Investment Bankers Salary in Nigeria - Nigeria Boom

Investment Bankers Salary in Nigeria

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Are you interested in working in an investment bank in Nigeria or are you just interested in knowing about investment bankers’ salary in Nigeria. Either way, this article on “investment bankers’ salary in Nigeria” would be of relevance to you.

We wish to provide you with an overview of the salary of investment bankers in Nigeria. Just keep reading to find out.

Firstly, it is suitable that you have an idea of the job description of an investment banker or what he or she does. This will help you to make the right choice if you are planning to pursue a career as an investment banker in Nigeria.

investment bankers salary in Nigeria

Who is an Investment Banker?

An investment banker is simply a banker that works in an investment bank in Nigeria.

According to Wikipedia, an investment bank is a financial services company or corporate division that engages in advisory-based financial transactions on behalf of individuals, corporations, and government.

Duties or Tasks of an Investment Banker

An investment banker would typically perform the following task

1.     Issuing securities which include shares and bonds to interested individuals, organization or any government agency.

2.     Provision of funds through to finance major projects of an organizations

3.     Provision of finance for mergers and acquisitions.

In summary, investment bankers manage financial transactions which range from acquisitions, mergers, lending, privatizations, bonds and shares and initial public offerings in the most brilliant way.

Investment Bankers Salary in Nigeria

After having an idea of some of the core duties of an investment banker, you are now ready to have an insight into “investment banker salary in Nigeria”.

It is important to note that there are key factors that determine how much investment bankers would earn you in Nigeria.

Investment banker salary in Nigeria would be influenced by the following factor;

1.     Place of employment

2.     Educational qualification

3.     Experience.

Let me explain this better to you.

1.     Place of Employment:

It is important to note that there are differences when it comes to the salary structure of investment bankers in Nigeria. This is because various investment banks in Nigeria have different financial strength or competencies. This also implies that some of these investment banks in Nigeria would offer better pay than others.

Top Paying Investment Banks in Nigeria

Below are the top-paying investment banks in Nigeria;

·        Afribank

·        Fidelity Bank

·        First Bank of Nigeria

·        Standard Chartered Bank of Nigeria (Nigeria Branch)

·        Urban Development Bank of Nigeria

·        Savannah Bank

·        Zenith Bank

Investment bankers’ salaries in these top-paying investment banks are very impressive. For the sake of this article, we have provided an overview of the average salary that an investment banker would earn monthly in Nigeria.

2.     Educational qualification:

Educational qualification is another important factor that determines the salary of an investment banker in Nigeria.

Investment bankers that are more educationally qualified are prone to promotion which eventually influences their salary offer.  

3.     Experience:

Experience is another factor that determines promotions and also the salary offer in any insurance company in Nigeria.

Average Investment Bankers Salary in Nigeria

The average investment bankers’ salary in Nigeria should be around N350, 000 per month and N4, 200, 000 per annum. Entry-level and junior staff would earn as low as N170, 000 per month which can amount up to N2, 040, 000 per annum. Top managers would earn as high as N800, 000 per month which will amount up to N9, 600, 000 per annum.           

Note: The salary provided above is only an estimate and is only for a guide. It can therefore be subject to change




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