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Bank Branch Manager Average Salary in Johannesburg 2024

How much money does a person working as Bank Branch Manager make in Johannesburg?

Average Monthly Salary
57,600 ZAR
( 692,000 ZAR yearly)

All salary figures displayed here are per month except when noted otherwise.
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.

A person working as Bank Branch Manager in Johannesburg typically earns around 57,600 ZAR. Salaries range from 31,100 ZAR (lowest) to 87,000 ZAR (highest).

Salary Variance

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

Bank Branch Manager Pay Scale and Salaries in Johannesburg

Median and salary distribution Johannesburg Bank Branch Manager monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
51,300 ZAR or more
10% of people earn
46,000 to 51,300 ZAR
20% of people earn
34,200 ZAR or less
65% of people earn
34,200 to 46,000 ZAR
Minimum Salary
31,100 ZAR
51,500 ZAR
87,000 ZAR

Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Bank Branch Manager in Johannesburg range from 31,100 ZAR (starting salary) to 87,000 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.

  • Median Salary

    With a median salary of 51,500 ZAR, half of the professionals who work as Bank Branch Manager in Johannesburg 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.

  • Percentiles and Salary Scale

    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 Bank Branch Manager in Johannesburg earn less than 43,100 ZAR, while 75% earn more. Similarly, the chart shows that 75% earn less than 58,200 ZAR while 25% earn more.

  • Pay Scale Structure

    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 Bank Branch Manager in Johannesburg compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 34,200 ZAR to 46,000 ZAR. About 20% of salaries are below the 34,200 ZAR mark, while 10% fall within the range of 46,000 ZAR to 51,300 ZAR. Only 5% of individuals have salaries exceeding 51,300 ZAR.

Salary Comparison by Years of Experience / Bank Branch Manager / Johannesburg

How do experience and age affect pay?

0 - 2 Years
36,200 ZAR
2 - 5 Years+26%
45,700 ZAR
5 - 10 Years+32%
60,200 ZAR
10 - 15 Years+18%
70,800 ZAR
15 - 20 Years+11%
78,400 ZAR
20+ Years+6%
83,400 ZAR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Johannesburg Bank Branch Manager
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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 Bank Branch Manager and this is what we found.

All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 36,200 ZAR.

While someone with an experience level between two and five years is expected to earn 45,700 ZAR, 26% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 60,200 ZAR, 32% 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 70,800 ZAR, 18% 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 78,400 ZAR, 11% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 83,400 ZAR, 6% more than people with fifteen to twenty 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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Bank Branch Manager / Johannesburg

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Bank Branch Manager.

Bachelor's Degree
46,800 ZAR
Master's Degree+53%
71,400 ZAR
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Johannesburg Bank Branch Manager
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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 salaries by education level for the position Bank Branch Manager in order to make a comparison.

Level 1: Bachelor's Degree

Employees at this education level have an average salary of 46,800 ZAR.

Level 2: Master's Degree

At this level, the average salary becomes 71,400 ZAR, 53% more than the previous level.

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 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.

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Bank Branch Manager / Johannesburg

Salary comparison by gender South Africa Bank Branch Manager monthly
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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? For the people who work as Bank Branch Manager in South Africa, the average difference between the salary of male and female employees is 8%.

63,200 ZAR
58,500 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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Average Annual Salary Increment Percentage / Bank Branch Manager / Johannesburg

How much are annual salary increments in Johannesburg for individuals working as Bank Branch Manager? How often do employees get salary raises?

Individuals working as Bank Branch 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.

Annual Salary Increment Rate South Africa Bank Branch Manager
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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

Annual Salary Increment Rate South Africa
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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.

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%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

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.

Bonus and Incentive Rates / Bank Branch Manager / South Africa

How much and how often are bonuses being awarded?Annual Salary Bonus Rate South Africa Bank Branch Manager
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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

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.

Average Hourly Wage / Bank Branch Manager / Johannesburg

330 ZAR per hour

The average hourly wage (pay per hour) for individuals working as Bank Branch Manager in Johannesburg is 330 ZAR.This is the rate they get paid for every worked hour.

