Are you someone who is choosing your major/field of work based on the financial returns when you graduate?
If you are, this is a list that you shall not miss out. This survey has been released since 2014 and shared around the internet but there are still many Malaysian students out there do not have a single clue about the current job market in their own country.
Most of the students are too bogged down by how many A’s they can get in national examinations (PMR/SPM/STPM) and therefore neglect what they have to know before they get their feet wet in the real working world. Even if you are a passion-orientated job seekers, you still have to know a thing or two about putting the bread on the table right?
Regardless of whether you are income-orientated job seekers, at least, have a look at this statistics of the TOP 10 High Salary Jobs in Malaysia before you have decided your major/field of work.
A recent Nielsen survey in 2014 based on the jobseekers in Malaysia showed that when it came to choosing a job, salary is their most important consideration. Candidates who are applying for jobs need to know if the salary for the position matches their expectation. Thanks to a new salary matching feature by JobStreet.com, candidates can now be matched to jobs based on their desired salary. JobStreet.com is the first job site in Southeast Asia to have introduced this.
To further help candidates gauge whether their salaries are competitive in the market JobStreet.com recently did a study to find out the Top 10 Highest Paying Jobs in Malaysia.
The study showed that most jobs in the top 10 list tend to be technical or science based. Candidates at the executive level who specialized in Medical, Engineering, Finance and IT generally earned above the average salary of RM 2,800. As for managerial levels and above, specializations such as IT, Science, and Engineering were compensated better.
The following is the list of jobs with the highest average salaries across all position levels based on the salaries posted by employers on JobStreet.com from January 1 – August 31, 2013.
Fresh graduates can expect to get an average salary of RM2,100 per month. Those in Pharmacy can earn RM3,600 as their starting wage. Executives doing corporate strategy come in second, earning a basic pay of RM3,200. Take note that these are just basic salaries, and do not include any other forms of compensation such as leave credits, medical benefits, insurance and incentives.
On average, fresh graduates earn anywhere between RM1,500 and RM3,600 with the average being RM2,100 across most industries.
Although young doctors can achieve a figure of RM2,700 as a houseman, their salary can quickly increase to about RM3,900 with 3-4 years of experience. Most specializations in the list of Top 10 Highest Paying Jobs for junior level are in the technical field. This includes Process Design& Control, Engineering- Oil/Gas, Aviation, and IT- Software.
On average, junior executives can earn a salary range from RM2,100 to RM3,900, with the average being RM2,800 across all industries.
For senior executives, the engineering sector pays well for employees. Out of the top 10, they take up three slots in the best-paying jobs.
On average, senior executives can earn a salary range from RM3,200 to RM7,500 with the average being RM4,300 across all industries.
Doctors, engineers and managers in the aviation specializations draw the highest pay with doctors earning the highest, with an average salary of RM9,500 per month.
On average, managers can earn a salary range from RM3,900 to RM9,500 with the average being RM6,600 across all industries.
It takes years of experience and expertise before one becomes a senior manager, but all that hard work pays off. Overall, senior managers in specializations such as IT- Hardware, Quality Control/Assurance and Geophysics are the top highest paying job in this position.
On average, senior managers can earn a salary range from RM5,555 to RM18,100 with the average being RM12,800 across all industries.
This survey was originally published here.
Now that you have the numbers and the facts, it is time to get to work.
Of course, no one is stopping you from pursuing careers that are not on this list. You never know, you might be the outlier in the career path that you choose financially. Who knows? You might be the next Malaysian winner of the New York Times Bestseller or Grammy Award.
Just to entertain you a little and for anyone who doesn’t want to go through hardship and time to earn a high salary, you might want to sign up to be the husband or the wife of a CEO (RM5,000 – RM10,000). You just need to be between 25 – 30 years of age & wear a “tudung”. They even posted classified ads in our local newspapers. (as shown in picture above) ?
Share this article with your friends now so that they will be well-informed of the job market out there.