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FINANCE & BANKING / SALARY
Average Salary - Finance & Banking / South Africa SOUTH AFRICA


SALARY SURVEYS

305

UPDATED
April 2024
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AVERAGE SALARY / YEAR MOST TYPICAL SALARY / YEAR
Gross income
Net (after tax)

18.3 ZAR = 1 USD

1,012,291 ZAR

$55,331 USD
Johannesburg

1,162,989 ZAR

768,398 ZAR

$42,000 USD
Including "Johannesburg"
Excluding "Johannesburg"

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Average Salary / Finance & Banking / South Africa

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Average salary for Finance & Banking / South Africa is 1,012,291 ZAR per year. The most typical earning is 768,398 ZAR. All data are based on 305 salary surveys. Salaries are different between men and women. Men receive an average salary of 1,123,325 ZAR. Women receive a salary of 823,284 ZAR.

Based on education, the highest salaries receive people with Masters Degree with salary of 1,591,682 ZAR. The second most paid education level is Doctorate Degree with salary of 1,324,572 ZAR.

Different experiences affect earning as well. People with 20+ Years of experience receive salary of 1,668,522 ZAR. Employees with 12-16 Years of experience receive 1,481,911 ZAR.

Levels / Finance & Banking / South Africa (Gross ZAR)

Salary Levels (ZAR) per Year Surveys [%]
54,900 ZAR - 91,499 ZAR
0 n/a
91,500 ZAR - 182,899 ZAR
7 100%
2.3%
183,000 ZAR - 274,399 ZAR
12 97.7%
3.93%
274,400 ZAR - 365,899 ZAR
10 93.77%
3.28%
365,900 ZAR - 457,399 ZAR
27 90.49%
8.85%
457,400 ZAR - 548,799 ZAR
22 81.64%
7.21%
548,900 ZAR - 640,299 ZAR
29 74.43%
9.51%
640,300 ZAR - 731,799 ZAR
19 64.92%
6.23%
THE MOST TYPICAL SALARY
731,800 ZAR - 823,299 ZAR
31 58.69%
10.16%
823,300 ZAR - 914,699 ZAR
19 48.52%
6.23%
914,800 ZAR - 1,006,199 ZAR
12 42.3%
3.93%
1,006,200 ZAR - 1,097,699 ZAR
17 38.36%
5.57%
1,097,700 ZAR - 1,189,199 ZAR
16 32.79%
5.25%
1,189,200 ZAR - 1,280,599 ZAR
19 27.54%
6.23%
1,280,700 ZAR - 1,372,099 ZAR
10 21.31%
3.28%
1,372,100 ZAR - 1,463,599 ZAR
6 18.03%
1.97%
1,463,600 ZAR - 1,555,099 ZAR
6 16.07%
1.97%
1,555,100 ZAR - 1,646,499 ZAR
7 14.1%
2.3%
1,646,600 ZAR - 1,737,999 ZAR
5 11.8%
1.64%
1,738,000 ZAR - 1,829,499 ZAR
3 10.16%
0.98%
1,829,500 ZAR - 1,920,999 ZAR
3 9.18%
0.98%
1,921,000 ZAR - 2,012,499 ZAR
2 8.2%
0.66%
2,012,500 ZAR - 2,103,899 ZAR
2 7.54%
0.66%
2,103,900 ZAR - 2,195,399 ZAR
3 6.89%
0.98%
2,195,400 ZAR - 2,286,899 ZAR
2 5.9%
0.66%
2,286,900 ZAR - 2,378,399 ZAR
0 n/a
2,378,400 ZAR - 2,469,799 ZAR
1 5.25%
0.33%
2,469,900 ZAR - 2,561,299 ZAR
2 4.92%
0.66%
2,561,300 ZAR - 2,652,799 ZAR
0 n/a
2,652,800 ZAR - 2,744,299 ZAR
1 4.26%
0.33%
HIGH SALARIES
2,744,300 ZAR - 2,927,199 ZAR
1 3.93%
0.33%
2,927,200 ZAR - 3,110,199 ZAR
1 3.61%
0.33%
3,110,200 ZAR - 3,293,099 ZAR
1 3.28%
0.33%
3,293,100 ZAR - 3,476,099 ZAR
1 2.95%
0.33%
3,476,100 ZAR - 3,658,999 ZAR
0 n/a
3,659,000 ZAR - 3,841,999 ZAR
1 2.62%
0.33%
3,842,000 ZAR - 4,024,899 ZAR
0 n/a
4,024,900 ZAR - 4,207,899 ZAR
1 2.3%
0.33%
4,207,900 ZAR - 4,390,799 ZAR
2 1.97%
0.66%
4,390,800 ZAR - 4,573,799 ZAR
1 1.31%
0.33%
4,573,800 ZAR - 6,403,299 ZAR
3 0.98%
0.98%
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Gender / Finance & Banking / South Africa (Gross ZAR)

