Average Cash Management Manager Salary in Malaysia for 2024

In this article, we will look at the average Cash Management Manager salary for 2024 in Malaysia 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 Cash Management Manager Make in Malaysia?

A Cash Management Manager working in Malaysia will typically earn around 113,280 MYR per year, and this can range from the lowest average salary of about 61,460 MYR to the highest average salary of 172,200 MYR.

Average Annual Salary
113,280 MYR
Average Monthly Salary
9,440 MYR

Lowest Annual Salary
61,460 MYR
Lowest Monthly Salary
5,121 MYR

Highest Annual Salary
172,200 MYR
Highest Monthly Salary
14,350 MYR

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

Cash Management Manager 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 Cash Management Manager Salaries in Malaysia

So we've looked at the average salaries a Cash Management Manager will earn in Malaysia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Cash Management Manager can earn between 61,460 MYR and 172,200 MYR on average in Malaysia. 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 Cash Management Manager in Malaysia is 106,160 MYR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 106,160 MYR, and 50% of the population earn more than 106,160 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 Cash Management Manager salary in Malaysia, 25% of the population are earning less than 73,020 MYR while 75% of the population earn more than 73,020 MYR.

75% of the population earn less than 128,900 MYR, and 25% of the population earn more than 128,900 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.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Cash Management Manager Salary by Experience Level in Malaysia

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 cash management manager 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 Cash Management Manager in Malaysia that has less than two years of experience can expect to earn somewhere in the region of 66,840 MYR.
  • 2 - 5 Years Experience. With two to five years of experience the average Cash Management Manager salary would increase to 85,940 MYR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Cash Management Manager, the average salary would be 117,600 MYR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 138,200 MYR.
  • 15 - 20 Years Experience. A Cash Management Manager with 15 to 20 years of experience can earn an average of 152,300 MYR.
  • 20+ Years Experience. For a Cash Management Manager with more than 20 years, the expected average salary increases to 161,300 MYR.

Average Salary by Experience Chart

0-2 Years
66,840 MYR
2-5 Years +23%
85,940 MYR
5-10 Years +42%
117,600 MYR
10-15 Years +17%
138,200 MYR
15-20 Years +10%
152,300 MYR
20+ Years +6%
161,300 MYR

Cash Management Manager Salary by Education Level in Malaysia

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 Cash Management Manager in Malaysia based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. A Cash Management Manager in Malaysia with a certificate or diploma education can earn an average salary of 85,940 MYR.

  • Bachelor's Degree. A Cash Management Manager in Malaysia with a bachelor's degree education can earn an average salary of 110,340 MYR.

  • Master's Degree. A Cash Management Manager in Malaysia with a master's degree education can earn an average salary of 157,600 MYR.

Average Salary by Education Chart

Certificate or Diploma
85,940 MYR
Bachelor's Degree +29%
110,340 MYR
Master's Degree +43%
157,600 MYR

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Malaysia is around 32,900 to 98,800 MYR and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Cash Management Manager 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 Malaysia, a male cash management manager will earn an average of 115,600 MYR, while a female cash management manager will earn around 106,760 MYR.

This means that a male cash management manager earns approximately 8% more than a female cash management manager for performing the same job.

Average Salary by Gender Chart in Malaysia

Male
115,600 MYR
Female -8%
106,760 MYR

Cash Management Manager Average Pay Raise in Malaysia

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 Cash Management Manager in Malaysia is around 13% 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 = ( 13 ÷ 17 ) × 12  = 9%

What this means is that a Cash Management Manager in Malaysia can expect to receive an average pay raise of around 9% every 12 months.

Annual Pay Raise by Industry in Malaysia 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.

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Cash Management Manager Bonus and Incentive Rates in Malaysia

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 Cash Management Manager is a high bonus based job, with 77% of employees reporting at least one bonus in the last 12 months.

23% 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 6% to 8%.

Received Bonus
77%
No Bonus
23%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

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.

Public Sector
81,960 MYR
Private Sector -11%
73,820 MYR

Salaries for Jobs Similar to a Cash Management Manager

In the table below, we have salary information for jobs that are similar to a Cash Management Manager in Malaysia.

