Have you been longing to know how much the Staff at First City Monument Bank (FCMB) receive monthly? If ‘yes’, this post will show you the current FCMB salary structure.
For those with the intention of working in the banking sector, it is very necessary to know how much to expect from the bank you intend working with. In most cases, during the interview session, you might even come across such questions like “How much do you intend receiving as your salary?”.
This alone is enough reason why you should know the salary structure, so you can give your answer in line with their salary structure (not above what they pay staff of your level, and not below as well).
When talking about the top ten (10) highest paid banks in Nigeria, FCMB must surely be included. The bank pays her staff well, compare to most of the prominent banks in the banking sector. You can check out top 7 highest paying Banks in Nigeria & salary amount.
Brief History of the FCMB
FCMB which is an acronym for First City Monument Bank was established in the year 1977, as City Securities Ltd. In the year 1982 (April 20th to be precise), the bank became a licensed firm and came up with the name First City Merchant Bank.
After some years, the Merchant in it’s name was then changed to Monument around 2001, due to some upgrades in the banking firm.
The FCMB Salary Structure
The salary structure of the First City Monument Bank, will be categorized based on the positions/level of staff working with the bank. Below are the various level, and what they receive monthly;
1. Graduate Trainee
You barely come across a banking firm that doesn’t have graduate trainee working with them. It is so compulsory to train any graduate that intend working with a particular bank, as they need to be exposed to the dealings in the sector.
For FCMB, their graduate trainee are being trained for a duration of four (4) months, while they receive the sum of forty six thousand naira (N46,000) on monthly basis.
2. Contract Staff
Those that falls under this category also receive an attractive pay from the bank, and the kind of persons that work as contract Staff include; Corp members of the NYSC scheme, students running internship program, and also individuals who have the passion to work in the sector but with limited knowledge.
These persons are being paid within Fifty eight thousand naira (N58,000) to Sixty three thousand naira (N63,000) as their monthly pay.
This is the first level of the major staff, and they are assign with basic tasks. Successful trainees will qualify to work at this level, and benefit the increment in their salary. Staff working in this category receives One hundred and fifteen thousand naira (N115,000), as their monthly pay.
4. Customer care Service Representative
Those working as customer care representative are paid within One hundred and fourteen thousand naira (N114,000) to One hundred and twenty four thousand naira (N124,000) on monthly basis.
5. Relationship Officer
Those working under this portfolio receives two hundred and sixty-seven thousand naira (N267,000) to two hundred and ninety thousand naira (N290,000) as their monthly salary.
6. Loan Officers
Those working as loan officers in FCMB are paid five hundred and forty-one thousand naira (N541,000) every month.
7. Credit Analysts
For you to work as a credit analysts in any banking firm, you must have accumulated enough experience, and also be able to work under pressure. Those working in this office receives the sum of three hundred and twenty thousand naira (N320,000) monthly.
Marketers in FCMB are paid within Thirty eight thousand naira (N38,000) to Forty five thousand naira (N45,000) every month.
9. Branch Manager
This is the highest position, and aside the attractive allowances the branch manager gets, the main salary he/she receives on monthly basis is six hundred and ninety thousand naira (N690,000).
It is our pleasure to also let you know that the location of the branch also matters, as it plays a vital role when it comes to the payment staff receives. But the basic salary is what we have been able to draft out in this very post.
Hopefully, you have gotten the necessary information about the salary structure of the bank FCMB. You can explore our site for similar posts, and as well share with others.