Stanbic IBTC Bank Plc is one of the top Nigerian global financial institutions charged with the responsibilities of rendering financial services.
The bank which has its headquarters in Lagos, Nigeria, has grown to become one of the leading commercial banks in the country with over 3 million customer base and staff strength of over 1500 payrolls.
Historically speaking, Stanbic IBTC has evolved over the years to become one of the big banks in Nigeria. The bank is owned by Stanbic IBTC Holdings, a subsidiary of the Standard Bank Group, owned by a giant South African financial services conglomerate.
Following the recapitalization of the Central Bank of Nigeria (CBN), the bank merged with the then Chartered Bank Plc and Regent Bank in December 2005 and had its name metamorphosed into IBTC Chartered Bank Plc.
Stanbic IBTC has since emerged one of the top banks, listed in the Nigerian Stock Exchange with over N125 billion total asset base. The bank is also reputed for its modern banking technology and offers personal loans and vehicle and asset financing through Master Card debt cards or Visa Cards, home loans through internet banking services and others.
Stanbic IBTC bank Plc is a friendly bank, that 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 Stanbic IBTC Bank, the employment opportunities and of course factors that determine the Bank Salary Structures for their over a thousand payrolls in Nigeria.
We begin by defining a banker as a person who renders 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.
Stanbic IBTC Bank Salary Structure 2023
Below are various positions ranging from Graduate trainees to Senior management positions of Stabic IBTC Bank and their monthly salaries:
Graduate Trainees: In Stanbic IBTC Bank, graduate trainees receive between N30,000 to N55,000 monthly throughout their training period after which they are absorbed fully into the banking services and their salaries upgraded to entry level status.
Contract Staff: They are employees with Stanbic bank with a monthly take home of about N60,000 – N70,000 totally about N720,000 to N840,000 yearly. As explained above, they may become core staff after meeting with the bank’s set requirements.
Bank Tellers Officers: earn about N50,000 to N70,000 which amounts to about N600,000 to N840,000 yearly.
Customers Service Officers: earn between N55,000 to N70,000 monthly and a yearly sum of N660,000 – N840,000.
Much Much Entry Level: as they call it, are better paid with much banking responsibilities. They earn about N107,000 – N120,000 monthly, totaling about N1.1 million to N1.4 million yearly.
Digital Marketers: Digital marketers with Stanbic IBTC earn about N76,000 to N80,000 and a yearly sum of N912,000 to N960,000.
Senior Banking Executives: Here the weight of bank responsibilities rest on these categories of staff. They are the most paid staff with a monthly pay of about N350,000.
To sum up, Stanbic IBTC Bank Plc remains one of the top Nigerian best, efficient, reliable and giant banks that render global financial services where its staff are well 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 rewarding.