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Accountant Salary in South Africa | Finance degree Salaries

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Lifereset with Boni

Lifereset with Boni

Күн бұрын

How much do accountants earn in South Africa , which jobs can you do with accounting and finance degrees? That's what we are focusing on in this video.
CA (SA) salaries are here :
• Chartered Accountant S...
Road to CA (SA) from a diploma is here:
• From an Accounting Dip...
#liferesetwithboni #accountant #accountingandfinance #bonixaba
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Пікірлер: 104
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
Hi guys, thanks for stopping by, I've done a CA (SA) video here kzfaq.info/get/bejne/jq5hY9yCmK6lp6M.htmlsi=mCnwhpdNH43veEd2 And on Weds, it will be focused on finance managers.
@KgRu1eS
@KgRu1eS 2 ай бұрын
I'm a Chartered Accountant and I understand the confusion that exists regarding salaries. Keen to explain it but it will be very long. In summary, The first person's salary is correct. In fact, they earn more than I did when I started. However, in articles, salaries increase every 6 months and after professional exams are passed (So about 8 increases in articles typically about 10% increases for the 6 and about 15% -20% for the big exams that are passed). When you become a CA, depending on your negotiations and how you networked in articles, it is very common for it to double. I've been a CA for 4 years now and I've doubled my salary again from when I became a CA. In my circle of CA friends there are those who've done better than me. They have doubled their salaries in less time and they get bonuses that are multiples of their annual CTCs. It all depends on candidate and how they take advantage of the opportunities in front of them.
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
Hi,thanks for the explanation, I think CA s earn well, I've done a video focusing on them only, but on Weds, it will be finance managers who are earning well as well. The confusion is the word " Bcom," and we automatically think Accountant, but what type of Accountant and areas of expertise cos this is very broad.
@waltherziemerink
@waltherziemerink 2 ай бұрын
I disagree with this. Yes, the increases are there as each milestone is achieved but thats what I earned in 2009! that is unacceptable.
@KgRu1eS
@KgRu1eS 2 ай бұрын
@@liferesetwithboni that’s fair. I sympathise because you are correct. Your last sentence is right Bcom is very broad and Accounting is also very broad. I would like to further reiterate accounting (ie finance managers) is but one place and probably the safer career paths CAs choose to work. However we are trained in many disciplines and maybe it will be worth getting payslips for CAs in M&A or corporate and investment banking(if you can obviously). I specialise in Data analytics which is a new career that didn’t exist 10 years ago. Careers that are less safe are compensated more for the risk.
@bumi6265
@bumi6265 18 күн бұрын
You can do data analytics with accounting ?
@mihlalitabata5040
@mihlalitabata5040 2 ай бұрын
Boni is not lying and I like her transparency. However, people should know that there is a lot of Accounting : Fiinancial Accounting, BAcc, Management Accounrting and Financial Accounting(General), and above all there is too much supply with these Accounting degrees , and to earn high you should be vastly different. Hence I route for BAcc(CA degree), Honours in Accounting but PGdip if it happens that you do not make honours, and CA(SA) but along the way to that route make sure you learn a lot of things outside school books that will differentiate you from your competitors. But bear in mind this doesn't constitute any advice please do your own research
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
Absolutely, and part 2 will show the other side !
@ethanhendricks32
@ethanhendricks32 2 ай бұрын
Yoh that Compliance auditor, went through the pain of doing not just basic auditing but applied auditing (which all Accounting student me included know Auditing is a legit motherfluffer) to later only make 20k😭😭💔💔💔🙃 thats bad, and we as accounting students are legit fighting for our lives with these modules
@kgothatsomampane5278
@kgothatsomampane5278 2 ай бұрын
Sars for you, i left that organization 6 years ago for same reasons
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
All sars salaries that I've seen are like this. It's shocking
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
Stats is not playing with yall!.
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
Here is a CA (SA) video that I published last year.kzfaq.info/get/bejne/jq5hY9yCmK6lp6M.htmlsi=mCnwhpdNH43veEd2
@mpolailapisi4693
@mpolailapisi4693 2 ай бұрын
😮😮😮😮😮😮😮😮
@bulelanibaqwa
@bulelanibaqwa 2 ай бұрын
These are the degrees that get you though the door, the rest is up to you once you're in
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
Absolutely
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
Here is a CA (SA) video that I published last year.kzfaq.info/get/bejne/jq5hY9yCmK6lp6M.htmlsi=mCnwhpdNH43veEd2
@bulelanibaqwa
@bulelanibaqwa 2 ай бұрын
@@liferesetwithboni Please can you do a video of Chartered Financial Analysts (CFA) holders
@sompisiphinda1417
@sompisiphinda1417 2 ай бұрын
Absolutely!
@thulilerikhotso9311
@thulilerikhotso9311 2 ай бұрын
The thing about accounting and finance is that there are different degrees, roles & industries. That’s why the salary range is quite different and vast.
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
Yes definitely, on weds we will see another side.
