Average Revenue Manager salary in South Africa 2024

Average Revenue Manager salary

The average revenue manager salary in South Africa is R36,500 per month. Revenue managers are in charge of planning and assisting businesses in meeting their revenue targets. Furthermore, they collaborate with financial managers and directors to provide revenue target advice.

Revenue Managers are among South Africa’s highest-paid professionals. However, there is a gender pay gap in the profession. Men earn an average monthly salary of R40,200.00, while women earn an average monthly salary of R36,000.00.

Men’s salaries are 12% higher than women’s. When this data is compared to the national average, men earn 33.3% more than women across all professions.

Revenue Managers receive bonuses in addition to their salary because their work is extremely demanding and in turn, overperformance is rewarded. A Revenue Manager’s annual bonus ranges from R5,000.00 to R79,000.00. The average annual bonus for a Revenue Manager is R24,000.00.

In South Africa, not all revenue managers receive a bonus. According to Salary Explorer, in 2023, 16% of South African revenue managers did not receive a bonus, while 84% of revenue managers received a bonus.

The 84% of revenue managers who received a bonus in 2023 reported that it ranged from 5% to 9% of their annual salary. According to the data, revenue managers did not earn commissions in 2023.

A Revenue Manager’s salary is determined by a variety of factors. Below, we look at which factors influence a Revenue Manager’s salary in South Africa.

Factors that influence the salary of a Revenue Manager 

Level of Education 

A Revenue Manager’s level of education is important in determining their salary in South Africa. Revenue Managers with a postgraduate degree, on the other hand, earn more than those with a bachelor’s degree. Obtaining a Bachelor’s or postgraduate degree can be extremely beneficial for a Revenue Manager.

Matriculants, for example, earn an average monthly salary of R24,400.00 as revenue managers. Revenue managers with a national diploma, on the other hand, earn an average monthly salary of R28,700.00. Revenue managers with a diploma earn 18% more than revenue managers with only a high school certificate. 

Those with a bachelor’s degree earn R41,600.00 per month on average, which is 45% more than those with a diploma. Revenue Managers with a master’s degree earn R54,500.00 per month on average, which is 31% more than Revenue Managers with a bachelor’s degree.

City of Employment 

The city in which a revenue manager works has a significant impact on their salary. Here are the highest-paying cities in South Africa for revenue managers:

#City Average Monthly Salary 
1Johannesburg North, GautengR56,332.00
2Pretoria, Gauteng R45,367.00
3Johannesburg, Gauteng R41,659.00
4Cape Town, Western Cape R34,556.00
5Bloemfontein, Free State R33,285.00

A Revenue Manager’s salary is also influenced by their level of experience in the field. Below, we examine the impact of experience level in greater depth.

Salary of a Revenue Manager based on their level of experience 

Salary of a Revenue Manager with 0 – 2 years of work experience in 2024

A revenue manager with 0–2 years of experience can expect to earn R19,900.00 per month on average. Revenue managers with 0 years of experience earn the least in South Africa and are considered entry-level managers.

The monthly salary of a Revenue Manager with 0 years of experience is R17,500.00. Revenue Managers with 2 years of experience earn the most in this category, with an average monthly salary of R22,100.00.

Salary of a Revenue Manager with 3 – 5 years of work experience in 2024 

A Revenue Manager with 3 to 5 years of experience can expect to earn R26,500.00 per month on average. The salary represents a 34% increase over the average salary of Revenue Managers with 0 to 2 years of experience.

Revenue Managers with three years of work experience earn the lowest salary in this category, with an average monthly salary of R23,400.00. Revenue Managers with 5 years of experience earn the highest salaries in this category, with an average monthly salary of R29,000.00.

Salary of a Revenue Manager with 6 – 10 years of work experience in 2024 

Revenue Managers with 6 to 10 years of experience earn an average monthly salary of R39,200.00. The salary represents a 48% increase over the average salary of Revenue Managers with 3 to 5 years of experience.

Revenue Managers with 10 years of experience earn the most in this category, with an average monthly salary of R42,500.00. Revenue Managers with 6 years of experience earn the least in this category, with an average salary of R37,000.00 per month.

Salary of a Revenue Manager with 11 – 15 years of work experience in 2024 

A Revenue Manager with 11 to 15 years of experience earns an average salary of R47,800.00 per year. The salary represents a 22% increase over the average salary of Revenue Managers with 6 to 10 years of experience.

Revenue Managers with 15 years of experience earn the highest salaries in this category, with an average monthly salary of R50,700.00. Revenue Managers with 11 years of experience earn the least in this category, with an average monthly salary of R44,550.00.

Salary of a Revenue Manager with 16 – 20 years of work experience in 2024 

A Revenue Manager with 16 to 20 years of experience earns R52,100.00 per month on average. The salary is 9% higher than the average salary of Revenue Managers with 11 to 15 years of experience.

Revenue Managers with 20+ years of experience earn the highest salaries, with an average monthly salary of R56,500.00. Revenue Managers with a master’s degree and 20 years of experience can earn up to R82,000.00 per month.

Conclusion

Revenue Managers earn a very high salary and additional income through bonuses. A Bachelor’s or Master’s degree is required to earn a higher-than-average salary as a Revenue Manager.

Related

Rateweb

South Africa’s primary source of financial tools and information

Contact Us

admin@rateweb.co.za

Disclaimer

Rateweb strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions.

Rateweb is not a financial service provider and should in no way be seen as one. In compiling the articles for our website due caution was exercised in an attempt to gather information from reliable and accurate sources. The articles are of a general nature and do not purport to offer specialised and or personalised financial or investment advice. Neither the author, nor the publisher, will accept any responsibility for losses, omissions, errors, fortunes or misfortunes that may be suffered by any person that acts or refrains from acting as a result of these articles.