Banking Branch Manager salary in Nigeria

Average Yearly Salary of Banking Branch Manager in Nigeria is approximately 4,987,536 NGN (5,975 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 Banking Branch Manager do?

A banking branch manager is responsible for overseeing the operations of a bank branch. They manage a team of employees, including tellers, loan officers, and customer service representatives, ensuring that all daily activities are carried out efficiently and effectively. The branch manager is also responsible for developing and implementing strategies to attract new customers, retain existing ones, and meet sales targets. They handle customer complaints and inquiries, resolve issues, and ensure excellent customer service. Additionally, they monitor financial transactions, review branch performance, and prepare reports for senior management. A banking branch manager must have strong leadership and communication skills, as well as a thorough understanding of banking products and services. They should be knowledgeable about compliance regulations and risk management. This role requires excellent problem-solving abilities and the ability to work well under pressure.

Skills: Banking, Branch Manager, Leadership, Customer Service, Sales, Risk Management
Job industry: Banking

How much does Banking Branch Manager make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Banking Branch Manager a well paid job?

Yes, our data shows that Banking Branch Manager 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 Banking Branch Manager?

High salary for Banking Branch Manager would be somewhere between 5,486,290 NGN and 7,231,927 NGN. However this is an estimation based on Gaussian Distribution.

How much can you save working as Banking Branch Manager 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: 4,987,536 NGN
Estimated Monthly Salary: 415,628 NGN
Estimated Weekly Salary: 95,914 NGN per week
Estimated Hourly Salary: 2,398 NGN per hour
By working as Banking Branch Manager a person can save up to 292 USD per month or 3,508 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 Banking Branch Manager

Last revision of data: 2025-01-04

Salary 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 increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Nigeria

Data as of 2025

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