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
Here is a CA (SA) video that I published last year.kzfaq.info/get/bejne/jq5hY9yCmK6lp6M.htmlsi=mCnwhpdNH43veEd2
@thulilenkosi8530
@thulilenkosi8530 2 ай бұрын
It's true that to earn well in the Accounting field, you need to specialize. Whether it's with SAICA, SAIPA, CIMA, etc. I have an accounting degree that hasn't done much for me. I eventually moved to IT and my certificate, lower than my degree and lower than a diploma even, has gotten me a job in IT that paid me more than my previous permanent job at an internship level. The pay has since more than doubled at the grad stage and is expected to increase some more once I specialize in a few years. My degree did, however, get 1 foot in the door for me coz this opportunity I got requires 1 to have a degree as a minimum regardless of what field the degree is in. So I'm grateful for that part.
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
Awesome
@mpolailapisi4693
@mpolailapisi4693 2 ай бұрын
Hi Thuli, can you please share more how you ventured into IT?
@thulilenkosi8530
@thulilenkosi8530 9 күн бұрын
@@mpolailapisi4693 I went to WeThinkCode and studied their Software Engineering course then got placed with one of their sponsors after completing the course.
@vincentmothapa2421
@vincentmothapa2421 2 ай бұрын
Yoh hectic! Imagine an accountant with 16 years experience earning as much as an engineering graduate with 2 years experience after varsity 😅 no ways! There's something wrong with that. Unfortunately when you're desparate for a job you can't get picky, and that's sad. Companies are really benefitting from desparate people in this country
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
Askies
@AphiwePhewa
@AphiwePhewa 2 ай бұрын
I once saw an Accountant vacancy SAICA articles were part of their requirements and the salary was 18K-25K i almost went to see an optometrist to see if my eyes didn't have a problem 😭😭🙌
@ronniewiseman7651
@ronniewiseman7651 2 ай бұрын
Lol
@Nqobiile_n
@Nqobiile_n 2 ай бұрын
Most trainees earn that much, it's no train smash
@reneilwemodjadji8783
@reneilwemodjadji8783 2 ай бұрын
They know people are desperate and will still apply. We are letting these companies do these to us by agreeing to these conditions
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
Here is a CA (SA) video that I published last year.kzfaq.info/get/bejne/jq5hY9yCmK6lp6M.htmlsi=mCnwhpdNH43veEd2
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
​@Nqobiile_n Here is a CA (SA) video that I published last year.kzfaq.info/get/bejne/jq5hY9yCmK6lp6M.htmlsi=mCnwhpdNH43veEd2
@HOLTZRUD
@HOLTZRUD 2 ай бұрын
I wouldn't say accountants are mathematically gifted😂, they don't do pure mathematics in varsity, Actuaries are😎
@AmukelaniKoffie-il7cw
@AmukelaniKoffie-il7cw 2 ай бұрын
Lol,they do
@HOLTZRUD
@HOLTZRUD 2 ай бұрын
@@AmukelaniKoffie-il7cw computational maths🤔
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
Stats is not pure Maths? Just asking 😄
@sacevvs847
@sacevvs847 2 ай бұрын
Tax needs math bruh
@HOLTZRUD
@HOLTZRUD 2 ай бұрын
@@liferesetwithboni They do Business statistics not Mathematical Statistics 😄
@mrsolodolo33
@mrsolodolo33 2 ай бұрын
Yohh these are peanuts shem😥. If part 2 goes like this then im changing careers
@mrenuh
@mrenuh 2 ай бұрын
Hang in there😂
@ethanhendricks32
@ethanhendricks32 2 ай бұрын
and auditing is legit showing flames not including tax and Management accounting to only make 17k💀💀💔💔💔joh its bad shem
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
No part 2 is promising, start with the bad and move to better.
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
Tell them, it's not bad.
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
Askies
@AngorRandford
@AngorRandford 2 ай бұрын
Hi. SAIPA (South African Institute of Professional Accountants) also requires you to do articles. Usually, the degree as a pre-requisite is SAIPA accredited degree such as a Bcomm Financial Accounting, BTech/(Diploma - with the aim to complete a NQF level 7) in Accounting, etc.
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
Okay
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
Here is a CA (SA) video that I published last year.kzfaq.info/get/bejne/jq5hY9yCmK6lp6M.htmlsi=mCnwhpdNH43veEd2
@AngorRandford
@AngorRandford 2 ай бұрын
@@liferesetwithboni thank you Bonnie :). Love your content
@mzansistreets8027
@mzansistreets8027 2 ай бұрын
My brother has BCom degree and Honours. He is in the IT part of this industry and earns very very well.
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
Nice 😘
@agisanangmodise4405
@agisanangmodise4405 2 ай бұрын
What does your brother do exactly?
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
Here is a CA (SA) video that I published last year.kzfaq.info/get/bejne/jq5hY9yCmK6lp6M.htmlsi=mCnwhpdNH43veEd2
@kgodishokgodiso2463
@kgodishokgodiso2463 2 ай бұрын
Accounting qualification is basically a waste of time
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
No, it's not. It's vast, you need to be strategic and study further. I think I should have someone who can guide us on different paths.
