Categories: Career AdviceNews

Average Project Manager salary in South Africa 2024

Published by
Lethabo Ntsoane

The average project manager salary is R41,352.00 per month in 2024. Project managers oversee specific projects for businesses and have a variety of tasks to complete on a daily basis, justifying their remuneration. In South Africa, a project manager can earn more than R70,000.00 per month, making them some of the most rewarding jobs in the country.

Employers provide rewards to project managers, and this can apply to project managers with no experience. Contributions from an employer to a project manager can include contributions to medical assistance, provident fund, preservation fund, or any other retirement plan

Project managers can also earn performance bonuses. The annual performance bonus for Project Managers ranges from R9,000.00 to R97,000.00 (Payscale). A Project Manager’s income can also include commissions. Project Manager commissions range from R5,000.00 to R245,000.00 per year.

Bonuses and commissions can influence a Project Manager’s salary; however, another factor that determines a Project Manager’s income is the city in which they work. The cities with the highest average monthly salary for Project Managers are listed below.

#CityMonthly Average Salary
1Cape Town, Western Cape R54,041.00
2Centurion, Gauteng R39,579.00
3Park Town, Gauteng R38,997.00
4East London, Eastern CapeR37,275.00
5Johannesburg, Gauteng R35,074.00
6Sandton, Gauteng R33,157.00
7Durban, KwaZulu-Natal R32,437.00
8Pretoria, Gauteng R29,552.00

The cities listed above are the best places to work as a project manager. A project manager’s income is also determined by his or her level of experience. We look at different project managers salaries based on their level of experience below.

Average Project Manager salary with 0 – 2 years of work experience in 2024

A Project Manager with 0 to 2 years of experience can expect to earn R23,800.00 a month on average. A Project Manager with 0 to 2 years of experience can expect their salary to rise by 45% if they have a bachelor’s degree. A project Manager’s salary with 0 to 2 years of experience can increase by up to 71% with a Master’s degree in Project Management.

The lowest-paid project managers in this range have 0 years of experience and earn R21,800.00 per month on average. A project manager’s starting salary is R20,100.00 per month. In this category, a project manager’s income might be as high as R26,000.00 per month.

Average Project Manager salary with 3 – 5 years of work experience in 2024

A Project Manager with 3 to 5 years of experience can expect to earn R30,600.00 per month on average. The salary is a 29% increase over the average salary for Project Managers with 0 to 2 years of experience.

A Project Manager in this category can earn up to R36,500.00 per month. Those with a degree or a postgraduate degree in the field are likely to earn the highest salary for Project Managers with 3 to 5 years of experience.

The lowest monthly salary available in this category is R27,600.00. Those with three years of experience are more likely to get the lowest salary. Employers can, however, pay more or lower wages than specified.

Average Project Manager salary with 6 – 10 years of work experience in 2024

A Project Manager with 6 to 10 years of experience earns an average monthly salary of R42,200.00. The salary is 38% higher than the average income for Project Managers with 3 to 5 years of experience.

The salary of a Project Manager at this level is also determined by one’s level of education. A postgraduate degree in the field can help Project Managers earn much more money.

A Project Manager with 10 years of experience can earn more than R50,000.00 per month. Those with work experience but no postgraduate degree in the field can earn as little as R30,000.00 per month.

Average Project Manager salary with 11 – 15 years of work experience in 2024

A Project Manager with 11 to 15 years of experience earns an average monthly pay of R52,300.00. The salary is a 24% increase above the average salary of Project Managers with 6 to 10 years of experience.

The maximum monthly salary in this group is R55,000.00, which is likely to be earned by those with 15 years of work experience. Those with 11 years of work experience earn the least in this category, with an average monthly income of R45,000.00.

Average Project Manager salary with 16 – 20 years of work experience in 2024

A Project Manager with 16 to 20 years of experience earns an average monthly salary of R56,100.00. The salary is 7% higher than the average salary for Project Managers with 11 to 15 years of experience.

A Project Manager with 20 years of work experience can earn up to R65,000.00 per month based on the position held. Big corporations tend to pay well for Project Managers at this level. Furthermore, the level of commissions and bonuses also increased. 

Conclusion

A Project Manager’s salary is relatively high when compared to the average salary in South Africa. Those who engage in lifelong learning and pursue higher education tend to earn more money and have greater responsibilities. As a result, pursuing a postgraduate degree in the field can help in raising one’s income.

Lethabo Ntsoane

Lethabo Ntsoane holds a Bachelors Degree in Accounting from the University of South Africa. He is a Financial Product commentator at Rateweb. He is an expect financial product analyst with years of experience in reviewing products and offering commentary. Lethabo majors in financial news, reviews and financial tips. He can be contacted: Email: lethabo@rateweb.co.za Twitter: @NtsoaneLethabo