So I found this from an old thread circa the early 2010s

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

Do you guys think this is still more or less accurate for the current market?

Accurate

Does that mean the average salaries is still the same as 10 years ago?

Tbh no idea that's why asking you guys. Fresh grad salaries don't seem to have changed much though...

Lol, as a finance guy myself, i can vouch that it has stayed stagnant.

And for freshies i highly doubt the 3.5k. Even Big4 doesnt pay 3.5k.

More like 2.5-3k

Also, i would assume these numbers to be from regular accounting and finance roles (General and cost accounting, FP&A, audit) and not from investment banking or asset management firms. They operate on a different scale from what i know.

This post has been edited by juvaan: Oct 26 2021, 08:07 PM

As for car allowances, it is almost non existent.

Only exists at higher levels i.e. SFM/GM and above.

Haha yeaaa suspected much the same for the Big 4. Their brand name gives them too much bargaining power.

For the other levels you think the ranges are more or less legit? (excluding the car allowance as you said)

Since its the average, i would say it is pretty much spot on, the range may have expanded though.

and i'm very surprised these numbers were 10 years ago when i myself was in Uni.

The car allowance range really hasn't changed since 10 years ago.

Oh gosh our salaries really haven't rose at all.... do you think for most companies we hit the Finance Manager level around 30 years old? (7-8 years exp)

Typical malaysian issue. Everything up except salary.

Korek korek. Unker agree wit u. Mesian issue.

This post has been edited by Izzanobody: Oct 26 2021, 10:42 PM

Yeah Bolehland with production of cheap labours country.

pity all of them in Finance
In my world...ppl getting at least RM2k... How could we survive with RM33 + 6.5....per month

Btw, please get report from Jobstreet la...

Jobstreet URL salary ref

This post has been edited by taitianhin: Oct 26 2021, 11:17 PM

My company Assistant Finance manager is 11-16k

Manager 16k+4k - 24k(All in)


Beyond this range no visibility as non existent in Malaysia context.

Oh not bad salaries did rise! So roughly how many years of experience to Manager for your company?

Mostly quite senior 15 years+

Hmmm I've heard Jobstreet tends to underestimate though, not sure true or not


Oh ok I guess Manager is pretty high level in your company then.. guess even to Assistant Finance Manager it might take around 10 years?

Imagine you're the business owner of Jobstreet. You want more people to visit your site regularly right?

Will you

A) Inflate the reported salary amount so that visitor will get depress and use your site to search for job, and thus increase in traffic.
or
B) Deflate the reported salary amount so that visitor happy with their current salary, and won't use your site, and thus decrease in traffic

Yep AM at least 7 years experience in mine la