BANKS / SALARY
SOUTH AFRICA

SALARY SURVEYS

15

UPDATED
April 2024
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AVERAGE SALARY / YEAR

MOST TYPICAL SALARY / YEAR

Gross income

Net (after tax)

18.3 ZAR = 1 USD

802,262 ZAR

$43,851 USD

Johannesburg

1,020,305 ZAR

768,398 ZAR

$42,000 USD

Including "Johannesburg"

Excluding "Johannesburg"

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Average Salary / Banks / South Africa

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Average salary for Banks / South Africa is 802,262 ZAR per year. The most typical earning is 768,398 ZAR. All data are based on 15 salary surveys. Salaries are different between men and women. Men receive an average salary of 989,770 ZAR. Women receive a salary of 510,436 ZAR.

Based on education, the highest salaries receive people with Doctorate Degree with salary of 1,348,356 ZAR. The second most paid education level is Masters Degree with salary of 1,070,269 ZAR.

Different experiences affect earning as well. People with 20+ Years of experience receive salary of 1,253,221 ZAR. Employees with 8-12 Years of experience receive 945,861 ZAR.

Levels / Banks / 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	0	n/a
183,000 ZAR - 274,399 ZAR	2	100% 13.33%
274,400 ZAR - 365,899 ZAR	1	86.67% 6.67%
365,900 ZAR - 457,399 ZAR	0	n/a
457,400 ZAR - 548,799 ZAR	2	80% 13.33%
548,900 ZAR - 640,299 ZAR	1	66.67% 6.67%
640,300 ZAR - 731,799 ZAR	1	60% 6.67%
THE MOST TYPICAL SALARY
731,800 ZAR - 823,299 ZAR	3	53.33% 20%
823,300 ZAR - 914,699 ZAR	0	n/a
914,800 ZAR - 1,006,199 ZAR	0	n/a
1,006,200 ZAR - 1,097,699 ZAR	0	n/a
1,097,700 ZAR - 1,189,199 ZAR	1	33.33% 6.67%
1,189,200 ZAR - 1,280,599 ZAR	1	26.67% 6.67%
1,280,700 ZAR - 1,372,099 ZAR	2	20% 13.33%
1,372,100 ZAR - 1,463,599 ZAR	0	n/a
1,463,600 ZAR - 1,555,099 ZAR	0	n/a
1,555,100 ZAR - 1,646,499 ZAR	0	n/a
1,646,600 ZAR - 1,737,999 ZAR	1	6.67% 6.67%
1,738,000 ZAR - 1,829,499 ZAR	0	n/a
1,829,500 ZAR - 1,920,999 ZAR	0	n/a
1,921,000 ZAR - 2,012,499 ZAR	0	n/a
2,012,500 ZAR - 2,103,899 ZAR	0	n/a
2,103,900 ZAR - 2,195,399 ZAR	0	n/a
2,195,400 ZAR - 2,286,899 ZAR	0	n/a
2,286,900 ZAR - 2,378,399 ZAR	0	n/a
2,378,400 ZAR - 2,469,799 ZAR	0	n/a
2,469,900 ZAR - 2,561,299 ZAR	0	n/a
2,561,300 ZAR - 2,652,799 ZAR	0	n/a
2,652,800 ZAR - 2,744,299 ZAR	0	n/a
HIGH SALARIES
2,744,300 ZAR - 2,927,199 ZAR	0	n/a
2,927,200 ZAR - 3,110,199 ZAR	0	n/a
3,110,200 ZAR - 3,293,099 ZAR	0	n/a
3,293,100 ZAR - 3,476,099 ZAR	0	n/a
3,476,100 ZAR - 3,658,999 ZAR	0	n/a
3,659,000 ZAR - 3,841,999 ZAR	0	n/a
3,842,000 ZAR - 4,024,899 ZAR	0	n/a
4,024,900 ZAR - 4,207,899 ZAR	0	n/a
4,207,900 ZAR - 4,390,799 ZAR	0	n/a
4,390,800 ZAR - 4,573,799 ZAR	0	n/a
4,573,800 ZAR - 6,403,299 ZAR	0	n/a

