Highest Paying Companies in Malaysia in 2024

Are you looking for a new job? We have done the research and compiled a list of the top 10 highest paying companies in Malaysia in 2024.

You can use this data to make an informed decision for your next employer. In this Dbd Malaysia job guide, you will find the average salaries of these businesses, the advantages, and the number of employees at each firm.

You can also find the summary chart comparing the average salaries of these top 10 companies at the end of this guide.

If you want to know more about these companies, then continue reading.

What is our research methodology, and how do we rank the list of best-paying organizations in Malaysia?

To rank the highest paying companies in Malaysia, we collected data from two major sources: Glassdoor and LinkedIn.

Both websites are user-submitted content. They allow current and past employees to tell you about their companies. You can find out their salaries and benefits too.

Both websites offer data for thousands of job titles in Malaysia.

We have gathered hundreds of pay rates for each organization’s various jobs. We calculated the average salaries with the pay rates reported on Glassdoor and LinkedIn.

The lowest to highest-paid workers are considered when computing the monthly average salary.

For the details about the salaries and job titles, we used to calculate the average, jump to each organization section.

Top 10 highest paying companies in Malaysia in 2024

Malaysia is a Southeast Asian country home to thousands of international companies. The country has been able to develop a diverse economy.

It is the fourteenth-largest trading partner for the United States. Thanks to its export demand for electronic goods and agricultural products. ^[1]https://ustr.gov/countries-regions/southeast-asia-pacific/malaysia

The Malaysian economy is expected to grow by 3%-4% this year. People will have more jobs available to them. ^[2]https://www.bloomberg.com/news/articles/2024-08-13/malaysia-lowers-2024-growth-forecast-on-worsening-virus-outbreak

The government wants more technology-based businesses. They have made it easier for these businesses to set up by giving them tax incentives.

Malaysia is one of the best job markets globally, evidenced by this statistic.

Without further ado, let’s explore the list of the top 10 highest paying companies in Malaysia in 2024.

1. Shell Malaysia

Average salary: Based on 335 salaries from 201 job titles, the average salary for Shell Malaysia employees is MYR 10,675 per month.

Number of employees: Shell Malaysia employs over 6,000 people in Malaysia.

Industry: Shell Malaysia is an oil and gas company.

What is Shell Malaysia, and what does it do?

Shell Malaysia is a part of the Royal Dutch Shell Group. They are involved in the exploration and production of oil and gas.

This company does many different things. They make petrochemicals and sell gasoline. They also help other companies with their energy needs.

What are the benefits of working in Shell Malaysia?

Shell Malaysia is the best paying firm in Malaysia in 2024. In addition to a high salary, employees can expect the following benefits.

• Health insurance
• Life insurance
• Long-term and short-term disability insurance
• Retirement savings plan
• Training and development opportunities

What are the job opportunities at Shell Malaysia?

Shell Malaysia is looking for candidates for the following positions:

• Accountant
• Analyst
• Chemist
• Engineer
• Mechanic
• Geophysicist
• HSE advisor
• HR manager
• HR advisor
• Information technology (IT) manager
• Field operations manager
• Production engineer, and many more.

If you have experience in the oil and gas industry or a related field, you may be a good fit.

Shell Malaysia is also one of the top-employer for fresh graduates in Malaysia. So, it is a company you should consider if you are a fresh graduate.

Visit website: Shell Malaysia

Related: Highest Paying Jobs in Malaysia

2. PETRONAS

Average salary: Based on 1,250 salaries from 455 job titles, the average salary for PETRONAS employees is MYR 6,900 per month.

Number of employees: PETRONAS employs over 47,700 people in Malaysia.

Industry: PETRONAS is an oil and gas company in Malaysia.

What is PETRONAS, and what does it do?

Petroliam Nasional Berhad, also known as PETRONAS, is one of the leading companies in Malaysia. It is involved in the exploration, development, production, refining, processing, and marketing of oil and gas.

The company also has many other interests in the energy sector. They make power, natural gas, chemicals, and renewable energy.

PETRONAS also participates in joint ventures and is involved in several international projects.

What are the benefits of working in PETRONAS?

