Royal Bank of Scotland South African investment banking market is one of the emerging markets in the world. The median salary of investment bankers in South Africa is around R 475,000 per annum. Copyright © 2010-2021 GBAF Publications Ltd - All Rights Reserved. South Africa will soon be a great market for investment banking. Second, the fund’s local investment banks in South Africa deal with are all local funds. By closing this banner, scrolling this page, clicking a link or continuing to browse otherwise, you agree to our Privacy Policy, Special Offer - Investment Banking Training (117 Courses, 25+ Projects) View More, Investment Banking Training (117 Courses, 25+ Projects), 117 Courses | 25+ Projects | 600+ Hours | Full Lifetime Access | Certificate of Completion, Services Offered by Investment Banks in South Africa, Recruitment Process of Investment Banks in South Africa, Investment Banking Exit Opportunities in South Africa, investment banks perform sales and trading, guide to exit opportunities in Investment Banks. Does the country have any opportunities for foreign nationals? FirstRand was created in its current form in 1998 through a merger of the Anglo American Corporation of... #3. Other banks in South Africa. Imperial Bank South Africa Investec Bank Limited JPMorgan Chase Bank Mercantile Bank Limited Nedbank Limited Royal Bank of Scotland Sasfin Bank Limited Société Générale South African Bank of Athens Limited Standard Bank of South Africa Standard Chartered Bank State Bank of India Teba Bank … In this article, we will go in detail about all the questions posed above. GBS Mutual Bank. Citibank N.A. Grindrod bank offers financial services to private, corporate, as well as institutional clients based in South Africa. 1 - 70 71-150 1 - … Southeast Asia has become comp… The Top 150 listing is dominated by the 'big four' South African financial giants: Standard Bank, ABSA, Nedbank and FirstRand Group. Investment Banking We are a leading solutions-driven Corporate and Investment bank that offers our clients innovative advisory and financing solutions across multiple industries in sub-Saharan Africa, London and India. And most of the time, when investment bankers talk about investment banking, they only talk about Asian, European, and American investment banking. In smaller teams, the work hours are more and the work-life balance is not healthy. South African Bank of Athens Limited Needless to say, 2019 saw 7 South African banks making it to the list of The Banker’s world’s top 1000 biggest banks, but in 2020, this number has reduced to 5. South African Bank of Athens Limited. Calyon Corporate and Investment Bank. Absa Bank Limited; Albaraka Bank Limited; Habib Overseas Bank Limited; Habib Bank AG Zurich; Mercantile Bank Limited; South African Bank … Now, finally, let’s look at the salary of investment banking compared to the compensation of other professionals. Société Générale Login details for this Free course will be emailed to you, This website or its third-party tools use cookies, which are necessary to its functioning and required to achieve the purposes illustrated in the cookie policy. We also use third-party cookies that help us analyze and understand how you use this website. China Construction Bank Corporation Agriculture as an untapped investment opportunity is set to be a major growth driver over the next few years, surpassing mining and metals. Grindrod Bank Limited. Actually, there are two main differences you would see in the South Africa market –, From these differences, we can find out two major trends in the South African investment market –. Since the resources are very limited, usually, top talents change banks and always try to go to a higher rung. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. 3. All of the funds are of South Africa and some are from the African continent. These cookies will be stored in your browser only with your consent. Thus, the chance for a new graduate who would like to join an investment bank would be great as of now. First National Bank (South Africa) Nedbank; Standard Bank; Liberia Standard Bank. Investec is a strong fifth, but it has a wealthier client base and focuses on both South Africa and the UK. Standard Bank of South Africa Five years down the line, you would be glad that you have joined an investment bank in South Africa if you do because it would be a great place to work in investment banking in the very near future. Here people are very cordial and love to hang out. Top Investment Banks in South Africa. So from the above, we can conclude that the average salary of investment bankers in South Africa is around R 240,000 to 620,000 (the median is R 430,000). Part I: How to be the perfect investment banking candidate Following my recent post covering a broad range of questions about the African investment banking (IB)/private equity (PE) scene, I thought I would cover