Tech and finance salaries in South Africa in 2018: big vs small companies

Specialist recruitment firm Michael Page has published its latest salary survey, showing the different salaries finance and technology professionals can expect in 2018, working at both SMEs and multi-national groups in SA.

The salary information is based on Michael Page’s extensive recruitment database, which covers more than 1,536 jobs, and over 100,000 candidates.

According to the recruiter, South Africa’s professional labour market has been and continues to be an unpredictable environment, with lingering political uncertainty, and companies expecting a mixed-bag of results.

However, demand for skilled professionals in the workplace remains high, particularly in the financial services sector, in all roles from bankers and accountants to IT and support. The IT sector, meanwhile, is seeing stable demand, the group said.

As per its salary survey for 2018, here are the average salaries professionals in the finance and tech sectors can expect to earn in 2018, split between SMEs and multi-nationals.

The averages represent annual salaries, in thousands of rands (R’000).


Finance and Accounting Small companies Big companies
Function From Average To From Average To
Senior Finance
Group / Regional CFO 2 500 3 000 3 500 3 500 4 750 6 000
Finance Director 1 500 2 250 3 000 2 000 2 750 3 500
Financial Controller 650 725 800 890 945 1 000
Controlling Roles
Credit Manager 550 625 700 700 800 900
Finance Manager 750 825 900 850 1 025 1 200
Senior FP&A Analyst 650 700 750 700 800 900
Finance Analyst / Associate 500 550 600 550 625 700
Financial Accountant CA (SA) 600 650 700 650 700 750
Financial Accountant (Standard) 400 450 500 500 550 600
Audit
Chief Audit Officer 1 750 2 125 2 500
Head of Internal Audit 1 100 1 250 1 400
Audit Manager 850 925 1 000
Senior (Internal) Auditors 700 800 900
(Internal) Auditors 450 550 650
Treasury
Head of Treasury 1 000 1 200 1 400
Treasury Manager 750 925 1 100
Tax
Tax Director 1 800 2 200 2 600
Tax Manager 900 1 250 1 600
Senior (Internal) Auditor 650 750 850

Technology Small companies Big companies
Function From Average To From Average To
Executive / Leadership
Chief Information Officer (CIO) 1 000 1 250 1 500 1 200 1 600 2 000
Chief Technology Officer (CTO) 900 1 100 1 300 1 000 1 400 1 800
Chief Information Security Officer (CISO) 900 1 200 1 300 1 000 1 400 1 800
IT Director 800 1 300 1 400 1 200 1 600 2 000
Head of IT 900 1 400 1 200 1 200 1 600 1 800
IT Manager 750 800 1 000 900 1 200 1 400
IT Security
IT Security Manager 700 800 850 1 000 1 200 1 400
IT Security Engineer 600 750 800 750 850 900
IT Security Analyst 350 400 500 400 350 600
Applications
IT Applications Director 950 1 300 1 300 1 000 1 300 1 600
Business Applications Manager 700 900 900 900 1 100 1 400
Applications Developer 300 1 200 1 200 400 900 1 200
Technical / Functional Consultant 600 1 200 1 200 700 850 1 200
Business Analysis and Project Management
Head of Project Management Officer 900 1 100 1 400 1 200 1 400 2 000
Business Intelligence Manager 500 800 900 1 200 1 400 1 600
IT Business Partner 600 750 900 800 950 1 200
Programme Manager 700 800 900 1 000 1 300 1 600
IT Project Manager 500 650 800 800 950 1 100
Senior IT Business Analyst 500 650 800 500 750 1 100
Business Analyst 300 450 500 300 500 800
BI Analyst 300 450 500 300 600 800
Architecture
Chief Enterprise Architect 900 1 100 1 200 700 1 300 1 800
Senior Information Architect 700 850 950 600 900 1 200
Enterprise Architect 800 950 1 100 200 1 100 1 500
Information Architect 600 700 750 150 750 900
Networking
Network Architect 350 650 750 700 900 1 200
Network Manager 450 550 650 600 800 1 100
Network Engineer 200 350 600 200 350 700
Network Administrator 150 250 480 150 350 500
Data / Database Administration
Data Architect 900 950 1 100 1 100 1 300 1 600
Database Administrator 650 800 950 650 850 900
Database Developer 400 800 890 400 850 950
Data Analytics Manager 650 850 1 000 1 100 1 300 1 500
Data Scientist 650 700 850 650 1 200 1 600
Data Analyst 300 450 600 300 300 750
Technical Services
Technical Support Manager 480 600 700 480 600 700
IT Support Engineer 200 350 450 200 400 500
Application Support Analyst 450 550 750 450 550 750

Read: The top salaries for banking and finance professionals in South Africa in 2018

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Tech and finance salaries in South Africa in 2018: big vs small companies