,400 MYR-24%
Foreign Exchange Manager10,400 MYR-24%
Fraud Analyst7,800 MYR-43%
Fraud Detection Associate5,300 MYR-61%
Fraud Detection Manager11,500 MYR-16%
Fraud Detection Supervisor6,590 MYR-52%
Internal Bank Audit Manager13,200 MYR-4%
Internal Bank Auditor7,240 MYR-47%
Internal Private Banker5,090 MYR-63%
International Banking Manager14,300 MYR+4%
Investment Banking Analyst10,800 MYR-21%
Loan Analyst7,180 MYR-48%
Loan Area Manager8,540 MYR-38%
Loan Audit Team Leader8,000 MYR-42%
Loan Branch Manager8,170 MYR-40%
Loan Business Development Officer4,540 MYR-67%
Loan Clerk2,470 MYR-82%
Loan Collection and Recovery Manager8,890 MYR-35%
Loan Collection Manager8,620 MYR-37%
Loan Collector2,500 MYR-82%
Loan Examiner3,100 MYR-77%
Loan Officer2,830 MYR-79%
Loan Processing Manager7,900 MYR-42%
Loan Processor3,400 MYR-75%
Loan Quality Assurance Auditor7,120 MYR-48%
Loan Quality Assurance Manager8,170 MYR-40%
Loan Quality Assurance Representative5,610 MYR-59%
Loan Review Manager7,890 MYR-43%
Loan Team Leader7,270 MYR-47%
Loans Manager9,700 MYR-29%
Mortgage Advisor5,150 MYR-62%
Mortgage Collection Manager8,940 MYR-35%
Mortgage Collector2,330 MYR-83%
Mortgage Credit Analyst3,900 MYR-72%
Mortgage Credit Manager8,450 MYR-38%
Mortgage Development Manager9,020 MYR-34%
Mortgage Document Reviewer3,170 MYR-77%
Mortgage Funding Manager9,690 MYR-29%
Mortgage Operations Manager12,300 MYR-10%
Mortgage Payment Processing Clerk2,800 MYR-80%
Mortgage Processing Manager7,980 MYR-42%
Mortgage Processor3,230 MYR-76%
Mortgage Quality Assurance Auditor7,470 MYR-46%
Mortgage Quality Assurance Manager7,970 MYR-42%
Mortgage Servicing Clerk2,580 MYR-81%
Mortgage Servicing Manager8,420 MYR-39%
Mortgage Underwriter3,070 MYR-78%
Online Banking Manager12,500 MYR-9%
Open Banking Strategist7,300 MYR-47%
Payment Processing Clerk2,630 MYR-81%
Personal Banker5,350 MYR-61%
Personal Banking Advisor 5,510 MYR-60%
Phone Banker3,490 MYR-75%
Private Banker5,510 MYR-60%
Reconciliation and Investigation Specialist5,940 MYR-57%
Tax Officer4,360 MYR-68%
Teller2,580 MYR-81%
Trade Officer3,000 MYR-78%
Trade Product Manager8,860 MYR-35%
Trader3,460 MYR-75%
Treasury Operations Officer6,370 MYR-54%
Wealth Management Advisor10,400 MYR-24%

Salary Comparison By City

CityAverage Salary
Johor Bahru13,900 MYR
Kuala Lumpur15,000 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 for the job title Bank Operations Head in Malaysia?

A good and competitive compensation would range anywhere between 12,500 MYR and 14,200 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 a careers like Bank Operations Head in Malaysia ranges from 7,140 MYR to 10,400 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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