Tag: Discover the Average Chartered Accountant Salary in South Africa

Are you considering a career as a chartered accountant in South Africa? One of the important factors to consider is the salary. As a chartered accountant, you have a variety of options in terms of the type of organization you can work for and the industry you can specialize in. This means that your salary can vary depending on several factors.

To give you an idea of what to expect, we have put together a comprehensive guide on chartered accountant salaries in South Africa. Here are some things you need to know:

Factors That Influence Chartered Accountant Salary in South Africa

• Industry: Depending on the industry you choose to work in (e.g., financial services, government, accounting firms), your salary can vary.

• Experience: The more experience you have, the higher your salary is likely to be.

• Qualification: Your qualification can also influence your salary. For instance, if you hold a CA (SA) qualification, you can expect a higher salary than someone with a similar degree but without the qualification.

Average Chartered Accountant Salary in South Africa

As of 2021, the average annual salary for a chartered accountant (CA) in South Africa is around R600,000. However, this figure can vary depending on your years of experience, qualification, and the industry you work in.

Here is a breakdown of what you can expect to earn at different stages of your career:

• Entry-level chartered accountant with less than 1 year of experience: R250,000 – R300,000 per annum.

• Newly qualified chartered accountants with up to 3 years of experience: R400,000 – R600,000 per annum.

• Experienced chartered accountants with more than 5 years of experience: R800 000 – R1 400 000 per annum.

Conclusion

Being a chartered accountant in South Africa can be a lucrative career choice. However, your salary can vary depending on your qualifications, experience, and the industry you work in. It’s essential to have a good understanding of what to expect before you choose this career path. We hope this guide has given you some valuable insights.