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

About The Hourly Pay Rate

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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Bank Branch Manager in Johannesburg is 180 ZAR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
AML Analyst52,100 ZAR-10%
Assistant Bank Branch Manager44,800 ZAR-22%
Assistant Bank Manager56,300 ZAR-2%
ATM Manager50,400 ZAR-13%
ATM Service Technician13,300 ZAR-77%
Bank Accounts Analyst18,700 ZAR-68%
Bank Accounts Collector11,800 ZAR-80%
Bank Accounts Controller24,900 ZAR-57%
Bank Accounts Executive35,400 ZAR-39%
Bank Accounts Manager43,500 ZAR-25%
Bank Auditing Manager41,100 ZAR-29%
Bank Branch Manager57,600 ZAR-0%
Bank Branch Operations Coordinator25,300 ZAR-56%
Bank Clerk11,100 ZAR-81%
Bank Client Service Associate16,500 ZAR-71%
Bank Collector12,300 ZAR-79%
Bank Compliance Specialist32,200 ZAR-44%
Bank Manager65,600 ZAR+14%
Bank Operational Risk Manager67,600 ZAR+17%
Bank Operations Head72,900 ZAR+26%
Bank Operations Officer26,800 ZAR-54%
Bank Operations Specialist43,500 ZAR-25%
Bank Process Manager40,400 ZAR-30%
Bank Product Manager 44,500 ZAR-23%
Bank Programme Manager48,900 ZAR-15%
Bank Project Manager55,600 ZAR-4%
Bank Propositions Manager47,400 ZAR-18%
Bank Quantitative Analyst36,000 ZAR-38%
Bank Regional Manager74,900 ZAR+30%
Bank Regional Risk Officer36,300 ZAR-37%
Bank Relationship Manager52,700 ZAR-9%
Bank Relationship Officer24,500 ZAR-57%
Bank Sustainability Analyst41,300 ZAR-28%
Bank Teller11,900 ZAR-79%
Banker25,100 ZAR-56%
Banking Business Analyst36,600 ZAR-36%
Banking Business Development Officer22,800 ZAR-60%
Banking Business Planning Executive53,200 ZAR-8%
Banking Data Analyst40,700 ZAR-29%
Banking Product Manager44,200 ZAR-23%
Banking Reference Data Manager41,100 ZAR-29%
Banking Regulatory Compliance Officer44,200 ZAR-23%
Banking Risk Analyst34,100 ZAR-41%
Banking Technical Analyst18,900 ZAR-67%
Bankruptcy Coordinator24,800 ZAR-57%
Bill and Account Collector12,700 ZAR-78%
Blockchain Analyst29,700 ZAR-48%
Blockchain Architect36,600 ZAR-36%
Blockchain Auditor31,100 ZAR-46%
Blockchain Compliance Analyst34,000 ZAR-41%
Blockchain Consultant34,200 ZAR-41%
Blockchain Trade Facilitator29,400 ZAR-49%
Budget Analyst35,400 ZAR-39%
Capital Risk Manager68,400 ZAR+19%
Cards Marketing Manager44,100 ZAR-23%
Cash Management Manager61,100 ZAR+6%
Check Processing Manager47,900 ZAR-17%
Chief Blockchain Officer40,500 ZAR-30%
Commercial Vault Associate34,100 ZAR-41%
Corporate Banker25,200 ZAR-56%
Corporate Dealer37,600 ZAR-35%
Credit Analyst28,000 ZAR-51%
Credit and Collections Manager46,600 ZAR-19%
Credit Card Fraud Investigator37,800 ZAR-34%
Credit Portfolio Manager64,900 ZAR+13%
Credit Risk Analyst41,700 ZAR-28%
Credit Risk Associate38,500 ZAR-33%
Cryptocurrency Accountant23,200 ZAR-60%
Cryptocurrency Adviser43,100 ZAR-25%
Cryptocurrency Analyst34,200 ZAR-41%
Cryptocurrency Compliance Manager40,800 ZAR-29%
Cryptocurrency Trader38,700 ZAR-33%
Digital Banking Manager50,900 ZAR-12%
Digital Currency Analyst36,900 ZAR-36%
Direct Bank Sales Representative24,900 ZAR-57%
Exchange Control Consultant39,100 ZAR-32%
Executive Account Analyst34,200 ZAR-41%
Financial Bank Planning Consultant46,200 ZAR-20%