some questions asked of me in more detail. Deutsche Bank has a long and proud history in South Africa. ... Alpha Bank (1990) 2. Compared to the USA, the salaries in South Africa investment banking market is much lesser. Let’s look at the salaries of investment banks in South Africa –. African Bank: Fixed deposit account: 5.5% – 10.01% – VIEW: African Bank: MyWorld Savings Account: 4.25%: R0: VIEW: Tyme Bank: GoalSave: 4% – 6%: R10,000: VIEW: Capitec: Fixed Savings Account: 4.59 % – 7.76%: R10,000: VIEW: First National Bank: Savings Account: 3% – 7.8%: R0: VIEW: Nedbank: Savings Account: 2.75% – 7.51%: R0: VIEW: Capitec: Global One Savings Account: 2.25%: R0: VIEW: Standard Bank Also, have a look at this detailed guide to exit opportunities in Investment Banks. Having established a representative office more than 40 years ago in 1979, Deutsche Bank today is a fully integrated international investment banking operation based in Johannesburg. Bank of China So, if multinational companies spread their wings and build their offices in South Africa (which some multinational companies already did), there will be a huge opportunity for investment bankers. Development Bank of Southern Africa. But as it happens in developing countries, there is a major disparity among income and lifestyle. List of Top 10 Banks in South Africa #1. Firstly, investment banking in the South Africa market is emerging and a lot of markets are untapped and underutilized. Africa has a global comparative advantage in agriculture, being home to more than half the world’s agriculturally suitable and highly unused land, resources and its vast water resources have hardly been tapped. If you are in South Africa or want to make your mark in investment banking, you have a huge opportunity because first of all, you will be entering into an emerging market and at the same time, there is a great chance of growth in the investment banking market. Mercantile Bank Limited; South African Bank of Athens Limited; Bank of Baroda; Bank of China; Bank of Taiwan; Calyon Corporate and Investment Bank; China Construction Bank Corporation; Citibank N.A. It operates as a subsidiary of FirstRand Group. However. How is the pay structure? And your second preference in education can be a Bachelor of Science. The Standard Bank Group is the largest African banking group by total assets of around R2 Trillion... #2. Standard Chartered Bank. Development Bank of South Africa (DBSA) FNB – First National Bank; FNB BOB Bank; Investec Group; Marriott Merchant Bank; Mercantile Lisbon Bank Holdings; MLS Bank; NBS Bank; Nedbank; Nedcor Group; NRB Group – New Republic Bank; Old Mutual South Africa; Rand Merchant Bank; Saambou Bank; SCMB – Standard Corporate and Merchant Bank; Southern Bank of Africa Limited; Stanbic Africa – Standard Bank Africa Banking Group; Standard Bank of South Africa In 1994, Morgan Stanley, a major global investment bank has opened its first office. This is the first of a multi-part series on the South African IB market. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Apart from South African banks, Egypt, and Morocco banks also featured conspicuously among the largest banks in the continent. As a whole, you would be able to live greatly in South Africa. FirstRand Bank Nedbank Limited First, the investment-grade in the South African market is pretty below par. It operates through three divisions, which are actually three individual banks in South Africa: First National Bank, Rand Merchant Bank, and WesBank. https://en.wikipedia.org/wiki/List_of_banks_in_South_Africa Ide never break into south african investment banking purely because I don’t have a finance degree or a related quant- degree. I know because I’m in the process of finding the best savings bank account myself. These events help people hang out, make connections, do networking, and create new opportunities for each other. Depending on the teams you are working in, you would enjoy a greater/lesser work-life balance. Nigeria’s Zenith Bank Plc also appeared on the top 10 African list and managed position 415 in the world with USD 2.8 Bn. We use cookies to enhance your visit, personalise our content, social media features, ads & to analyse our traffic. Absa bank offers major direct initiatives such as banking solutions and community development projects to the South African community making the bank the second best bank in South Africa in terms of investments and assets. This has been a guide to Investment Banking in South Africa, their services offered, recruitment process, their culture, list of top investment banks in South Africa, salaries of investment banking, Jobs and exit opportunities. Deutsche Bank AG There are four major South African banks: Standard Bank, FirstRand Bank, NedBank, and ABSA, which is majority owned by Barclays (though it may not be for long, given recent news…). In this article, we will talk about the