How to Choose the Best Private Universities in Malaysia to Study Banking & Finance Course

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A top private university will provide you with a deep knowledge and understanding of market movements and the diverse finance and investment markets. When you choose to study Banking & Finance at a top private university in Malaysia, it will provide you access to qualified & experienced lecturers, technologically advanced facilities and allow you to mix around with top students. In addition, the world class syllabus taught by the best lecturers will enhance your learning experience to gain outstanding skills to succeed in the competitive work force. In today’s ever-changing world, banking and finance graduates are highly sought-after in a many industries in Malaysia where each offer a variety of job opportunities. Therefore, having a recognised banking and finance degree qualification can lead to a rewarding career.

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How do I Choose to Study at the Best Private Universities in Malaysia for Banking & Finance Courses?

There is a demand for top graduates in banking and finance in Malaysia. Salaries for banking & finance graduates in Malaysia can be very high. In order to succeed in the competitive banking & finance industry, students must choose the best universities in Malaysia to study.

Furthermore, students should choose the right university that fits them which has a good reputation for banking & finance programmes, excellent facilities, top lecturers, student support services and an English-speaking student environment.

Many students want cheap and easy ways to get a Finance & Banking degree in Malaysia without understanding fully that a good private university can equip them with the knowledge and skills that would prove invaluable in their future career. When you are in your 30’s, it would be too late to realise that you have inadequate knowledge and skills, and it’s too late to undo your decision of choosing the cheapest university in Malaysia for your course.

Studying at a top private university for Banking & Finance in Malaysia will enhance your abilities to face the challenges of a competitive workforce. To set yourself apart from the rest, you should choose the best university to study Banking & Finance so that you can acquire the training and first class education.

In order to succeed in the competitive banking & finance industry, students must choose the best universities in Malaysia to study. Students should choose the right university that fits them which has a good reputation for accounting, banking & finance programmes, excellent facilities, top lecturers, student support services and an English-speaking student environment.

Part of finding the right college or university in Malaysia for you will be picking out the criteria that matters to most to you, and then seeing if any of the top private colleges or universities in Malaysia that you’re looking at fit those criteria. Choosing a university to study in Malaysia is one of the most important decisions you will make in your life.

At EduSpiral Consultant Services, I have worked in the private higher education industry in Malaysia for more than 15 years advising students with facts and evidence on how to choose the right course and private university. You should carefully think about what are the options available to you. To choose the best course  that fits you, students may fill up our EduSpiral Career Assessment form for evaluation. For advise on choosing the best university to study Banking & Finance in Malaysia, please WhatsApp 01111408838.

Graduates from accounting programmes are able to work in the banking and finance industry therefore the degree courses are included in the listing.

Graduates from the Accounting degree programmes will gain entry into the professional level of ACCA and CPA Australia. The accounting degree course will also equip graduates to pursue further professional qualifications with CFA, CFP, CIMA, ICAEW, MIA, RFP, etc.

Banking and Finance graduates may go for the the professional certifications by FPAM – Financial Planning Association of Malaysia, Certified Financial Planner (CFP) or Asian Institute of Chartered Banker (AICB).

What is the Banking & Finance Course all About?

The Banking and Finance degree course is of particular interest to those wishing to enter the financial sector. It will provide you with the opportunity to acquire specialist economic knowledge of the operation of the monetary and financial sectors. It is designed to equip you with training relevant to the practice of banking and other financial careers in Malaysia.

Banking and Finance graduates may go for the the professional certifications by FPAM – Financial Planning Association of Malaysia, Certified Financial Planner (CFP) or Asian Institute of Chartered Banker (AICB).

What will I Study in the Bachelor of Banking & Finance Degree Course at a Top Private University in Malaysia?

If you study the banking and finance degree at a top private university in Malaysia, it will allow you to develop you mathematical, managerial and logical thinking skills, preparing you for a career working with numbers, whether in banking, accountancy or financial services in Malaysia or globally.

Undergraduate banking and finance degree subjects will cover a range of business, economic and problem-solving skills. You will also study economic models, financial institutions and the global financial industry. Later modules in your degree course may allow you to focus on a specific area of financial practice, such as risk management or bankruptcy.

