If you have any plans of working with Polaris Bank of Nigeria in any capacity then it is necessary that you know their salary structure. So in this article, we will be telling you about Polaris Bank salary structure.
If you desire to work in any bank at all, one of the things you should know is how much you stand to earn.
In fact, they may even ask the question during your interview. So it is only right that you know the best answer to give. Just keep reading this article to know everything you would want to know — especially about Polaris Bank.
Polaris Bank PLC
Polaris Bank is a large financial services provider in West Africa and Central Africa. With headquarters in Lagos, Nigeria.
Its origin can be traced back to 1989 when Prudent Bank Plc was incorporated as a limited liability company.
In 1990, the bank was issued a license as merchant bank. That same year, it re-branded as Prudent Merchant Bank Limited.
In 2006, Prudent Merchant Bank Limited merged with four other banks; Bond Bank Limited, EIB International Bank Plc, Reliance Bank Limited and Co-operative Bank Plc. to form Skye Bank Plc.
On 21 September 2018, Godwin Emefiele, the Governor of the Central Bank of Nigeria announced in Lagos that the apex bank had revoked the operating licence of Skye Bank.
As of 2016, Skye bank had lots of debts which they could not recover from before the Central bank of Nigeria intervened.
Emefiele then stated that the assets and liabilities of the bank would be taken over by a new entity, Polaris Bank.
How much does Polaris Bank pay their workers?
It is quite a norm that most people who go for job interviews tend to demand a pay lower than what they are supposed to earn — they may be thinking that that would place them at an advantaged position to get the job.
But no. It doesn’t work that way. One should be informed about the right pay they are meant to be getting for any given job.
That being said, we will be going straight to the salary structure of staff of Polaris Bank, Nigeria. For clarity purpose, we will be showcasing this payment scheme according to their positions/level.
Polaris Bank Salary Structure for Contract Staff
Being a contract staff means you are not a full staff of the bank as your contract is temporal. Therefore the bank can terminate the contract anytime the management decides to.
Contract staff at Polaris Bank receives a salary of ₦55,000 – ₦60,000 per month.
Monthly salary of Graduate Trainee at Polaris Bank
These set of workers are fresh graduates who have completed the NYSC programme.
The bank train these trainees to take up different positions in different departments in the bank.
The bank pays their graduate trainees within the range of ₦35,000 – ₦45,000 monthly as their salary.
How Much Is Entry-Level Salary At Polaris Bank
Unlike the contract staffs and interns, one can refer to these set of workers as permanent workers so they are entitled to some bonuses and benefits.
The functions of entry-level staffs at Polaris Bank varies depending on the departments, and as such, their salary varies.
In any case, entry-level workers at Polaris Bank earns a monthly salary in the region of ₦100,000.
In addition to the monthly salary, they are entitled to an annual bonus, excluding this basic salary.
Polaris Bank Salary Structure For Branch Manager
The branch manager is on e of the senior banking officers of the bank. The senior banking officers earn more in the bank. The position of the branch manager is the highest in the branch.
Polaris Bank senior banking officers earn north of ₦400,000 and above on monthly basis; in addition to other mouth-watering allowances.
Note that the location of the branch ‘may’ affect the salary structure of its staff.
Hope this article has done justice to your curiosity about the salary structure of Polaris Bank staff.