Can share where did you get this?

Yes, that's the trend. Most of the recruitment firms are on the higher side as it will incentive people to move. Only then will they be able to get business. But also have to bear in mind the people who recruitment firms place are usually the more marketable people. But I would still discount their numbers a bit.

Meaning whatever that is presented by them, reduce the numbers a bit, probably by 5-15%. The numbers quoted are really on the high side, and that's after me comparing numbers across the industry from people that I know.

Read the original thread, it was mentioned that there are no roles beyond FM1 that is based in KL. So I think the range may not be fully valid for Finance people. MNCs has been pulling out the more lucrative roles from Malaysia, primarily due to our reduced competitiveness.

Regarding wages not increasing, I think it's more of Finance exec wages not increasing by much. There are quite a lot of Finance grads out there, so competition are stiff. The area that pay better nowadays are tech, IT and probably banking. Banking is quite different than traditional Finance, though related.

Also, I think the numbers quoted by the original poster in the other thread seems to be slightly high for a MNC. Let's ask him to provide an update.

seantang

Care to comment?

What industry and what does the Finance manager do? Is he a HoD, or team lead?

probably between 8-15k, depending on function, experience and negotiations.

in a mid sized company, such a FM generally report to the CFO, as the finance department is usually not that big. probably between 20-50 people.

perhaps, some can make it with 6-7 years, others may need 10-15 years. 6-7 years is considered fast.