Insight

• Ikiodiete George
• 3 Min Read

Nova Merchant Bank Salary Structure In 2025: Entry‑Level, Graduate Trainee, Managers & Senior Staff (Allowances Included)

Nova Merchant Bank aligns its compensation strategy with its vision of excellence and innovation. Whether you're starting your career or leading the bank's strategic direction, here's a detailed breakdown of expected earnings and benefits for 2025:

1. Graduate Trainee / Management Trainee

Nova provides a robust rotational training program with mentorship and hands-on exposure across departments:

• Monthly Salary: ₦140,000 – ₦260,000
• Initial Stipend: ₦140K–₦170K
• Full Trainee Pay: ₦230K–₦260K
• Allowances & Benefits:
• Health insurance
• Pension contributions
• Transport stipend
• Structured mentoring and workshops
• Performance-linked bonuses

High-performing trainees are typically absorbed into officer roles after the program.

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

Graduate trainees transition into fully integrated operational roles:

These positions serve as foundations for growth into specialized roles.

3. Mid‑Level Officers (Relationship Managers, Credit & Risk Analysts)

Experienced officers manage client portfolios, perform risk assessments, and support business development:

• Monthly Salary: ₦350,000 – ₦750,000
• Allowances Include:
• Housing and transport stipend
• Family-inclusive health insurance
• Annual KPI-based bonus
• Professional certification sponsorship

This stage offers autonomy and responsibilities tied to business impact.

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

Senior leaders oversee branches, functional units, and strategic initiatives:

These roles demand accountability and reward performance and team success.

5. Executive Leadership & Directors

Top-level leaders shape the bank’s direction, innovation, and market presence:

• Executive Managers: ₦2,000,000 – ₦3,500,000/month
• Directors: ₦3,500,000 – ₦5,000,000/month
• C-Suite (e.g., MD, CFO, COO): ₦5,500,000 – ₦10,000,000+/month
• Executive Perks:
• Official / luxury vehicles
• International business travel allowances
• Equity or profit-sharing incentives
• Premium family health insurance
• Housing and security support

Executives carry strategic ownership and leadership across the organization.

6. Salary Summary Table

Frequently Asked Questions

Q: What is the graduate trainee pay?
A: Trainees earn between ₦140K–₦170K during the learning period, rising to ₦230K–₦260K with allowances and bonuses.

Q: How much do entry-level staff earn?
A: Salaries range from ₦180K to ₦350K monthly, with health, pension, and quarterly bonuses.

Q: What is the range for mid-level officers?
A: These roles command ₦350K–₦750K monthly, plus housing, transport, certification support, and bonuses.

Q: Do senior managers get vehicles and housing support?
A: Yes—branch and unit managers receive either official vehicles or allowances, plus performance incentives and travel stipends.

Q: What do senior executives earn?
A: Executives take home ₦2M–₦10M+ per month, along with luxury vehicles, international travel, equity options, housing, and premium healthcare.

Conclusion

Nova Merchant Bank’s 2025 compensation structure is thoughtfully designed to reward talent at every level. From robust trainee allowances to comprehensive executive packages, the bank emphasizes career paths, performance incentives, and structured development. If you're evaluating Nova as a career destination, this information gives you clarity to set expectations, negotiate smartly, and plan your professional growth effectively.