Union Bank of Nigeria Plc is a commercial bank in Nigeria. It is one of the oldest banks in Nigeria. It was founded in 1917 and has its headquarters in Lagos State. Do you have any intentions of working with Union Bank of Nigeria in any capacity? One of the things you should know is their salary structure. So in this article, we will be telling you about Union Bank salary structure. If you desire to work in the bank, one of the things you should know is how much you stand to earn. You may even be asked the question during your interview. So it is only right that you know the right answer to give. Just keep reading this article to know everything you would want to know — especially about Union Bank. 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 thinking that that would place them at an advantage to get the job. But no. It doesn’t work that way. You should be informed about the normal pay you are meant to be receiving for any given job. That being said, we will be going straight to how much Union Bank Plc pay their workers, Union Bank salary structure for entry and contract staff repestively. For clarity purpose, we will be showcasing this payment scheme according to their positions/level.
It’s the practice of Union Bank of Nigeria to train fresh graduate for four (4) months to get them ready for the job in the banking sector. The training is mandatory and it aims at exposing the fresh graduates to all the necessary training they’ll need. During the training, the bank pay them the sum of ?50,000 – ?55,000 as monthly salary. At the end of the four months training, the bank send the trainees on two weeks attachment to other branches of the bank. In the end, the bank decides whether or not to employ them permanently.
These set of workers referred to as contract staffs are not direct employees of the bank. Moreover, they are not permanent workers of the bank. Contract staff of Union Bank earn ?70,000 monthly.
Recall that in the preceding paragraph we told you that the fresh graduates are trained and the selected trainees are employed as staff of the bank. The bank’s salary structure for fresh entry-level graduate is considerably fair even though it comes with a lot of obligations and targets to meet. Union bank pay within the range of ?140,000 – ?170,000 monthly for Entry-Level staff in addition to bonuses and profit-sharing.
Their job comes with a certain level of creativity and target which they are meant to meet. Union Bank pays its marketers a minimum of ?75,000 as salary per month.
The banking officers are among the top earners in the bank. However, this position comes with a lot of responsibility and work experience. Banking officers receive an average of ?268,000 Naira monthly at Union bank.
These staffs are in charge of the loan activities of the bank — from disbursement to retrieving of these loans. To get to this position, one will have to work in the bank for quite a number of years to gain enough expertise to occupy that position. Union Bank pays their loan officers an attractive sum of ?50,000 – ?55,000 monthly.
The position of the branch manager is the highest in the branch. Union branch managers earn in the range of ?700,000 – ?900,000 monthly; in addition to other mouth-watering allowances.
It is important to note that the salary structure is also affected by the location of the branch. Hence, it is safe to say the salary could be more or less.