▼30%
R471,890
Avg. Base Salary (ZAR)
/ year
Avg. Base Salary (ZAR)
10%
ZAR 342k
MEDIAN
ZAR 472k
90%
ZAR 608k
The average salary for a Private Banker is R471,890 in 2025
Base Salary
R342k - R608k
Bonus
R20k - R98k
Profit Sharing
R0 - R8k
Total Pay
R355k - R625k
Is Average Mid-Career Private Banker with Banking 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
60%
Dental
16%
Vision
16%
None
40%
Gender Breakdown for Private Bankers
Female
50.0%
Male
50.0%
This data is based on 20 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 608k / year
What is the lowest pay for Private Bankers?
Our data indicates that the lowest pay for a Private Banker is ZAR 342k / 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.