Ecobank is a Pan-African bank and one of the best, most efficient and reliable banks in Nigeria and indeed Africa with a large customer base of about 10 million and over 600 branches across Nigeria.
The bank was established in 1985 after duly registered by the Central Bank of Nigeria (CBN) and regulated by the Nigerian Deposit Insurance Corporation. Ecobank is Pan African Bank because of its number of business units it has since its inception across African continent till date.
The bank has evolved over the years with the successful acquisition of Oceanic bank International, acquiring deposit liabilities and customers of former All States Trust Bank, African International Bank Plc and Hallmark bank plc respectively.
The leading financial institution has its headquarters in Lagos State, Nigeria. The bank has over the years maintained a 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, operating a consolidated online banking.
The staff of the bank will attest to this fact as they are well paid for their services, one the salient reasons why its staff work for longer period of time without unnecessary complaints of poor remuneration or moving to other sisters bank in the country.
In this article, we shall bring you the salary structures for staff 2023 in different categories of Ecobank, the employment opportunities and of course factors that determine the Bank Salary Structures for their over two thousand payrolls in Nigeria.
By definition, a banker is a person who provides financial banking services in a bank.
Basically, there are 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 cut short where cases of fraud or financial mismanagement have been discovered.
Ecobank Staff Salary Structure 2023 According To Their Levels:
Below are various positions occupied in Ecobank and how much they pay their staff from graduate trainees, entry level to Senior management positions. This article reflects the salaries of most of their workers, though their allowances and other remunerations that may be added to their salaries are not included here.
Graduate Trainee: These are fresh graduates from Nigerian Universities and Polytechnics who are meant to undergo a temporary trainee period of between 4 – 6 months to acquaint them with the rudiments in banking. They earn as much as between N45,000 to N60,000 monthly.
Entry Level: They are the workers or staff of Ecobank upgraded from graduate trainee. They earn about N141,000 amounting to about N1.6 million yearly.
Loan Officers: Loan officers with Ecobank have weight of responsibilities in the banking business. They receive about N663,000 and a yearly sum of N7.9million. They also earn fabulous monthly bonuses and allowances.
Credit Analysts: These category of staff with Ecobank are saddled with much responsibilities and higher pay. They earn as much as N8.9 million yearly aside some monthly bonuses and allowances.
Branch Managers: Are the most senior and highest paid staff of Ecobank. They held various branches across the country and responsible for the day to day running of the Ecobank branches. They earn a whopping sum of N846,000 monthly and a yearly sum of about N10.6 million.
From the above-highlighted salary structures, it is obvious that Branch managers with Ecobank strive to meet up with the weight of responsibilities lined up in the bank and they earn much more than other staff, excluding mouth-watering benefits and the occasional percentage of the bank’s profit.
In summary, Ecobank remains one of the top 10 best, efficient, reliable and giant banks in the global financial services where its staff are handsomely paid and jobs secured. No doubt, job seekers in the categories of graduate trainees and those who have the intention to move from other sister banks in Nigeria will find the information provided here very useful and educative.