Access bank salary structure currently is always a hot topic based on the level the company has attained in recent years. Being one of the biggest banks in the country today, this financial institution is one of the best in the business, and it is among the highest paying commercial banks in Nigeria presently as we shall soon find out shortly.
ACCESS BANK NIGERIA PLC: COMPANY OVERVIEW
Access Bank Plc is a leading full-service commercial Bank operating through a network of more than 600 branches and service outlets, spanning three continents, 12 countries and 31 million customers. The Bank employs 28,000 people in its operations in Nigeria and has subsidiaries in Sub-Saharan Africa and the United Kingdom (with a branch in Dubai, UAE) and representative offices in China, Lebanon and India.
Listed on the Nigerian Stock Exchange since 1998, Access Bank is a diversified financial institution which combines a strong retail customer franchise and digital platform with deep corporate banking expertise and proven risk management and capital management capabilities.
The Bank serves its various markets through four business segments: Retail, Business, Commercial and Corporate. The Bank has over 900,000 shareholders (including several Nigerian and International Institutional Investors) and has enjoyed what is arguably Africa’s most successful banking growth trajectory in the last twelve years. Following its merger with Diamond Bank in March 2019, Access Bank became one of Africa’s largest retail banks by retail customer base.
As part of its continued growth strategy, Access Bank is focused on mainstreaming sustainable business practices into its operations. The Bank strives to deliver sustainable economic growth that is profitable, environmentally responsible and socially relevant, helping customers to access more and achieve their dreams.
In honour of its defining roles across the African continent, Access Bank has been accorded recognition by reputable domestic and global organisations. Some of these recognitions include:
- 2019 World Finance Award “Best Digital Bank in Nigeria”
- 2019 World Finance Award “Best Mobile App in Nigeria”
- 2019 Karlsruhe Sustainable Finance Awards; “Outstanding Business Sustainability Achievement”
- 2018 Euromoney Private Banking Awards “Best Commercial Banking Capabilities”
- 2018 Euromoney ‘Africa’s Best Bank for CSR’ Award
- 2018 CBN ‘Sustainable Bank of the Year’; ‘Sustainable Transaction of the Year (Oil & Gas)’, ‘Sustainable Transaction of the Year (Power)’
- 2018 Global Banking and Finance Review, “Best Investor Relations Bank in Nigeria”
- 2018 SERAS ‘Most Sustainable Company in Africa”, 2019 CEO Awards Forum “Gender Leader of the Year” just to mention a few.
As of March 31, 2020, Access Bank Group was a large pan-African financial services organization with assets in excess of ₦7.28 trillion (US$18.82 billion). As of August 2020, the group maintained operational subsidiaries in 8 sub-Saharan countries and one Western European country. The banking group also has representative offices in four Asian countries, two of which are in the Middle East.
ACCESS BANK SALARY STRUCTURE: HOW MUCH ACCESS BANK PAYS THEIR WORKERS
We will be looking at Access bank salary scale in detail so as to find out what exactly they pay their members of staff as salaries per month. The monthly payments to various Access Bank workers is dependent on academic qualifications, experience, and a host of other factors as may be determined by the bank. Below are the salaries of different employees at Access Bank Plc.
ACCESS BANK SALARY SCALE FOR CONTRACT STAFF
Contract staff members at Access Bank Plc are paid monthly salaries in the range between ₦60,000 – ₦100,000, which amounts to yearly total sums of ₦720,000 – ₦1.2 million depending on their academic qualifications, and the department they are employed into. They may be placed on various targets that may end up determining their salaries per month.
ACCESS BANK PLC SALARY SCALE FOR CUSTOMER SERVICE EMPLOYEES
Customer service workers at Access Bank Nigeria earn monthly payments in the salary range between ₦75,000 – ₦120,000, that is, ₦900,000 – ₦1.4 million per year, and this depends on several factors as the bank sees fit.
GRADUATE TRAINEE MONTHLY SALARY AT ACCESS BANK
On the average, graduate trainees at Access Bank Plc are paid about ₦48,750 per month. This amounts to a total pay packet of ₦194,000 for the entire duration of their 4 months programme. Graduate trainees undergo a series of trainings upon their arrival at the bank as fresh intakes.
They are inexperienced bankers that are prepared for future roles at the bank and are taught everything they need to know concerning banking operations for the entire duration of their trainee programme before they are absorbed as Entry level staff.
MANAGEMENT TRAINEE SALARY STRUCTURE AT ACCESS BANK
The management trainee programme is different from the graduate trainee programme. Management trainees are experienced bankers from other banks that are recently employed by Access Bank and are trained for a duration of about 4-5 months on how the bank works. They are paid a salary of about ₦230,000 per month for the entire duration of their training programme.
HOW MUCH ARE ENTRY LEVEL STAFF PAID AS SALARY PER MONTH AT ACCESS BANK PLC?
Access Bank pays their entry level workers a monthly salary of about ₦237,000, which when summed up in a year, amounts to a total pay packet of ₦2.8 million. Access Bank entry level staff members are some of the best paid at their level in the banking sector currently and when you add other monetary benefits, their earnings are expected to rise significantly.
MONTHLY SALARY OF LOAN OFFICERS AT ACCESS BANK NIGERIA PLC
Loan Officers at Access Bank Nigeria earn monthly payments in the range between ₦350,000 – ₦450,000 which totals a yearly salaries between ₦4.2 million – ₦5.4 million.
CREDIT ANALYSTS SALARY SCALE AT ACCESS BANK
Credit analysts at Access Bank are paid between ₦500,000 – ₦650,000 per month. Meaning that in a year, their earnings when summed up, is between the salary range of ₦6 million – ₦7.8 million.
BRANCH MANAGERS SALARY STRUCTURE AT ACCESS BANK
Branch managers at Access Bank Nigeria are paid monthly salaries between ₦750,000 – ₦800,000 per month, which amounts to ₦9 million – ₦9.6 million per year.
The monthly salaries of Access Bank Nigeria Plc that are listed in this post are average monthly earnings of select staff at the bank. This means that their earnings may be more or less but they largely revolve around the ranges put up in this article. Kindly bear in mind that this article is purely for informational purposes only and that we do not have any links whatsoever with Access Bank Plc.