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entry level salaries for big banks in 2012
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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kizee1 wrote:QW25081985 wrote:am also intrested in those figures . i would like to know how much securities traders like those trading forex, bonds get paid ...i hear its a good sum ( Source : Co-op) well it depends...salo+bonus? some guys make more than many CEOs.....one guy made 30mio in bonuses alone...bonus range varies but the norm is like 1mio....salos per se arent extra ordinary...guy with 1 yr experience can command about 250k odd depending on skill set...no entry level per se because most dealers dont quite start employment as dealers, most find their way into treasury...dunno if that helps @kizee1...I agree with you salaries arent crazy figures for fixed income dealers...but it also depends on the bank am sure stanchart and barclays are paying very well 250k upwards,problem with this specialised jobs is breaking through its usually a case of musical chairs one day a guy is at equity bamk the next at co-op trust etc plus its high pressured...bonuses are good and there is so much room for cutting deals you will be laughing all the way to the bank literally... possunt quia posse videntur
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Rank: New-farer Joined: 9/2/2013 Posts: 22
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Can someone please tell me entry level salaries for a bank teller at equity, coop, barclays and kcb? For 2013...it is time I knew what to expect...kama ni below 50k heri biashara zangu...lol
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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The Associate wrote:Can someone please tell me entry level salaries for a bank teller at equity, coop, barclays and kcb? For 2013...it is time I knew what to expect...kama ni below 50k heri biashara zangu...lol I have never worked in a bank but it is below 50K p.m for tellers....Do you expect people to pay more than 50K for an entry level teller? If Obiero did it, Who Am I?
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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What about Africa Development Bank?
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Rank: New-farer Joined: 4/1/2013 Posts: 20
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@ associate, let me answer you.
Graduate trainees or clerks as they are known in some of these banks form the bulk of the unionisable staff in the industry. Their union BIFU has been pushing very aggresively to get better terms every year. The latest CBA (collective bargaining agreement) was signed last month and it left gross salary at a minimum of around Kes.58,000.
Now the good news is that some banks actually pay higher that this minimum wage.
The bad news is that a good number of the top banks have discovered a loophole that ensures you are not unionisable. Some banks e.g. Equity bank, will simply not allow you to join a union. Some banks will hire you as a management trainee at a lower salary, while others will engage you on contract terms.
Back to your question, below is my list of best employers in the industry for an entry job.
1. National bank
2. Co-op Bank
3. KCB
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Rank: New-farer Joined: 4/1/2013 Posts: 20
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Banker wrote:@ associate, let me answer you.
Graduate trainees or clerks as they are known in some of these banks form the bulk of the unionisable staff in the industry. Their union BIFU has been pushing very aggresively to get better terms every year. The latest CBA (collective bargaining agreement) was signed last month and it left gross salary at a minimum of around Kes.58,000.
Now the good news is that some banks actually pay higher that this minimum wage.
The bad news is that a good number of the top banks have discovered a loophole that ensures you are not unionisable. Some banks e.g. Equity bank, will simply not allow you to join a union. Some banks will hire you as a management trainee at a lower salary, while others will engage you on contract terms.
Back to your question, below is my list of best employers in the industry for an entry job.
1. National bank
2. Co-op Bank
3. KCB
Kindly allow me to add something. Majority of the tellers at Equity are not graduates and in all fairness, the salary of Kes.35K they get is more that generous. Actually, most of them are fiercely loyal since they do not have any delusion of getting a better deal elsewhere.
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Rank: Elder Joined: 6/8/2013 Posts: 2,517
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PWC does salary surveys not very sure whether whether netry jobs are covered anybody with a link? This is the kind of data FKE and KNBS should be publishing on their sites lakini wapi Manpowere services etc Here are some rinks hope they shed light: http://www.mywage.org/kenyahttp://www.payscale.com/research/KE/Country=Kenya/Salary"😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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At the bank where I work (NIC ug) the entry level pay is as below: 1. Bank Tellers & operations (25k - 35k) 2. Credit analysts (85k - 100k) 3. Trainee dealers (150k - 175k) 4. Relationship managers (150k) 5. Department head (250k - 300k) 6. Executive Director (1M - 2M) They pay above average currently due to aggressive poaching and skilled labour scarcity in Uganda! Mark 12:29
Deuteronomy 4:16
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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guru267 wrote:At the bank where I work (NIC ug) the entry level pay is as below:
1. Bank Tellers & operations (25k - 35k)
2. Credit analysts (85k - 100k)
3. Trainee dealers (150k - 175k)
4. Relationship managers (150k)
5. Department head (250k - 300k)
6. Executive Director (1M - 2M)
They pay above average currently due to aggressive poaching and skilled labour scarcity in Uganda!
