Home > Salary > Nigeria > Bank Executive
A bank executive is a high-level professional responsible for overseeing the strategic and operational activities of a bank. They play a crucial role in managing the bank's overall performance, ensuring compliance with regulations, and making informed decisions to drive growth and profitability. Bank executives are involved in setting financial goals, developing and implementing business strategies, and monitoring key performance indicators.
Their responsibilities may include managing relationships with clients, stakeholders, and regulators, as well as leading teams and departments within the bank. They are also responsible for assessing and managing risks, ensuring the bank's financial stability, and staying updated on industry trends and market conditions.
Estimated Yearly Salary: 5,189,600 NGN
Estimated Monthly Salary: 432,467 NGN
Estimated Weekly Salary: 99,800 NGN per week
Estimated Hourly Salary: 2,495 NGN per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 417,652 NGN
Estimated Weekly Salary: 96,381 NGN per week
Estimated Hourly Salary: 2,410 NGN per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 6,190 USD
Estimated Monthly Salary: 516 USD
Estimated Weekly Salary: 119 USD per week
Estimated Hourly Salary: 3 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 5,189,600 NGN
Estimated Monthly Salary: 432,467 NGN
Estimated Weekly Salary: 99,800 NGN per week
Estimated Hourly Salary: 2,495 NGN per hour
By working as Bank Executive a person can save up to 310 USD per month or 3,723 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Nigeria, see costs of living in Nigeria.
Estimated Yearly Salary for Bank Executive
Last revision of data: 2025-01-04
Data as of 2025
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Bank Executive salary in Nigeria
Average Yearly Salary of Bank Executive in Nigeria is approximately 5,189,600 NGN (6,190 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Bank Executive do?
A bank executive is a high-level professional responsible for overseeing the strategic and operational activities of a bank. They play a crucial role in managing the bank's overall performance, ensuring compliance with regulations, and making informed decisions to drive growth and profitability. Bank executives are involved in setting financial goals, developing and implementing business strategies, and monitoring key performance indicators.
Their responsibilities may include managing relationships with clients, stakeholders, and regulators, as well as leading teams and departments within the bank. They are also responsible for assessing and managing risks, ensuring the bank's financial stability, and staying updated on industry trends and market conditions.
Skills: Bank executive, Financial management, Strategic planning, Compliance, Risk management, Leadership
Job industry: Finance
Job industry: Finance
How much does Bank Executive make?
Salary details
How much does Bank Executive make?Estimated Yearly Salary: 5,189,600 NGN
Estimated Monthly Salary: 432,467 NGN
Estimated Weekly Salary: 99,800 NGN per week
Estimated Hourly Salary: 2,495 NGN per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 5,011,820 NGNEstimated Monthly Salary: 417,652 NGN
Estimated Weekly Salary: 96,381 NGN per week
Estimated Hourly Salary: 2,410 NGN per hour
Last revision of data: 2024-01-03Bank Executive estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 6,190 USD
Estimated Monthly Salary: 516 USD
Estimated Weekly Salary: 119 USD per week
Estimated Hourly Salary: 3 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Nigeria is a country located in West Africa. It is the most populous country on the African continent, with a population of over 200 million people. The country covers an area of about 923,768 square kilometers, making it the 32nd largest country in the world. Nigeria shares borders with Niger, Chad, Cameroon, and Benin.
Estimated national average yearly salary is 3,943,871 NGN (5,140 USD). Value indicated is pre-tax. Below graph shows estimated Bank Executive job salary compared to average salary in Nigeria.
Comparison shows that a person working as Bank Executive in Nigeria earns on average:
1.32 times the average salary (or 132% of average salary).
Estimated national average yearly salary is 3,943,871 NGN (5,140 USD). Value indicated is pre-tax. Below graph shows estimated Bank Executive job salary compared to average salary in Nigeria.
Comparison shows that a person working as Bank Executive in Nigeria earns on average:
1.32 times the average salary (or 132% of average salary).
Is Bank Executive a well paid job?
Yes, our data shows that Bank Executive is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Bank Executive?
High salary for Bank Executive would be somewhere between 5,708,560 NGN and 7,524,920 NGN. However this is an estimation based on Gaussian Distribution.How much can you save working as Bank Executive in Nigeria?
Living in Nigeria the approximate monthly expenses are: 206 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 5,189,600 NGN
Estimated Monthly Salary: 432,467 NGN
Estimated Weekly Salary: 99,800 NGN per week
Estimated Hourly Salary: 2,495 NGN per hour
By working as Bank Executive a person can save up to 310 USD per month or 3,723 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Nigeria, see costs of living in Nigeria.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Niger, Chad, Cameroon, Benin. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Bank Executive
Cameroon is 2,007 USD
Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in Nigeria
(44,763,887 NGN per year, pre-tax.)
2. Cardiologist
(37,279,896 NGN per year, pre-tax.)
(36,135,019 NGN per year, pre-tax.)
4. Neurosurgeon
(35,033,176 NGN per year, pre-tax.)
(35,006,913 NGN per year, pre-tax.)
(34,175,491 NGN per year, pre-tax.)
7. Oncologist
(34,169,925 NGN per year, pre-tax.)
(34,162,253 NGN per year, pre-tax.)
(34,132,586 NGN per year, pre-tax.)
10. Plastic surgeon
(34,129,168 NGN per year, pre-tax.)
Data as of 2025Random salary:
Paid search analyst (3,667,646 NGN per year, pre-tax.)
It support specialist (3,825,708 NGN per year, pre-tax.)
Assistant director of residential life (3,066,492 NGN per year, pre-tax.)
Physician doctor pediatric neurologist (11,569,685 NGN per year, pre-tax.)
It desktop support technician (2,927,507 NGN per year, pre-tax.)
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