Those who intend to undertake undergraduate degree studies in finance should expect challenges particularly in the form of financial theories and formulas. However, these can be overcome by a good understanding of Mathematics to start off with – Additional Mathematics will be an added advantage.

Business graduates who major in finance in Malaysia will be equipped with the necessary skills in critical thinking, problem solving, leadership and interpersonal communication and computing. They will also deal with asset valuation, financial asset pricing, financial modeling using spread sheet techniques and capital budgeting decisions and risk management.

An undergraduate degree is largely about developing your skills and competency to work in the financial and banking industries, so it’s important to be aware of the kind of skills you will gain from your degree. Some of the key skills you can expect to gain if you study the banking and finance degree include:

• Analytical skills
• Knowledge of economic models
• Ability to work with figures and statistics
• Numeracy skills
• Ability to work with deadlines
• Attention to detail

What is the Minimum Education Requirements to work in the Banking & Finance Industry in Malaysia?

The banking and finance industries include a wide variety of careers, including positions in asset management, loan processing and financial planning. The required level of education will vary, but most will possess at least a bachelor’s degree in Banking & Finance or related degree such as Finance, Accounting & Finance, Finance & Investment, Economics, Accounting, etc.

How many Years is the Banking & Finance Course in Malaysia?

Students after O-Levels or SPM will take Foundation in Business course for 1 year or a Pre-University course for 1 to 1.5 years. After that, you will continue on to the degree for 3 years.

What are the Entry Requirements to Study a Degree in Banking & Finance in Malaysia?

Students after SPM or O-Levels with at least 5 credits including Maths may enter a Foundation in Business or Foundation in Arts at a top private university in Malaysia for 1 year before continuing on to the 3-year banking or finance degree programme.

Pre-University graduates in Malaysia from programmes such as UEC, STPM, A-Levels, SAM, CPU, AUSMAT and others with an average of 60% may enter directly into the degree. The minimum entry requirements will vary from university to university.

Students with at least 3 credits in SPM or O-Levels including Maths may go for the Diploma in Accounting and then enter into Year 2 of the banking & finance degree programme.

Please WhatsApp 01111408838 for the exact entry requirements for the top private universities in Malaysia.

What do Banking & Finance Professionals work as in Malaysia?

The banking and finance industry plays a crucial role in promoting and sustaining the economic growth of a country. It safeguards the interests of its customers, sells its services and encourages investments. Different types of banks offer different kinds of services to different groups of customers. The banking and finance industry comprises:

• Bank Negara Malaysia (Central Bank)
• commercial banks
• finance companies
• money and stockbroking firms
• futures trading firms

Commercial banks provide financial advice to the public, businesses and industries, as well as the local government. Merchant banks provide services to firms and corporations. They offer banking services and advice on takeovers, mergers, acquisitions and international trading. Bank Negara Malaysia (Central Bank) does not provide banking services to the public. It functions as a central bank and acts as an intermediary for the government and other banks.

It supervises other banks and foreign exchange, looks after the government’s interests, prints and withdraws money in circulation. It also provides advice to the Ministry of Finance and other government agencies. Qualified people are required to fill up different posts in the various departments of a bank. The departments include:

• Accounts – Keeps a full record of the bank’s transactions.
• Loans – Policies and guidelines for loans are determined by the head-office, to be abided by branch offices.
• Investments – Handles investment in bonds and government securities to ensure maximum returns. – International trade
• Connects with overseas banks and assists Malaysian traders in establishing contacts with foreign counterparts.
• Sales and Marketing – Sells the bank’s services to the public and organises publicity campaigns for the bank.
• Personnel – Recruits new workers and takes care of promotions, transfers, pay and welfare of staff.
• Training – Responsible for the training of new recruits.
• Systems and Technology – Keeps up with the latest development in technology to help in the daily running of the banks.
• Economy – Provides the latest information on local and global economic trends. Researches and compiles statistical information.

Career opportunities in the banking and finance line are many and varied in Malaysia

Worldwide, the financial services sector records the highest earnings and drives a country’s economic growth.  The Financial sector stands as one of the largest sectors in Malaysia with more than 300,000 people employed. This sector is made up by professionals in the Accounting, Banking, Economics, Finance, Insurance and Statistics and Taxation sub-sectors. An important industry for the country, it contributes up to 11 percent of the nation’s Gross Domestic Product (GDP).

