Salary of investment banker in south africa

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If you’re new here, please click here to get my FREE page investment banking recruiting guide — plus, get weekly updates so that you can break into investment banking. Thanks for visiting! A: Sure. I owned a small engineering and IT business for a few years before making the move into finance. Back in undergraduate I had studied Computer Science and saw many of my classmates go into finance, but I was interested in starting my own business and did so with another student.

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Submit your CV Sign in. Find jobs Find salaries. Submit your CV. Sign in. Banker Salaries in South Africa. Salary estimated from 36 employees, users, and past and present job advertisements on Indeed in the past 36 months. Last updated: 10 December

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If baner new here, please click here to get my FREE page investment banking recruiting guide — plus, get weekly updates so that you can break into investment banking. Thanks for visiting! A: Sure. I owned a small engineering and IT business for a few years before making the move into finance. Back in undergraduate I had studied Computer Science and saw many of my classmates go into finance, but I was interested in starting my own business and did so with another student.

A few years into it, Salary of investment banker in south africa got interested in equities trading but also realized that I would need an MBA to move into a new industry.

I thought about going to a top 10 business school elsewhere in the world, but settled on something local instead. How is it different from the US and Europe? Beyond that, the products are much simpler: convertibles were only introduced inand credit default swaps still do not exist. They view Big 4 experience very vanker.

Usually you go through 3 or 4 rounds of interviews over several weeks — many of my friends spent around 3 months interviewing before getting an offer, and it took me soyth 6 months. Recruiting take longer not because interviews are more rigorous, but because of the pressure to hire employment equity candidates.

Q: How do most people start working in finance in South Africa? Is it mostly locals or are they transferring in from elsewhere? Sometimes they also come in from accounting. Lately a lot of Africans from other countries like Nigeria, Ghana, and Zimbabwe have been coming here as. A: The most common deals are working capital or property finance-relatedwith some advisory and corporate finance thrown in. Depending on the market, there might also be leveraged finance or mezzanine finance deals — preferred stock issuances and BEE funding always slow down in recessions, as does anything private equity-related.

The industries themselves are diversified — parastatalsretailers, manufacturers, automotive, mining, telecoms, financial services, and so on.

Technology is the only industry here with very little lending or deal activity, because the risk-return is poor. Q: Can you describe the culture, pay, and lifestyle? Is it more like the US with extremely long hours but higher pay, or more like other regions such as Australia with better hours but also lower pay?

A: The hours are probably closer to what you would find in Australia, although a lot of that is determined ov your group. Investment bankers work weekends and leave the office around 10 PM quite often, but all-nighters and working to the point of exhaustion are not as common as they are in the US. You can live a very good life in South Africa on what you make in finance — though you will encounter the same issues as in other developing countries e.

A: Co-workers are sociable and people hang out together quite a lot. My bank also puts on a lot of company-sponsored events and sports, and we even have a sponsored bar. Q: What about exit opportunities? Do people stay in South Africa or move elsewhere? A: Many bankers move on to executive finance roles in industry, sometimes leaving the country and going to the UK, Europe, or Australia.

In his spare time, he enjoys memorizing obscure Excel functions, editing resumes, obsessing over TV shows, traveling like a drug dealer, and defeating Sauron. Free Exclusive Report: page guide with the action plan you need to break into investment banking — how to tell your story, network, craft a ingestment resume, and dominate your interviews.

I would suggest that you apply to the international Investment Banks in the final year of your degree i. Hey, so I have arica 3. I transitioned laterally from legal practice into investment banking a while ago. Thank You. Or switch now to Bcom majoring in finance and investments? What are the differences in exit opportunities between management consultants and I-bankers? I believe both are valued in PE and I-bankers valued in Hedge funds.

Also, what kind of postgraduate qualifications would you say are most required for Hedgefunds if one has a math-based undergraduate?

Would the best bet be ijvestment CFA or possibly a financial mathematics masters degree? The links above should address your questions. Sometimes but it can be challenging unless you can add substantial value to the firm i.

Hey guys. Wondering if you can help me with this one. My objective is to work in IB for years before reaching the equivalent of an associate, and then affrica to the US and working in PE.

Anything is possible, but do you guys think its feasible and if so how do I go about attaining my objective? So its been approx. I have recently gotten into the Corporate Finance team at my bank no. Such a wonderful site!! I am doing a degree in Kf and I realised that I lov Investment banking more than accounting. How can I branch into Investment Banking after my Accounting degree.

Great I finally found an article on the emerging markets. South Africa Nigeria Ghana Zimbabwe. I am in Kenya and am hoping to break sakary the industry Corp Finance. I am trying to spruce up my resume by amassing internship credentials that will boost my prospects.

I have had a 6month stint at an audit firm. That are likely to pay-off. I am a great fan of your site. Like others i wish i had found it earlier. I read your stuff although much of it is based on developed markets which makes it a task to relate to a pre- transition economy.

How would a person holding a non-quant degree fair? Commerce grads are like a conglomerate in this country. You might as well be dead over. This is NOT a bamker of opportunity at all. Not sure on that one — I think degree definitely matters more in emerging markets, but you could probably overcome it if you studied or worked in another country and had solid work experience. You might want to empower your situation by changing your mindset and thinking of solutions to break in, if you really want IB.

Interesting one. Otherwise, I might stick around in HK since its still the financial hub of the world. I think readers may have better insights to your question. Thank you for your informative article. Obviously I could not go straight into that but I want the right degree behind me. I have been office administrator for a property company for 4 years and want to do something else with my life and want to start studying ASAP! I would really appreciate your advice :.

For IB roles having an internship with an investment bank will be helpful. Hi I am a second year Actuarial Science student interested in getting into banking. It is known as one of the hardest degrees available, will this impress bankers? If you are studying Actuarial Sciences at NWU you will definitely be able to land a job in banking after your masters.

And within the souht you can easily move. Nowadays Actuaries inbestment very equipped with Quant skills i. Never give up the maths for something you can easily learn on the.

Eyy is it possible to get info that kind of info for a 3rd world country in Africa like lets say Kenya???? Thanks for the suggestion. Commercial Bank of Africa recruit in Kenya. South Africa is a fantastic country.

The teritary education system is excellent. In the context of emerging markets and someone who may be interested in working in this environment, are these salary of investment banker in south africa I am agrica interested in.

Could you share any insight on careers in Investment banking industry in Kenya. As one of the leading financial hubs in Africa, which are the top banks e. Is this an exaggeration or legit? Quick question. You dont happen to know how best to go about getting an internship at a bank if you are only in your 2nd year of university in South-Africa? Banks only seem to recruit 3rd years and honours students, onvestment i would really like to get started soon. Not sure on that one, but just like the US you can probably cold-call local banks and ask about informal internships.

Having your own staff is very popular in SA, I think there are more than a million employed in private households…. Unless you are comparing a partner at a successful audit firm earning profit-shares vs. I currently work in the public finance department of a regional firm 2 yrs experience. I am well aware that public finance falls outside of what most people consider traditional investment banking.

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These figures are given to the Indeed users for aalary purpose of generalised comparison. Investment Banker Job Listings Search for more jobs. By Job Title. Then they recommend a strategy to improve or manifest. Perform valuation analyses using various methodologies such as trading and transaction comparisons compsdiscounted cash flow and leveraged buyout LBOs. Pay Equity.