Average Business Banker Salary in South Africa

R315,752
Avg. Salary
R25,000
Bonus
R40,000
Commission
R30,500
Profit Sharing
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The average salary for a Business Banker in South Africa is R315,752.
10%
R198k
MEDIAN
R316k
90%
R497k
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United States (change)
Salary
R198k - R497k
Bonus
R10k - R71k
Profit Sharing
R0 - R31k
Commission
R0 - R40k
Total Pay
R198k - R538k

Your Market Worth Over Time

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Job Description for Business Banker

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.
Early Career
49.0%
Mid Career
26.9%
Experienced
19.2%
Late Career
4.8%

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