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Finance vs. Accounting: Which Career Path is Right for You in Malaysia?
Choosing between a career in finance or accounting in Malaysia? While both fields deal with managing money, they have different job scopes, skill requirements, and career growth potential. This guide explores their key differences, job opportunities, and salary expectations to help you decide which path suits you best.
By Matt Khoo on 2025-03-17 at 1:35 AM
Updated on 2025-03-28 at 6:25 AM
Finance vs. Accounting: Understanding the Differences
Finance and accounting are often used interchangeably, but they serve distinct roles in the business world.
- Finance focuses on managing assets, investments, and financial strategies to help businesses grow. Professionals in this field analyze risks, forecast market trends, and make data-driven decisions to maximize profitability.
- Accounting deals with recording, reporting, and auditing financial transactions. It ensures businesses comply with regulations, maintain accurate financial records, and manage taxes efficiently.
While both careers require strong analytical skills and financial knowledge, they cater to different job functions and career goals.
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Job Roles & Responsibilities
Finance Jobs
Finance professionals work across various industries, from banking and investment firms to corporate finance departments. Common roles include:
- Financial Analyst – Evaluates financial data to guide business decisions.
- Investment Banker – Advises clients on financial transactions such as mergers, acquisitions, and stock offerings.
- Risk Manager – Identifies financial risks and develops strategies to mitigate them.
- Portfolio Manager – Manages investment portfolios for clients or financial institutions.
- Corporate Finance Executive – Oversees budgeting, financial planning, and capital management for a company.
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Accounting Jobs
Accounting professionals ensure financial accuracy and regulatory compliance. Common roles include:
- Auditor – Reviews financial records to ensure compliance with tax and financial regulations.
- Tax Accountant – Specializes in tax planning and filing for individuals or corporations.
- Financial Controller – Manages an organization’s financial reporting and budgeting.
- Management Accountant – Analyzes financial data to assist in business planning and cost management.
- Forensic Accountant – Investigates financial fraud and misconduct.
Both fields offer diverse career paths, but finance professionals often work on strategic growth, while accountants focus on financial accuracy and compliance.
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Education & Skills Required
Finance
To enter the finance industry, you typically need a degree in finance, business administration, or economics. Additional certifications like the Chartered Financial Analyst (CFA) or Financial Risk Manager (FRM) can boost your career prospects.
Key skills for finance professionals:
✅ Financial analysis and modeling
✅ Risk assessment and management
✅ Investment and market research
✅ Communication and decision-making skills
✅ Knowledge of banking and financial regulations
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Accounting
Accounting careers usually require a degree in accounting, finance, or a related field. Certifications like the Certified Public Accountant (CPA), Association of Chartered Certified Accountants (ACCA), or Chartered Accountant (CA) are highly valued.
Key skills for accounting professionals:
✅ Attention to detail and accuracy
✅ Knowledge of tax laws and financial regulations
✅ Financial reporting and auditing skills
✅ Proficiency in accounting software (e.g., SAP, QuickBooks)
✅ Problem-solving and analytical skills
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Salary Expectations in Malaysia
Salaries for finance and accounting professionals vary based on experience, industry, and job level.
| Job Title | Entry-Level (RM/year) | Mid-Level (RM/year) | Senior-Level (RM/year) |
|---|---|---|---|
| Financial Analyst | RM 40,000 – RM 60,000 | RM 70,000 – RM 120,000 | RM 150,000+ |
| Investment Banker | RM 50,000 – RM 80,000 | RM 100,000 – RM 200,000 | RM 300,000+ |
| Risk Manager | RM 45,000 – RM 75,000 | RM 90,000 – RM 150,000 | RM 200,000+ |
| Auditor | RM 36,000 – RM 60,000 | RM 75,000 – RM 120,000 | RM 180,000+ |
| Tax Accountant | RM 38,000 – RM 65,000 | RM 80,000 – RM 130,000 | RM 170,000+ |
Finance professionals often have higher earning potential due to performance-based bonuses and commission structures. However, accounting provides stable career growth with strong demand across industries.
Related: HR Professional Salary in Malaysia (2025 Guide)
Which Career Path Should You Choose?![]()
The right career depends on your interests and career goals:
- Choose finance if you enjoy investments, market trends, and risk management. It’s ideal for those who want a dynamic and fast-paced career in banking, asset management, or corporate finance.
- Choose accounting if you prefer working with financial records, tax planning, and compliance. It’s a great path for those who value stability and structured career progression in auditing, tax, or corporate accounting.
Both careers are in high demand, and professionals with expertise in financial technology (FinTech) and data analytics are especially sought after in Malaysia.
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Finance suits strategic thinkers who enjoy investments and risk analysis, while accounting is ideal for detail-oriented professionals who excel in compliance and reporting. No matter your choice, upskilling and industry certifications will keep you competitive. Looking for finance or accounting jobs? Explore opportunities on Hiredly, join the Hiredly Young Talent Community, and take the Hiredly Work Personality Test to find your ideal career path!
By Matt Khoo on 2025-03-17 at 1:35 AM