Job Title Category Salary
Account Examiner Accounting and Finance 44,180 MYR
Account Executive Accounting and Finance 67,320 MYR
Accountant Accounting and Finance 54,700 MYR
Accounting Analyst Accounting and Finance 66,140 MYR
Accounting Assistant Accounting and Finance 43,340 MYR
Accounting Associate Accounting and Finance 40,600 MYR
Accounting Clerk Accounting and Finance 35,300 MYR
Accounting Coordinator Accounting and Finance 50,980 MYR
Accounting Head Accounting and Finance 111,240 MYR
Accounting Manager Accounting and Finance 119,500 MYR
Accounting Officer Accounting and Finance 40,640 MYR
Accounting Specialist Accounting and Finance 78,160 MYR
Accounting Supervisor Accounting and Finance 76,280 MYR
Accounting Technician Accounting and Finance 41,900 MYR
Accounting Unit Controller Accounting and Finance 93,340 MYR
Accounts Executive Accounting and Finance 69,260 MYR
Accounts Officer Accounting and Finance 42,040 MYR
Accounts Payable and Receivable Specialist Accounting and Finance 53,320 MYR
Accounts Payable Assistant Accounting and Finance 41,820 MYR
Accounts Payable Associate Accounting and Finance 48,760 MYR
Accounts Payable Clerk Accounting and Finance 44,180 MYR
Accounts Payable Manager Accounting and Finance 115,640 MYR
Accounts Receivable Administrator Accounting and Finance 85,880 MYR
Accounts Receivable Clerk Accounting and Finance 41,900 MYR
Accounts Receivable Financial Analyst Accounting and Finance 82,920 MYR
Accounts Receivable Manager Accounting and Finance 107,900 MYR
Accounts Receivable Team Leader Accounting and Finance 80,480 MYR
Assistant Accountant Accounting and Finance 46,280 MYR
Assistant Accounting Manager Accounting and Finance 106,780 MYR
Assistant Auditor Accounting and Finance 54,500 MYR
Assistant Corporate Controller Accounting and Finance 78,160 MYR
Assistant Finance Manager Accounting and Finance 123,400 MYR
Assistant Financial Controller Accounting and Finance 77,380 MYR
Audit Director Accounting and Finance 130,400 MYR
Audit Supervisor Accounting and Finance 97,840 MYR
Auditing Clerk Accounting and Finance 42,040 MYR
Auditing Manager Accounting and Finance 113,420 MYR
Billing Clerk Accounting and Finance 43,340 MYR
Billing Coordinator Accounting and Finance 50,580 MYR
Billing Specialist Accounting and Finance 57,800 MYR
Billing Supervisor Accounting and Finance 83,420 MYR
Bookkeeper Accounting and Finance 38,140 MYR
Bookkeeping Specialist Accounting and Finance 54,280 MYR
Budget Analyst Accounting and Finance 101,020 MYR
Budget Manager Accounting and Finance 111,240 MYR
Business Support Analyst Accounting and Finance 63,500 MYR
Capital Markets Associate Accounting and Finance 85,440 MYR
Cash Flow Analyst Accounting and Finance 82,720 MYR
Cash Management Officer Accounting and Finance 69,240 MYR
Cashbook Clerk Accounting and Finance 38,700 MYR
Chartered Accountant Accounting and Finance 69,540 MYR
Chief Accountant Accounting and Finance 81,880 MYR
Collections Clerk Accounting and Finance 34,360 MYR
Collections Representative Accounting and Finance 45,580 MYR
Collections Specialist Accounting and Finance 60,400 MYR
Corporate Controller Accounting and Finance 90,900 MYR
Corporate Treasurer Accounting and Finance 109,460 MYR
Cost Accountant Accounting and Finance 55,220 MYR
Cost Accounting Manager Accounting and Finance 106,760 MYR
Cost Accounting Supervisor Accounting and Finance 92,400 MYR
Cost Analyst Accounting and Finance 89,800 MYR
Credit and Collection Manager Accounting and Finance 106,360 MYR
Credit and Collection Staff Accounting and Finance 43,480 MYR
Credit and Loans Officer Accounting and Finance 42,460 MYR
Credit Controller Accounting and Finance 83,020 MYR
