MP MY Salary Guide 2023 Client Report

Malaysia
Salary Guide 2023

Optimising talent strategy in a changing market
About
The Page Insights Salary Guide
is an annual resource that
provides hiring managers and
candidates with salary references
across various industries by job
functions, including Finance,
Technology, Human Resources,
Engineering, Sales and more.
This report serves as a valuable
tool for informed decisions in the
hiring process.
Report
methodology
The figures presented in the Page
Insights Salary Guide are derived
from our proprietary data and
network in Malaysia, including job
advertisements and placements
made in 2022, incorporating
salary projections for 2023.
Page Insights Malaysia Salary Guide 2023 | 2

Contents
Malaysia’s Workforce Outlook 4
For Employers 5
Banking & Financial Services 6
Business Services 10
Engineering & Manufacturing 15
Fast Moving Consumer Goods (FMCG) & Retail 20
Finance & Accounting 24
Healthcare & Life Sciences 27
Technology 32

Malaysia’s
Workforce Outlook
High employee turnover rate Top 5 factors that influence Top 5 reasons for
despite unprecedented uncertainty
brought about by the COVID-19 candidates’ decisions on planned resignations
pandemic. where to work
This impact is evident in our Talent

Trends 2022 survey findings where Salary / bonus / rewards Change career / role / industry
45% of respondents in Malaysia
have worked for not more than two
years in their current roles.
Looking for career
Company Culture & values
progression / promotion
82% of respondents across every
age group, industry, market and
seniority level plan to look for new
career prospects.
Leadership Unhappy with salary
Salary is still the top motivator that

influences candidates’ decisions on
where to work. Unhappy with strategy /
Promotion
direction of company
Companies should consider
reviewing salaries and developing
non-monetary strategies to improve Greater sense of purpose
Company Culture not a fit
talent retention with the overall in role / company
year-on-year inflation rate at 5%.

Employers:
Find out what Employees value
Invest in your Employee Experience

Remuneration aside, a great employee experience attracts top talent and also entices existing hires
to stay engaged and productive. Policies surrounding this should be updated for every stage of an
employee’s life cycle to improve attraction and retention rates.
At the interview stage During onboarding At performance reviews

When candidates receive multiple job An effective onboarding process helps Recognition fosters employee satisfaction
offers, they are more likely to choose the new employees feel connected and and retention, making the workplace more
company that provides a more pleasant supported, especially in hybrid and engaging. It also helps retain employees.
interview experience. remote work settings.
Why candidate experience matters Why an effective onboarding process A culture of employee recognition
and how to do it well is more important than you think contributes to retention
Read more Read more Read more

Banking &
30-50% 30%
25-30%
Average salary
Financial Services increase when
switching jobs
Junior Mid Senior
Hiring trends Compensation &

benefits trends
Banks and FIs are prioritising
automation, digitalisation and
developing data-driven businesses. Annual leave Bonus
20 days High performance bonus,
averaging 3-5 months’ salary,
Many big banks are looking at how sign-on bonuses and increments
they can build sustainable financing for employees that stay on with
into their long-term plans. Healthcare
the company
Insurance coverage (including
hospitalisation) for employees
Digital banks are poised for growth and their dependents
and will require innovative talent Others
to join their workforce. Traditional Higher percentage of EPF, and
financial institutions increasingly loan interest subsidy
recognise the need to incorporate
more digital services to remain
competitive in this new landscape.
Skills in demand Roles in demand
Performance reporting and analysis Fund accountant / FP&A accountant
Risk management Actuarial and pricing for insurance
Actuarial and pricing for insurance Risk management and compliance
Automation and digital transformation Middle and Back office operations

Banking & Financial Services
C-Suite Audit
AVERAGE GROSS SALARY AVERAGE GROSS SALARY
ROLE MONTHLY FOR 12 MONTHS MYR ROLE MONTHLY FOR 12 MONTHS MYR
Chief Risk Officer 800,000 Audit Associate 60,000
Chief Financial Officer 780,000 Senior Audit Associate 72,000
Chief Human Resources Officer 740,000 Audit Manager 144,000
Chief Internal Audit 720,000 Senior Audit Manager 240,000
Chief Compliance Officer 720,000 Head of Internal Audit 360,000
Compliance Legal
AVERAGE GROSS SALARY
Risk ROLE MONTHLY FOR 12 MONTHS MYR
AVERAGE GROSS SALARY Legal Associate 60,000

