Salary Structure

Stanbic IBTC Bank Salary Structure In Nigeria

Stanbic IBTC Bank PLC, a prominent commercial bank in Nigeria, stands out not only for its excellent operations but also for its competitive salary structure. In this blog post, we’ll explore the bank’s salary ranges for various positions, providing insights into what employees, from entry-level to senior executives, can expect in terms of monthly compensation.

Company Overview

Established in 1989 as Investment Banking and Trust Company Plc (IBTC), the bank underwent strategic mergers and transformations over the years. In 2007, IBTC Chartered Bank PLC merged with Stanbic Bank Nigeria, resulting in the formation of Stanbic IBTC Holdings PLC. Today, it is a subsidiary of the Standard Bank Group, offering a wide range of financial services, including retail and commercial banking solutions, loans, and custodial services.

Salary Insights for Stanbic IBTC Staff

  1. Graduate Trainees:
    • During their training term, graduate trainees receive a monthly stipend ranging from 30,000 to 55,000 Naira.
    • Upon successful completion, trainees are absorbed into the bank at the entry level, with salaries evaluated and adjusted accordingly.
  2. Contract Staff:
    • Contract employees earn monthly wages ranging from 60,000 to 70,000 Naira, totaling 720,000 to 840,000 annually.
    • Permanent staffing may occur based on certain criteria and years of service.
  3. Bank Tellers:
    • Bank tellers at Stanbic IBTC receive an average monthly income ranging from 50,000 to 70,000 Naira, translating to an annual pay of 600,000 to 840,000 Naira.
  4. Customer Service Officers:
    • Customer service officers earn between N55,000 and 70,000 per month, equivalent to N660,000 to N840,000 annually.
  5. Entry-Level Staff:
    • Entry-level employees receive a basic monthly salary averaging around 107,000 Naira, with a yearly range of 1.1 million to 1.4 million Naira.
  6. Digital Marketers:
    • Monthly salaries for digital marketers vary from N76,000 to 80,000, resulting in an annual compensation range of N912,009 to 960,000.
  7. Senior Banking Executives:
    • Senior banking executives receive a minimum monthly salary of N350,000, exclusive of allowances and incentives.

FAQs on Stanbic IBTC Bank Salary Structure in Nigeria

What is the average salary for entry-level employees at Stanbic IBTC Bank in Nigeria?

The average salary for entry-level employees at Stanbic IBTC Bank in Nigeria typically ranges from ₦120,000 to ₦180,000 per month. This can vary based on the specific role and location within Nigeria.

How does Stanbic IBTC Bank’s salary structure compare for different positions?

Stanbic IBTC Bank’s salary structure varies significantly by position. For instance, entry-level analysts may earn between ₦120,000 and ₦180,000 monthly, while more experienced professionals like relationship managers or senior analysts can earn between ₦300,000 and ₦700,000 per month. Executive roles, such as managers or directors, can command salaries upwards of ₦1,000,000 monthly.

Are there additional financial benefits included in Stanbic IBTC Bank’s salary packages?

Yes, Stanbic IBTC Bank provides a range of additional financial benefits. These can include performance bonuses, health insurance, pension schemes, housing allowances, and transportation allowances, all of which contribute to the overall compensation package.

How frequently does Stanbic IBTC Bank review and adjust its salary structure?

Stanbic IBTC Bank typically reviews and adjusts its salary structure annually. This review is based on various factors including inflation rates, market conditions, employee performance, and overall company profitability.

What factors influence the salary progression for employees at Stanbic IBTC Bank?

Salary progression at Stanbic IBTC Bank is influenced by several factors including individual performance, length of service, educational qualifications, and additional professional certifications. Promotions and performance reviews are key elements that can lead to salary increments and career advancement within the bank.


Stanbic IBTC Bank stands as a desirable employer in Nigeria, not only for its sterling reputation in operations but also for its competitive and varied salary structure. Whether you’re a recent graduate or an experienced professional, the bank offers a range of opportunities with corresponding remuneration. Understanding the salary scale for different positions can guide individuals in making informed career decisions within the financial institution.

Also Read: FCMB Salary Structure: How Much Does FCMB Pay Staff?

Leave a Reply

Back to top button