2021 Salary Guide: Banking & Financial Services

January 13, 2021

MY Salary Guide Banking Financial Services

Want to advance your career in Banking & Financial Services?

Here’s what you definitely need to know:

Top Roles in Demand for 2021 in Malaysia

This year, these banking & financial services roles are in demand:

  • Digital Banking
  • Strategy, Projects & Transformation
  • Risk & Governance

Malaysia Average Salary: Banking & Finance

This is the average salary in Malaysia for Banking & Finance jobs:

Front Office:

Middle & Back Office:

Front Office – Global Markets

Job TitleAverage Annual Salary (MYR): 4 – 7 yrs’ expAverage Annual Salary (MYR): 8 – 12 yrs’ expAverage Annual Salary (MYR): 12+ yrs’ exp
Treasury Sales78 – 192k192 – 360k360k+
Treasury Trader78 – 192k192 – 360k360k+

Front Office – Investment Banking

Job TitleAverage Annual Salary (MYR): 4 – 7 yrs’ expAverage Annual Salary (MYR): 8 – 12 yrs’ expAverage Annual Salary (MYR): 12+ yrs’ exp
Corporate Finance84 – 144k144 – 192k192k+
Mergers & Acquisitions84 – 144k144 – 240k240k+

Front Office – Investment Management

Job TitleAverage Annual Salary (MYR): 4 – 7 yrs’ expAverage Annual Salary (MYR): 8 – 12 yrs’ expAverage Annual Salary (MYR): 12+ yrs’ exp
Private Equity108 – 240k240 – 400k400k+
Fund Manager84 – 216k216 – 400k400k+
Research Analyst60 – 180k180 – 300k300k+

Front Office – Transaction Banking

Job TitleAverage Annual Salary (MYR): 4 – 7 yrs’ expAverage Annual Salary (MYR): 8 – 12 yrs’ expAverage Annual Salary (MYR): 12+ yrs’ exp
Cash Management60 – 120k120 – 240k240k+
Trade Finance60 – 120k120 – 240k240k+

Front Office – Wholesale Banking

Job TitleAverage Annual Salary (MYR): 4 – 7 yrs’ expAverage Annual Salary (MYR): 8 – 12 yrs’ expAverage Annual Salary (MYR): 12+ yrs’ exp
Corporate Banking (RM)55 – 120k120 – 240k240k+
SME & Commercial Banking (RM)55 – 108k108 – 180k180k+

Front Office – Digital Banking

Job TitleAverage Annual Salary (MYR): 4 – 7 yrs’ expAverage Annual Salary (MYR): 8 – 12 yrs’ expAverage Annual Salary (MYR): 12+ yrs’ exp
Digital Sales60 – 96k96 – 168k168k+
Digital Products72 – 120k120 – 240k240k+

Middle & Back Office – Operations

Job TitleAverage Annual Salary (MYR): 4 – 7 yrs’ expAverage Annual Salary (MYR): 8 – 12 yrs’ expAverage Annual Salary (MYR): 12+ yrs’ exp
Banking Operations36 – 96k96 – 144k144k+
Project/Change Management72 – 120k120 – 240k240k+
Strategy72 – 120k120 – 204k204k+
Customer Experience60 – 96k96 – 240k240k+
Data Analytics60 – 120k120 – 240k240k+

Middle & Back Office – Finance

Job TitleAverage Annual Salary (MYR): 4 – 7 yrs’ expAverage Annual Salary (MYR): 8 – 12 yrs’ expAverage Annual Salary (MYR): 12+ yrs’ exp
Finance & Performance Management60 – 120k120 – 180k180k+
Regulatory Reporting72 – 90k90 – 168k168k+
Capital Balance Sheet Management72 – 108k108 – 180k180k+
Business Finance60 – 102k102 – 168k168k+

Middle & Back Office – Insurance

Job TitleAverage Annual Salary (MYR): 4 – 7 yrs’ expAverage Annual Salary (MYR): 8 – 12 yrs’ expAverage Annual Salary (MYR): 12+ yrs’ exp
Actuarial – Pricing & Valuation90 – 180k180 – 264k264k+
Claims48 – 102k102 – 156k156k+
Underwriting48 – 102k102 – 168k168k+
Product Development48 – 108k108 – 180k180k+

Middle & Back Office – Internal Audit

Job TitleAverage Annual Salary (MYR): 4 – 7 yrs’ expAverage Annual Salary (MYR): 8 – 12 yrs’ expAverage Annual Salary (MYR): 12+ yrs’ exp
Investment Banking/Treasury84 – 180k180 – 216k216k+
Credit Audit78 – 164k164 – 226k226k+
Branch/Corporate Services76 – 156k156 – 214k214k+

Middle & Back Office – Risk Management

Job TitleAverage Annual Salary (MYR): 4 – 7 yrs’ expAverage Annual Salary (MYR): 8 – 12 yrs’ expAverage Annual Salary (MYR): 12+ yrs’ exp
Market Risk87 – 181k181 – 249k249k+
Operations Risk88 – 174k174 – 246k246k+
Credit Risk88 – 174k174 – 240k240k+

Middle & Back Office – Compliance

Job TitleAverage Annual Salary (MYR): 4 – 7 yrs’ expAverage Annual Salary (MYR): 8 – 12 yrs’ expAverage Annual Salary (MYR): 12+ yrs’ exp
Regulatory/Compliance Advisory102 – 185k185 – 252k252k+
Monitoring/Assurance87 – 150k150 – 186k186k+
Project Compliance102 – 180k180 – 198k198k+
AML Policy/Advisory102 – 185k185 – 252k252k+
Transaction Monitoring87 – 126k126 – 180k180k+
KYC66 – 108k108 – 156k156k+

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Back to Ultimate Malaysia Salary Guide

Source: Robert Walters

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