Bank Analyst salary in South Africa

Average Yearly Salary of Bank Analyst in South Africa is approximately 125,136 ZAR (6,291 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Bank Analyst do?

A bank analyst is responsible for conducting in-depth financial research and analysis of banks and financial institutions. They evaluate the performance, profitability, and risk management practices of banks, as well as assess their overall financial health. Bank analysts analyze financial statements, market trends, and economic indicators to provide insights and recommendations to clients or internal stakeholders. They also monitor regulatory compliance and industry developments to identify potential risks and opportunities. Bank analysts may work in investment banks, commercial banks, or financial consulting firms, providing crucial information to support investment decisions, risk management strategies, and financial planning.

Skills: Bank analysis, Financial research, Risk assessment, Financial modeling, Investment banking, Financial consulting
Job industry: Finance

How much does Bank Analyst make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Bank Analyst a well paid job?

Yes, our data show that Bank Analyst is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Bank Analyst?

High salary for Bank Analyst would be somewhere between 137,650 ZAR and 181,447 ZAR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Bank Analyst in South Africa?

Living in South Africa the approximate monthly expenses are: 271 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 125,136 ZAR
Estimated Monthly Salary: 10,428 ZAR
Estimated Weekly Salary: 2,406 ZAR per week
Estimated Hourly Salary: 60 ZAR per hour
By working as Bank Analyst a person can save up to 253 USD per month or 3,037 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in South Africa, see costs of living in South Africa.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Namibia, Botswana, Zimbabwe, Mozambique, Eswatini, Lesotho.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Bank Analyst

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in South Africa

Data as of 2025

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