Malaysia is a country with strong commodity-based growth by manufacturing, finance, and other services. The overall economic growth is maintained at 4.7 by the services and manufacturing sectors with more stability and is projected by local authorities for their further development. Malaysia’s developed economy is the key factor in supporting people with more employment and business opportunities for thriving industries with more capabilities and infrastructure. Malaysia offers more jobs either to be part-time jobs, full-time employment, or internships along with further education.
Malaysian Labour Market at a Glance.
Malaysia is a famous tourist destination and home to lots of dynamic industries. It is the major exporting country of natural and agricultural resources and rich in more precious natural resources. Petroleum and Palm oil is the most valuable resource found in Malaysia. The Malaysian country is an economic powerhouse offering attractive jobs that are always stable. This is because of the trust and confidence blown on us by banks and other investors from various countries.
Malaysia is known for its innovation in the financial sector, especially in Islamic banking and finance. This makes Malaysia rank first as per the score of Islamic Finance Development Indicator and stands second next to Saudi Arabia while comparing the size of banking assets.
Malaysia is the world’s largest palm oil-exporting country. It exports oil products to countries like China, the EU, Pakistan, the US, and India to contribute to the global stage.
Oil, Gas, and Energy
The oil and gas energy sectors play a vital role in Malaysia’s economy as it contributes 20-30% of the country’s GDP. Malaysian Government works continuously in maintaining the level of global competency equal to the other global leaders by taking new initiatives in reinvigorating Malaysia’s O&G industry.
Malaysia is the largest exporter of electrical and electronic products with strong products like Globetronics, Green Packet, and others. The testament of
Malaysian educational institutions are to cultivate top talent for the continuation of growth and strong innovations in manufacturing.
The automotive industry is another key factor for an excellent economy with a total of 27vehicle producers and 640 manufacturers of those automotive components. It is the first country to have its automotive firm and stand 11th in the list of manufacturing cars from the beginning till the end. This sector provides more career prospects for the growth of the nation.
The career advisory office offers industry-specific advice and makes you connected with the latest job opportunities with reputable employers. They help the students in building a resume or CV and make plans for an interview strategy to prepare them for their future careers. Malaysia is a country with multiple branches offered for employers around the globe and so the job opportunities are available from local to international.
The fresh graduates who are non-citizens aim to gain a secure job offer from the employer in Malaysia. The employer then permits you to work by successfully applying for a job with all the required documents. An ‘employment pass’ with the validity of a minimum of 2 years and a maximum of 5 years and your passport with validity of at least 18 months must be ensured along with those documents. After the process gets over, you can work over there.
International companies in Malaysia have many expatriates and foreign workers throughout the country. An employer must obtain a permit application with the Malaysian local government. They then issue you with different Employment Passes or Temporary Employment Passes depending on your job and skills while obtaining a work permit. An instance of age and income is the most important thing to be noted while obtaining a work permit. The Malaysian government aims to attract talented people and retain them in their country. The skilled expatriates are offered with The Residence Pass-Talent (RP-T) which proves their ability in work and makes them live in Malaysia for a duration of 10 years.
As the ever-increasing prices of just about anything and everything continue to play on the minds of students, have you ever stopped to think about which jobs pay the best? Which careers eventually lead to the highest salaries? Well, the folks over at imoney.com.my compiled a list of just that! However, do take the list with a grain of salt, as these salaries reflect the monthly average salary of the highest paying jobs in Malaysia. With that said, do take a look below!
Field: Finance and Accounting
Minimum qualification: Master’s Degree in Accounting, Finance or Business
Average salary: RM40,000- RM60,000
Field: Property and Construction
Minimum qualification: Degree in Civil Engineering & Chartership of a recognized professional Body
Average salary: RM30,000- RM42,000
Field: Information Technology
Minimum qualification: Bachelor's Degree in computer science or engineering
Average salary: RM30,000-RM60,000
Field: Finance and Accounting
Minimum qualification: Professional Qualification (ACCA/CPA/ICAEW/MICPA)
Average salary: RM30,000-RM40,000
Field: Human Resource and Administrative
Minimum qualification: Degree in Business Admin/Human Resources Management
Average salary: RM25,000- RM50,000
Field: Sales and Marketing
Minimum qualification: Degree in Business Administration (Economics, Marketing or relevant)
Average salary: RM20,000-RM35,000
Field: Banking and Financial Service
Minimum Qualification: Bachelor's Degree in any field
Average salary: RM24,000-RM35,000
Minimum qualification: Bachelor's Degree in Engineering
Average salary: RM15,000-RM20,000
Field: Supply Chain and Logistics
Minimum qualification: Bachelors Degree in any field
Average salary: RM 15,000-RM35,000
Minimum qualification: MBBS (Medical Degree)
Average salary: RM12,500-RM37,700