Deputy CFO Average Salary in Malaysia 2024
How much money does a person working as Deputy CFO make in Malaysia?
LOW
7,040
MYR AVERAGE
13,000
MYR HIGH
19,700
MYR
A person working as Deputy CFO in Malaysia typically earns around 13,000 MYR. Salaries range from 7,040 MYR (lowest) to 19,700 MYR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Deputy CFO salaries in Malaysia vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Deputy CFO Pay Scale and Salaries in Malaysia
Salary Structure and Pay Scale Comparison
11,600 MYR or more
10,400 to 11,600 MYR
7,730 MYR or less
7,730 to 10,400 MYR
 7,040 MYR |
11,600 MYR |
19,700 MYR |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Deputy CFO in Malaysia range from 7,040 MYR (starting salary) to 19,700 MYR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 11,600 MYR, half of the professionals who work as Deputy CFO in Malaysia earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Deputy CFO in Malaysia earn less than 9,750 MYR, while 75% earn more. Similarly, the chart shows that 75% earn less than 13,100 MYR while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Deputy CFO in Malaysia compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 7,730 MYR to 10,400 MYR. About 20% of salaries are below the 7,730 MYR mark, while 10% fall within the range of 10,400 MYR to 11,600 MYR. Only 5% of individuals have salaries exceeding 11,600 MYR.
Salary Comparison by Years of Experience / Deputy CFO / Malaysia
How do experience and age affect pay?
| 0 - 2 Years | 8,170 MYR | |
| 2 - 5 Years | +26% | 10,300 MYR |
| 5 - 10 Years | +32% | 13,600 MYR |
| 10 - 15 Years | +18% | 16,000 MYR |
| 15 - 20 Years | +11% | 17,700 MYR |
| 20+ Years | +6% | 18,900 MYR |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Deputy CFO and this is what we found.
Employees with less than two years of experience earn approximately 8,170 MYR.
While someone with an experience level between two and five years is expected to earn 10,300 MYR, 26% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 13,600 MYR, 32% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 16,000 MYR, 18% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 17,700 MYR, 11% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 18,900 MYR, 6% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Deputy CFO / Malaysia
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Deputy CFO.
| Certificate or Diploma | 10,300 MYR | |
| Bachelor's Degree | +32% | 13,600 MYR |
| Master's Degree | +37% | 18,700 MYR |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Deputy CFO in order to make a comparison.
Level 1: Certificate or Diploma
Employees at this education level have an average salary of 10,300 MYR.
Level 2: Bachelor's Degree
At this level, the average salary becomes 13,600 MYR, 32% more than the previous level.
Level 3: Master's Degree
At this level, the average salary becomes 18,700 MYR, 37% more than the previous level.
Is a Master's degree or an MBA worth it? Should you pursue higher education?
A Master's degree program or any post-graduate program in Malaysia costs anywhere from 33,100 MYR to 99,200 MYR and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Deputy CFO / Malaysia
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Deputy CFO in Malaysia, the average difference between the salary of male and female employees is 7%.
| Male | 13,400 MYR | |
| Female | -6% | 12,500 MYR |
Salary Comparison By Gender in Malaysia for all Careers
Average Annual Salary Increment Percentage / Deputy CFO / Malaysia
How much are annual salary increments in Malaysia for individuals working as Deputy CFO? How often do employees get salary raises?
Individuals working as Deputy CFO in Malaysia are likely to observe a salary increase of approximately 14% every 18 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.
Malaysia / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Deputy CFO / Malaysia
How much and how often are bonuses being awarded?
