A person working as a Corporate Treasurer in South Africa typically earns around 55,700 ZAR per month. Salaries range from 25,600 ZAR (lowest) to 88,500 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 salaries in South Africa range from 25,600 ZAR per month (minimum salary) to 88,500 ZAR per month (maximum salary).
The median salary is 60,100 ZAR per month, which means that half (50%) of people working as Corporate Treasurer(s) are earning less than 60,100 ZAR while the other half are earning more than 60,100 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.
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 38,600 ZAR while 75% of them are earning more than 38,600 ZAR. Also from the diagram, 75% of Corporate Treasurer(s) are earning less than 80,200 ZAR while 25% are earning more than 80,200 ZAR.
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
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 29,100 ZAR per month.
While someone with an experience level between two and five years is expected to earn 38,800 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 57,400 ZAR per month, 48% more than someone with two to five years of experience.
Additionally, Corporate Treasurer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 69,900 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 76,200 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 82,500 ZAR per month, 8% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+48%|
|10 - 15 Years||+22%|
|15 - 20 Years||+9%|
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 35,700 ZAR per month.
While someone with a Certificate or Diploma gets a salary of 42,000 ZAR per month, 18% more than someone having a High School degree.
A Bachelor's Degree gets its holder an average salary of 60,800 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 79,700 ZAR per month, 31% more than someone with Bachelor's Degree.
|Certificate or Diploma||+18%|
A Master's degree program or any post-graduate program in South Africa costs anywhere from 157,000 Rand(s) to 471,000 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.
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 17% more than their female counterparts.
Corporate Treasurer(s) in South Africa are likely to observe a salary increase of approximately 12% every 19 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.
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.
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
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.
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.
15% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 85% 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.
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.
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.
The main two types of jobs
|Revenue Generators||Supporting 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.
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.
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.
Where can you get paid more, working for a private company or for the government? Public sector Corporate Treasurer employees in South Africa earn 7% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+4%|
|Average Salary 2019||+4%|
Corporate Treasurer salaries in South Africa are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 4% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.
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.
The average salary for Corporate Treasurer is 83% more than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% less than those of All Jobs.
|Job Title||Average Salary|
|Account Examiner||19,500 ZAR||-65%|
|Account Executive||31,400 ZAR||-44%|
|Accounting Assistant||22,100 ZAR||-60%|
|Accounting Associate||21,400 ZAR||-62%|
|Accounting Clerk||16,200 ZAR||-71%|
|Accounting Coordinator||17,500 ZAR||-69%|
|Accounting Manager||40,500 ZAR||-27%|
|Accounting Supervisor||29,800 ZAR||-46%|
|Accounting Technician||19,800 ZAR||-64%|
|Accounts Executive||27,100 ZAR||-51%|
|Accounts Payable and Receivable Specialist||26,100 ZAR||-53%|
|Accounts Payable Clerk||15,900 ZAR||-71%|
|Accounts Payable Manager||32,100 ZAR||-42%|
|Accounts Receivable Clerk||17,000 ZAR||-69%|
|Accounts Receivable Manager||34,100 ZAR||-39%|
|Assistant Accounting Manager||27,400 ZAR||-51%|
