Home > Salary > Nigeria > Bank Vice President
A bank vice president is a high-ranking executive who plays a crucial role in the overall management and success of a bank. They are responsible for overseeing various departments within the bank, such as lending, operations, risk management, and customer service. Their main objective is to ensure that the bank operates efficiently, meets its financial goals, and provides excellent service to its customers.
Bank vice presidents are involved in strategic planning, setting financial targets, and developing policies and procedures. They also monitor market trends and competition to identify opportunities for growth and improvement. Another important aspect of their role is building and maintaining relationships with key stakeholders, including clients, regulators, and other financial institutions.
Estimated Yearly Salary: 6,343,582 NGN
Estimated Monthly Salary: 528,632 NGN
Estimated Weekly Salary: 121,992 NGN per week
Estimated Hourly Salary: 3,050 NGN per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 511,284 NGN
Estimated Weekly Salary: 117,989 NGN per week
Estimated Hourly Salary: 2,950 NGN per hour
Last revision of data: 2024-01-06
Estimated Yearly Salary: 7,601 USD
Estimated Monthly Salary: 633 USD
Estimated Weekly Salary: 146 USD per week
Estimated Hourly Salary: 4 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
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: 6,343,582 NGN
Estimated Monthly Salary: 528,632 NGN
Estimated Weekly Salary: 121,992 NGN per week
Estimated Hourly Salary: 3,050 NGN per hour
By working as Bank Vice President a person can save up to 428 USD per month or 5,134 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 Vice President
Last revision of data: 2025-01-04
Data as of 2025
Random salary:
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Bank Vice President salary in Nigeria
Average Yearly Salary of Bank Vice President in Nigeria is approximately 6,343,582 NGN (7,601 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 Vice President do?
A bank vice president is a high-ranking executive who plays a crucial role in the overall management and success of a bank. They are responsible for overseeing various departments within the bank, such as lending, operations, risk management, and customer service. Their main objective is to ensure that the bank operates efficiently, meets its financial goals, and provides excellent service to its customers.
Bank vice presidents are involved in strategic planning, setting financial targets, and developing policies and procedures. They also monitor market trends and competition to identify opportunities for growth and improvement. Another important aspect of their role is building and maintaining relationships with key stakeholders, including clients, regulators, and other financial institutions.
Skills: Bank leadership, Financial management, Risk assessment, Customer service, Strategic planning, Relationship management.
Job industry: Finance
Job industry: Finance
How much does Bank Vice President make?
Salary details
How much does Bank Vice President make?Estimated Yearly Salary: 6,343,582 NGN
Estimated Monthly Salary: 528,632 NGN
Estimated Weekly Salary: 121,992 NGN per week
Estimated Hourly Salary: 3,050 NGN per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 6,135,404 NGNEstimated Monthly Salary: 511,284 NGN
Estimated Weekly Salary: 117,989 NGN per week
Estimated Hourly Salary: 2,950 NGN per hour
Last revision of data: 2024-01-06Bank Vice President estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 7,601 USD
Estimated Monthly Salary: 633 USD
Estimated Weekly Salary: 146 USD per week
Estimated Hourly Salary: 4 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %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 Vice President job salary compared to average salary in Nigeria.
Comparison shows that a person working as Bank Vice President in Nigeria earns on average:
1.61 times the average salary (or 161% 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 Vice President job salary compared to average salary in Nigeria.
Comparison shows that a person working as Bank Vice President in Nigeria earns on average:
1.61 times the average salary (or 161% of average salary).
Is Bank Vice President a well paid job?
Yes, our data shows that Bank Vice President 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 Vice President?
High salary for Bank Vice President would be somewhere between 6,977,940 NGN and 9,198,194 NGN. However this is an estimation based on Gaussian Distribution.How much can you save working as Bank Vice President 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: 6,343,582 NGN
Estimated Monthly Salary: 528,632 NGN
Estimated Weekly Salary: 121,992 NGN per week
Estimated Hourly Salary: 3,050 NGN per hour
By working as Bank Vice President a person can save up to 428 USD per month or 5,134 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 Vice President
Cameroon is 2,448 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:
Department manager retail store (2,664,563 NGN per year, pre-tax.)
Prosecuting attorney (6,403,008 NGN per year, pre-tax.)
Data analyst manager (6,617,629 NGN per year, pre-tax.)
Senior researcher (8,565,208 NGN per year, pre-tax.)
Entrepreneur (5,901,324 NGN per year, pre-tax.)
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Salary details presented on this website are meant for reference use exclusively. Our data is sourced through various sources and may not necessarily be up to date. Users should verify salary information through other means before making financial decisions. The figures listed here may fluctuate due to variables such as company policies, experience levels, and demand shifts. We cannot warrant that the information displayed is flawless. By accessing this website, you accept that salary information is offered 'as is' and without warranties.
Salary details presented on optisalary.com are meant for reference use only. Our data is sourced through multiple sources and may not necessarily be up to date. Users should verify salary information independently before making financial commitments. The figures shown here may fluctuate due to factors such as company policies, experience levels, and demand shifts. We cannot warrant that the data displayed is flawless. By accessing optisalary.com, you agree that salary information is offered 'as is' and without assurances.