25 Jul 2023
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Financial analysts who have 15 years of experience in their job, will earn between R36 267 and R70 234 per month. Employees get an hourly wage that ranges from R186 to R360 after working for 15 years. This is made clear in research by Mywage.co.za, conducted in 2023.
Workers in this occupation with 25 years of work experience earn the highest salary: between R36 877 and R80 841 per month. Workers in this occupation who have 15 years of work experience, earn between R186 and R360 per hour.
Most workers are male, based on the survey results. 48% of workers state that they do not have any children. The age group for employees who answered the survey was mostly between 30 and 39 years of age.
Average working week of 41 hours
According to our survey, coverage by collective bargaining among people in this job is set at 1%. 99% are not covered by a collective agreement. On average, people in this job work 41 hours per week.
55% of financial analysts fewer than 5 years of work experience
85% of workers state that they have a permanent contract for the work that they are doing. In most cases, people in this job report that the majority of their coworkers are male. Employees mostly work in organisations consisting of 500 or more people. Since starting their first job, 55% of employees have worked fewer than 5 years. Employees who do not have a permanent contract for the work they are performing, added up to 15% of respondents. Of the participating people in this job, 41% work in a multinational organisation.
The survey shows that 10% of the workers in this occupation feel highly satisfied about their position. In general, most workers are satisfied with their position. This is the case for 45% of the workers.
Wage dissatisfaction high among financial analysts
Of all surveyed workers in this occupation, 29% feel in between satisfied and dissatisfied about their salary. Generally, 32% of the employees report they are highly dissatisfied with their salary.
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