How Much Does GTBank Pay Their Staff?

What’s Happening with GTBank’s Pay in 2025–2026

GTBank’s parent, Guaranty Trust Holding Company (GTCO), reported that fewer than 722 out of 5,866 permanent employees earned over ₦1 million per month by June 2025.
This follows a 40% salary increase in September 2024, which was meant to help staff handle the rising cost of living.
In the first half of 2025, GTCO’s personnel expenses rose to ₦54.39 billion, up from ₦41.50 billion a year earlier — a 31.1% increase.
According to its March 2025 financial statement, GTCO continues to invest significantly in its staff.

Inflation Pressure: High inflation in Nigeria is a big factor in the pay raise.
Talent Retention: With growing competition for skilled banking professionals, GTBank must pay well to keep its best people.
Performance-Based Pay: Promotions and pay are closely tied to performance, especially for officers, managers, and executives.
Sustainable Growth: While they’re raising pay, GTCO needs to balance this with profitability, given the large rise in personnel costs.

Here’s a breakdown of estimated monthly salaries for different roles at GTBank :

Role / Position	Estimated Monthly Salary (₦)
Intern / NYSC Trainee	~₦ 40,000
Graduate Trainee	₦ 209,000 – ₦ 294,000 (during training) Also, some sources say ₦ 140,000 – ₦ 180,000 depending on program.
Entry-Level / Executive Trainee	~₦ 460,000 per month
Assistant Banking Officer	₦ 720,000 per month (Some say ₦ 420,000 – ₦ 500,000 for similar roles.)
Banking Officer	₦ 350,000 (per Nigerian Queries) Some sources report up to ₦ 960,000.
Senior Banking Officer	~₦ 500,000 monthly (per Nigerian Queries) Others put it at ~₦ 1,100,000.
Assistant Manager	₦ 650,000 (per Nigerian Search Guide) Another source: ₦ 1,300,000.
Deputy Manager	~₦ 800,000 monthly (Nigerian Search Guide)
Branch Manager	₦ 700,000 – ₦ 1,200,000 per month (OgaJob) Another source pegs it at ~₦ 1,300,000.
Department Head / Senior Manager	₦ 1,000,000 – ₦ 1,500,000 (per OgaJob) Also, some “senior manager / head” roles are said to make ₦ 2,500,000+.
Executive / Director	₦ 2,000,000 – ₦ 3,000,000 (GTBank Exec Director per OgaJob) Top directors / MD roles could go up to ₦ 5,000,000 – ₦ 10,000,000 according to some salary-aggregator data.

GTBank employees don’t just earn base salary — their compensation mix typically includes:

GTBank has a structured promotion ladder: trainee → officer → manager → senior leadership.
Salary reviews happen to realign pay with inflation, performance, and cost-of-living changes.
Learning and development: Staff often get training opportunities, which help with raises and promotions.

Pension / Retirement Plan: Standard for full-time banking roles.
Leave: Paid annual leave, sick leave, possibly others depending on contract.
Employee Loans: Some banks, including GTBank, may offer internal staff loan schemes.
Staff Mobility: Potential to move laterally or upward within GTCO’s network.

While firm salary bands for 2026 are not publicly broken out, we can reasonably project some trends based on 2025 data and economic conditions:

Salaries may increase further: Given the 40% raise in late 2024 and high inflation, GTBank might do another modest raise (e.g., 10–20%) in 2026 if conditions persist.
More staff may cross ₦1 million/month: As roles mature and people are promoted, a larger fraction of staff might earn over ₦1 million monthly.
Higher pay for technical and digital roles: As banking continues digital transformation, roles in IT, risk, data, operations may command premium pay.
Increased personnel cost for GTCO: If pay rises, GTCO’s personnel expense line will likely continue to grow — but so long as business grows, this may be sustainable.

Rising Wage Bill: More pay means higher costs; GTCO must balance this with profitability.
Retention vs. Costs: To keep talent, GTBank must pay well, but aggressive pay raises can squeeze margins.
Inflation Risk: If inflation remains high, even recent raises may not be enough for employees.
Pay Inequality: Large pay gaps can emerge between junior staff and executives, potentially affecting morale.