Heritage Bank, a former Societe Generale Bank of Nigeria is a commercial bank licensed to operate global financial services in the country.
The bank was incorporated in 2012 with its headquarters located in Ahmadu Bello Way, Victoria Island, Lagos.
Heritage Bank has since grown to become one of the top best banks in Nigeria with a total asset base of over $15 billion dollars and a large customer base of about 8million and over 100 branches across 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.
The staff of the bank will attest to this fact as they are well paid for their services, one of the salient reasons why its staff work for longer period of time without unnecessary complaints of poor remuneration or moving to other sister banks in the country.
In this article, we shall bring you the salary structures for staff in different categories of Heritage bank, the employment opportunities and of course factors that determine the Bank Salary Structures for their over a 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. This category of staff are however not available in Heritage bank.
- 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 Heritage bank can only be cut short where cases of fraud or financial mismanagement have been identified.
Heritage Bank Staff Salary Structures According To Their Levels 2023:
Below are various positions occupied in Heritage bank 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.
All fresh graduates in Heritage bank are placed on a Graduate Development Programme for a period of three months, which comprises of classroom and On-The-Job training. This is to enhance its operational efficiency and effectiveness across the various branch network.
Recently, the bank launched a Graduate Trainee Programme, designed to select, develop, and build a pipeline of next generation leaders and bankers who will be trained to drive the Bank’s vision of being the best commercial bank in Africa.
Graduate trainees: earn between ₦35,000 – ₦45,000 monthly throughout the duration of their trainee programme. The monthly salary is to cover their transport and other expenses during the training period.
The Entry Level Staff: These categories of staff of Heritage bank are graduates from trainee level. They earn as much as N125,000 monthly amounting to about N1,500,000 yearly, excluding bonuses and benefits that may be shared at the end of the year.
The Management Positions: The management or executive positions with Heritage bank are given weight of responsibilities in the bank. They see to the running of the day to day activities in the bank. They are well paid with a whopping sum of about N600,000 monthly and a yearly sum of N7,200,000. Branch Managers, Principal Managers and other executive positions fall under this category of management position.
From the above-highlighted salary structures, it is obvious that senior managers of Heritage bank strive to meet up with the weight of responsibilities lined up in the bank and they are the highest paid staff, excluding mouth-watering benefits and the occasional percentage of the bank’s profit.
In summary, Heritage bank remains one of the top best, efficient, reliable and big Nigerian banks in the global financial services where its staff are handsomely paid and jobs secured. The above information regarding the bank’s constitution and salary structures still remain valid and job seekers in the categories of graduate trainees who want to work with the bank and those who have the intention to move from other sisters bank in Nigeria will find the information provided here very useful and educative.