GTBank Salary Structure in Nigeria (2020)

This article is about Guaranty Trust Bank (GTBank) salary structure in Nigeria this 2020. If you would like to know how much they pay their staff, especially their entry level workers, we have done our best to bring to you estimated figures that should give you a hint of what to expect should you land a job at the bank. We emphasize on fresh graduates because they are potential employees and are always looking for jobs. In this article, we have listed how much GTBank pays its workers per month for both new recruits and experienced members of staff.

GTBank Salary Structure in Nigeria

OVERVIEW OF GUARANTY TRUST BANK (GTBANK)

Guaranty Trust Bank Plc. (GTBank) is a multinational financial institution that provides individuals, businesses, private and public institutions across Africa and the United Kingdom with a broad range of market-leading financial products and services. Headquartered in Lagos, Nigeria and with subsidiaries in Cote D’Ivoire, Gambia, Ghana, Liberia, Kenya, Rwanda, Tanzania, Uganda, Sierra Leone and the United Kingdom, the Bank currently employs over 12,000 professionals and as at 2020, has Total assets and Shareholders’ Funds of ₦4.057 trillion and ₦661.1 Billion respectively.

GTBank, constantly strives to create the best outcomes for its customers and communities. Their strong service culture, efficient management, world class corporate governance standards and bias for innovation has enabled them maintain consistent year on year growth in customer base and profitability since establishment. They are also passionate champions and enduring patrons of a wide range of Social Responsibility causes channelled towards improving access to Education, driving Community Development, promoting the Arts and and protecting the Environment.

The bank is a purely Proudly African and International Institution, and they are fully invested in powering our continent’s progress, being at the forefront of promoting enterprise and empowering small businesses, and their free business platforms, the GTBank Fashion Weekend and the GTBank Food and Drink Festival, are driving the growth of the continent’s fashion and food industries, helping to create new and global opportunities for the Africa’s incredibly young population.

GTBank has a vision to become a Platform for Enriching Lives by building strong, value adding relationships with customers, stakeholders and the communities in which it operates. In line with this vision, the bank is constantly pioneering ground-breaking ideas that offer customers more value beyond banking, such as Habari, an integrated digital platform that connects customers to anything they need, from e-commerce to music, in one place. They are also revolutionizing access to consumer loans with their first-of-its-kind digital lending product, Quick Credit, which gives individuals and small businesses instant, real-time access to loans anytime, anywhere.

In 2019, GTBank was recognized as the Best Bank in Africa and Best Bank in Nigeria, by the Euromoney Magazine and the Best Banking Group and Best Retail Bank Nigeria by World Finance Magazine. That same year, the bank also dominated the Central Bank of Nigeria’s Electronic Payment Incentive Scheme (EPIS) Efficiency Awards for the third year in row, taking home 8 of the 12 honours for banks at the forefront of driving the digitalization of financial services.

GTBANK SALARY STRUCTURE IN NIGERIA  2020: HOW MUCH GTBANK PAYS ITS WORKERS

Having gotten an insight about what GTBank is all about from its company profile, let us now take a look at how much GTBank pays its employees at almost every level in its organizational structure below:

HOW MUCH DOES GTBANK PAY INTERNS PER MONTH AS SALARY?

GTBank Nigeria pays interns a monthly salary of ₦40,000. This amount is paid to the intern on a monthly basis till their internship programme ends. This salary per month amounts to ₦480,000 on an annual basis.

HOW MUCH DOES GTBANK PAY ITS GRADUATE TRAINEES AS SALARY PER MONTH?

Graduate trainees at GTBank are paid a monthly salary of ₦200,000 monthly. Graduate trainees are groomed to take up important positions at the bank over the course of time. This monthly salary package gives a sum total of ₦2.4 million per year.

HOW MUCH DOES GTBANK PAY ITS ENTRY LEVEL WORKERS AS SALARY PER MONTH?

Entry level staff at GTBank are paid monthly salaries of ₦209,000, totalling just over ₦2.5 million a year and apart from their basic salaries, they also enjoy other allowances and bonuses that help increase their total earnings.

ASSISTANT BANKING OFFICERS SALARY AT GTBANK 

Assistant Banking officers are paid a monthly take home pay of about ₦250,000 at GTBank, and this totals up to ₦3 million per year. Employees at this work level are higher in position than those at entry level.

BANKING OFFICERS SALARY STRUCTURE AT GUARANTY TRUST BANK

At Guaranty Trust Bank (GTBank), Banking officers earn as high as ₦350,000 per month and this amounts to ₦4.2 million per year.

HOW MUCH DOES GTBANK PAY ITS SENIOR BANKING OFFICERS AS SALARY PER MONTH?

On the average, senior banking officers At Guaranty Trust Bank earn a monthly take home pay of ₦500,000 which amounts to ₦6 million every month. Their allowances and bonuses add considerable increases in their total earnings.

HOW MUCH DOES GTBANK PAY ITS ASSISTANT MANAGERS AS SALARY PER MONTH?

Assistant managers at Guaranty Trust Bank are paid salaries totalling ₦650,000 every month and this amounts to being paid ₦7.8 million per year.

GTBANK DEPUTY MANAGERS SALARY PER MONTH

Deputy managers in Guarantee Trust bank are paid ₦800,000 per month and this totals yearly earnings of ₦9.6 million. Deputy managers are superior to assistant managers and answerable to branch managers.

HOW MUCH DOES GUARANTY TRUST BANK PAY BRANCH MANAGERS AS SALARY PER MONTH? 

Branch managers at GTBank oversee the day to day running of a particular branch of the bank. They are the highest ranking employees at their branches and they are paid monthly salaries of ₦1.3 million which amounts to ₦15.6 million per year.

The Author

Maduawuchi Obialo

Maduawuchi Obialo is the founder of Nigerian Guide and an Editor at Nigerian Infopedia. He is a professional Web Content Developer and a Biochemist.

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