Thinking about working with First City Monument Bank (FCMB) or just curious about how much they pay in 2025? You’re in the right place. Whether you’re a job seeker, banking graduate, or comparing Nigerian bank salaries, this detailed guide breaks down everything you need to know about FCMB salary structure from graduate trainee level to branch manager and beyond.
We’ll reveal monthly salaries by role, explain FCMB’s allowances and bonuses, show how promotions work, compare FCMB with other banks, and answer frequently asked questions about FCMB salaries in Nigeria.
Summary: FCMB Salary Structure in Nigeria (2025)
| Job Role | Estimated Monthly Salary (₦) | Allowance Range (₦) |
|---|---|---|
| Graduate Trainee | ₦50,000 – ₦65,000 | ₦10,000 – ₦20,000 |
| Entry-Level Staff (Banking Officer) | ₦95,000 – ₦145,000 | ₦25,000 – ₦45,000 |
| Relationship Manager | ₦160,000 – ₦230,000 | ₦40,000 – ₦70,000 |
| Branch Manager | ₦280,000 – ₦450,000 | ₦80,000 – ₦120,000 |
| Senior Executive / Director | ₦500,000 – ₦1,000,000+ | ₦150,000 – ₦300,000 |
About FCMB: A Quick Overview
First City Monument Bank (FCMB) is a reputable Nigerian financial institution offering personal, business, and investment banking services. Established in 1982, it has evolved into a major player in the Nigerian banking sector, with hundreds of branches across the country.
Working at FCMB means becoming part of a modern, performance-driven organization that rewards innovation, ethical behavior, and professional excellence.
FCMB Salary Structure Per Month in Nigeria (2025)
Salaries at FCMB are structured by rank and performance. Entry-level employees start with decent pay, and promotions come with significant salary and allowance increases.
1. FCMB Graduate Trainee Salary
Monthly Salary: ₦50,000 – ₦65,000
Training Duration: 3 – 6 months
Additional Perks: Transport support, meals, accommodation during bootcamp
Graduate trainees undergo onboarding sessions on core banking processes, customer relationship management, and digital tools. After successful completion, they’re posted to departments and upgraded to full-time staff with higher pay.
2. Entry-Level Officer (Banking Officer) Salary
Monthly Salary: ₦95,000 – ₦145,000
Common Roles: Customer Service Officer, Teller, Operations Staff
Allowances: ₦25,000 – ₦45,000 monthly
These are the core staff running branch operations, attending to customers, and executing daily financial transactions. Sales staff at this level often earn performance bonuses for hitting targets.
3. Relationship Manager Salary
Monthly Salary: ₦160,000 – ₦230,000
Primary Duties: Business development, portfolio management, SME and retail client acquisition
Bonuses: ₦40,000 – ₦70,000 (for achieving account and loan targets)
This role involves a high degree of client interaction. Managers are expected to grow customer portfolios and sell FCMB products while ensuring excellent service delivery.
4. FCMB Branch Manager Salary
Monthly Salary: ₦280,000 – ₦450,000
Management Bonus: ₦80,000 – ₦120,000
Responsibilities: Oversight of staff, operational efficiency, branch profitability, and regulatory compliance
Branch Managers carry full responsibility for the bank’s operations in their location and are accountable for team performance, revenue, and service delivery.
5. Senior Executives & Director-Level Salary
Monthly Salary: ₦500,000 – ₦1,000,000+
Other Benefits: HMO, official car, security allowance, annual retreats
This level includes General Managers, Regional Directors, Heads of Units, and Executive Directors. Salaries reflect strategic oversight roles and national responsibilities.
FCMB Staff Allowances and Incentives (2025)
FCMB provides both monetary and non-monetary benefits to support staff welfare, performance, and retention.
Major Allowances for Staff
Housing Allowance: ₦20,000 – ₦70,000 depending on role and location
Transport Allowance: ₦10,000 – ₦30,000
Feeding Subsidy: ₦5,000 – ₦15,000
13th Month Salary: Paid at the end of the year
Annual Leave Bonus: One-month salary paid during approved leave
Performance Bonuses: Based on KPIs, typically quarterly or annually
Medical Insurance: HMO plan for staff and registered dependents
Training Support: Reimbursement for professional courses (e.g., CIBN, ICAN)
These benefits can raise total compensation significantly, especially for high-performing staff.
