Bank Business Analyst salary in South Africa

Average Yearly Salary of Bank Business Analyst in South Africa is approximately 182,414 ZAR (9,115 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 Business Analyst do?

The occupation of a bank business analyst involves analyzing and evaluating various aspects of the bank's operations to identify areas for improvement and implement strategic solutions. They gather and analyze data, conduct market research, and collaborate with different departments to understand their needs and challenges. Bank business analysts also create and maintain documentation, including business requirements, process flows, and user manuals. They play a crucial role in identifying opportunities for automation and streamlining processes to enhance efficiency and customer satisfaction. Additionally, they may be involved in project management activities, such as planning, coordinating, and monitoring projects related to system upgrades or process improvements.

Skills: Bank, Business Analyst, Data Analysis, Process Improvement, Project Management, Market Research
Job industry: Finance

How much does Bank Business Analyst make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Bank Business Analyst a well paid job?

Yes, our data shows that Bank Business Analyst is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Bank Business Analyst?

High salary for Bank Business Analyst would be somewhere between 200,655 ZAR and 264,500 ZAR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Bank Business 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: 182,414 ZAR
Estimated Monthly Salary: 15,201 ZAR
Estimated Weekly Salary: 3,508 ZAR per week
Estimated Hourly Salary: 88 ZAR per hour
By working as Bank Business Analyst a person can save up to 488 USD per month or 5,861 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 Business 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.

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Data as of 2025

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