Nigerian Bank Salary Structure & Ranks 2025 Explained
Banks are among the highest-paying industries for employees, with outstanding compensation packages that frequently include not only competitive salary but also complete benefits and incentives. They leverage this to attract top individuals while also offering prospects for professional advancement, employment stability, and a culture that encourages knowledge and innovation.
Furthermore, in reaction to Nigeria’s economic upheavals, particularly the high inflation rates that have raised the cost of living for many citizens, numerous banks have increased staff salaries to help employees manage growing costs. For example, in October 2024, GTCO increased staff wages by 40%, demonstrating their dedication to keeping top personnel in these hard circumstances.
Our report is based on TechCabal data collected from over 26 current workers at 12 commercial banks.
Nigerian Bank Rank Structure
The rank structure in Nigerian banks typically follows a hierarchical system, with employees progressing through various levels based on their performance, experience, and qualifications. Here’s a general overview of the typical rank structure in Nigerian banks:
Executive Trainee (ET):Â Entry-level position for fresh graduates undergoing training.
Assistant Banking Officer (ABO):Â Junior position responsible for basic banking operations.
Banking Officer (BO):Â Handles more complex banking tasks and customer interactions
Senior Banking Officer (SBO):Â Takes on additional responsibilities and supervisory duties.
Assistant Manager (AM):Â Manages a team and oversees daily operations.
Deputy Manager (DM):Â Senior management role with increased responsibilities.
Manager:Â Oversees a department or branch, responsible for strategic planning and execution.
Senior Manager (SM):Â Higher management position with broader oversight.
Assistant General Manager (AGM):Â Senior executive role with significant decision-making authority.
Deputy General Manager (DGM):Â High-ranking executive position with extensive responsibilities.
General Manager (GM): Top executive responsible for overall branch or department performance.
Executive Director (ED): Senior leadership role with strategic influence across the organization.
Managing Director (MD):Â Highest-ranking executive responsible for the overall management and direction of the bank.
Nigerian Bank Salaries 2025
The data includes five major positions: Executive Trainee, Assistant Banking Officer, Banking Officer, Senior Banking Officer, and Assistant Manager. Please keep in mind that monthly pay do not include any bonuses, such as profit sharing or 13th-month salaries. The list is ordered from highest to lowest salary.
Executive Trainee
- Union Bank – ₦460k
- Standard Chartered Bank – ₦433k
- GTCO – ₦400k
- Providus – ₦394k
- UBA – ₦394k
- Ecobank – ₦390k
- Sun Trust – ₦389k
- Fidelity Bank – ₦350k
- Sterling – ₦350k
- Access Bank – ₦340k
- Globus – ₦276k
- Wema Bank – ₦255k
- Zenith – ₦245k
Assistant Banking Officer
- Union Bank – ₦760k
- GTCO – ₦720k
- Wema Bank – ₦681k
- Zenith – ₦609k
- UBA – ₦600k
- Providus – ₦600k
- Fidelity Bank – ₦590k
- Stanbic IBTC – ₦550k
- Sterling – ₦547k
- Sun Trust – ₦526k
- First Bank – ₦500k
- Access – ₦470k
Banking Officer
- Providus – ₦1.05M
- Access Bank – ₦900k
- Wema Bank – ₦875k
- Zenith – ₦800k
- UBA – ₦800k
- Fidelity Bank – ₦780k
- Stanbic IBTC – ₦730k
- Sun Trust – ₦698k
- Sterling Bank – ₦662k
- First Bank – ₦579k
Senior Banking Officer
- Access Bank – ₦1.1M
- Wema Bank – ₦1.07m
- Stanbic IBTC – ₦830k
- Fidelity Bank – ₦830k
- Sun Trust – ₦760k
- First Bank – ₦660k
Assistant Manager
- Access Bank – ₦1.3M
- Wema Bank – ₦1.1m
- Stanbic IBTC – ₦1.1m
- Fidelity Bank – ₦952k
- Sun Trust – ₦881k
- First Bank – ₦700k
