View the profiles of Malaysia’s 100 Leading Graduate Employers, sorted by sector.
Accounting and Professional Services
Accounting is known as the language of business, it is the vehicle for reporting financial information of corporations to many different groups of people. While the primary role of accountants is to provide professional services to clients to ensure that they are financially sound and compliant with business legislations, accounting firms today also offer a wide range of services including audit, assurance, tax, consulting, advisory, actuarial, corporate finance and legal services.
Accountants are expected to have a bachelors in accounting obtained from a four-year university enrolment. While one can qualify to be an accountant with just a bachelors degree, it will not meet the requirements of being a Certified Public Accountant (CPA).
The future for graduates is bright in this sector; much of this is reflected by the increase in complexity of corporate transactions. However, accounting and professional services professionals need to be lifelong learners who can work with people in all areas in business, government bodies and also voluntary sectors.
Banking and Financial Services
Malaysias banking and financial sector has bravely weathered the volatility of the global economic crisis. While many EU countries struggled in the face of the recent economic onslaught, none of our local banking conglomerates reported liquidity problems or suffered from significant upswing from non-performing loans. The relatively healthy state of the financial sector is result of the financial reforms that were implemented following the Asian Financial Crisis that took place in 1997 to 1998.
In 2013, the Malaysian banking sector is expected to show considerably good growth. According to OSK Research, a benevolent non-performing loan outlook coupled with a potential upside surprise of stronger and higher margins of small and medium loans due to the trickle-down effect from the governments Economic Transformation Project (ETP) could unexpectedly boost the growth of the Malaysian banking sector by up to 10%. Propelled by strong domestic demands, the economy is likely to ride out a weak global economic environment and enjoy robust growth this year.
The growth of the Malaysian economy will have a strong positive impact on the growth of the banking and financial sector. Graduates from all disciplines will be able to find employment opportunities within the industry. However, new starters in this field will need to be prepared to overcome a steep learning curve.
The media industry in Malaysia can be categorised into three major segments print, broadcast and new media.
The breadth of media job opportunities has expanded greatly with the growing dominance of the Internet. Online skills are rapidly becoming essential in this field, in line with the catapulting rise in popularity of social networks, e-books and e-commerce. This means that employers are actively searching for graduates who can contribute knowledge in these areas. To remain relevant in these ever changing times, print publishers are already finding ways to evolve their print offerings. Hence, people with skills to write, design and plan for the web will be much needed.
Graduates will find it important to have multiple skills. For those who wish to work in broadcasting and media, the door will be open to those who are ready and willing to learn, grow and adapt in this fast-paced and exciting industry.
The services of consultants help organisations improve their performances, primarily through analysis of existing organisational problems and the development of plans for improvements of business performances. Thus, the everyday work of a consultant is often diverse and complex. Much of it also depends on the type of consulting firm, the nature of the project and the demands and expectations of the client.
Consultants provide assistance by sharing objective advice, expertise and specialised skills that maybe lacking some companies. Some consulting firms offer a wide range of services across different sectors, including but not limited to the financial, information technology, management, human resource, legal and hospitality industries. There are also consulting firms that serve niche sectors such as advertising, environmental consulting, energy consulting, political consulting etc. Depending on the scale and type of project, they can involve one person or a group of people. Sometimes, a consultant could be based overseas.
Consultancy is seen as an exciting and fascinating career choice by many graduates. It is one of the top graduate career choices, possibly due to its high variety of tasks, intellectual challenge, opportunities to make a genuine impact and potential to reap lucrative financial rewards.
Energy/Oil and Gas/Utilities
The oil and gas industry, in general, is ramping up for greater production in 2013. Coming off a slowdown of sorts in 2012, efforts will be undertaken in 2013 to address an overall decline in the nation’s oil production.
On top of the development of marginal fields which is seen as crucial to the sustainment of oil and gas production the nation’s ambition to be a regional deepwater hub is also expected to push the sector into new territory. It is believed that Malaysia has deepwater reserves potential amounting to around 10 billion barrels of oil equivalent (BBOE), out of which only 3 billion BBOE has been discovered.
The energy sector as a whole is set to grow even more promising for graduates. The ongoing power needs make the sector practically recession proof, even during tough economic times.
The fast-moving consumer goods (FMCG) industry is an important business segment for any country’s economy. It spans a myriad of product categories, which include food and dairy, consumer electronics, household products and garment manufacturing, to name but a few.
Generally, experts also opine that the industry is one of the best for fresh graduates to gain a host of experience and knowledge, as it exposes them to many different business segments such as marketing, sales, finance and consulting all at the same time.
The opportunity for advancement, hence higher salaries and better perks is also high in the industry so long as you are willing to put in hard work as there are so many parts to the FMCG value chain.
ICT and Multimedia
The information and communications technology (ICT) and multimedia sector include a wide array of organizations, from tiny start-ups to some of the world's largest multinational companies.
In Malaysia, the sector contributes about 10% of gross domestic product (GDP). Such is its importance to the growth of the economy that the government is relentless in its pursuit of global dominance in this field. Already identified as one of the 12 National Key Economic Areas (NKEA) under Communications Content and Infrastructure, the ICT and multimedia sector is set to receive a shot in the arm through the effective implementation of 131 Entry Point Projects (EPP). The EPP are high impact projects aimed at spurring the growth of all 12 NKEA.
