Check out the salary structure of bank workers in top paying banks in Nigeria. Of course you should know that different banks put their staff on different salary scales. Therefore, this post lists top highest paying banks in Nigeria.
A bank is a financial institution that provides loans to the public and also collects funds from their customers to keep for them. Aside from these two main functions of the bank, the bank also performs some other functions such as currency exchange, payment of bills such as electricity bills, and cable subscription bills. Although, the functions of the bank evolve as technology advances.
The bank is an employment opportunity providing firm. Many job seekers seek to be employed in a bank because they believe that bank are high paying firms where they can exchange their services for a sustainable income. You may also like to check: top 20 highest paying jobs in Nigeria.
However, that belief is not wrong because financial institutions pay their workers well. This article will focus on top-paying banks in Nigeria.
Therefore, if you seek to work in a bank, go through this list as it will enable you to make the best choice regarding your job’s pay.
This is because aside from interest, another good reason people work is to get the money both for their sustenance and to improve their overall standard of living. Also check out: Nigerian Breweries Salary Structure, and how to join them.
Top paying Banks in Nigeria
Find below the highest paying banks in Nigeria:
1. Eco bank
Eco bank was formerly known as “oceanic bank”. This bank is a pan African bank that has branches In French-speaking countries. Currently, Ecobank is the richest bank in Nigeria.
The bank has been growing in assets. From last year’s report, Eco bank has total assets of N 7.84 Trillion, which has increased by 4% this year.
Therefore, Eco bank can afford to pay its employees well. There are hierarchies in the banking system, and employees usually move from one stage to another. Below is the salary scheme for each level:
Level 1: (graduate trainee) Eco bank pays people at this level a sum of ₦49,000 per month.
Level 2: (entry-level staff) Eco bank pays ₦141,000 to staff at this level per month, with other allowances.
Level 3: (loan officer) staff on this position are paid ₦663,000 per month, with other allowances.
Level 4: (credit analysts) staffs in this category take home a sum of ₦747,000 at the end of the month other allowances.
Level 5: (branch manager) the branch managers get ₦846,000 monthly, with an official car and other allowances.
2. FCMB (First City Monument Bank)
The bank was established in 1982. It has a long history and can be called a trusted place to work for. Its list of services includes investments, corporate and retail banking, and its employees can expect to receive good salaries once they grow to leadership positions.
Just like other banks, there are hierarchies in service for FCMB workers. And the workers are paid according to their hierarchy.
Level 1: (graduate trainee) FCMB pays people at this level a sum of ₦46,000 per month.
Level 2: (entry-level staff) FCMB pays ₦115,000 to staff at this level per month, with other allowances.
Level 3: (loan officer) staff on this position are paid ₦541,000 per month, with other allowances.
Level 4: (credit analyst) staff in this category take home a sum of ₦610,000 at the end of the month, with other allowances.
Level 5: (branch manager) the branch manager gets ₦690,000 monthly, with other allowances.
3. Access Bank Nigeria PLC
This bank is one of the leading biggest commercial banks in Nigeria, it was established in 2002. The merger of assess bank with Diamond bank in 2019 makes assess bank the biggest bank in Africa.
Access bank is one of Nigeria’s highest paying banks. They also pay according to their employee’s job status. Access Bank is currently one of the highest paying bank in Nigeria.
Level 1: (graduate trainee) Access bank pays people at this level a sum of ₦43,000 per month.
Level 2: (entry-level staff) Access bank pays ₦115,000 to staff at this level per month, with other allowances.
Level 3: (loan officer) staff on this position are paid ₦541,000 per month, with other allowances.
Level 4: (credit analyst) staffs in this category take home a sum of ₦610,000 at the end of the month other allowances.
Level 5: (branch managers) the branch managers get ₦690,000 monthly, with other allowances.
4. First Bank of Nigeria (FBN)
As the name implies, First bank was the first financial institution in Nigeria. It was founded In 1894 with the headquarter located in Lagos. First bank has a high customer base and the bank has been providing good financial services to its customers. Like the other banks I have mentioned earlier, the first bank also pays its employees well. We will explore the bank’s salary scale below.
Level 1: (graduate trainee) First bank pays people at this level a sum of ₦58,000 per month.
Level 2: (entry-level staff) First bank pays ₦120,000 to staff at this level per month, with other allowances.
Level 3: (loan officer) staff on this position are paid ₦420,000 per month, With other allowances.
Level 4: (credit analyst) staff in this category take home around ₦600,000 – ₦720,000 at the end of the month other allowances.
Level 5: (branch manager) the branch manager gets ₦920,000 on a monthly basis, with other allowances such as an official car, a house, traveling allowance, and other petty bites into the company’s profit.
