Actuary Salary in Malaysia
Updated · Compiled from Michael Page Malaysia, Hays Malaysia, Randstad Malaysia, JobStreet Malaysia salary guides · Methodology
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| Level | Min / Month | Median / Month | Max / Month | Min / Year | Max / Year |
|---|---|---|---|---|---|
| Junior | RM 5,000 | RM 6,500 | RM 8,000 | RM 60,000 | RM 96,000 |
| Mid | RM 9,000 | RM 12,000 | RM 15,000 | RM 108,000 | RM 180,000 |
| Senior | RM 15,000 | RM 21,000 | RM 28,000 | RM 180,000 | RM 336,000 |
Actuary Salary by City
| City / Region | Median / Month | Typical Range |
|---|---|---|
| Kuala Lumpur / Klang Valley | RM 13,166 | RM 5,000 — RM 28,000 |
| Penang | RM 12,244 | RM 4,650 — RM 26,040 |
| Johor Bahru | RM 11,849 | RM 4,500 — RM 25,200 |
| Other states | RM 10,927 | RM 4,150 — RM 23,240 |
Market Insight: Actuary
Actuarial science is one of the most exam-gated careers in Malaysia — your pay tracks the number of professional papers you've cleared (via the SOA, IFoA or the local route) more than your years on the job. A part-qualified actuary already earns well, and fully qualified Fellows in life insurance, reinsurance or consulting around KL command some of the highest non-management pay in finance. Demand is underpinned by Bank Negara, which requires insurers to have appointed actuaries. Most people who stall do so on the exams, not the work — clearing them is the single biggest lever.
What's the real take-home?
The Actuary median is RM 13,166 gross. See what's left after EPF, SOCSO & tax.
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Frequently Asked Questions
How much does a Actuary earn in Malaysia?
A Actuary in Malaysia earns a median of RM 13,166 per month (RM 157,992 per year), with most earning between RM 5,000 and RM 28,000 monthly.
What is the starting salary for a Actuary in Malaysia?
Entry-level Actuarys typically start at RM 5,000 to RM 8,000 per month in the Klang Valley market.
How much does a senior Actuary make?
A senior Actuary can earn up to RM 28,000 per month — about 223% more than an entry-level role.
How much does a Actuary earn per hour in Malaysia?
At the median monthly pay of RM 13,166, a Actuary earns roughly RM 68 per hour based on a standard full-time work week.
How much does a Actuary earn in Kuala Lumpur?
In Kuala Lumpur and the Klang Valley, a Actuary earns about RM 13,166 per month at the median — the highest in Malaysia. Penang and Johor Bahru pay slightly less, around RM 12,244 and RM 11,849.
Is Actuary a well-paid job in Malaysia?
With a median of RM 13,166 per month, a Actuary earns above the Malaysian graduate median, and pay improves notably with experience and specialised skills.