ROLE MONTHLY FOR 12 MONTHS MYR
Senior Legal Associate 84,000
Risk Manager 144,000
Legal Manager 156,000
Senior Risk Manager 240,000
Senior Legal Manager 240,000
Head of Risk 420,000
Head of Legal 540,000

Human Resources Information Systems (HRIS)

96,000
Finance & Accounting Specialist
AVERAGE GROSS SALARY Employee Relations Specialist 90,000

Compensation & Benefits (C&B) Specialist 120,000
Operations Executive 66,000
Human Resources Business Partner (HRBP) 240,000
Credit Control Manager 108,000
Associate Director Skills Development 180,000
Director Credit Control 240,000
Head of Mobility 180,000
Head of Treasury 264,000
Head of Talent Acquisition 216,000
Head of Financial Reporting 240,000
Head of Learning and Development 216,000
Transaction Banking Lead 217,000
Senior Human Resources Business Partner (HRBP) 300,000
Head of Finance 300,000
Head of Compensation & Benefits (C&B) 300,000
Vice President Finance 250,000
Head of Organisational Development 300,000
Head of Talent Management 300,000
Human Resources
ROLE
Marketing
MONTHLY FOR 12 MONTHS MYR
HR Executive 60,000 ROLE MONTHLY FOR 12 MONTHS MYR
Payroll Specialist 67,000

Events Coordinator 36,000
Mobility Specialist 68,000
Public Relations (PR) / Corporate Communications
264,000
Director
Organisational Development 72,000
Internal Communications Director 264,000
Recruitment Specialist 84,000
Market Research Director 264,000
Learning and Development Specialist 96,000
Head of Marketing 300,000

Procurement Technology
Procurement Executive IT Support Analyst 54,000
Category Manager 133,000 IT Security Engineer 71,000
Regional Procurement Manager 198,000 Application Support Specialist 78,000
Head of Procurement 240,000 Infrastructure Manager 132,000
Procurement Director 300,000 Senior IT Security Manager 240,000
Sales Sustainability
Bancassurance Specialist 96,000 Sustainability Associate 72,000
Branch Manager 120,000 Sustainability Manager 180,000
Relationship Manager (Commercial / Corporate) 145,000 Head of Sustainability 360,000
Senior Corporate Banker 240,000
Relationship Management Director 265,000
Head of Corporate Banking 450,000

Business
25-30%
20-25%
Average salary 20%
Services increase when

switching jobs
Junior Mid Senior

benefits trends
Malaysia’s fintech sector is driving
demand for talent with e-money
and blockchain experience. Annual leave Incentives
16-20 days 1-month contractual bonus
(certain companies), and
Macroeconomic factors will performance bonus
continue to impact businesses
and hiring activities. Increased Healthcare
productivity will be a key focus. Healthcare coverage for employees
and dependents, and dental and Others
optical benefits for employees Higher percentage of EPF
Talent with skill sets related to ESG,
digitalisation and data remain in
high demand.
Working arrangements
Flexible work arrangements
Data analytics / automation Technology and data
Software DevOps Finance and business strategy
Digital transformation Talent management

Business Services
Finance Manager 144,000

C-Suite
Financial Reporting Manager 144,000
ROLE MONTHLY FOR 12 MONTHS MYR Internal Audit Manager 150,000
Commercial Finance Manager 156,000

Chief Operating Officer 480,000
Senior Finance Manager 168,000
Chief Financial Officer 600,000
Tax & Treasury Manager 180,000
Chief Executive Officer 720,000
Treasury Manager 180,000
Business Finance Manager 192,000

Finance & Accounting
Tax Manager 180,000

Finance and Commercial Manager 198,000
Finance Controller 240,000

Accounts Executive 48,000
Head of Accounting 240,000
Accounts Payable / Receivable Executive 48,000
Corporate Finance Controller 264,000
Accountant 78,000
Assistant Commercial Finance Manager 98,000
Head of Internal Audit 300,000
Internal Audit Executive 96,000
Assistant Accounting Manager 96,000
Regional Finance Director 420,000
Accounting Manager 120,000
Collection Manager 120,000
Group Accountant 120,000
Tax Advisor 120,000
Business Controller 144,000

