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Last Updated: May 08, 2024

Discount Brokerage Department Manager

RM213,408 (MYR)/yr

RM102.60 (MYR)/hr

RM17,457 (MYR)/yr

The average discount brokerage department manager gross salary in Malaysia is RM213,408 or an equivalent hourly rate of RM103. In addition, they earn an average bonus of RM17,457. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Malaysia. An entry level discount brokerage department manager (1-3 years of experience) earns an average salary of RM157,136. On the other end, a senior level discount brokerage department manager (8+ years of experience) earns an average salary of RM262,913.

Data powered by ERI's Salary Expert Database.

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ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.

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RM237,976 (MYR)

12 %

Based on our compensation data, the estimated salary potential for Discount Brokerage Department Manager will increase 12 % over 5 years.

N/A

This chart displays the highest level of education for:
Discount Brokerage Department Manager, the majority at 46% with bachelors.

Typical Field of Study: Finance

See how education can impact your salary

Malaysia

Cost of living is calculated based on accumulating the cost of food, transportation, health services, rent, utilities, taxes, and miscellaneous.

View Cost of Living Page

Malaysia is a country in Southeast Asia. The federal constitutional monarchy consists of 13 states and three federal territories, separated by the South China Sea into two regions: Peninsular Malaysia and Borneo's East Malaysia. Peninsular Malaysia shares a land and maritime border with Thailand and maritime borders with Singapore, Vietnam, and Indonesia. East Malaysia shares land and maritime borders with Brunei and Indonesia, as well as a maritime border with the Philippines and Vietnam. Kuala...

Sourced from Wikipedia
Directs and coordinates activities concerned with buying or selling investment products and financial services, such as securities, insurance, and real estate, for clients of brokerage firm: screens, selects, and hires registered representatives and other employees. Directs inservice training to improve client services and increase sales volume. Develops and implements plans to ensure compliance of workers with established programs, procedures, and... practices. Establishes internal control procedures to control margin accounts, short sales, and options and to reduce office errors and client complaints. Reviews recapitulation of daily transactions to ensure accordance with rules and regulations of government agencies, regulatory bodies, and securities exchanges. Analyzes operations to determine areas where cost reductions could be implemented or program improvements initiated. Evaluates profitability of gross sales and transactions. Conducts staff meetings of personnel to discuss changes in policy, redirection of sales emphasis to other programs, or to propose methods and procedures to increase firm's share of local market and trade volume. Explains firm's research and customer service facilities and how use of facilities can promote customer relations and sales. Prepares activity reports for evaluation by management. May be required to have securities agent license. May be required to have experience in certain type of brokerage office managed, such as full-service brokerage office, discount brokerage office, or full-service/discount brokerage office. Read More

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Disclaimer

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ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.

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