This is more or less my company's (MNC) current salary scale, for graduate positions in all areas, not only finance. But one proviso is that we don't have any finance roles in KL. All the roles that were in KL previously are now in SG. And the fact is that we've never based anyone beyond a Finance Manager 1 in KL. In SG by comparison, we have a couple of Finance Directors and a Senior FD. Our Finance VP for Asia is based in Shanghai with his gang of FDs/SFDs. So far, those of us in SG have managed to resist the pull to SH and retain some significantly sized roles in SG. KL lost out in that battle, basically kena absorbed into SG.

Fresh grad, analyst / accountant / controller - RM3.5
Analyst 1 / Accountant 1 / Controller 1 - RM4.5
Senior Analyst / Accountant / Controller - RM5.5
Senior Analyst 1 / Accountant 1 / Controller 1 - RM7
Asst Finance Manager - RM9
Finance Manager - RM11 + 2 car allowance
Finance Manager 1 - RM13 + 2.5 car allowance
Senior Finance Manager - RM17 + 3 car allowance
Senior Finance Manager 1 - RM21 + 3.5 car allowance
Finance Director - RM26 + 5 car allowance
Senior Finance Director - RM33 + 6.5 car allowance
Global Finance Director / Finance VP - RM44 + 8 car allowance

This post has been edited by seantang: May 2 2012, 12:52 AM

Maybe not.

Watson Wyatt tells us we pay in the top quartile amongst all companies and top 10% within petrochemicals.

Because this is pay scale, not team structure.

Try 50 to 100 billion. My biz unit alone in Asia is 2.5B.

If you think you are, then you are. I always justify my role in terms of... without me, does the business make less profit? Does it earn less revenue? Does it incur more expenses?

If you contribute towards one of those objectives, you are creating value. And then it's a matter of how many times more value do you create vs what you cost.

Then there's the MNCs. In American MNCs especially, finance oversight is accepted as a critical component of doing business. If there is no finance oversight (in a certain market, geography, product line, period of time)... you DO NOT do business in that area. The risks are too great. I am lucky to be a finance person who works in a company like this, where I can override the sales function and stop them from selling if I can show that they are not profitable enough, or the risks (credit/past dues, exchange rate, macroeconomic etc) are too great. And if you sit on the management team, you have a say about other factors as well like strategy (do you want to be in this market in the first place).

This post has been edited by seantang: May 13 2012, 11:24 AM

It's all in RM. Like I already said, it's a salary scale. Even if nobody is currently at that salary level, HR will still have the salary scale.

I don't know why you guys are having so much trouble grasping the concept of a salary scale.

That's the Malaysian pay scale for you. The total package including bonuses compares favorably with packages of C level execs of Malaysian mid to large listed companies. And local benchmarking is what the local pay scale is all about.

Which is why virtually no Malaysian above senior manager level remains as a local Malaysian employee. All are either Singaporean or HK employees or expats.

And above the Global Director level, it's an international executive pay scale.

And by the way, Global Director is just the salary level title for someone who is a 3rd level director. He may not necessarily have a global role. We've got 4 global FDs in Asia. The FD of China, FD of ROA (Rest of Asia), Asia Treasurer and the CFO of the Asian JVs division. And they report to the Asia CFO who should be on the executive scale. They don't publish the pay scales above global director. This is in finance. Including other functions and commercial, we're probably looking at about 30 of these guys in Asia alone.

This post has been edited by seantang: May 14 2012, 01:48 AM

Historically, roughly 15% of the company's population globally is Senior Mgr or above.

This post has been edited by seantang: May 14 2012, 03:31 PM

5 car allowance means RM5K each month. The monthly allowance goes up with salary level.

Normally, mid-late 30s. Those who are fast, early 30s and for these guys, they will usually be identified as future leaders and from SM onwards, their promotions will come very, very fast.