Africa’s economic powerhouse, South Africa, features a wide variety of industries that provide high-paying employment opportunities.
Let’s have a look at the top ten highest-paying occupations South Africa has to offer.
Specialised doctors are medical doctors who have specialised in a specific medical field.
In South Africa, specialist doctors receive the highest salaries for any occupation. These physicians are experts in their profession and have undergone extensive training in a particular field of medicine.
They may work in private practices or public hospitals and are in charge of identifying and managing complex medical issues.
Paediatricians, Cardiologists, and Dermatologists are all examples of specialised doctors. Depending on the level of experience, area, and field of specialisation, these doctors can earn up to R1.5 million per year.
Highest Paying Jobs in South Africa
IT managers ensure that all company technology systems are running smoothly.
As an IT manager, you should be comfortable working under extreme pressure. Daily responsibilities include setting up, managing, and debugging the total technological systems that a business uses to maintain the efficiency of its hardware, software, and networks.
Large companies expect these systems to run smoothly and when it doesn’t, day or night, you are responsible for finding and solving the problem.
Furthermore, the organization’s technological infrastructure must be planned, implemented, and maintained by IT management. They manage a group of IT specialists and see to it that the organization’s technical requirements are satisfied.
IT managers at large organisations can earn up to R1.2 million per year. However, the average salary per annum is around R500,000.
Petroleum engineers. Petroleum engineers find crude oil and natural gas underneath the Earth’s surface.
These engineers assess whether the time and money spent on collecting the product will be worthwhile. They then determine the most economical method of obtaining the resources once it has been decided to proceed with drilling.
Since petroleum engineers are engaged in almost every stage of manufacturing, from locating oil or natural gas to refining and distributing it, they frequently have to go to foreign nations and stay there for some time.
Even though petroleum engineers work away from home, they are generously compensated for the work they do. These engineers can earn up to R1.1 million yearly in South Africa.
Lawyers. As with many professions, the experience level directly contributes to the salary one can expect.
To both individuals and organizations, lawyers offer legal counsel and representation. They are in charge of understanding the law and ensuring that their client’s rights are upheld.
According to Briefly, the average salary for a lawyer in South Africa is R237,511 annually.
However, lawyers with many years of experience who work at large firms can reach the point of seeing a paycheck of R80,000 per month, or around R950,000 per year.
Investment bankers are highly qualified individuals who assess a company’s financial standing, capital requirements, and objectives.
An investment banker must be able to examine financial data in great depth and be detail-oriented. To anticipate the most effective way to secure funding for a company and to predict risk and reward to possible investors, they must have excellent statistical analysis skills.
High-level investment bankers are reported to earn up to R850,000 per year. Whereas, at entry-level, these bankers earn an average yearly salary of R294,000.
Management consultant. These managers have a unique and high-value set of skills.
Organizations receive counsel and direction from management consultants on how to operate better. They support businesses in creating strategies, enhancing productivity, and cutting costs.
Management consultants in South Africa have an average base pay of R571,609 per year. With more experience, however, these managers can expect around R750,000 annually.
Actuaries, with the help of mathematics, can predict risk.
Actuaries are employed in the insurance sector and are in charge of risk analysis and event prediction.
They assist insurance firms in determining the proper premiums to charge by using statistical frameworks and mathematical computations to estimate the possibility of future events.
With the necessary qualifications, actuaries can receive up to R700,000 yearly.
Chartered accountants manage the financial records of an organization.
All of a company’s financial reports are handled by charted accountants. They analyze these reports and compile the company’s financial data so that management can pinpoint precisely how much money is being spent and where.
Additionally, they total up the company’s revenue and link it to the expense for operating each department.
A Chartered Accountant with 10 to 19 years of experience makes an average annual salary of R650,000.
Software engineers. A software engineer plays an integral role in the digital world of today.
A software engineer will collaborate with designers to assist in bringing various program features together into a single cohesive unit.
The engineer also collaborates with coders and programmers to organize numerous coding chores and smaller functionalities, which are merged into larger, working applications or new features for the software.
The average annual salary for software engineers in their early careers, having 1-4 years of experience, is R367,575.
However, this number significantly increases when these software engineers have more than 10 years of experience. The average annual salary for a highly-experienced software engineer is R600,000.
Data scientists. An analytics expert known as a “data scientist” is in charge of gathering, analyzing, and understanding data to support organizational decision-making.
They work in a range of sectors, including technology, healthcare, and finance. They employ cutting-edge machine learning and statistical methods to find trends and make predictions.
Data scientists on average, receive R500,000 per year in South Africa.
South Africa has a wide variety of well-paying career possibilities in a range of industries. Although salary varies by industry and amount of expertise, these top 10 highest-paying professions in South Africa offer an excellent chance for people wishing to advance their careers.