# Surveys AVERAGE SALARY / YEAR
1 Men 141 1,123,325 ZAR
2 Women 95 823,284 ZAR

Education / Finance & Banking / South Africa (Gross ZAR)

# Surveys AVERAGE SALARY / YEAR
1 Masters Degree 66 1,591,682 ZAR
2 Doctorate Degree 4 1,324,572 ZAR
3 Bachelors Degree 173 923,907 ZAR
4 Some College 44 653,138 ZAR
5 High School 18 545,196 ZAR

Experience / Finance & Banking / South Africa (Gross ZAR)

# Surveys AVERAGE SALARY / YEAR
1 20+ Years 26 1,668,522 ZAR
2 12-16 Years 31 1,481,911 ZAR
3 16-20 Years 25 1,245,903 ZAR
4 8-12 Years 56 1,070,269 ZAR
5 4-8 Years 64 843,408 ZAR
6 2-4 Years 54 826,943 ZAR
7 1-2 Years 25 642,161 ZAR
8 0-1 Year 24 570,810 ZAR

Age / Finance & Banking / South Africa (Gross ZAR)

# Surveys AVERAGE SALARY / YEAR
1 46-50 10 2,092,970 ZAR
2 51-55 7 1,463,616 ZAR
3 41-45 18 1,331,890 ZAR
4 66-70 1 1,158,086 ZAR
5 31-35 62 1,119,666 ZAR
6 36-40 37 1,073,928 ZAR
7 n/a 69 1,044,655 ZAR
8 56-60 3 858,044 ZAR
9 26-30 74 768,398 ZAR
10 21-25 24 492,140 ZAR

Work Type / Finance & Banking / South Africa (Gross ZAR)

# Surveys AVERAGE SALARY / YEAR
1 Part Time 1 1,035,508 ZAR
2 Permanent 283 1,028,190 ZAR
3 Self Employed 8 909,271 ZAR
4 Contract 13 713,512 ZAR

Cities / Finance & Banking / South Africa (Gross ZAR)

# Surveys AVERAGE SALARY / YEAR
1 Emalahleni 5 1,518,501 ZAR
2 Johannesburg 184 1,163,574 ZAR
3 Nelson Mandela Bay Metro 6 911,100 ZAR
4 Tshwane 11 894,635 ZAR
5 Mangaung 2 870,851 ZAR
6 Cape Town 73 783,034 ZAR
7 eThekwini 8 665,945 ZAR
8 Matlosana 1 612,889 ZAR
9 --Other-- 5 504,947 ZAR
10 Ekurhuleni 5 503,118 ZAR
11 Mbombela 2 488,481 ZAR
12 Buffalo, South Africa 2 418,960 ZAR
13 Polokwane 1 171,974 ZAR

Careers / Finance & Banking / South Africa (Gross ZAR)

# Surveys AVERAGE SALARY / YEAR
1 Hedge Fund Manager 2 2,378,376 ZAR
2 MBA 9 2,144,197 ZAR
3 Investment Manager 12 1,933,802 ZAR
4 Fund Manager 1 1,256,880 ZAR
5 Finance Manager 57 1,218,460 ZAR
6 Chartered Financial Analyst 6 1,205,653 ZAR
7 Stock Broker Lead 1 1,205,653 ZAR
8 Stock Broker 6 1,189,188 ZAR
9 Risk Manager 21 1,147,109 ZAR
10 Tax Manager 4 1,064,780 ZAR
11 Risk Analyst 23 887,317 ZAR
12 Financial Accountant 16 872,681 ZAR
13 Financial Analyst 31 845,238 ZAR
14 Other Finance Career 61 814,136 ZAR
15 Banks 15 803,159 ZAR
16 Mortgage Adviser 2 751,932 ZAR
17 Economist 14 662,286 ZAR
18 Financial Adviser 13 662,286 ZAR
19 Financial Coordinator 4 643,991 ZAR
20 Bank Manager 4 543,367 ZAR
21 Bank Cashier 3 201,247 ZAR

People's individual salary examples (surveys)