Gender / Banks / South Africa (Gross ZAR)

#		Surveys		AVERAGE SALARY / YEAR
1	Men	8	989,770 ZAR
2	Women	4	510,436 ZAR

Education / Banks / South Africa (Gross ZAR)

#		Surveys
1	Doctorate Degree	1	1,348,356 ZAR
2	Masters Degree	3	1,070,269 ZAR
3	Some College	4	711,683 ZAR
4	High School	3	680,581 ZAR
5	Bachelors Degree	4	645,820 ZAR

Experience / Banks / South Africa (Gross ZAR)

#		Surveys
1	20+ Years	2	1,253,221 ZAR
2	8-12 Years	4	945,861 ZAR
3	2-4 Years	2	944,032 ZAR
4	12-16 Years	1	808,647 ZAR
5	4-8 Years	5	510,436 ZAR
6	16-20 Years	1	493,970 ZAR

Age / Banks / South Africa (Gross ZAR)

#		Surveys
1	51-55	1	1,348,356 ZAR
2	66-70	1	1,158,086 ZAR
3	31-35	5	1,009,895 ZAR
4	41-45	1	808,647 ZAR
5	n/a	3	691,558 ZAR
6	36-40	1	493,970 ZAR
7	26-30	2	429,937 ZAR
8	21-25	1	241,496 ZAR

Work Type / Banks / South Africa (Gross ZAR)

#		Surveys		AVERAGE SALARY / YEAR
1	Self Employed	1	1,158,086 ZAR
2	Permanent	14	777,546 ZAR

Cities / Banks / South Africa (Gross ZAR)

#		Surveys
1	Johannesburg	9	1,020,872 ZAR
2	Emalahleni	1	808,647 ZAR
3	Tshwane	1	506,777 ZAR
4	--Other--	1	493,970 ZAR
5	Cape Town	2	404,323 ZAR
6	Ekurhuleni	1	236,008 ZAR

People's individual salary examples (surveys)

Relationship Manager

Posted 11 January 2022
Key knowledge and tasks

"Banking."

City	Education	Experience	Knowledge	Gross salary / year
Johannesburg	Masters Degree	2-4 Years	Advanced	1,647,500 ZAR

Head: Product Management

Posted 02 October 2020
Key knowledge and tasks

"Product portfolio management; senior manager; MBA, Global Executie MBA (Stern, NYU), Robotic Process Automation; product innovation; corporate transactional sales; working capital management; workflow tool development; risk and compliance; corporate training; executive."

City	Education	Experience	Knowledge	Gross salary / year
Johannesburg	Doctorate Degree	20+ Years	n/a	1,349,100 ZAR

Cvm Manager

Posted 09 October 2018
Key knowledge and tasks

"Sales and marketing."

City	Education	Experience	Knowledge	Gross salary / year
Johannesburg	Bachelors Degree	8-12 Years	n/a	1,288,000 ZAR

Team Leader

Posted 14 September 2018
Key knowledge and tasks

"Started as a receptionist for a Laptop Company from 2006 - 2007 and progressed to a Executive Personal Assistant to a Dr in Financial Planning within the Banking industry at the end of 2007 - 2013 my core tasks consisted of planning, client liaising, client booking, reporting, filing, data capturing, delivering of documents. In 2013 I embarked on a new venture into a different Bank where I am currently a Team Leader in which I Lead a high performing team in line with the organisational strategy while maintaining cost, quality, performance, risk, recruitment. This is performed by monitoring, tracking, reporting, managing, investigating, analyzing, coaching, mentoring, disciplining, conflict management, change management, project management, fact training. Throughout my current career I have completed numerous courses, accreditations and received certificates."

City	Education	Experience	Knowledge	Gross salary / year
Tshwane	Some College	8-12 Years	n/a	506,000 ZAR

BANKS / SALARY SOUTH AFRICA

15