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Corporate Treasurer Average Salary in South Africa 2020

How much money does a Corporate Treasurer make in South Africa?

Average Monthly Salary
42,900 ZAR
( 515,000 ZAR yearly)


A person working as a Corporate Treasurer in South Africa typically earns around 42,900 ZAR per month. Salaries range from 19,700 ZAR (lowest) to 68,300 ZAR (highest).

This is the average monthly salary including housing, transport, and other benefits. Corporate Treasurer salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Corporate Treasurer Salary Distribution in South Africa

Median and salary distribution monthly South Africa Corporate Treasurer
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The median, the maximum, the minimum, and the range

  • Salary Range

    Corporate Treasurer salaries in South Africa range from 19,700 ZAR per month (minimum salary) to 68,300 ZAR per month (maximum salary).

  • Median Salary

    The median salary is 46,400 ZAR per month, which means that half (50%) of people working as Corporate Treasurer(s) are earning less than 46,400 ZAR while the other half are earning more than 46,400 ZAR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Corporate Treasurer(s) are earning less than 29,800 ZAR while 75% of them are earning more than 29,800 ZAR. Also from the diagram, 75% of Corporate Treasurer(s) are earning less than 61,900 ZAR while 25% are earning more than 61,900 ZAR.

What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Corporate Treasurer Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly South Africa Corporate Treasurer
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Corporate Treasurer salaries by experience level and this is what we found.

A Corporate Treasurer with less than two years of experience makes approximately 22,400 ZAR per month.

While someone with an experience level between two and five years is expected to earn 29,900 ZAR per month, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 44,200 ZAR per month, 48% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Corporate Treasurer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 54,000 ZAR per month, 22% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 58,800 ZAR per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 63,700 ZAR per month, 8% more than people with fifteen to twenty years of experience.

Corporate Treasurer average salary change by experience in South Africa

0 - 2 Years
22,400 ZAR
2 - 5 Years+34%
29,900 ZAR
5 - 10 Years+48%
44,200 ZAR
10 - 15 Years+22%
54,000 ZAR
15 - 20 Years+9%
58,800 ZAR
20+ Years+8%
63,700 ZAR
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Corporate Treasurer Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Corporate Treasurer(s) who have the same experience but different education levels.

Salary comparison by education level monthly South Africa Corporate Treasurer
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Corporate Treasurer salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Corporate Treasurer is 27,500 ZAR per month.

While someone with a Certificate or Diploma gets a salary of 32,400 ZAR per month, 18% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 46,900 ZAR per month, 45% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 61,500 ZAR per month, 31% more than someone with Bachelor's Degree.

Corporate Treasurer average salary difference by education level in South Africa

High School
27,500 ZAR
Certificate or Diploma+18%
32,400 ZAR
Bachelor's Degree+45%
46,900 ZAR
Master's Degree+31%
61,500 ZAR
Percentage increase and decrease are relative to the previous value

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in South Africa costs anywhere from 156,000 Rand(s) to 467,000 Rand(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Corporate Treasurer Salary Comparison By Gender

Salary comparison by gender monthly South Africa Corporate Treasurer
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Corporate Treasurer employees in South Africa earn 12% more than their female counterparts on average.

45,300 ZAR
40,500 ZAR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in South Africa for all Careers

Salary comparison by gender monthly South Africa
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Corporate Treasurer Average Annual Salary Increment Percentage in South Africa

How much are annual salary increments in South Africa for Corporate Treasurer(s)? How often do employees get salary raises?

Corporate Treasurer

Corporate Treasurer(s) in South Africa are likely to observe a salary increase of approximately 12% every 18 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.

Annual Salary Increment Rate South Africa Corporate Treasurer
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

South Africa / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in South Africa is 5%.

Annual Increment Rate By Industry 2019

Information Technology

Listed above are the average annual increase rates for each industry in South Africa for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.

Worldwide Salary Raises: All Countries and All Jobs

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Corporate Treasurer Bonus and Incentive Rates in South Africa

How much and how often are bonuses being awarded?Annual Salary Bonus Rate South Africa Corporate Treasurer
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A Corporate Treasurer is considered to be a high bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

16% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 84% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
No Bonus

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.

What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

A graphics designer working for a graphics designing company.

A graphic designer in the marketing department of a hospital.

Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Corporate Treasurer Average Hourly Wage in South Africa

250 ZAR per hour

The average hourly wage (pay per hour) in South Africa is 250 ZAR. This means that the average Corporate Treasurer in South Africa earns approximately 250 ZAR for every worked hour.

Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Corporate Treasurer VS Other Jobs

