Economics Consultant salary in Malaysia

Average Yearly Salary of Economics Consultant in Malaysia is approximately 158,583 MYR (31,669 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Economics Consultant do?

An economics consultant is a professional who provides expert advice and guidance on economic matters to businesses, governments, and organizations. They analyze economic data, conduct research, and utilize economic theories and models to help clients make informed decisions and develop strategies. Economics consultants may specialize in various areas such as market research, financial analysis, public policy, or international trade. Their responsibilities include assessing economic trends, forecasting market conditions, evaluating the impact of policies and regulations, and recommending strategies for growth and optimization. They may also assist with cost-benefit analysis, feasibility studies, and economic impact assessments. Strong analytical skills, knowledge of economic principles, and proficiency in statistical analysis are essential for this role.

Skills: Economics consultant, Economic analysis, Market research, Financial analysis, Public policy, International trade.
Job industry: Consulting

How much does Economics Consultant make?

Difference in salary year over year or average salary increase is approximately 4 %


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Economics Consultant a well paid job?

Yes, our data show that Economics Consultant is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Economics Consultant?

High salary for Economics Consultant would be somewhere between 174,441 MYR and 229,945 MYR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Economics Consultant in Malaysia?

Living in Malaysia the approximate monthly expenses are: 711 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 158,583 MYR
Estimated Monthly Salary: 13,215 MYR
Estimated Weekly Salary: 3,050 MYR per week
Estimated Hourly Salary: 76 MYR per hour
By working as Economics Consultant a person can save up to 1,928 USD per month or 23,135 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Malaysia, see costs of living in Malaysia.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Thailand, Indonesia, Singapore, Brunei, Vietnam, Philippines.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Economics Consultant

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Malaysia

Data as of 2025

Random salary:
Product development coordinator (85,275 MYR per year, pre-tax.)
Game artist (79,460 MYR per year, pre-tax.)
Alarm signal operator (42,635 MYR per year, pre-tax.)
Packaging lead hand (56,205 MYR per year, pre-tax.)
Senior commodity manager (164,347 MYR per year, pre-tax.)

Feedback about these results