Highest Paying Banks In Nigeria 2020 {Top 10}

Knowing the highest paying banks in Nigeria and the exact amount their workers receive will help you in making a better choice concerning where to work. In this article, you will discover the Nigeria banks that pay their workers the highest salaries monthly and annually.

highest paying banks in nigeria

The dream of every graduate hoping to work in a bank is to get a job with a bank that pays its staff well. Sitting behind a desk and working 8 hours for 5 days every week without a good pay can be very frustrating and tiring.

Contrary to what many think, the biggest banks in Nigeria are not really the highest in terms of payment of workers. You might be shocked to find very few names of Nigeria’s richest banks in this list. From entry-level to senior-level , many of the workers in the top banks do not receive as much as they deserve in terms of salaries.

Which of the Nigerian Banks Pay The Highest?

According to reports from very reliable sources, Access Bank PLC is the top paying bank in Nigeria. You will find them as number 1 in nearly every list of best paying banks all over the country.

They have built a reputation for motivating their workers the best possible way they can, which is through fat salaries. The bank is followed closely in payments by others you will find their salary structures in this article. Stay with me!

Highest Paying Banks In Nigeria 2020

  • Access Bank
  • Fidelity Bank
  • Zenith Bank
  • First Bank
  • Gtbank
  • FCMB
  • Sterling Bank
  • UBA
  • Ecobank
  • Union Bank

Below is an updated list of the Nigerian banks that pays the most money to their workers.
Check them out.

1.) Access Bank Plc

  • Entry-level salary: N250,000 to N300,000 (plus allowances)

Access Bank Plc may not be the biggest bank in Nigeria today In terms of total assets, however the bank is one of the best places to work in the Nigerian banking industry. The bank ensures that the members of their staff are well paid.

When it comes to taking care of their workers in terms of salary payment, even international Finance Magazines like Forbes rate Access Bank plc above every other bank in Nigeria.

According to reports, Access Bank pays their entry-level staff about N250,000 to N300,000 as salary every month. This is very far above what you find other banks paying their workers.

2.) First Bank Plc

  • Entry-level monthly salary: N200,000 to N250,000 (plus several allowances)

In every possible way, First Bank continues to prove that it is indeed one of the best finance services providers in the country.

If you hope to get a job as a banker in a firm where your efforts will be appreciated with good pay, FBN is that firm. The bank has continued to set a pace for others to follow.

As a staff of First Bank plc, you can be sure of getting between N200,000 to N250,000, which is the salary the bank pays its workers at the entry -level per month.

3.) Guaranty Trust Bank

  • Entry-level monthly salary: N200,000 (plus lots of allowances)

Guaranty Trust Bank is a well known financial institution in the country. The bank has won so many awards within and outside Nigeria due to its quality banking services.

GTBank is one of the few Nigerian banks with branches all over different parts of Africa. Since the bank came into existence, it has changed the way banking is done in the country.

According to very reliable reports, GTBank salary starts from N200,000 for its entry-level staffs. The higher you go in the bank, the more money you will be paid at the end of the month.

4.) Zenith Bank Plc

  • Entry-level monthly salary: N180,000 to N200,000

Zenith Bank Plc is one of Nigeria’s new generation banks that are making serious waves in the industry. Started in 1990 by Jim Ovia, the bank has grown to the point where it competes with other banks that were in existence before it.

Zenith ranks very high among Nigeria’s richest financial services providers . With a very strong presence in several other African and so on, the bank is definitely here to stay.

The bank reportedly pays their entry-level workers a monthly salary of about N180,000 to N200,000. This is also supported by so many allowances and bonuses.

5.) Fidelity Bank Plc

  • Entry-level salary: N180,000

Fidelity Bank is a Nigerian bank that is known to pay its workers well. Though the bank is not one of top 5 richest banks in the country today, it is certainly one of the best places to get a job in the banking industry.

Fidelity Bank rewards its workers from time to time with different allowances that accompanies the normal monthly salary. At the entry-level, a Fidelity Bank worker is paid about N180,000.

6.) Union Bank of Nigeria

  • Entry-level monthly salary: N180,000

Union Bank of Nigeria is one of the oldest banks found in the country. The bank has business offices and touch point scattered across the nation.

Regardless of the fact that Union Bank has been in Nigeria long before the country got her independence , the bank has continued to deliver top quality banking experience to its customers.

According to reports , Union Ban is one of the high paying Nigerian bans . At the entry level a Union Ban staff earns around N180,000 as salary per month.

7.) United Bank For Africa

  • Entry-level monthly salary: N150,000 to N180,000

Popularly known as UBA, this bank is among Nigeria’s oldest banks. The bank was founded in 1949 and has since then been at the top of the best banks in Nigeria.

Talking about where to get a job as a fresh graduate desiring to work in a bank, UBA is one of such places. As a staff of the bank, you are entitled to lots of allowances and bonuses every month. As for the monthly salary, UBA pays their entry-level workers N150,000 to N180,000. As time goes on, you can start earning more than that.

8.) Sterling Bank Plc

  • Entry-level salary: N145,000

Sterling bank is one of the top finance services providers that have helped taken the Nigerian banking industry to greater heights. Though it’s not among the top 5 most popular banks in the country, the bank is certainly improving on a daily basis.

With thousands of employees and branches in all the 36 states of the federation, Sterling Bank has come to stay.

This bank pays its entry-level staffs not less than N145,000 as salary in a month. This is also joined by lots of allowances per month.

9.) Ecobank Nigeria

  • Entry-level salary N141,000

Ecobank is a multinational financial institution with its headquarters in Lome, Togo. The bank was founded in 1984 and is today one of the biggest banks in the whole of Africa. With business offices and touch points in over 32 countries within the East, West, South and other parts of the Continent.

You cannot talk about the best paying banks in Nigeria without mentioning this great Pan-African bank. The bank pays its entry level staff about N141,000. In addition to this is the monthly allowances and bonuses that can raise this figure very high.

10.) First City Monument Bank

  • Entry-level monthly salary: N110,000

Popularly known as FCMB, this bank is among the modern banks in Nigeria competing with the top richest banks in the country.

FCMB boasts of quality financial services that revolve around internet banking, ussd banking, mobile app and several other innovative products of the bank.

According to the information we have of this bank from credible sources, it pay its entry-level staffs nothing less than N110,000 per month. Making them one of Nigeria’s best-paying financial institutions.

In Conclusion

We have over 20 finance services providers licensed by the Central bank of Nigeria to operate within the country. Of all those banks, listed in this article are the highest paying banks in Nigeria at the moment.

My name is Rasaq Olayemi. Being a user of the services provided by most Nigerian banks and satellite tv providers, I decided to create this blog to help people that are new to them.