The Future of Accounting Jobs in Malaysia: Trends for Diploma Holders

Accounting is often described as the “language of business”, and for good reason. According to an article cited by the Confederation of Asian and Pacific Accountants (CAPA), many countries, including Malaysia, New Zealand, Australia, Singapore, and the United States, are struggling to attract enough talent into the accounting profession. This shortage comes at a time when the demand for qualified accounting professionals is steadily rising.

New and expanding areas such as sustainability reporting and assurance, along with accountants’ growing roles in anti-money laundering, data analytics, and cybersecurity, are driving this demand even further. As a result, businesses across sectors are clamouring for skilled accounting talent.

A Diploma in Accounting provides a practical, career-focused foundation for students eager to enter the workforce quickly, while still keeping the door open for future academic advancement.

The Diploma in Accounting programme offered by London School of Business and Finance, Malaysia, equips students with essential skills, industry-relevant knowledge, and real-world exposure to give them a strong start in the accounting industry.

Why Diploma Graduates Are Key to the Future Workforce

According to Randstad’s recent survey on emerging trends in the accounting industry, as companies adopt automation and digital tools, they require professionals trained in modern accounting techniques, data management, and software applications.

Diploma graduates fill this gap by bringing a mix of practical knowledge and adaptability that the evolving job market demands.

Current Landscape of Accounting Jobs in Malaysia

Several key trends are reshaping the nature of accounting jobs in Malaysia and globally:

1. Rise of Artificial Intelligence (AI) and Automation

Routine accounting tasks, such as data entry, reconciliation, and basic auditing, are being automated using AI and machine learning. This doesn’t eliminate jobs. It shifts the focus to higher-value work such as strategy, analysis, and client advisory services. Diploma graduates who understand these accounting AI tools will be highly valuable.

2. Digitalisation of Financial Services

Cloud accounting software, mobile apps, and integrated platforms are now standard. Employers are seeking diploma graduates who are digitally savvy and comfortable working in cloud environments, such as Xero, QuickBooks, and SAP.

3. Increased Regulatory Scrutiny

With evolving tax regulations and financial reporting standards, businesses require accounting professionals who are up-to-date with compliance requirements — creating strong demand for tax assistants and payroll professionals.

4. Focus on ESG and Sustainability Reporting

Environmental, Social, and Governance (ESG) reporting is becoming a core requirement for listed companies in Malaysia. Diploma graduates with a foundation in ethics and reporting may find opportunities in sustainability accounting roles.

Top In-Demand Accounting Jobs for Diploma Graduates in Malaysia

According to Randstad’s accounting jobs trends, these roles are expected to be in high demand in 2025.

• Financial planning and analysis
• Group consolidation
• Financial reporting

Additionally, there are the five accounting roles that are particularly promising for diploma holders:

1. Tax Accountant

Responsible for preparing tax returns, ensuring compliance, and advising on tax-saving strategies. With Malaysia’s evolving tax laws, this role is critical.

2. Management Accountant

Helps businesses make financial decisions by preparing internal reports and forecasts. Ideal for diploma holders with strong analytical skills.

3. Auditor

Conducts financial audits to ensure accuracy and compliance. Both internal and external audit roles are available to diploma graduates with an attention to detail.

4. Payroll Executive/Payroll Assistant

Handles salary disbursements, benefits, and statutory contributions. A great entry-level job for diploma graduates familiar with HR and finance systems.

5. Forensic Accountant

Investigates fraud and financial crimes. This niche role is growing in demand in Malaysia, particularly in legal and regulatory settings.

In the accounting and finance sector, salary growth typically occurs gradually as experience increases. Entry-level accountants (account assistants, payroll executives), including graduates with a Diploma in Accounting, typically earn approximately RM38,000 per year during their first to fourth year.

With 5 to 9 years of experience, professionals typically see their salaries rise to about RM60,000 annually. For experienced accountants with 10 to 19 years of experience, annual earnings can go up to RM72,000, highlighting their expertise and industry value.

Challenges Faced by Accounting Graduates in Malaysia

Despite a strong job market, diploma graduates may face several challenges:

• High competition from degree holders and certified professionals
• Digital skill gaps, especially in advanced analytics or AI tools
• Limited industry exposure during early job hunts
• Fast-changing regulations require constant upskilling

The key to overcoming these challenges is continuous learning and proactive career planning.

Accounting Skills In Demand for Diploma Graduates

To stand out, diploma holders should focus on developing these essential skills:

• Technical Skills: Proficiency in Excel, accounting software (e.g., QuickBooks, SAP), and basic data analysis tools.
• Adaptability: An essential skill for maintaining career resilience in accounting
• Regulatory Knowledge: Understanding of Malaysian tax laws, SST, and financial reporting standards.
• Analytical Thinking: Ability to interpret numbers and provide insights.
• Communication Skills: For preparing reports and explaining financial data clearly.
• Ethical Judgment: As accountants are guardians of financial integrity.

According to the Malaysian Institute of Accountants, nearly 97% of companies are adopting new technologies in accounting. As digital tools and automation become the standard, and with a rising focus on accuracy, efficiency, and sustainability, employers are seeking talent that can keep pace with this shift.

That’s why now is the perfect time to pursue a Diploma in Accounting.

At the London School of Business and Finance in Malaysia, our programme equips you with the practical and digital skills needed to stay relevant and move forward in your accounting career.

Equip yourself with the skills that today’s employers are looking for.

Speak to our consultant to know more about LSBF Malaysia’s Diploma in Accounting and start building a future-ready career in finance.

A blog written by Serin Thankam Sam

FAQs

What are some well-paying career options for accounting graduates?

• Financial planning and analysis
• Group consolidation
• Financial reporting
• Tax accountant
• Management accountant

How much do accounting graduates earn in well-paying positions?

Entry-level diploma graduates typically earn between RM2,000 and RM3,500/month. With experience and specialisation, salaries can rise to RM5,000–RM8,000/month or more.

What soft skills are essential for future accountants?

• Adaptability to new technologies
• Communication for teamwork and financial reporting
• Critical thinking to solve financial problems
• Time management for juggling deadlines

How can diploma graduates prepare for the evolving industry?

• Stay informed about industry trends and regulations, and commit to lifelong learning.
• Learn digital tools such as Excel macros, cloud platforms, and data visualisation software.
• Pursue internships or part-time roles for practical experience.