Banker 1 salary in South Africa

Average Yearly Salary of Banker 1 in South Africa is approximately 78,181 ZAR (3,907 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 Banker 1 do?

A banker is a professional who works in the financial industry, primarily in banks and other financial institutions. They are responsible for providing a wide range of financial services to individuals, businesses, and organizations. Bankers play a crucial role in managing deposits, loans, and investments, and they assist clients in achieving their financial goals. They analyze financial data, assess risks, and make informed decisions regarding loans and investments. Bankers also provide advice on financial planning, wealth management, and investment strategies. They handle transactions, open and close accounts, and ensure compliance with banking regulations and policies. Effective communication, strong analytical skills, attention to detail, and customer service orientation are essential qualities for success in this occupation.

Skills: Financial services, Banking industry, Investments, Risk assessment, Financial planning, Customer service.
Job industry: Finance

How much does Banker 1 make?

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


Want to check how your salary compares? Submit your own salary here

Salary comparison to National average

Is Banker 1 a well paid job?

No, our data shows that Banker 1 is typically not a well-paid job. The salary varies based on experience. Meaning that even though Banker 1 might be a low paying job, with experience the salary might increase to satisfactory levels.

What is considered a high salary for Banker 1?

High salary for Banker 1 would be somewhere between 85,999 ZAR and 113,362 ZAR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Banker 1 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: 78,181 ZAR
Estimated Monthly Salary: 6,515 ZAR
Estimated Weekly Salary: 1,503 ZAR per week
Estimated Hourly Salary: 38 ZAR per hour
By working as Banker 1 a person can save up to 54 USD per month or 653 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 Banker 1

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

Random salary:
Academic director (178,465 ZAR per year, pre-tax.)
It application development manager (307,801 ZAR per year, pre-tax.)
Quality control manager construction (222,731 ZAR per year, pre-tax.)
Acupuncture physician (185,359 ZAR per year, pre-tax.)
Ticket agent (75,380 ZAR per year, pre-tax.)

Feedback about these results