A person working as ATM Manager in Cape Town typically earns around 50,300 ZAR. Salaries range from 24,700 ZAR (lowest) to 78,500 ZAR (highest).
This is the average salary including housing, transport, and other benefits. ATM Manager salaries in Cape Town vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Minimum Salary 24,700 ZAR |
Median 46,900 ZAR |
Maximum 78,500 ZAR |
Salaries for the position ATM Manager in Cape Town range from 24,700 ZAR (starting salary) to 78,500 ZAR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
With a median salary of 46,900 ZAR, half of the professionals who work as ATM Manager in Cape Town earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as ATM Manager in Cape Town earn less than 38,400 ZAR, while 75% earn more. Similarly, the chart shows that 75% earn less than 53,700 ZAR while 25% earn more.
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title ATM Manager in Cape Town compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 29,300 ZAR to 41,200 ZAR. About 20% of salaries are below the 29,300 ZAR mark, while 10% fall within the range of 41,200 ZAR to 46,700 ZAR. Only 5% of individuals have salaries exceeding 46,700 ZAR.
0 - 2 Years | 29,200 ZAR | |
2 - 5 Years | +29% | 37,600 ZAR |
5 - 10 Years | +38% | 51,800 ZAR |
10 - 15 Years | +24% | 64,200 ZAR |
15 - 20 Years | +7% | 68,800 ZAR |
20+ Years | +7% | 73,400 ZAR |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as ATM Manager and this is what we found.
Employees with less than two years of experience earn approximately 29,200 ZAR.
While someone with an experience level between two and five years is expected to earn 37,600 ZAR, 29% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 51,800 ZAR, 38% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 64,200 ZAR, 24% 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 68,800 ZAR, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 73,400 ZAR, 7% more than people with fifteen to twenty years of experience.
Certificate or Diploma | 37,600 ZAR | |
Bachelor's Degree | +34% | 50,500 ZAR |
Master's Degree | +53% | 77,400 ZAR |
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 salaries by education level for the position ATM Manager in order to make a comparison.
Employees at this education level have an average salary of 37,600 ZAR.
At this level, the average salary becomes 50,500 ZAR, 34% more than the previous level.
At this level, the average salary becomes 77,400 ZAR, 53% more than the previous level.
A Master's degree program or any post-graduate program in South Africa costs anywhere from 156,000 ZAR to 469,000 ZAR 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 to a higher-paying job. The numbers seem to support the theory. 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? For the people who work as ATM Manager in South Africa, the average difference between the salary of male and female employees is 8%.
Male | 52,000 ZAR | |
Female | -7% | 48,200 ZAR |
Individuals working as ATM Manager in South Africa are likely to observe a salary increase of approximately % every 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 rare 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
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
Received Bonus | % | |
No Bonus | 100% |
The most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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. |
Example: | Example: |
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.
