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Konnect
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Fbnquest Merchant Bank Staff Salary/Allowance Structure: How Much Are They Paid Monthly?
FBNQuest Merchant Bank, a subsidiary of First Bank of Nigeria Holdings, offers a structured and competitive salary package to its employees in Nigeria. As a leading merchant bank, it focuses on investment and corporate banking, which means it often attracts finance professionals seeking rewarding careers in a high-stakes environment. The average salary at FBNQuest is reported to be approximately NGN 225,000 per month, though this varies significantly based on the role, experience, and department.
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Graduate Trainees and Entry-Level Positions: Fresh graduates and entry-level staff, particularly in support roles, tend to earn a baseline salary of about NGN 150,000 to NGN 250,000 monthly. Graduate trainees typically undergo an intensive onboarding program aimed at developing their skills, after which they may transition to more specialized roles within the bank, which come with potential salary increases.
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Analyst Roles: Investment Analysts and similar roles earn more than entry-level positions, reflecting the higher qualifications and experience required for these roles. Monthly salaries for analysts generally range between NGN 250,000 and NGN 400,000, depending on the complexity of the work and whether the role involves client-facing responsibilities
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Mid-Level Positions: Mid-level professionals, such as managers and senior analysts in investment banking, corporate finance, or asset management, typically earn between NGN 400,000 and NGN 700,000 per month. These positions demand advanced analytical skills, a strong understanding of financial markets, and experience in managing significant client accounts or portfolios.
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Senior and Executive Roles: Top-tier positions, such as Senior Managers, Directors, and Executives, receive the highest compensation, reflecting their leadership roles in the organization. These roles usually offer salaries from NGN 1 million upwards monthly, plus additional benefits like bonuses and performance-based incentives. Executives may also receive housing, transportation, and healthcare allowances as part of their benefits package, which makes these roles highly coveted within the bank.
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Allowances and Benefits: Beyond basic salary, FBNQuest Merchant Bank provides several benefits, including health insurance, retirement plans, and performance-based bonuses. The bank places a strong emphasis on employee well-being, ensuring they have access to resources and equipment necessary for their roles. Additionally, employees report high satisfaction due to a supportive work culture that emphasizes fair treatment and growth opportunities.
Conclusion
FBNQuest Merchant Bank’s pay structure reflects its high-performance culture and commitment to attracting and retaining top talent within Nigeria's competitive banking industry. The bank’s structured salaries and benefits make it an attractive option for finance professionals aiming for career advancement within a reputable financial institution.