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23% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 77% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 6% to 7% of their annual salary.
| Received Bonus | 77% | |
| No Bonus | 23% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Deputy CFO / Malaysia
75 MYR per hourThe average hourly wage (pay per hour) for individuals working as Deputy CFO in Malaysia is 75 MYR.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Deputy CFO in Malaysia is 41 MYR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Accounting and Finance |  -100% | |
| Account Examiner | 3,540 MYR | -73% |
| Account Executive | 5,760 MYR | -56% |
| Accountant | 4,550 MYR | -65% |
| Accounting Analyst | 5,570 MYR | -57% |
| Accounting Assistant | 3,670 MYR | -72% |
| Accounting Associate | 3,500 MYR | -73% |
| Accounting Clerk | 2,850 MYR | -78% |
| Accounting Coordinator | 4,240 MYR | -67% |
| Accounting Head | 9,120 MYR | -30% |
| Accounting Manager | 9,800 MYR | -25% |
| Accounting Officer | 3,470 MYR | -73% |
| Accounting Specialist | 6,530 MYR | -50% |
| Accounting Supervisor | 6,440 MYR | -51% |
| Accounting Technician | 3,400 MYR | -74% |
| Accounting Unit Controller | 7,820 MYR | -40% |
| Accounts Executive | 5,880 MYR | -55% |
| Accounts Officer | 3,520 MYR | -73% |
| Accounts Payable and Receivable Specialist | 4,560 MYR | -65% |
| Accounts Payable Assistant | 3,610 MYR | -72% |
| Accounts Payable Associate | 4,130 MYR | -68% |
| Accounts Payable Clerk | 3,540 MYR | -73% |
| Accounts Payable Manager | 9,670 MYR | -26% |
| Accounts Receivable Administrator | 7,040 MYR | -46% |
| Accounts Receivable Clerk | 3,400 MYR | -74% |
| Accounts Receivable Financial Analyst | 6,860 MYR | -47% |
| Accounts Receivable Manager | 9,150 MYR | -30% |
| Accounts Receivable Team Leader | 6,690 MYR | -49% |
| Algorithmic Trading Specialist | 7,890 MYR | -39% |
| Assistant Accountant | 3,740 MYR | -71% |
| Assistant Accounting Manager | 8,890 MYR | -32% |
| Assistant Auditor | 4,650 MYR | -64% |
| Assistant Corporate Controller | 6,530 MYR | -50% |
| Assistant Finance Manager | 10,200 MYR | -22% |
| Assistant Financial Controller | 6,340 MYR | -51% |
| Audit Director | 11,000 MYR | -16% |
| Audit Supervisor | 8,170 MYR | -37% |
| Auditing Clerk | 3,520 MYR | -73% |
| Auditing Manager | 9,510 MYR | -27% |
| Billing Clerk | 3,670 MYR | -72% |
| Billing Coordinator | 4,090 MYR | -69% |
| Billing Specialist | 4,800 MYR | -63% |
| Billing Supervisor | 6,910 MYR | -47% |
| Bookkeeper | 3,070 MYR | -76% |
| Bookkeeping Specialist | 4,640 MYR | -64% |
| Budget Analyst | 8,260 MYR | -37% |
| Budget Manager | 9,220 MYR | -29% |
| Business Support Analyst | 5,250 MYR | -60% |
| Capital Markets Associate | 7,170 MYR | -45% |
| Cash Flow Analyst | 6,960 MYR | -47% |
| Cash Management Manager | 9,390 MYR | -28% |
| Cash Management Officer | 5,620 MYR | -57% |
| Cashbook Clerk | 3,300 MYR | -75% |
| Chartered Accountant | 5,820 MYR | -55% |
| Chief Accountant | 6,790 MYR | -48% |
| Chief Financial Technology Officer | 9,310 MYR | -29% |
| Collections Clerk | 2,930 MYR | -78% |
| Collections Representative | 3,940 MYR | -70% |
| Collections Specialist | 4,900 MYR | -62% |
| Corporate Controller | 7,500 MYR | -42% |
| Corporate Treasurer | 9,180 MYR | -30% |
| Cost Accountant | 4,510 MYR | -65% |
