ACCA Salary in Malaysia

Malaysia has become a hub for education in Southeast Asia and is one of the best places for professionals to work. Malaysia highly demands qualifications such as ACCA, as it actively seeks and employs professionals who can contribute to the country’s economic prosperity. Hence, offering them a high ACCA salary in Malaysia, due to which many ACCA-qualified candidates are living a lavish lifestyle along with sustainable career growth.

Job Market in Malaysia

Malaysia is a favorite country for many ACCA-qualified candidates because of its economic and political stability, which ensures success in ACCA careers in Malaysia. Overall hiring activity has shown a strong 14%  increase in recruitment every year, which shows that the country is an ideal place to earn a competitive ACCA salary in Malaysia. 

ACCA salary in Malaysia depends on four significant factors: Job roles, industry, location, and experience. Let’s dive deep into it and have a clear framework regarding the ACCA salary in Malaysia. In this blog, we have screened and short-listed some of the highly demanded ACCA job roles along with their salary packages, for both entry-level ACCA-qualified candidates to advanced-level ACCA professionals.

List of the ten most in-demand ACCA job roles in Malaysia

1: Accounting Executive

An accountant executive is the one who can bring leads to the businesses and close the deals.
The ACCA salary in Malaysia of an accountant executive per month ranges from 

RM 2000 to RM 2,500 Plus.

2: Senior Executive Accountant

Likewise, a senior executive accountant is responsible for overseeing the financial and accounting practices of the company, having higher authority than the Accounting executive and assistant accountant. The ACCA salary in Malaysia for a senior executive accountant ranges from RM 4,000 to 5,500 Plus.

3: Assistant Accountant

An assistant accountant is the one who is responsible for writing and delivering reports, apart from that he is responsible for many other tasks associated with accounting. The ACCA salary in Malaysia for an assistant accountant ranges from RM 2,500 to RM 3,500 Plus.

4: Finance Executive

The finance executive is responsible for seeing and coming up with ideas and strategies regarding the finances of the company. A financial manager performs data analysis and reports to the senior managers on profit maximization ideas. The ACCA salary in Malaysia for the finance executive ranges from RM 4000 to RM 6,000 Plus.

5: Auditor

An auditor is responsible to analyze and interpret accounting reports. They ensure that the financial records of the company comply with the government’s rules and regulations. The average ACCA salary in Malaysia for an auditor ranges from RM 3,000 to RM 6,000 Plus.

6: Budget Manager

Budget manager is one of the important job roles in any business. They are responsible for overseeing and optimizing budget strategies to optimize the profits of the company and avoid any financial pitfalls. The ACCA salary in Malaysia ranges from RM 4,000 to RM 6,000 Plus.

7: Tax Advisor

The tax advisor helps in designing and implementing the tax policies in the business. They are in charge of evaluating managerial processes as well. Tax advisors ensure compliance with relevant regulatory codes. The ACCA salary in Malaysia for the tax advisor ranges from  RM 5,389 to 8,000 Plus.

8: Investment Banker

Investment bankers are also known as financial advisors, They help businesses raise money in numerous ways. The ACCA Salary in Malaysia for an Investment banker ranges from RM 6,000 to 9,000 Plus.

9: Risk Manager

Risk managers are responsible for overseeing, predicting, or mitigating any risk that will affect the business. They are responsible for monitoring risks in real time and providing reports to senior management. The ACCA salary in Malaysia for a risk manager ranges from RM 7000 to RM 9,500 Plus.

10: Corporate Treasurer

A corporate treasurer is in charge of overseeing the daily basis liquidity of the business. Which certainly means analyzing and managing short-term cash requirements, funding requirements, market analysis, and treasury risks. The ACCA salary in Malaysia of a Corporate Treasurer ranges from RM 3,500 to RM 6,000 Plus.

ACCA’s most demanded job roles, levels, and monthly salary packages.

List of top companies that recruit ACCA-qualified candidates in Malaysia

•  Accounting firms
•  Insurance companies
• Investment banks
•  Real estate companies
• Technology companies
•  Financial institution
• Consulting firms
• Multinational corporations
• Government agencies
• Non-profit organizations

Apart from the companies mentioned above, many other companies are seeking to recruit ACCA-qualified candidates due to the top-notch skills they possess which are crucial for businesses around the globe.

Conclusion

It can be concluded that ACCA salary in Malaysia is competitively higher than in other Southeast Asian countries. Malaysia, without any doubt, has become a hub for ACCA-qualified candidates because of its economic and political stability that ensures ACCA-qualified candidates have a promising career success ahead.

Frequently Asked Questions (FAQs)

Q: Is ACCA worth it in Malaysia?

Ans: Yes, ACCA is worth it in Malaysia because of its higher demand throughout the world.

Q: Is ACCA higher than a degree?

Ans: Yes. If you take the 9 skill level exams of ACCA it is equivalent to a bachelor’s and professional level courses are equivalent to a master’s degree.

Q: Can I do ACCA without a degree?

Ans: Yes, there is no degree required to enroll in the professional certification of the ACCA course.

Q: Is ACCA a Chartered Accountant in Malaysia?

Ans: Yes, upon completion of the ACCA course along with the three years of working experience you will become a certified chartered accountant in Malaysia.