▼8%
R448,309
Avg. Base Salary (ZAR)
/ year
Avg. Base Salary (ZAR)
10%
ZAR 300k
MEDIAN
ZAR 448k
90%
ZAR 592k
The average salary for a Private Banker is R448,309 in 2025
Base Salary
R300k - R592k
Bonus
R9k - R103k
Profit Sharing
R0 - R6k
Total Pay
R302k - R652k
Is Average Private Banker with Customer Service Skills Salary in South Africa your job title? Find out what you should be paid
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What is the Pay by Experience Level for Private Bankers?
What Do Private Bankers Do?
Find your market worth – how it works:
Common Health Benefits for a Private Banker
Medical
69%
Dental
8%
Vision
8%
None
31%
Gender Breakdown for Private Bankers
Female
83.3%
Male
16.7%
This data is based on 12 survey responses. Learn more about the gender pay gap.
FAQs About Private Bankers
What is the highest pay for Private Bankers?
Our data indicates that the highest pay for a Private Banker is ZAR 592k / year
What is the lowest pay for Private Bankers?
Our data indicates that the lowest pay for a Private Banker is ZAR 300k / year
How can Private Bankers increase their salary?
Increasing your pay as a Private Banker is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Private Banker that oversees more junior Private Bankers, this experience can increase the likelihood to earn more.