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 fixed 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 minimum pay rate per hour for people working as ATM Manager in Cape Town is 140 ZAR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Job Title | Average Salary |
Banking | -100% | |
AML Analyst | 57,700 ZAR | +15% |
Assistant Bank Branch Manager | 49,000 ZAR | -3% |
Assistant Bank Manager | 62,300 ZAR | +24% |
ATM Manager | 50,300 ZAR | -0% |
ATM Service Technician | 14,700 ZAR | -71% |
Bank Accounts Analyst | 21,300 ZAR | -58% |
Bank Accounts Collector | 12,200 ZAR | -76% |
Bank Accounts Controller | 27,700 ZAR | -45% |
Bank Accounts Executive | 39,400 ZAR | -22% |
Bank Accounts Manager | 48,200 ZAR | -4% |
Bank Auditing Manager | 45,200 ZAR | -10% |
Bank Branch Manager | 63,200 ZAR | +26% |
Bank Branch Operations Coordinator | 28,100 ZAR | -44% |
Bank Clerk | 12,000 ZAR | -76% |
Bank Client Service Associate | 17,000 ZAR | -66% |
Bank Collector | 12,300 ZAR | -76% |
Bank Compliance Specialist | 34,800 ZAR | -31% |
Bank Manager | 76,100 ZAR | +51% |
Bank Operational Risk Manager | 72,000 ZAR | +43% |
Bank Operations Head | 76,800 ZAR | +53% |
Bank Operations Officer | 30,600 ZAR | -39% |
Bank Operations Specialist | 45,500 ZAR | -10% |
Bank Process Manager | 43,600 ZAR | -13% |
Bank Product Manager | 46,700 ZAR | -7% |
Bank Programme Manager | 53,400 ZAR | +6% |
Bank Project Manager | 57,500 ZAR | +14% |
Bank Propositions Manager | 52,900 ZAR | +5% |
Bank Quantitative Analyst | 37,000 ZAR | -26% |
Bank Regional Manager | 77,800 ZAR | +55% |
Bank Regional Risk Officer | 39,100 ZAR | -22% |
Bank Relationship Manager | 54,500 ZAR | +8% |
Bank Relationship Officer | 25,800 ZAR | -49% |
Bank Sustainability Analyst | 43,700 ZAR | -13% |
Bank Teller | 12,900 ZAR | -74% |
Banker | 26,500 ZAR | -47% |
Banking Business Analyst | 39,900 ZAR | -21% |
Banking Business Development Officer | 24,800 ZAR | -51% |
Banking Business Planning Executive | 56,800 ZAR | +13% |
Banking Data Analyst | 47,400 ZAR | -6% |
Banking Product Manager | 47,100 ZAR | -6% |
Banking Reference Data Manager | 41,100 ZAR | -18% |
Banking Regulatory Compliance Officer | 46,600 ZAR | -7% |
Banking Risk Analyst | 40,500 ZAR | -20% |
Banking Technical Analyst | 20,900 ZAR | -58% |
Bankruptcy Coordinator | 28,600 ZAR | -43% |
Bill and Account Collector | 14,400 ZAR | -71% |
Blockchain Analyst | 33,500 ZAR | -33% |
Blockchain Architect | 37,200 ZAR | -26% |
Blockchain Auditor | 34,900 ZAR | -31% |
Blockchain Compliance Analyst | 34,500 ZAR | -31% |
Blockchain Consultant | 38,200 ZAR | -24% |
Blockchain Trade Facilitator | 32,500 ZAR | -35% |
Budget Analyst | 38,600 ZAR | -23% |
Capital Risk Manager | 70,800 ZAR | +41% |
Cards Marketing Manager | 50,200 ZAR | -0% |
Cash Management Manager | 66,300 ZAR | +32% |
Check Processing Manager | 51,800 ZAR | +3% |
Chief Blockchain Officer | 41,900 ZAR | -17% |
Commercial Vault Associate | 39,400 ZAR | -22% |
Corporate Banker | 27,300 ZAR | -46% |
Corporate Dealer | 39,800 ZAR | -21% |
Credit Analyst | 30,100 ZAR | -40% |
Credit and Collections Manager | 55,300 ZAR | +10% |
Credit Card Fraud Investigator | 40,600 ZAR | -19% |
Credit Portfolio Manager | 75,900 ZAR | +51% |
Credit Risk Analyst | 45,600 ZAR | -9% |
Credit Risk Associate | 41,400 ZAR | -18% |
Cryptocurrency Accountant | 24,200 ZAR | -52% |
Cryptocurrency Adviser | 49,800 ZAR | -1% |
Cryptocurrency Analyst | 35,700 ZAR | -29% |
Cryptocurrency Compliance Manager | 46,800 ZAR | -7% |
Cryptocurrency Trader | 40,200 ZAR | -20% |
Digital Banking Manager | 54,100 ZAR | +8% |
Digital Currency Analyst | 38,800 ZAR | -23% |
Direct Bank Sales Representative | 26,600 ZAR | -47% |
Exchange Control Consultant | 40,800 ZAR | -19% |
