Given my previous occupation and current businesses, I get to see people's payslips everyday. Sometimes I meet three or four clients in a day, all of whom are seeking mortgages, ASB Financing, PL, for all sorts of purposes including buying their houses, refinancing them for cash, investments, emergency funds, standby capital, etc.

When applying for these facilities, they have to attach their income statements and for those who are new at their employment, their LO which would spell out their exact remunerations.

Here are the list of surprisingly high income for those in the first 10 years of their careers. If you get into these lines, you would be set for a while until you decide your own path through your mid 30s. The list in not in order nor is it exhaustive:

1. Pilots

a) In their mid to late 20s they easily beat everyone else in the list. They have the flexibility of setting their own hours, and their pay is largely supplemented by their allowances. I know of a least-dedicated (redacted) pilot that I have seen, as he prefers running his side businesses (trading, maintenance/servicing, self-service laundry, etc.) over flying. He made use of his high-paying job to generate capital that he would in turn pump into his business. This rather under-dedicated pilot was clearing RM20,000 a month doing the bare minimum flying hours as required by his company.

b) Another young pilot in his early 20s from (redacted) was earning about 10k busting his ass, but I am sure he will eventually get to the RM40k mark as what I have seen a few (redacted) commanders in their late 30s are bringing back home.

c) I remember a (redacted) captain in his early 40s that was also making RM40k, but he seemed very busy with flights all over the world.

2. Upstream oil-and-gas, first-tier

a) I was informed and this was corroborated by a few executives about the three-tier systems, not unlike a caste, on the pay and responsibilities of upstream O&G employees. For those who have been following me would be familiar with this kid who graduated from UiTM with a degree in EE, who got a job in an O&G company before he even completed his degree. His first job right out of college would net him RM5,000, born in 1997, he would start his job next year at the age of 23.



b) There is another geophysicist who was 35 when I met him for his financing application. He was earning RM20,000, having already worked in recognized O&G companies like (redacted), (redacted), and some companies in the UK.

c) There is another executive that I know of that got posted to Vietnam to oversee some fields development a few years ago, he was 29 and was being paid USD7,000, with all other expenses paid

3. IT, MNC companies

a) I have had the pleasure of meeting a number of IT executives working in shared-services (support) based in (redacted). These people are being paid handsomely, perhaps scaled according to USD as they are supporting their centers located globally. At 28, an IT-support (of sorts) executive was earning RM9,000 gross

b) (redacted), (redacted), (redacted) and other IT/business consultancy firm executives are also making big bucks, with their fresh/young executives earning more than RM5,000 right off college and would comfortably climb the ladder going forward

4. Auditors (managers)

Admittedly, I have only met a handful of them, but given that their ACCA may be completed in three, if not two years time, they tend to start working as auditors at a very young age, especially compared to their peers from other industries. By their mid to late 20s, if they persist working as a junior auditor from early mornings to late nights, they may end up being a manager overseeing their other young auditors. Pay starts at RM10,000 with all allowances and benefits included

5. Actuarist

a) I have only met like ten of them throughout my career. The one I met most recently was 29 this year, his gross pay was RM18,000

b) His spouse, also in the same industry albeit perhaps a different capacity was making RM8,000.

c) Another fellow that I helped with was called into working in HK that he had to cancel his property purchase in Malaysia. He was in his early 30s a few years ago, but was already making more than RM20,000 while working here. He would have made more than that in HK.

All three are/were working for insurance companies

---

All of the comments above were plucked from the back of my head, without much, if any data analysis. They are simply a recollection of a group of people whom I noticed and remember due to their above-average income given their age.

Before you guys ask: In general, very few people make more than RM20,000 a month. And for those who do, never seem to be active posters on this forum - perhaps they are busy sorting and going through their life. While they may have initially found me here, they are generally silent readers who would get in touch with me directly through PM or Whatsap. However, keep in mind that my sample is not random as they are simply a collection of my clients that thought I was good enough to help them with their financial needs. There may be others who earn a lot but I was not lucky enough to work with them on their finances.

Further selected contributions from across the thread:



This post has been edited by wild_card_my: Dec 27 2019, 06:31 PM

Not sure if any employers would be happy that you're revealing some almost exact figures here. Not to mention what kind of company, such as the shared services IT guys you mentioned.

