These Companies Offer The Highest Starting Salaries For Fresh Grads In Malaysia
Did you know: Fresh grad salaries have increased by 30% since 2020?
By Lailazee - 04 Jan 2024, 01:25 AM
Cover image via How much was your first salary as a fresh grad?
According to Indeed, which collected close to 5,000 fresh grad salaries in Malaysia through its platform, the average base salary for fresh graduates is currently RM2,831.
Industry research shows that fresh grad salaries have increased around 30% since the pandemic, due to lifestyle and high cost of living, reported The Star. This means fresh grad pay used to be roughly RM1,980 before 2020.
From various sources, including Glassdoor, LinkedIn, and other job posting websites, we've put together a list of fresh grad salaries.
Here are the companies in Malaysia that pay the highest starting salaries to fresh grads:
Note: Companies are listed in alphabetical order.
1. B. Braun Group
Image via B. Braun
Number of employees: Over 63,000 people globally
Industry: Medical Equipment Manufacturing
Location: Penang
About:
B. Braun is one of the world's leading medical technology companies. Founded in 1839, the company produces safe and effective pharmacy products for medical professionals.
Average starting salary for fresh graduates: RM3,200 – RM4,000 per month
Click to see current job openings.
2. Intel Corporation
Image via Soya Cincau
Number of employees: Over 10,000 people in Malaysia
Industry: Semiconductor & Circuit Manufacturing
Location: Penang
About:
Intel is one of the world's largest semiconductor chip manufacturers by revenue, and is one of the developers of the x86 series of instruction sets found in most personal computers.
Average starting salary for fresh graduates: RM4,000 – RM5,000 per month
3. Maybank
Image via Graduan TV/YouTube
Number of employees: Over 46,000 people in Malaysia
Industry: Banking & Financial Services
Location: Branches throughout Malaysia, HQ in Kuala Lumpur
About:
Maybank Group is the leading financial services provider in Malaysia, catering to the needs of consumers, investors, entrepreneurs, non-profit organisations, and corporations. The group, which has expanded internationally, has the largest network among Malaysian banks of over 2,400 branches and offices in 20 countries.
Average starting salary for fresh graduates: RM3,000 to RM4,500 per month
4. Nestlé Malaysia
Image via Nestlé Malaysia
Number of employees: Over 5,000 people in Malaysia
Industry: Food & Beverage Services
Location: Selangor, Kuala Lumpur, Negeri Sembilan, Perak, Sabah, Sarawak
About:
Founded in 1866, Nestlé is the world's largest food and beverage company. With headquarters based in Switzerland, the brand offers products and services for all stages of life, from infant milk to snacks, meals, and more.
Average starting salary for fresh graduates: RM3,000 to RM4,500 per month
5. PETRONAS
Number of employees: Over 47,700 people globally
Industry: Oil & Gas
Location: Sabah, Sarawak, Kuala Lumpur
About:
Petroliam Nasional Berhad (PETRONAS) is Malaysia's national oil and gas company, committed to powering society's progress in a responsible and sustainable manner.
Average starting salary for fresh graduates: RM4,000 to RM7,000 per month
Image via PETRONAS
6. Sime Darby Berhad
Image via The Edge
Number of employees: Over 22,000 people in Malaysia
Industry: Investment Management
Location: Selangor, Penang
About:
Sime Darby Berhad is a trading conglomerate. Its headquarters are in Malaysia, while it operates in 17 other countries and territories. Its core businesses operate and serve in the industrial, motors, and logistics sectors, as well as the healthcare and insurance segments.
Average starting salary for fresh graduates: RM2,900 to RM3,500 per month
7. TechnipFMC
Image via TechnipFMC
Number of employees: Around 20,000 people globally
Industry: Oil & Gas
Location: Kuala Lumpur, Johor Bahru
About:
TechnipFMC is a French-American, UK-domiciled global oil and gas company that provides services for the energy industry, focusing on both traditional and new energies, and delivering fully integrated projects, products, and services.
Average starting salary for fresh graduates: RM3,800 to RM4,500 per month
8. Tenaga Nasional Berhad
Image via TNB
Number of employees: Over 34,000 people in Malaysia
Industry: Utilities
Location: HQ in Kuala Lumpur
About:
Tenaga Nasional Berhad (TNB) is a leading Malaysian utility company with an international presence in the United Kingdom, Kuwait, Turkiye, Saudi Arabia, and India. It is Malaysia's primary electricity generation enterprise, with a renewable energy portfolio consisting of solar, wind, and hydro energy generation.
Average starting salary for fresh graduates: RM3,400 to RM4,000 per month
TNB is currently not hiring.
9. Telekom Malaysia
Image via HR Asia
Number of employees: Over 28,000 people in Malaysia
Industry: Telecommunications
Location: Kuala Lumpur, Cyberjaya
About:
TM Technology Services Sdn Bhd, is the national connectivity and digital infrastructure provider, and Malaysia's leading integrated telco. It offers a comprehensive suite of communication services and solutions in fixed, mobility, content, WiFi, ICT, Cloud, and smart services.
Average starting salary for fresh graduates: RM3,000 to RM4,700 per month
10. Texas Instruments
Image via Texas Instruments
Number of employees: Around 4,000 people in Malaysia
Industry: Semiconductor Manufacturing
Location: Kuala Lumpur, Melaka, Penang
About:
Texas Instruments is a global semiconductor company that designs, manufactures, tests, and sells analog and embedded processing chips. It has over 80,000 products that help manage power, accurately sense and transmit data, and provide the core control or processing in their designs. Its products are used in a variety of markets such as industrial, automotive, personal electronics, communications equipment, and enterprise systems.
Average starting salary for fresh graduates: RM4,300 – RM5,000 per month