Is this a consolidated pay including allowances? If Obiero did it, Who Am I?
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Rank: Elder Joined: 6/17/2008 Posts: 23,365 Location: Nairobi
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Entry level at CBA for tellers is about 70K....one of the best!! ..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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Rank: Member Joined: 7/4/2010 Posts: 118
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Newly graduated lawyers doing pupillage earn 40k from the 2 highest paying firms, 20 from another and 15k from another 2 or so. The others range from getting nothing to 20k. The law society has no requirements for this unfortunately, and lawyers have no union.
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Rank: Elder Joined: 6/23/2009 Posts: 13,759 Location: nairobi
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guru267 wrote:At the bank where I work (NIC ug) the entry level pay is as below:
1. Bank Tellers & operations (25k - 35k)
2. Credit analysts (85k - 100k)
3. Trainee dealers (150k - 175k)
4. Relationship managers (150k)
5. Department head (250k - 300k)
6. Executive Director (1M - 2M)
They pay above average currently due to aggressive poaching and skilled labour scarcity in Uganda!
@guru ogambachi nyabo. jebale ko?
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 6/23/2009 Posts: 13,759 Location: nairobi
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washiku wrote:What about Africa Development Bank? Kuingia huko lazima ukuwe tayari kushusha 'bendera'.. It has issues
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
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obiero wrote:washiku wrote:What about Africa Development Bank? Kuingia huko lazima ukuwe tayari kushusha 'bendera'.. It has issues and for plugs? ama they have gays to deal with that?     punda amecheka
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Rank: Member Joined: 8/7/2010 Posts: 728 Location: Wazuaville
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guru267 wrote:At the bank where I work (NIC ug) the entry level pay is as below:
1. Bank Tellers & operations (25k - 35k)
2. Credit analysts (85k - 100k)
3. Trainee dealers (150k - 175k)
4. Relationship managers (150k)
5. Department head (250k - 300k)
6. Executive Director (1M - 2M)
They pay above average currently due to aggressive poaching and skilled labour scarcity in Uganda!
Bannange! tellers are chewing matoke "Money never sleeps"
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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newfarer wrote:obiero wrote:washiku wrote:What about Africa Development Bank? Kuingia huko lazima ukuwe tayari kushusha 'bendera'.. It has issues and for plugs? ama they have gays to deal with that? Kutuma salamu  Thieves
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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obiero wrote:guru267 wrote:At the bank where I work (NIC ug) the entry level pay is as below:
1. Bank Tellers & operations (25k - 35k)
2. Credit analysts (85k - 100k)
3. Trainee dealers (150k - 175k)
4. Relationship managers (150k)
5. Department head (250k - 300k)
6. Executive Director (1M - 2M)
They pay above average currently due to aggressive poaching and skilled labour scarcity in Uganda!
@guru ogambachi nyabo. jebale ko? Nawe Jebale Ssebo... Ndi wano waka!  Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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guru267 wrote:At the bank where I work (NIC ug) the entry level pay is as below:
1. Bank Tellers & operations (25k - 35k)
2. Credit analysts (85k - 100k)
3. Trainee dealers (150k - 175k)
4. Relationship managers (150k)
5. Department head (250k - 300k)
6. Executive Director (1M - 2M)
They pay above average currently due to aggressive poaching and skilled labour scarcity in Uganda!
The 93 Accounts? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: New-farer Joined: 10/29/2013 Posts: 13
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harrydre wrote:chiaroscuro wrote:kagazia wrote:fellow wazuans is there anybody with the figures of the stanchart s,Barclay's coop s entry level salaries in kenya please share? For which category of staff? management? Clerical? Unskilled? I know a guy who entered Equity Bank at 800k per month.... then he resigned 6 months later due to poor working conditions. he lied to you and you swallowed. He was probably making 80k I think he talking about former Equity CFO Maji yakizidi unga toroka
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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obiero wrote:guru267 wrote:At the bank where I work (NIC ug) the entry level pay is as below:
1. Bank Tellers & operations (25k - 35k)
2. Credit analysts (85k - 100k)
3. Trainee dealers (150k - 175k)
4. Relationship managers (150k)
5. Department head (250k - 300k)
6. Executive Director (1M - 2M)
They pay above average currently due to aggressive poaching and skilled labour scarcity in Uganda!
@guru ogambachi nyabo. jebale ko? What are the current rates? Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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