It is not illegal to discuss your income with your peers. Only the employers have something to lose when the employees discuss their pay and any discrepancies. There have been plenty of examples where employers had to pay fair wages to their employees who found that were short-changed

I really hope Malaysians who continuously complain about low-pay would fight for their rights. You should not be afraid of your employees.


This post has been edited by wild_card_my: Dec 27 2019, 05:21 AM

Just wondering do you have any figures for salesperson in medical line average?

Dont u have like client confidential clause or something?

What about your own profile?

No farmer? maybe i'm in different social circles but i've met quite numbers of farmers who earn 5 digits per month. half of them above 20k.

they rarely meet you meh?

kesian to malaysians.
most are b40 and m40 .

The top 2 in your list are hazard pay. Not many people seem to understand that you’re risking your life, hence the higher salary. These kind of jobs only look glamorous when you’re young.

farmers are considered self employed, and many self employed easily make over 5 digits per month since it is purely based on their effort and capital, and not depending on being employed and hence subject to market rate.

lucky malaysian income are geography base.
if live in klang valley. highest household income in malaysia.

and being taxed the most since tax is not geography based

Audit managers yes but die faster ya

this don't feel right sharing pc stuff to public. not professional of you.

Pandai tak employers making us fight each other about salary when actually we ourselves can ask the employer if we are paid differently from our peers.

i see. So TS lists is meant for employees. Ok then.
But still, i'm looking for figure instead of terminology that TS give "very few earn 20k".

meaning who buy house 500k or above .
eat telur dadar always because not much money left

bini aku salesgirl property kat cyberjaya.

so apa yg wildcard cakap ni aku dah tau lama dah.

tapi kalau tanya aku, aku tak minat kerja gaji besar ni. sebab kebanyakannya takde masa dan selalu kena outstation.

biar gaji sederhana, asalkan hidup bebas tanpa bebanan mental dan kekangan masa.

Those are the overachievers. How about data for average folks and underachiever?

As long as its a general statement with no way to pinpoint identify the individual he's referring to, its safe.

By ts exp, do you think timmy earning more than 20k?

I hope this question also answer others.

I tot sales also not bad ma. Their commission could be pretty good

Thanks TS for sharing.
Seems like pilot is the best for youngster. High pay, can get to travel, get to piap piap.
The rest although earn big bucks but more like nerd nerd type.

Actually I'm curious on how much a GP earn. Last time mak bapak ask to belajar doktor, lawyer but never mention about pilot

U no businessman client?

Ooo u highlight lawyer. I always wonder junior lawyer earning

I agree with you. I was underpaid for a few years though I was delivering new contracts worth 10-15 million yearly to the company. Offered by competitor to join them at 30% more and only finally my company counter offer me 75% more. Decided to stay

No corporate/investment bankers meh?

Actuarial staff normally enjoy higher pay than other staff in insurance industry but it is mainly due to the longer hours they need to work. There are shortage of experienced actuarial people in the industry and it is not only in Malaysia. My previous company lost nearly 1/2 of their actuarial staff to Singapore. The highest position in actuarial should be the Appointed Actuary. It is not an easy position to achieve and you'll even need Bank Negara approval. Normally, the AA future in insurance companies are very bright as they will be groomed to be CEOs.

Audit Managers is another position where you need to sacrifice long hours. Everybody knows when most graduate starts, their beginning pay is nothing to shout about. Not many people can stand the long hours and most will jump to commercial firms before they reach managerial level. However, if they can bear with the long hours, promotion is usually quite fast. Of course if you have experience in big 4, your reputation will be much better compared to smaller firms.

Ok thanks TS.

I want to know how much TS is making.

Double posta co too excited seeing celery thread

This post has been edited by arsenwagon: Dec 27 2019, 08:25 AM

Salute u for creating such a long but informative post at 5am

Before you guys ask: In general, [b]very few people make more than RM20,000 a month. And for those who do, never seem to be active posters on this forum [/B]

u dun lie la...
90% people here in K/ make 20k and above
only me and few other sohai here dun have 20k

ur study and info is incorrect

employers, you mean?

the problem is this - if you're in a chinaman company, you might have a chance to voice out,
since they just give you salary based on 'feeling' (normally).

but if you're working in a company with 'proper' HR systematics - the salary is often compared to
other companies (similar functions of course) and the HR effing systematics always state lower salary
compared to your own expectations.

that's why most people jump around to get a good bargaining power for a better salary option.

one more thing - in a 'proper' company setting, it is often also not the manager's say to give XX salary to
the employee, although favouritism and racism plays some role in determining if employee A is able to
get higher salary than employee B, vice versa.

