Business Analyst Salary in South Africa
Compensation for IT Business Analysts in South Africa scales with experience:
- Entry-Level (<1 year): Typically around R256,406.
- Early Career (1-4 years): Average rises to R360,206.
- Mid Career (5-9 years): Further increase to R538,000.
- Late Career (10-19 years): Salaries advance to R621,000.
- Experienced (20+ years): Reaches around R625,000, reflecting a 55% increase from the early career stage.
What Do Business Analysts Do?
IT Business Analysts focus on enhancing IT operations within a company, providing strategic insights to optimize both hardware and software usage. They conduct in-depth analyses to pinpoint areas for improvement and are integral in bridging the gap between IT capacities and business objectives.
Find your market worth – how it works:
Understanding your market worth involves:
- Entering your city and years of experience.
- Adding factors such as skills and education.
- Receiving a personalized report that helps you negotiate pay confidently.
Common Health Benefits for a Business Analyst
Health benefits provided to IT Business Analysts vary:
- Medical: 46% have access to medical benefits.
- Dental: Only 7% receive dental coverage.
- Vision: Same as dental, at 7%.
- None: A significant 54% do not receive any form of health benefits.
What Are Popular Skills for Business Analysts?
Skills impacting earnings include:
- Business Analysis: Average salary of R411,105.
- Requirements Analysis: Higher average of R444,185.
- Project Management: Leads with R474,451.
- Acceptance Testing and Documentation: Pay below the market rate at R387,046 and R390,367, respectively.
Skills That Affect Business Analyst Salaries
Key skills that influence salary variations:
- Technical Analysis: Increases salary by 52%.
- ScrumMaster: 37% salary boost.
- Agile Software Development: Enhances pay by 30%.
Popular Career Paths for Business Analysts
Career trajectories for IT Business Analysts often evolve into:
- Senior Business Analyst
- Business Analysis Manager, IT
- Product Owner
FAQs About Business Analysts
- What is the highest pay for Business Analysts? Up to ZAR 705k per year.
- What is the lowest pay for Business Analysts? Starts at ZAR 175k per year.
Business Analyst Salaries By Location
Location significantly affects salary, e.g., Cape Town shows a slight salary increase by 2% compared to the national average.
Popular Employers for Business Analysts
Some of the top paying employers include:
- Capitec Bank: R617,569.
- Investec: Around R500,000.
- Absa: Average pay of R479,561.
Business Analyst Related Job Salaries
Comparative salaries for related positions:
- Senior Business Analyst: R463k — R980k.
- Data Analyst: R113k — R554k.
- Project Manager, General: R122k — R899k.
This structured analysis provides a comprehensive view into the salary dynamics, career opportunities, and market value for Business Analysts within the IT sector in South Africa.
