KUALA LUMPUR: Malaysia’s finance and banking industry saw the highest spike in wages over 12 months of between 10 and 25 per cent, based on Malaysia Salary Guide 2014/2015.
Kelly Services (M) Sdn Bhd managing director, Kamal Karanth, said the increase in salaries was due to the growth of skill-specific sector (like Islamic banking and finance) and job-positive policies put in place by the government.
“It drove demand for available talent as well as skills,” he said after the launch of the salary guide here yesterday.
In the findings, the company said the number of hot jobs within the financial services sector rose to 20, of which seven were new roles compared with six in 2013/2014.
“The roles included positions such as syariah head for Islamic finance, risk management manager, head credit risk, business intelligence manager and management trainee.”
He said most of the banks already had the demand for the expertises in that field but the number was still low.
“That is why the salaries for the positions were increased as we find few experts in the field,” he said.
The findings also revealed that the financial sector is one of the largest in Malaysia employing over 300,000 people.
It contributes up to 11 per cent to the nation’s gross domestic product. — Bernama