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Ikiodiete George
- 3 Min Read
Polaris Bank Salary Structure In 2025: Entry-Level, Graduate Trainee, Managers & Senior Staff (Allowances Included)
Polaris Bank is a rising star in Nigeria’s banking industry, known for rewarding talent, offering career movement, and prioritizing competitive compensation. Here's a comprehensive breakdown of its salary structure and perks across all roles in 2025.
1. Graduate Trainee / Management Trainee
New entrants into Polaris Bank's trainee program benefit from immersive training across departments before securing full-time roles.
- Monthly Salary: ₦160,000 – ₦220,000
- Annual Salary: ₦1.9 million – ₦2.6 million
- Perks & Allowances:
- Health insurance coverage
- Pension contributions
- Transport stipends
- Structured mentorship and training
- Performance-based bonuses
2. Entry-Level Staff (Tellers, Customer Service, Junior Analysts)
These positions form the bank’s operational foundation, with competitive pay and structured growth pathways.
|
Position |
Monthly Salary (₦) |
Benefits & Notes |
|
Tellers / Customer Service Reps |
₦180,000 – ₦260,000 |
Health cover, pension, and performance bonuses |
|
Junior Bank Analysts |
₦230,000 – ₦320,000 |
Training support, mentorship, and career development |
Roles at this level include clear paths to promotion and professional growth.
3. Mid-Level Officers (Relationship Managers, Credit/Risk Analysts)
Officers at this level manage client portfolios, credit assessments, and product delivery with increasing responsibilities.
- Monthly Salary: ₦400,000 – ₦700,000
- Benefits Include:
- Housing allowance
- Transport stipends
- Family health insurance
- KPI-based bonuses
- Funding for professional certifications
4. Senior-Level Management (Branch Managers, Department Heads)
These senior roles combine strategic leadership with branch or unit oversight and come with executive-supportive packages.
|
Position |
Monthly Salary (₦) |
Additional Benefits |
|
Branch Manager |
₦800,000 – ₦1,200,000 |
Company car, performance bonuses, and team leadership tools |
|
Department/Unit Head |
₦1,000,000 – ₦1,400,000 |
Housing support, executive health benefits, leadership training |
5. Contractors & Specialist Roles
Polaris Bank brings in contracted experts for project-based or specialized roles, especially in IT, audit, and compliance.
- Monthly Compensation: ₦500,000 – ₦1,200,000
- Note: Contractors receive higher pay without standard benefits like pensions or group insurance.
6. Internship Programs (Undergraduate & Graduate)
Polaris Bank offers interns structured learning opportunities with mentorship and potential recruitment.
|
Internship Type |
Monthly Stipend (₦) |
Duration & Details |
|
Undergraduate Intern |
₦60,000 – ₦100,000 |
6–12 weeks; includes mentorship and project exposure |
|
Graduate Intern |
₦120,000 – ₦180,000 |
3–6 months; high-performers may eye trainee program offers |
7. Executive Leadership & Directors
Top-tier roles guide the bank’s strategic initiatives and enterprise performance.
- Executive Managers: ₦1,500,000 – ₦2,200,000 per month
- Directors: ₦2,000,000 – ₦3,500,000 per month
- C-Level Executives (e.g., MD, CFO, COO): ₦4,000,000 – ₦8,000,000+ per month
- Executive Benefits Include:
- Fleet or leased vehicles
- Stock options or equity participation
- International travel allowances
- Premium health care arrangements
- Housing and risk allowances
8. Salary Summary Table
|
Role Level |
Monthly Salary (₦) |
Key Highlights |
|
Graduate Trainee |
₦160,000 – ₦220,000 |
Training, transport stipends, health and pension |
|
Entry-Level Staff |
₦180,000 – ₦320,000 |
Basic benefits, performance incentives, training path |
|
Mid-Level Officers |
₦400,000 – ₦700,000 |
Housing, transport, certification support |
|
Senior Management |
₦800,000 – ₦1.4 million |
Executive leadership perks, bonuses, career impact |
|
Contractors |
₦500,000 – ₦1.2 million |
Project-based pay without full benefits package |
|
Interns |
₦60,000 – ₦180,000 |
Mentorship, experience, potential trainee channels |
|
C-Level Executives |
₦4 million – ₦8 million+ |
Comprehensive executive benefits, travel, equity |
Frequently Asked Questions
What do graduate trainees earn at Polaris Bank?
They earn between ₦160,000 and ₦220,000 monthly, with allowances for transport, health, and performance.
Do entry-level roles include bonuses?
Yes—these staff benefit from health insurance, pension, and performance bonus opportunities.
Can interns become graduate trainees?
Yes, standout interns are often invited into the graduate trainee program based on performance.
Are contractors provided with standard employee benefits?
No—while they earn more monthly, contractors typically don’t receive benefits like pensions or medical coverage.
What executive perks exist at Polaris?
Executives receive company cars, international travel, stock options, housing, and premium health plans.
Conclusion
Polaris Bank’s 2025 salary framework is structured to support and reward employees at all career levels—from internships to executive leadership. With competitive pay, allowances, and defined growth paths, the bank offers a strong incentive for professionals building a banking career.
Use this information to guide your career planning, salary expectations, and development strategy if you’re considering a role at Polaris Bank.
