In the future, when you’re planning to pursue a particular profession in South Africa, you may want to know the highest paying jobs in South Africa. Although it’s important to consider the financial aspects when choosing your career path, other aspects like your enthusiasm for the profession and whether it matches your abilities and vocations or not are equally important. It would be useless to pursue a certain profession just for financial gain – the enjoyment of the work is as crucial.
Top 5 paying jobs in South Africa in 2022 :
Here are five of the most paying jobs in South Africa for 2022. The earnings will depend on your qualifications, skills, and work experience. When you go through this list of the best paying jobs in South Africa, you will gain financial insight into a profession that intrigues you. Considering the outflow of labor from SA to countries like Australia, Canada, New Zealand, the UK, and the US, the labor industry in SA is rapidly evolving. When formulating this list, we considered not only the salary but also the population of those employed in those respective industries.
1-Specialist Doctors – Average Salary is R1,600,000
Presently, specialist doctors are among the highest paying jobs in South Africa. They are highly skilled and knowledgeable people who have specialized in a certain field of medicine. These fields comprise Cardiology, Neurology, and Urology. Not only is qualifying to be a specialist doctor like a neurosurgeon rigorous but undertaking it is also costly; hence the high income.
The majority of specialist doctors work for lengthy periods and are often on-call – this makes their jobs very demanding and straining. Luckily, these efforts are compensated by the massive earnings they receive after doing all the hard work.
Neurosurgeons are specialized in treating patients with brain and spinal cord-related issues. The average entry-level salary for a professional with 1-4 years of experience is R730,000 per year. Mid-level surgeons with 5-9 years of experience receive an average pay of R800,000; while those with 10-19 years of experience receive R2 million every year.
2-Architects – Average Salary is R715,000
Architecture not only pays handsomely, but it’s also one of the skill-demanding jobs in many countries. This means that if you’re successful in this profession, you can still work in other countries and expand your career.
Architects plan construction designs and supervise the construction of those buildings. Since an architect’s decision can impact public safety, they usually undergo intensive training. For you to qualify as an architect in South Africa, you need to study architecture in a recognized university that provides the discipline program. For example, you can pursue architecture in the Faculty of Engineering and Built Environment at the University of Cape Town.
An entry-level architect with 1 to 4 years of experience earnings R277,000 on average while mid-level architects earn R715,000. Those with more years of experience usually earn an income of R1.2 million on average.
3-Chartered Accountant – Average Salary is R605,000
To become a chartered accountant, you must be quite an efficient and disciplined professional because the job can become quite demanding. The impressive thing about chartered accounting is its designation is worldwide – this means that it offers more benefits as compared to other accounting qualifications.
The role of a chartered accountant is to offer financial advice, audit company accounts, and offer trustworthy insight into the financial records of a particular client. These professionals can also be responsible for managing taxation, corporate finance, forensic accounting, as well as business insolvency and recovery.
In South Africa, you need a Bachelor of Commerce in Accounting or a degree in Accounting Science at a university that is accredited by SAICA to become a chartered accountant. Consequently, you will have to sit for the CA board examination.
Although you need to sit for the board examination after pursuing your undergraduate degree, the career is one of the top paying jobs in South Africa which makes it worth the effort.
Entry-level chartered accountants earn R489,000 on average while mid-level accountants earn R605,000 per year. Chartered accountants with more years of experience usually earn around R782,000 on average per year.
4-Management Consultant – Average Salary is R554,000
This job is among the highest paying jobs in South Africa. A management consultant helps to improve the performance of an organization; thus, maximizing its growth. They achieve this by developing the skills that the organization may be lacking. To become a management consultant, you need to get a bachelor’s degree or master’s degree in a business field such as accounting, economics, or finance.
Since management consultants ought to have impressive IT and numerical skills, you may want to sharpen your IT skills should you decide to pursue a management consultancy career.
Management consultancy can be quite rewarding. Entry-level management consultants are paid an average of R298,000 per year while mid-level consultants are paid R554,000 on average per year. Experienced professionals with 10 to 19 years of experience usually earn about R869,000 per year.
5-Lawyers – Average Salary is R326,000
Since time immemorial, the legal profession has been on the list of highest paying jobs in South Africa and in many other parts of the world. Regardless of the economic and social changes that have negatively impacted myriads of professions, lawyers have retained their spot as the highest paying jobs in South Africa.
The reason for this is that many individuals and businesses always require legal professionals to assist them to overcome legal hurdles. The salary that a lawyer earns is proportional to their years of experience and the type of lawyer he or she is. The majority of highest-paid lawyers are attorneys.
An entry-level lawyer earns around R252,000 per year on average while a mid-level lawyer earns an average of R726,000 per year. Experienced lawyers with 10 to 19 years of experience earn about R1.5 million on average per year.
What you need to keep in mind :
As indicated above, there are numerous best paying jobs in South Africa that you can pursue today. However, keep in mind that it’s essential to pick a career path that you’re passionate about and offers a high income.