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Interesting Gist On The Working Conditions In The Top Naija Banks

I came across this post by superstar1 on Nairaland.com. It describes the working conditions and the pay for the top banks in Nigeria.

i am working in one of the banks, my bank is not in the top five yet but in the top ten.
do not be deceived wit all those paper pays and apart from that, HR policies of each of the banks differs

if  u say bank phb is the highest paying you make me laugh.See they will just tell u the good part of it they, leaving out the negatives.

Do u know that in the same bank phb, you only earn the percentage of the branch target that was met for that month. If u branch makes 75% in target and profitability, then you are going too earn 75% of your salary, be it business developers (marketers) or support guys (operations).

Entry level for 1st bank is 104k and it is a less stressful place to work. this is because they have cheap funds —- monies of our great grandfathers are dead that we are not even aware of (ie monies of the dead).The amalgamation of this funds over the decade makes 1st bank a big bank, thereby putting less stress on ttheir biz developers. they are really being proactive and dynamic nowadays.

As for intercontinental bank, nice pay but unsecured work.don’t be surprised if u get to work tommorrow morning and that your colleague is under suspension for what could be treated as minor issues in other
places.sincerely, i don’t know how there staffs still manage to put up asmil despite the uncertainties thaats surrounds them.

Zenith Bank pay is quite small at entry level but they usualy promote across board unlike other places where promotion is based on performance. Zenith promotes u for your effort and also promotes attimes for you to be geared to be like top performers though you’re not performing very well. if u really want to learnt the ethics and basics of banking, it is not the best place to start for a marketer becoz u will not know more than how to generate deposit. the other aspects of banking ie risk assets generation (credit packaging) will be virtually nil. It is a nice place to be wit good and strong corporate image.they have a sound IT in place and their staffs are proud of heir bank.

GTB is a very classy place to work. my problem wit them, they have quite a sizeable number of contracts staffs as support. their psy is cool too and your promotion is rest assured.their staffs are very distinct.their
staffs are very proud f their bank too.

Oceanic pays well too. It is roughly 90k at the begining for 6months, before you are upgraded from PIT to AO and you start earning upto 156k in a month. They are also pay 87k as quaterly pay for entry level. It is a bank that needs to pay more attention to the quality of staffs they recruit, as well as their IT. more often than not, they are always having finacle down time.at times the quality of staff recruit is a reflection of the organisation.I tend to wonder if some of them tipped HR to be employed or maybe the people that are recruiting are recruiting people like them.

FCMB is a place i will rather advise entry level guys to start from becoz they will learn more within a short period of time. after acquiring the knowledge here, the sky is not even the limit again. entry level is 160k per month before confirmation. immediately you are confirmed, your monthly pay drops to 87k but the remaining part is paid as quarterly pay every three months. this is usally upto 220k.you also have access to 80k line of medical services. they have a superb IT facility and their staffs are highly knowlegeable. My problem with FCMB is their staffs. thay are usually not proud of their workplace and they have a very cause to be — nice t-shirt,advert,product,building. i love their lapel pin.

Stanbic IBTC is a lovely place to work too. entry level is upto 150k.it is another place i ll recommend to starters to begin from because they will learn alot from here.their staffs are cool.

Skye bank — entry level is 130k (not too sure).i heard they have a lot of contracts staffs too. i had an unpleasant experience wit some of their marketers last week and i promised myself if those are the calibres of people working in skye, i will never work for them.they have a very good advert that won them into the hearts of nigerian. i tot they dropped their standard wit that new hakuna matata advert.they also need

to improve their IT.

Access bank place alot of emphasis on the quality of their recruitment.though they have contract staffs too and
they staffs look well paid. entry level i sup to 120k.so i heard o.

ETB — heard they pay well, but it is a one-man biz that is not quoted on the stock market floor.

i don’t know much about the following. —— Fidelity, Eco,Unity, first inland,Union

Be that as it may, banking sector is still one of the best place to work. It makes u couthe and respected.you also meet people you would never jave dreamt of meeting.in terms of pay, the oil boiz may be ahead
initially but the problem is that they hardly get promoted unlike a banker that can become a BM within 4-5years whereas your friend in the oil sector is just about getting his 1st promotion and a time is coming

when money might no be important again but positions. that is why you see people intoducing themselves as Head of this and that while your friend in the oil industry is still saying yes sir to the same oga he has been saying it to for 5years.

Truly speaking, the best thing you can do for yourself is to be self employed.I have read wrote about bankers abd i just an help laughing attimes. banking is not all about marketing and begging for money. there are

other technical depts — finacial control, treasury, credit admin etc. u never know wetin dey, until you’re in the system. i rest my case

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