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
Here is a CA (SA) video that I published last year.kzfaq.info/get/bejne/jq5hY9yCmK6lp6M.htmlsi=mCnwhpdNH43veEd2
@SJ_KingMthembu
@SJ_KingMthembu 2 ай бұрын
If you dont know how to use your degree and research about your career any qualification will be useless.
@SJ_KingMthembu
@SJ_KingMthembu 2 ай бұрын
​@@liferesetwithboniI sent you an email boni I hope you saw it.
@fikilemhlonga5697
@fikilemhlonga5697 2 ай бұрын
You can start articles immediately after matric ( if you find a firm) then you study while doing them
@mutshidziramavheya1699
@mutshidziramavheya1699 2 ай бұрын
I also did Articles with just Matric
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
How was it?
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
I was not aware.
@mutshidziramavheya1699
@mutshidziramavheya1699 2 ай бұрын
​@@liferesetwithboni they were tough in the first year because I was fresh from high school however, it got better with time and studying (nb! I didn't say easy)
@taskkeyChess
@taskkeyChess 2 ай бұрын
I left my Retail Job earning R16k average and around R28k festive season to do Bcom Finance degree , was it a good choice ?
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
Yes
@SimonSuh
@SimonSuh 2 ай бұрын
Thank you! :)
@samuelsimphiwe8271
@samuelsimphiwe8271 2 ай бұрын
The low salaries are mostly from people who don't have a degrees though😢.
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
Okay
@AxDataG
@AxDataG 2 ай бұрын
One thing most people fail to understand is that you do finance or accounting because you're passionate about it/them. Otherwise, you'll struggle. Money is in tech. Speaking from experience.
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
Do people do finance cos they are passionate about it? 😊
@AxDataG
@AxDataG 2 ай бұрын
@liferesetwithboni I don't know. Let elaborate for you - you do finance or accounting when you are passionate about it and not when you are looking to make money. Otherwise, you'll struggle because there's no money in those fields. You'll earn R12k as an intern, R24k or so in two years, and then it stops or marginally increases around +R30k unless you job hop. I know people with 5 years of experience as CAs, yet they are still earning around R50k. You'll hardly find a CA with R100k+ CTC unless they are exceptionally good.
@thulilenkosi8530
@thulilenkosi8530 2 ай бұрын
I agree with you. I'm also speaking from my own experience.
@ThekgoMampane
@ThekgoMampane 2 ай бұрын
Currently doing my first year in bcom accounting 😢 and after seeing this im going change next year😢
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
Watch part 2
@josholiver4465
@josholiver4465 2 ай бұрын
Can you please do HR workers please.
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
I've done it , use search bar. HR Salaries in South Africa. I will pop.up.
@blomobloom9639
@blomobloom9639 2 ай бұрын
Hey I've been watching your videos for awhile now. Can do CIPS salaries. I'm getting my certification. Please cover how much MCIPS holders earn in RSA
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
What is CIPS?
@colisilegmatsenjwa1339
@colisilegmatsenjwa1339 2 ай бұрын
Chattered institute for procurement and supply
@soulmeditationevents9618
@soulmeditationevents9618 2 ай бұрын
Boni can you please share a payslip of a networking technician And engineer. ❤
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
I don't have one for now, but I'll keep looking.
@oHlomuka
@oHlomuka 2 ай бұрын
The basic in the last payslip is not make sure
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
😄
@user-jm4ht6qx2y
@user-jm4ht6qx2y 2 ай бұрын
Just pursue engineering...
@reneilwemodjadji8783
@reneilwemodjadji8783 2 ай бұрын
Only few earn well in SA. Engineering professionals are undervalued in SA, best plan would be for all skilled people to leave the country and allow the power to shift back to the employees
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
Here is a CA (SA) video that I published last year.kzfaq.info/get/bejne/jq5hY9yCmK6lp6M.htmlsi=mCnwhpdNH43veEd2
@andisapaul4047
@andisapaul4047 2 ай бұрын
Ne video yakho iFast awuyithandi accounting wena😢... Ngiyadlala 😂😂
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
😄😄😄Part 2 is coming, I won't lie. I was under pressure with time, but I wanted to publish it today, then weds its part 2.
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
Here is a CA (SA) video that I published last year.kzfaq.info/get/bejne/jq5hY9yCmK6lp6M.htmlsi=mCnwhpdNH43veEd2
@Sheilzdarlingz
@Sheilzdarlingz 2 ай бұрын
Yhoooo SARS yaybaxa
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
Yes
@derrickmakgatha4433
@derrickmakgatha4433 2 ай бұрын
Hai hai hai no no no🤣🤣🤣🤣🤣🤣
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
Weds will be so much better.
@liferesetwithboni
@liferesetwithboni 2 ай бұрын
Here is a CA (SA) video that I published last year.kzfaq.info/get/bejne/jq5hY9yCmK6lp6M.htmlsi=mCnwhpdNH43veEd2
@SIR_MGP
@SIR_MGP 2 ай бұрын
SARS 🤦🏾‍♂️WTF
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