PETRONAS is one of the best-paid employers in Malaysia. PETRONAS employees have access to the following benefits:

• Competitive salary
• Medical insurance for employees and dependent
• Flexible work schedule
• Maternity leave
• Training and development opportunities

What are the job opportunities at PETRONAS?

PETRONAS is looking for talented professionals for the following positions:

• Administrative assistant
• Accountant
• Engineer
• Geologist
• Chemist
• IT technician
• QC inspector
• Procurement manager
• Marketing manager
• Project engineer, and many more.

If you are looking for a stable job with good benefits, PETRONAS is a good company to work with.

Visit website: PETRONAS

3. Nestle Malaysia

Average salary: Based on 225 salaries from 120 job titles, the average salary for Nestle Malaysia employees is MYR 6,300 per month.

Number of employees: Nestle Malaysia employs over 5,000 people in Malaysia.

Industry: Nestle Malaysia is a food company.

What is Nestle Malaysia, and what does it do?

Nestle Malaysia is a subsidiary of the Swiss company Nestle SA and is involved in the manufacturing and marketing food products.

The company sells products that are made from milk. They also sell coffee, tea, chocolate, breakfast cereal, and other things for babies. They also sell other food for pets.

What are the benefits of working for Nestle Malaysia?

Nestle Malaysia is one of the top multinational companies in Malaysia to work with. In addition to a competitive salary, employees can expect the following benefits in Nestle:

• Health insurance
• Employee discount on all Nestle products
• Training and development opportunities
• Retirement plan
• Annual leave and sick leave

What are the job opportunities at Nestle Malaysia?

Nestle Malaysia is looking for talented and ambitious professionals for the following positions:

• Accountant
• Chef
• Sales executive
• Marketing executive
• Engineer
• Quantity assurance
• Production manager
• Warehouse executive
• Market development manager
• Field sales executive
• Procurement support specialist
• Data analytics manager
• IT technician, and many more.

Nestle Malaysia is the best multinational company to work with if you are looking for a challenging and rewarding career in the food industry.

Visit website: Nestle Malaysia

See Also: Top 10 Most Useful Apps to Have in Malaysia

4. CIMB Group Holdings

Average salary: Based on 575 salaries from 570 job titles, the average salary for CIMB Group Holdings employees is MYR 6,100 per month.

Number of employees: CIMB Group Holdings employs over 17,000 people in Malaysia.

Industry: CIMB Group Holdings is a banking and financial services company.

What is CIMB Group Holdings, and what does it do?

CIMB Group Holdings is a banking and financial services company in Malaysia. It is one of the top 10 companies In Malaysia in 2024.

CIMB Group Holdings operates on various segments: retail banking, commercial banking, investment banking, treasury and markets, and asset management.

In addition to Malaysia, the group has operations in Indonesia, Singapore, and Thailand.

What are the benefits of working for CIMB Group Holdings?

CIMB is one of the best-paying employers in Malaysia in the financial and banking sector. CIMB Group Holdings offers a competitive salary and an extensive range of benefits, including:

• Medical insurance
• Retirement plan
• Parenting time off
• Flexible work schedule
• Annual leave and sick leave
• Training and development opportunities

What are the job opportunities at CIMB Group Holdings?

CIMB Group Holdings is seeking individuals for the following positions:

• Accountant
• Finance manager
• Marketing executive
• Credit analyst
• Internal auditor
• Sales manager
• Relationship manager
• Personal finance consultant
• Business analyst
• IT manager, and more.

If you are looking for a career in the banking and financial services industry, CIMB Group Holdings is the best company to work with.

Visit website: CIMB Group Holdings

5. Maybank

Average salary: Based on 780 salaries from 300 job titles, the average salary for Maybank employees is MYR 5,650 per month.

Number of employees: Maybank employs over 46,000 people in Malaysia.

Industry: Maybank is a banking and financial services company.

What is Maybank, and what does it do?

Maybank is the largest bank of Malaysia by market capitalization.

Maybank offers a wider range of products and services, including commercial banking, Islamic banking, offshore banking, investment banking, leasing and hires purchase, asset management, insurance, and many more.

What are the benefits of working for Maybank?