Business Services
Finance - Shared Services Marketing

Record to Report (RTR) Associate 84,000 Assistant Brand Manager 78,000
Procure to Pay (PTP) Manager 200,000 Customer Relationship Management (CRM)

126,000
Manager
Record to Report (RTR) Manager 220,000
Research Manager 144,000
Head of Order to Cash (OTC) 280,000
Public Relations (PR) Manager 144,000
Head of Procure to Pay (PTP) 250,000
Senior Communications Manager 177,000
Senior Research Manager 180,000

Human Resources
ROLE Research Director 320,000

MONTHLY FOR 12 MONTHS MYR
IT Support Analyst 84,000
Recruitment Consultant 78,000
Career Integration & Development Specialist 96,000
Talent Acquisition Manager 132,000
Talent Management Manager 144,000
HR Manager 156,000
Payroll Manager 162,500
General Manager HR 240,000
HR Director 336,000

Business Services
Procurement Sales
Request and Fulfillment Buyer 59,000 Sales Representative 45,000
Request and Fulfillment Senior Buyer (with foreign Technical Sales Engineer 72,000
86,000
language requirement)
Inside Sales Manager 75,000
Spot Buyer 86,000
Business Development Manager 96,000
Spot Buy Manager 180,000
Pre-sales Manager 84,000
Request and Fulfillment Manager 180,000
Key Account Manager 96,000
Head of PTP 318,000
Channel Manager 108,000
Regional Head of Procurement 360,000
Sales and Marketing Manager 114,000
Chief Procurement Officer 480,000
Sales Capability Manager 132,000
National Sales Manager 240,000

Real Estate & Property Country / General Manager Sales 360,000
Head of E-commerce 300,000
Sales and Marketing Director 360,000
Business Development Manager 138,000
Head of Sales and Marketing 300,000
Senior Sales Manager 192,000

Business Services
Supply Chain Legal

Supply Chain Executive 60,000 Legal Associate 60,000
Channel Inventory Planner 81,000 Senior Legal Associate 72,000
Customer Service Manager 120,000 Legal Manager 144,000
Customer Operations Manager 130,000 Senior Legal Manager 240,000
Inventory Control Manager 132,000 Head of Legal 360,000
Order to Cash (OTC) Manager 132,000
Supply and Operations Planner 108,000

Sustainability
Logistics Manager 144,000 AVERAGE GROSS SALARY
ROLE
Supply Chain Manager 144,000 MONTHLY FOR 12 MONTHS MYR
Supply Planning Manager 144,000 Sustainability Associate 72,000
Head of Customer Service Centre 242,000 Sustainability Manager 180,000
Business Unit Director 390,000 Head of Sustainability 360,000

Engineering &
25-30%
20-25%
Average salary 20%
Manufacturing increase when

switching jobs
Junior Mid Senior

benefits trends
Industry 4.0 is leading firms to
focus on digitalisation, which, they
hope, will lead to improved quality Annual leave Incentives
of goods, safety and productivity, 14-18 days 1-month contractual bonus, and
along with addressing labour performance bonus, and sign-on
shortage issues. Demand for bonus or retention bonus
talent with data-related skill sets Healthcare (senior staff)
and knowledge of automation Dental and optical benefits for
is growing. employees, and healthcare coverage
for employees and dependents Others
HSE remains a top priority for Higher percentage of EPF (senior
staff), and fixed allowance
companies, along with a stronger
(senior staff)
focus on the environmental aspect
of the ESG agenda.
Due to labour shortage, companies

are investing in LEAN/Six Sigma
to optimise existing processes,
improve productivity, and LEAN / Six Sigma Automation / robotics / asset
reduce costs. digitalisation engineer
PLC programming
HSE and sustainability manager
Analytical, critical and
problem-solving skills Operations excellence manager

Engineering & Manufacturing
Process Engineering Manager 180,000

Account Management
Head of Research & Development (R&D) 180,000
ROLE MONTHLY FOR 12 MONTHS MYR Senior Engineering Manager 240,000
Senior Project Manager 240,000

Key Account Executive 60,000
Accounts Payable / Receivable Specialist 72,000
Financial Analyst 102,000 Human Resources

Corporate Account Manager 108,000 AVERAGE GROSS SALARY

C-Suite
ROLE MONTHLY FOR 12 MONTHS MYR Head of Organisational Development 205,300
Chief Operating Officer 480,000
Chief Financial Officer / Financial Director 480,000 Marketing

