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What Nigerian Banks Pay Their Workers - Career - Nairaland

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What Nigerian Banks Pay Their Workers by kazmanbanjoko(m): 1:37pm On Jul 29, 2015
The banking sector in Nigeria is one of highest paying sector as far as salaries are concerned. What banks pay their workers however differs from bank to bank. This is partly due to the fact that there are no particular regulations that stipulate what private organisations should pay their workers. Also, the financial strength, customer base and performance of the bank are other factors responsible for how much a bank pays.
Here is what some banks pay their staff in Nigeria.

1. Zenith Bank

Zenith bank which is regarded as one of the most stable and reliable banks in Nigeria as of today pays its entry level staff about N110,000 (One hundred and ten thousand) monthly, which comes to about N1,320,000 (One million, three hundred and twenty thousand Naira) per annum. This is reasonably good enough for young graduates who know what they are doing. Suffice to say that this payment subsists only for the probation period of about a year, after which the salary increases.

2. First Bank

As the name implies, First Bank is seen by many as the strongest bank in Nigeria and the bank has many achievements to prove this point. First Bank’s pay for its entry level staff goes between N90,000 to N110,000 monthly depending on department or unit. And this increases with confirmation and as you grow in rank within the system. Though FBN is the oldest bank in Nigeria, many people still prefer to work there because they believe that the chances of job security here are higher than some new generation banks.

3. GTBank

GTB stands as the bank of the masses, yet maintaining a very positive and professional outlook. GTB pays her staff at entry level the sum of N209,000 per month after confirmation, which makes it one of the highest paying banks in Nigeria.

4. Skye Bank

Skye Bank is also one of the oldest banking institutions in Nigeria, considering their antecedents. Skye Bank uses age 24 as the benchmark for entry level employees and pays N2.7 million per annum after confirmation.

5. Fidelity Bank

Fidelity is one of the new generation banks, but has done quite well within a short period of its existence. The bank started as a Mortgage bank in 1988 and converted to a commercial bank in 1990. On the salary scale, it is doing pretty well too for its staff. Fidelity pays about N140,000 monthly at entry level, an amount many young graduates will agree is good enough to start planning life with in Nigeria.

6. Central Bank of Nigeria

It is also good to know what the apex bank pay its staff. CBN does one month training for its new intakes and pays N122,000 per month afterwards. This is aside the many mouth-watering allowances. Many industry watchers say CBN is the master when it comes to allowances. So what is lacking in actual salary is made up for in allowances.

Do you work in a bank or have relations working there? You can add a comment to give us an idea how much the bank pays.

http://www.nigerianbulletin.com/threads/what-nigerian-banks-pay-their-workers.115180/#post-127032

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Re: What Nigerian Banks Pay Their Workers by Gboliwe: 1:41pm On Jul 29, 2015
I don't agree with you on Fidelity bank. As at 2013, entry level was N80k. When did it sky rocket to 140k?

62 Likes 1 Share

Re: What Nigerian Banks Pay Their Workers by kazmanbanjoko(m): 1:43pm On Jul 29, 2015
Skye bank na their baba.




Lalasticlala, do the needful.

8 Likes 1 Share

Re: What Nigerian Banks Pay Their Workers by kazmanbanjoko(m): 1:45pm On Jul 29, 2015
Gboliwe:
I don't agree with you on Fidelity bank. As at 2013, entry level was, 80k. When did it sky rocket to 140k?
The difference is d years (2013 - 2015), wont they make profit since 2013.

60 Likes 4 Shares

Re: What Nigerian Banks Pay Their Workers by Jibbie28(f): 1:51pm On Jul 29, 2015
ok

1 Like 2 Shares

Re: What Nigerian Banks Pay Their Workers by Abbeyme: 2:08pm On Jul 29, 2015
kazmanbanjoko:
The difference is d years (2013 - 2015), wont they make profit since 2013.

And all profits would go into staff cost?

Ta!

97 Likes 1 Share

Re: What Nigerian Banks Pay Their Workers by Rawshal(m): 2:08pm On Jul 29, 2015
Good to know dis

1 Like 1 Share

Re: What Nigerian Banks Pay Their Workers by Asito(m): 2:17pm On Jul 29, 2015
Kkz

1 Like 1 Share

Re: What Nigerian Banks Pay Their Workers by GlorifiedTunde(m): 2:17pm On Jul 29, 2015
undecided

1 Like

Re: What Nigerian Banks Pay Their Workers by DeHero1: 2:18pm On Jul 29, 2015
Skye Bank... saying YES to your needs.