Analyst
Posted 17 November 2023
City Education Experience Knowledge Gross salary / year
Johannesburg Bachelors Degree 2-4 Years Intermediate 815,200 ZAR

Credit Risk Manager
Posted 26 July 2022
City Education Experience Knowledge Gross salary / year
Cape Town Masters Degree 2-4 Years Expert 1,190,200 ZAR

Finance Director
Posted 18 July 2022
City Education Experience Knowledge Gross salary / year
Cape Town Bachelors Degree 2-4 Years Advanced 899,100 ZAR

Financial Manager
Posted 11 July 2022
City Education Experience Knowledge Gross salary / year
Johannesburg High School 16-20 Years Expert 459,500 ZAR

Investment Analyst
Posted 13 June 2022
City Education Experience Knowledge Gross salary / year
Cape Town Bachelors Degree 0-1 Year Intermediate 294,500 ZAR

Operations Manager
Posted 13 June 2022
City Education Experience Knowledge Gross salary / year
Cape Town Masters Degree 4-8 Years Advanced 756,900 ZAR

Chief Opertaing Officer
Posted 22 March 2022
City Education Experience Knowledge Gross salary / year
Cape Town Bachelors Degree 8-12 Years Advanced 905,500 ZAR

Manager
Posted 22 March 2022
City Education Experience Knowledge Gross salary / year
Johannesburg Masters Degree 1-2 Years Advanced 754,500 ZAR

Analyst
Posted 17 March 2022
City Education Experience Knowledge Gross salary / year
Johannesburg Bachelors Degree 1-2 Years Advanced 608,500 ZAR

Head
Posted 03 March 2022
City Education Experience Knowledge Gross salary / year
Johannesburg Bachelors Degree 2-4 Years Advanced 1,217,000 ZAR

Finance Manager
Posted 12 January 2022
City Education Experience Knowledge Gross salary / year
Johannesburg Bachelors Degree 8-12 Years Advanced 718,600 ZAR

Relationship Manager
Posted 11 January 2022
City Education Experience Knowledge Gross salary / year
Johannesburg Masters Degree 2-4 Years Advanced 1,647,500 ZAR

Finance Manager
Posted 22 November 2021
City Education Experience Knowledge Gross salary / year
Johannesburg Masters Degree 1-2 Years Expert 1,013,900 ZAR

Consultant
Posted 07 November 2021
City Education Experience Knowledge Gross salary / year
Johannesburg Bachelors Degree 1-2 Years Advanced 410,600 ZAR

Analyst
Posted 27 October 2021
City Education Experience Knowledge Gross salary / year
Johannesburg Masters Degree 2-4 Years Expert 3,041,600 ZAR

Assistant Accountant
Posted 17 August 2021
City Education Experience Knowledge Gross salary / year
Cape Town High School 8-12 Years Basic 365,000 ZAR

Banking Analyst
Posted 17 August 2021
City Education Experience Knowledge Gross salary / year
Johannesburg Some College 1-2 Years Advanced 509,000 ZAR

Risk Officer
Posted 26 March 2021
City Education Experience Knowledge Gross salary / year
Johannesburg Bachelors Degree 4-8 Years n/a 552,200 ZAR

Trade Support
Posted 24 March 2021
City Education Experience Knowledge Gross salary / year
Johannesburg Bachelors Degree 2-4 Years n/a 369,800 ZAR

Senior Credit Risk Manager
Posted 23 March 2021
City Education Experience Knowledge Gross salary / year
Johannesburg Masters Degree 8-12 Years n/a 1,602,500 ZAR

Commercial Manager
Posted 09 March 2021
City Education Experience Knowledge Gross salary / year
Emalahleni Bachelors Degree 12-16 Years n/a 2,144,900 ZAR

Commercial Manager
Posted 26 January 2021
City Education Experience Knowledge Gross salary / year
Johannesburg Bachelors Degree 12-16 Years n/a 1,047,800 ZAR

Chief Commercial Officer
Posted 16 January 2021
City Education Experience Knowledge Gross salary / year
Johannesburg Masters Degree 4-8 Years n/a 1,035,500 ZAR

Team Leader
Posted 13 January 2021
City Education Experience Knowledge Gross salary / year
Johannesburg High School 16-20 Years n/a 376,000 ZAR

Divisional Manager
Posted 25 December 2020
City Education Experience Knowledge Gross salary / year
Johannesburg Masters Degree 16-20 Years n/a 2,452,800 ZAR

