If you want to make the greatest wage in this country, you might consider becoming a heart transplant surgeon. Heart transplant surgeons make roughly 29,400 MYR per month on average.
That is more than four times Malaysia’s average monthly wages. You don’t want to be a heart surgeon? The good news is that there are numerous other highest paying jobs in Malaysia, just read on to know all.
Highest Paying Jobs in Malaysia
Now, let’s look at the highest paying jobs in Malaysia:
It is hardly unexpected that CEO roles are among Malaysia’s best-paying jobs. In industries as diverse as Banking & Financial Services, Business Services, Digital & Technology, Engineering & Manufacturing, and Healthcare & Pharmaceutical, the salary of a Chief Executive Officer, Chief Financial Officer, and Chief Operating Officer typically ranges from RM300,000 to RM620,000 per year.
What’s fascinating is that, depending on the sector, a Chief Risk Officer, a Chief Human Resources Officer, a Chief Marketing Officer, and a Chief Procurement Officer can now be among the highest-paid posts in the C-suite, demonstrating the growing importance of these job functions.
Shared services are a vital business partner in the business services sector, allowing organizations to control their operating costs. This is accomplished through contracting out functions like finance, technology, legal, human resources, procurement, and marketing.
Malaysia is an APAC shared services center due to a varied workforce that speaks and writes some of the region’s regularly used languages.
As a result, shared services experts with diverse skills and knowledge will always be in high demand.
The Head of a Shared Services Centre might make an average compensation of RM540,000 per year as a top leader in a successful profession.
Director of Procurement
Procurement professionals are in charge of ensuring that a company has the necessary goods and services.
Procurement departments must control costs, maximize resources, and negotiate supplier contracts while working closely with finance and logistics teams.
They must also be knowledgeable about best practices in corporate social responsibility since more businesses are emphasizing sustainable buying.
A high-level procurement expert, such as a Head of Procurement, General Manager of Procurement, or Procurement Director, might earn between RM300,000 and RM504,000 per year due to the rising complexity of the work.
Director of Medicine
A medical director is a skilled doctor or surgeon who also serves as medical leadership for all things linked to medical treatment in a medical center, earning an average income of RM480,000 per year.
These include quality assurance, clinical peer evaluations, and the development and approval of procedures and policies. They also aid in managing physician relations and clinical patient complaints.
With the levers that the government and healthcare industry have already put in place to enhance medical tourism, this sector is well-positioned for future growth when cross-border travel resumes.
Corporate Banking Manager
Malaysia’s finance industry has held up well during the COVID-19 crisis. As the economy rebounded last year, increasing corporate loan repayment helped banks boost business leverage.
Finance experts working in corporate and commercial banking would be well compensated, with the Head of Corporate Banking earning an annual salary of around RM450,000.
Operations Managing Director
With Malaysia’s engineering and manufacturing businesses booming, organizations will be searching for senior managers who are not just skilled at running a plant or factory, but also capable of recognizing how new technologies may be utilized to produce better outputs and improve efficiencies. A Managing Director of Operations in this industry may expect a salary of RM450,000.
A firm’s sales crew plays a key part in nearly any entity, as they must reach predicted sales targets to guarantee the company stays in the black.
A Head of Sales handling regional or global markets in the Engineering & Manufacturing or Healthcare & Pharmaceutical sectors might earn an annual salary of RM450,000 to RM500,000.
Director of Finance
A sound financial infrastructure is the foundation of any business. Finance Directors are well compensated for their extensive activities and high levels of responsibility.
In industries like Business Services, Digital & Technology, Fast Moving Consumer Goods (FMCG), and Healthcare & Pharmaceutical, they may expect to earn between RM324,000 and RM420,000 per year.
Senior Insurance Executive
Insurance, whether life and health insurance or mortgage and credit insurance, is a significant source of revenue for banks.
This is most likely why, even within the financial services sector, a senior insurance manager may expect to earn an average income of RM390,000 per year.
Director of Engineering
Malaysia’s engineering and manufacturing sectors are thriving, and those with technical knowledge will always be in high demand. As a result, the typical engineering income will be higher than that of many other occupations.
Engineering directors, like other professionals in high management, must have a broad perspective on their field of competence.
They must, however, maintain solid project management abilities as they work closely with their teams to create goals and schedules, plan projects, and stay within budget.
An Engineering Director in Manufacturing might earn between RM336,000 and RM360,000 per year due to the technical competencies and solid leadership skills required for this profession.
The salary range for surgeons and doctors is from 12,500 MYR to 37,700 MYR
Due to how important their jobs are, surgeons are at the top of the list of the highest-paying jobs.
A surgeon’s job is dangerous and requires a lot of knowledge and a long time to learn, which are all important parts of high-paying jobs in Malaysia.
Salary range: between 10,500 and 31,700 MYR
Judges make a lot of money because they have a lot of important responsibilities. Choosing the fates of people is not an easy job, so the high pay is totally fair.
Salary range: between 8,500 and 25,700 MYR
The main reason lawyers make a lot of money is that their clients think they are very valuable. A good lawyer can save you a lot of money, make you a lot of money, or even keep you from dying.
Salary range: between 8,000 and 24,100 MYR
Managing a bank is a very important job that deserves a high salary. This is because a bank manager is in charge of hundreds of millions of dollars in funds and investments, which come with a lot of risks.
Top business leaders
The range of salaries is from 7,500 MYR to 22,600 MYR
The success or failure of an entire organization is mostly up to the CEO. Their huge pay is because of how many people they affect and how dangerous their jobs are.
Those in charge of money
From 7,000 MYR to 21,100 MYR is the range of salaries.
Any job that has to do with managing money will automatically pay well. CFOs are in charge of budgets, spending, costs, and revenue, all of which have a direct effect on how an organization runs.
Dentists who work on teeth
Pay range: between 6,750 MYR and 20,400 MYR
Orthodontists work in a field where people are willing to pay a lot for service. Because of this, they have one of the best-paying jobs.
Professors at a college
Salary range: between 6,000 and 18,100 MYR
College professors have one of the best-paying and most respected jobs. Becoming a professor isn’t easy and takes a lot of hard work, which is why they make so much money.
Pay ranges from 5,000 to 15,100 Malaysian ringgit (MYR).
Pilots go through tough training programs and are responsible for the safety of thousands of people every day. This is probably the only job on this list that has any kind of excitement.
Directors of Marketing
Salary range: between 4,500 and 13,600 MYR
The job of marketing directors is to bring in more money for their companies. They are well paid because they are directly in charge of bringing in new business.
Career Opportunities in Malaysia for Foreign Students
Numerous expatriates and foreign workers are employed throughout Malaysia by multinational corporations.
An employer must submit a permit application to the local government in Malaysia. While acquiring a work visa, they will then offer you multiple Employment Passes or Temporary Employment Passes based on your occupation and skills.
Age and income are the most crucial factors to consider when applying for a work visa. The Malaysian government endeavors to attract and retain bright individuals.
The Residence Pass-Talent (RP-T) is granted to skilled ex-pats as evidence of their work abilities and permits them to reside in Malaysia for ten years. Do you have questions about the highest paying jobs in Malaysia? Please leave a comment below.