Ecobank began operations in 1986, it was at that time known as Universal Bank with main focus in providing services in corporate and investment banking, wholesale, retail, and transaction banking to its customers within and across Africa. Eco Bank is regarded as a Pan African Bank due to the number of business units it has formed since its establishment. In fact Ecobank has the highest number of business units across the African Continent till date.
Today we will be discussing about EcoBank’s salary structure for both entry level staff and other senior banking officers just like we have discussed in previous posts.
Daily we are faced with questions from individuals from different walks of life most especially graduates seeking for a job at EcoBank and other new generation banks like; what is EcoBank salary structure for entry level? how much does EcoBank pay their job seekers with over two (2) years of banking experience? How much does EcoBank pay entry level fresh graduates? What is EcoBank Salary scale like? these and many other related questions as regards EcoBank salary structure will be discussed here today.
EcoBank is rated among the list of top 10 highest paying banks in Nigeria and their salary structures this feat alone states that the bank is a major player in the banking industry not just in terms or affairs but welfare of staff ranging from Entry Level to senior executive level.
EcoBank has over the years maintained a high salary structure for staff, both junior and senior banking officers (SBOs), thanks to their Human resource management team.
EcoBank pays well to a reasonable extent. Their salary for entry level is in five (5) figures, Senior banking officers are paid as much as 400,000 Naira and above excluding bonuses and other profit sharing that are accrued to staff, the table below explains in details, how much Fidelity Bank pay contract and core staff with years of banking experience.
This post will educate not just fresh graduates seeking employment into EcoBank but also, experienced workers from other banks who have one reason or the other to make a switch to EcoBank since this post harps succinctly on EcoBank Salary structures for fresh entry level graduates and experienced positions.
EcoBank like Access Bank bank has a policy of making use of contract staff for its marketing positions, these category of employees (contract staff) are paid peanuts. EcoBank salary for contract staff generally is poor, all contract staff are paid less than 50,000 Naira monthly for the tedious responsibility and the downside of this is that contract staff promotion does not exist.
Without undergoing proper findings as to what EcoBank pay their staff, should you be called up for interview at EcoBank and asked ‘What is your salary expectation from us?’, you are left blank as regards the exact amount to mention.
One important info about how to get a job in the bank is that you are expected to have had a banking experience before except for Entry level position. Though entry level positions too can be made much easier for persons that served in the bank or any financial institution during their NYSC scheme. Such persons would have known the salary scale of the bankers in Nigeria so when called upon, he or she would scale through the interview process easily.
If you have no prior banking experience, you are still covered as this post will help you cross that bridge effectively without hassles. During interviews, providing the right answers to questions asked has a much powerful effect than the so called required experience needed for the job. Reason is because questions during interviews are asked based on the position you must have applied for. So if you scale through the interview process it means you are indeed qualified for the job so the area of number of years needed for the job is given less credence.
Based on online research and polls, it was gathered that more than 70% to 80% of job seeker tend to price themselves lower than their actual worth in order to stand a better chance of being called for the job and in the long run, this will have a retrogressive effect on their jobs and overall performance of the staff because job dissatisfaction sets in based on the salary scale being placed on.
The above become history when the job applicant is properly armed with the right information as regards how much EcoBank pay their entry level staff and even the SBOs (Senior Banking Officers).
EcoBank salary structure as discussed earlier so far ranks among one of the best so if you are thinking of applying for a job there, you are good to go. In as much as they pay well, you will agree with me that the responsibilities attached to working in the bank plus employee rate turn over is high, therefore you must be up and doing if you must retain your job.
We have heard cases of inhumane treatment of bank staff by the management, in as much as EcoBank isn’t left out as this is a common practice among banks in Nigeria, they still are one of the recent active players in employment market and they must be given due recognition for this.
In summary, EcoBank salary structure for fresh entry level graduate is quite encouraging though could still be improved upon but bear it in mind the responsibilities attached to this job is quite demanding therefore, get your mind prepared.
How Much Does EcoBank Pay Graduate Trainees?
Upon gaining employment as a graduate in EcoBank, like other banks like Zenith bank, Guaranty Trust Bank, Fidelity bank and other new generation banks, graduate Trainees will be required to attend a compulsory four (4) months EcoBank training school.
The training incorporates both theoretical, practical and real life training which gets the newly employed prepared for the task ahead and adjust with the internal workings of the bank.
Towards the end of the 4 months compulsory training, all trainees will be sent on a two weeks compulsory attachment with various EcoBank branches within the city and upon completion of the training, successful trainees are selected while the unsuccessful are sent packing.
During this period, EcoBank pay their Graduate Trainees N36,000 monthly for the period of 4 months, this is to cater for their transport majorly as they are fed by the bank during the training session
How Much Does EcoBank Pay Their Entry Level Staff?
Now we are here, the crux of the article where we are about to expose what EcoBank salary structure for Entry level staff is all about. Those who have friends or relatives working with EcoBank would find this quite interesting to know, don’t worry, keep calm as we are about to wet your appetite.
EcoBank Monthly Salary Structure
So as discussed above, EcoBank as at today has one of the best salary structure for fresh graduates (Entry Level Staff).
EcoBank pay entry level staff between 85,000 to 90,000 Naira and this is excluding other bonuses and profit sharing usually carried out towards their financial year end. Most companies have their respective financial year end.
EcoBank Salary Structure For Entry Level Staff
|Management Level||EcoBank Monthly Salary||EcoBank Annual Salary Scale|
|Entry Level Staff||N90,000||N1,080,000|
EcoBank Salary Structure For Contract Staff
|Management Level||Fidelity Bank Monthly Salary Scale||Fidelity Bank Annual Salary Scale|
The EcoBank salary structure above is still being implemented, should there be any change, we shall update this post. We hope this was informative enough and should you be in a position where you are quizzed how much EcoBank pay their entry level staff or senior banking officers, your contribution would hold waters based on the above information so far.
Kindly note that your opinion as regards the above matters to us, also, any information at your disposal related to EcoBank salary structure would be much appreciated from other readers and individuals seeking information related to the salary range for the above positions.