Salary Comparison Between Corporate Treasurer and Accounting and Finance monthly South Africa
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The average salary for Corporate Treasurer is 34% more than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner16,700 ZAR-61%
Account Executive29,700 ZAR-31%
Accountant23,500 ZAR-45%
Accounting Assistant18,400 ZAR-57%
Accounting Associate16,200 ZAR-62%
Accounting Clerk13,900 ZAR-68%
Accounting Coordinator20,100 ZAR-53%
Accounting Manager46,300 ZAR+8%
Accounting Supervisor31,000 ZAR-28%
Accounting Technician16,000 ZAR-63%
Accounts Executive28,700 ZAR-33%
Accounts Payable and Receivable Specialist23,900 ZAR-44%
Accounts Payable Clerk16,200 ZAR-62%
Accounts Payable Manager43,200 ZAR+1%
Accounts Receivable Clerk16,300 ZAR-62%
Accounts Receivable Manager42,600 ZAR-1%
Assistant Accounting Manager42,500 ZAR-1%
Assistant Auditor23,100 ZAR-46%
Audit Supervisor40,200 ZAR-6%
Auditing Clerk17,300 ZAR-60%
Auditing Manager46,000 ZAR+7%
Billing Coordinator21,600 ZAR-50%
Billing Specialist24,000 ZAR-44%
Billing Supervisor33,900 ZAR-21%
Bookkeeper14,600 ZAR-66%
Bookkeeping Specialist21,800 ZAR-49%
Budget Analyst38,200 ZAR-11%
Budget Manager45,800 ZAR+7%
Business Support Analyst26,000 ZAR-39%
Capital Markets Associate35,000 ZAR-18%
Cash Flow Analyst33,600 ZAR-22%
Cash Management Officer25,600 ZAR-40%
Cashbook Clerk15,400 ZAR-64%
Chartered Accountant28,500 ZAR-34%
Collections Clerk14,700 ZAR-66%
Collections Specialist22,900 ZAR-47%
Corporate Treasurer42,900 ZAR-0%
Cost Accountant22,900 ZAR-47%
Cost Accounting Manager44,600 ZAR+4%
Cost Analyst35,800 ZAR-17%
Credit and Collection Manager44,400 ZAR+3%
Credit and Collection Staff16,700 ZAR-61%
Credit and Loans Officer16,300 ZAR-62%
Credit Controller32,100 ZAR-25%
Debt Adviser36,300 ZAR-15%
Debt Collector17,700 ZAR-59%
Debtors Clerk16,000 ZAR-63%
Deputy CFO61,100 ZAR+42%
Derivative Trader38,600 ZAR-10%
Escrow Assistant20,100 ZAR-53%
External Auditor31,000 ZAR-28%
Finance Associate20,100 ZAR-53%
Finance Executive47,000 ZAR+9%
Finance Licensing Clerk16,400 ZAR-62%
Finance Licensing Manager43,500 ZAR+1%
Finance Licensing Specialist24,700 ZAR-42%
Finance Officer21,800 ZAR-49%
Finance President69,300 ZAR+61%
Finance Relationship Manager54,800 ZAR+28%
Finance Release Analyst25,500 ZAR-41%
Finance Team Leader 50,200 ZAR+17%
Financial Actuary35,600 ZAR-17%
Financial Administrator38,800 ZAR-10%
Financial Analyst39,900 ZAR-7%
Financial Applications Specialist27,600 ZAR-36%
Financial Assistant17,800 ZAR-59%
Financial Associate18,500 ZAR-57%
Financial Claims Analyst30,200 ZAR-30%
Financial Claims Manager39,900 ZAR-7%
Financial Commercial Analyst34,700 ZAR-19%
Financial Compliance Analyst35,500 ZAR-17%
Financial Consultant29,900 ZAR-30%
Financial Controller35,100 ZAR-18%
Financial Coordinator21,100 ZAR-51%
Financial Customer Service Manager41,200 ZAR-4%
Financial Dealer and Broker23,900 ZAR-44%
Financial Encoder18,700 ZAR-56%
Financial Manager61,600 ZAR+43%
Financial Operations Manager59,500 ZAR+39%
Financial Policy Analyst35,500 ZAR-17%
Financial Project Manager46,300 ZAR+8%
Financial Quantitative Analyst39,400 ZAR-8%
Financial Reporting Consultant34,100 ZAR-21%
Financial Reporting Manager43,800 ZAR+2%
Financial Services Sales Agent25,300 ZAR-41%
Fixed Assets Administrator24,300 ZAR-43%
Forensic Accountant27,600 ZAR-36%
Fraud Detection Supervisor27,800 ZAR-35%
Fraud Prevention Manager46,100 ZAR+7%
Fund Accountant21,600 ZAR-50%
Grants Coordinator16,600 ZAR-61%
Internal Auditor29,700 ZAR-31%
Internal Control Adviser35,500 ZAR-17%
Internal Control Officer19,700 ZAR-54%
Inventory Accountant23,700 ZAR-45%
Investment Analyst44,800 ZAR+4%
Investment Fund Manager51,900 ZAR+21%
Investment Underwriter19,800 ZAR-54%
Investor29,700 ZAR-31%
Investor Relations Manager46,300 ZAR+8%
KYC Team Leader46,500 ZAR+8%
Management Economist53,600 ZAR+25%
Paymaster19,400 ZAR-55%
Payroll Clerk19,900 ZAR-54%
Payroll Manager41,800 ZAR-3%
Pensions Administrator24,400 ZAR-43%
Pricing Analyst37,900 ZAR-12%
Private Equity Analyst42,400 ZAR-1%
Proposal Development Coordinator20,500 ZAR-52%
Receivables Accountant21,000 ZAR-51%
Regulatory Accountant24,200 ZAR-44%
Retirement Plan Analyst36,000 ZAR-16%
Revenue Management Specialist37,500 ZAR-13%
Revenue Recognition Analyst43,800 ZAR+2%
Risk Management Director55,200 ZAR+29%
Risk Management Supervisor45,500 ZAR+6%
Tax Accountant21,000 ZAR-51%
Tax Advisor34,200 ZAR-20%
Tax Associate18,900 ZAR-56%
Tax Manager47,000 ZAR+9%
Teller13,700 ZAR-68%
Treasury Accountant24,000 ZAR-44%
Treasury Analyst36,300 ZAR-15%
Underwriter15,800 ZAR-63%
Underwriting Assistant14,800 ZAR-66%
Vice President of Finance61,900 ZAR+44%

Salary Comparison By City

CityAverage Salary
Bloemfontein41,300 ZAR
Cape Town47,000 ZAR
Durban46,200 ZAR
Johannesburg45,700 ZAR
Port Elizabeth42,500 ZAR
Pretoria41,700 ZAR

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in South Africa earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
30,200 ZAR
Public Sector+7%
32,300 ZAR
Percentage increase and decrease are relative to the previous value

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