Stanbic IBTC Bank pays its staff according to their class within the bank system. There are two major classes of staff in the bank, among many classifications, they are the Core or Permanent Staffs, and the Contract or Temporary Staffs. Salaries of both cadres differ.
The temporary or contract staffs: IT students are the lowest cadre of contract staffs. They earn in the region of N7,000 to N10,000 naira monthly; other specialized interns earn anywhere between N10,000 – N20,000 naira monthly. Graduate trainees earn in the region of N60,000 to N75,000 naira monthly during their training.
The Core or permanent staffs: Entry-level staffs are the lowest cadre of permanent staffs. They earn between #160,000 and #180,000 naira monthly. After this level, it increases as one climbs higher the ladder of leadership and responsibility through recommendation and promotion.