Since the 1998 Asian Financial crisis, 2020 was the second-worst year due to the covid-19 pandemic that hit the Malaysian economy. While the economy tried to recover in 2021, 22 2023 is a positive start and has better market opportunities than the last two years. Businesses have understood the vulnerabilities they could face, have strategically overcome them, and have reinforced their positioning after mitigating all the risks between these dire consequences.
This positive overall outcome has brought innumerable job opportunities for job seekers. Sectors like agriculture, mining, and healthcare have taken the spotlight. While it could be challenging to get a higher increment from an entry-level position, a few companies have been found willing to pay competitive salaries.
With others, the recruitment process is expected to be positive. Highlighting the sectors and industries below mentioned are a few senior-level positions that pay above average. With this, you could also guide your career goals to reach these positions with a relevant educational background.
1. The C-suite Roles:
The C-suite roles include the major managerial roles that overlook and drive decisions of the business. These roles include Chief Executive Officers, Chief Financial Officers, Chief Operating Officers, etc. Related positions also include Managing Director, Vice President, and President. These roles are highly paid and are looked up to in Malaysia and beyond and are needed in every business, no matter the industry. The remuneration of the candidate for the same also depends on the years of experience and the past organizations the candidate was associated with.
The educational background required for the same is a Master in Business Administration.
2. Management role in Corporate Banking and Financial Services:
Good accounts and investments are the key pillars to any company’s long-term survival and blooming. Hence, every organization pays great importance to its financial side. Malaysia’s financial sector stayed strong throughout and after the pandemic.
The need for better financing increases during a more challenging time. Hence the demand for financial service providers and managers remains high and tends to be well compensated. This stands true to being ahead of a finance organization or leading the finance department in any organization, the only difference being the clientele handled and the risk management focus.
3. Medical Director
An experienced surgeon who can perform surgeries and guide and lead the medical care in a facility or a hospital is a medical director. Apart from overseeing the smooth functioning of the facility, he also manages the procedures, peer reviews, and physician relations. He is also responsible for handling and resolving customer queries and issues.
The person needs to have a medical background and must have cleared the necessary examinations required in the particular country to practice medicine.
4. Head of Sales
The sales managers are responsible for driving strategic decisions to generate revenues and build profit margins. The first purpose for a business to exist is to make revenue. The Sales Head helps the team achieve the projected sales target for the year. Ahead of sales can overlook either regional or national/global markets. Also, with the digital transformation, the Sales Executives have to keep pace with it while not letting go of the human touch to ensure customer satisfaction.
A master’s in business administration with a specialization in Marketing and sales is preferred as an educational background for this job.
5. Procurement Director
A person with good negotiation skills, project management skills, and knowing the company’s needs while understanding how to deal with people is best suitable for the role of Procurement Director. The procurement head had to collaborate with the logistics team to procure the products and the finance team to understand the budget and pay the bills. He has to keep the company policies, quality checks and control, and other requirements and make a profitable deal for the company. It is a role with a mix of management, market research, and negotiation.
6. Head of Shared Services Center
Malaysia is a big market with many earning opportunities for the Head of Shared Services Centre. It remains an attractive option to place a shared services center for your business, especially in the Asia Pacific.
A shared service center reduces how different vertices work in silos duplicating the work. Hence, an SSC head integrates them in a shared space. This is done by outsourcing procurement, HR, finance, etc., services. The demand for this role increases day after day and therefore also remunerates more.
7. Senior Insurance Director
Insurance is an important revenue source for banks, and it subsequently cannot be ignored. This makes the Senior Insurance Director well compensated for his profile.
8. Engineering Director
From managing the project, budget, deadlines, the team, the Engineering Director does it all. He also hires and formulates a team with relevant skills and background for the project completion. With the management skills, this profile also requires technical competencies making him an important person for the smooth functioning of the business.
9. Head of Compliance
Any industry follows a particular set of rules and regulations that an organization must comply with. The company itself also has its internal rules and policies for the smooth functioning that the employees have to follow. With digitalization, while every company grows exponentially, setting its foot in the global markets, the Head of Compliance needs to know the regulations, the market norms, and laws to enter the market or survive through difficult situations.
These are the top ten job profiles you can look forward to building your career in for improving your financial status and stability. While a few of these profiles need a specific course-related background, you can find the one that aligns with your education to date or guide your career further with the required courses.
We hope you find the right and most comfortable shoe for yourself. For more career opportunities from reputable firms spanning different states in Malaysia.JobsPivot effectively connects employers with the right talents. to find jobs in Malaysia visit us. And for more Full-time jobs visit us.
