Graduating from university and stepping into the professional world can feel like walking into a maze, especially when you’re banking on earning a solid paycheck as soon as possible. Banking is one of the most sought-after careers in Nigeria and everyone’s talking about how “bank jobs pay well.” But how well is “well,” exactly?
We’ve put together a detailed breakdown of what Nigeria’s top banks pay their graduate trainees and entry-level staff, so you know what to expect if you’re stepping into the banking industry.
How Much Do Top Nigerian Banks Pay Graduate Trainees?
- Standard Chartered Bank – ₦514,000
Standard Chartered tops the chart with the highest entry-level salary. Graduate trainees earn around ₦514,000 monthly (after tax). This bank offers an international work environment, which makes it attractive for young professionals who want global exposure early in their careers. Top performers in their 18-month graduate program get the opportunity to work in Singapore or Kenya as part of their rotational assignments. Asides the relatively high salary, the bank also offers structured development programs for employees. Check out their official careers page.
- Stanbic IBTC – ₦511,000
Stanbic IBTC comes in a close second, offering about ₦511,000 monthly. It’s known for professionalism, good staff welfare, and solid career growth. New hires go through a detailed onboarding process with extensive training and mentorship. Stanbic is great for people who want to build long-term careers in corporate or investment banking. Check out Stanbic IBTC Careers page.
- Providus Bank – ₦433,000
This fast-growing bank pays its entry-level staff ₦433,000, making it one of the highest-paying Nigerian banks. It’s a great place for graduates who want to work in a smaller but dynamic bank that values performance and innovation. Current employess report a fast-paced work environment with quick growth opportunities. Get more information here.
- GTBank – ₦433,000 (Tech Roles), ₦325,000 (Non-Tech)
GTBank pays ₦433,000 for tech-related roles and ₦325,000 for others. This is a great option for graduates who want to enter the tech or digital banking space. GTBank also has one of the most rigorous but respected training schools in the industry. Get more information here.
- Wema Bank – ₦388,000
Great for those who want to work in digital banking and fintech.
Wema Bank pays about ₦388,000 monthly. Known for launching ALAT, Nigeria’s first fully digital bank, Wema offers a modern work culture that blends traditional banking with innovation. Check out Wema Bank’s career page.
- United Bank for Africa (UBA) – ₦376,000
UBA offers about ₦376,000 monthly to graduate trainees. With a strong presence across Africa, UBA is ideal for young professionals who want to grow across borders. Their graduate training program is structured and well-regarded. UBA Careers Page.
- Fidelity Bank – ₦360,000
Fidelity Bank pays ₦360,000 monthly and provides consistent opportunities for internal career advancement. It’s great for graduates who want to grow steadily and gain experience in corporate, retail, or SME banking. Get more information here.
- Union Bank – ₦350,000
Union Bank pays ₦350,000 and has a history of stability and strong corporate governance. It offers entry-level staff structured learning and career progression while maintaining a friendly environment. Check out Union Bank’s Career Page.
- Sterling Bank – ₦327,000
Sterling offers ₦327,000 monthly and is known for its relaxed culture and employee-first mindset. The bank is also actively involved in social causes, innovation, and sustainable banking. Get more information on opportunities at Sterling Bank here.
- First Bank – ₦420,000 (Tech), ₦312,000 (Non-Tech)
Nigeria’s oldest bank pays ₦420,000 for tech roles and ₦312,000 for other entry-level positions. It’s a good place to build a long-lasting career, especially with its wide network and established systems. Read more about careers at First Bank here.
