Home > Salary > Nigeria > Product Manager Banking
A Product Manager in the banking industry is responsible for the development and management of banking products and services. They work closely with cross-functional teams, including marketing, sales, technology, and operations, to identify market needs, define product strategies, and oversee the entire product lifecycle. This includes conducting market research, analyzing customer feedback, and collaborating with stakeholders to prioritize and execute product enhancements or new product launches. The Product Manager also ensures compliance with regulatory requirements, monitors market trends, and identifies opportunities for product innovation and differentiation. They are responsible for setting product pricing, defining product positioning, and creating marketing collateral to support sales efforts. Strong analytical skills, strategic thinking, and excellent communication skills are essential for this role.
Estimated Yearly Salary: 7,614,862 NGN
Estimated Monthly Salary: 634,572 NGN
Estimated Weekly Salary: 146,440 NGN per week
Estimated Hourly Salary: 3,661 NGN per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 612,788 NGN
Estimated Weekly Salary: 141,413 NGN per week
Estimated Hourly Salary: 3,535 NGN per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 9,105 USD
Estimated Monthly Salary: 759 USD
Estimated Weekly Salary: 175 USD per week
Estimated Hourly Salary: 4 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: 7,614,862 NGN
Estimated Monthly Salary: 634,572 NGN
Estimated Weekly Salary: 146,440 NGN per week
Estimated Hourly Salary: 3,661 NGN per hour
By working as Product Manager Banking a person can save up to 553 USD per month or 6,638 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 Product Manager Banking
Last revision of data: 2025-01-04
Data as of 2025
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Product Manager Banking salary in Nigeria
Average Yearly Salary of Product Manager Banking in Nigeria is approximately 7,614,862 NGN (9,105 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 Product Manager Banking do?
A Product Manager in the banking industry is responsible for the development and management of banking products and services. They work closely with cross-functional teams, including marketing, sales, technology, and operations, to identify market needs, define product strategies, and oversee the entire product lifecycle. This includes conducting market research, analyzing customer feedback, and collaborating with stakeholders to prioritize and execute product enhancements or new product launches. The Product Manager also ensures compliance with regulatory requirements, monitors market trends, and identifies opportunities for product innovation and differentiation. They are responsible for setting product pricing, defining product positioning, and creating marketing collateral to support sales efforts. Strong analytical skills, strategic thinking, and excellent communication skills are essential for this role.
Skills: Product Manager, Banking, Product Development, Market Research, Product Strategy, Innovation
Job industry: Banking
Job industry: Banking
How much does Product Manager Banking make?
Salary details
How much does Product Manager Banking make?Estimated Yearly Salary: 7,614,862 NGN
Estimated Monthly Salary: 634,572 NGN
Estimated Weekly Salary: 146,440 NGN per week
Estimated Hourly Salary: 3,661 NGN per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 7,353,456 NGNEstimated Monthly Salary: 612,788 NGN
Estimated Weekly Salary: 141,413 NGN per week
Estimated Hourly Salary: 3,535 NGN per hour
Last revision of data: 2024-01-03Product Manager Banking estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 9,105 USD
Estimated Monthly Salary: 759 USD
Estimated Weekly Salary: 175 USD per week
Estimated Hourly Salary: 4 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 Product Manager Banking job salary compared to average salary in Nigeria.
Comparison shows that a person working as Product Manager Banking in Nigeria earns on average:
1.93 times the average salary (or 193% 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 Product Manager Banking job salary compared to average salary in Nigeria.
Comparison shows that a person working as Product Manager Banking in Nigeria earns on average:
1.93 times the average salary (or 193% of average salary).
Is Product Manager Banking a well paid job?
Yes, our data shows that Product Manager Banking 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 Product Manager Banking?
High salary for Product Manager Banking would be somewhere between 8,376,348 NGN and 11,041,550 NGN. However this is an estimation based on Gaussian Distribution.How much can you save working as Product Manager Banking 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: 7,614,862 NGN
Estimated Monthly Salary: 634,572 NGN
Estimated Weekly Salary: 146,440 NGN per week
Estimated Hourly Salary: 3,661 NGN per hour
By working as Product Manager Banking a person can save up to 553 USD per month or 6,638 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 Product Manager Banking
Cameroon is 2,945 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.)
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(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:
Power plant manager (9,461,012 NGN per year, pre-tax.)
Canvasser (1,916,642 NGN per year, pre-tax.)
Houseman (1,577,548 NGN per year, pre-tax.)
Medical examiner (6,980,804 NGN per year, pre-tax.)
Yard supervisor (3,002,957 NGN per year, pre-tax.)
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