Average Brokerage Clerk Salary in Ipoh, Malaysia for 2024

In this article, we will look at the average Brokerage Clerk salary for 2024 in Ipoh and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Malaysian ringgit. To keep things simple, we are using the MYR currency code instead of the currency symbol RM.

How Much Does a Brokerage Clerk Make in Ipoh?

A Brokerage Clerk working in Ipoh will typically earn around 36,700 MYR per year, and this can range from the lowest average salary of about 18,780 MYR to the highest average salary of 58,240 MYR.

These are average salaries for a Brokerage Clerk in Ipoh and include benefits such as housing and transport. It's also possible for a Brokerage Clerk to earn more or less than the average salaries shown above.

Brokerage Clerk salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Brokerage Clerk Salaries in Ipoh

So we've looked at the average salaries a Brokerage Clerk will earn in Ipoh. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Brokerage Clerk can earn between 18,780 MYR and 58,240 MYR on average in Ipoh. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Brokerage Clerk in Ipoh is 39,960 MYR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 39,960 MYR, and 50% of the population earn more than 39,960 MYR.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Brokerage Clerk salary in Ipoh, 25% of the population are earning less than 25,940 MYR while 75% of the population earn more than 25,940 MYR.

75% of the population earn less than 49,020 MYR, and 25% of the population earn more than 49,020 MYR.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

Brokerage Clerk Salary by Experience Level in Ipoh

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average brokerage clerk salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

• 0 - 2 Years Experience. A Brokerage Clerk in Ipoh that has less than two years of experience can expect to earn somewhere in the region of 21,380 MYR.
• 2 - 5 Years Experience. With two to five years of experience the average Brokerage Clerk salary would increase to 31,540 MYR.
• 5 - 10 Years Experience. From five to ten years of experience as a Brokerage Clerk, the average salary would be 39,800 MYR.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 47,580 MYR.
• 15 - 20 Years Experience. A Brokerage Clerk with 15 to 20 years of experience can earn an average of 50,980 MYR.
• 20+ Years Experience. For a Brokerage Clerk with more than 20 years, the expected average salary increases to 54,500 MYR.

Average Salary by Experience Chart

Brokerage Clerk Salary by Education Level in Ipoh

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Brokerage Clerk in Ipoh based on the education level of the employees in order to find out whether a better education level would increase your salary.

• High School. A Brokerage Clerk in Ipoh with a high school education can earn an average salary of 24,720 MYR.

• Certificate or Diploma. A Brokerage Clerk in Ipoh with a certificate or diploma education can earn an average salary of 38,060 MYR.

• Bachelor's Degree. A Brokerage Clerk in Ipoh with a bachelor's degree education can earn an average salary of 50,520 MYR.

Average Salary by Education Chart

Brokerage Clerk Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Ipoh, a male brokerage clerk will earn an average of 38,260 MYR, while a female brokerage clerk will earn around 32,420 MYR.

This means that a male brokerage clerk earns approximately 18% more than a female brokerage clerk for performing the same job.

Average Salary by Gender Chart in Ipoh

Brokerage Clerk Average Pay Raise in Ipoh

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Brokerage Clerk in Ipoh is around 11% every 17 months.

The national average pay raise across all professions and industries in Malaysia is around 9% every 17 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 11 ÷ 17 ) × 12  = 8%

What this means is that a Brokerage Clerk in Ipoh can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Ipoh for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Malaysia.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Brokerage Clerk Bonus and Incentive Rates in Ipoh

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Brokerage Clerk is a low bonus based job, with 31% of employees reporting at least one bonus in the last 12 months.

69% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 0% to 4%.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Malaysia earn approximately 11% more than private sector employees in the same role.

Salaries for Jobs Similar to a Brokerage Clerk

In the table below, we have salary information for jobs that are similar to a Brokerage Clerk in Ipoh.

Salary Comparison by City

If you want to compare salaries with different cities in Malaysia, you can use the links below to explore the data for each specific city we have researched.

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!