Find Out The Top 10 Highest Paying Banks In Nigeria

Find Out The Top 10 Highest Paying Banks In Nigeria

Banking is a prestigious profession and the dream of many young Nigerians. From the comfortable offices to the monthly income, there is much to admire about this profession.

Bankers are also known for their neat appearance thanks to their zero tolerance for indecent or unkempt dressing. Do you want to join the banking industry in Nigeria? Then it’s important you go through this article. You will get to discover the top 10 highest paying banks and narrow down your job search.

There are over 20 commercial banks in Nigeria, including investment bank and microfinance bank organizations. They have to survive in strong competition, and each company is looking for the best staff to attract more customers and clients. In other words, each bank is willing to pay high salaries to its top workers.

Of course, getting a good job at the bank is not so easy. These companies are looking for real professionals who will help the firm to develop and grow. Besides, some banks are not paying that much.

You might hope to find a comfortable job in a bank but end up working for a small microfinance bank or new investment bank that doesn’t pay a lot at the beginning of your career.

In this post, you will find a list of the top 10 highest paying banks in Nigeria in 2018. All these organizations might be a good place to search for a job this year.


Top10 highest paying banks in Nigeria

Here is a list of top10 highest paying banks in Nigeria, arranged in no particular order.


  1. Guaranty Trust Bank

Guaranty Trust Bank, popularly known as GTB is very popular across the country with a long history of nearly 30 years. Why? The company is constantly developing and bringing innovations into its functional sphere. That’s why you should consider starting your career here. Moreso, GTB is one of the highest paying banks in Nigeria.

Your salary can be over 200,000 Naira per month. Plus its workers often receive different benefits in addition to this.


  1. First Bank of Nigeria

FirstBank is indeed one of the first banks in the country. Existing for over 100 years, this is one of the top paying banks in Nigeria. It is also one of the best financial organizations and a real leader in the market with more than 10 million customers base.

According to different sources, the new workers can possibly earn from 250,000 and up to 300,000 Naira per month.


  1. FCMB

Some of you are probably shocked to see this company in the list of the highest paying investment bank in Nigeria. Still, FCMB can be a nice place if you are willing to build your career in the financial industry.

FCMB stands for First City Monument Bank in existence since 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 leading positions.

Newcomers are usually paid approximately 115,000 Naira per month, while top analysts earn over 600,000 Naira.


  1. Fidelity Bank

This is another commercial bank you can trust in terms of good work environment and good pay. Its history dates as far back as 1988, so every Nigerian who has financial education and is looking for a reliable and trusted bank to build a career can visit Fidelity Bank.

You will discover that this financial organization is one of the top 10 capitalized banks in the country. Its list of offices is over 240, and they are located in the major cities and across all the States.

You can receive approximately 110,000-116,000 Naira per month as an entry-level worker. Once you grow and develop professionally, your salary will grow along with the professional changes in your career.


  1. United Bank for Africa

Shortly called UBA, this is a reliable and one of the top paying banks in the country. Its history accounts for nearly 70 years.

According to various sources, you can be paid approximately 125,000 Naira and receive the total of 1.5 million Naira annually.


  1. Central Bank of Nigeria

This is definitely a reliable place because it is the main country’s bank. It was established 60 years ago, and it has a long history of being both successful and innovative.

CBN regulates investment banks, microfinance banks and commercial banks in the country. It has offices in every state.

All entry-level workers receive over 120,000 Naira per month. The company is also willing to pay you over 40,000 Naira monthly during the training period.


  1. Ecobank

Existing since 1986, this is a good place to start and build a successful career in Nigeria. Those people who are already working here enjoy a good salary compared to various fields in the country.

New workers receive approximately 140,000 Naira monthly. As your level increases, you can expect over 650,000 Naira per month.


  1. Sterling Bank

This commercial organization will celebrate its 60th anniversary in two years. It has a long history and can be called a trusted and reliable Nigerian company.

It is one of the top paying banks in Nigeria, and its network of branches includes over 180 offices. All entry-level are paid up to 145,000 Naira. A lot depends on the department where you will work. Good employees also enjoy some benefits and additional allowance.


  1. Zenith Bank

This commercial bank has been existing for over 28 years. It has more than five hundred branches across the country.

If you get an entry level job here, you can be paid over 100,000 Naira per month. This might not be the highest paying bank in the country, but it is a nice place start your career.


  1. Union Bank of Nigeria

Existing since 1917, this is a trusted bank with a century-long-history. This commercial bank works with individuals, small firms, medium companies, and major corporations. Its branches are located in Nigeria and the United Kingdom, making it one of the best 10 places to work in the banking sector.

Based on different sources, the average monthly payment is approximately 180,000 Naira. While going through training in the bank or internship, you can expect to earn from 40,000 Naira to 75,000 Naira per month.