Qualifying Criteria (2024)

Criteria for Investec young professional banking

If you are under the age of 30, consistently earning more than R600 000 a year, with a university degree and working in your area of expertise, you may qualify for our Private Banking offering.
However, if you meet the criteria for the following careers and are under the age of 30, you may also qualify to bank with us.

Actuary

Attorney

If you are a candidate attorney, working at a recognised legal firm and earn between R300 000 and R550 000 a year, you may qualify for a Private Bank Account for young professionals at a reduced fee until you turn 30 years of age.

Chartered accountant (CA)

If you are a trainee CA, with a CTA and working at a SAICA-approved firm, you may qualify for a Private Bank Account for young professionals at a reduced fee until you turn 30 years of age.

Engineer

If you are an engineer, working at a recognised and preferred engineering firm and earn R600 000 a year, you may qualify for a Private Bank Account for young professionals at a reduced fee until you turn 30 years of age.

Medical intern

If you are a medical intern or working in community service for the Department of Health and earn R600 000 a year, you may qualify for a Private Bank Account for young professionals at a reduced fee until you turn 30 years of age.

Medical specialist

If you are a medical specialist or registrar working towards becoming a specialist, you may qualify for a Private Bank Account for young professionals at a reduced fee until you turn 30 years of age.

Pilot

If you are a pilot or first officer working for SAA or Comair, and earn more than R600 000 a year, you may qualify for a Private Bank Account for young professionals at a reduced fee until you turn 30 years of age.

A Private Banking experience that's all about you: Criteria for Investec Private Banking. If you meet the criteria below, you may qualify for our Private Banking offering.

You are a salaried degreed professional

• Working for a preferred employer
• Basic salary of R800 000 per year
• A bonus with a three-year track record could be included in the total earnings of R800 000 per year
• Commission earners must have a three-year track record, with minimum consecutive earnings of R1 million per year
• Foreign Temporary Residents with work permits and related work contracts at a preferred employer, with earnings of R1.5 million or more (excluding allowances)
• STA who work for a preferred employer, with a basic salary of R1 million per year

You work in these sectors, meeting these criteria

ACCOUNTING

• Trainee accountant with CTA honours degree, enrolled for articles at a SAICA approved firm
• Chartered Accountant CA (SA)

MEDICAL

• Qualified medical specialists - no earnings criteria
• Registrars, enrolled and specializing in a specific discipline
• Medical Interns (MBChB), Individuals doing Community Service and Medical Officers employed at Department of Health
• Self-employed medical professionals, including GPs and dentists with a 3-year track record of minimum earnings of R800k per annum

ACTUARIAL SCIENCE

• Admitted Actuarial Fellows
• Acturial Students with Honours degree OR passed at least 9 exams and employed at Actuarial
• Training Office

PILOTS

• Pilots and first officers, employed at SAA (including Mango and SA Express) or Comair (including BA and Kulula), with minimum earnings of R600 000 per year

CONSULTING FIRMS

• Management consultants, from business analyst level and above, employed at McKinsey, Bain, Partners in Performance or Delta Partners, with minimum earnings of R450 000 per year- Johannesburg only

LEGAL

• Candidate attorneys working at one of the selected law firms, with minimum earnings of R300 000 per year
• Associates or senior associates, working at specified law firms per region, with minimum earnings of R550 000 per year

IT

• Current preferred list of employers OR IT employers list
• Minimum of 1 year Graduate Programme - no earnings criteria
• A Degree in;
• BSc CompSci, Information Systems. Engineering
• A Diploma in;
• Dip: ICT Web & App Development, Dip: Software Development, CompSci

You have no formal qualification, but you meet these criteria

Individuals who have been in the same industry for more than 10 years, working at a preferred employer, earning more than R1 million per year.

IT professionals with no degree or diploma, with a three-year track record of earnings of more than R800,000 per year.

You are a self employed degreed professional, and you meet these criteria

• Individuals who work in an area of expertise and belong to a professional body. This includes advocates, general practitioners, dentists, accounting professionals and engineers
• Owner or part of a professional practice
• Minimum earnings of R800 000 per year
• Three-year track record of earnings

OR

• Tangible personal NAV of R10 million, excluding business
• NPAT of R2.5 million in core business OR
• Draw a personal income from the business in excess of R2mil per annum
• Three-year track record
• Audited financials required