The role of the financial sector is envisioned to continue growing to be a key driver and catalyst of Malaysia’s economic progression. This sector is projected to be more competitive, dynamic, inclusive, diversified, and integrated, with the ability to offer world class financial services, in terms of breadth, depth and quality to serve the needs of Malaysia.

They include jobs such as clerks, tellers, credit officers, futures traders, investment analysts and security dealers.

Clerk (Accounts Clerk, Administrative Assistant, Audit Clerk, Billing Clerk, Settlements Clerk) – Work varies according to departments. – Processes banking transactions. – Prepares documents and reports, computes calculations and compiles statistics.

Teller/Customer Service Clerk – Works in the front office of the bank, handles customers’ requests and needs and provides information on banking services. – Cashes customers’ cheques, handles deposits and withdrawals from various types of accounts.

Credit Officer (Loan Officer) – Decides who to lend money to based on the client’s credit rating, financial status and ability to repay the loan. – Can specialise in consumer (personal) loans or commercial (business) loans.

Futures Trader (Floor Broker, Futures Broker) – Executes financial futures orders for clients (futures are legal contracts to buy or sell something in future)

Investment Analyst – Advises clients on investment in stocks and shares. – Provides detailed analytical information to help people decide whether to buy or sell shares. – Carries out research on companies’ backgrounds, interviews financial controllers or chief executives of public-listed companies and writes reports. – Briefs securities dealers on the latest developments.

Securities Dealer (Dealer’s Representative, Remisier, Stockbroker) – Advises clients on when to buy and dispose of stocks and shares. – Advises individuals or large institutional investors on how to get the best returns for their investments.

Administrative Manager – Manages and formulates policies of the financial institution. – Organises, controls and supervises the branches’ activities.

Branch Manager – Establishes and maintains good rapport and relationship with customers, businesses and social organisations to promote goodwill and gain new business. – Supervises accounting and reporting functions and establishes operating policies and procedures. – Directs custody and control of assets, records, collateral and securities held by companies. – Approves or declines lines of credit and commercial, real estate or consumer loans. – Directs personnel engaged in trust activities such as settling estates, administering trusts and performing agency functions for individuals.

Financial Managers – Almost every firm, government agency, and other type of organization have one or more financial

managers. They oversee the preparation of financial reports, direct investment activities, and implement cash management strategies as well as develop strategies and implement the financial goals of the institution.

The duties of financial managers vary with their specific titles, which include controller, treasurer or finance officer, credit manager, cash manager, risk and insurance manager, and manager of international banking.

Controllers direct the preparation of financial reports, such as income statements, balance sheets, and analyses of future earnings or expenses, that summarize and forecast the organization’s financial position.

Controllers also are in charge of preparing special reports required by regulatory authorities. Often, controllers oversee the accounting, audit, and budget departments. Treasurers and finance officers direct the organization’s budgets to meet its financial goals.

They oversee the investment of funds, manage associated risks, supervise cash management activities, execute capital-raising strategies to support a firm’s expansion, and deal with mergers and acquisitions.

Credit managers oversee the firm’s issuance of credit, establishing credit-rating criteria, determining credit ceilings, and monitoring the collections of past-due accounts.

Cash managers monitor and control the flow of cash receipts and disbursements to meet the business and investment needs of the firm. For example, cash flow projections are needed to determine whether loans must be obtained to meet cash requirements or whether surplus cash should be invested in interest-bearing instruments.

Risk and insurance managers oversee programs to minimize risks and losses that might arise from financial transactions and business operations. They also manage the organization’s insurance budget. Managers specializing in international finance develop financial and accounting systems for the banking transactions of multinational organizations.

Financial institutions—such as commercial banks, savings and loan associations, and mortgage and finance companies—employ additional financial managers who oversee various functions, such as lending, trusts, mortgages, and investments, or programs, including sales, operations, or electronic financial services. These managers may solicit business, authorize loans, and direct the investment of funds, always adhering to Federal and State laws and regulations.

Branch managers of financial institutions administer and manage all of the functions of a branch office. Job duties may include hiring personnel, approving loans and lines of credit, establishing a rapport with the community to attract business, and assisting customers with account problems.

