If you’re seeking for the greatest bank in terms of pay, you’ve come to the right place since we’ve compiled a list of the country’s highest-paying banks. The figures provided may, however, vary significantly based on your position in the bank.
Highest Paying Banks In Nigeria
Below are the highest-paying banks in Nigeria:
1. Bank Access
Access Bank is the highest-paying commercial banks. Access Bank has grown to become one of the country’s biggest banks after combining with Diamond Bank.
The bank currently employs over 10,000 employees and is considered one of the highest-paying in the country. According to our results, Access Bank pays over $ ₦300,000 per month to entry-level staff.
2. First Bank Nigeria
The First Bank of Nigeria Plc is a Nigerian public limited company and financial institution.
This bank is unquestionably one of the finest paying in the country. It is a Nigerian multinational commercial bank and financial services firm headquartered in Lagos. The bank specializes on retail banking and caters to Nigeria’s largest consumer base.
First Bank pays entry-level staff an estimated ₦250,000 per month, in addition to various allowances and benefits.
3. Guarantee Trust Bank
GTBank (Guarantee Trust Bank) was founded in 1990. They presently have branches in all 36 states of Nigeria, as well as in Côte d’Ivoire, Kenya, Liberia, Gambia, Ghana, Nigeria, Rwanda, Sierra Leone, Uganda, and the United Kingdom.
The bank appears to be the most popular in the country, especially among the young. According to sources, the GTB pays its entry-level staff approximately ₦208,000 per month, plus numerous benefits and allowances.
4. Zenith Bank Plc
Zenith Bank Plc is one of Nigeria’s safest banks, paying the fifth highest salary in the country. The bank was founded by Jim Ovia in May 1990, and it now has branches in Ghana, Nigeria, Sierra Leone, South Africa, and the United Kingdom. Zenith Bank’s ebtry-level workers are currently paid well over ₦180,000 per month.
5. Fidelity Bank Plc
Fidelity Bank offers the finest remuneration package in Nigeria. In 2013, the bank, which was founded in 1988, had a total asset worth of more than $6 billion.
The bank was ranked the fourth best bank in Nigeria in the general merchandise market sector by the KPMG Banking Industry Customer Satisfaction Survey (BICSS) in 2017.
Fidelity pays its entry-level employees around ₦180,000 per month. This makes them one of the country’s best-paying commercial banks.
6. Union Bank Of Nigeria
The Union Bank of Nigeria Plc is a Nigerian public limited company and financial institution.
Union Bank, which was founded in 1917, is also one of the country’s oldest banks. Colonial Bank was the initial name, however it was changed to Barclays Bank when Barclays Bank purchased Colonial Bank in 1917.
Two of the bank’s subsidiaries are Union Bank United Kingdom Plc and Union Bank United Kingdom Plc.
Union Bank is another of Nigeria’s best-paying banks, with a monthly salary of ₦180,000 Naira for entry-level staff.
7. Sterling Bank Plc
One of Nigeria’s most well-known banking institutions is Sterling Bank. Despite the fact that some of the bank’s employees are contract workers, the bank employs approximately 2000 people.
The Nigerian Central Bank has licensed Sterling as a comprehensive countrywide commercial bank. The bank is one of the best-paying in the country. The starting salary for entry-level employees at Sterling Bank is ₦145,000.
Ecobank Nigeria is a subsidiary of Ecobank, a major independent pan-African bank with locations in West, Central, and East Africa.
The bank, which first opened its doors in 1985, today has over 1,000 locations, employs over 10,000 employees, and operates in 32 countries.
For entry-level employees at Ecobank, the beginning wage is ₦141,000 per month.
9. United Bank For Africa
The United Bank for Africa, or UBA, was founded in 1949. The bank has facilities in 20 African countries and three global financial centers: New York, London, and Paris. It is currently one of Nigeria’s oldest banks.
UBA pays its entry-level employees ₦125,000 a month as a financial institution. As a result, they are among the best-paying commercial banks in the country.
10. Lapo Microfinance Bank
LAPO Microfinance Bank is another high-paying microfinance institution in the country. The Microfinance Bank pays its employees a starting salary of ₦104,000.
In response to the effects of the Structural Adjustment Programme (SAP) implementation in 1986, Godwin Ehigiamusoe created LAPO MfB as a non-governmental organization (NGO) in the late 1980s.
The bank now has over one million customers and is authorised by the Central Bank of Nigeria to operate as a National Microfinance Bank.
11. Ab Microfinance Bank
One of the best-paying microfinance institutions in the country is AB Microfinance Bank. At AB Microfinance Bank, pay structures, compensation cutoffs, and structures are exclusively determined by localities, job titles, job descriptions and qualifications, and even organizational standards, as is common.
According to our research, the usual remuneration for an AB microfinance Bank employee varies depending on the job description and role. The Microfinance Bank compensates its entry-level staff at least ₦100,000 per month.
Because of the high pay and simple entry requirements, banking is one of the first careers that young graduates pursue. This isn’t only wonderful news for graduates; it’s also fantastic news for everyone interested in a career in finance.
This paper should assist you in making an informed decision on where you wish to work in the industry. This comes as we highlight the finest commercial and microfinance banks to work for in Nigeria.
Furthermore, if you’re wondering which financial institution would pay you the most, you’ve come to the right place because we’ve compiled a list of the greatest wages banks in the country. You should be aware, however, that the data provided may vary greatly depending on the conditions.