The average salary for a Financial Advisor in South Africa is R163,145.
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R12k - R484k
R3k - R96k
R493 - R152k
R10k - R805k
R55k - R558k
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Job Description for Financial Advisor
Financial advisors work primarily for financial institutions such as banks, mutual fund companies, and insurance companies. Generally, they work with individuals or institutional clients to assess their financial needs and help them achieve financial goals, such as choosing investments (money market, real estate investments, stocks and bonds), and they also explain tax laws relevant to certain investments and help with insurance decisions. Financial advisors help clients plan for both short-ter…Read more
Financial Advisor Tasks
- Interview clients and gather information to determine strategies for financial investments.
- Prospect and maintain clientele.
- Recommend and sell financial plans and products that will help meet financial goals.
Popular Employer Salaries for Financial Advisor
The top respondents for the job title Financial Advisor are from the companies Old Mutual South Africa, Liberty Group LLC and Sanlam. Reported salaries are highest at Absa where the average pay is R277,477. Other companies that offer high salaries for this role include Liberty Group LLC and Sanlam, earning around R160,000 and R151,195, respectively. Metropolitan Life Insurance Company (MetLife) pays the lowest at around R65,000. Old Mutual PLC and Old Mutual South Africa also pay on the lower end of the scale, paying R110,962 and R122,084, respectively.
Financial Advisor Job Listings
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Popular Skills for Financial Advisor
Skills in Financial Advisor, Investment Planning and Financial Analysis are correlated to pay that is above average. Skills that pay less than market rate include Client Interaction and Sales.
Pay by Experience Level for Financial Advisor
An entry-level Financial Advisor with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of R119,773 based on 92 salaries. An early career Financial Advisor with 1-4 years of experience earns an average total compensation of R149,714 based on 356 salaries. A mid-career Financial Advisor with 5-9 years of experience earns an average total compensation of R190,000 based on 107 salaries. An experienced Financial Advisor with 10-19 years of experience earns an average total compensation of R300,000 based on 61 salaries. In their late career (20 years and higher), employees earn an average total compensation of R734,694.
Years of Experience
This data is based on 632 survey responses.