The average salary for a Business Banker in South Africa is R315,752.
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R198k - R497k
R10k - R71k
R0 - R31k
R0 - R40k
R198k - R538k
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Job Description for Business Banker
Business bankers work in a financial institution and manage a business loan portfolio that may include small and/or large organizations. They perform careful analysis of prospective clients' needs and best options, working with the client to determine optimal banking solutions. In addition, business bankers are in charge of communicating with current clients to ensure all needs are being met and questions are answered. Individuals in this position may also need to negotiate and set terms for loa…Read more
Business Banker Tasks
- Analyze banking and loan transactions for new and existing clients with the aim of developing and delivering the best service and largest financial return on investments.
- Actively monitor and manage banking relationships to ensure that client goals and objectives are being met.
- Assess client needs and propose useful solutions that will deliver positive financial results.
- Identify, engage, and welcome new clients/members into the bank family and ensure they understand all that the bank has to offer.
Popular Employer Salaries for Business Banker
The top respondents for the job title Business Banker are from the companies Absa, Bidvest Bank and Nedbank. Reported salaries are highest at Standard Bank where the average pay is R370,000. Other companies that offer high salaries for this role include Bidvest Bank, earning around R318,500. Absa Capital pays the lowest at around R260,806. Nedbank also pays on the lower end of the scale, paying R264,150.
Business Banker Job Listings
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Popular Skills for Business Banker
Skills in Sales, Customer Relationship Management (CRM), Banking and Business Development are correlated to pay that is above average. Skills that pay less than market rate include Financial Analysis.
Pay by Experience Level for Business Banker
An early career Business Banker with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of R308,538 based on 51 salaries. A mid-career Business Banker with 5-9 years of experience earns an average total compensation of R296,842 based on 28 salaries. An experienced Business Banker with 10-19 years of experience earns an average total compensation of R331,652 based on 20 salaries. In their late career (20 years and higher), employees earn an average total compensation of R425,000.
Years of Experience
This data is based on 104 survey responses.
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