With regard to the Nigerian banking sector, Union Bank of Nigeria Plc is one of the oldest and most revered banking and financial institutions in Nigeria. Established in 1917, the bank has not only built a credible reputation for service delivery, but also for staff welfare and professional growth over the years.
A very frequent question among job seekers and people in the banking industry is: “What is Union Bank’s salary structure for its employees?”
In this post, we are going to discuss the pay scale at Union Bank of Nigeria Plc so that we can shed some light regarding the earnings of various positions in the bank, and what to expect if you are willing to build a career with them.
Also read: Top 10 Banks With The Highest Salaries: For Entry-Level Staff In Nigeria
Overview of Union Bank’s Salary Structure
Like all major competitive banks, Union bank pays their staff thier salaries and operational bonuses based on performance, and other appealing benefits.
The given structure also depends on the scope of work, level of experience, their qualifications as well as place of work.
Provided below is an approximate average salary for some positions at Union Bank in the year 2025.
1. Union Bank Entry Level Positions ( Graduate Trainee and Junior Level)
- Basic Salary – ₦150,000 to ₦300,000
- Positions: Graduate trainees, Customer Care Operatives, Cashiers, Tellers.
Benefits:
– medical insurance
– pension plans
– allowances for transportation and housing
– bonuses.
2. Intermediate Level (Officers and Analysts)
- Basic Salary: ₦300,000 to ₦700,000
- Positions: Loan Officers, Managers of Relationships, Account Officers, Support IT Staff
Benefits:
– Increased Transport and Housing Allowances.
– Training Development and Education Programs
– Bonuses Annually
3. Senior-Level Positions (Managers & Team Leads)
- Monthly Salary Range: ₦700,000 – ₦2,000,000
- Roles: Branch Managers, Senior Accountants, IT Managers, Marketing Managers
- Benefits:
- Car allowance
- Larger performance bonuses
- Stock options (for some roles)
4. Executive & Top Management (Directors & C-Suite Executives)
- Monthly Salary Range: ₦2,000,000 – ₦8,000,000+
- Roles: Head of Departments, Chief Financial Officer (CFO), Managing Director
- Benefits:
- Executive bonuses
- Premium health insurance
- International travel opportunities
Factors That Influence Salaries at Union Bank
- Experience & Qualifications: Employees with advanced degrees (MBA, MSc) or professional certifications (ACCA, CFA, CIPM) earn higher salaries.
- Job Performance: High-performing staff receive better bonuses and faster promotions.
- Location: Salaries may differ slightly between Lagos, Abuja, and other states.
- Recruitment: Some Employees Bargain For Pay Raises During Hiring.
Union Bank Additional Benefits
- Staff Loans – Unsecured Low-interest Loans Offered Employees.
- Annual Bonuses – Up to 3 to 6 Month Salaries Performance Base For Top Employees Are Awarded.
- Pension Scheme- Managed Under Regulations of PENCOM and Basic Firm Provides.
- Health & Wellness – Covered Medical Expenses Extend to Employee’s Family
- Developmental Sponsorship – Employees are sponsored for professional courses and training
Final Thoughts – Union Bank Of Nigeria Plc Salary Structure
The competitive remuneration and employee benefits offered by Union Bank of Nigeria Plc continues to make it a preferred choice for professionals in the banking industry. From new graduates to seasoned bankers, everyone benefits from Union Bank’s great career opportunities and generous compensation packages.
If you are eager to join the banking sector, Union Bank of Nigeria Plc will meet your expectations owing to their competitive salary and other benefits.
FAQs – Union Bank Of Nigeria Plc Salary Structure
What is the entry level salary for Union Bank of Nigeria?
The entry-level salary for Union Bank of Nigeria varies depending on the role and qualifications.
Does Union Bank pay well?
Union Bank of Nigeria offers competitive salaries to its employees, with the average monthly salary of between ₦150,000 to ₦300,000.
Disclaimer: Salaries may vary based on individual negotiations, job performance, and company policies. The figures provided are estimates based on industry standards and insider reports.