One of the most important factors in choosing a career is the paycheck you will receive. Whether as an indigene or someone just moving to another country, it is important that you choose a career that earns you enough income to foot the bills. Before you even make the decision, you will search for the highest-paying jobs in that country. In this post, we have compiled the list of the highest-paying jobs in South Africa if you are looking for a job in South Africa.
South Africa has the third-largest economy in Africa. However, the major problem plaguing the economy like other African countries is the series of crimes and corruption that have eaten deep into the region. Despite the high rate of employment in the country, however, there are several decent jobs in South Africa that pay well.
If we have to present the list in any particular order, the list would be rather too long. To shorten the list and still be comprehensive enough, we have grouped similar jobs together.
If you are thinking of finding a job in South Africa, this post will help you know the highest-paying jobs in that country.
Do you know what the minimum wage in South Africa is? Well, you need to know this so you can really tell what the highest-paying job is. The average monthly salary in South Africa is between 139, 000 ZAR and 7, 880 ZAR (highest to lowest).
To be considered rich in South Africa, you would need to bring in a salary that’s quite a bit higher than the country’s average.
In summary, in South Africa, the highest paying jobs are in the fields of Management, ICT, Engineering, Medicine, etc.
Highest Paying Jobs in South Africa
- Actuarial Scientists
- Software Engineers
- Chartered Accountants
- Management Consultants
- Cyber Security Engineers
- Petroleum Engineers
- Biomedical Engineers
If you are looking at getting a handsomely paying job, then you should consider pursuing an MBBCh degree. Landing a job as a medical in South Africa would not only guarantee you job security but can be sure of going home with a fat pocket every month.
Medical Doctors occupy the number one spot in our list of the highest-paying jobs in South Africa. On average, these professionals earn 1,600,000 ZAR annually. some specialists, however, can earn as high as 3, 800,000 ZAR annually.
It is safe to point inform you at this point that this amount depends on your years of experience. for instance, the entry-level positions for fresh graduates start at around 730, 000 ZAR annually. This amount is still somewhat higher than the average salary in South Africa.
Recommendations: Top 10 Highest Paying Jobs in the UK 2022
Actuarial scientists assess the financial risks in the insurance and financial companies using mathematical and statistical tools. Actuaries are responsible for calculating and managing risk and uncertainty in businesses.
Actuarists are scarce in South Africa and because of that, the demand for these experts is high in the country. It might take up to 9 years to become an actuary. In addition, the highest job vacancies for this job can be found in Johannesburg, Cape Town, Western Cape, and Gauteng.
Professionals at the entry-level scale earn an average of 597000 ZAR per annum. Salary pay increases with the number of years of experience. Experts with five to nine years of experience earn about 920,000 ZAR per annum while those with ten to 19 years of experience can earn about 1 million ZAR per annum.
To become an actuarial scientist, you need a Bachelor of Science degree in Actuarial Science. A Master of Science degree in mathematics and finance also qualifies you for this job.
The average salary for a lawyer/attorney in South Africa, according to Payscale, is 238, 237 ZAR.
Judges earn quite high salaries because of the huge responsibilities associated with their job. Lawyers provide legal advice to individuals, corporations, and the government. Also, they present evidence and make legal cases in court on behalf of their clients. They assist customers in the writing of their wills. Because deciding people’s fate is no mean task, the high wage is perfectly justified.
Like is applicable in every other profession, lawyers’ earnings vary with the number of years of experience and the law firm represents. In South Africa, a good lawyer can get as high as 655,000 ZAR per annum.
Have you ever considered what the world would look like with these experts? Software engineers design, develop, and maintain software codes. They write codes, test and debug application codes, and control and fix bugs. So, without them, there will be no software development companies.
All over the world, software engineers are some of the highest salary earners. In South Africa, they are one of the top paid professionals, although the pay differs from company to company.
A certified software engineer in South Africa earns up to an average of 1.2 million ZAR annually. Some companies from pay as high as 3 million ZAR annually.
Chartered accountants are one of the highest-paid professionals in South Africa. These professionals are specially trained to deal with complex financial matters and thus are able to give the right decision on financial matters.
An average salary for chartered accountants in South Africa is 605, 000 ZAR annually. However, some chartered accountants earn higher than others, depending on the job sector and the number of years of experience.
The most lucrative positions for chartered accountants are in the commercial banking sector, audit and tax, and consulting firms. A more senior chartered accountant can earn as high as 909, 000 ZAR annually.
Management consultants help companies and organizations to solve issues, create value, maximize growth and improve business performance. To achieve this, management consultants bring innovative ways to tackle problems to ensure the growth of the company.
These professionals are one of the highest earners in South Africa. According to Payscale, the average annual salary for management consultants in South Africa is 417, 000 ZAR per annum. However, this pay differs depending on the city and the number of years of experience. For instance, the average salary for these professionals in Johannesburg is 528, 240 ZAR per year.
Cyber Security Engineer
Cyber Security is one of the most lucrative jobs in South Africa. There is a growing number of cybercrimes and this has made cyber security experts most sort after professionals in South Africa.
Companies are willing to spend large sums of money to ensure the security of their technology, so, cyber security professionals cash out big time. The Average pay for a cyber-security specialist in South Africa is 1.5 million ZAR per year.
An entry-level cyber security engineer earns 720,000 ZAR per year on average, rising to 9, 075, 000 ZAR per year for the most experienced workers.
I’m sure you have been wondering whether this lucrative profession will not make the list. Well, here it is. It is one of the most lucrative jobs in South Africa. Petroleum engineers are professionally trained to design and analyze methods of extracting, producing, transporting, and storing oil. Because of the continuous dependence on petroleum products all over the world, these professionals would continue to be relevant for the foreseeable future and in high demand
These professionals earn higher salaries when compared to other professions in South Africa. However, their earnings depend on the number of years of experience.
A petroleum engineer in South Africa earns an average annual salary of 1, 055, 020 ZAR, according to Salary Expert. Entry-level professionals earn around 733, 956 ZAR annually. On the other hand, professionals with more than 8 years of experience earn an average salary of 1, 326, 101 ZAR per annum.
Biomedical engineers are professionals who design new devices and equipment for improving human health. These professionals have great revolutionized medicine and treatment regimes for patients. They can even design software to run medical equipment or computer simulations to test new drugs or to aid diagnosis.
They have been able to develop better and more modern medical machinery as a result of their experience, making intricate surgeries easier to perform. Because of their contributions to the health sector, they are one of the most sort-after professionals not only in South Africa but in the world at large.
A biomedical engineer in South Africa earns an average of 727, 730 ZAR annually. Entry-level professionals with 1-4 years of experience make an average of 515, 228 ZAR per year. A biomedical engineer with more than 8 years of experience earns an average of 910, 982 ZAR per year.
Pharmacists are professionally trained to sell and dispense drugs to patients. They are one of the highest-earning professionals in South Africa. Some people refer to them as chemists (this is, however, a misconception). Pharmacists typically work in hospitals, doctor’s offices, pharmaceutical companies, and the government.
The average salary for pharmacists in South Africa is 600, 000 ZAR per year. Entry-level professional earns around 411, 000 ZAR annually while experienced professionals earn around 800, 000 ZAR per year.