Business

How to Become a Financial Analyst / Investment Banker in South Africa

Analyse financial data to guide investment decisions

APS 32–40
APS Range
R300k – R2m per year
Annual Salary (ZAR)
High
Job Demand
Investigative / Conventional
RIASEC Profile
About this Career

Financial analysts evaluate investment opportunities, analyse company performance, and make recommendations to investors or corporate management. Investment bankers advise companies on mergers, acquisitions, and capital raising. In South Africa, major banks (Standard Bank, FirstRand, Absa, Nedbank, Investec) and asset managers (Allan Gray, Coronation, Ninety One) are major employers.

What Does a Financial Analyst / Investment Banker Do?

Financial analysts build financial models in Excel, analyse company accounts and market data, prepare investment research reports, attend management presentations, and present recommendations to portfolio managers or clients.

APS & Subject Requirements
Minimum APS
32 points
Typical APS Range
32–40 points
Required Subjects:
Mathematics (Level 5+), English (Level 5+), Accounting recommended
✗ Pure Mathematics is required — Mathematical Literacy is NOT accepted

Use the free Career Helper APS Calculator to calculate your exact score for each SA university.

SA Universities Offering This Programme

Programme names and requirements vary by institution. Always verify directly with the university before applying.

Step-by-Step Career Roadmap
  1. Achieve APS 32+ with Mathematics and strong marks. Study BCom Finance, BBusSci (UCT), or BCom Financial Management at a leading university.

  2. Complete internships at banks or asset managers during your degree. Pursue the CFA (Chartered Financial Analyst) qualification — the global gold standard for investment professionals.

  3. Graduate into a graduate programme at a major bank or asset manager. Progress from analyst to associate to portfolio manager or investment director over 5–10 years.

Frequently Asked Questions
What degree do I need to become a financial analyst?
BCom Finance, BCom Financial Management, BBusSci (UCT/Wits), or BSc Actuarial Science are common pathways. The CFA designation is highly valued in investment banking and asset management.
What do financial analysts earn in South Africa?
Junior analysts start at R300,000–R500,000. Senior analysts earn R600,000–R1,000,000. Portfolio managers and investment directors can earn R1,500,000–R2,000,000+.
Is Mathematical Literacy accepted for finance degrees?
No. BCom Finance, Investment Management, and related degrees require pure Mathematics. Math Literacy severely limits your options in the finance sector.
Salary Range in South Africa (2026)
Starting Salary
R300k/year
Senior / Experienced
R2m+/year

Salary ranges are indicative for South Africa 2026 based on market data. Actual salaries vary by employer, location, and experience.