Wema bank is the oldest Indigenous bank in Nigeria and one of the oldest banks after First Bank and Union Bank. Established on May 2, 1945, it was operating under the name Agbonmagbe Bank Limited as a private liability company.
Fast-forward to 1987, Wema Bank converted to a public limited liability company and granted full commercial banking license and as at today, Wema Bank has a total asset of over 1.2billion USD (₦ 421 Billion).
Today’s talk is centered on Wema Bank salary structure for both entry level staff, contract 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 employment in Wema Bank and other new generation banks like what is Wema Bank salary structure for entry level? how much does Wema Bank pay their job seekers with 2 years and above experience? How much does Wema Bank pay entry level fresh graduates? What is Wema Bank Salary scale like? these and many other related questions as regards Wema Bank salary structure will be discussed here today.
Wema Bank is listed among the 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.
Wema 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.
Wema Bank salary scale for entry level is in five (5) figures, Senior banking executives are paid as much as 350,000 Naira and above excluding bonuses and other profit sharing that are accrued to staff, the table below explains in details, how much Wema Bank pay both core staff and contract staff.
This article will be more vital for not just fresh graduates seeking employment into Wema Bank but also, experienced workers from other banks who have one reason or the other to make a switch to Wema Bank since this post harps succinctly on Wema Bank Salary structures for fresh entry level graduates and experienced positions.
Without carrying out your private research as regards what Wema Bank pay their staff, should you be called up for interview at Wema Bank Head office at 54 Marina Road, Lagos Island, Lagos and asked ‘What is your salary expectation from Wema Bank?’, you are left blank as regards the exact amount to mention.
One important info about how to get a job in Wema Bank is that job applicants 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 either in Wema Bank or any other bank or any financial institution during their NYSC scheme.
Most times job seekers are scared of mentioning a high salary figure knowing that they do not possess the required experience for the job especially for positions that require more than the number of years of experience they have gathered so far. They seldom call figures way lower than expected just to stand a higher chance of getting the job.
This article will help you cross that bridge the gap with ease. Do you know that during interview sessions, 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.
From statistics, 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 Wema Bank pay their entry level staff and even the SBOs (Senior Banking Officers).
Wema 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 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 Wema Bank 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, Wema Bank 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 Wema Bank Pay Their Graduate Trainee?
Upon gaining employment as a graduate in Wema Bank, like other banks like Polaris bank, FCMB, First bank and other new generation banks, you will be required to attend a compulsory four (4) months Wema Bank bank training school.
Wema Bank training school 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.
At the end of the 4 months compulsory training, all trainees will be sent on a two weeks compulsory attachment with various Wema Bank branches within the city and upon completion of the training, successful trainees are selected while the unsuccessful are sent packing.
Wema Bank pay their Graduate Trainees N30,000 monthly for the 4 months training, this is to take care of their transport and feeding majorly during the training session
How Much Does Wema Bank Pay Their Entry Level Staff?
Now we are here, the crux of the article where we are about to reveal what Wema Bank salary structure for Entry level staff is all about. Those who have friends or relatives working with Fidelity Bank would find this very interesting to know, don’t worry, keep calm as we are about to wet your appetite.
Wema Bank Monthly Salary Structure
So as discussed above, Wema Bank as at today has one of the best salary structure for fresh graduates (Entry Level Staff).
Wema Bank pay 85,000 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 so don’t expect the same dates for all banks or financial institutions.
Wema Bank Salary Structure For Entry Level Staff
|Management Level||Wema Bank Monthly Salary||Wema Bank Annual Salary Scale|
|Entry Level Staff||N85,000||N1,020,000|
Wema Bank Salary Structure For Contract Staff
|Management Level||Wema Bank Monthly Salary Scale||Wema Bank Annual Salary Scale|
Wema Bank salary structure above is still active for all staff. We hope this was informative enough and should you be in a position where you are quizzed how much Wema Bank pay their entry level staff or senior banking officers, your contribution would be of great importance 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 Wema Bank salary structure would be much appreciated from other readers and individuals seeking information related to Wema Bank salary range for the above positions.