FCMB Promotion Structure & Career Growth
Career advancement at FCMB follows a clear progression system. Staff are evaluated periodically based on their performance, skill development, and available openings.
Promotion Timeline (Typical)
Graduate Trainee → Banking Officer in 6 – 9 months
Banking Officer → Relationship Manager in 2 – 3 years
Managerial roles are awarded based on leadership ability and results
Executives are selected after proven years of consistent top performance
Employees are encouraged to upskill through training, digital certifications, and internal mentorship programs.
FCMB Salary vs Other Nigerian Banks (2025)
| Bank Name | Entry-Level Salary (₦) | Branch Manager Salary (₦) | Executive Salary (₦) |
|---|---|---|---|
| FCMB | ₦95,000 – ₦145,000 | ₦280,000 – ₦450,000 | ₦500,000 – ₦1M+ |
| UBA | ₦105,000 – ₦165,000 | ₦300,000 – ₦450,000 | ₦700,000 – ₦1.5M |
| GTBank | ₦120,000 – ₦180,000 | ₦320,000 – ₦470,000 | ₦750,000 – ₦1.6M |
| Jaiz Bank | ₦100,000 – ₦160,000 | ₦280,000 – ₦400,000 | ₦500,000 – ₦1.2M |
| Unity Bank | ₦90,000 – ₦140,000 | ₦270,000 – ₦400,000 | ₦500,000 – ₦1.1M |
While GTBank and UBA may offer slightly higher base salaries, FCMB compensates with flexible working conditions, professional development support, and a collaborative environment.
Cost of Living vs FCMB Salary in 2025
If you're an entry-level staff working in cities like Ibadan, Abuja, or Port Harcourt, here’s how FCMB’s monthly salary compares to basic living costs:
| Monthly Expense | Estimated Cost (₦) |
|---|---|
| Feeding | ₦25,000 – ₦35,000 |
| Transport | ₦10,000 – ₦15,000 |
| Rent (shared apartment) | ₦30,000 – ₦50,000 |
| Utilities & Airtime | ₦5,000 – ₦10,000 |
With a net income of over ₦120,000 including allowances, FCMB staff can comfortably meet these costs and still save, especially when posted outside Lagos.
Benefits of Working at FCMB in 2025
Stable Income: Salaries are prompt and consistent
Growth Opportunities: Promotions based on results and learning
Work Culture: Encouraging, ethical, and performance-driven
Health Insurance: Reliable HMO coverage
Bonuses: Incentives for sales, productivity, and performance
Skill Development: Sponsored professional trainings
Flexible Banking Roles: From branch services to tech & innovation departments
FAQs on FCMB Salary Structure in Nigeria (2025)
How much is FCMB graduate trainee salary in Nigeria?
Graduate trainees earn between ₦50,000 and ₦65,000 monthly during their training period, which lasts about 3 to 6 months.
What is FCMB entry-level staff salary in 2025?
Banking Officers earn between ₦95,000 and ₦145,000 monthly, excluding bonuses.
Do FCMB staff get bonuses?
Yes. Staff enjoy 13th-month bonuses, sales incentives, and annual performance rewards.
How long does it take to get promoted at FCMB?
Typically 2–3 years for early promotions, depending on performance, KPIs, and learning achievements.
Does FCMB offer health insurance?
Yes. All staff are enrolled in a private HMO plan that covers them and selected dependents.
Can non-banking graduates work at FCMB?
Yes. Graduates in accounting, business, engineering, computer science, and social sciences are all considered for different units.
Final Thoughts: Is FCMB Salary Worth It in 2025?
The FCMB salary per month in Nigeria (2025) is competitive and rewarding across all career levels. While it may not top the chart in base pay, the allowances, career growth path, and supportive work environment make it a strong choice for banking professionals.
If you're looking for a stable, progressive, and people-focused bank to grow your career in Nigeria, FCMB is worth considering.
So if you’re asking “Is FCMB a good place to work in 2025?” — the answer is a confident yes.