When you see any Heritage bank building, uniqueness and style come to mind. Not many are aware that Heritage bank today used to be Societe Generale Bank of Nigeria (SGBN). Heritage bank was incorporated in 2012 with head-office address at 143 Ahmadu Bello Way, Victoria Island 101241, Lagos . The bank has since grown into one of the most promising financial institutions in Nigeria with a current total asset valuation estimated at about US$1.7+ billion (NGN:483.4 billion).
Upon acquisition of the defunct Societe Generale Bank of Nigeria, Heritage bank in a quest to meet up, started poaching on the staff of other banks like UBA, Zenith bank, First bank and other new generation banks and started promising juicy salaries to tempt them from their current places of work. Heritage bank paid these staff as much as twice the salaries they were earning, this gave the bank the leverage they are operating on currently as they did not have to start every position with fresh staff and spending millions on training, rather they bought experience.
This topic of discussion is an interesting one in the sense that many want to know how much Heritage bank pay both entry level staff and other senior banking officers because of the manner they acquired SGBN and their style of management.
From time to time, we are faced with questions from persons from different walks of life most especially graduates seeking employment in Heritage bank and other new generation banks like what is Heritage bank salary structure for entry level? how much does Heritage bank pay their job seekers with 2 years and above experience? How much does Heritage bank pay entry level fresh graduates? What is Heritage bank Salary scale like? these and many other related questions as regards Heritage bank salary structure will be discussed here today.
Heritage bank 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.
Heritage bank 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.
Heritage bank actually pays well. Their salary for entry level is in six (6) figures, Senior banking executives are paid as much as 600,000 Naira and above excluding bonuses and other profit sharing that are accrued to staff, the table below explains in details, how much Heritage bank pay their core staff.
This article will be more vital for not just fresh graduates seeking employment into Heritage bank but also, experienced workers from other banks who have one reason or the other to make a switch to Heritage bank since this post harps succinctly on Fidelity Bank Salary structures for entry level graduates and experienced positions.
One major stand out of Heritage bank is that they currently do not employ contract staff, any bank staff seen within the banking premises is definitely a core staff of the bank unlike other banks that have practically converted all tellers and customer service to contract staff in the name of trying to cut down overhead cost.
Without undergoing proper findings as to what Heritage bank pay their staff, when you are called up for interviews at Fidelity Bank and asked ‘What is your salary expectation from Heritage bank?’ at this stage, you are left completely confused as regards the exact amount to mention when quizzed.
In as much as you do not want to scare your interviewer away with a high salary expectation knowing you practically do not have the required experience for the job especially for positions that require more than the number of years of experience you have gathered so far, you also will not want to feel cheated and under paid so you are left in dilemma as to what exact figure to call.
This post will help you cross that bridge effectively without hassles during your interview session with Heritage bank and please note that giving the right answers to questions asked overrides the so called required experience needed for the job because you already are being quizzed for the position in which you applied for.
Research have it 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 Heritage bank pay their entry level staff and even the SBOs (Senior Banking Officers).
Heritage bank 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 the banking sector in Nigeria 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 Heritage bank isn’t left out, this is a common practice in all banks in Nigeria today, they still are one of the recent active players in employment market and they must be given due recognition for this.
In summary, Heritage bank salary structure for fresh entry level position is big enough to cater for major daily expenses and investing in yourself, there by improving your career. However, this 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 Heritage bank Pay Their Graduate Trainee?
Upon gaining employment as a graduate in Heritage bank, like other banks like Fidelity bank, Access bank, IBTC. Zenith bank, First bank and other new generation banks, you will be required to attend a compulsory four (4) months Fidelity Bank bank training school.
Entry level trainee are taught 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 Heritage bank branches within the city and upon completion of the training, successful trainees are selected while the unsuccessful are sent packing.
During this compulsory training period, Heritage bank pay their Graduate Trainees N55,000 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 Heritage bank Pay Their Entry Level Staff?
Now we are here, the crux of the article where we are about to expose what Fidelity Bank salary structure for Entry level staff is all about. Those who have friends or relatives working with Heritage bank would find this very interesting to know, don’t worry, keep calm as we are about to wet your appetite.
Heritage bank Monthly Salary Structure
So as discussed above, Heritage bank as at today has one of the best salary structure for fresh graduates (Entry Level Staff).
Heritage bank pay 140,000 Naira for Entry Level staff 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, it does not necessarily have to be traditionally the end of the year that is on the 365th day.
Heritage bank Salary Structure For Entry Level Staff 2023
|Management Level||Heritage bank Monthly Salary||Heritage bank Annual Salary Scale|
|Entry Level Staff||N125,000||N1,500,000|
Heritage bank Salary Structure For Contract Staff 2023
|Management Level||Heritage bank Monthly Salary Scale||Heritage bank Annual Salary Scale|
|Senior Banking Executive||N600,000||N7,200,000|
The Heritage bank salary structure above is still active and running the above still in force, we hope this was informative enough and should you be in a position where you are quizzed how much Heritage bank 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 Heritage bank salary structure would be much appreciated from other readers and individuals seeking information related to the salary range for the above positions.