|Assistant Auditor||24,100 ZAR||-57%|
|Audit Supervisor||40,900 ZAR||-27%|
|Auditing Clerk||20,700 ZAR||-63%|
|Auditing Manager||43,100 ZAR||-23%|
|Billing Coordinator||27,200 ZAR||-51%|
|Billing Specialist||24,800 ZAR||-55%|
|Billing Supervisor||29,800 ZAR||-46%|
|Bookkeeping Specialist||22,600 ZAR||-59%|
|Budget Analyst||25,600 ZAR||-54%|
|Budget Manager||37,400 ZAR||-33%|
|Business Support Analyst||29,500 ZAR||-47%|
|Capital Markets Associate||34,100 ZAR||-39%|
|Cash Flow Analyst||31,500 ZAR||-43%|
|Cash Management Officer||29,600 ZAR||-47%|
|Cashbook Clerk||20,000 ZAR||-64%|
|Chartered Accountant||27,300 ZAR||-51%|
|Collections Clerk||17,300 ZAR||-69%|
|Collections Specialist||21,100 ZAR||-62%|
|Corporate Treasurer||55,700 ZAR||+0%|
|Cost Accountant||26,100 ZAR||-53%|
|Cost Accounting Manager||33,800 ZAR||-39%|
|Cost Analyst||31,900 ZAR||-43%|
|Credit and Collection Manager||36,200 ZAR||-35%|
|Credit and Collection Staff||17,400 ZAR||-69%|
|Credit and Loans Officer||17,900 ZAR||-68%|
|Credit Controller||31,300 ZAR||-44%|
|Debt Adviser||38,000 ZAR||-32%|
|Debt Collector||26,800 ZAR||-52%|
|Debtors Clerk||23,800 ZAR||-57%|
|Deputy CFO||54,500 ZAR||-2%|
|Derivative Trader||44,100 ZAR||-21%|
|Escrow Assistant||25,600 ZAR||-54%|
|External Auditor||31,700 ZAR||-43%|
|Finance Associate||24,900 ZAR||-55%|
|Finance Executive||50,900 ZAR||-9%|
|Finance Licensing Clerk||20,100 ZAR||-64%|
|Finance Licensing Manager||32,300 ZAR||-42%|
|Finance Licensing Specialist||25,400 ZAR||-54%|
|Finance Officer||36,300 ZAR||-35%|
|Finance President||66,500 ZAR||+19%|
|Finance Relationship Manager||46,100 ZAR||-17%|
|Finance Release Analyst||29,100 ZAR||-48%|
|Finance Team Leader||33,900 ZAR||-39%|
|Financial Actuary||32,500 ZAR||-42%|
|Financial Administrator||28,200 ZAR||-49%|
|Financial Analyst||32,500 ZAR||-42%|
|Financial Applications Specialist||21,000 ZAR||-62%|
|Financial Assistant||19,100 ZAR||-66%|
|Financial Associate||23,900 ZAR||-57%|
|Financial Claims Analyst||29,700 ZAR||-47%|
|Financial Claims Manager||33,700 ZAR||-39%|
|Financial Commercial Analyst||29,400 ZAR||-47%|
|Financial Compliance Analyst||31,600 ZAR||-43%|
|Financial Consultant||29,700 ZAR||-47%|
|Financial Controller||29,300 ZAR||-47%|
|Financial Coordinator||27,600 ZAR||-50%|
|Financial Customer Service Manager||38,000 ZAR||-32%|
|Financial Dealer and Broker||27,700 ZAR||-50%|
|Financial Encoder||17,500 ZAR||-69%|
|Financial Manager||62,200 ZAR||+12%|
|Financial Operations Manager||47,100 ZAR||-15%|
|Financial Policy Analyst||32,000 ZAR||-43%|
|Financial Project Manager||30,200 ZAR||-46%|
|Financial Quantitative Analyst||35,300 ZAR||-37%|
|Financial Reporting Consultant||32,600 ZAR||-41%|
|Financial Reporting Manager||38,900 ZAR||-30%|
|Financial Services Sales Agent||29,200 ZAR||-48%|
|Fixed Assets Administrator||26,500 ZAR||-52%|
|Forensic Accountant||26,000 ZAR||-53%|
|Fraud Detection Supervisor||29,600 ZAR||-47%|
|Fraud Prevention Manager||45,200 ZAR||-19%|
|Fund Accountant||23,200 ZAR||-58%|
|Grants Coordinator||20,200 ZAR||-64%|
|Internal Auditor||32,200 ZAR||-42%|
|Internal Control Adviser||33,200 ZAR||-40%|
|Internal Control Officer||28,000 ZAR||-50%|
|Inventory Accountant||50,400 ZAR||-9%|
|Investment Analyst||41,000 ZAR||-26%|
|Investment Fund Manager||44,100 ZAR||-21%|
|Investment Underwriter||19,800 ZAR||-64%|
|Investor Relations Manager||40,600 ZAR||-27%|
|KYC Team Leader||40,500 ZAR||-27%|
|Management Economist||36,100 ZAR||-35%|
|Payroll Clerk||19,000 ZAR||-66%|
|Payroll Manager||32,400 ZAR||-42%|
|Pensions Administrator||25,200 ZAR||-55%|
|Pricing Analyst||35,200 ZAR||-37%|
|Private Equity Analyst||37,300 ZAR||-33%|
|Proposal Development Coordinator||24,800 ZAR||-55%|
|Receivables Accountant||21,300 ZAR||-62%|
|Regulatory Accountant||24,200 ZAR||-57%|
|Retirement Plan Analyst||32,400 ZAR||-42%|
|Revenue Management Specialist||27,200 ZAR||-51%|
|Revenue Recognition Analyst||42,800 ZAR||-23%|
|Risk Management Director||50,900 ZAR||-9%|
|Risk Management Supervisor||39,100 ZAR||-30%|
|Tax Accountant||22,400 ZAR||-60%|
|Tax Advisor||30,800 ZAR||-45%|
|Tax Associate||24,000 ZAR||-57%|
|Tax Manager||46,900 ZAR||-16%|
|Treasury Accountant||24,700 ZAR||-56%|
|Treasury Analyst||32,600 ZAR||-41%|
|Underwriting Assistant||17,100 ZAR||-69%|
|Vice President of Finance||45,600 ZAR||-18%|
|Cape Town||60,900 ZAR|
|Port Elizabeth||55,000 ZAR|