Top 10 Highest Paying Banks in Nigeria (2020)

Banks That Pay Highest Salaries in Nigeria

Nigeria banking industry is one of the prides of the nation. It is one of the private sectors of Nigeria that is contributing immensely to the employment of youths in the country.

top ten highest paying banks in nigeria

It is no news that Nigerian banking industry is a multi-billion industry. Some of the banks in Nigeria are among the biggest one can find on the continent.

Working with banks in Nigeria has always been very attractive to young Nigerian. The reasons are not far-fetched.

Some salary of Nigerian banks is some of the biggest salaries you can find in the private sector.

Remunerations are very essential in deciding career path. Most Nigerian graduates likes to work with banks that pays the best and biggest salaries in Nigeria.

In view of that, this article will be discussing the highest paying banks in Nigeria. These banks can as well be referred to as the best banks to work for in Nigeria. Some banks in the list are among the strongest banks in Nigeria.

Best Paying Banks in Nigeria

Below is the list of banks that pays good salaries and allowances in Nigeria. These are Nigeria top banks and financial institutions.

Access Bank

Access bank is rated as the highest paying bank in Nigeria. It is among the biggest in Nigeria and has grown into one of the largest banks in Nigeria with their recent merger and acquisition of Diamond Bank.

Access bank is among banks that pay very well to their staff. An entry level staff at Access Bank earns around N230,000 monthly.

Mangers in at Access bank earn around N1.4 million. Contract staff at Access bank earn around N80,000 per month.

It is also important to note that access bank treats the welfare of their staff with utmost concern and that it is one of the richest banks in Nigeria.

Guaranty Trust Bank (GTB)

Guaranty Trust Bank is among the list of banks in Nigeria people likes to work for because of their good staff remunerations.

Working at GTBank has been very attractive to Nigerian graduates not just because of good working environment and condition but because the bank’s salary is high in Nigeria.

Entry-level staff at Guaranty Trust Bank earn around N200,000 monthly. Some top officials of the bank are paid between N500,000 to N2 million per month.

The staff of the bank also enjoys special bonuses and allowances. It is a good bank to build career with. So, working at Guaranty Trust Bank in Nigeria is a good job.

Zenith Bank

Zenith Bank is also in the list of Nigerian banks that pays high salary. Zenith bank is currently the best performing bank in Nigeria.

The continual good fortunes of the bank are reflected in staff packages of the bank. Salary of new staff at Zenith bank is around N110,000 each month.

Salary of contract staff at Zenith bank is around N70,000 monthly. Zenith bank is among the banks Nigerians dreams and likes to work for. Zenith is a good bank that pay good salary in Nigeria.

First Bank of Nigeria (FBN)

One of Nigerian’s premier banks, Firstbank of Nigeria is also ranked among the best paying banks in Nigeria. Salary of new staff at First bank also known as entry level staff is pegged above N100,000 per month.

This is even as their graduate trainee earn N60,000 during training. The salary of Managers at Firstbank is dependent on the managerial position being occupied. Managers of Firstbank are paid between N500,000 to N1.3 million.

United Bank for Africa (UBA)

This another top commercial bank in Nigeria that pays their staff well. UBA, though employs more contract staff, their entry-level salary or salary of new staff at UBA is around N115,000 every month this is even as contract staff of UBA are paid around N75,000.

These salary figures put UBA in the echelons of highest paying Banks in Nigeria.

Ecobank

Ecobank is one of the banks with biggest assets operating in Nigeria. It is a top west African Bank. Ecobank made the list of best paying banks in Nigeria with some of the highest salary figures in Nigeria banking industry.

Some of the earnings and remunerations of Ecobank staff are listed below.

  • Graduate Trainees – ₦40,000 To ₦50,000
  • Entry-Level Staff – ₦140,000 To ₦150,000
  • Loan Officers – ₦ 500,000 To ₦ 650,000
  • Credit Analysts – ₦ 700,000 To ₦ 800,000 Naira
  • Manager – N853,000 To ₦ 900,000
  • Senior Manager – N1,000,000 To N1,500,000
  • Assistant General Manager – N2,000,000 To N2,250,000
  • Managing Director/CEO – N2, 500 000 And Above

Stanbic IBTC

Stanbic IBTC bank, a member of Standard bank is top bank in Nigeria. The salary of Stanbic IBTC bank staff is very competitive.

In Nigeria, Stanbic IBTC is among the top paying banks one can work for. Entry-level staff of the bank goes home every month with around N140,000.

Providus Bank

Providus bank though new and still operate mostly in Lagos still pay competitive and high salary among their counterparts. New staff of Providus bank earn around N120,000 per month while contract staff of the bank are paid N60,000.

First City Monument Bank (FCMB)

Another Nigerian bank that pays the best salaries is FCMB. Some of earnings of the staff of the bank are.

  • Graduate Trainees – N40,000 To N45,000 Monthly For The 4 Months
  • Entry Level Staffs – N110,000 To N125,000
  • Senior Banking Officers – N500,000 To N650,000
  • Loan Officers – N541,000 To N600,000
  • Credit Analysts – N610,000 To N650,000
  • Branch Managers – N690,000

Wema Bank

Salary of Wema bank staff is also high and fair in Nigeria. An entry level staff of Wema bank is pegged at around N100,000 per month. The bank is cool and is a top bank in Nigeria.

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The Author

Emmanuel Igwenagu

Igwenagu Emmanuel is the founder of Nigerian Informer. He holds B.A, M.Sc in Mass Communication. He is a Communication researcher and 112 emergency help line dispatcher.

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