Fidelity Bank Plc is a big Nigerian commercial bank licensed by the Central Bank of Nigeria (CBN) to render global financial services.
The bank which began operation in 1988 as a merchant bank, eventually rose to become a Universal bank in February 2001 after a successful conversion banking services in 1999.
Fidelity Bank Plc is rated one of the top banks in Nigeria after a successful merger with former FSB International Bank Plc and other banks in 2005.
Over the years, the bank has grown significantly with a customer base of over 5 million and about 250 branches across Nigeria.
The bank currently maintains a revolutionary pace and responding to the dynamic needs of its customers, investors, employees, host communities and other stakeholders in line with the contemporary global financial services.
In this post, we shall take a look at the bank salary structure for its staff, ranging from Bank interns, entry level, graduate trainees to the senior management positions. We shall also look at their employment opportunities and of course those factors that determine the Bank Salary Structures for their numerous staff payrolls in Nigeria, based on their wealth of experience, skills and qualifications.
Fidelity Bank Plc, like any other vibrant banks in Nigeria, has two types of bank staff namely – a Contract Staff banker and Core Staff banker who is permanent or a regular banker.
- Contract staff:These are staff who are not permanent with the bank. They can only be permanent or absorbed fully into a particular bank after they have fulfilled certain terms of Contract.
- Core staff:On the other hand, core staff are those that are employed by the bank. They are permanent and earn even higher than the contract staff. Their contract with the bank can only be terminated where cases of fraud or financial mismanagement have been discovered.
Below are Fidelity Bank Plc Salary Structures for its Staff 2023.
- These are bank interns and Students undergoing their industrial training (IT). Fidelity Bank Plc pays a monthly salary of between N10,000 to N15,000 and a total sum of N180,000 yearly. This amount is for a period of six months duration for University and Polytechnic students.
- Graduate Trainees: They are the newly recruited employees into Fidelity Bank Plc to handle weight of responsibilities as they grow steadily with time and experience in the bank. They earn N60,000 per month and a yearly sum of N720,000.
- Entry Level Staff: receive N140,000 monthly which amounts to N1.6 million yearly, excluding some allowances, bonuses and other benefits.
- Branch Managers: constitute the highest paid staff in Fidelity Bank Plc with a monthly pay of between N700,000 to N1 million and a yearly sum of N8.4 to N12 million.
Deputy managers, Principal managers as the case may be, fall under this category and they oversee the day to day running of the various branches with less supervision. They also enjoy watering-benefits and allowances with the bank.
In summary, Fidelity Bank Plc also made the list of top 10 Nigerian best, efficient, reliable and giant banks in the global financial services where its staff are handsomely paid and jobs secured. The bank is also a customer-friendly bank for Nigerians and a decent financial institution in the country to work for.
The salary structures indicated above is still very much in force and job seekers in the categories of graduate trainees and others who have the intention to work with the bank or move from other sister banks in Nigeria to Fidelity Bank Plc, will find the information provided here very useful and beneficial.