Average Financial Manager Salary in South Africa

R542,713
Avg. SalaryShow Hourly Rate
R41,727
Bonus
R67,500
Commission
R42,907
Profit Sharing
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The average salary for a Financial Manager in South Africa is R542,713.
10%
R292k
10%
R543k
50%
R884k
90%
90%
MEDIAN R542,713
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United States (change)
Salary
R292k - R884k
Bonus
R10k - R137k
Profit Sharing
R10k - R146k
Commission
R31k - R121k
Total Pay
R298k - R968k

Your Market Worth Over Time

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Job Description for Financial Manager

Financial Manager Tasks
  • Prepare and submit budget and resource reports and statements, with an eye towards compliance.
  • Perform ad hoc, non-routine financial analysis as needed.
  • Manage client accounts and act as the subject matter expert for budgetary decisions.
  • Refine and implement monthly, quarterly, and annual reports for designated groups.

Popular Employer Salaries for Financial Manager

The top respondents for the job title Financial Manager are from the companies FNB, Broll Property Group and Standard Bank. Reported salaries are highest at Medscheme where the average pay is R852,738. Other companies that offer high salaries for this role include FNB, earning around R631,913. Broll Property Group pays the lowest at around R600,000. Standard Bank also pays on the lower end of the scale, paying R607,500.

Career Paths

Explore the most common career paths for Financial Manager. Thickness and color of lines indicates how common a path is.
Financial Manager
Financial Director
Finance Manager
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Financial Manager Job Listings

Popular Skills for Financial Manager

Skills in Financial Reporting, Financial Analysis, Senior Financial Management and Budget Management are correlated to pay that is above average. Skills that pay less than market rate include Accounting.

Pay by Experience Level for Financial Manager

An entry-level Financial Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of R385,719 based on 147 salaries. An early career Financial Manager with 1-4 years of experience earns an average total compensation of R490,353 based on 562 salaries. A mid-career Financial Manager with 5-9 years of experience earns an average total compensation of R583,041 based on 542 salaries. An experienced Financial Manager with 10-19 years of experience earns an average total compensation of R609,542 based on 424 salaries. In their late career (20 years and higher), employees earn an average total compensation of R623,113.

Years of Experience

This data is based on 1,814 survey responses.
Entry Level
8.1%
Early Career
31.0%
Mid Career
29.9%
Experienced
23.4%
Late Career
7.7%

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