Financial Banking Analysis Manager52,500 ZAR-9%
Financial Banking Assistant18,000 ZAR-69%
Financial Banking Systems Manager49,400 ZAR-14%
Foreign Exchange Manager50,700 ZAR-12%
Fraud Analyst39,200 ZAR-32%
Fraud Detection Associate26,600 ZAR-54%
Fraud Detection Manager57,600 ZAR-0%
Fraud Detection Supervisor30,800 ZAR-47%
Internal Bank Audit Manager65,300 ZAR+13%
Internal Bank Auditor33,300 ZAR-42%
Internal Private Banker26,000 ZAR-55%
International Banking Manager74,600 ZAR+29%
Investment Banking Analyst50,700 ZAR-12%
Loan Analyst36,200 ZAR-37%
Loan Area Manager41,900 ZAR-27%
Loan Audit Team Leader39,200 ZAR-32%
Loan Branch Manager41,200 ZAR-29%
Loan Business Development Officer21,300 ZAR-63%
Loan Clerk13,200 ZAR-77%
Loan Collection and Recovery Manager45,300 ZAR-21%
Loan Collection Manager42,800 ZAR-26%
Loan Collector11,900 ZAR-79%
Loan Examiner15,200 ZAR-74%
Loan Officer14,100 ZAR-76%
Loan Processing Manager39,700 ZAR-31%
Loan Processor15,900 ZAR-72%
Loan Quality Assurance Auditor37,800 ZAR-34%
Loan Quality Assurance Manager40,400 ZAR-30%
Loan Quality Assurance Representative25,800 ZAR-55%
Loan Review Manager41,300 ZAR-28%
Loan Team Leader35,300 ZAR-39%
Loans Manager47,000 ZAR-18%
Mortgage Advisor25,800 ZAR-55%
Mortgage Collection Manager41,600 ZAR-28%
Mortgage Collector12,300 ZAR-79%
Mortgage Credit Analyst19,200 ZAR-67%
Mortgage Credit Manager38,700 ZAR-33%
Mortgage Development Manager47,000 ZAR-18%
Mortgage Document Reviewer15,300 ZAR-73%
Mortgage Funding Manager48,200 ZAR-16%
Mortgage Operations Manager63,900 ZAR+11%
Mortgage Payment Processing Clerk13,500 ZAR-77%
Mortgage Processing Manager40,900 ZAR-29%
Mortgage Processor17,000 ZAR-71%
Mortgage Quality Assurance Auditor37,000 ZAR-36%
Mortgage Quality Assurance Manager40,700 ZAR-29%
Mortgage Servicing Clerk12,600 ZAR-78%
Mortgage Servicing Manager38,400 ZAR-33%
Mortgage Underwriter14,600 ZAR-75%
Online Banking Manager60,700 ZAR+5%
Open Banking Strategist38,700 ZAR-33%
Payment Processing Clerk13,100 ZAR-77%
Personal Banker26,200 ZAR-55%
Personal Banking Advisor 25,800 ZAR-55%
Phone Banker17,200 ZAR-70%
Private Banker25,700 ZAR-55%
Reconciliation and Investigation Specialist28,200 ZAR-51%
Tax Officer21,100 ZAR-63%
Teller11,800 ZAR-80%
Trade Officer14,500 ZAR-75%
Trade Product Manager43,900 ZAR-24%
Trader17,600 ZAR-69%
Treasury Operations Officer32,200 ZAR-44%
Wealth Management Advisor53,800 ZAR-7%

Salary Comparison By City

CityAverage Salary
Cape Town63,200 ZAR
Johannesburg57,600 ZAR

Government vs Private Sector Salary Comparison

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
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Bank Branch Manager in Johannesburg?

A good and competitive compensation would range anywhere between 51,500 ZAR and 58,200 ZAR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

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.

Base / Basic Salary

The base salary for a careers like Bank Branch Manager in Johannesburg ranges from 31,100 ZAR to 43,100 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.

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

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

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