Normally auditors or actuaries higher?

Currently an actuary in a small company, see your actuarial client salary, really feel I am on the lower side of the market, I am just at around 13k salary (29M). Can I know the 18k salary is at what employment level?

https://www.kellyservices.com.my/media/kell...e%202019_LR.PDF

26 still can masuk OnG not, now working as BA for HCM software company

The lucky ones
Right place right time right people

Fellow + desperate firm looking for manager-level actuary + industry shortage (could be general pricing) = profit

Yes, ini betul. Whatever oer inflated figure in salary thread is not what it is. Ada some ppl do make 20k, but for all those 20k ppl to make in in ONE singular /k. Coincidence ada tinggi.

Hazard and sacrifices the person have to make. Not just risking your life but many things that you would miss out when you are away.

Mentally have to be very strong.

/k standard is 20k

doctors with critical allowance rm750 dont even make into the list?

Outlier bro... U keep quoting jobs that only a handful can get. Where got so many audit partner position?

property negotiator? can earn 5 figures also what

This post has been edited by annoymous1234: Dec 27 2019, 09:16 AM

All i can said is FML

i cri evrytim

Problem is, some of these jobs are a generalization and would not happen to everyone. E.g., a lot of local companies offers IT position with much lower pay. It's not easy to be a Commercial airlines pilot, many are working for logistics companies but with lower pay (I have a friend doing that).

Please don't just jump the bandwagon like those who dropped out of high school because they heard Bill Gates did it, without realizing Gates dropped out of Harvard.

In jobs and career thread every one is sharing their income, position, company, years of experience.

Bersyukur lah nak

When you earn 18k you will jealous people who earn 25k

Aiyo... so far, TS only met those ppls. The info is limited... pls don’t compare TS data vs others. TS is kind to share what he know....

From what I know, a lot of ppls I met in IT, medical and actuarial r earning between Rm 10-30k per month.

This post has been edited by goldrush: Dec 27 2019, 09:59 AM

TS, stop leaking our secrets. i kenot morning kopi later

Some ppl no working still earning 10k ++++ /month....
They just enjoy life...
Daddy Kasi...

TS, and your mother is a woman, and surprisingly we all knew that, huh?

This post has been edited by msacras: Dec 27 2019, 10:11 AM

Global IT support Yes is 9k. But need to work night shift and contract with global center normally is 3-5 years.
Alot of them get retrence at age 30++. Job security is not there. Not shift IT position paid is much lower

Not trying to brag or anything but I personally know a few Fund Managers in their late 20s who are making a huge sum of money with one of the local asset managers in Singapore.

Was a bank sales exec for almost 6 years and get to see thousands of payslip application from many walks of life.

What ts review here is sport on pretty similar to what i encounter as well. IT, despite many ketard IT saying they are paid less, is making above aberage figure compared to other industries.

The top 2 in my list based on sampling application is the same as TS:

1. Pilot
2. OffshoreO&G

O&G Upstream is a really good stepping stone

Even with just a diploma straight earning rm6k

Stay there for 5-10 years then move to something else less risky

hey long time since I've seen you around. How are you ?

Still holding your cryptos ?

Still working at Bank?

Nope. Quit not long after as my career was a dead end job. Not much career progression and the salary+commission is stuck around the same level for years.

I ventured to different fields, real estate, building management & maintenance, even broadband reseller but now just content doing my own small business with a few workers runninng the day to day operation.

so means a majority in K all earning below 10K so 20K myth is not true after all

damn, I was out for uni only for a year. Now earning 3.4k basic with 450 in allowances, and I thought my pay was above average. Penang area, as 'IT junior consultant' aka Software Dev

my company does have good benefits and friendly environment though, with 13th month salary and almost guaranteed 1-2 month bonus every year, 16 days of leave and 12 hours worth of timeoff per year.

unlike my first job out of uni.

This post has been edited by MKCL: Dec 27 2019, 11:09 AM

To be more exact, those who complaint about low pay should work hard for higher pay. Your statement will only creates many entitled one to demand higher pay. Should remember even for the same job, the pay would be different between peers and between companies.

Granted there are some who are short changed, but those are in the minorities. And yes, for those who are short changed, they do deserved to be paid accordingly.

