Top 10 Highest Paying Jobs in Malaysia – Looking for jobs in 2023 is challenging, considering the uncertain economy after the pandemic and the other factors. Nevertheless, the opportunity to find employment with a good salary is still wide open, especially for those of you who live in Malaysia. According to the World Bank, Malaysia has the third biggest economy, following Indonesia and Thailand in Southeast Asia, and globally, it ranks as the 35th largest economy. This favorable economic position is supported by many diverse jobs. Some even have very high salaries, making them the highest paying jobs there.
With many high paying jobs, Malaysians or those currently living there will have many opportunities to get good and financially stable professions. However, it is important to research those jobs’ responsibilities, salaries and requirements. Do not worry! In this article, kitapunya.net was collected information on Malaysia’s 10 highest paying jobs for you. From health to finance, it’s all included in this article. So, for those curious, let’s check the list below.
1. Surgeon
A specialized medical practitioner known as a surgeon is responsible for assessing and addressing medical conditions that may necessitate a surgical procedure that alters the human body physically. Surgery can be performed to diagnose or cure a disease or injury. During the process, the surgeon takes charge of a team of healthcare professionals comprising doctors and nurses to ensure the operation proceeds without complications.
Becoming a surgeon in Malaysia requires completing a medical degree (MBBS) from a recognized university, which usually takes 5 to 6 years. After that, you must complete a 2-year training and serve as a medical officer for 2 years. During this time, you can apply for a master’s degree in surgery, which usually takes 4 years and includes academic and clinical training. Once you finish your postgraduate qualification, you can register as a specialist surgeon with the National Specialist Register of Malaysia.
In a month, a surgeon can earn an average salary of about RM 24.500 ($5,490) or RM 294.000 ($65,884). Uniquely, if you specialize in a particular type of surgeon, the salary you are likely to earn could be much higher than average. It is no wonder that becoming a surgeon in Malaysia is considered one of the highest paying jobs with a very financially stable salary.
2. Chief Executive Officer (CEO)
The Chief Executive Officer (CEO) is the top executive in a company who oversees all major decisions and manages the company’s resources and operations. This profession also acts as the primary intermediary between the board of directors and the company’s activities and may represent the company publicly.
Becoming a CEO requires diverse skills and qualifications, including formal education, industry-specific knowledge, and leadership abilities. The prerequisites include a relevant bachelor’s or master’s degree, managerial experience, financial management knowledge, relationship-building capacity, and an understanding of personnel management. The requirements may differ based on the organization, sector, and circumstance. It necessitates unyielding determination, boldness, and a humble attitude.
In Malaysia, having a CEO is very prestigious because of the position and the high salary they can get. Depending on the companies, the average monthly wage of a CEO there is about RM 20.000 ($4,481) or about RM 240,000 ($53,783) yearly. That’s a lot of money because the monthly bonuses they get from their company are not included. This profession’s income makes it one of the highest paying jobs in Malaysia.
3. Lawyer
A lawyer is an individual who practices or studies law, specifically as a solicitor, barrister, or attorney. They are primarily responsible for providing legal advice to individuals and representing them in court. Lawyers can act as agents for others by managing and either prosecuting or defending a court action. They apply the law to particular cases by investigating the facts and evidence, reviewing documents, and consulting with clients. Additionally, lawyers are responsible for preparing and filing pleadings in court.
To be a lawyer in Malaysia, you must first fulfill a recognized law qualification. This can be done through a three-year accelerated LLB program or a local university’s five-year undergraduate law degree program. After completing the program, you must pass the Malaysian Bar Exams, including written and oral components. The written exam covers theoretical and practical aspects of the law, while the oral part assesses your ability to present a case persuasively.
Although complex, being a lawyer in Malaysia is highly regarded because of the hefty salary. They can earn approximately RM 17,000 ($3,809) as their average monthly income or RM 204.000 ($45,715) yearly. What makes it different is that a lawyer can earn more money based on the type of cases and clients they handle. No wonder that the income for this profession ranks among the highest paying jobs in Malaysia.
4. Finance Director
The finance director is a senior-level position responsible for managing budgets, forecasting financial trends, analyzing data to allocate resources, determining potential risks, overseeing the finance department, and working with the chief financial officer. In some cases, they are also responsible for formulating and directing financial strategy, establishing accounting and finance policies for the company.
To be qualified for the role of a finance director, you must have expertise in finance and accounting and experience in data analysis and financial forecasting. In addition, knowledge of relevant laws and regulations and an understanding of best practices for long-term financial planning are needed. Therefore, an educational background, at least an MBA or another relevant degree, is required to get hired in this profession.
Finance director is among Malaysia’s highest paying jobs because of its high salary compared to other professions. This job’s monthly salary average is about RM 14,000 ($3,138) or RM 168,000 ($168,000) yearly. Sometimes there are also high monthly bonuses that financial directors get depending on their company. That is the reason why this position is quite coveted in a company.
5. Construction Project Manager
A construction project manager oversees all aspects of a construction project, from conception to completion. This involves working with engineers and architects to develop plans, ensuring compliance with regulations, and communicating with stakeholders. They also have to manage resources to ensure the project is completed on time, within budget, and to the highest quality standards.
