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GTBANK SALARY STRUCTURE IN NIGERIA 2021: HOW MUCH GTBANK PAYS ITS WORKERS

GTBANK SALARY STRUCTURE IN NIGERIA 2021: HOW MUCH GTBANK PAYS ITS WORKERS

The banking sector is known to be on the high sides in paying salaries, so, many eligible graduates always look forward to landing a bank job. GTBank is one of the best place to start a career as it is ranked as one of the best banks in Nigeria according to Financial Times.

It was also listed as the highest paying bank in the country in 2018. They have succeeded in carving a niche for in the banking industry and is a pathfinder for other commercial banking services in Nigeria.

Guaranty Trust Bank is a multinational financial institution that provides individuals, businesses, private and public institutions across Africa and the United Kingdom with a broad range of market-leading financial products and services. Headquartered in Lagos, Nigeria and with subsidiaries in Cote D’Ivoire, Gambia, Ghana, Liberia, Kenya, Rwanda, Tanzania, Uganda, Sierra Leone and the United Kingdom. The Bank currently employs over 12,000 professionals and as at 2020, has Total assets and Shareholders’ Funds were ₦4.057 trillion and ₦661.1 Billion respectively.

GTBank, constantly strives to create the best outcomes for its customers and communities. Their strong service culture, efficient management, world class corporate governance standards and bias for innovation has enabled them maintain consistent yearly growth in customer base and profitability since establishment. They are also passionate champions and enduring patrons of a wide range of Social Responsibility causes channelled towards improving access to Education, driving Community Development, promoting the Arts and and protecting the Environment.

The bank is a purely Proudly African and International Institution, and they are fully invested in powering our continent’s progress, being at the forefront of promoting enterprise and empowering small businesses, and their free business platforms, the GTBank Fashion Weekend and the GTBank Food and Drink Festival, are driving the growth of the continent’s fashion and food industries, helping to create new and global opportunities for the Africa’s incredibly young population.

GTBank has a vision to become a Platform for Enriching Lives by building strong, value adding relationships with customers, stakeholders and the communities in which it operates. In line with this vision, the bank is constantly pioneering ground-breaking ideas that offer customers more value beyond banking. They are also revolutionizing access to consumer loans with their first-of-its-kind digital lending product, Quick Credit, which gives individuals and small businesses instant, real-time access to loans anytime, anywhere.

GTBANK SALARY STRUCTURE IN NIGERIA 2021: HOW MUCH GTBANK PAYS ITS WORKERS

GTBANK SALARY STRUCTURE

Let us take a look at how much GTBank pays its employees at almost every level in its organizational structure.

INTERNS

GTBank interns receive a salary of ₦40,000 per month till when the internship programme last. Guaranty Trust Bank takes interns every year and they go through training that may lead to full employment if they do well. They are assigned to different department which are of interest to them.

GRADUATE TRAINEES

Graduate trainees at GTBank are paid a monthly salary of ₦200,000 monthly. Graduate trainees are groomed to take up important positions at the bank over the course of time. This monthly salary package gives a sum total of ₦2.4 million per year.

ENTRY LEVEL WORKERS

Entry level staff at GTBank this 2021 are paid monthly salaries of ₦209,000, amounting to just over ₦2.5 million a year and apart from their basic salaries, they also enjoy other allowances and bonuses that help increase their total earnings.

ASSISTANT BANKING OFFICERS

Assistant Banking officers are paid a monthly take home pay of about ₦250,000 and this totals up to ₦3 million per year. This is a promotional level from entry level staff which comes with higher level of experience than the former.

BANKING OFFICERS SALARY

At Guaranty Trust Bank (GTBank), Banking officers earn as high as ₦350,000 per month and this amounts to ₦4.2 million per year.

SENIOR BANKING OFFICERS

On the average, senior banking officers At Guaranty Trust Bank earn a monthly take home pay of ₦500,000 which amounts to ₦6 million every month. Their allowances and bonuses add considerable increases in their total earnings.

ASSISTANT MANAGERS

Assistant managers at Guaranty Trust Bank are paid salaries totalling ₦650,000 every month and this amounts to being paid ₦7.8 million per year.

DEPUTY MANAGERS SALARY

Deputy managers in Guarantee Trust bank are paid ₦800,000 per month and this totals yearly earnings of ₦9.6 million. Deputy managers are superior to assistant managers and answerable to branch managers.

BRANCH MANAGERS

Branch Managers Salary At GTBank Nigeria
The branch managers are responsible for supervising the banking activities of their designated branch. Of course, this is a dream position for workers in the bank because of the mouth-watering pay. But with a mouth-watering pay comes higher responsibility. As such the position comes with higher requirements like many years of experience with the bank, exceptional work ethics, and other individual achievements.

Having said all these, Guaranty Trust Bank pay their Branch managers a minimum of ₦1.3 million monthly and 15.6 million yearly as salary in Nigeria. Asides the primary salary, permanent staffs are also eligible to get a number of benefits and allowances. Also, the longer they stay in the bank, the higher their salary gets. They also start getting leadership positions.

CONCLUSION

Guarantee Trust Bank(GTB) Nigeria is a reputable organization to work in. Therefore, getting a job in this banking institution is an achievement for many job seekers. Also, it is important to note that many factors can contribute to how much a GTB staff walks home with every month. Some of these factors include job specification, level of experience, position and location of the bank

 

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