First Bank Salary Structure In Nigeria: How Much Staffs Earn Per Month

Navigating the world of banking careers in Nigeria? One of the top considerations is the salary package. First Bank of Nigeria is one of the leading banks in the country, and it offers competitive salaries to its employees. But what exactly can you expect in terms of pay? Let’s break it down.

Average Salary at First Bank of Nigeria

On average, a staff member at First Bank of Nigeria earns around NGN 196,000 per month. Remember, this is just an average, and actual salaries can vary based on several factors.

Salary Breakdown by Job Titles

Bank Teller:

If you’re starting as a Bank Teller, you can expect a monthly salary ranging from NGN 998,000 to NGN 1,000,000.

Assistant Banking Officer:

Moving up the ladder, an Assistant Banking Officer typically earns between NGN 1,200,000 and NGN 1,500,000 per month.

Customer Service Officer:

For those in customer service roles, the monthly salary falls between NGN 1,044,000 and NGN 1,200,000.

Relationship Manager:

Relationship Managers, responsible for client relationships, have a higher earning potential with salaries ranging from NGN 3,000,000 to NGN 4,000,000 per month.

Branch Manager:

At the top end of the scale, Branch Managers can earn between NGN 5,000,000 and a whopping NGN 10,000,000 monthly.

Additional Benefits

Apart from the base salary, First Bank employees enjoy various benefits such as:

• Housing Allowance: Assistance with accommodation expenses.
• Transport Allowance: Support for commuting to and from work.
• Medical Insurance: Coverage for healthcare needs.
• Pension Plan: Secure your future with a pension scheme.
• Leave Allowance: Compensation for annual leave days.

Conclusion

First Bank of Nigeria offers competitive salaries and benefits to its employees, making it an attractive choice for banking professionals. However, it’s essential to consider factors like experience, location, and job role when evaluating potential earnings.

FAQs

1. How often are salaries paid at First Bank of Nigeria?

Salaries are typically paid monthly, around the end of the month.

2. Are there opportunities for salary increments at First Bank?

Yes, salary increments are possible based on performance reviews, promotions, and inflation adjustments.

3. Do First Bank employees receive bonuses?

While not always guaranteed, bonuses are often provided based on performance and the bank’s profitability.