Average Policy Change Director Salary in Ipoh, Malaysia for 2024

In this article, we will look at the average Policy Change Director 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 Policy Change Director Make in Ipoh?

A Policy Change Director working in Ipoh will typically earn around 128,500 MYR per year, and this can range from the lowest average salary of about 61,840 MYR to the highest average salary of 204,700 MYR.

Average Annual Salary
128,500 MYR
Average Monthly Salary
10,708 MYR

Lowest Annual Salary
61,840 MYR
Lowest Monthly Salary
5,153 MYR

Highest Annual Salary
204,700 MYR
Highest Monthly Salary
17,058 MYR

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

Policy Change Director 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 Policy Change Director Salaries in Ipoh

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

Salary ranges

We already know that a Policy Change Director can earn between 61,840 MYR and 204,700 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 Policy Change Director in Ipoh is 136,100 MYR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 136,100 MYR, and 50% of the population earn more than 136,100 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 Policy Change Director salary in Ipoh, 25% of the population are earning less than 87,040 MYR while 75% of the population earn more than 87,040 MYR.

75% of the population earn less than 174,000 MYR, and 25% of the population earn more than 174,000 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.

Policy Change Director 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 policy change director 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 Policy Change Director in Ipoh that has less than two years of experience can expect to earn somewhere in the region of 72,700 MYR.
  • 2 - 5 Years Experience. With two to five years of experience the average Policy Change Director salary would increase to 102,160 MYR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Policy Change Director, the average salary would be 136,200 MYR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 168,100 MYR.
  • 15 - 20 Years Experience. A Policy Change Director with 15 to 20 years of experience can earn an average of 176,800 MYR.
  • 20+ Years Experience. For a Policy Change Director with more than 20 years, the expected average salary increases to 194,600 MYR.

Average Salary by Experience Chart

0-2 Years
72,700 MYR
2-5 Years +42%
102,160 MYR
5-10 Years +31%
136,200 MYR
10-15 Years +23%
168,100 MYR
15-20 Years +6%
176,800 MYR
20+ Years +10%
194,600 MYR

Policy Change Director 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 Policy Change Director in Ipoh based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Policy Change Director in Ipoh with a bachelor's degree education can earn an average salary of 113,840 MYR.

  • Master's Degree. A Policy Change Director in Ipoh with a master's degree education can earn an average salary of 161,600 MYR.

Average Salary by Education Chart

Bachelor's Degree
113,840 MYR
Master's Degree +43%
161,600 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.

Policy Change Director 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 policy change director will earn an average of 127,700 MYR, while a female policy change director will earn around 115,520 MYR.

This means that a male policy change director earns approximately 11% more than a female policy change director for performing the same job.

Average Salary by Gender Chart in Ipoh

Male
127,700 MYR
Female -11%
115,520 MYR

Policy Change Director 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 Policy Change Director in Ipoh is around 13% every 18 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 ÷ 18 ) × 12  = 9%

What this means is that a Policy Change Director in Ipoh can expect to receive an average pay raise of around 9% 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.

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

Policy Change Director 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 Policy Change Director is a moderate bonus based job, with 59% of employees reporting at least one bonus in the last 12 months.

41% 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 2% to 7%.

Received Bonus
59%
No Bonus
41%

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 Policy Change Director

In the table below, we have salary information for jobs that are similar to a Policy Change Director in Ipoh.