Chief HR Officer / HR Director 480,000 AVERAGE GROSS SALARY

Chief Executive Officer 660,000
Product Manager 120,000
Marketing Manager 180,000

Engineering
Marketing Director 300,000
Engineering Manager 180,000
Product Stewardship Manager 180,000

Operations Procurement
Maintenance Engineer 96,000 Purchasing Manager 144,000
Technical Trainer 120,000 Sourcing Manager 144,000
Maintenance Manager 180,000 Senior Procurement Manager 180,000
Environment, Health & Safety (EHS) Manager 180,000 Country Procurement Head 240,000
Operations Manager 180,000 General Manager of Procurement 300,000
Continuous Improvement (CI) Manager 198,000
Operational Excellence Manager 198,000

Quality & Testing
Head of Operations 330,000 AVERAGE GROSS SALARY
ROLE
General Manager 360,000 MONTHLY FOR 12 MONTHS MYR
Managing Director 450,000 Quality Manager 180,000
Senior Test Manager 260,000

Sales Supply Chain Management

Sales Executive 54,000 Systems Analyst 68,000
Sales Engineer 72,000 Senior Systems Consultant 70,000
Technical Sales Engineer 90,000 Supply Chain Executive 72,000
Sales Manager 132,000 Data Analyst 78,000
Senior Sales Manager 180,000 Senior Supply Planner 94,000
Country Sales Manager 240,000 Support Operations Manager 120,000
Senior Business Manager 240,000 Business Intelligence (BI) Analyst 138,000
Sales Director 360,000 Supply Chain Manager 150,000
General Manager Sales 390,000 Supply Chain Leader 180,000
Head of International Markets 450,000 Supply Chain Director 300,000

Technology
Systems Specialist 121,000
IT Operations Lead 130,000
Data Governance Manager 135,000
IT Enterprise Architect 143,000
IT Business Engagement Manager 155,000
Senior Enterprise Resource Planning (ERP)

157,000
Consultant
Senior IT Program Manager 165,000
Sustainability
Sustainability Associate 72,000
Sustainability Manager 180,000
Head of Sustainability 240,000

Fast Moving Consumer
25-30%
20-25%
Average salary 15-20%
Goods (FMCG) & Retail increase when
switching jobs
Junior Mid Senior

benefits trends
Combining omnichannel marketing
with activation experiences is key
to mapping the online-to-offline Annual leave Incentives
consumer journey. 20 days Companies are offering higher
basic salaries and sign-on
bonuses to remain competitive.
Demand is high for candidates
who are quick to adapt to changing Healthcare
consumer behaviours, and have Healthcare coverage for
strong decision-making skills employees and their dependents Others
that are based on data, insights Employer contributes higher EPF
and trends. than statutory rate
Strong demand for sales candidates

with commercial experience in high-
growth channels. Skills in demand Roles in demand
Digital Key account manager
E-commerce Marketing manager
Key account management Retail marketing manager

Fast Moving Consumer Goods (FMCG) & Retail
Engineering & Manufacturing Marketing & Communications

Senior Project Engineer 108,000 Graphic Designer 40,000
Supplier Quality Assurance (QA) Specialist 120,000 Customer Relationship Management (CRM) Analyst 78,000
Regional Project Commercialisation Manager 156,000 Customer Relationship Management (CRM)

120,000
Manager
Plant Manager 270,000
Corporate Affairs Manager 120,000
Factory Manager 270,000
Communications Manager 120,000
Managing Director 600,000
Head of Communications 180,000
Digital Marketing Manager 120,000

Human Resources Media Manager 108,000
Senior Brand Executive 66,000
Assistant Brand Manager 84,000
Regional HR Manager 216,000
Brand Manager 108,000
Deputy Director HR 335,000
Senior Brand Manager 168,000
Marketing Manager 264,000

