Gen Y finance professionals prioritise career advancement, work challenges

KUALA LUMPUR: Asean Generation Y (Gen Y) finance professionals prioritise career advancement and work challenges as their top work priority, said Asian Institute of Finance (AIF).

In a study conducted by AIF, titled “Gen Y in Workplace : An Asean Perspective”, it said that Malaysian Gen Y have a tendency to prioritise fast career progression.

AIF chief executive officer Raymond Madden said that this study represented one of the most comprehensive regional surveys of its kind, exploring Gen Y attitudes to the work place job expectations and career development.

“The study reveals that career advancement is seen as the most important driver as opposed to salary,” it said.

It is estimated that by 2030, Gen Y would make up over half of Asean’s total population and is set to transform the workplace across the region.

“As this generation moves into management position, their success will have a significant influence on the future success of national economies,” it said.

The survey was conducted across the region involving more than 1,900 Gen Y professionals, aged 20-34 years, and managers from financial institutions.

AIF is a think tank jointly established by Bank Negara Malaysia and the Securities Commission Malays i a to enhance human capital development and talent management across the financial services. — Bernama