Like there's a lot of pilots in msia..

I don't have pilot friend

You in Aoen Credit?

How about those in GLC, LHDN? Bring home good pay?

TS mind sharing a pay analysis for engineers in Malaysia? The typical mechanical, manufacturing, design, electrical engineers.

Theres an often misinformation or least misunderstanding that folks have with pay, that think that all degrees are the same and all jobs are the same

Like folks say "work bank dead end", that only applies to some departments in banking. Similar to Insurance, if you are an agent its a tough job.

This applies to all forms of industry, medical engineering for example is a shit job, low pay high unemployment, with the rare exceptions getting the fun stuff, you might as well be a musician.

Then theres also a mistake people make with wages and economics in general, people only pay for the best, so often only the top 10-20% gets the best jobs, 40-30% is paid normally, then the last 50% is under paid (cause normally under perform)

so the data always comes out as, the MAJORITY doesnt earn well, cause you have a 50% below average performance all the time.

Decent

But working in epf is like the next best thing after gomen if ur into that kinda stability thing.. Even a front desk clerk earn above 3.5k....and for epf the employer portion will pay u much more than the standard 13%....so ur epf amount will grow big quite fast....

In general, engineers that do the actual work receive average pay compared to their peers within and between the industries

Engineers that consult (have engineering degree but work in a consultancy firm) earn higher pay than engineers that do the actual work

Civil tend to earn lower than EE. Mechanical seem to be employed for the oddest of jobs with somewhat average pay.

In general, engineers do not make much. If you want to earn more, quickly get into management or consultancy. Just my observation

What position? Actuarial Exec, Senior Exec of Managers? 13K is considered OK if you're at managerial level. Those who will get 18K and above are likely to be senior management/HOD level or the Appointed Actuary.

If u working in a non mnc environment and doesn't support oversea client ur earning is okay. Those it supporting oversea project/client working in mnc especially like Cyberjaya earn way more than u

This post has been edited by max_cavalera: Dec 27 2019, 11:47 AM

That is so true. Even at the same dept, same job, some will perform better than the others.

You powerpoint presentation looks fantastic? There will be one who's presentation will delivers the same at faster pace.

You don't make any mistake in your work. There will be one who did it faster than you when it matters.

You complaint about hard work? There will be one who will do the job without complaining.

well, mine is a MNC i think although the size is pretty small. Penang and SG branch only around 50 ppl. We kinda support another MNC as system integrator which has sites around the world. But its a usual 9-6 job with system migration and integration projects. HQ in Germany and my colleagues get to travel around the world to client sites every year

This post has been edited by MKCL: Dec 27 2019, 11:52 AM

Gomen Doctors average out around 5-8k from my sampling... Good pay with job stability I would say... The specialist I'm not sure starting how much but I always heard 12k is the norm... Of course if u go into private would be paid much more

It goes without saying that my clients would be doing well or at least above average for themselves if they approach me for mortgage and asb financing applications

For my insurance and UT businesses, I meet them from the above two "door openers"

Suffice to say this is not a random selection at all. Far from it, as I have mentioned earlier in my post.

Why am I doing this? Perhaps to help people realize the discrepancies of the pay scale. They may be of the same age, they may be working in the same lines, industries, or even the same company; yet there is a gap between theirs and others

I particularly enjoy comparing people's pay between their age.

My observation:

1. Within the same industries and job scope, differences in pay can be put down to job-competency

2. Between different industries but of the same age, differences in pay can be denoted to differences in demand for that skill set

Pilot, yeah i have one friend in the industry as well. They clear good pay, own houses, powerful bikes and nice cars. But they are rarely home to enjoy these things. And being away from family.

At least O&G does better. Chemical engineer in the drill platform. 7 weeks work, 3 weeks R n R, includes economy flight ticket home or first class ticket to places as designated by company, armed escort when going to work. Kinda like going to war. Way bigger pay, buy houses like way way earlier among anyone else in our group. Every 3-4 year switch to a different country by company, mostly sand nikka place.

Both are hazard pay.

Me, way below /ktard standard.

Wrong, highest pay is politician

often folks here dont have a grasp on how competitive the world actually is, they say "oh the aussies are lazy" why cant we be lazy.

but the world is waaaaaay more competitive, post grads are becoming a norm, professional papers are commonplace, not only for asians even for other nations.

its no surprise we are a bit behind the wage scale,

its only normal and i was referring to why it happens

the market for anything tends to go like 10-20% (highest pay), 30-40% (mid tier), 50% below average. The gap between someone in the low 50% and the top 10% can be huge, sometimes x3-4 times in total earnings per year.

