Traditional Finance

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The traditional finance field will teach you how to plan, manage and analyze monetary flow and transactions in various areas of the financial world.

You will explore various ways to raise money and select among the best invest alternatives and manage resources of various entities, either individuals, businesses or governments.

Pathway

There are various fields under traditional finance such as Actuarial Science, Commerce and Economics. Depending on the field of study, the duration varies but it usually ranges from 3 to 7 years.Graduates in this field will undergo series of training which involves acquire business knowledge, learning analytical and statistical skills that are applicable across various industries, and applying technical skills which are effective in finance practices.

Subject Focus

SPM

  • Mathematics
  • Additional Mathematics
  • Accounting
  • Economics
  • Business Studies
  • Physics
  • Chemistry
  • MUET

University Level

  • Different kinds of Marketing concepts
  • Marketing Management and Strategies
  • Business Management and Strategy
  • People and Organizations
  • Different kinds of Finance
  • Various types of Trading Simulation
  • Economics for Business and Finance
  • Quantitative Techniques for Business and Finance
  • Corporate Finance
  • Financial Modelling
  • Portfolio Management
  • Derivative Securities
  • Strategy and International Business
  • Management of Risk
  • Foreign Exchange and Money Markets
Personality Type

These personality type codes serve ONLY as a guideline and can be taken with a pinch of salt. Always consult with your school counsellor or ask our experts for further guidance!

Myers-Briggs: ISTJ, ESTJ, INTP, ENTJ

These types all share the Thinking preference (T), or a preference for objective decision making as opposed to taking into account personal values in making decisions.

Find your Myers-Briggs personality type here.

Holland Vocational Code: ECS (Enterprising, Conventional, Social)

Find where you belong in the RIASEC model here.

Career Info

Generally, finance jobs are quite stable, have above-average wages and generally are rewarding. At present, Malaysia’s Islamic finance sector is growing steadily yet the supply of talent is beginning to dwindle, according to industry observers.

  • Stockbroker: Buys and sells shares and other securities for both retail and intuitional clients through a stock exchange or over the counter
  • Actuary: Deals with the financial impact of risk and uncertainty; Provides expert assessments of financial security systems
  • Financial Trader: Buys and sells shares, bonds and assets for investors, including individuals and banks; Makes prices and executes trades to maximise assets and minimise financial risk
  • Financial Analyst: Assists in monthly forecasting, analyse revenue, expenses and profitability; Develops time management reports
Salary
  • Senior Manager (min. RM8,000; avg. RM10,000; max. RM13,000)
  • Manager (min. RM5,100; avg. RM6,500; max. RM8,000)
  • Senior Executive (min. RM3,000; avg. RM3,550; max. RM4,500)
  • Junior Executive (min. RM2,000; avg. RM2,500; max. RM2,950)
  • Fresh/Entry Level (min. RM1,285; avg. RM1,700; max. RM2,200)
Job Demand

In Malaysia: In Malaysia, the financial services sector is among the fastest growing sectors over the past decade. In terms of jobs, the sector’s workforce is small, accounting for only 2% of national employment. Yet, it demands highly-skilled people to fill out these jobs.The Islamic Banking and Finance Institute Malaysia (IBFIM) announced demand for more finance talents. It is forecasted that 40,000 more qualified people in the industry will be needed to fill out jobs, including non-Islamic roles, particularly areas such as wealth management, Shariah advisory and corporate finance.  About 56,000 new finance industry jobs will become available in the next 10 years.

Overseas: If you enjoy both problem solving and have strong people skills, the traditional finance field can create excellent opportunities for creative work, professional recognition, financial reward, and public service. The demand for finance expertise is quite favorable, financial analyst make some of the highest earnings internationally.

Useful Links

Malaysia International Islamic Financial Centre

Islamic Banking and Finance Institute Malaysia

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