Stanbic IBTC Bank Salary Structure

Stanbic IBTC Bank Salary Structure is written so you get yourself acquainted with Stanbic IBTC Bank Salary Structure in case you wish to work with them.

Stanbic IBTC Salary

Stanbic IBTC Bank Salary Structure
Stanbic IBTC Bank Salary Structure – Photo Source: https://leadership.ng

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The head office of Stanbic IBTC bank is located at IBTC Place, Walter Carrington Crescent, Victoria Island, Lagos. The bank has a commercial banking license with national authorization.

Stanbic IBTC bank is the leading investment banking franchise in Nigeria with excellent advisory, financial arranging capabilities, and capital markets. The bank is a member of the Standard Bank Group, an authorized financial services, and registered credit provider.

The focus of this article is on the salary structure of Stanbic IBTC Bank for both entry-level staff, contract staff, and other senior banking officers.

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Now, while it is indeed a great task to know the exact amounts bank staff are paid, a general inside look into how much Stanbic IBTC bank pays its staff has been researched in the course of this article.

Stanbic IBTC Bank has been enlisted among the top ten highest paying banks in the country. This feat alone states that the bank is a major player in the banking industry not only in terms of affairs but the welfare of staff starting from Entry Level to Senior Executive Level.

As a young graduate, you are probably trying to analyze the most paying bank and after submitting your application letter, sooner or later you’ll be called for an interview at the Banks headquarters, it is to your disadvantage if you go there without having a prior understanding of the salary scheme of the bank.

Going through this article will erase all iota of ignorance and will put you at a better chance of not pricing down yourself because you’ll have a piece of handy information as regards how much Stanbic IBTC Bank pay their entry-level staff that you will firstly be employed into and even other positions or levels.

One important piece of info about how to get a job in Stanbic IBTC Bank is that job applicants are expected to have had banking experience in another bank prior to when you are seeking employment into the bank except for Entry level position.

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Though entry-level positions too can be made much easier for persons that served either in Stanbic IBTC Bank or any other bank or any financial institution during their NYSC scheme.

Stanbic IBTC Bank has a training school that incorporates both theoretical, practical, and real-life training which provides their new employees with the preparedness needed for the task ahead and adjust with the internal workings of the bank.

It is in the course that the novice is acquainted with the pros and cons of the banking sector after which he is assessed at the end of the 4 months of compulsory training.

Afterward, all trainees will be sent on a two weeks compulsory attachment with various Stanbic IBTC Bank branches within the city and upon completion of the training, successful trainees are selected while the unsuccessful are sent packing.

Stanbic IBTC Bank Salary Structure

Here is Stanbic IBTC Bank Salary Structure:

Entry-level Staff’s Salary 

On the salary level, Stanbic IBTC bank Nigeria has the opportunity to confirm itself as a standard bank of repute. Entry-level staffs at the bank earn between the sum of N60, 000 and N70, 000.

The differences are relative to the department of the employee within the bank. The responsibility of some departments is higher than some and by extension earn slightly higher pay than others.

A good example of this phenomenon is seen in the Transport and loan recovery department. The higher the responsibility the higher the pay.

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Graduate Trainees’ Salary

Graduate trainees at Stanbic IBTC Bank earn between N30,000 to N55, 000 every month during their training period. After the training period or probation period, their salaries are reviewed and they earn a salary range of between N60, 000 naira, and N90, 000 every month.

Banker Tellers Staff’s Salary

Banker Tellers earn an average salary of N40, 000 – N65, 000 naira monthly.

Customer Service Officer’s Salary

Customer Service Officer go home by the end of the month with their N55, 000 – N70, 000 salaries for a job well done.

Digital Marketer’s Salary

Digital Marketer – The digital marketers who work to promote and market the bank as far as technology is concerned earn between N76, 000 – N80, 000 naira monthly.

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Senior Banking Executives’ Salary

Senior banking executives are paid N350, 000 and above excluding bonuses and other profit-sharing that are accrued to staff, the table below explains in detail, how much Stanbic IBTC Bank pays both core staff and contract staff.

Basic Level Staff’s Salary

The basic level staff earns between N95, 000 and N120, 000 monthly according to their sections and unit. Your salary may also increase after a while as long as you remain in the bank.

Contract Staff’s Salary

The Contract Staff earns a steady sum of N30, 000 monthly which amounts to N360, 000 yearly. They are not entitled to any raise or bonuses from the company because just as their names imply, they are in the bank just on a contract basis.

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In summary, Stanbic IBTC Bank salary structure for fresh entry-level graduates and all levels of staff is quite encouraging though the bank is not widely known across the nation and their salary could still be improved upon but note that just as the pay package may be encouraging, the responsibilities attached to this job is quite demanding, therefore, get your mind prepared for it.

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