An average investment banker based in South Africa earns R47,081 per month. The field has numerous financial perks and room to grow. There are similar job titles with much higher pay scales you can get posted to as an investment banker.
|Monthly Salary Range:
|R 27190 – R 60193
|Average Monthly Salary:
|An investment banker works in an advisory capacity and aids their clients in raising money and capital so they can expand their businesses accordingly.
|Bachelor’s degree in Finance, Economics, Business Administration, Mathematics, or related field.
Are you planning to practice as an investment banker as a fresh graduate? Here are some things you need to know about an investment banker’s salary in South Africa.
Investment Banker Salary Overview
On average, an investment banker based in South Africa earns R47,081 per month, which is R271.63 and R564,983 on an hourly and yearly basis, respectively. The median salary of an investment banker in the country is anywhere around R554,425 per year. Each year, an entry-level investment banker earns around R326,380, whereas a senior official with years of experience earns approximately R722,326 per year.
Investment banking is all about generating profits for clients; hence, notable bonuses are offered to high achievers in the profession. An investment banker receives a bonus amount of approximately R87,177 per year. Most companies have different categories of annual increments, including team-based increments, goal-based increments, and holiday bonuses.
As this guide is about a specific position, there is no specific salary structure. However, within investment banking, there are several roles you excel in with experience and education. Apart from this, the location of allocation also determines your final salary.
Let us discuss all these factors in detail. So, dive right in.
First, the city you are posted in matters a lot in determining your monthly salary. Usually, metro cities have bigger firms and a prominent industrial presence; hence, they have a higher pay scale. Here is a breakdown of the investment banker’s salary based on the location.
|Approximate Salary (Per Year)
Typically, investment bankers need to have at least a Bachelor’s degree in Finance, Economics, Business Administration, Mathematics, or a related field. As you excel and receive your Master’s qualification, there is a considerable (around 40%) increase in your pay scale. That said, do note that education alone does not count, and a Master’s degree with no experience may not earn as much as a Bachelor’s degree with relevant experience.
Similar Job Titles
There is a specific hierarchy within investment banking. Some roles require a high level of expertise and eventually a much higher pay scale. Let us check out how different roles are paid based on their level of difficulty.
|Approximate Salary (Per Year)
|Banking Finance Sales Representative
|Registered Investment Representative
|Securities Sales Trader
No specific salary differential was noted when it came to gender. There is usually a minimal difference in how men and women are paid as investment bankers in South Africa.
Responsibilities of an Investment Banker
An investment banker is a financial advisor. He/ she helps the clients to grow their capital so they can expand their businesses and make more money. Here are some responsibilities of an investment banker in a professional capacity.
- Selling securities to build the capital.
- Conducting research on how to execute finance deals.
- Suggesting investment opportunities to clients.
- Issuing debt and selling equity to raise capital.
- Assisting with corporate reconstruction.
Do you need a degree to become an investment banker?
Yes, you at least need a Bachelor’s degree in Finance, Economics, Business Administration, Mathematics, or related fields to become an investment banker.
How much does an average investment banker earn in South Africa?
An average investment banker in South Africa makes approximately R47,081 per month.
What is the median salary of an investment banker in South Africa?
The median salary of an investment banker in SA is approximately R554,425 per year.
How much does an entry-level investment banker earn in South Africa?
An entry-level investment banker in South Africa makes anywhere around R27,190 per month.
What is the highest salary of an investment banker in South Africa?
The highest-paid investment banker in South Africa earns around R60,193 per month.
Investment banking is a reputable profession in terms of fringe benefits, a handsome salary package, and opportunities to excel. All it needs for you to become an investment banker is a Bachelor’s degree and internship experience. I hope this guide has been helpful for anyone interested in practicing as an investment banker.
Article Modified on October 28, 2023. The data in this article is written and collected by multiple authors. Learn how we research on About Us.