Branch mangers also are becoming more oriented toward sales and marketing. As a result, it is important that they have substantial knowledge about all types of products that the bank sells.

Financial managers who work for financial institutions must keep abreast of the rapidly growing array of financial services and products. In addition to the preceding duties, all financial managers perform tasks unique to their organization or industry.

For example, government financial managers must be experts on the government appropriations and budgeting processes, whereas health care financial managers must be knowledgeable about issues surrounding health care financing. Moreover, financial managers must be aware of special tax laws and regulations that affect their industry.

Financial managers play an increasingly important role in mergers and consolidations and in global expansion and related financing. These areas require extensive, specialized knowledge to reduce risks and maximize profit. Financial managers increasingly are hired on a temporary basis to advise senior managers on these and other matters. In fact, some small firms contract out all their accounting and financial functions to companies that provide such services.

The role of the financial manager, particularly in business, is changing in response to technological advances that have significantly reduced the amount of time it takes to produce financial reports. Financial managers now perform more data analysis and use it to offer senior managers ideas on how to maximize profits.

They often work on teams, acting as business advisors to top management. Financial managers need to keep abreast of the latest computer technology to increase the efficiency of their firm’s financial operations.

Financial analysts and personal financial advisors provide analysis and guidance to businesses and individuals in making

investment decisions. Both types of specialists gather financial information, analyze it, and make recommendations. However, their job duties differ because of the type of investment information they provide and their relationships with investors.

Financial analysts assess the economic performance of companies and industries for firms and institutions with money to invest. Also called securities analysts and investment analysts, they work for investment banks, insurance companies, mutual and pension funds, securities firms, the business media, and other businesses, helping them make investment decisions or recommendations.

Financial analysts read company financial statements and analyze commodity prices, sales, costs, expenses, and tax rates in order to determine a company’s value and to project its future earnings.

They often meet with company officials to gain a better insight into the firm’s prospects and to determine its managerial effectiveness.

Financial analysts can usually be divided into two basic types: those who work on the buy side and those who work on the sell side. Analysts on the buy side work for companies that have a great deal of money to invest.

These companies, called institutional investors, include mutual funds, hedge funds, insurance companies, independent money

managers, and charitable organizations, such as universities and hospitals, with large endowments.

Buy side financial analysts work to devise investment strategies for a company’s portfolio. Conversely, analysts on the sell side help securities dealers to sell their products. These companies include investment banks and securities firms. The business media also hire financial advisors that are supposed to be impartial, and as such occupy a role somewhere in the middle.

Financial analysts generally focus on a specific industry, region, or type of product. For example, an analyst may focus on the utilities industry, Latin America, or the options market. Firms with larger research departments may divide the work even further so their analysts can maintain sharp focus.

Within their areas of specialty, analysts assess current trends in business practices, products, and competition. They must keep abreast of new regulations or policies that may affect the investments they are watching and monitor the economy to determine its effect on earnings.

Some experienced analysts called portfolio managers supervise a team of analysts and help guide a company in selecting the right mix of products, industries, and regions for their investment portfolio. Others who manage mutual funds or hedge funds perform a similar role and are generally called fund managers. Other analysts, called risk managers, analyze portfolio decisions and determine how to maximize profits through diversification and hedging.

Some financial analysts, called ratings analysts, evaluate the ability of companies or governments that issue bonds to repay their debts. On the basis of their evaluation, a management team assigns a rating to a company’s or government’s bonds, which helps them to decide whether to include them in a portfolio. Other financial analysts perform budget, cost, and credit analysis as part of their responsibilities.

Financial analysts use spreadsheet and statistical software packages to analyze financial data, spot trends, and develop forecasts. Analysts also use the data they find to measure the financial risks associated with making a particular investment decision. On the basis of their results, they write reports and make presentations, usually with recommendations to buy or sell particular investments.

Personal financial advisors assess the financial needs of individuals. Advisors use their knowledge of investments, tax laws, and insurance to recommend financial options to individuals. They help them to identify and plan to meet short- and long-term goals. Planners help clients with retirement and estate planning, funding the college education of children, and general investment choices.

