Many youth looking for jobs would prefer to work in the banking sector, especially in one of the highest paying Microfinance Banks in Nigeria or any other commercial bank. This is mainly because of the huge salary, additional benefits, and allowances.
Therefore, we have gathered the list of top highest paying microfinance banks in Nigeria and some other commercial banks you can seek employment from. Before that, here are some things you should know about the top highest-paying microfinance banks in Nigeria.
About Highest Paying Microfinance Banks in Nigeria
Microfinance Banks in Nigeria provide financial services to low-income earners, individuals, and businesses to improve their standards of living. These banks do not only help the public with their finances, but they also pay their workers hugely.
Although most commercial banks in Nigeria pay far better than these top highest paying microfinance banks. It is far easier to land a job with microfinance banks than with commercial banks. Therefore, we advise you to consider applying to any of these banks whether commercial banks or any of the top highest paying microfinance banks in Nigeria on our list.
List of Top Highest Paying Microfinance Banks in Nigeria with Commercial Banks
In no order of priority, below is the list of top highest paying banks in Nigeria whether commercial or microfinance banks.
1. AB Microfinance Banks
AB Microfinance Banks is one of the top highest paying microfinance banks in Nigeria. The bank which was established in 2002 has its headquarters in Lagos. The bank also has many other branches in states like Oyo, Ogun, and Ondo.
With a huge number of investors, AB Microfinance Banks provides different financial services to individuals and businesses. Being one of the highest paying microfinance banks in Nigeria, AB Microfinance bank pays its staff an average salary of N180,000. See the list of Banks That Gives Business Loan Without Collateral
2. LAPO Microfinance Bank
Lapo Microfinance Bank which many referred to as LAPO is one of the top highest paying microfinance banks in Nigeria. The microfinance bank which was established by Eiodun Ehigiamose in response to Structural Adjustment Programme (SAP) implementation gives speedy loans to traders, market women, and other business owners.
In a bid to improve the public quality of life, they offer financial assistance to over 1 million customers. LAPO Microfinance Bank which is approved by the Central Bank of Nigeria pays its staff an average salary of 93,524 to its entry workers.
3. Addosser Microfinance Bank
Here is another top-paying microfinance bank in Nigeria that is based in Lagos. Addosser Microfinance Bank was established on May 27 in 2008 to provide financial assistance for both small and medium-sized businesses.
Under the brand, the microfinance bank provides 4 major services to its customers which include consumer banking, SME banking, retail & small enterprise banking, and specialized product investment. Addosser Microfinance Bank pays an average salary of 110,000 to entry workers.
4. Rehoboth Bank
Although not so popular, Rehoboth is one of the top highest paying microfinance banks in Nigeria. The microfinance bank which was duly approved by the Central Bank of Nigeria was established on January 15, 2008. This bank provides financial aid and loans to different businesses.
Rehoboth microfinance bank whose headquarter is located physically at 13, Aveh Crescent in Onipanu, Shomolu pays its staff handsomely. Apart from other allowances and benefits, an average staff gets paid a salary of N149,000. Check out the top 10 Best Banks In Nigeria 2022 Review
5. Accion Microfinance Bank
Ever heard of Accion Microfinance Bank? It is currently one of the highest-paying microfinance banks in Nigeria. Although the American microfinance bank was established during the 1960s, it was approved in Nigeria in 2006.
The microfinance bank which has its Nigerian headquarter at Elizade Plaza, 322, Ikorodu Road, Anthony in Lagos State gives financial services including loans to business owners at affordable interest rates. Depending on the position and role, an average worker at Accion microfinance bank earns over 100,000 per month. See FCMB Salary Structure 2022: How Much Does FCMB Pay Staff?
6. First Bank of Nigeria
Ever heard of the First Bank of Nigeria PLC? It is one of the highest-paying commercial banks in Nigeria. Although getting employed at the first bank is competitive, you can get employed with a good connection or by luck.
The multinational bank whose headquarter is in Lagos has over 750 branches in Africa. They also have a presence in other countries like the UK, Dubai, and so on. An average staff of the First Bank of Nigeria gets paid N250,000 depending on the position.
7. Access Bank
Here is another highest paying bank in Nigeria with over 10,000 staff and numerous branches across the 36 states. The commercial bank which recently merged with Diamond bank pays its staff an average salary of N300,000.
Thus, you can apply to Access Bank whenever there is a vacancy to enjoy its high salary among other benefits. See CBN Salary Structure: How Much CBN Staffs Earn
8. Guaranty Trust Bank
Guaranty Trust Bank which is also known as GTBank is another top highest paying bank in Nigeria. The bank is quite popular among the youth as a result of its digital inclination. Since its establishment in 1990, it has grown to have different branches in all the 36 states in Nigeria.
Also, GTBank has a presence in other African countries like Gambia, Ghana, Sierra Leone, Uganda, and so on. Do you need a high paying job in the bank industry? You can apply for a job with Guaranty Trust Bank as an average worker with the bank earn above N200,000.
9. Zenith Bank
Zenith Bank is one of the best commercial banks in Nigeria with good salary packages for its workers. The bank which is approved by the Central Bank of Nigeria was established by Jim Ovia.
Since its establishment in 1990, Zenith Bank has expanded its financial services to many other African countries. Zenith Bank pays its, workers, an average salary of N180,000.
10. United Bank of Africa
Next on our list of top highest paying banks in Nigeria is the United Bank of Africa also known as UBA. The bank which was established in 1949 has a presence in over 20 countries in Africa including Nigeria.
The United Bank of Africa, UBA also pays its workers well apart from many other benefits and allowances they are entitled to. An average worker at the commercial bank gets paid N120,000 a month.
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Getting jobs at any of the top highest paying microfinance banks seems easier compared to commercial banks. Although they pay low when compared to the commercial banks it is manageable.
If you are interested in working in the finance sector, we advise you to try out any of the above-listed top-paying banks, who knows you may be employed.