Editor LauraEconomic and management science (EMS) is a rapidly growing professional field. With an increasingly competitive job market, finding the right EMS salary can be difficult.
An Economist in South Africa earns an average income of R900,416 a year and R433 an hour. The average salary range for an Economist in South Africa is between R613,183 and R1,102,109. If you’re looking for a rewarding career in EMS, read on for all the information you need to know.
Economic And Management Science Salaries In South Africa
In general, economic and management science salaries in South Africa are relatively high. However, the pay can vary depending on the location, experience and qualifications of the individual. In some areas, such as Johannesburg and Cape Town, salaries are higher than in other areas of the country.
The average salary for an economist in South Africa is R900,416 a year and R433 an hour in South Africa. Furthermore, the average salary range for an Economist is between R613,183 and R1,102,109.
A Comparison Of Economic And Management Science Salaries In South Africa
What are the average salaries for economists and management scientists in South Africa? According to a recent report from the job search website Indeed, economists earn a monthly salary of R31,623 while management scientists earn a monthly salary of R56,530. However, these figures vary depending on experience and qualifications.
According to the report, the most popular area of study for economists is finance and accounting. This is followed by marketing and business administration. Management science degrees are most commonly offered in engineering and computer science.
What is Economic And Management Science?
Economic and Management Science (EMS) is a field of study that emphasizes the application of quantitative methods for economic analysis and decision-making.
EMS graduates are in high demand, as the field is constantly growing and changing. Some employers may offer more lucrative packages depending on the specific position and company.
What are the different types of jobs in EMS?
There are different types of jobs in EMS, and the salary you can expect to earn will vary depending on the position. The most common type of job in EMS is the research scientist. A research scientist typically earns a higher salary than a business analyst or data analyst because they are responsible for conducting original research. They may also be responsible for developing new methods or tools and often work on projects that have not been done before.
Another common type of job in EMS is the business analyst. A business analyst typically works with businesses to help them understand their finances, determine where they should grow, and make decisions about how to allocate their resources. They may also be involved in analyzing data to find trends or patterns.
The last common type of job in E&MMS is the data analyst. A data analyst typically works with large amounts of data to find trends or patterns. They may also work with businesses to help them improve their marketing strategies or increase their sales volumes.
Salaries in EMS
South Africa has long been known for its beautiful scenery, rich culture and vibrant economy. It is also home to some of the most competitive job markets in the world.
According to the latest report from The Economist Intelligence Unit (EIU), South Africa ranks sixth out of 61 countries surveyed in terms of salary potential in EMS. The country is also ranked fourth in Africa and ninth globally when it comes to salary potential in management sciences.
Average salaries in EMS are R75,043 per month. In addition, South Africa is home to several multinational organizations that offer lucrative salaries and benefits packages for their employees.
The EIU report also indicates that there are ample opportunities for career growth in South Africa’s E&MS sector. And with a population of over 50 million people and an increasing GDP, the market for E&MS professionals is only set to grow.
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Conclusion
There is a shortage of Economic and Management Science professionals in South Africa. According to the 2023 Salary Report, EMS professionals earn an average salary of R900,416 per year, which makes it one of the high-paying professional disciplines. The top five EMS salaries in South Africa are:
1.R46,656 – Financial Analyst
2.R41,759 – Audit Manager
3.R41,528 – Business Analyst
4.R49,584 – Corporate Finance Manager
5.R44,700 – Data Analyst
South Africa is a country with a rich history and culture. With over 50 million people living in the country, there is always an opportunity for those who are looking to start a career in economics or management science.
We hope that our information will help you make an informed decision about whether or not pursuing an economics or management science degree is right for you.