Financial Advisor Salary in South Africa
R 12,520
per month
per year
R 150,200
per year
per month
Commission
R 4,060/month
Commission
R 48,750/year
Financial Advisor Average Salary
The average salary for a Financial Advisor in SA is R 12 520 gross per month (R 150 200 gross per year), which is 47% lower than the South Africa's national average salary.
Salary Range: a Financial Advisor can expect an average starting salary of R 8 400. The highest salaries can exceed R 29 190.
Salary Range: a Financial Advisor can expect an average starting salary of R 8 400. The highest salaries can exceed R 29 190.
R 8,400
Low
R 12,520
Average salary
R 29,190
High
R 100,800
Low
R 150,200
Average salary
R 350,300
High
Total compensation includes basic salary and commission on every product sold plus incentives and benefits.
R 1,270 R 18,800 R 38,860 | ||
| Basic Salary | R 8,400 - 29,190 | |
| Commission | R 1,270 - 9,670 | |
| Total Compensation | R 9,670 - 38,860 |
R 15,200 R 225,600 R 466,300 | ||
| Basic Salary | R 100,800 - 350,300 | |
| Commission | R 15,200 - 116,000 | |
| Total Compensation | R 116,000 - 466,300 |
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Financial Advisor Salary Range - South Africa
Among Financial Advisors in South Africa, Trainee Financial Advisors or Financial Advisor Assistants tend to have the lowest salaries, while more experienced Personal Financial Advisors or Financial Consultants enjoy the highest salaries.
Financial Advisor - Salary Differences
| Job | Salary | Difference |
|---|---|---|
| Discovery Financial Advisor | R 14,270/month | +14% |
| Personal Financial Advisor | R 13,650/month | +9% |
| Old Mutual Financial Advisor | R 13,150/month | +5% |
| Liberty Financial Advisor | R 12,270/month | -2% |
| Sanlam Financial Advisor | R 11,640/month | -7% |
| Financial Advisor Assistant | R 10,270/month | -18% |
Financial Advisor - Pay by Experience Level
In South Africa, an Entry Level Financial Advisor with less than three years of experience can expect to earn an average compensation of R 120 000 gross per year. An intermediate level Financial Advisor with 4-9 years of experience earns an average base salary of R 150 000, while a Senior Financial Advisor with 10-20 years of experience makes on average R 200 000. Financial Advisors with more than 20 years of experience may earn more than R 250 000 yearly.
How Work Experience Affects the Salary of a Financial Advisor in SA
| Late Career | ▲ +66% |
| Senior | ▲ +33% |
| Average Salary | R 150,200/year |
| Intermediate Level | ▼ -0% |
| Entry Level | ▼ -20% |
Gender Breakdown
Female
34%
34%
Male
66%
66%
Financial Advisor Jobs in South Africa by Location
Financial Advisor - Related Salaries
The salary and wage information presented on this page is based on the actual salaries offered to candidates in Financial Advisor job vacancies published on Jobted South Africa in the last 12 months.
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Frequently asked questions about the salary of the Financial Advisor
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