Usually, to become a construction project manager, you need a bachelor’s degree in construction management, engineering, architecture, or a related field. In addition to formal education, practical experience in the construction industry is crucial, as is a thorough understanding of construction methods, materials, codes, and regulations. Strong leadership, communication, problem-solving, and organizational skills are essential to succeed in this role.
Construction project management is considered one of Malaysia’s most lucrative professions and one of highest paying jobs. Typically, a construction project manager earns an average monthly salary of around RM 14,000 ($3,138), which equates to an annual income of RM 168,000 ($168,000). However, in addition to their base salary, this job may receive substantial monthly bonuses, depending on the projects that they get.
6. Bank Manager
A bank manager is an executive in charge of a particular branch, managing its operation, administration, marketing, training, lending, and security. In addition, they supervise a team of tellers, product specialists, and other bank officers to ensure that clients receive outstanding service.
Typically, becoming a bank manager requires obtaining a bachelor’s degree in finance, accounting, business administration, or a related field. Prospective bank managers must also possess experience in the banking industry and an in-depth understanding of banking products, services, and operations. Strong leadership, communication, problem-solving, and customer service skills are essential attributes aspiring bank managers must possess.
As one of the top positions in the banking Industry, bank managers have monthly salaries higher than others. They can earn RM 13,000 ($2,914) as their average monthly salary or equal to RM 156.000 ($34,971) annual average wage. Obviously, this number could be higher as the banking industry is vital. No wonder it makes this profession one of Malaysia’s highest paying jobs.
7. Professional Information Technology (IT)
Professionals in the IT field carry out various responsibilities such as testing, constructing, installing, fixing, and managing the hardware and software associated with intricate computer systems. IT professionals work in different fields and positions, including IT technicians, support specialists, quality assurance testers, systems analysts, software developers, network engineers, database administrators, and IT project managers.
A degree in IT or a related field, such as computer science, engineering, or information systems, is needed to work as a professional in IT. They must also have hands-on experience working with various technologies, tools, and software pertinent to their industry or position. Strong analytical, problem-solving, communication, and collaboration abilities are also required.
In the digitalized era, the profession of professional IT is highly needed. That is why the ones who work in this job are also highly rewarded with very good salaries. Malaysia’s average monthly wage is about RM 12,000 ($2,690) or about RM 144.000 ($32,282) annually. Indeed, that number could be higher with the extra bonuses that they will receive per month. That’s why this field is highly demanded and has become one of the highest paying jobs.
8. Marketing Manager
A marketing manager supervises an organization’s marketing department and is responsible for developing and executing marketing campaigns to enhance the company’s brand and generate more revenue. They may collaborate with different industries, mediums, and budgets based on the organization and the market. Additionally, those who work in this job also lead a team and approve the marketing materials.
To qualify for the role of marketing manager, candidates generally require a bachelor’s degree in marketing, business administration, or a related field. You need an education background and several years of marketing experience, ideally in a leadership capacity. Moreover, they must possess excellent organizational, analytical, creative, and communication skills.
In Malaysia, the role of a marketing manager is highly profitable and includes one of the highest paying jobs. The monthly average income of this job is approximately RM 10,000 ($2,240), resulting in an annual income of RM 120.000 ($26,900). That’s a huge number considering this position’s prestige within a company. So, if you meet the requirements above, this job would be perfect for you.
9. Pilots
The role of pilots involves being trained to operate and navigate various aircraft types. They are accountable for identifying the safest flight paths, assessing flight plans and weather conditions, estimating fuel requirements, and checking the functionality of operational systems and navigation equipment. This occupation has applications across different sectors, including business, commercial, recreational, and military.
The requirements to be a pilot in Malaysia depend on the type of license you want to obtain. However, you must receive at least some basic necessities such as a Private Pilot License (PPL), Commercial Pilot License (CPL), and Airline Transport Pilot License (ATPL). The applicants must request approval from the Department of Civil Aviation and enroll in a recognized flying academy or school.
The risk and complex qualifications to get this job make pilots among one of Malaysia’s highest paying jobs. A pilot can earn an average monthly salary of about RM 10.000 ($2,240) or RM 120.000 ($26,900) annually. They may receive higher compensation based on the airline they are employed by. It’s no wonder many youths dream of this job.
10.Tax Specialist
A tax specialist is a professional who specializes in helping individuals and organizations prepare and file taxes. They may also advise on tax planning, compliance and strategy. One who works as a tax specialist can have different roles and titles, such as tax accountant, tax advisor, tax preparer, tax manager, etc.
To become a tax specialist in Malaysia, it is necessary to have a bachelor’s degree in accounting or a related field, as well as a CPA license or a Chartered Tax Practitioner (CTP) qualification from the Chartered Tax Institute of Malaysia (CTIM). Additionally, relevant work experience in tax compliance, advisory or planning, and knowledge of Malaysian tax laws and regulations are essential.
The average monthly salary for this profession is RM 8,500 ($1,905), which translates to an average annual salary of RM 102.000 ($22,870). As the tax is a very important regulation, it is unsurprising that this profession became one of the country’s highest paying jobs. If you have a background and are willing to work in the financial field, this job is one of your best choices.
These are the 10 highest paying jobs in Malaysia in 2023 that are very interesting for you looking for a job. Reviewing this list lets you gain insight into which fields currently offer the most competitive salaries. With the right education, experience, and determination, you can aspire to excel in one of these occupations.
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