Maybank is one of the best companies to work for in Malaysia for freshers and experienced professionals. The company provides a competitive salary and an extensive range of benefits, including:

• Medical insurance
• Performance bonus
• Employee discount
• Retirement plan
• Maternity leave
• Annual leave and sick leave
• Flexible work schedule
• Training and development opportunities

What are the job opportunities at Maybank?

Maybank is looking for talented professionals for the following positions:

• Accountant
• Mortgage consultant
• Investment consultant
• Consumer sales executive
• Marketing executive
• Client advisor
• Relationship manager
• Project manager
• Business analyst
• Data engineer
• IT engineer, and many more.

If you are looking for jobs in the financial or information technology sectors, Maybank is the most attractive employer in Malaysia.

Visit website: Maybank

6. Malaysia Airlines

Average salary: Based on 230 salaries from 120 job titles, the average salary for Malaysia Airlines employees is MYR 5,400 per month.

Number of employees: Malaysia Airlines employs over 14,000 people in Malaysia.

Industry: It is an airlines company.

What is Malaysia Airlines, and what does it do?

Malaysia Airlines is the flag carrier airline of Malaysia. The company offers scheduled passenger and cargo services to over 842 destinations in more than 156 countries worldwide.

What are the benefits of working for Malaysia Airlines?

Malaysia Airlines is one of the highest salary paying companies in Malaysia. Malaysia Airlines provides a competitive salary and an extensive range of benefits, including:

• Medical insurance
• Retirement plan
• Performance bonus
• Employee discounts on travel and hotels
• Free annual flight tickets
• Annual leave and sick leave

What are the job opportunities at Malaysia Airlines?

Malaysia Airlines is seeking talented professionals for the following positions:

• Aircraft mechanic
• Test and quality assurance
• Ticketing officer
• Sales executives
• Accountant
• Human resource manager
• Business analyst
• IT engineers
• Flight attendant
• Ground staff, and many more.

Malaysia Airlines is one of the best companies to work in Malaysia if you want to work in the airline industry.

Visit website: Malaysia Airlines

7. Telekom Malaysia

Average salary: Based on 310 salaries from 135 job titles, the average salary for Telekom Malaysia employees is MYR 5,000 per month.

Number of employees: Telekom Malaysia employs around 24,000 people in Malaysia.

Industry: Telekom Malaysia is a telecommunications company.

What is Telekom Malaysia, and what does it do?

Telekom Malaysia is a telecommunications company providing fixed-line, mobile, and broadband services in Malaysia.

The company also provides telecommunication products and services for consumers and businesses.

What are the benefits of working for Telekom Malaysia?

Telekom Malaysia is one of the best-paying tech companies in Malaysia. The company provides a competitive salary and an extensive range of benefits, including:

• Medical insurance for employee and dependent
• Retirement plan
• Employee discounts
• Flexible work schedule
• Paid maternity leave and paternity leave
• Annual leave and sick leave

What are the job opportunities at Telekom Malaysia?

Telekom Malaysia is looking for talented professionals for the following positions:

• Accountant
• Sales executive
• Customer service agent
• Marketing analysts
• Business analysts
• IT engineers
• Telecommunications engineer and many more.

For those seeking a career in the telecommunications industry, Telekom Malaysia is the ideal corporation in Malaysia.

Visit website: Telekom Malaysia

8. Tenaga Nasional Berhad

Average salary: Based on 210 salaries from 110 job titles, the average salary for Tenaga Nasional Berhad employees is MYR 4,700 per month.

Number of employees: Tenaga Nasional Berhad employs more than 31,000 people in Malaysia.

Industry: It is an electrical power company.

What is Tenaga Nasional Berhad, and what does it do?

Tenaga Nasional Berhad is a Malaysian electric company. The company provides electrical power to Malaysia’s consumers and businesses.

What are the benefits of working for Tenaga Nasional Berhad?

Tenaga Nasional Berhad is one of the best companies to work for in Malaysia for expats and locals. The company provides a competitive salary and an extensive range of benefits, including:

• Medical insurance
• Life insurance
• Cell phone allowance
• Retirement plan
• Paid maternity leave and paternity leave
• Employee discounts
• Flexible work schedule
• Training and development opportunities

What are the job opportunities at Tenaga Nasional Berhad?

