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Top 10 highest paying jobs in Indonesia
When planning out the next steps in your career path, one major factor for you may be your salary. What are the industries that pay the best in Indonesia? What are the job titles with the highest salaries? Our latest Salary Benchmark Report has detailed data that answers those questions. You can download the full report, or first, have a look through the following list of 10 of the highest paying jobs.
1. Chief Financial Officer
Across industries, that of the Chief Financial Officer or CFO rises to the top of the highest paid roles in Indonesia and with good reason. A CFO is responsible for planning, strategy and performance management, and creates a roadmap for the financial success of an organisation. As the function of finance gets more complex, requiring agile thinking and acting quickly, the CFO role grows more demanding. According to our report, a CFO can expect to earn within the range of 135 million Rp per month.
How to get there: Earn a CPA or MBA, work on getting broad experience across financial functions, develop strong communication skills and experience which showcases strategic thinking.
2. Chief of Business Development
Among the highest paying jobs in Indonesia, many are within sales. The Chief of Business Development comes in next on the list. While the role itself varies depending on the industry, size of the company and organisational goals, generally the Chief of Business Development is in charge of bringing new clients or customers into the business, making major contributions to growth. It’s an essential role for companies as they expand and increase market share. Within this position, a salary of 115 million Rp per month can be expected.
How to get there: Develop your career in sales, and try to focus on experience in devising sales strategies. Given the highly visible element of this role, develop strong presentation and negotiation skills.
3. Senior Cost Accountant
Aside from business growth, another important aspect of financial success for any organisation is controlling costs, leading to the next highest paying job in Indonesia - Senior Cost Accountant. In this role, the individual is responsible for collecting, analysing and summarising costs within an organisation, along with planning ways to control those costs in an effective way. In this role, the more experience a professional has, the higher the salary and the highest reported salary was around 115 million Rp per month.
How to get there: Earn a CPA or an MBA, focus on a deep understanding of cost accounting, and developing strong communication and analytical skills. Start out as a junior accountant, and move up through cost accounting roles.
4. Head of Treasury
Interacting within several functions of finance including corporate accounting, auditing and tax, the Head of Treasury is a crucial role that manages overall cash management operations. A major part of the role is ensuring that companies have sufficient liquidity for working capital needs. Forecasting and future planning are also an important part of this role, requiring a highly skilled, analytical individual who can also communicate with other functions within an organisation. With this specialised skill set comes a salary of around 110 million Rp per month.
How to get there: Earn a Master’s degree, then look at passing the Certified Treasury Professional (CTP) exam. Start as a treasury accountant or analyst and work your way up through group treasury to this role.
5. Head of Finance
The Head of Finance deals with financial operations, financial and management reporting, treasury, tax and audit. It is a key leadership position that helps guide the overall direction of the company. The Head of Finance also works with aligning investments to meet both short and long term financial goals. This role usually works with other functions, and requires a person who has the ability to be a strong business partner. As such, those with the title of Head of Finance can expect around 110 million Rp per month.
How to get there: Earn a Master’s Degree, and focus on other professional certifications relevant to finance, such as a Chartered Financial Analyst (CFA). Focus on developing analytical skills and excellent communication skills.
6. Chief Administrative Officer
As the person in charge of overall daily operations of an organisation and the “overall performance of the departments they manage”. This high-level executive role is important for organisations of all sizes, across industries, as many of the day to day functions of the business, including financial report, marketing efforts and administrative policy fall under this role. Because an effective CAO can change the way the business operates, professionals within this role can expect to make around 110 million Rp per month.
How to get there: Start with a bachelor’s degree and look at other professional certifications available, for example from the International Facility Management Association. Focus on getting a variety of experience with planning out budgets and honing project management skills.
7. Business Director
A business director is a general term that is used to describe a professional who supervises a particular area of a company. The scope and exact responsibilities of this role vary, according to industry and how the individual organisations have structured their business, but this crucial role manages operations of a specific department and usually reports in to the CEO. Expected salary is around 110 million Rp per month.
How to get there: Starting with a master’s degree, become a specialist within your function and seek out opportunities to develop strong communication and leadership skills.
8. Marketing Director
Getting the strategic marketing direction right is no easy task for most organisations, making the role of Marketing Director one of the most important in terms of growth and visibility. From branding to market share, the Marketing Director has a key role. Demands for marketing directors have also increased as marketing itself changes to be more data-driven and agile. Marketing Directors in Indonesia should expect to make around 100 million Rp per month.
How to get there: Start with a bachelor’s in marketing and look at getting an MBA or similar qualification. Gain experience across marketing functions and stay up to date on new trends in marketing, paying particular attention to digital.
9. General Manager
General Managers are responsible for the profit and loss of a business, usually overseeing marketing and sales functions, along with operations. This role is a strategic one, involving delegation, coordination and looking at staff and decision making. It also requires a strategic thinker who can look into the future. Some industries use this title in different ways, and the responsibilities of the General Manager vary greatly, but General Managers report making 100 million Rp per month.
How to get there: Take opportunities throughout your career to learn about various functions such as sales, marketing and operations. Develop strategic planning skills and project management.
10. Sales Director
Sales directors focus on driving sales of the organisation, including setting and meeting targets, motivating the sales teams and overall managing sales operations. Sales directors may also be in charge of ensuring that customer care is up to par, along with fine-tuning the sales process continuously. Sales Directors in Indonesia make up to 100 million Rp per month.
How to get there: With a bachelor’s degree, learn the world of sales in and out. Seek out roles that are constantly changing and that adapt to changes in sales philosophies and responsive to changes in the sales world.