General Manager Sales 480,000

Sales
ROLE MONTHLY FOR 12 MONTHS MYR Procurement & Supply Chain

Trade Marketing Executive 54,000 AVERAGE GROSS SALARY

Key Account Executive 60,000
Procurement Executive / Buyer 53,000
Area Sales Executive 60,000
Supply Planning Executive 60,000
Store Manager 78,000
Senior Buyer 76,000
Retail Manager 120,000
Associate Demand Planning Manager 110,000
Distribution Manager 120,000
Call Centre Manager 132,000
E-commerce Manager 180,000
Inventory Control Manager 132,000
Regional Sales Manager 150,000
Supply Planning Manager 132,000
Export Sales Manager 162,000
Procurement Manager / Category Manager 150,000
Group Key Account Manager 180,000
Regional Logistics Manager 180,000
Trade Marketing Manager 156,000
Supply Chain Manager 180,000
Country Sales Manager 360,000
Senior Logistics Operations Manager 186,000
Head of Business Development 270,000
Regional Supply Chain Manager 200,000
Head of Trade Marketing 300,000
Senior Supply Chain Manager 205,000
Retail Director 300,000
Procurement Director 486,000
Head of International Sales 360,000
Sales Director 460,000
Commercial Director 390,000
Regional Key Account Manager (Non-domestic) 420,000

Services Operations Lead Manager 198,000

Technology
Operations Manager 200,000
ROLE MONTHLY FOR 12 MONTHS MYR Senior Product Authority 228,000
Data Warehouse Architect 264,000

Procurement IT Support 48,000
Information Technology Director 330,000
Enterprise Resource Planning (ERP) Support Analyst 58,000
Director Shared Services Centre, Technology 340,000
Global Service Desk Analyst 62,000
Automation Developer 81,000
Technical Writer 85,000
Regional Business Analyst 93,000
Business Intelligence (BI) Analyst 96,000
Technical Authority 107,000
Contract Manager 108,000
Senior Analyst 108,000
Technical Subject Matter Expert (SME) 111,000
Senior IT System Analyst 112,000
Risk & Controls Service Manager 115,000
Business System Analyst Lead 128,000
Regional Infrastructure Manager 145,000
Lead Application / Enterprise Architect 157,000
Enterprise Services Lead 168,000
Global Project Manager 195,000
Project Manager 198,000

Finance &
Accounting
25-30%
20-25%
Hiring trends Average salary 20%
increase when
Candidates with advanced analytics
skill sets are in demand. switching jobs
Junior Mid Senior
Talent with strong stakeholder
management and communication
skills, as well as the ability to
work cross-department with Skills in demand Roles in demand
good influencing skills are highly
sought after. Familiarity with budgeting, Finance business partner
forecasting and reporting tools
Candidates who demonstrate FP&A analyst / costing analyst
extensive and up-to-date Data analytics and critical thinking
knowledge of security and Financial controllership
compliance matters will Relationship-building and communication
have an advantage.
Top Hiring industries
Financial institutions and fintech firms
Manufacturing and heavy industry
GLCs / PLCs / Conglomerates

Head of Order to Cash (OTC) 280,000

C-Suite
ROLE MONTHLY FOR 12 MONTHS MYR Financial Services

Chief Financial Officer 600,000 AVERAGE GROSS SALARY
Operations Executive 66,000

Business Services
Insurance Advisor 84,000
ROLE MONTHLY FOR 12 MONTHS MYR Credit Control Manager 108,000
Credit Control Director 132,000

Accounts Payable / Receivable Manager 84,000
Credit Controller 90,000
Transaction Banking Lead 217,000
Assistant Finance Manager 96,000
Head of Financial Reporting 240,000
Vice President Finance 360,000
Senior Insurance Manager 390,000

Shared Services
Record to Report (RTR) Team Lead 180,000
Procure to Pay (PTP) Manager 200,000
Record to Report (RTR) Manager 220,000
Head of Procure to Pay (PTP) 250,000

Healthcare & Pharmaceutical Technology

ROLE MONTHLY FOR 12 MONTHS MYR Role MONTHLY FOR 12 MONTHS MYR
Internal Audit Executive 99,000 Accounts Payable / Receivable Specialist 48,000
Finance Business Partner 180,000 Internal Audit Executive 60,000
Tax and Treasury Manager 180,000 Financial Control and Compliance Specialist 81,000
Tax Manager 192,000 Financial Analyst 84,000
Corporate Finance Controller 249,000 Financial Planning & Analysis (FP&A) Specialist 84,000
Head of Internal Audit 300,000 Business Analyst 96,000
Assistant Commercial Finance Manager 98,000
Accountant 108,000
Collection Manager 120,000
Group Accountant 120,000
Internal Audit Manager 144,000
Tax Manager 144,000
Financial Controller 240,000
Corporate Financial Controller 249,000
Finance Director 360,000