| Cost Accounting Manager | 8,880 MYR | -32% |
| Cost Accounting Supervisor | 7,600 MYR | -42% |
| Cost Analyst | 7,350 MYR | -44% |
| Credit and Collection Manager | 8,930 MYR | -31% |
| Credit and Collection Staff | 3,490 MYR | -73% |
| Credit and Loans Officer | 3,430 MYR | -74% |
| Credit Controller | 6,760 MYR | -48% |
| Credit Manager | 10,200 MYR | -22% |
| Debt Adviser | 8,030 MYR | -38% |
| Debt Collector | 3,650 MYR | -72% |
| Debtors Clerk | 3,320 MYR | -75% |
| Debtors Controller | 3,470 MYR | -73% |
| Deputy CFO | 13,000 MYR | -0% |
| Deputy Head of Finance | 12,500 MYR | -4% |
| Derivative Trader | 8,020 MYR | -38% |
| Director of Finance | 14,500 MYR |  +11% |
| E-commerce Accountant | 4,750 MYR | -64% |
| Economist | 10,800 MYR | -17% |
| Equity Analyst | 8,600 MYR | -34% |
| Escrow Assistant | 4,070 MYR | -69% |
| Executive Accountant | 5,350 MYR | -59% |
| External Auditor | 6,600 MYR | -49% |
| Finance Administrator | 5,670 MYR | -56% |
| Finance Analyst | 8,500 MYR | -35% |
| Finance Associate | 3,940 MYR | -70% |
| Finance Data Analyst | 7,370 MYR | -43% |
| Finance Director | 13,800 MYR | +6% |
| Finance Executive | 10,000 MYR | -23% |
| Finance Licensing Clerk | 3,430 MYR | -74% |
| Finance Licensing Manager | 9,360 MYR | -28% |
| Finance Licensing Specialist | 4,950 MYR | -62% |
| Finance Manager | 13,500 MYR | +4% |
| Finance Officer | 4,680 MYR | -64% |
| Finance President | 14,500 MYR | +11% |
| Finance Relationship Manager | 10,700 MYR | -18% |
| Finance Release Analyst | 5,350 MYR | -59% |
| Finance Specialist | 7,410 MYR | -43% |
| Finance Team Leader | 10,600 MYR | -19% |
| Financial Accountant | 4,650 MYR | -64% |
| Financial Actuary | 6,980 MYR | -46% |
| Financial Administrator | 7,640 MYR | -41% |
| Financial Advisor | 8,380 MYR | -36% |
| Financial Analyst | 8,840 MYR | -32% |
| Financial Applications Specialist | 6,020 MYR | -54% |
| Financial Assistant | 3,610 MYR | -72% |
| Financial Associate | 4,550 MYR | -65% |
| Financial Claims Analyst | 6,350 MYR | -51% |
| Financial Claims Manager | 8,650 MYR | -34% |
| Financial Claims Supervisor | 7,490 MYR | -43% |
| Financial Clerk | 3,460 MYR | -73% |
| Financial Commercial Analyst | 6,730 MYR | -48% |
| Financial Compliance Analyst | 7,220 MYR | -45% |
| Financial Compliance Officer | 7,450 MYR | -43% |
| Financial Consultant | 6,110 MYR | -53% |
| Financial Controller | 7,650 MYR | -41% |
| Financial Coordinator | 4,230 MYR | -68% |
| Financial Customer Service Manager | 8,340 MYR | -36% |
| Financial Data Scientist | 9,010 MYR | -31% |
| Financial Dealer and Broker | 5,150 MYR | -60% |
| Financial Director | 13,200 MYR | +1% |
| Financial Encoder | 3,960 MYR | -70% |
| Financial Manager | 12,700 MYR | -3% |
| Financial Modelling Analyst | 8,110 MYR | -38% |
| Financial Operations Manager | 11,900 MYR | -9% |
| Financial Policy Analyst | 7,450 MYR | -43% |
| Financial Project Manager | 9,220 MYR | -29% |
| Financial Quantitative Analyst | 8,020 MYR | -38% |
| Financial Reporting Consultant | 6,730 MYR | -48% |
| Financial Reporting Manager | 9,180 MYR | -30% |
| Financial Section Head | 8,730 MYR | -33% |
| Financial Services Manager | 11,900 MYR | -9% |
| Financial Services Sales Agent | 4,940 MYR | -62% |
| Financial Technology Consultant | 7,330 MYR | -44% |
| Financial Wellness Coach | 9,840 MYR | -24% |
| FinTech Analyst | 7,700 MYR | -41% |
