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Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by HAH: 9:14am On Jan 16, 2017 |
Banking this days is nothing but suffer head because of what I hear from former colleagues, I worked in a bank for 12 years and left in 2013 as a DM and a branch manager. I started in 2001 with a monthly salary of about 100k, we were the highest paying bank then my friends in NNPC and CBN were collecting 20k monthly I was like a king but this days even ordinary civil defence recruits get paid like bankers. Along the line as I get promoted every two years till 2009 when crises started and we were stagnated, no promotion, the pressure getting higher, the abuse from mgt getting high too,my friends in NNPC, civil service and others that were seeing me as big boy then are now ogas, they get more than my salary of about 650k from allowances for travels and salaries, I realised I have reached my limit in the bank and not everyone will be MD or AGM so I decided to take a bold step and resigned to start business, Men it wasn't easy to be an entrepreneur, I started regretting my action but cannot go back so I continued to struggle. With resilience success came Today am 41 and I have about 20 permanent employees and 25_30 casual workers and I cannot even accept being an AGM. Banking is a good step for a young graduate to start from because they will train you well and the work will teach you resilience, also because I worked in bank with good pay I have all the basic thing of life like houses. My advice to aspiring bankers is please enter with an exit plan unless you are related to owners of the bank or can kiss arse well. Nothing is as good as hard work 25 Likes 2 Shares |
Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by Chukwumeremeze(m): 9:33am On Jan 16, 2017 |
DWJOBScom: 25 years of service in banking is plausible! The man has taken career tours in different positions or units, and still delivered excellently. Every job has it's pros and cons even though banking seems a little extreme, but someone's got to do the job. Quote me, banking is a honourable profession regardless! 5 Likes 1 Share |
Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by DWJOBScom(m): 9:34am On Jan 16, 2017 |
obitee69: You still look like a struggling man mate Successful people have a pattern of speaking and you don't have that line or tone yet! Go read good books and stop being a reckless marketer 2 Likes |
Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by DWJOBScom(m): 9:35am On Jan 16, 2017 |
Chukwumeremeze: I agree with you man was just giving someone a lesson on being less stupid 2 Likes |
Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by mercichoco(f): 9:39am On Jan 16, 2017 |
livgenius:savings of 5m in 18 months? Hmmm! There is God O. That is savings of more than 280k a month. How much do you earn ni? 5 Likes |
Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by Sashafm(f): 9:49am On Jan 16, 2017 |
africansunite:Yes fresh graduates do earn above 250k in some banks. I joined a new generation bank last year as a fresh graduate through the graduate trainee program. I had no work experience prior to my employment and I earn 260k. |
Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by kjhova(m): 9:54am On Jan 16, 2017 |
Trecixnine: Chairman, I don't know what banks you have worked with but if you have spent 25yrs in the industry, you will know that entry level today is different from entry level 25yrs ago. I was at Intercontinental in 2007 and my entry level pay was N2.4M...and that wasn't even my gross!! He is very right. |
Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by Divine88: 10:03am On Jan 16, 2017 |
Wonder when this country will meet up to the level of a developed country. People screaming here about earning a salary of 250k per month working tirelessly everyday. They think that's life. I studies in the UK and work partime 15hours at a local grocery store while studying. I take home BTW £500-£550 every month( on a minimum wage oo). Now multiply £550 by #600( exchange rate). So I take home #330000 every month, working for just 15 hours every week. No wonder a lot of us want to leave this shores. 4 Likes 1 Share |
Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by Nobody: 10:09am On Jan 16, 2017 |
obitee69: Haa, guy easy naa...everybody is a liar to you, you should realize that everybody mustn't be you, some people work in a bank with alternate income source, or still young enough to enjoy shelter and feeding from home, it's quite possible to have savings under such conditions. |
Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by Nobody: 10:40am On Jan 16, 2017 |
kayLion: Nope still struggling. I'm 28 and an entrepreneur. I know were am going. Time is of the essence |
Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by Icon4s(m): 10:42am On Jan 16, 2017 |
livgenius: You dey play or you mean am? 2 Likes
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Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by Everblazinggg(f): 10:43am On Jan 16, 2017 |
Following... |
Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by ephi123(f): 10:47am On Jan 16, 2017 |
obitee69: His point is EVERYONE cannot be an employer of Labour. Do what works for you, you don't need to prescribe your method for others because everyone has different goals and ambitions. Do what suits you and let others do what suits them. |
Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by kjhova(m): 10:51am On Jan 16, 2017 |
Divine88: The cost of living also varies between Nigeria and the UK therefore my N250K is worth more to me in Lagos than GBP550 can be for someone in the heart of London. We don't think that 250k/month salary on a 9-to-5 job (actually 6:30-to-7) is life but that is all we got and dignity of labour dictates that we appreciate that considering the limitd opportunities. Nigeria with USD380Billion GDP cannot be compared to the UK with GDP of USD3Trillion. 8 Likes |
Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by ephi123(f): 10:52am On Jan 16, 2017 |
africansunite: It's interesting your moniker is africansunite while your comment is promoting disunity. Someone has come out to provide info based on his experience and you are here pulling him down. 2 Likes 1 Share |
Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by Handsomecole(m): 10:53am On Jan 16, 2017 |
Respect to bankers but I can't be one, I don't even have the passion to be one. I'm okay with my politics, politics money na dey sweet pass . |
Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by Nobody: 10:53am On Jan 16, 2017 |
fujirice: Pls stop replying that man, he is probably an MMM guider who has ripped of ppl n feels the world rolls like d@, pls ppl as someone pointed out not every1 is cut out for business, if you get a job and truly v the passion trust me you would over succeed and be buoyant so don't mind all those derby downers 1 Like |
Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by ephi123(f): 11:06am On Jan 16, 2017 |
Divine88: Do you also realize cost of living is much higher in the UK? You can spend at much as £1000 monthly on rent. You can't simply compare salaries in the UK vs Nigeria without comparing living costs. 1 Like |
Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by Raphael81(m): 11:46am On Jan 16, 2017 |
HAH: You are the true definition of a successful man, u didn't even look back at what you left behind by leaving the bank job, wow God bless u sir 4 Likes |
Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by Raphael81(m): 11:55am On Jan 16, 2017 |
kjhova: 2.4million Chinekeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee |
Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by laudate: 12:07pm On Jan 16, 2017 |
alizma: No, he is not. Entry level salaries for fresh banking graduates hover around 100k to 150k per month! ednut1: They pay far lower than 250k a month to entry-level graduates. Trecixnine: You are right! |
Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by alizma: 12:11pm On Jan 16, 2017 |
laudate:lol, do you know there is a micro finance bank that paid a graduate 120 at entry level? if you say majority of the banks pay below 200k, I am not disputing that but don't say no bank pays 200k at entry level. 1 Like |
Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by laudate: 12:14pm On Jan 16, 2017 |
alizma: The guy made it sound as if most banks were paying 250k and above as starting salaries to entry-level graduates, when that is blatantly untrue. The example of the microfinance bank you gave, is an exception. I know of at least 3 microfinance banks in Lagos, where starting salary for entry-level graduates is like 95k per month. |
Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by laudate: 12:21pm On Jan 16, 2017 |
coveredchic: The internet has a cover of anonymity, which is why people can take it for granted and post anything. How are you sure that the chap actually has 25 years experience in the banking industry? Some of the claims he is making about the pay package of entry-level graduates is rather suspect, and some people find it to be an insult to their intelligence, especially those with proof of how the system works. |
Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by laudate: 12:27pm On Jan 16, 2017 |
livgenius: Entry-level graduates hardly get anything substantial from profit-sharing, at the end of the year. Graduate programmes are usually a feature of multinational banks. Very few local banks have this programme. What kind of upfront payments are entry-level graduates entitled to? And how much is it? And in 1.5 years you saved 5 million?? Do you live with a relative and do not pay rent, or do you work in the forex dept of a bank and you do back door deals? Just asking. 1 Like |
Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by tunlex01(m): 12:34pm On Jan 16, 2017 |
Always say what you know. Some banks in this country currently pay within 250k - 300k to entry level. Get your facts right. That your bank does not pay doesn't mean other banks don't. Papasland21: 1 Like |
Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by laudate: 12:35pm On Jan 16, 2017 |
HAH: Thank you so much for sharing your experience. This is more believable, quite insightful and less subjective than Ogaolufunsho50's account on the opening page. The comparison you made with those in other industries, also puts everything in context. Starting salaries for entry-level graduates in the banking sector 10 years ago, is a far cry for what it is now. So people should stop making sweeping generalisations and expecting others to take it as the gospel truth. Again, thanks for sharing. |
Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by laudate: 12:36pm On Jan 16, 2017 |
tunlex01: Oga, there are over 26 banks in this country, so which ones exactly are you referring to, that currently pay that much to entry level graduates?? |
Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by livgenius: 12:45pm On Jan 16, 2017 |
laudate: They can get housing for example. It differs by bank I live with parents. But how much will rent be? Max 300k for a one bedroom in a good area. I don't work in treasury. I earn a very good salary |
Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by laudate: 12:48pm On Jan 16, 2017 |
livgenius: I see. You live with your parents so housing, feeding & transport is taken care of, by them. Just curious. What kind of figures do entry-level graduates get for housing? You made it seem as if your own experience holds true for most banks. 1 Like |
Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by tunlex01(m): 12:50pm On Jan 16, 2017 |
laudate:I will give you just one - Skye! Find out others |
Re: Thinking Of Working In The Bank? My 25 Years Of Experience Will Help You by livgenius: 12:52pm On Jan 16, 2017 |
Ask anybody that went through access bank training school They start on 240k monthly Just because you don't know doesn't mean it doesn't exist |
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