First Bank (Fbn) Salary Structure In 2025: Latest Pay For Entry-Level, Graduate Trainee, Managers & Senior Staff (Allowances Included)

First Bank of Nigeria (FBN) is one of the country’s most prestigious and longstanding banks. In 2025, their compensation structure is designed to reward performance and loyalty, with clear growth paths and competitive packages. Here’s a breakdown of annual and monthly pay levels, including benefits and allowances.

1. Graduate Trainee / Executive Trainee

Fresh graduates accepted into FBN’s prestigious trainee program receive both training and exposure to banking operations across departments.

• Monthly Salary: ₦170,000 – ₦220,000
• Annual Earnings: ₦2.0 million – ₦2.6 million
• Benefits Include:
• Health insurance
• Pension contributions
• Structured training sessions
• Performance bonuses
• Commuter allowances

2. Entry-Level Staff (Tellers, Customer Service, Junior Analysts)

These roles form the operational backbone and are fully integrated into the bank’s support functions.

Full-time entry-level staff enjoy career development options and performance-related perks.

3. Mid-Level Officers (Relationship Managers, Credit Analysts, Team Leads)

These professionals manage portfolios, assess risk, and support banking products and services.

• Monthly Salary: ₦400,000 – ₦650,000
• Additional Perks:
• Car and housing allowances
• Comprehensive health insurance (staff + dependents)
• KPI-based bonuses
• Professional certification sponsorship

These roles combine technical responsibilities and people management duties.

4. Senior Management (Branch Heads, Unit/Department Managers)

At this level, staff take responsibility for strategic oversight and branch performance.

These leaders drive growth and ensure operational excellence at branch and departmental levels.

5. Contractors & Specialists

Experts hired on a contractual basis, often for time-limited or specialized assignments.

• Monthly Compensation: ₦500,000 – ₦1,200,000
• Note: Contractors receive higher pay but typically do not receive benefits like pensions or company medical coverage.

6. Interns

First Bank offers structured internships for university students and recent graduates.

Interns gain direct banking experience and networking opportunities.

7. Executive Leadership & Directors

Senior executives at FBN shape overall strategy, performance, and regional leadership.

• Executive Managers: ₦1,500,000 – ₦2,200,000 per month
• Directors: ₦2,000,000 – ₦3,000,000 per month
• C-Suite Roles (MD, CFO, COO): ₦3,500,000 – ₦6,000,000+ per month
• Executive Packages Include:
• Company luxury vehicles
• Share options or profit share
• International travel and health coverage
• Leadership allowances and risk benefits

These positions require multi-region oversight and extensive banking experience.

8. Salary Summary Table

Frequently Asked Questions

What is the monthly pay for graduate trainees at First Bank?
Trainees earn between ₦170,000 and ₦220,000, with health and commuter allowances included.

Do entry-level positions receive bonuses or benefits?
Yes. Entry-level roles offer medical coverage, pension, and quarterly performance bonuses.

Can interns be fast-tracked into trainee programs?
Yes. Top-performing interns are often invited to apply for the graduate trainee program upon completion.

How are contractors compensated compared to staff?
Contractors earn higher pay but usually do not receive pensions, health insurance, or other benefits.

What is the pay scale for top executives at FBN?
Executives receive between ₦3.5 million and ₦6 million+ per month, plus comprehensive benefits and allowances.

Conclusion

First Bank’s 2025 salary structure delivers strong compensation aligned with responsibilities and career stage. From internships to C-suite roles, each level offers growth, learning, and reward.

If you're considering a career at First Bank, understanding this structure can guide your goals, allow for informed negotiation, and help map a progression path toward leadership roles and executive compensation.