Average Absa Salary in South Africa in 2024 (2024)

FAQs

What is the salary of Absa? ›

Average annual salary in Absa Bank is INR 24.7 lakhs . Salary estimates are based on 30 Absa Bank latest salaries received from various employees of Absa Bank.

Absa Bank Limited (Absa) is a wholly-owned subsidiary of the Absa Group. We offer a range of retail, business, corporate and investment banking, as well as wealth management, products and services primarily in South Africa and Africa.

The average finance salary in South Africa is R 540 006 per year or R 277 per hour.

Branches. 640 branches in South Africa.

In 2023, Absa was rated top among “the 25 best workplaces to grow your career” in an annual survey by LinkedIn, the world's largest professional network with more than 900 million members.

The highest-paying bank in India is State Bank of India, which offers a salary package of INR 10.17 LPA.

The Solidarity Research Institute (SRI) found that Absa's Gold Value Bundle and Premium Package are the most expensive bank accounts for sophisticated banking needs in South Africa among the country's largest banks.

Standard Bank continues to dominate the listings in our 2023 ranking of Southern Africa's Top 20 banks, while Nedbank climbs from #4 to #2, overtaking FirstRand and Absa.

As of 2022, Absa Bank employed a total of 35,451 people around the globe. South Africa had the largest number of employees, with a total of 25,719 people. Kenya and Tanzania completed the top three with 2,304 and 1,478 employees, respectively.

What is a good salary in South Africa? A good salary in South Africa depends on a number of factors, including your experience, education, industry, location and lifestyle. However, according to data from Numbeo, a salary of R30,000 or more per month is considered to be good.

What is considered a big salary in South Africa? ›

For entry-level positions, the average salary ranges from 520,000 ZAR to 600,000 ZAR annually. At the senior level, you can expect to earn between 600,000 ZAR and 1,000,000 ZAR per year, while more experienced professionals can earn between 1,000,000 ZAR and 1,250,000 ZAR per year.

The name of the bank's holding company was changed to Absa Group Limited in 1997. In 2005 Barclays acquired a 62.3 percent majority stake in ABSA, and Barclays' existing subsidiary in South Africa and Barclays Capital's business were subsequently operated under the ABSA brand.

Barclays Bank of Kenya has officially changed name to Absa Bank Kenya PLC, effective Monday, 10 February, 2020 following all necessary regulatory approvals.

Absa Group Limited (2018-present)

Barclays Bank Plc in 2018 owned 14.9 percent of Absa Group Limited. In March 2018, Barclays Africa announced the group's name would revert to Absa Group Limited, effective 30 May 2018.

Bank jobs generally come with good compensation. With a banking job, you can be sure of a steady source of income with high salaries. Depending on the job, you can earn upward of $30,000 in an entry-level role. Many higher-level jobs provide salaries of over $150,000.

While ZipRecruiter is seeing salaries as high as $113,001 and as low as $30,594, the majority of Private Banker salaries currently range between $46,900 (25th percentile) to $65,100 (75th percentile) with top earners (90th percentile) making $96,223 annually in California.