Job Title Category Salary
Actuarial Analyst Insurance 104,140 MYR
Actuarial Assistant Insurance 75,100 MYR
Actuarial Specialist Insurance 80,340 MYR
Actuary Insurance 109,000 MYR
Adjustment Insurance Clerk Insurance 26,860 MYR
Assistant Broker Insurance 51,100 MYR
Assistant Claims Manager Insurance 87,940 MYR
Associate Insurance Representative Insurance 41,900 MYR
Auditing Insurance Manager Insurance 119,500 MYR
Broker Insurance 78,420 MYR
Claim Advocacy Professional Insurance 79,240 MYR
Claims Adjuster Insurance 31,660 MYR
Claims Analyst Insurance 43,080 MYR
Claims Examiner Insurance 41,900 MYR
Claims Manager Insurance 114,900 MYR
Claims Processor Insurance 29,160 MYR
Claims Representative Insurance 35,300 MYR
Claims Resolution Specialist Insurance 86,640 MYR
Claims Supervisor Insurance 75,100 MYR
Complaints Specialist Insurance 69,240 MYR
Compliance Examiner Insurance 72,260 MYR
Compliance Officer Insurance 67,360 MYR
Compliance Reviewer Insurance 75,280 MYR
Consultant Insurance 75,100 MYR
Eligibility Interviewer Insurance 83,200 MYR
Eligibility Specialist Insurance 78,260 MYR
Insurance Account Manager Insurance 102,160 MYR
Insurance Accounts Executive Insurance 86,640 MYR
Insurance Adjuster Insurance 78,160 MYR
Insurance Agent Insurance 47,400 MYR
Insurance Analyst Insurance 80,020 MYR
Insurance Appraiser Insurance 81,180 MYR
Insurance Claims Clerk Insurance 26,860 MYR
Insurance Examiner Insurance 72,380 MYR
Insurance Investigator Insurance 75,100 MYR
Insurance Manager Insurance 137,400 MYR
Insurance Operations Manager Insurance 142,300 MYR
Insurance Policy Processing Clerk Insurance 29,600 MYR
Insurance Pricing Assistant Insurance 64,620 MYR
Insurance Program Manager Insurance 107,900 MYR
Insurance Project Manager Insurance 98,820 MYR
Insurance Quality Assurance Agent Insurance 67,800 MYR
Insurance Sales Agent Insurance 47,760 MYR
Insurance Sales Director Insurance 134,600 MYR
Insurance Sales Manager Insurance 106,360 MYR
Insurance Sales Representative Insurance 40,600 MYR
Insurance Team Leader Insurance 82,520 MYR
Insurance Underwriter Insurance 60,400 MYR
Loss Control Specialist Insurance 76,280 MYR
Loss Prevention Investigator Insurance 84,880 MYR
Loss Prevention Manager Insurance 112,420 MYR
Loss Prevention Specialist Insurance 85,940 MYR
Marine Underwriter Insurance 57,800 MYR
Medical Auditor Insurance 80,060 MYR
Monitoring and Performance Officer Insurance 57,900 MYR
Payment Services Specialist Insurance 81,180 MYR
Policy Change Supervisor Insurance 87,020 MYR
Policy Change Technician Insurance 40,560 MYR
Risk Analyst Insurance 88,260 MYR
Risk Management Director Insurance 157,600 MYR
Risk Management Supervisor Insurance 104,500 MYR
Risk Manager Insurance 142,300 MYR
Risk Modeling Manager Insurance 150,000 MYR
Title Insurance Typist Insurance 66,440 MYR
Training Manager Insurance 87,640 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 112,440 MYR
Johor Bahru 128,500 MYR
Klang 125,100 MYR
Kota Kinabalu 119,900 MYR
Kuala Lumpur 138,200 MYR
Kuching 127,700 MYR
Petaling Jaya 139,100 MYR
Shah Alam 128,500 MYR
Subang Jaya 118,260 MYR

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!

  • "Average Policy Change Director Salary in Ipoh, Malaysia for 2024". World Salaries. Accessed on April 27, 2024. https://worldsalaries.com/average-policy-change-director-salary-in-ipoh/malaysia/.

  • "Average Policy Change Director Salary in Ipoh, Malaysia for 2024". World Salaries, https://worldsalaries.com/average-policy-change-director-salary-in-ipoh/malaysia/. Accessed 27 April, 2024

  • Average Policy Change Director Salary in Ipoh, Malaysia for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-policy-change-director-salary-in-ipoh/malaysia/.