Polaris Bank Salary Structure: How Much Staff Earns (2021)

If you want to know how much Polaris bank pay their staff, then this article is for you.

Polaris Bank was established by the Central Bank of Nigeria (CBN) on September 21, 2018 to offer commercial banking services to the Nigerian public.

The bank commenced services on the same day, having purchased the assets, and assumed certain of the liabilities, of the defunct Skye Bank.

With a footprint of over 350 branches in every corner of the country, Polaris Bank prides itself in delivering exceptional customer experience, leveraging best in class/state of the art Information Communication Technology (ICT). By focusing on ICT solutions across multiple service delivery channels (mobile banking, ATMs, POS and online platforms) Polaris Bank maintains a pivotal role in the Nigerian banking industry, providing customers with simple, convenient and secured banking servicesPolaris Bank Salary Structure: How Much They Pay Their Staff

The bank has a salary structure that is based on the level of the staff and workers. This means that the salary is given with respect to the rank of staff. It’s important to note that these salaries are subject to change with time. Nonetheless, here is a picture of the monthly salary payment of Polaris Bank employees in Nigeria:

Graduate Trainee Workers Salary

If you are puzzled on how much Polaris Bank pay their new intake which are graduate trainee. This set of staff are trainees that work with the bank. Before they are integrated into the bank as full members of staff, they are required to undergo at least 4 – 6 months of training.
.
Graduate trainees at Polaris bank are paid monthly salaries in the range between ₦35,000 – ₦40,000, which is during the training process.

On the course of this programme, the trainees will go on a theoretical and practical training in order to get them acquainted with banking practices in the financial sector. Further as they approach the end of the programme, they are sent on a two-weeks compulsory attachment at various ot.

There they are given the final practice training where they are mentored on real life on-the-job involvements. Graduate trainees are finally confirmed for employment as full staff after the successful training.

Polaris Bank Contract Staff Salary

This is the category of staff that are not fully employed, but only contracted to the bank. The bank employees at this level are not entitled to any promotion until they fulfil a number of years on the job before they are will undertake a promotional exams which will determine whether or not they will be made full staff members of this financial institution. This level is a good entry level to the bank.

The salary range of contract staff at Polaris Bank Limited ranges between ₦55,000 – ₦60,000. This is what they are paid monthly.

Polaris Bank Entry Level Salary

The entry level is the first stage immediately after getting employment into Polaris Bank. These are mostly fresh graduates that has passed the graduate trainee level.

Polaris Bank entry level employees are paid a salary per month between the range of ₦100,000 – ₦110,000 and this is independent of allowances and bonuses. Though, it might differ slightly, you have to take of note that these entry salaries for fresh graduates are estimates and they may change with respect to the job description.

Polaris Bank Senior Banking Officers Salary

How much money does Polaris Bank pay their top staff which are Senior Banking Officers? These are workers who are the top official of Polaris Bank Limited in any of their branch.

Basically, senior banking officers are those workers who are at the top of the hierarchical order of employees at the bank. Of course, they are the ones that should be earning the most in the bank.

The salaries per month for Polaris Bank Senior Banking Officers can start from ₦400,000 and go higher than this, depending on the position which any of these staff have attained during their stay with the bank.

As top official of the bank, that are given some add-ons to complement their salary. Keeping aside these monthly salaries, there are additionally allowances and bonuses that are paid to Polaris Bank workers. This pay is determined by the bank and with respect to their service. This makes it not be fixed as their monthly take home pay.

Conclusion

That’s it on the salary structure of Polaris Bank workers and staff. This article incorporated the salary range for all staff levels of the bank. The aforementioned figures is as yet dynamic and updated on the current salary scale of the commercial bank. We believe this was informative enough and should you ever want to know how much this bank gives their staff, then this will be a good comprehensive guide.

0 Shares:
Leave a Reply

Your email address will not be published.

You May Also Like