And you make a great observation, the top 10-20% often dont hang out here and post shit, they are often too busy with work even for their families let alone to shit post in /k/

which is also why a lot of folks here complain about low pay.

dun be a kuli designer

pay is shit

just laying it out for y'all

kthxbye

IT Support earn so much? I guess only applicable to those capable of working for bigger MNC companies.

There are no discrepancies, just differences. There are reasons for that.

1. You are basing that everyone is the same hence should be paid the same.

2. You don't take into account that each company costed differently, hence the difference in pay. i.e. O&G companies may pay more simply because they can afford it vs normal thin-margin trading company.

3. Some company may pay out more, some may reserve more for future investment, all have different strategies in their management.

Actually RM20K in USD is just 5K. My niece, fresh grad in the US, her first job already getting that much. Just to show how backward we are compared to global incomes.

Lowyat salary sharing in Job & Career > all. 28 years old RM30k. If 40, is some director getting RM50k /month.

This ^^

-----

Although I'd like to point out that discussing your income privately between peers might open yourself up to certain discrimination; e.g., if that person you've shared with could end-up been loose lip about your income and thus causing others (with lower income) might be envious of you; thus disrupting the entire relationship between working peers.

That is one scenario; but overall, if personal income are to be shared constructively, it will be an added advantage for the employee to negotiate for a better salary (should they want to remain and progress further in the same company).

I really think it is cute when they talk about everyone earning 20k/m. I guess people who yearn for what they cannot/unlikely to have would end up making jokes about it

only happens in open setting/environment. I've never had clients make a big deal of their income

Seriously though, spending time online is really addictive (hey isn't that the forum's tagline?), but like any other entertainment, it has very little return

So, the perception to not share your salary & bonus and shits are all tipu all these while?

fuck wei... i am already 30, but only started to get rm10k this year

FML! I should go 14th floor liao... sigh...

An aside, I disagree that spending time on online forums can have very little return. I make a living working remotely and the one thing all my clients have in common is they were introduced by someone I met online. What matters is the mindset in which you engage in the activity.

I do agree though that the signal to noise ratio is very low.

because not atas and the govt like previous sampah; always look down on 3D job.

well i guess the community makes it possible, then again if people here earn 20k, theres a chance the joke would be a bigger amount. Wealth is always relative.

Personally i dont think its wrong to spend time online, but life has its scarifies and not all productive hobbies produce income. Its more like, if we want to chill out the odds of high wages would be very low. Its the same in the opposite direction, if you want to have high wages the odds of time with family and friends or side hobbies diminish. its very rare, ive seen someone that has both, the mythical worklife balance and i often attribute it to luck.

The topic gets waaaaaay more complex tho, we are simplifying it a bit, like one figure to ponder upon. if Intelligence is a physical attribute, so at any point in time, you have 50% of the population being dumber than the rest. Often less intelligent folks make more career mistakes, cant keep up with the race and vice versa. So at all points in time, you have 50% of the population under performing and they cannot perform even if they wanted to (hence why we celebrate guys who work hard and succeed against the odds). Then out of the low 50%, what of the last 10%? what do we do with them and which intelligence group we belong to?

Stuff that keeps me up at night really

maybe ktard referring to disposal income.

You can take in high capital income; but your disposal is like below 10%; you think these well paid able to sustain a good life?

Yaya i saw also sibeh jelous

inb4 /k mindset; omg i got paid so low.

Malaysia in term of remuneration "algorithm" and is very private and fucked up. Like Business. Which; have created what we call inequality gap.

You go see western country; every jobs; are listed and well detail how much they entitled to.

Remuneration services in Malaysia also lack in covering job; only listed those professionals while in real job reality; there is so many departments and job scope.

Malaysia govt and private sector need to come 100% transparent about these to make fair for statistical and real industry need calculation.

Average malaysian pay is around 2.3k. those are high achivers

Nice summary , everyone knows pilots earn a boat load, but until now didnt realise the extent!

Anyway to all the butthurt pipul complaining he is sharing client data, theres no specific insider info here, everything here can be found on web/common sense. You think a pilot earn only 7000 ah??