Such efforts, coupled with Malaysia's attractiveness as one of the leading shared services outsourcing (SS0) destinations in the world, are central to the sector's rapid development - both on the local front and global scale. Most importantly, these efforts are key in creating a steady stream of lucrative career opportunities for a new generation of K-workers who are eager to prove their worth in the world.
The insurance industry in Malaysia is buoyant, amidst economic uncertainties in other parts of the world. Key to the progress of the sector is the growing demand for insurance products by the general public.
According to figures by the General Insurance Association of Malaysia (PIAM), the general insurance industry registered robust growth in 2011.
Such consistent growth in the general insurance industry is creating ample opportunities for graduates. One of the chief outcomes is the rise of potential for general insurance agents.
Apart from the increasing demand for conventional insurance products, the surging popularity of takaful insurance amongst both Muslim and non-Muslim consumers remains a major contributor to the insurance industry. Over the last few years, the number of takaful agents has grown exponentially keeping Malaysia’s reputation as a fertile hotbed for Islamic insurance intact. There are currently has 12 licensed takaful operators in the country all of which are bidding to increase the penetration rate into a market that is primed for rapid expansion.
Leisure, Travel and Hospitality
Malaysia is blessed with both nature and culture, and it is no wonder that tourism is ranked as the country's seventh largest economic contributor with a gross national income (GNI) of RM37.4bil in 2011.
Since being identified as a National Key Economic Area (NKEA), the tourism sector has experienced consistent growth with more plans and initiatives to enhance the sector's wealth.
The sector is expected to generate RM103.6bil of the nation's GNI and create 37,900 jobs by 2020.
Manufacturing - Automotive
The South-East Asian automotive industry continues to recuperate from the devastating effects of the floods that hit Thailand in late 2011. Japanese automobile manufacturers who were still reeling from the recordbreaking earthquake that struck the country in March the same year were preparing for increased production in overseas plants when the floods occurred.
This revival is directly impacting Malaysia’s ever-growing automotive sector, paving the way for greater long-term opportunities for graduates. Numbers by the Malaysian Automotive Association(MAA) pointed at a solid performance in 2012. According to data released by the association, the total industry volume (TIV) for automotive sales in the country hit 84% or 513,805 units of MAA’s estimate for the 10 months of financial year 2012.
The government is also taking steps to bolster the automotive sector. Perhaps the most significant of all the efforts will be the revision of the National Automotive Policy (NAP) a roadmap that aims to increase the competitiveness of local car manufacturers Proton and Perodua as well as raise Malaysia’s status as a regional hub for energy efficient vehicles by 2015. The NAP was introduced in early 2006 to facilitate the required transformation and optimal integration of the local automotive industry.
Manufacturing - Chemicals and Heavy Industries
Manufacturing - Electronics
Although it is considered a relatively new sector, pharmaceutical has shown progressive growth over the last 10 years. In 2009, the total market size was reportedly worth RM7.5bil. Generally, the industry categorises itself into four sections, prescription medicines, over the counter (OTC), traditional medicine and health and food supply.
Malaysia exports its pharmaceutical products to South East Asia, the Middle East and Africa with new frontiers being explored beyond these markets. Export growth annually is steady between 10% to 12%.
Research and development in pharmaceutical products is highly regarded and emphasised in Malaysia with internal and external collaboration with local universities. Malaysia strongly regulates the manufacturing and marketing of drugs. In 2002, Malaysia became a member of the Pharmaceutical Inspection Corporation/Scheme (PIC/S) that allows local manufacturers to share ideas and training opportunities within a global network. By being a member, Malaysia is also able to export its pharmaceutical products to other member countries such as Australia, Canada and the EU.
Apart from the high standards and international quality controls of Malaysian drugs, manufacturers enjoy ample infrastructure support via free zones, industrial parks and estates strategically located near air and sea ports.
Plantation/Property and Construction
The constant need for residential, commercial and industrial space is the reason why the property industry in Malaysia is still growing amidst the global economic crisis.
In the latest move to address the issue, the government established the People’s Housing Programme (PR1MA) and has allocated RM500mil for the development of affordable homes. In addition to that, the government has also eased loan requirements for homebuyers under My First Home Scheme, encouraging more young families to own a home.
Greater KL, Penang and Johor as well as East Malaysia are buzzing with land development activities ranging from industrial space expansions, housing projects and infrastructure upgrades.
The telecommunications industry in Malaysia is one of the most stable in the region, having grown steadily since the introduction of mobile phones in 1985. Today, the industry is expected to be worth RM32bil.
Being a growing nation that depends heavily on manufacturing and export as well as tourism, excellent communications services and the devices that run on it are crucial to make smooth business transactions possible.
In the latest efforts to encourage the rise of the telecommunications industry, the government introduced the Youth Communication Package, Get Malaysian Business Online grant and Pusat Internet 1 Malaysia. These incentives are part of the plan to make information and technology more accessible, especially in rural areas, and to foster an IT culture regardless of demographic and economic backgrounds.
Other moves to encourage the growth of telecommunication are tax incentives on mobile broadband network services and the issuance of new spectrum licenses by the Malaysian Communications and Multimedia Commission (MCMC).