Wema Bank Plc Salary Structures 2023

Wema bank Plc is a Nigerian commercial bank licensed to operate global financial services.

The bank has over the years grown to become one of the leading global banks in Nigeria with over 150 branches spread across the country and industry-leading technology.

Wema bank Plc evolved from the then Agbonmagbe bank limited in 1945 and transferred into what we now have as Wema bank Plc, ensuring a sustainable banking technology and prominence in the sector.

Wema Bank was listed on the Nigerian Stock Exchange and by 2001 was granted a universal banking license to operate a broader range of banking services.

The bank which has its corporate headquarters in Marina, Lagos Nigeria has over 150 branches in Nigeria with a customer base of over 5 million. Wema has since become one of the regional financial power house through its adoption of digital technology, which led to the launch of ALAT, the first of its kind in Nigeria’s fully digital bank, thereby giving rise to a revolutionary Wema bank product from 2017 till date.

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 Wema 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 sister banks in the country.

In this article, we shall bring you the salary structures for staff in different categories of Wema Bank Plc, 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.

Generally speaking, there are two types of bank staff namely – a Contract Staff banker and Core Staff banker who is permanent or a regular banker. Wema bank Plc maintains the two types of bank staff.

1. Contract staff:These are staff that 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.
2. 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.

Wema Bank Plc Staff Salary Structure 2023 According To Their Levels:

Below are various positions occupied in Wema Bank and how much they pay their staff from Contract staff, Trainee level, 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.

Contract Staff: With Wema bank Plc are non permanent staff, but would aspire to be permanent after years of excellent service. They earn between N75,000 to N100,000 monthly salary.

Graduate Trainees: are those who undergo training before being absorbed fully into the banking services. They receive between N40,000 – N55,000 monthly for the duration of their training.

Entry Level Staff: These are fresh graduates from Nigerian Universities and Polytechnics who upon their completion of their training begin their banking career. They earn between N120,000 – N170,000 monthly salary.

Bank Tellers Staff: These categories of staff with Wema Bank Plc are those that attend to customers who want to deposit or withdraw money in the banking hall. They earn a monthly sum of about N70,000 to N90,000.

Digital Marketers: Are staff that promote Wema Bank through the use of various online platforms. They earn a monthly salary of between N70,000 – N90,000.

Senior Banking Executives: They are the highest paid staff with Wema Bank Plc with greater responsibilities. They earn as much as N350,000 monthly salary upwards depending on the positions, outside a watering monetary benefits and allowances attached.

From the above-highlighted salary structures, it is obvious that senior banking executives strive to meet up with the weight of responsibilities lined up in the bank and they earn most in the bank.

In summary, Wema Bank Plc 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. The above highlighted salary structures for its staff still remain in force and job seekers in the categories of graduate trainees and those who have the intention to move from other sister banks in Nigeria will take an advantage of the information provided here very useful and educative.