following –. As a result, investment bankers don’t get interested to go to South Africa for building their careers. By Sayantan Mukhopadhyay | Reviewed By Dheeraj Vaidya, CFA, FRM. Standard Chartered Bank Established in 1966, the bank provides retail, commercial, corporate, and investment banking services. In South Africa, people rarely exit from their investment banking firms to other careers. Hongkong and Shanghai Banking Corporation. The culture in investment banking in South Africa is quite diverse. Banks Act 94 of 1990 section 70A(1)(a)–(b). Foreign-Controlled Banks in South Africa. But if you compare the standard of living, it’s pretty low in South Africa and as a result, you will be able to live comfortably within the salary you earn in investment banking. The new generation of Nigerian banks, led by Access Bank, Guaranty Trust Bank, and Zenith Bank, are emerging as dynamic players in regional markets. Second, as the market only deals with smaller funds and local investment banks don’t do business in other continents, there is a huge chance of linking all the market together and deal with larger funds. Bank of Taiwan South African Reserve Bank, Bank Supervision Department Annual Report 2013. In the case of people who work in M&A deals usually, work 16-18 hours per day. Calyon Corporate and Investment Bank South African investment banking market is one of the emerging markets in the world. This category only includes cookies that ensures basic functionalities and security features of the website. First National Bank (FNB) is the oldest bank in South Africa established in 1838. You consent to our cookies if you continue to use our website. Postbank. Let’s have a look at the sequence below. Banks Act 94 of 1990 section 70(2)(a)(i)–(ii). Nedbank. Weekends are generally off. The bank provides banking, investment services, and insurance to commercial, retail, public-sector and corporate customers in South Africa and across the world. But how exactly the market is? South Africa is a signatory to 50 bilateral investment treaties (BITs). It offers these services through Grindrod Bank and Grindrod Asset Management. Grindrod has interest in investment, asset management services, property finance as well as retail services. Types of Trading in South Africa We've collected thousands of datapoints and written a guide to help you find the best South African Brokers for you. Hongkong and Shanghai Banking Corporation. 60% of the world’s uncultivated land is in Africa, while the continent is only responsible for 10% of the world’s agricultural produce. For example, if you work in a bigger team, you will usually work Monday to Friday and you will be working around 70+ hours. List of Banks in South Africa; Banking system in South Africa includes 10 locally controlled banks, 7 foreign controlled banks, 3 mutual banks, 2 co-operative banks as well as over 50 branches and representative offices of foreign banks across the country. As a result, investment banks often sponsor social events, parties, and networking events. With so many banks in South Africa that offer multiple savings accounts each, it can be extremely confusing. CFA® And Chartered Financial Analyst® Are Registered Trademarks Owned By CFA Institute. South Africa The financial services, products or investments referred to on this website are not available to persons resident in jurisdictions where their availability or distribution would contravene local laws or regulations and the information on this website is not intended for use by these persons. Teba Bank Limited. There are few professionals who change careers and their prime options are two. I don’t know what they can say other than it being pointless no matter what. And sometimes, you need to work at weekends as well. Bidvest Bank Limited However, rarely there are all-nighters and 100+ hours of work per week. In fact, South Africa ranks second in the list of countries that are most interested in Bitcoin after Nigeria, according to Google Trends. Imperial Bank South Africa Grindrod Limited Few professionals leave their investment banks and go to executive finance roles in other firms. Capitec Bank Limited It’s emerging and most of the funds are below par, but many foreign banks are assuming the opportunity and creating branch offices to expand their business and attract more investment bankers. Top Investor Types Investment Bank, Accelerator, Angel Group, Government Office, Incubator Top Funding Types Debt Financing , Post-IPO Equity , Private Equity , Grant , Non-equity Assistance Organizations in this hub have their headquarters located in Africa; notable events and people located in Africa are also included. Habib Overseas Bank Limited Necessary cookies are absolutely essential for the website to function properly. This website uses cookies to improve your experience while you navigate through the website. FirstRand. You may also have