How Much Does A Chartered Accountant Earn In South Africa?
In South Africa, the mean monthly salary for a chartered accountant is roughly 28,500 ZAR. The lowest salary is 14,800 ZAR, while the highest is 43,600 ZAR (highest).
This is the typical monthly wage, which also includes housing, transportation, and other amenities. Chartered Accountant pay varies greatly according to factors including experience, aptitude, gender, and region.
Salary Tiers of Chartered Accountants
In South Africa, Chartered Accountant salaries vary from 14,800 ZAR (the minimum wage) to 43,600 ZAR (the maximum compensation).
Average Salary of Chartered Accountants in South Africa
Half (50%) of Chartered Accountant(s) employees make less than 27,300 ZAR per month than the median pay, while the other half make more than 27,300 ZAR per month.
What impact do age and experience have on your pay?
The degree of experience has the most impact on compensation. Naturally, your salary will increase as you get more experience.
The average monthly salary for a Chartered Accountant with less two years of experience is 16,800 ZAR.
A person with two to five years of experience may expect to make 22,600 ZAR each month, which is 34% more than someone with less than two years of experience.
Moving forward, someone with five to 10 years of experience earns 29,300 ZAR per month, which is 30% more than someone with only two to five years of experience.
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Salar Increase With Academic Progression
We all know that a degree entitles you to a better wage, but how much more can a degree increase your take-home pay? To compare, we divided Chartered Accountant wages by degree of education.
A Chartered Accountant typically earns 20,000 ZAR per month at the Certificate or Diploma level of schooling.
While the pay of someone with a bachelor’s degree is 30,300 ZAR per month, it is 52% more than the salary of someone with a certificate or diploma.
The average pay for someone with a master’s degree is 43,000 ZAR per month, which is 42% higher than the wage for someone with a bachelor’s degree.
