Assistant Manager Banking Branch (Major Branch)

R314,268 (ZAR)/yr

R151.09 (ZAR)/hr

R15,462 (ZAR)/yr

The average assistant manager banking branch (major branch) gross salary in Bloemfontein, South Africa is R314,268 or an equivalent hourly rate of R151. This is 19% lower (-R75,289) than the average assistant manager banking branch (major branch) salary in South Africa. In addition, they earn an average bonus of R15,462. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Bloemfontein, South Africa. An entry level assistant manager banking branch (major branch) (1-3 years of experience) earns an average salary of R230,883. On the other end, a senior level assistant manager banking branch (major branch) (8+ years of experience) earns an average salary of R388,568.

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ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.

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R364,322 (ZAR)

16 %

Based on our compensation data, the estimated salary potential for Assistant Manager Banking Branch (Major Branch) will increase 16 % over 5 years.

This chart displays the highest level of education for:
Assistant Manager Banking Branch (Major Branch), the majority at 42% with bachelors.

Typical Field of Study: Finance

See how education can impact your salary

Bloemfontein, South Africa

The cost of living in Bloemfontein, South Africa is 1% more than the average cost of living in South Africa. Cost of living is calculated based on accumulating the cost of food, transportation, health services, rent, utilities, taxes, and miscellaneous.

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Bloemfontein ( BLOOM-fon-tayn; Afrikaans: [ˈblumfɔntɛin]), also known as Bloem, is the capital and the largest city of the Free State province in South Africa. It is often, and has been traditionally, referred to as the country's "judicial capital", alongside the legislative capital Cape Town and administrative capital Pretoria, although the highest court in South Africa, the Constitutional Court, has been in Johannesburg since 1994. Situated at an elevation of 1,395 m (4,577 ft) above sea level...

Sourced from Wikipedia
Manages and coordinates activities of workers, in an assistant role to the Branch Manager, engaged in providing financial services to customers, and assists in cash management activities. Reviews documents prepared by subordinates, such as savings bond applications and safe deposit vault entry and exit records, to ensure compliance with establishment policies and procedures. Oversees branch office operations to ensure that... security procedures are being followed. Runs office in absence of Branch Manager. The Assistant Branch Manager (Major Branch) is distinguished from the Assistant Branch Manager (Minor Branch) as the position requires more experience, supervises a larger staff and is in a larger volume branch bank. Read More

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Disclaimer

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Professionals should subscribe to SalaryExpert’s Assessor Platform.

ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.

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