Sterling Bank Nigeria, one of the country's dynamic and innovation-driven commercial banks, has adjusted its employee compensation package in 2025 to remain competitive in the banking sector and keep pace with fintech and global standards. This article provides a comprehensive breakdown of Sterling Bank’s updated salary structure and allowances for various employee categories.
Entry-Level Salary at Sterling Bank
Fresh graduates typically begin their careers at Sterling Bank as Graduate Trainees. During their training, which usually lasts between 4 to 6 months, they receive a monthly stipend ranging from ₦60,000 to ₦85,000. After successful completion of the training program, they are absorbed as full-time Executive Trainees.
- Executive Trainee Salary: ₦528,000/month (net pay)
This recent adjustment was made in early 2025 to improve staff motivation and reduce attrition.
Mid-Level Salary Structure
Mid-level professionals at Sterling Bank handle supervisory and operational responsibilities. The salary for each role depends on experience and performance, but the average pay has increased significantly in 2025.
- Assistant Banking Officer: ₦850,000/month
- Banking Officer: ₦700,000 to ₦1,030,000/month
- Senior Banking Officer: ₦1,100,000/month
These positions often come with performance-based bonuses and access to additional perks like subsidized housing, training programs, and managerial mentoring.
Senior-Level Salary at Sterling Bank
Senior employees, including Assistant Managers and higher, are compensated according to their strategic importance in the organization. Their compensation also includes various performance incentives and annual bonuses.
- Assistant Manager: ₦1.3 million/month
- Manager and Above: While exact figures are not officially disclosed, senior staff can earn between ₦1.5 million and ₦3 million/month, depending on their rank and responsibilities.
Contract Staff and Support Workers
Sterling Bank also employs contract staff for support roles such as customer service, clerical work, and logistics. These workers earn significantly less but still enjoy a decent wage within the sector.
- Contract Staff Salary: ₦90,000 to ₦180,000/month
- IT Support & Help Desk: Approximately ₦120,000/month
Sterling Bank Allowances and Benefits
In addition to monthly salaries, Sterling Bank provides attractive allowances and welfare packages to its employees:
1. Performance-Based Bonuses
Bonuses are awarded annually based on employee KPIs and overall bank performance.
2. Housing and Transport Allowance
Certain roles are eligible for housing subsidies or transport stipends to ease commuting expenses.
3. Medical Benefits
Full-time employees enjoy comprehensive health insurance for themselves and their dependents.
4. Leave Entitlements
Sterling Bank offers paid annual leave, maternity and paternity leave, and sick leave.
5. Pension Contributions
The bank contributes to employees’ retirement savings, adhering to the national pension regulations.
6. Training and Professional Development
Employees benefit from internal and external training to support professional growth and leadership development.
Frequently Asked Questions (FAQ)
Q1: What is the starting salary for a graduate trainee at Sterling Bank in 2025?
A: Graduate trainees earn between ₦60,000 and ₦85,000 monthly during the training period.
Q2: How much does an Executive Trainee earn after training?
A: Executive Trainees earn ₦528,000 per month as their starting salary.
Q3: What is the average salary for a mid-level banking officer?
A: Mid-level staff such as Banking Officers earn between ₦700,000 and ₦1,030,000 per month.
Q4: Does Sterling Bank offer benefits beyond salaries?
A: Yes. Employees receive health insurance, bonuses, housing or transport allowances, and pension contributions.
Q5: Are there opportunities for promotion and career growth at Sterling Bank?
A: Absolutely. The bank promotes internal growth through performance-based promotions and provides regular training.
Conclusion
Sterling Bank’s salary and allowance structure for 2025 reflects its dedication to employee satisfaction and its commitment to competing effectively in Nigeria’s evolving financial ecosystem. With competitive pay, excellent benefits, and a strong focus on staff development, Sterling Bank continues to position itself as one of the most attractive employers in Nigeria's banking sector.
Whether you’re a fresh graduate exploring your first job or a seasoned professional looking to advance, Sterling Bank offers an environment that rewards hard work, innovation, and commitment.