Credit Manager Accounting and Finance 123,400 MYR
Debt Adviser Accounting and Finance 97,060 MYR
Debt Collector Accounting and Finance 45,200 MYR
Debtors Clerk Accounting and Finance 38,340 MYR
Debtors Controller Accounting and Finance 40,640 MYR
Deputy CFO Accounting and Finance 157,600 MYR
Deputy Head of Finance Accounting and Finance 151,800 MYR
Derivative Trader Accounting and Finance 97,640 MYR
Director of Finance Accounting and Finance 172,200 MYR
Economist Accounting and Finance 128,500 MYR
Equity Analyst Accounting and Finance 104,600 MYR
Escrow Assistant Accounting and Finance 48,640 MYR
Executive Accountant Accounting and Finance 66,000 MYR
External Auditor Accounting and Finance 78,400 MYR
Finance Administrator Accounting and Finance 69,240 MYR
Finance Analyst Accounting and Finance 103,600 MYR
Finance Associate Accounting and Finance 45,580 MYR
Finance Director Accounting and Finance 164,200 MYR
Finance Executive Accounting and Finance 119,700 MYR
Finance Licensing Clerk Accounting and Finance 42,460 MYR
Finance Licensing Manager Accounting and Finance 112,620 MYR
Finance Licensing Specialist Accounting and Finance 58,000 MYR
Finance Manager Accounting and Finance 161,300 MYR
Finance Officer Accounting and Finance 54,560 MYR
Finance President Accounting and Finance 172,200 MYR
Finance Relationship Manager Accounting and Finance 129,000 MYR
Finance Release Analyst Accounting and Finance 66,000 MYR
Finance Specialist Accounting and Finance 88,020 MYR
Finance Team Leader Accounting and Finance 125,700 MYR
Financial Accountant Accounting and Finance 54,500 MYR
Financial Actuary Accounting and Finance 85,460 MYR
Financial Administrator Accounting and Finance 89,980 MYR
Financial Advisor Accounting and Finance 98,960 MYR
Financial Analyst Accounting and Finance 107,680 MYR
Financial Applications Specialist Accounting and Finance 70,840 MYR
Financial Assistant Accounting and Finance 41,820 MYR
Financial Associate Accounting and Finance 45,200 MYR
Financial Associate Accounting and Finance 54,700 MYR
Financial Claims Analyst Accounting and Finance 74,300 MYR
Financial Claims Manager Accounting and Finance 104,500 MYR
Financial Claims Supervisor Accounting and Finance 90,980 MYR
Financial Clerk Accounting and Finance 42,320 MYR
Financial Commercial Analyst Accounting and Finance 80,060 MYR
Financial Compliance Analyst Accounting and Finance 86,740 MYR
Financial Consultant Accounting and Finance 74,620 MYR
Financial Controller Accounting and Finance 89,800 MYR
Financial Controller Accounting and Finance 92,900 MYR
Financial Coordinator Accounting and Finance 52,460 MYR
Financial Customer Service Manager Accounting and Finance 100,580 MYR
Financial Dealer and Broker Accounting and Finance 60,600 MYR
Financial Director Accounting and Finance 159,100 MYR
Financial Encoder Accounting and Finance 45,720 MYR
Financial Manager Accounting and Finance 151,800 MYR
Financial Manager Accounting and Finance 152,000 MYR
Financial Operations Manager Accounting and Finance 143,200 MYR
Financial Policy Analyst Accounting and Finance 88,300 MYR
Financial Project Manager Accounting and Finance 111,240 MYR
Financial Quantitative Analyst Accounting and Finance 97,640 MYR
Financial Reporting Consultant Accounting and Finance 80,060 MYR
Financial Reporting Manager Accounting and Finance 109,460 MYR
Financial Section Head Accounting and Finance 102,960 MYR
Financial Services Manager Accounting and Finance 143,200 MYR
Financial Services Sales Agent Accounting and Finance 58,280 MYR
Fixed Assets Administrator Accounting and Finance 59,000 MYR
Forensic Accountant Accounting and Finance 64,180 MYR
Fraud Detection Supervisor Accounting and Finance 67,800 MYR
