57 of the highest paying jobs in South Africa – with earnings up to R5 million a year

57 of the highest paying jobs in South Africa – with earnings up to R5 million a year.

Business Tech

SOURCE | BusinessTech


Jobs portal Career Junction has published its monthly employment insights, highlighting the best-paying job sectors in the country.

The group analysed job offers advertised on its platform over the past 12 months to determine which sectors offer the highest salaries.

It found that Executive Management/Director roles in the Business & Management sector paid the most, with a median salary of between R100,000 and R134,167 per month (R1.2 million to R1.6 million a year).

This was followed by the Technical/Business Architecture role in the Information Technology sector, where the median salary worked out to be between R46,500 and R83,333 per month (R560,000 to R1.0 million a year).

The table below outlines the top-paying jobs in the country, based on CareerJunction’s data.

#Job RoleJob SectorMonthly fromTo
1Executive Management / DirectorBusiness & ManagementR100 000R134 167
2Technical / Business ArchitectureInformation TechnologyR46 500R83 333
3IT Project Administration / ManagementInformation TechnologyR50 000R72 000
4Strategy ConsultingBusiness & ManagementR40 000R66 667
5Software DevelopmentInformation TechnologyR40 000R66 667
6Electrical EngineeringArchitecture & EngineeringR40 000R65 833
7Business AnalysisInformation TechnologyR41 667R65 000
8Risk ManagementFinanceR50 000R62 500
9Mechanical EngineeringArchitecture & EngineeringR37 750R60 000
10Data Analysis / Data WarehousingInformation TechnologyR37 500R60 000
11Actuarial Management / AdministrationFinanceR50 000R59 167
12Senior ManagementBusiness & ManagementR45 000R58 333
13Civil / Structural EngineeringArchitecture & EngineeringR38 065R55 000
14Database Design / Development / AdministrationInformation TechnologyR38 065R55 000
15Middle / Department ManagementBusiness & ManagementR41 667R54 167
16Financial AnalysisFinanceR41 667R50 000
17Systems AnalysisInformation TechnologyR36 250R50 000
18Product ManagementMarketingR35 000R50 000
19Business DevelopmentBusiness & ManagementR30 000R48 333
20Internal AuditingFinanceR37 500R45 417

Salary analyses run by professional recruitment and human resource firms, Robert Walters and Michael Page, earlier in 2022 have also highlighted some of the top-paying jobs in the professional sector.

The 2022 Robert Walters Salary Survey showed there are 13 professional positions that draw salaries over R1 million a year, led by Human Resource Directors, pulling a maximum salary of R3.2 million, and chief financial officers, who earn up to R2.6 million on average.

These salaries are typically reported for professionals with in excess of 10+ years of working experience in their respective fields and do not account for bonuses and other rewards and incentives.

#Job RoleJob SectorYearly fromTo
1HR Director/ExecutiveHuman ResourcesR1.8 millionR3.2 million
2Group CFOBanking & FSR2.0 millionR2.6 million
3Group Treasury ManagerAccounting & FinanceR1.8 millionR2.5 million
4CFO/Financial Director (SME)Accounting & FinanceR1.8 millionR2.4 million
5Group Tax ManagerAccounting & FinanceR1.7 million R2.2 million
6CA (SA)Accounting & FinanceR1.6 million R2.2 million
7Private Equity/Corporate FinanceBanking & FSR1.5 millionR2.0 million
8Head of Internal AuditBanking & FSR1.4 millionR2.0 million
9Relationship Manager/BankerBanking & FSR1.3 millionR2.0 million
10Head of Anti-Money LaunderingBanking & FSR1.4 millionR1.8 million
11Strategy ConsultantBanking & FSR1.3 millionR1.8 million
12HR Manager/ Head of HRHuman ResourcesR1.2 millionR1.8 million
13Finance Director (Large Firm)Accounting & FinanceR1.4 millionR1.7 million

Meanwhile, salary insights from Michael Page for 2022 show that experienced professionals at large companies continue to draw some of the highest salaries in the country, listing 24 positions that earn over R2 million a year.

Because the group deals with highly skilled professionals, many of the salaries covered in its report are over the R1 million a year mark – you can view the full list here.

#Job RoleJob SectorYearly fromTo
1Group/Regional CFOFinance & AccountingR3.0 million R5.0 million
2VP of Supply ChainSupply Chain & LogisticsR2.4 millionR3.8 million
3Finance DirectorFinance & AccountingR2.0 millionR3.5 million
4Chief Information OfficerTechnologyR1.6 millionR3.0 million
5Chief Marketing OfficerSales & MarketingR2.0 millionR2.8 million
6General ManagerSales & MarketingR1.8 millionR2.8 million
6VP of ProcurementProcurementR1.8 million R2.8 million
8Supply Chain / Logistics DirectorSupply Chain & LogisticsR1.7 million R2.8 million
9VP of SalesSales & MarketingR2.2 millionR2.7 million
9Group Tax DirectorFinance & AccountingR2.2 millionR2.7 million
11General ManagerSales & MarketingR1.8 millionR2.6 million
12Head of MarketingSales & MarketingR1.8 millionR2.5 million
13Country ManagerSales & MarketingR1.6 millionR2.4 million
13Chief Audit OfficerFinance & AccountingR1.6 millionR2.4 million
15Manufacturing DirectorEngineering & ManufacturingR1.5 millionR2.3 million
16Chief Information Security OfficerTechnologyR1.4 millionR2.4 million
17Procurement DirectorProcurementR1.6 millionR2.2 million
17Tax DirectorFinance & AccountingR1.6 millionR2.2 million
19Chief Technology OfficerTechnologyR1.4 millionR2.2 million
20Project DirectorEngineering & ManufacturingR1.6 millionR2.0 million
20Head of SalesSales & MarketingR1.6 millionR2.0 million
22Chief Enterprise ArchitectTechnologyR1.5 millionR2.0 million
23IT DirectorTechnologyR1.2 millionR2.0 million
24Head of Software DevelopmentTechnologyR1.1 millionR2.0 million

SOURCE | BusinessTech


You may also read: These are the most in-demand job skills in South Africa right now – including top jobs in every province | Youth Opportunities Hub



African Union Commission Scholar || Founder @ Youth Opportunities Hub || Former RBA COST/Sahel Team at UNDP || TEF Alumni ||

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