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A new survey has revealed Malaysia’s young finance professionals are more aspiring than their international counterparts.
Findings of the Chartered Institute of Management Accountants (CIMA) survey showed motivation levels among aspiring Gen Y finance professionals are higher in Malaysia than in the rest of the world.
“On average, nationals expect to secure the most basic entry level position at the age of 18 whilst globally, the average age to do the same role type is anticipated to be 23,” the survey concluded.
The survey, which gathered responses from 4,300 Gen Y finance professionals around the world, included 23% of Malaysian respondents hope to enter the workforce at a managerial position, slightly higher than the global average of 18%.
High optimism regarding the chances of career progression also complements these figures. The average Malaysian expects to become a middle manager by the age of 26 (as compared to the global average of 28) and a senior manager by 34 (as compared to 35 globally).
Malaysian Gen Ys were also found to be highly attracted to large multinational corporations, with 75% of Malaysian respondents believing they provide the fastest progression opportunities for career development. This was a significantly higher number than the global average of 60% aspirants who shared similar views.
Irene Teng, regional director of South East Asia and Australasia at CIMA, explained the significance of the findings and the implications it could have on corporate organisations.
“It is encouraging to see tomorrow’s generation aiming high and open to new experiences while maintaining a healthy work/life balance,” she said.
“In this volatile climate, the value added by talented and ambitious people allows businesses to be competitive and resilient. Business leaders must match the aspirations of Gen Y by developing skills and providing satisfying jobs to seize this opportunity.”