Healthcare &
25-30%
Average salary 20% 20-25%
Life Sciences increase when

switching jobs
Junior Mid Senior

benefits trends
Digital transformation and M&A
activities are causing redundancies
at all levels, including senior Annual leave Incentives
commercial positions. 15-18 days Flexi-cash benefits
Medical device companies are

looking to hire local talent for SEA Healthcare Others
Healthcare, dental and Higher percentage of EPF
and APAC sales roles due to their
linguistic abilities. optical coverage for employees
and dependents
Clinical research candidates

with regional experience are
highly sought after not only by
CROs but pharma and medtech Skills in demand Roles in demand
companies too.
P&L / Business transformation Medical affairs
Clinical support / distributor management Technical sales specialist / manager
Clinical research Clinical manager

Healthcare & Life Sciences
C-Suite Finance
Chief Operations Officer 480,000 Accounts Executive 48,000
Chief Human Resources Officer 480,000 Accounts Payable / Receivable Specialist 48,000
Chief Financial Officer 480,000 Accounts Payable / Receivable Manager 96,000
Chief Executive Officer 840,000 Accountant 84,000
Head of Accounting 240,000

AVERAGE GROSS SALARY Senior Costing Analyst 120,000
ROLE MONTHLY FOR 12 MONTHS MYR Assistant Finance Manager 96,000
Quality Manager 108,000 Finance Manager 144,000
Research & Development (R&D) Manager 150,000 Senior Finance Manager 180,000
Technical Director 325,000 Commercial Finance Manager 168,000
Engineering Director 360,000 Business Finance Manager 192,000
Finance and Commercial Manager 216,000
Finance Director 384,000
Regional Finance Director 480,000
Business Controller 180,000
Finance Controller 240,000

Finance Analyst 84,000

Human Resources
Business Analyst 102,000
Financial Planning & Analysis (FP&A) Specialist 144,000 ROLE MONTHLY FOR 12 MONTHS MYR
Financial Planning & Analysis (FP&A) Manager 180,000

HR Executive 62,000
Internal Audit Executive 99,000
Organisational Development Specialist 84,000
Internal Audit Manager 150,000
Payroll Specialist 66,000
Mobility Specialist 68,000
Tax Advisor 120,000
Recruitment Specialist 78,000
Tax Manager 192,000
Employee Relations Specialist 84,000
Tax and Treasury Manager 192,000
Learning and Development Specialist 85,000
Finance Business Partner 192,000
Human Resources Information System (HRIS)
96,000
Specialist
Compensation & Benefits (C&B) Specialist 144,000
Head of Talent Acquisition 200,000
Head of Learning and Development 200,000
Head of Organisational Development 240,000
Head of Talent Management 260,000

Life Sciences Risk & Compliance

Clinical Research Associate 96,000 Compliance Executive 48,000
Senior Compliance Executive 84,000
Compliance Manager 120,000

Procurement & Supply Chain
AVERAGE GROSS SALARY Risk, Governance & Compliance Executive 144,000
ROLE MONTHLY FOR 12 MONTHS MYR Senior Compliance Manager 180,000
Procurement Manager / Category Manager 144,000 Head of Compliance 240,000
Regional Procurement Manager / Regional

210,000
Category Manager
Senior Procurement Manager 240,000

Sales
Head of Procurement 300,000
Procurement Director 480,000
Sales Executive 63,000
Sales Manager 120,000
General Manager Sales 350,000
Sales and Marketing Director 360,000
Head of Country Sales 450,000
Head of Regional Sales 500,000

Technology
Desktop Support Engineer 52,000
Sustainability
Sustainability Associate 72,000
Sustainability Manager 180,000
Head of Sustainability 240,000

28-30%
Technology Average salary

increase when
switching jobs
Junior

benefits trends
Interest in a cashless future is
driving demand for talent with a
digital banking and e-payment Others
background. More unusual rewards in the
form of RSU, wellness allowance,
cryptocurrency, and more
Skills in demand Roles in demand Top Hiring industries
Payments Data analyst Manufacturing
MySQL Software developer Life sciences
Automation Front End developer Media and agency

