The most common undergraduate degree awarded to students is the bachelor’s degree, although, in a few countries, lower qualifications are also titled degrees (e.g. According to salary data from wage tracking group, PayScale, this is also reflected in the average salary data across degree types – showing that people with engineering degrees are paid higher than other degree types. Best-paying degrees. Bachelor Of Accounting (Bacc) R372 340 According to the paper, between 83% and 97% of graduates from major SA universities go on to find work within six months of graduating – the only outlier being the University of KwaZulu Natal, where the rate is much lower. See also: These are South Africa’s 10 best-paying jobs right now – with salaries over R6 million a year The typical salary for employees with grade 12 is R59,724 per annum versus R160,536 for employees with a diploma, and R258,324 for employees with a degree. Bachelor Of Science (Bsc) R318 280. The degrees that pay the highest salaries in South Africa. Subscribe. The below graph shows how the unemployment rate by education status has changed in South Africa from 2011 to 2018. Master Of Commerce (Mcom) R399 900; Holders of Master of Commerce degree in South Africa earn an average of R399,900 in salary. PayScale’s system allows for specific degrees to be indicated – but in the table below we’ve used the general degree categories. University of Pretoria – 85%. The best degrees if you want to make the most money in South Africa are discussed below. A software engineer can earn about 1.2 million Rands annually. 10. The Top 30 Highest Paying Bachelors Degrees for the Future 30. There are at least 17 paying jobs in South Africa that earn more than R2m a year, according to recruitment agency Michael Page. According to Statistics South Africa’s quarterly labour force survey in May 2018, the graduate unemployment rate stood at 33.5% for those aged 15 to 24, 10.2% among those aged 25 to … Highest Paying Degrees In South Africa. Past salary data, and commentary from countless companies, show that businesses are in desperate need for skills – and are willing to pay big salaries to secure them.. North-West University – 87%. Nelson Mandela University – 95%. Master Of Science (Msc) R379 180; The Master of Science degree holders in various science fields earns a median salary of R379,180 in South Africa. For each degree listed below, thousands of user profiles were tracked in each category where it was listed, totalling over 16,000 submissions from South Africa. While the data shows that not every graduate is guaranteed to find a job, having a degree or some form of tertiary qualification does significantly improve one’s chances. Software Engineers. The latest Quarterly Labour Force Survey published by Stats SA for the fourth quarter of 2018 once again highlighted the importance of gaining a qualification in South Africa in order to secure a job. 2. After analyzing over 140,000 online job posts, Adzuna has revealed the degrees in Science, Technology, Engineering and Math (STEM) that are bound to bring in the most cash after graduation. Chief financial officers (CFO), financial directors and chief human resource (HR) officers are among the highest paying careers in South Africa, a new report found. Salary data released by CareerJunction and other jobs portals provide insight into the average salaries across specific jobs, typically listing engineering jobs and those in ICT as the highest-paying in the country. 1. post-grad) – 80%. The Bachelor of Science degree in Computer Science is the 9th most paying degree in South Africa. Pay attention that local currency (R, Rand, R1=$0.064) is used to specify the wages for the highest paying specialists. PayScale’s data shows us that engineering comes out on top, with early career salaries estimated to be between $60,000 and $94,000 per year and shooting up to as much as $175,000 as you gain more experience on the job. Holders of the Bachelor of Science degree in South ... 9. Bachelor Of Science, Computer Science (Bsc Cs) R369 000. Here, UKZN tops the list with an average salary of R422,000 per year – with Nelson Mandela University at the tail end at an average of R247,000 per year. post-grad) –. Michael Page found that CFO’s, financial directors and chief human resource officers are among the highest paid in South Africa. associate degrees in the US or foundation degrees in the UK) while in most others a higher-level first degree is more usual. Because the data reflects an average, we have also included the minimum and maximum recorded salaries per degree, which range from entry-level positions, to CEOs, whose salaries are in the millions. 1. Rounding up this list is the Bachelor of Science degree. For example, the general BCom category shows an average salary of R327,000 a year, but those who studied a BCom Accounting show an average of R354,000. Subscribe. Some of the highest paying degrees in South Africa are awarded to excellent students upon successful completion of a course of study in higher education, usually at a college or university. Practically anyone who’s spent time living or working in a big city has benefited from the expertise of civil engineers. University of the Witwatersrand – 97%. With a population of over 53 million people, there is a strong competition for the available white-collar jobs. Engineering graduates now earn more than any other STEM grads . PayScale’s data is based on user-inputted information, updated to February 2019. The best degrees in South Africa if you want to make the most money. Holders of the Bachelor of Science degree in South Africa earn on the average the sum of R318, 280. The survey was completed 4,638 South Africans, of which 1,787 did a degree at a traditional South African university. Top ten highest-paying jobs in South Africa. Software Engineers. The table below shows general degree … The degrees that offer the best starting salary in South Africa Google buys HTC assets for $1.1 billion to spur devices push Next article Remgro reports big rise in headline earnings Previous article University of Cape Town (incl. They usually have a degree in computer science and programming. Top ten highest-paying jobs in South Africa. Staff Writer 13 January 2016. Notify me of follow-up comments by email. Staff Writer 11 April 2016. By comparison, only 1.7% of the unemployed persons were graduates, while 6.3% had some form of tertiary qualification as their highest level of education. Comments section policy: Any attacks on BusinessTech, its journalists, or other readers will result in a ban. Mean Salary : 1, 123, 890 (one million one hundred twenty-three thousand eight … The second high paying job in South Africa is that of a pilot. Civil engineering. So, if you are betting on the rapid development of your career, here are the professions to choose from.