Top 10 Highest Paying Banks in Nigeria (2020)

Bank jobs are one of the most wanted job in Nigeria. In this post, we shall look at the top 10 highest paying banks in Nigeria.

One of the reasons many people seek bank jobs is because of high salaries and nice working environment.

In Nigeria, there are over 20 banks which includes microfinance and investment bank. Check out the list of all the commercial banks.

Since every bank wants to survive in a market with strong competition, they need best employees that will help to achieve that goal. It is for that same reason banks pay high salaries to their staff.

It is important to note that not all banks pay high. However, this article will show you the highest paying banks in Nigeria and how much they pay their staff.

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Top 10 highest paying banks in Nigeria

Below is the list of highest paying banks in Nigeria;

1. Diamond Bank/Access Bank

Diamond bank is acquired by Access bank. This bank was founded in the year 1990. It has branches in Nigeria, Benin Republic, Cote d’Ivoire, Senegal, Togo and the United Kingdom.

The bank had a total asset of $7.3 billion (about ₦1.7 trillion) as at December 2012. Access bank acquired Diamond bank in 2019, but before then Diamond was known to be one of the highest paying banks in Nigeria.

Access bank is also one of the highest paying banks in Nigeria. They pay entry level staff about ₦170,000 (after removing taxes and other deductions).

2. Heritage Bank

After acquiring the defunct Societe General Bank of Nigeria, Heritage bank has been rising in the financial industry. Heritage bank pays entry level staff about ₦145,000 (after removing all taxes and other deductions).

3. Guarantee Trust Bank (GTB)

The Guarantee Trust Bank commonly called GTB was founded in 1990 and has branches in Kenya, Ghana, Uganda, Gambia, Liberia, Rwanda, Sierra Leone, Cote d’Ivoire, Nigeria and United Kingdom. GTB has been in the financial market for about 30 years.

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This bank is very popular in Nigeria and many people like it because it is constantly developing and bringing innovations.

GTBank is also considered one of the highest paying banks in Nigeria. They pay their staff about ₦180,000 per month.

4. First Bank of Nigeria (FBN)

Just as the name implies, First Bank has existed for over a century, and it remains one of the top paying banks in Nigeria.

First bank has branches in every nook and cranny of Nigeria making it the best option for people in Nigeria.

The entry level staff in First Bank earn between ₦250,000 and ₦300,000 gross income per month (when taxes and deductions are not taken out).

5. United Bank for Africa (UBA)

Who doesn’t know UBA in Nigeria? This is one of the best bank we have in Nigeria. This bank was founded in 1949 and has a history of over 69 years.

The bank has branches in about 19 countries in Africa, no wonder it is called ‘United Bank of Africa’

UBA is also one of the top paying banks in Nigeria. According to a reliable source, entry level workers in UBA are paid around ₦125,000 per month.

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6. Ecobank

This bank has been existing since 1986, and it is a good place to start and build a successful career in Nigeria.

EcoBank pays entry level staff about ₦140,000 per month. It is also expected that employees have an increase in pay as they grow.

7. Fidelity Bank Plc

The bank was founded in 1988. In 2013, Fidelity bank recorded a total asset of over $6billion.

This bank will also help its workers to build a successful financial career. It has over 240 branches across the country.

New entry level staff receive between ₦110,000 and ₦116,000 per month. As the employees develop professionally, it is expected that the salary increase.

8. Zenith Bank Plc

The bank was established in May 1990 by Jim Ovia. Zenith bank has branches in, Nigeria, Sierra Leone, South Africa, Ghana and UK. This Bank pays its new level workers about ₦108,000 monthly.

9. Union Bank Of Nigeria Plc

This is among the highest paying banks in Nigeria. Union Bank has been in existence in Nigeria since 1917.

It is one of the oldest banks in Nigeria with a total asset evaluation of $6.784 billion as of 2012. Union bank pays new entry staff from ₦150,000 to ₦180,000.

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10. First City Monument Bank (FCMB)

This bank has a long history because it has been in existence since 1962. Entry level staff are paid about ₦115,000 per month, while analysts at top positions earn over ₦500,000.

The banks listed above are the top 10 highest paying banks in Nigeria. You can ask us questions in the comment section below.

Updated: April 6, 2020 — 4:10 pm

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Humphery

Humphery is a seasoned internet entrepreneur and a life coach. He has been the Nyscinfo ambassador since 2017. He is knowledgeable enough to guide you. Keep following this website for updates, we love you!

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