Average Research Analyst Salary in Malaysia for 2024

In this article, we will look at the average Research Analyst 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 Research Analyst Make in Malaysia?

A Research Analyst working in Malaysia will typically earn around 66,820 MYR per year, and this can range from the lowest average salary of about 36,940 MYR to the highest average salary of 97,840 MYR.

Average Annual Salary
66,820 MYR
Average Monthly Salary
5,568 MYR

Lowest Annual Salary
36,940 MYR
Lowest Monthly Salary
3,078 MYR

Highest Annual Salary
97,840 MYR
Highest Monthly Salary
8,153 MYR

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

Research Analyst 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 Research Analyst Salaries in Malaysia

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

Salary ranges

We already know that a Research Analyst can earn between 36,940 MYR and 97,840 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 Research Analyst in Malaysia is 61,460 MYR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 61,460 MYR, and 50% of the population earn more than 61,460 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 Research Analyst salary in Malaysia, 25% of the population are earning less than 44,300 MYR while 75% of the population earn more than 44,300 MYR.

75% of the population earn less than 72,700 MYR, and 25% of the population earn more than 72,700 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.

Research Analyst 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 research analyst 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 Research Analyst in Malaysia that has less than two years of experience can expect to earn somewhere in the region of 38,780 MYR.
  • 2 - 5 Years Experience. With two to five years of experience the average Research Analyst salary would increase to 50,660 MYR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Research Analyst, the average salary would be 67,300 MYR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 79,000 MYR.
  • 15 - 20 Years Experience. A Research Analyst with 15 to 20 years of experience can earn an average of 89,800 MYR.
  • 20+ Years Experience. For a Research Analyst with more than 20 years, the expected average salary increases to 95,760 MYR.

Average Salary by Experience Chart

0-2 Years
38,780 MYR
2-5 Years +26%
50,660 MYR
5-10 Years +32%
67,300 MYR
10-15 Years +18%
79,000 MYR
15-20 Years +11%
89,800 MYR
20+ Years +6%
95,760 MYR

Research Analyst 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 Research Analyst in Malaysia 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 Research Analyst in Malaysia with a high school education can earn an average salary of 48,760 MYR.

  • Certificate or Diploma. A Research Analyst in Malaysia with a certificate or diploma education can earn an average salary of 54,500 MYR.

  • Bachelor's Degree. A Research Analyst in Malaysia with a bachelor's degree education can earn an average salary of 75,040 MYR.

  • Master's Degree. A Research Analyst in Malaysia with a master's degree education can earn an average salary of 91,580 MYR.

Average Salary by Education Chart

High School
48,760 MYR
Certificate or Diploma +13%
54,500 MYR
Bachelor's Degree +32%
75,040 MYR
Master's Degree +24%
91,580 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.

Research Analyst 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 research analyst will earn an average of 67,020 MYR, while a female research analyst will earn around 61,620 MYR.

This means that a male research analyst earns approximately 9% more than a female research analyst for performing the same job.

Average Salary by Gender Chart in Malaysia

Male
67,020 MYR
Female -9%
61,620 MYR

Research Analyst 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 Research Analyst in Malaysia 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 Research Analyst in Malaysia can expect to receive an average pay raise of around 8% 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%

Research Analyst 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 Research Analyst is a moderate bonus based job, with 50% of employees reporting at least one bonus in the last 12 months.

50% 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 4% to 5%.

Received Bonus
50%
No Bonus
50%

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 Research Analyst

In the table below, we have salary information for jobs that are similar to a Research Analyst in Malaysia.

Job Title Category Salary
Acquisition Associate Real Estate 68,060 MYR
Assistant Leasing Manager Real Estate 81,960 MYR
Assistant Property Manager Real Estate 84,580 MYR
Brokerage Real Estate 66,840 MYR
Brokerage Clerk Real Estate 34,360 MYR
Commercial Leasing Manager Real Estate 130,400 MYR
Commercial Real Estate Manager Real Estate 142,300 MYR
Community Development Manager Real Estate 128,500 MYR
Compliance Specialist Real Estate 60,460 MYR
Development Coordinator Real Estate 66,020 MYR
Director of Real Estate Real Estate 157,600 MYR
Lease Administrator Real Estate 87,520 MYR
Leasing Agent Real Estate 69,060 MYR
Leasing Consultant Real Estate 81,180 MYR
Leasing Manager Real Estate 88,480 MYR
Lettings Assistant Real Estate 35,560 MYR
Portfolio Analyst Real Estate 117,380 MYR
Portfolio Manager Real Estate 151,800 MYR
Property Acquisition Agent Real Estate 60,600 MYR
Property and Claims Specialist Real Estate 78,620 MYR
Property Manager Real Estate 102,160 MYR
Property Operations Manager Real Estate 146,200 MYR
Property Tax Assistant Real Estate 68,060 MYR
Real Estate Administrator Real Estate 75,980 MYR
Real Estate Agent Real Estate 66,840 MYR
Real Estate Analyst Real Estate 83,100 MYR
Real Estate Appraiser Real Estate 67,320 MYR
Real Estate Appraiser Real Estate 69,260 MYR
Real Estate Appraiser Real Estate 73,820 MYR
Real Estate Assistant Real Estate 64,720 MYR
Real Estate Association Manager Real Estate 94,940 MYR
Real Estate Broker Real Estate 67,020 MYR
Real Estate General Manager Real Estate 137,400 MYR
Real Estate Project Director Real Estate 136,200 MYR
Real Estate Project Manager Real Estate 125,100 MYR
Real Estate Sales Agent Real Estate 66,120 MYR
Real Estate Valuer Real Estate 67,320 MYR
Residential Advisor Real Estate 80,540 MYR
Residential Property Manager Real Estate 92,720 MYR
Shopping Center Manager Real Estate 151,800 MYR
Town Planner Real Estate 148,300 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 58,440 MYR
Ipoh 69,240 MYR
Johor Bahru 60,920 MYR
Klang 60,880 MYR
Kota Kinabalu 60,880 MYR
Kuala Lumpur 68,580 MYR
Kuching 63,320 MYR
Petaling Jaya 66,440 MYR
Shah Alam 61,840 MYR
Subang Jaya 60,160 MYR

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