Treasury Manager
Posted 07 December 2020
City Education Experience Knowledge Gross salary / year
Johannesburg Bachelors Degree 8-12 Years n/a 1,533,000 ZAR

Compliance Officer
Posted 03 December 2020
City Education Experience Knowledge Gross salary / year
Cape Town Some College 12-16 Years n/a 858,500 ZAR

Finance Manager
Posted 27 October 2020
City Education Experience Knowledge Gross salary / year
Cape Town Bachelors Degree 4-8 Years n/a 794,700 ZAR

Executive Assistant
Posted 26 October 2020
City Education Experience Knowledge Gross salary / year
Cape Town Some College 20+ Years n/a 490,500 ZAR

Financial Manager
Posted 12 October 2020
City Education Experience Knowledge Gross salary / year
Cape Town Bachelors Degree 2-4 Years n/a 711,300 ZAR

Risk Analyst
Posted 08 October 2020
City Education Experience Knowledge Gross salary / year
Johannesburg Bachelors Degree 8-12 Years n/a 797,100 ZAR

Head: Product Management
Posted 02 October 2020
City Education Experience Knowledge Gross salary / year
Johannesburg Doctorate Degree 20+ Years n/a 1,349,100 ZAR

Structured Lending Specialist
Posted 25 September 2020
City Education Experience Knowledge Gross salary / year
Cape Town Bachelors Degree 16-20 Years n/a 735,800 ZAR

Financial Controller
Posted 16 September 2020
City Education Experience Knowledge Gross salary / year
Johannesburg Bachelors Degree 8-12 Years n/a 1,030,100 ZAR

Chief Operating Officer
Posted 14 September 2020
City Education Experience Knowledge Gross salary / year
Cape Town Bachelors Degree 16-20 Years n/a 1,716,900 ZAR

Planning Officer
Posted 08 August 2020
City Education Experience Knowledge Gross salary / year
Mbombela Bachelors Degree 8-12 Years n/a 390,000 ZAR

Senior Finance Business Partner
Posted 29 July 2020
City Education Experience Knowledge Gross salary / year
Johannesburg Bachelors Degree 2-4 Years n/a 1,046,100 ZAR

Finance Business Partner
Posted 20 July 2020
City Education Experience Knowledge Gross salary / year
Johannesburg Bachelors Degree 4-8 Years n/a 809,400 ZAR

Data Scientist
Posted 09 July 2020
City Education Experience Knowledge Gross salary / year
Johannesburg Bachelors Degree 0-1 Year n/a 515,100 ZAR

Head Of Treasury
Posted 23 June 2020
City Education Experience Knowledge Gross salary / year
Johannesburg Bachelors Degree 12-16 Years n/a 1,716,900 ZAR

Strategy Analyst
Posted 05 June 2020
City Education Experience Knowledge Gross salary / year
Johannesburg Bachelors Degree 4-8 Years n/a 588,600 ZAR

Investment Analyst
Posted 19 April 2020
City Education Experience Knowledge Gross salary / year
Cape Town Bachelors Degree 8-12 Years n/a 937,000 ZAR

Vp Investment Manager
Posted 11 April 2020
City Education Experience Knowledge Gross salary / year
Johannesburg Bachelors Degree 16-20 Years n/a 1,962,200 ZAR

Data Engineer
Posted 24 March 2020
City Education Experience Knowledge Gross salary / year
Johannesburg Bachelors Degree 2-4 Years n/a 441,500 ZAR

Senior Financial Manager
Posted 11 February 2020
City Education Experience Knowledge Gross salary / year
Johannesburg Bachelors Degree 8-12 Years n/a 1,103,700 ZAR

Snr Financial Adviser
Posted 11 January 2020
City Education Experience Knowledge Gross salary / year
Mbombela Bachelors Degree 12-16 Years n/a 588,600 ZAR

Financial Planner
Posted 07 January 2020
City Education Experience Knowledge Gross salary / year
Cape Town Bachelors Degree 4-8 Years n/a 441,500 ZAR

Credit Analyst
Posted 31 December 2019
City Education Experience Knowledge Gross salary / year
Johannesburg Bachelors Degree 2-4 Years n/a 540,700 ZAR

Group Reporting Manager
Posted 21 December 2019
City Education Experience Knowledge Gross salary / year
Johannesburg Bachelors Degree 8-12 Years n/a 1,215,200 ZAR

Financial Accountant
Posted 29 November 2019
City Education Experience Knowledge Gross salary / year
Cape Town Bachelors Degree 4-8 Years n/a 635,300 ZAR


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