Tenaga Nasional Berhad is looking to recruit talented professionals for the following positions:

• Electrical engineers
• Mechanical engineers
• System engineers
• Business analysts
• Finance professionals
• IT professionals and many more.

Tenaga Nasional Berhad is the ideal organization to consider for those looking for jobs in an electrical power company.

Visit website: Telekom Malaysia

9. AIA Insurance Malaysia

Average salary: Based on 225 salaries from 110 job titles, the average salary for AIA Malaysia employees is MYR 4,700 per month.

Number of employees: AIA Malaysia employs around 2,200 people in Malaysia.

Industry: AIA Insurance is an insurance company.

What is AIA Insurance, and what does it do?

AIA Insurance is a multinational insurance company. It provides insurance to consumers and businesses in Malaysia.

What are the benefits of working for AIA Insurance?

AIA Insurance is one of the top paying companies in Malaysia. It provides a competitive salary and an extensive range of benefits, including:

• Medical insurance for employee and dependent
• Life insurance
• Discount on auto insurance
• Retirement plan
• Employee discounts
• Flexible work schedule
• Annual leave and sick leave

What are the job opportunities at AIA Insurance?

AIA Insurance is looking for talented professionals for the following positions:

• Accountants
• Financial analysts
• Claims adjusters
• Insurance advisor
• Business analysts
• Product pricing managers
• Business development strategists
• IT professionals and many more.

AIA Insurance is an excellent corps to consider for those seeking a career in the insurance industry.

Visit website: AIA Malaysia

10. Public Bank Berhad

Average salary: Based on 575 salaries from 160 job titles, the average salary for Public Bank Malaysia employees is MYR 3,700 per month.

Number of employees: Public Bank Berhad has over 19,000 employees in Malaysia.

Industry: Pubic Bank Berhad is a financial services company.

What is Public Bank Berhad, and what does it do?

Public Bank Berhad is Malaysia’s leading bank. The company provides many different types of banking products and services such as:

• Savings account
• Fixed deposits
• Car loan
• Home loan
• Credit cards
• Personal loans
• Business loans and many more.

Public Bank Berhad is also involved in the securities industry, providing services such as:

• Stockbroking
• Asset management
• Investment banking

What are the benefits of working for Public Bank Berhad?

Public Bank Berhad is one of the highest-paid companies in Malaysia. It provides a competitive salary and an extensive range of benefits, including:

• Medical insurance
• Low-interest employee loans (housing, vehicle, and other personal loans)
• Retirement plan
• Employee discounts
• Work-life balance programs, including flexible work hours
• Annual leave and sick leave
• Training opportunities and career advancement paths

What are the job opportunities at Public Bank Berhad?

Public Bank Berhad is looking for talented individuals with a range of experience and education to fill the following positions:

• Accountant
• IT compliance analyst
• Sales and marketing executives
• Branch managers
• Banking service managers
• Human resource managers
• Customer service managers
• Operations analyst
• IT engineers, and many more.

For those interested in financial services and banking, Public Bank Berhad is one of the top companies in Malaysia to start a career.

Visit website: Public Bank Malaysia

Summary chart for best-paid companies in Malaysia in 2024

S.N	Company	Average Monthly Salary
1	Shell Malaysia	MYR 10,675
2	PETRONAS	MYR 6,900
3	Nestle Malaysia	MYR 6,300
4	CIMB Group Holdings	MYR 6,100
5	Maybank	MYR 5,650
6	Malaysia Airlines	MYR 5,400
7	Telekom Malaysia	MYR 5,000
8	Tenaga Nasional Berhad	MYR 4,700
9	AIA Insurance Malaysia	MYR 4,700
10	Public Bank Berhad	MYR 3,700

FAQs about top-paying firms in Malaysia

Final thoughts

Keep in mind that the average salaries of these companies may not be the same for everyone. It depends on your position, experience, and other qualifications.

These companies are in order of payscale, not preference.

This list will be updated on an annual basis. So you can bookmark this page for future reference.

We hope this Dbd job guide will assist you in deciding which organization to work for in Malaysia.

Please share this information with your friends and family if you find this information helpful.