The full details on FCMB Salary Structure and Allowances and FCMB salary scale can be accessed here on ejesgist.ng.
Have you been wondering if it is possible to find out how much the employees of First City Monument Bank get paid every month? This post will walk you through the current structure of the FCMB wage, so keep reading!
It is very important for individuals who plan on working in the banking industry to have a solid understanding of what they can anticipate receiving from the bank for which they wish to work. During the interview, you should also be prepared to answer questions such as “How much do you anticipate receiving as your monthly payments during the interview session?” in the majority of cases.
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This alone is a sufficient explanation of why you should recognize the salary structure so that you can reply in line with their salary Structure.
FCMB is among the top ten (10) highest-paying banks in Nigeria as of today. The bank pays its workers well, relative to most of the banking sector’s leading banks.
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The FCMB’s Short History
First City Monument Bank was founded in 1977 as City Securities Ltd., FCMB is an abbreviation for First City Monument Bank. In 1982, on April 20 to be exact, the bank received its licence and adopted the name First City Merchant Bank.
Due to upgrades at his bank, the Merchant in his name was changed to Monument around 2001 after a few years.
The FCMB Salary scale, FCMB Salary Structure and Allowances
The First City Monument Bank’s wage structure would be classified on the basis of the positions/level of workers employed with the bank. The different levels and what they earn every month are below;
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1. FCMB Salary Structure for Graduate Trainee
It is extremely rare to come across a financial institution that does not employ graduate trainees in some capacity. Any graduate who has the intention of working for a specific bank must undergo training because it is necessary for them to be familiarised with the operations that take place in the sector.
The graduate trainee programme at FCMB lasts for a total of four (4) months, during which time participants are paid a salary of forty-six thousand naira (N46,000) regularly.
2. FCMB Salary Structure for Contract Staff
People who fall into this category are eligible for an attractive pay package from the bank. The types of people who work as contract staff include members of the National Youth Service Corps (NYSC), students participating in an internship programme, and individuals who have the desire to work in the industry but have only a limited amount of experience in it.
The monthly payment for these individuals ranges between fifty-eight thousand and sixty-three thousand naira (N58,000 and N63,000 respectively).
3. FCMB Salary Structure for Entry-Level
This is the first level of the major staff, and those in this role are responsible for performing fundamental responsibilities. Those who complete the training successfully will be eligible to work at this level and will see an increase in their pay as a result. A monthly salary of one hundred and fifteen thousand naira (N115,000) is provided to staff members who are employed in this category.
4. FCMB Salary Scale Customer care Service Representative
Every month, customer service representatives earn a salary that ranges from one hundred and fourteen thousand naira (N114,000) to one hundred and twenty-four thousand naira (N124,000).
5. FCMB Salary Structure for Relationship Officer
Those who work in this portfolio are given a monthly salary that ranges from two hundred sixty-seven thousand naira (N267,000) to two hundred ninety thousand naira (N290,000).
6. FCMB Salary Structure and allowances for Loan Officers
Those who work as loan officers for FCMB receive a monthly salary of five hundred and forty-one thousand naira (541,000).
7. FCMB Allowances and Structure for Credit Analysts
If you want to work as a credit analyst in a banking company, you need to have a significant amount of experience, and you also need to be able to function effectively under pressure. The employees in this office are each paid a monthly salary of three hundred and twenty thousand naira (N320,000).
8. Marketers
Marketers at FCMB receive a monthly salary that ranges between thirty-eight thousand and forty-five thousand naira (N38,000 and N45,000 respectively).
9. Branch Manager
This is the highest position, and in addition to the enticing allowances that are given to the branch manager, the primary salary that they receive monthly is 690,000 naira (N690,000).
It is our pleasure to also inform you that the location of the branch matters, as it plays an important role when it comes to the payment that the staff receives. This is something that we want to make sure you are aware of. However, the standard pay rate is what we have been able to work out and present in this very post.
We hope that you have been able to acquire all of the required information regarding the salary structure of the bank FCMB. You are welcome to browse our site for other similar posts, and you can also share them with others.
10. Cleaners: Those working in FCMB as cleaners are also well paid. According to a piece of reliable information at our disposal. They are being paid between Fifty-eight thousand naira (₦58,000) to Sixty-three thousand naira (₦63,000) as their monthly pay.
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