For students or school leavers in Sarawak contemplating their future careers, accountancy may not immediately come to mind amidst the buzz surrounding science, technology, and engineering.
However, it’s a field undergoing rapid transformation, and with significant investment in Sarawak, it presents a promising avenue for a secure and successful future.
The Current Accountancy Landscape
Sarawak’s economy is evolving dynamically, with a focus on sustainable energy and innovative tech industries.
However, with this progress comes the need for adept professionals who can navigate financial intricacies, drive strategic decisions, and maintain accountability – roles that accountants are perfectly positioned to fill.
Currently, according to AJobThing, accountancy roles in Sarawak offer an attractive starting salary of around RM3,000 per month.
This reflects a broader trend across Malaysia, where the demand for qualified accountants remains high as the nation pushes toward its 2030 target of 60,000 professionals – a target we’re still far from achieving.
This presents a golden opportunity for young professionals to join the industry.
Regulated by the Malaysian Institute of Accountants (MIA) under the Accountants Act, 1967, the accounting profession in Malaysia had approximately 40,950 members as of April 2025.
Given Malaysia’s population of around 33 million, this translates to one accountant for every 805 individuals.
Regionally, the accounting sector in ASEAN is growing, driven by stricter reporting frameworks and the digital evolution of businesses.
On a global scale, the market for accounting services is projected to reach USD 660 billion by 2025, driven by growing needs for financial oversight, regulatory compliance, and sustainability-focused reporting.
How Accountancy Supports Sarawak’s Vision
Sarawak aims to position itself as a high-income, environmentally sustainable economy through ground-breaking projects in carbon trading, green initiatives, and digitalisation.
Financial accountability and professional expertise are at the core of these efforts, highlighting the indispensable role of accountants.
From 2026 onwards, Sarawak’s state-owned universities will offer free tertiary education in finance and accounting, a clear acknowledgment of the profession’s importance to the state’s aspirations.
This initiative highlights the critical role accountants will play in shaping the state’s future while offering young Sarawakians an incredible opportunity to join the field.
Is It the Right Choice Compared to STEM?
STEM disciplines – Science, Technology, Engineering, and Mathematics – are often hailed as the go-to fields for ambitious students.
While they’re undoubtedly significant, accountancy offers opportunities that are just as dynamic.
Modern accountants are deeply integrated with technology, leveraging skills in data analytics, AI, and cloud-based financial tools.
Their work involves solving complex business problems, predicting future trends, and making critical strategic decisions.
If you’re passionate about technology yet value a career that’s stable, flexible, and offers diverse opportunities, accountancy could be the perfect fit.
What Challenges Exist in the Field?
Like any profession, accountancy comes with its own set of challenges.
In Malaysia, declining interest among students has been partly driven by stereotypes.
Many still view the field as monotonous or outdated, which couldn’t be further from the truth.
Technological advances, particularly in automation and AI, are reshaping the role.
This evolution demands that accountants move beyond routine work, embracing roles that involve strategic thinking, advanced data analysis, and business advisory.
Additionally, global competition has intensified as countries like India emerge as major hubs for outsourced services.
Therefore, Malaysian graduates must stay ahead by being adaptable, tech-savvy, and highly skilled.
What’s Being Done – and What Can You Do?
There are practical solutions already in place:
Starting in 2026, Sarawak’s free education program will make learning more accessible for all.
To meet industry demands, universities and professional bodies are enhancing their curricula with digital accounting modules.
Opportunities for internships and apprenticeships help students bridge the gap between academic learning and professional practice.
Holding certifications like ACCA, CPA, or CIMA remains a significant advantage in the global job market.
For students, this is the perfect time to seize these opportunities.
Get familiar with digital tools, acquire real-world experience, and start networking to lay the foundation for your career.
Pros and Cons of Choosing Accountancy
Pros:
High demand for accounting professionals across various fields.
Competitive entry-level salaries with clear advancement opportunities.
Adaptable skills that are valuable in any professional setting.
Pathways for specialization in areas such as auditing, forensic accounting, and sustainability.
Cons:
High-pressure times during tax season and financial reporting cycles.
Demands continuous learning to stay updated with evolving laws and technology.
May be viewed as mundane without exposure to its broader business implications.
Advice for School Leavers and Graduates
If accounting is on your radar as a degree or career path, here are steps you can take now:
Learn about the profession early: Attend seminars, talk to professionals, and explore areas like auditing, tax, and advisory.
Hone your soft skills: Strong communication, analytical thinking, and ethical decision-making are invaluable.
Develop tech skills: Proficiency in tools like Excel, QuickBooks, or data visualization software is a significant advantage.
Pursue professional certifications: Credentials such as ACCA or MICPA can give you a global edge.
Final Thoughts:
In Sarawak, accountancy has evolved from being a traditional career choice to a forward-thinking and strategic profession.
With the state’s emphasis on economic reform and accountability, the demand for knowledgeable accountants is growing rapidly.
For ambitious learners, this career path offers stability, variety, and significant impact.
Whether you’re fascinated by business, intrigued by financial systems, or seeking a career with flexibility and long-term security, accountancy is worth exploring.
References:
- Malaysian Institute of Accountants (MIA) Membership Statistics
- Malaysia Far From 2030 Target of 60,000 Accounting Professionals
- Accounting Salary in Sarawak
- Accounting Services Global Market Report
- Sarawak Implements Free Tertiary Education Scheme from 2026
- AI is Coming for the Big Four Too
- U.S Accounting Firm Tap India to Alleviate Talent Crunch
