2020 Salary Guide: Banking & Financial Services

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Want to advance your career in Banking & Financial Services?

Here’s what you definitely need to know:

Top Roles in Demand for 2020 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 Title Average Annual Salary (MYR): 4 – 7 yrs’ exp Average Annual Salary (MYR): 8 – 12 yrs’ exp Average Annual Salary (MYR): 12+ yrs’ exp
Treasury Sales 78 – 192k 192 – 360k 360k+
Treasury Trader 78 – 192k 192 – 360k 360k+

 

Front Office – Investment Banking

Job Title Average Annual Salary (MYR): 4 – 7 yrs’ exp Average Annual Salary (MYR): 8 – 12 yrs’ exp Average Annual Salary (MYR): 12+ yrs’ exp
Corporate Finance 84 – 144k 144 – 192k 192k+
Mergers & Acquisitions 84 – 144k 144 – 240k 240k+

 

Front Office – Investment Management

Job Title Average Annual Salary (MYR): 4 – 7 yrs’ exp Average Annual Salary (MYR): 8 – 12 yrs’ exp Average Annual Salary (MYR): 12+ yrs’ exp
Private Equity 108 – 240k 240 – 400k 400k+
Fund Manager 84 – 216k 216 – 400k 400k+
Research Analyst 60 – 180k 180 – 300k 300k+

 

Front Office – Transaction Banking

Job Title Average Annual Salary (MYR): 4 – 7 yrs’ exp Average Annual Salary (MYR): 8 – 12 yrs’ exp Average Annual Salary (MYR): 12+ yrs’ exp
Cash Management 60 – 120k 120 – 240k 240k+
Trade Finance 60 – 120k 120 – 240k 240k+

 

Front Office – Wholesale Banking

Job Title Average Annual Salary (MYR): 4 – 7 yrs’ exp Average Annual Salary (MYR): 8 – 12 yrs’ exp Average Annual Salary (MYR): 12+ yrs’ exp
Corporate Banking (RM) 55 – 120k 120 – 240k 240k+
SME & Commercial Banking (RM) 55 – 108k 108 – 180k 180k+

 

Front Office – Digital Banking

Job Title Average Annual Salary (MYR): 4 – 7 yrs’ exp Average Annual Salary (MYR): 8 – 12 yrs’ exp Average Annual Salary (MYR): 12+ yrs’ exp
Digital Sales 60 – 96k 96 – 168k 168k+
Digital Products 72 – 120k 120 – 240k 240k+

 

Middle & Back Office – Operations

Job Title Average Annual Salary (MYR): 4 – 7 yrs’ exp Average Annual Salary (MYR): 8 – 12 yrs’ exp Average Annual Salary (MYR): 12+ yrs’ exp
Banking Operations 36 – 96k 96 – 144k 144k+
Project/Change Management 72 – 120k 120 – 240k 240k+
Strategy 72 – 120k 120 – 204k 204k+
Customer Experience 60 – 96k 96 – 240k 240k+
Data Analytics 60 – 120k 120 – 240k 240k+

 

Middle & Back Office – Finance

Job Title Average Annual Salary (MYR): 4 – 7 yrs’ exp Average Annual Salary (MYR): 8 – 12 yrs’ exp Average Annual Salary (MYR): 12+ yrs’ exp
Finance & Performance Management 60 – 120k 120 – 180k 180k+
Regulatory Reporting 72 – 90k 90 – 168k 168k+
Capital Balance Sheet Management 72 – 108k 108 – 180k 180k+
Business Finance 60 – 102k 102 – 168k 168k+

 

Middle & Back Office – Insurance

Job Title Average Annual Salary (MYR): 4 – 7 yrs’ exp Average Annual Salary (MYR): 8 – 12 yrs’ exp Average Annual Salary (MYR): 12+ yrs’ exp
Actuarial – Pricing & Valuation 90 – 180k 180 – 264k 264k+
Claims 48 – 102k 102 – 156k 156k+
Underwriting 48 – 102k 102 – 168k 168k+
Product Development 48 – 108k 108 – 180k 180k+

 

Middle & Back Office – Internal Audit

Job Title Average Annual Salary (MYR): 4 – 7 yrs’ exp Average Annual Salary (MYR): 8 – 12 yrs’ exp Average Annual Salary (MYR): 12+ yrs’ exp
Investment Banking/Treasury 84 – 180k 180 – 216k 216k+
Credit Audit 78 – 164k 164 – 226k 226k+
Branch/Corporate Services 76 – 156k 156 – 214k 214k+

 

Middle & Back Office – Risk Management

Job Title Average Annual Salary (MYR): 4 – 7 yrs’ exp Average Annual Salary (MYR): 8 – 12 yrs’ exp Average Annual Salary (MYR): 12+ yrs’ exp
Market Risk 87 – 181k 181 – 249k 249k+
Operations Risk 88 – 174k 174 – 246k 246k+
Credit Risk 88 – 174k 174 – 240k 240k+

 

Middle & Back Office – Compliance

Job Title Average Annual Salary (MYR): 4 – 7 yrs’ exp Average Annual Salary (MYR): 8 – 12 yrs’ exp Average Annual Salary (MYR): 12+ yrs’ exp
Regulatory/Compliance Advisory 102 – 185k 185 – 252k 252k+
Monitoring/Assurance 87 – 150k 150 – 186k 186k+
Project Compliance 102 – 180k 180 – 198k 198k+
AML Policy/Advisory 102 – 185k 185 – 252k 252k+
Transaction Monitoring 87 – 126k 126 – 180k 180k+
KYC 66 – 108k 108 – 156k 156k+

 

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Back to Ultimate Malaysia Salary Guide

Source: Robert Walters

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