Everybody wants a job that they love, but most of the time employees are just in it for the money because, you know, bills.
If this sounds like you, here’s a tip: Don’t pick a job based just on position alone. Industry and location matter too.
According to JobStreet’s latest salary report, job listings placed on its website from 2015 to 2016 showed that salaries varied greatly across industry, and changes according to location. Jobs in central regions such as Kuala Lumpur tend to command higher pay in most instances, but can be higher in other parts of Malaysia for industries such as engineering.
Consumer finance website iMoney studied the report and found that some industries which offer high entry level salaries may not offer high mid or senior level salaries. This means that a person with one of the highest paid jobs across industries at entry level may not remain highly-paid after getting promoted.
Using data from the report, the website identified the top three highest paying industries in Malaysia as engineering, computer/IT and healthcare. In contrast, the lowest-paying industries were identified were hotels/restaurants, education/training and admin/HR.
In an infographic, iMoney also identified the top three highest paying industries for each job level from entry to senior management.
Here’s what they are:
The highest paying entry level jobs belong to engineers in the east coast operations of Malaysia’s construction/building/engineering sectors.
But while this is so, the sector fails to retain top three ranking in the junior executive level. Instead, highest paying jobs in this level tend to be from the computer/IT banking/financial services sectors.
Those who work in science related jobs at oil/gas/petroleum industries lead the pack in the senior executive category at RM28,250, more than RM13,000 above salaries in the next highest paying industry.
Interestingly, the highest paying job in the next level – manager – earns lower than that in the previous category. A building/construction manager level job in the oil/gas/petroleum industries commands a salary of just RM15,611.
At the highest level studied, the highest paying jobs are admin/HR senior managers from the construction/building/engineering industries located in East Malaysia.
Those who work in services in the healthcare/medical industry at northern Malaysia, and people who work in engineering for semiconductor and water fabrication industries at east Malaysia tied for second spot.