Executive Account Analyst | 38,500 ZAR | -23% |
Financial Bank Planning Consultant | 49,700 ZAR | -1% |
Financial Banking Analysis Manager | 55,900 ZAR | +11% |
Financial Banking Assistant | 19,200 ZAR | -62% |
Financial Banking Systems Manager | 52,400 ZAR | +4% |
Foreign Exchange Manager | 59,300 ZAR | +18% |
Fraud Analyst | 41,400 ZAR | -18% |
Fraud Detection Associate | 28,100 ZAR | -44% |
Fraud Detection Manager | 60,000 ZAR | +19% |
Fraud Detection Supervisor | 35,900 ZAR | -29% |
Internal Bank Audit Manager | 68,500 ZAR | +36% |
Internal Bank Auditor | 38,600 ZAR | -23% |
Internal Private Banker | 29,000 ZAR | -42% |
International Banking Manager | 78,000 ZAR | +55% |
Investment Banking Analyst | 54,200 ZAR | +8% |
Loan Analyst | 38,800 ZAR | -23% |
Loan Area Manager | 49,700 ZAR | -1% |
Loan Audit Team Leader | 46,500 ZAR | -8% |
Loan Branch Manager | 44,100 ZAR | -12% |
Loan Business Development Officer | 22,800 ZAR | -55% |
Loan Clerk | 14,100 ZAR | -72% |
Loan Collection and Recovery Manager | 48,200 ZAR | -4% |
Loan Collection Manager | 45,600 ZAR | -9% |
Loan Collector | 12,600 ZAR | -75% |
Loan Examiner | 17,700 ZAR | -65% |
Loan Officer | 14,700 ZAR | -71% |
Loan Processing Manager | 41,900 ZAR | -17% |
Loan Processor | 18,500 ZAR | -63% |
Loan Quality Assurance Auditor | 39,800 ZAR | -21% |
Loan Quality Assurance Manager | 42,400 ZAR | -16% |
Loan Quality Assurance Representative | 29,900 ZAR | -41% |
Loan Review Manager | 43,200 ZAR | -14% |
Loan Team Leader | 40,800 ZAR | -19% |
Loans Manager | 53,500 ZAR | +6% |
Mortgage Advisor | 26,800 ZAR | -47% |
Mortgage Collection Manager | 47,800 ZAR | -5% |
Mortgage Collector | 12,800 ZAR | -75% |
Mortgage Credit Analyst | 19,900 ZAR | -60% |
Mortgage Credit Manager | 44,200 ZAR | -12% |
Mortgage Development Manager | 48,500 ZAR | -4% |
Mortgage Document Reviewer | 17,500 ZAR | -65% |
Mortgage Funding Manager | 49,600 ZAR | -1% |
Mortgage Operations Manager | 64,900 ZAR | +29% |
Mortgage Payment Processing Clerk | 15,200 ZAR | -70% |
Mortgage Processing Manager | 46,400 ZAR | -8% |
Mortgage Processor | 17,400 ZAR | -65% |
Mortgage Quality Assurance Auditor | 37,500 ZAR | -25% |
Mortgage Quality Assurance Manager | 45,500 ZAR | -10% |
Mortgage Servicing Clerk | 14,200 ZAR | -72% |
Mortgage Servicing Manager | 43,300 ZAR | -14% |
Mortgage Underwriter | 16,300 ZAR | -68% |
Online Banking Manager | 70,100 ZAR | +39% |
Open Banking Strategist | 40,800 ZAR | -19% |
Payment Processing Clerk | 13,700 ZAR | -73% |
Personal Banker | 29,600 ZAR | -41% |
Personal Banking Advisor | 27,600 ZAR | -45% |
Phone Banker | 18,100 ZAR | -64% |
Private Banker | 29,500 ZAR | -41% |
Reconciliation and Investigation Specialist | 31,500 ZAR | -37% |
Tax Officer | 24,000 ZAR | -52% |
Teller | 13,500 ZAR | -73% |
Trade Officer | 16,200 ZAR | -68% |
Trade Product Manager | 44,500 ZAR | -12% |
Trader | 19,700 ZAR | -61% |
Treasury Operations Officer | 35,000 ZAR | -30% |
Wealth Management Advisor | 54,700 ZAR | +9% |
City | Average Salary |
Cape Town | 50,300 ZAR |
Johannesburg | 50,400 ZAR |
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in South Africa is 7% on average across all career fields.
Private Sector | 30,400 ZAR | |
Public Sector | +7% | 32,400 ZAR |
A good and competitive compensation would range anywhere between 46,900 ZAR and 53,700 ZAR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
The base salary for a careers like ATM Manager in Cape Town ranges from 24,700 ZAR to 38,400 ZAR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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