5. GTB (Guarantee trust bank)
Guarantee trust bank is one of the Nigerian banks where one might be willing to work for their attractive salary structure. GTBank was founded in 1980, and so far, it has several branches in Nigeria and across Africa with its headquarters at Victoria Island Lagos State. This bank is known for a high range of satisfaction.
Level 1: (graduate trainee) GTbank pays people at this level a sum of ₦200,000 per month. This is higher than that of any bank.
Level 2: (entry-level staff) GTbank pays ₦209,000 to staff at this level per month, with other allowances.
Level 3: (assistant banking officer) staff on this position are paid ₦250,000 per month, with other allowances.
Level 4: (banking officers) GTB pays a sum of ₦350,000 monthly to the staff at this level.
Level 5: (senior banking officer) they earn around ₦500,000 monthly.
Level 6: (Assistant manager) they earn ₦650,000 monthly.
Level 7: (deputy manager) they earn a sum of ₦800,000 monthly.
Level 8: (branch manager) ₦1.3 million monthly.
Aside from the basic salaries, GTB also gives other juicy allowances to her workers.
6. UBA (United Bank for Africa)
We can’t mention the top-paying banks in Nigeria without including UBA. UBA has been ranked high because of their salary structure, UBA was established in Nigeria in 1949. The bank has many category of workers and these workers are paid as follows:
▫ Account Officer: ₦163,000
▫ Accountant: ₦48,000
▫ Administration and Logistics Officer: ₦38,000
▫ Administration Officer: ₦38,000
▫ Assistant Banking Officer: ₦328,000
▫ Banker: ₦78,000
▫ Branch Cluster Manager: ₦728,000
▫ Customer Care Personnel: ₦76,000
▫ Customer Care Officer: ₦71,000
▫ Customer Care Representative: ₦67,000
▫ Customer Service Officer: ₦79,000
▫ Driver: ₦54,000
▫ Executive Trainee: ₦135,000
▫ Facility Manager: ₦114,000
▫ Field Engineer: ₦57,000
▫ Fraud analyst: ₦285,000
▫ Funds Transfer Officer: ₦135,000
▫ Graduate Trainee: ₦86,000
▫ Internal Control Officer: ₦163,000
▫ Office Administrator: ₦36,000
▫ Relationship Manager: ₦245,00
▫ Relationship Officer: ₦408,000
▫ Sales and Marketing Manager: ₦135,000
▫ Social Media Team Member: ₦78,000
▫ Social Media Analyst: ₦95,000
▫ Software Tester: ₦143,000
▫ Team Support Officer: ₦181,000
▫ Teller: ₦67,000
▫ Graduate Intern: ₦48,000
▫ Technical Helpdesk: ₦156,000
▫ Front Desk Teller: ₦48,000
▫ Resident Internal Controller: ₦135,000
▫ Business Development And Marketing Officer: ₦328,000
▫ Head Teller: ₦135,000
▫ Systems Analyst: ₦155,000
▫ Information Technology Risk Management Officer: ₦155,000
▫ Front Teller: ₦60,000
▫ Executive Driver: ₦57,000
▫ Team Member Tax: ₦161,000
▫ Business Associate: ₦95,000
▫ Team Member, Human Resources: ₦70,000
▫ Digital Banker: ₦29,000
▫ Technical Support Officer: ₦66,000
▫ Head-Marketing And Corporate Communications: ₦333,000
▫ Head Marketing: ₦119,000
▫ Digital Champ: ₦29,000
7. Zenith Bankank PLC
This is one of the oldest and most stable banks in Nigeria. It has been established in May 1990 and commenced banking operations in July of the same year. Zenith bank is one of the highest paying banks in Nigeria. They pay their staffs as follows:
Level 1: (internship) Zenith bank pays ₦35,000 to their internship staff.
Level 2: (graduate trainee) This group receives ₦42,000 monthly.
Level 3: (entry level staffs) they get ₦110,000 monthly.
Level 4: (customer service officers) their salary is ₦100,000 monthly.
Level 5: (marketers) marketers in Zenith bank receives ₦155,000 monthly.
Level 6: (executive assistant) this group of people receives between ₦150,000 – ₦180,000 monthly.
Level 7: Banking officers and collect between ₦390,000 – ₦420,000 monthly.
Level 8: loan officers: earn up to ₦510,000 monthly.
Level 9: relationship manager: their salary is ₦560,000 monthly
Level 10: credit analyst: their salary is around ₦575,000 monthly.
Level 11: (Branch manager) they earn the highest amount monthly. Branch managers in Zenith bank earn around ₦700,000 monthly.
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