^^^
with my money

44 Likes 5 Shares

Re: What Nigerian Banks Pay Their Workers by bmxshop: 2:18pm On Jul 29, 2015
Rep to my bank - Skye Bank.

8 Likes

Re: What Nigerian Banks Pay Their Workers by holyokoto(m): 2:19pm On Jul 29, 2015
wrong evaluations for entry staffs

9 Likes 1 Share

Re: What Nigerian Banks Pay Their Workers by kennyman2000(m): 2:19pm On Jul 29, 2015
Hmmm.. How about the contract staffs?

8 Likes 2 Shares

Re: What Nigerian Banks Pay Their Workers by ETHIX(m): 2:20pm On Jul 29, 2015
Zenith entry level is contract and they are paid 75k

70 Likes 5 Shares

Re: What Nigerian Banks Pay Their Workers by SweetOlive(f): 2:20pm On Jul 29, 2015
Nice

1 Like 2 Shares

Re: What Nigerian Banks Pay Their Workers by Israel5(m): 2:20pm On Jul 29, 2015
I hear UBA is the least when it comes to good salaries. na around 50-80k. Op, tel us hw far. Ecobank too

8 Likes

Re: What Nigerian Banks Pay Their Workers by bigv(m): 2:20pm On Jul 29, 2015
Huh? Lemme catch any banker doing shakara for me again. angry

13 Likes

Re: What Nigerian Banks Pay Their Workers by damiloladuke1: 2:21pm On Jul 29, 2015
I will never aspire to work in the bank..they pay quite alright, but they rip you of your prime as a youth...and make you engage in atrocities that are just unspeakable...they majorly end up in a bad way, not all of them sha.




MY FUNNY SECRET DIARY on www.wenogetjob.com

12 Likes 2 Shares

Re: What Nigerian Banks Pay Their Workers by yousee: 2:21pm On Jul 29, 2015
This is not for contract staff o. Make una no go dey eye the poor tellers say them dey chop money

21 Likes 6 Shares

Re: What Nigerian Banks Pay Their Workers by kennygee(f): 2:21pm On Jul 29, 2015
With the Swag Zenith bank has, their pay is poor.

21 Likes

Re: What Nigerian Banks Pay Their Workers by letsbet(m): 2:21pm On Jul 29, 2015
so, how much tellers dey collect na? me for like know. FirstBank Rocks!

1 Like 1 Share

Re: What Nigerian Banks Pay Their Workers by kazmanbanjoko(m): 2:21pm On Jul 29, 2015
Abbeyme:


And all profits would go into staff cost?

Ta!
not only profits, commisions dey dere too and other sources of income.

1 Like 1 Share

Re: What Nigerian Banks Pay Their Workers by McEwen(m): 2:21pm On Jul 29, 2015
undecided
Re: What Nigerian Banks Pay Their Workers by delectablegyal(f): 2:22pm On Jul 29, 2015
No wonder gtbank staff are always proud.
Them sabi do shakara plenty.

Btw, gtbank has the finest female staff. Those girls too fine. Guys, when u c them, e dey be like say make u fvck dem abi? No lie.

33 Likes 4 Shares

Re: What Nigerian Banks Pay Their Workers by cricifixo(m): 2:22pm On Jul 29, 2015
wrong, N80K is for contract staff, my close friend is employed as a contract staff
Gboliwe:
I don't agree with you on Fidelity bank. As at 2013, entry level was, 80k. When did it sky rocket to 140k?

1 Like

Re: What Nigerian Banks Pay Their Workers by Ije004: 2:22pm On Jul 29, 2015
Biko Zenith's bank pay is false for entry level before confirmation (in donkey years).

Its 70k per month.

22 Likes

Re: What Nigerian Banks Pay Their Workers by killercute16(m): 2:22pm On Jul 29, 2015
To me oh,this amount is small compared to some govt jobs and multinational companies,and moreover bank jobs aren't secured,they can sack you anyhow,anytime,anywhere......But anywhere you find yourself,give Jah praise.

26 Likes 3 Shares

Re: What Nigerian Banks Pay Their Workers by holyokoto(m): 2:22pm On Jul 29, 2015
Gboliwe:
I don't agree with you on Fidelity bank. As at 2013, entry level was, 80k. When did it sky rocket to 140k?

You are right, all the entry levels mentioned by the ops is exaggeration

13 Likes 1 Share

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