Fraud Prevention Manager Accounting and Finance 116,780 MYR
Fund Accountant Accounting and Finance 51,340 MYR
Grants Coordinator Accounting and Finance 41,820 MYR
Group Financial Manager Accounting and Finance 167,100 MYR
Internal Auditor Accounting and Finance 79,280 MYR
Internal Control Adviser Accounting and Finance 88,600 MYR
Internal Control Officer Accounting and Finance 50,340 MYR
International Tax Director Accounting and Finance 128,500 MYR
Inventory Accountant Accounting and Finance 62,100 MYR
Investment Advisor Accounting and Finance 151,800 MYR
Investment Analyst Accounting and Finance 112,180 MYR
Investment Associate Accounting and Finance 90,620 MYR
Investment Broker Accounting and Finance 89,120 MYR
Investment Fund Manager Accounting and Finance 127,700 MYR
Investment Operations Manager Accounting and Finance 125,100 MYR
Investment Underwriter Accounting and Finance 48,940 MYR
Investor Accounting and Finance 72,740 MYR
Investor Relations Manager Accounting and Finance 107,960 MYR
KYC Team Leader Accounting and Finance 112,460 MYR
Loan Processor Accounting and Finance 44,720 MYR
Management Accountant Accounting and Finance 63,700 MYR
Management Economist Accounting and Finance 127,700 MYR
Paymaster Accounting and Finance 46,720 MYR
Payroll Administrator Accounting and Finance 73,800 MYR
Payroll Benefits Coordinator Accounting and Finance 62,100 MYR
Payroll Billing Manager Accounting and Finance 105,980 MYR
Payroll Clerk Accounting and Finance 50,340 MYR
Payroll Manager Accounting and Finance 101,020 MYR
Payroll Officer Accounting and Finance 50,520 MYR
Payroll Specialist Accounting and Finance 57,900 MYR
Payroll Supervisor Accounting and Finance 72,780 MYR
Pensions Administrator Accounting and Finance 57,900 MYR
Personal Financial Advisor Accounting and Finance 83,640 MYR
Pricing Analyst Accounting and Finance 90,980 MYR
Private Equity Analyst Accounting and Finance 103,260 MYR
Project Accountant Accounting and Finance 62,100 MYR
Proposal Development Coordinator Accounting and Finance 47,580 MYR
Receivables Accountant Accounting and Finance 52,380 MYR
Regulatory Accountant Accounting and Finance 66,020 MYR
Retirement Plan Analyst Accounting and Finance 90,900 MYR
Revenue Management Specialist Accounting and Finance 97,060 MYR
Revenue Recognition Analyst Accounting and Finance 108,800 MYR
Risk Management Director Accounting and Finance 137,400 MYR
Risk Management Supervisor Accounting and Finance 115,640 MYR
Staff Accountant Accounting and Finance 50,540 MYR
Tax Accountant Accounting and Finance 52,540 MYR
Tax Administrator Accounting and Finance 64,300 MYR
Tax Advisor Accounting and Finance 85,460 MYR
Tax Analyst Accounting and Finance 87,000 MYR
Tax Associate Accounting and Finance 45,720 MYR
Tax Consultant Accounting and Finance 91,960 MYR
Tax Director Accounting and Finance 127,700 MYR
Tax Examiner Accounting and Finance 60,600 MYR
Tax Manager Accounting and Finance 112,420 MYR
Tax Research Manager Accounting and Finance 117,100 MYR
Teller Accounting and Finance 34,960 MYR
Treasury Accountant Accounting and Finance 57,440 MYR
Treasury Analyst Accounting and Finance 94,800 MYR
Underwriter Accounting and Finance 37,380 MYR
Underwriting Assistant Accounting and Finance 38,180 MYR
Vice President of Finance Accounting and Finance 154,700 MYR

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.

City Average Salary
Ampang 118,130 MYR
Ipoh 141,440 MYR
Johor Bahru 136,070 MYR
Klang 126,100 MYR
Kota Kinabalu 129,540 MYR
Kuala Lumpur 143,900 MYR
Kuching 131,520 MYR
Petaling Jaya 138,890 MYR
Shah Alam 139,550 MYR
Subang Jaya 127,600 MYR

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