| Fixed Assets Administrator | 4,850 MYR | -63% |
| Forensic Accountant | 5,390 MYR | -59% |
| Fraud Detection Supervisor | 5,800 MYR | -55% |
| Fraud Prevention Manager | 9,890 MYR | -24% |
| Fund Accountant | 4,320 MYR | -67% |
| Grants Coordinator | 3,610 MYR | -72% |
| Green Finance Analyst | 7,010 MYR | -46% |
| Group Financial Manager | 14,000 MYR | +7% |
| Internal Auditor | 6,490 MYR | -50% |
| Internal Control Adviser | 7,400 MYR | -43% |
| Internal Control Officer | 4,220 MYR | -68% |
| International Tax Director | 10,800 MYR | -17% |
| Inventory Accountant | 5,100 MYR | -61% |
| Investment Advisor | 12,500 MYR | -4% |
| Investment Analyst | 9,490 MYR | -27% |
| Investment Associate | 7,660 MYR | -41% |
| Investment Broker | 7,510 MYR | -42% |
| Investment Fund Manager | 10,500 MYR | -19% |
| Investment Operations Manager | 10,300 MYR | -21% |
| Investment Underwriter | 4,120 MYR | -68% |
| Investor | 6,220 MYR | -52% |
| Investor Relations Manager | 9,030 MYR | -31% |
| KYC Team Leader | 9,280 MYR | -29% |
| Loan Processor | 3,710 MYR | -72% |
| Management Accountant | 5,200 MYR | -60% |
| Management Economist | 10,500 MYR | -19% |
| Paymaster | 3,760 MYR | -71% |
| Payroll Administrator | 6,200 MYR | -52% |
| Payroll Benefits Coordinator | 5,100 MYR | -61% |
| Payroll Billing Manager | 8,690 MYR | -33% |
| Payroll Clerk | 4,220 MYR | -68% |
| Payroll Manager | 8,260 MYR | -37% |
| Payroll Officer | 4,260 MYR | -67% |
| Payroll Specialist | 4,750 MYR | -64% |
| Payroll Supervisor | 5,940 MYR | -54% |
| Pensions Administrator | 4,750 MYR | -64% |
| Personal Financial Advisor | 7,070 MYR | -46% |
| Pricing Analyst | 7,490 MYR | -43% |
| Private Equity Analyst | 8,680 MYR | -33% |
| Project Accountant | 5,100 MYR | -61% |
| Proposal Development Coordinator | 3,990 MYR | -69% |
| Quantitative Trader | 6,550 MYR | -50% |
| Receivables Accountant | 4,390 MYR | -66% |
| Regulatory Accountant | 5,360 MYR | -59% |
| Retirement Plan Analyst | 7,500 MYR | -42% |
| Revenue Management Specialist | 8,030 MYR | -38% |
| Revenue Recognition Analyst | 9,050 MYR | -31% |
| Risk Management Director | 11,400 MYR | -13% |
| Risk Management Supervisor | 9,670 MYR | -26% |
| Staff Accountant | 4,370 MYR | -66% |
| Tax Accountant | 4,270 MYR | -67% |
| Tax Administrator | 5,300 MYR | -59% |
| Tax Advisor | 6,980 MYR | -46% |
| Tax Analyst | 7,200 MYR | -45% |
| Tax Associate | 3,960 MYR | -70% |
| Tax Consultant | 7,730 MYR | -41% |
| Tax Director | 10,500 MYR | -19% |
| Tax Examiner | 5,150 MYR | -60% |
| Tax Manager | 9,310 MYR | -29% |
| Tax Research Manager | 9,600 MYR | -26% |
| Teller | 2,880 MYR | -78% |
| Treasury Accountant | 4,920 MYR | -62% |
| Treasury Analyst | 7,800 MYR | -40% |
| Underwriter | 3,140 MYR | -76% |
| Underwriting Assistant | 3,040 MYR | -77% |
| Vice President of Finance | 12,900 MYR | -1% |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Malaysia is 9% on average across all career fields.
| Private Sector | 6,340 MYR | |
| Public Sector | +9% | 6,900 MYR |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Deputy CFO in Malaysia?
A good and competitive compensation would range anywhere between 11,600 MYR and 13,100 MYR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Deputy CFO in Malaysia ranges from 7,040 MYR to 9,750 MYR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
