Home > Salary > Nigeria > Deposit Operations Manager
A Deposit Operations Manager is responsible for overseeing the day-to-day operations of a financial institution's deposit accounts. They ensure that all transactions related to deposits, withdrawals, and transfers are processed accurately and efficiently. This role involves managing a team of deposit operations staff, monitoring account activity, reconciling discrepancies, and ensuring compliance with banking regulations and policies. The Deposit Operations Manager also collaborates with other departments such as customer service, risk management, and IT to streamline processes and improve customer experience. Strong analytical skills, attention to detail, and knowledge of banking procedures are essential for this role.
Estimated Yearly Salary: 4,784,557 NGN
Estimated Monthly Salary: 398,713 NGN
Estimated Weekly Salary: 92,011 NGN per week
Estimated Hourly Salary: 2,300 NGN per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 386,441 NGN
Estimated Weekly Salary: 89,179 NGN per week
Estimated Hourly Salary: 2,229 NGN per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 5,759 USD
Estimated Monthly Salary: 480 USD
Estimated Weekly Salary: 111 USD per week
Estimated Hourly Salary: 3 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: 4,784,557 NGN
Estimated Monthly Salary: 398,713 NGN
Estimated Weekly Salary: 92,011 NGN per week
Estimated Hourly Salary: 2,300 NGN per hour
By working as Deposit Operations Manager a person can save up to 274 USD per month or 3,292 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 Deposit Operations Manager
Last revision of data: 2025-01-04
Data as of 2025
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Deposit Operations Manager salary in Nigeria
Average Yearly Salary of Deposit Operations Manager in Nigeria is approximately 4,784,557 NGN (5,759 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 Deposit Operations Manager do?
A Deposit Operations Manager is responsible for overseeing the day-to-day operations of a financial institution's deposit accounts. They ensure that all transactions related to deposits, withdrawals, and transfers are processed accurately and efficiently. This role involves managing a team of deposit operations staff, monitoring account activity, reconciling discrepancies, and ensuring compliance with banking regulations and policies. The Deposit Operations Manager also collaborates with other departments such as customer service, risk management, and IT to streamline processes and improve customer experience. Strong analytical skills, attention to detail, and knowledge of banking procedures are essential for this role.
Skills: Deposit Operations Manager, Banking, Financial Services, Account Management, Compliance, Team Leadership
Job industry: Banking
Job industry: Banking
How much does Deposit Operations Manager make?
Salary details
How much does Deposit Operations Manager make?Estimated Yearly Salary: 4,784,557 NGN
Estimated Monthly Salary: 398,713 NGN
Estimated Weekly Salary: 92,011 NGN per week
Estimated Hourly Salary: 2,300 NGN per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 4,637,292 NGNEstimated Monthly Salary: 386,441 NGN
Estimated Weekly Salary: 89,179 NGN per week
Estimated Hourly Salary: 2,229 NGN per hour
Last revision of data: 2024-01-03Deposit Operations Manager estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 5,759 USD
Estimated Monthly Salary: 480 USD
Estimated Weekly Salary: 111 USD per week
Estimated Hourly Salary: 3 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 Deposit Operations Manager job salary compared to average salary in Nigeria.
Comparison shows that a person working as Deposit Operations Manager in Nigeria earns on average:
1.21 times the average salary (or 121% 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 Deposit Operations Manager job salary compared to average salary in Nigeria.
Comparison shows that a person working as Deposit Operations Manager in Nigeria earns on average:
1.21 times the average salary (or 121% of average salary).
Is Deposit Operations Manager a well paid job?
No / we do not have enough data to assess this.What is considered a high salary for Deposit Operations Manager?
High salary for Deposit Operations Manager would be somewhere between 5,263,013 NGN and 6,937,608 NGN. However this is an estimation based on Gaussian Distribution.How much can you save working as Deposit Operations 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: 4,784,557 NGN
Estimated Monthly Salary: 398,713 NGN
Estimated Weekly Salary: 92,011 NGN per week
Estimated Hourly Salary: 2,300 NGN per hour
By working as Deposit Operations Manager a person can save up to 274 USD per month or 3,292 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 Deposit Operations Manager
Cameroon is 1,860 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:
Executive director human resources (hr) (7,910,641 NGN per year, pre-tax.)
Licensed practical or licensed vocational nurse (3,313,158 NGN per year, pre-tax.)
Underwriter municipal bonds (10,381,911 NGN per year, pre-tax.)
X-ray technician (certified) (2,648,180 NGN per year, pre-tax.)
Pre-kindergarten teacher (2,479,752 NGN per year, pre-tax.)
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