In this article, we shall be discussing about Zenith Bank Salary Structure In Nigeria this 2023. This financial institution is one of the oldest commercial banks in the country and it ranks as the best bank in Nigeria today. As we proceed, we will enlighten you on how much they pay their workers per month in detail.
ZENITH BANK NIGERIA: COMPANY OVERVIEW
Zenith Bank Plc was founded in May 1990, and commenced operations in July, that same year as a commercial bank. On June 17, 2004, the Bank became a public limited company and was listed on the Nigerian Stock Exchange (NSE) on October 21, 2004 after a highly successful Initial Public Offering (IPO). Zenith Bank Plc currently has a shareholder base of about one million and is Nigeria’s biggest bank by tier-1 capital. In 2013, the Bank listed $850 million worth of its shares at $6.80 each on the London Stock Exchange (LSE).
Zenith Bank Nigeria has its headquarters in Lagos State, and this top financial institution in the country has over 500 branches and business offices in prime commercial centres in all states of the federation and Abuja, the Federal Capital Territory (FCT). In March 2007, the Bank was licensed by the Financial Services Authority (FSA) of the United Kingdom to establish Zenith Bank (UK) Limited as the United Kingdom subsidiary of Zenith Bank Plc.
Subsidiaries of the Bank in other West African countries include: Zenith Bank (Ghana) Limited; Zenith Bank (Sierra Leone) Limited; and Zenith Bank (Gambia) Limited. This commercial bank also has representative office in The People’s Republic of China, and the Bank plans to take the Zenith brand to other African countries as well as the European and Asian markets.
Zenith Bank Plc blazed the trail in digital banking in Nigeria; scoring several firsts in the deployment of Information and Communication Technology (ICT) infrastructure to create innovative products that meet the needs of its teeming customers. The bank is verifiably a leader in the deployment of various channels of banking technology, and the Zenith brand has become synonymous with the deployment of state-of-the-art technologies in banking.
Driven by a culture of excellence and strict adherence to global best practices, the Bank has combined vision, skillful banking expertise, and cutting edge technology to create products and services that anticipate and meet customers’ expectations; enable businesses to thrive and grow wealth for customers.
Zenith Bank Plc, founded by Jim Ovia in 1990, has since grown astronomically to become one of the leading financial institutions in Africa. Zenith Bank Plc currently ranks as the 6th biggest bank in the continent. The Bank grew its shareholder’s fund of ₦20 million in 1990 to ₦704.50 billion as at year end 2016. Today, the Bank continues to thrive on the strong values, brand equity, corporate culture of professionalism and service excellence which are the foundations upon which the bank was built.
ZENITH BANK SALARY STRUCTURE IN NIGERIA 2023: HOW MUCH THEY PAY THEIR WORKERS
Being one of the most reliable banks in the country, this company has over the years evolved to become one of the best paying in the financial sector. Prospective employees who dream of working at this commercial bank will find this information very useful as it will give them an insight on what to expect as their Zenith Bank Salary per month in Nigeria, should they be recruited either on contract or full-time basis by the bank. Without much delay, let us look at how much Zenith Bank pays their staff members per month in Nigeria today.
ZENITH BANK NIGERIA MONTHLY SALARY FOR INTERNS
At Zenith Bank Nigeria, interns such as those undergoing their industrial training, as well as those serving their fatherland through the compulsory NYSC scheme, are paid average salaries of ₦35,000 per month.
ZENITH BANK NIGERIA SALARY SCALE FOR GRADUATE TRAINEES
On the average, graduate trainees at Zenith Bank Nigeria are paid about ₦42,000 every month throughout the duration of their trainee programme and this is improved upon when they are permanently staffed via entry level.
ZENITH BANK NIGERIA SALARY STRUCTURE FOR ENTRY LEVEL STAFF
On the average, this 2023, the monthly salary scale for entry level workers at Zenith Bank Nigeria is between the range of ₦108,000 – ₦110,000, and this totals a yearly payment between ₦1.2 million – ₦1.3 million. Fresh graduate workers at Zenith Bank receive these earnings based on the departments they are employed in. Payment increases with experience and promotion. Other bonuses apply.
ZENITH BANK SALARY SCALE FOR CUSTOMER SERVICE WORKERS
Customer service employees at Zenith Bank Nigeria are paid average monthly salaries of ₦100,000, which amounts to ₦1.2 million every year.
HOW MUCH DOES ZENITH BANK NIGERIA PAY MARKETERS?
At Zenith Bank Nigeria, marketers are paid between the salary scale of ₦145,000 – ₦155,000 per month, which equals a total yearly payment between the pay range of just over ₦1.7 million – ₦1.8 million.
HOW MUCH DOES ZENITH BANK PAY EXECUTIVE ASSISTANTS AS SALARY PER MONTH?
Executive assistants at Zenith Bank Nigeria Plc are paid monthly salaries between the range of ₦150,000 – ₦180,000 depending on the location of and department within the Bank. This totals yearly salary amounts between ₦1.8 million – ₦2.2 million.
ZENITH BANK SALARY SCALE FOR BANKING OFFICERS
Banking Officers at Zenith Bank Plc earn monthly take home pay between ₦390,000 – ₦420,000, translating to ₦4.6 million – ₦5 million every year.
LOAN OFFICERS SALARY SCALE AT ZENITH BANK NIGERIA PLC
Loan officers are senior banking officers at Zenith Bank who earn an average monthly payment of about ₦510,000, amounting to just over ₦6 million per year.
CREDIT ANALYSTS MONTHLY SALARY AT ZENITH BANK
Credit analysts at Zenith Bank Nigeria Plc are senior banking officers who are also among the top earners. They pocket a monthly salary of about ₦575,000, which equates to yearly earnings of ₦6.9 million.
RELATIONSHIP MANAGERS SALARY STRUCTURE AT ZENITH BANK NIGERIA PLC
Relationship managers at Zenith Bank are senior employees that earn between ₦560,000 – ₦600,000 as salary per month, which totals about ₦6.7 million – ₦7.2 million per year.
BRANCH MANAGERS SALARY SCALE AT ZENITH BANK PER MONTH
Branch Managers, being the most senior staff members at every bank branch of Zenith Bank earn an average monthly salary of about ₦700,000, totalling an average yearly earning of about ₦8.4 million, with attractive allowances and benefits that further increase their pay.