a look at the following article for learning more about Investment Banking, Copyright © 2021. You also have the option to opt-out of these cookies. Global Banking & Finance Review® is a leading financial portal and Print Magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management. Mercantile Bank Limited With around 36,000 employees, it is headquartered in Sandton. CFA Institute Does Not Endorse, Promote, Or Warrant The Accuracy Or Quality Of WallStreetMojo. Guidance Note 5/2014 issued in terms of section 6(5) of the Banks Act 94 of 1990. FirstRand bank was established in 1998 and has grown to become one of the leading banks in South Africa. Central Bank of Lesotho; Commercial banks. JPMorgan Chase Bank In the global ranking, Chinese banks dominated the top Investec Bank Limited FirstRand Bank Group. Development Bank of Southern Africa: www.dbsa.org ; Land and Agricultural Development Bank of South Africa: www.landbank.co.za; Savings and credit co-operatives (SACCOs) Find a list via the Savings and Credit Cooperative League of SA (SACCOL): www.saccol.org.za ; South African bank-related organizations Hongkong and Shanghai Banking Corporation I was astounded by the lack of information online so I thought I better research my findings. State Bank of India Let’s have a look at the recruitment process –. Softer pound, positive earnings lift FTSE 100, Analysis: Germany bets U.S. will make the best of 'bad deal' Nord Stream gas link, Analysis: Qatar tightens global gas market grip with bold expansion moves, Analysis: Asia's fuel exporters target sales bump as refineries shut Down Under, Oil drops amid rising stockpiles and COVID-19 demand concerns. Subscribe Now. Grindrod Bank (GRDB) – A competitive investment bank serving private, corporate and institutional customers. This makes VBS the 13th bank in almost 30 years to go through the process in South Africa and the first since African Bank’s collapse in 2014. Let’s look at another graph to have a sense of the impact of educational qualification on investment banking salary –. It has handled around more than R1.53 trillion of the total assets for the year ended 2018. South africa is strict on math related degrees even if the blog says differently. The South African Reserve Bank is responsible for issuing monetary policy in South Africa. That’s not surprising considering that South Africans have been on the lookout for alternative investment options to protect themselves against economic and political turmoil that rears its head in the country from time to time. It is rated by GCR and has a stable outlook of BBB+ (ZA). Faida Investment Bank; Francis Drummond & Company; Kestrel Capital; Ngenye Kariuki & Co; NIC Bank Group; Old Mutual; Renaissance Capital; SBG Securities; Standard Investment Bank; Sterling Capital; Suntra Investment Bank; Lesotho Central bank. In the case of traders in investment banks, they work from 7 a.m. to 5 p.m. from Monday to Friday. But opting out of some of these cookies may affect your browsing experience. Sasfin Bank Limited Local investment banks limit their services to the top few. Context of foreign investment in South Africa : the country's strength, market disadvantages, foreign direct investment (FDI) and figures (FDI influx, stocks, performance, potential, greenfield investments). Thus, the chance for a new graduate who would like to join an investment bank would be great as of now. Investment banking in South Africa is not that popular. It is mandatory to procure user consent prior to running these cookies on your website. To see the conventions, click here. Deutsche Bank AG; JPMorgan Chase Bank; Société Générale; Standard Chartered Bank; State Bank of India; Hongkong and Shanghai Banking Corporation; Royal Bank of Scotland; GBS Mutual Bank; VBS Mutual Bank; Development Bank of Southern Africa Let’s have a look at the most important services investment banks offer in South Africa –. But there are exceptions. The investment banking in South Africa is much different than the USA, the UK, and other Asian markets. what does M&A have to say about this? From the above graph, we can see that if you have a bachelor degree in B.Com, your chances of success in investment banking are higher. These cookies do not store any personal information. Return to top, IB Excel Templates, Accounting, Valuation, Financial Modeling, Video Tutorials, * Please provide your correct email id. You will be able to save a lot and will enjoy a comfortable life by working in investment banks. BNP Paribas In 1994, Morgan Stanley, a major global investment bank has opened its first office. Newsletters with Secrets & Analysis. Now, let’s look at the top investment banks in South Africa which you can aim to join in the near future –, The recruitment process is similar to the USA’s investment banking market. But how the South African investment banking market looks like! Cape Investment Bank …