▼36%
R518,823
Avg. Base Salary (ZAR)
/ year
Avg. Base Salary (ZAR)
10%
ZAR 348k
MEDIAN
ZAR 519k
90%
ZAR 614k
The average salary for a Private Banker is R518,823 in 2025
Base Salary
R348k - R614k
Bonus
R25k - R102k
Profit Sharing
R0 - R80k
Total Pay
R377k - R703k
Is Average Experienced Private Banker 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
65%
Dental
18%
Vision
18%
None
35%
Gender Breakdown for Private Bankers
Female
66.7%
Male
33.3%
This data is based on 18 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 614k / year
What is the lowest pay for Private Bankers?
Our data indicates that the lowest pay for a Private Banker is ZAR 348k / 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.