Savvy professionals in demand to progress Fintech and digital transformation in 2019: Michael Page Malaysia

KUALA LUMPUR, MALAYSIA – Media
OutReach – 18 March 2019 –
Global professional recruitment consultancy released its Michael Page Malaysia Salary Benchmark 2019 citing keen
interest from companies to attract professionals within Big Data, data science,
consumer insights and data warehousing.

May Wah Chan, Director
at Michael Page Malaysia comments, “Malaysia’s digital economy is on the fast track for 2019
which have led to the spike in demand for these key positions. Across
industries, companies looking to ride the wave of digital transformation to
ramp up efficiency and productivity is creating more pressure on the country’s
already tight candidate pool.”

As a result, talent movement in the technology space
is anticipated to be exceedingly swift where professionals will experience
concurrent multiple offers. The report indicates a 30% increase in the number
of technology jobs posted in Malaysia in the last 12 months. Successful job
movers in this space can expect a 10 to 22% salary increase.

Malaysia’s development around ecommerce
also posts exciting job prospects in 2019. With heavy investments from market leaders,
Grab and Alibaba, this has given rise to the need for cybersecurity experts.

The country is moving rapidly
towards a cashless society. WeChat mobile wallet is now live in the country,
which marks the service’s first expansion outside of China and Hong Kong.
Together with Alipay and Samsung Pay, these players will disrupt Malaysia’s e-payments
space.

Malaysia’s rapid
Fintech development in tandem with Bank Negara’s vision to evolve Malaysia into
a complete digital payment society, has sparked a boost in mobile applications, artificial intelligence and robotics.

May Wah observes, “Financial
services institutions are on a clear drive to enhance user experience in order
to keep their competitive edge. In order to achieve this, they have turned
their investment towards technology and the talent required to effectively
implement mobile banking and virtual customer service platforms. Staying ahead
with technological advancements is also the key to attracting professionals who
regard this exposure as important career development.”

Editor’s Notes: Data for the report is derived from our proprietary database capturing
job advertisements and placements mainly through 2018 and other PageGroup
studies. Information is then validated against insights from our leaders’ and
consultants’ interactions with clients and candidates.

For more
information and media interviews with our spokespeople, please contact Germaine Lim germainelim@michaelpage.com.sg or +65 9710
1760.