Starting Salary Expectations

[Planetary-Devastation]

How much money should i expect to earn fresh out of University if i complete my honours degree, say with an average of 75% when i finish in terms of my grades. the degree that i am studying is a bcom(information systems and business management), hopefully starting as a business analyst or similar role

 

[Deadmanza]

what should i expect to earn fresh out of University if i complete my honours degree, say with an average of 75% when i finish in terms of my grades. the degree that i am studying is a bcom(information systems and business management)

Money, you will earn money.

 

[Planetary-Devastation]

Money, you will earn money.

Thanks Sherlock

 

[Messugga]

what should i expect to earn fresh out of University if i complete my honours degree, say with an average of 75% when i finish in terms of my grades. the degree that i am studying is a bcom(information systems and business management)

Depends on how well you can sell yourself, what cities you're willing to work in, which industries you want to get into, etc.

I'd say somewhere between R500 and R30 000.

 

[Deadmanza]

Thanks Sherlock

Always happy to assist.

 

[wezzcoetzee]

Your question is way too broad...

 

[SAdata]

If you get into a top tier bank/consulting firm R250k-R350k p.a. gross depending on the field you are working in. If you go work in house in a company or at a smaller firm R180k- R250k p.a. from my experience...

 

[Planetary-Devastation]

Your question is way too broad...

I should narrow it down to?

 

[rpm]

It depends on your experience (which looks like 0), and what type of job you get. A salary of R10,000 per month is typical for starting salaries for general fields, and it goes up for more sought-after professions.

But like the others said, it is so dependent on many factors, including location and the field of work, that it is difficult to judge.

 

[Messugga]

It depends on your experience (which looks like 0), and what type of job you get. A salary of R10,000 per month is typical for starting salaries for general fields, and it goes up for more sought-after professions.

But like the others said, it is so dependent on many factors, including location and the field of work, that it is difficult to judge.

And you can halve that number if you're in a smaller city than Jhb/CT/Pta.

 

[Planetary-Devastation]

With regards to location, Gauteng province - Johannesburg and surrounding areas.

 

[El Gato]

There isn't much on this site yet but it's worth checking out. Amazing what some people are earning
www.paygraded.com

 

[Mike Hoxbig]

If you get into a top tier bank/consulting firm R250k-R350k p.a. gross depending on the field you are working in. If you go work in house in a company or at a smaller firm R180k- R250k p.a. from my experience...

I'd say that's the upper end of the spectrum. He might get lucky with these figures, but more than likely not. Since he has no experience, degrees that are more sought after (Engineering, Comp Sci etc.) will be given preference in grad programmes...

 

[krycor]

I'd say it depends on location (where in the country you start working at), whether you have a bursary scheme or not and what you tell the company your expectation is and how good your resolve is vs unemployment.

When evaluating a company you will need to take a few factors into account along with perceived industry need for your skill in industry. BCom IS I'm assuming would be BA or PM type role = industry specific skill. i.e. check longer term growth in industry to see if it meets your need as a BA/PM is only with good exp in an industry with few being able to work across multiple industries. ie start in a dying industry = slow progression.

I'd suggest doing some homework on what norm ctc is and then cost of living will be staying on own (albeit you may be living with parents/friends/someone) and then basing your requirement on that as you will be able to justify it if asked but keep in mind industry norm.

PS. If you young, be prepared to travel or accept whats available.

In the end just remember that regardless of what you start off with there are some things to keep in mind as they pretty much constant i.e.
1. >15% annual increase is unlikely after the 1st 3 yrs with the avg tending to CPI + 0-5% (so usually 10-12% but a bad year for company could have this drop to CPI or nada)
2. Job hopping allow for 15-45% increase but the higher salary and longer worked the more this tends to 10-15%.
3. Benefits are usually part of your CTC. Contrary to how it's sold, CTC is the real measure and sometimes having a nice benefit/perk could be bad as the next company may deduct it from your ctc to calculate your perceived cost as its not considered part of your annual package.
4. Bonus as above.

I reckon the norm could be as 8-10k/month in costal to 10-15+k/month (financial indsutry use to be good but looking at results i'd say depends what in finance) in Gauteng simply due to demand and getting lucky with industry. Doing the evaluation on CoL will be important when accepting a job out of town. So yah.. do some excel work and figure out what u need at a minimum and which industry has the most growth in the years ahead. the combo with industry norm will guide you more than just a number as many peopl find industry dies and you left in a boat without a paddle.