Investment bankers are one of the highest-paid professions in South Africa. Investment banker base salaries in South Africa vary widely by experience, seniority and region.
What is the average Investment Banker Salary in South Africa?
The average investment banker’s salary in South Africa is R556,407/year. The average base salary for an investment banker in South Africa is R218,000/year.
This information comes from PayScale, a website that aggregates user-submitted salaries and job listings and provides analytics to help you evaluate your own career path. On this site, you can see how much jobs pay in your area (or anywhere else) compared to national averages; search for specific positions within industries; compare your current salary with others’; or even find out what you’d make if you changed careers entirely!
R556,407 / year
You know that Wall Street is the most profitable corner of the financial world. Investment bankers are among those who earn big bucks, and they’re not afraid to spend it. But how much do investment bankers actually make? The answer depends on where you live and what kind of company you work for. A junior-level associate at Goldman Sachs will earn an annual salary of $100,000 in New York City, but that same employee would be paid around $65k if he were working in Tokyo or London. If you’re wondering why there’s such a big disparity between pay rates in different countries (and even within cities), it is tax rates as well as living costs—which can vary wildly depending on where you live!
Avg. Base Salary ( ZAR)
Base salary is the most common form of compensation paid to employees, and it’s usually what you’ll receive when you start your career as an investment banker. The amount of your base salary will depend on your level in the company, but in general:
- Base salaries are typically paid monthly or bi-monthly.
- They’re based on a combination of factors including years with the company, performance and industry standards.
- Base salaries are usually reviewed annually or bi-annually. The more experience you have under your belt, the higher your base salary will be—but even if you’re new to the industry, don’t worry! You can still expect a decent starting range for entry-level positions (ZAR40k-ZAR60k).
