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Ikiodiete George
- 2 Min Read
Mutual Trust Mfb Salary Structure In 2025: Latest Pay For Entry-Level, Graduate Trainee, Managers & Senior Staff (Allowances Included)
Mutual Trust Microfinance Bank is a reputable Nigerian financial institution focused on providing loans, savings, and digital banking solutions to individuals and small businesses. Over the years, it has grown to become a trusted name in microfinance, offering not just financial services but also competitive employment packages.
If you're curious about how much Mutual Trust MFB pays its staff in 2025, this guide breaks it down from graduate trainees to senior-level executives, along with benefits and allowances.
Graduate Trainee Salary at Mutual Trust MFB (2025)
Fresh graduates joining the bank usually begin as trainees. During this period, they undergo intensive onboarding, covering risk assessment, loan management, customer support, and financial operations.
| Position | Monthly Salary (₦) | Annual Salary (₦) |
|---|---|---|
| Graduate Trainee | ₦80,000 – ₦120,000 | ₦960,000 – ₦1.44M |
Perks may include:
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Structured training program
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Internet or mobile allowance
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Career progression path
Entry-Level Salary at Mutual Trust MFB
After successfully completing the trainee program or joining with prior experience, staff move into roles such as Loan Officers, Customer Service Reps, Tellers, or Operations Assistants.
| Position | Monthly Salary (₦) | Annual Salary (₦) |
|---|---|---|
| Entry-Level Officer | ₦130,000 – ₦180,000 | ₦1.56M – ₦2.16M |
Add-ons include:
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Monthly performance bonus
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Medical coverage (HMO)
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Transport support (in some locations)
Managerial Salary at Mutual Trust MFB
Managers take charge of branch operations, portfolio growth, risk management, and staff supervision.
| Position | Monthly Salary (₦) | Annual Salary (₦) |
|---|---|---|
| Branch/Team Manager | ₦350,000 – ₦600,000 | ₦4.2M – ₦7.2M |
Benefits:
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Transport allowance
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Leadership bonuses
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Annual leave & allowance
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Business phone/data support
Senior Staff Salary at Mutual Trust MFB
Senior executives are involved in strategy, expansion, policy development, and regulatory compliance. This tier includes Regional Managers, Directors, and senior operations staff.
| Position | Monthly Salary (₦) | Annual Salary (₦) |
|---|---|---|
| Senior Manager / Executive | ₦700,000 – ₦2M | ₦8.4M – ₦24M |
Extra perks may include:
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Company car or mobility allowance
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Family HMO plans
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Annual bonuses based on KPIs
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Official business travel
Allowances & Bonuses Breakdown
| Allowance Type | Amount Range (₦) | Applies To |
|---|---|---|
| Transport Allowance | ₦10,000 – ₦50,000 | Entry-level and above |
| KPI Performance Bonus | ₦30,000 – ₦250,000+ | Sales, branch, and loan teams |
| Medical Insurance (HMO) | Full coverage | All confirmed staff |
| Internet/Phone Stipend | ₦5,000 – ₦20,000 | Managers, remote officers |
| Leave Allowance | 10–15% of monthly salary | All permanent employees |
Frequently Asked Questions (FAQs)
Q1: Does Mutual Trust MFB hire fresh graduates?
Yes, they offer a graduate trainee program for young professionals with little or no experience.
Q2: How often are salaries reviewed?
Annual performance reviews determine increments and promotion eligibility.
Q3: Are there growth opportunities at Mutual Trust MFB?
Absolutely. Hardworking employees are promoted quickly, especially those who exceed targets.
Q4: What is the work environment like?
It’s fast-paced but supportive — particularly for staff involved in micro-lending and customer outreach.
Q5: Do they pay 13th-month bonuses?
Yes, in most cases confirmed staff receive end-of-year bonuses based on performance.
Conclusion
In 2025, Mutual Trust MFB continues to offer solid salaries and career progression for both new and experienced staff. From trainee to senior manager, the bank’s pay structure reflects its commitment to rewarding performance and fostering internal growth.
If you're looking to build a stable banking career in Nigeria — especially in the microfinance or retail lending space — Mutual Trust MFB could be a smart choice.