Technology
C-Suite Sales
Chief Technology Officer 660,000 Sales Manager 120,000
Chief Financial Officer 600,000 Project Sales Manager 174,000
Commercial Manager 225,000
Accounting & Finance

AVERAGE GROSS SALARY Supply Chain

Accounts Executive 48,000
Accounts Payable / Receivable Specialist 48,000 IT Support Officer 76,000
Business Analyst 96,000 Support Analyst 82,000
Assistant Commercial Finance Manager 98,000 IT Security Engineer 103,000
Senior IT Security Specialist 115,000
Systems Analyst 121,000

Marketing
AVERAGE GROSS SALARY Pre-sales Engineer 135,000
ROLE MONTHLY FOR 12 MONTHS MYR Warehouse Manager 144,000
Product Manager 120,000 Software Developer 156,000
Marketing Manager 180,000 Data Warehouse Architect 240,000
Head of Procurement 300,000

Michael Page International (Malaysia) Sdn Bhd
Level 27, Integra Tower, The Intermark,
348 Jalan Tun Razak
50400 Kuala Lumpur, Federal Territory
Malaysia
T +60 3 2302 4000 | F +60 3 2302 4001
enquiries@michaelpage.com.my
www.michaelpage.com.my

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Malaysia

Salary Guide 2023

Page Insights Malaysia Salary Guide 2023 | 2

Page Insights Malaysia Salary Guide 2023 | 3

This impact is evident in our Talent

Salary is still the top motivator that

Page Insights Malaysia Salary Guide 2023 | 4

Invest in your Employee Experience

At the interview stage During onboarding At performance reviews

Read more Read more Read more

Page Insights Malaysia Salary Guide 2023 | 5

Hiring trends Compensation &

Performance reporting and analysis Fund accountant / FP&A accountant

Risk management Actuarial and pricing for insurance

Actuarial and pricing for insurance Risk management and compliance

Automation and digital transformation Middle and Back office operations

Page Insights Malaysia Salary Guide 2023 | 6

Chief Risk Officer 800,000 Audit Associate 60,000

Chief Financial Officer 780,000 Senior Audit Associate 72,000

Chief Human Resources Officer 740,000 Audit Manager 144,000

Chief Internal Audit 720,000 Senior Audit Manager 240,000

Chief Compliance Officer 720,000 Head of Internal Audit 360,000

Risk ROLE MONTHLY FOR 12 MONTHS MYR

AVERAGE GROSS SALARY Legal Associate 60,000

Page Insights Malaysia Salary Guide 2023 | 7

Human Resources Information Systems (HRIS)

AVERAGE GROSS SALARY Employee Relations Specialist 90,000

Head of Talent Management 300,000

HR Executive 60,000 ROLE MONTHLY FOR 12 MONTHS MYR

Payroll Specialist 67,000

Page Insights Malaysia Salary Guide 2023 | 8

Procurement Executive IT Support Analyst 54,000

Category Manager 133,000 IT Security Engineer 71,000

Regional Procurement Manager 198,000 Application Support Specialist 78,000

Head of Procurement 240,000 Infrastructure Manager 132,000

Procurement Director 300,000 Senior IT Security Manager 240,000

Bancassurance Specialist 96,000 Sustainability Associate 72,000

Branch Manager 120,000 Sustainability Manager 180,000

Relationship Manager (Commercial / Corporate) 145,000 Head of Sustainability 360,000

Senior Corporate Banker 240,000

Relationship Management Director 265,000

Head of Corporate Banking 450,000

Page Insights Malaysia Salary Guide 2023 | 9

Services increase when

Hiring trends Compensation &

Skills in demand Roles in demand

Data analytics / automation Technology and data

Software DevOps Finance and business strategy

Digital transformation Talent management

Page Insights Malaysia Salary Guide 2023 | 10

Finance Manager 144,000

ROLE MONTHLY FOR 12 MONTHS MYR Internal Audit Manager 150,000

Commercial Finance Manager 156,000

Business Finance Manager 192,000

ROLE MONTHLY FOR 12 MONTHS MYR

Finance Controller 240,000

Collection Manager 120,000

Group Accountant 120,000

Tax Advisor 120,000

Business Controller 144,000

Page Insights Malaysia Salary Guide 2023 | 11

Finance - Shared Services Marketing

Record to Report (RTR) Associate 84,000 Assistant Brand Manager 78,000