Many also provide tax advice or sell life insurance. Although most planners offer advice on a wide range of topics, some specialize in areas such as retirement and estate planning or risk management. Personal financial advisors usually work with many clients, and they often must find their own customers. Many personal financial advisors spend a great deal of their time making sales calls and marketing their services.

Many advisors also meet potential clients by giving seminars or lectures or through business and social contacts. Finding clients and building a customer base is one of the most important aspects of becoming successful as a financial advisor. Financial advisors begin work with a client by setting up a consultation. This is usually an in-person meeting where the advisor obtains as much information as possible about the client’s finances and goals.

The advisor then develops a comprehensive financial plan that identifies problem areas, makes recommendations for improvement, and selects appropriate investments compatible with the client’s goals, attitude toward risk, and expectation or need for a return on the investment. Sometimes this plan is written, but more often it is in the form of verbal advice. Advisors sometimes meet with accountants or legal professionals for help.

Financial advisors usually meet with established clients at least once a year to update them on potential investments and adjust their financial plan to any life changes—such as marriage, disability, or retirement. Financial advisors also answer clients’ questions regarding changes in benefit plans or the consequences of a change in their jobs or careers.

Financial planners must educate their clients about risks and various possible scenarios so that the clients don’t harbor unrealistic expectations. Most personal financial advisors buy and sell financial products, such as securities and life insurance. Fees and commissions from the purchase and sale of securities and life insurance plans are one of the major sources of income for most personal financial advisors.

Working in Banking & Finance in Malaysia

The most high paying salary areas in finance in Malaysia are:

• pension fund management
• life insurance
• investment funds management
• financial institutions.

Banking is also an ideal launching pad for those who are aiming to achieve their ultimate goal of becoming big players. Those who specialise in investment can work as stock and bond brokers, traders and company investment analysts. Banking & Finance graduates in Malaysia can work in the many positions found in the banks and financial institutions. Below are a sample list, some are taken from positions posted on Jobstreet.

• Loan officers – personal, home, business, credit card, etc.
• Mortgage officers
• Branch Manager
• Bank Manager
• Bank teller
• Customer Service
• Credit card services
• Credit analyst
• Personal banking
• Investment banking – executive, senior executive, manager, director, assistant VP, VP, Senior VP, Dep. GM, GM, etc
• Equity portfolio analyst
• Personal financial consultant
• Associate – Structured & Banking Products
• Finance Manager (AVP) – Banking Finance and Treasury
• Auditor, International Operations, Treasury, International & Finance, Audit
• Auditor, Project Management Lifecycle & Support, IT Risk & E-Banking, Audit
• Private Wealth Specialist -Preferred Banking
• Associate Principal, Financial Services (Merchants)
• Finance Manager, Taxation and Accounts
• Relationship Manager (Banking)
• VP – Financial System & Operations
• Relationship Manager – Commercial Banking, Corporate Banking, SME Banking, Wholesale Banking, Private Banking, HNW & Affluent Banking, Consumer Banking, Premier Banking Acquisition, etc
• Product Manager, Liabilities & Treasury (SME Banking)
• Senior Executive, Operations & Finance (Fund Management)
• Accounts Supervisor – Finance Casino
• Treasury Executive (Banking Operation)
• Head of Business Planning and Analysis (Consumer Banking)
• Consumer Financial Services Sales Management Programme
• Banking sales specialist
• Investment Counsellor (Priority Banking)
• Finance Manager (Investment / REITS / Property Development)
• Trade Regional Services Head, Regional Trade Banking
• Senior Executive, Network Infrastructure, Global Financial Banking (GFB)
• Account Relationship Manager, Business Banking
• Assistant Vice President, Treasury Sales, Business Banking
• Financial Investment Executive – Futures Derivatives
• Originator, Microfinance, Consumer Finance, Community Financial Services
• Executive – Processing, Auto Finance
• Manager, Product Development & Marketing, Wholesale Banking
• Credit Analyst for Corporate Banking
• Executive, Finance Reporting
• Executive, Disbursement & Documentation, Auto Finance & Asset Based Financing
• Head of Credit Risk, Consumer & SME Banking
• Financial Risk Analyst
• Wealth Consultant, Frontline Support, HNW & Affluent Banking, Community Financial Services