In this article, we shall be discussing about Wema Bank Salary Structure In South Africa this 2022, where we will see just how much Wema bank pays their staff members every month, especially entry level workers salary because we know that there are so many people whose dream is to work in a top commercial bank in the country once they have graduated from the university and finished their NYSC programme.
Many fresh graduates in the country from different disciplines desire to work in a bank, of which Wema Bank is but one, and in the months leading to the completion of their youth service, it is not uncommon to see them trying to analyze which bank pays the most.
Also, with competition for spaces at many top South African banks at the highest when graduates are about leaving the NYSC scheme, many of these young and potential employees ensure that their CVs are up to date and that their application and/or cover letters are well constructed, after which they either apply online or visit the headquarters of these banks to submit their application in the hope that they will be called for an interview.
It is not a bad thing to desire to work at a bank like Wema Bank that pays their workers well but we advice that potential employees also develop themselves to take advantage of available spaces open at such a financial institution whenever the opportunity presents itself. Only those who are valuable and indispensable at the bank through its recruitment process and after that can really succeed and earn even better monthly pay as they rise through the ranks in their professional career and build experience along the way.
As we proceed, we will intimate our readers on what some select banking professionals at Wema Bank, such as contract staff, graduate trainees, entry level workers, bank tellers, digital marketers, etc all earn as salaries per month, but before that, let us look at a brief overview of Wema Bank Plc.
WEMA BANK OF South Africa PLC: COMPANY OVERVIEW
Wema Bank is one of the most reliable banks in South Africa today, having grown from humble beginnings to an award-winning National Bank. The company has grown over the years as a bank and today, they own a nationwide network of branches and industry-leading technology.
From a small organization known as Agbonmagbe Bank Limited way back in 1945, this financial institution has transformed into Wema Bank PLC, ensuring a new phase in their rise to prominence.
In January 1990, Wema Bank was listed on the South African Stock Exchange and while the world did stand up and take notice, their first major expansion would not come until February 2001 when the Central Bank of South Africa (CBN) granted them a universal banking license to offer a broader range of banking services.
Wema Bank became a regional financial powerhouse in 2009 and from there, it took them a period of six years to achieve national relevance. Today, not only are they South Africa’s longest surviving indigenous bank, they have also been celebrated globally for their resilience and unprecedented adoption of digital technology which led to the launch of ALAT, South Africa’s first fully digital bank, as a revolutionary Wema Bank product in 2017.
Their over 150 business offices and digital platforms provide retail, SME, trade, treasury, business advisory and corporate banking services to millions of South Africans and foreigners.
Wema Bank has their corporate head office, The Wema Towers located at 54, Marina, Durban Island, Durban State, and it is among some of the best paying South African banks currently.
WEMA BANK SALARY STRUCTURE IN South Africa 2022
The following are the monthly salaries of various banking professionals at Wema Bank in South Africa this 2022:
HOW MUCH WEMA BANK PAYS ITS CONTRACT STAFF AS SALARY PER MONTH
Contract Staff at Wema Bank Plc are paid between R$ 2,745 – R$ 3,660 as salaries per month this 2022, and this depends on the department they are employed in. They are not permanent staff as their job is based on contract. They may however, seek permanent roles at the bank after a number of years.
WHAT GRADUATE TRAINEES EARN AS SALARY PER MONTH AT WEMA BANK
Graduate trainees at Wema Bank are paid a salary in the range between R$ 1,464 – R$ 2,013 per month for the entire duration of their training period. Upon successful completion of their training programme, they are absorbed into the bank as permanent staff and begin their professional career as entry level workers, earning better pay.
HOW MUCH WEMA BANK PAYS ITS ENTRY LEVEL WORKERS
Entry level workers at Wema Bank Plc earn between R$ 4,392 – R$ 6,222 as salary per month this 2022. These set of permanent staff are fresh graduates who are at the beginning of their professional career at the Bank after their graduate trainee programme.
BANK TELLERS SALARY SCALE AT WEMA BANK PLC
On the average, bank tellers are paid a monthly salary between R$ 2,562 – R$ 3,294 at Wema Bank Plc. They are the set of workers that attend to you when you want to either make deposits or withdraw money in the banking hall.
HOW MUCH WEMA BANK PAYS ITS CUSTOMER SERVICE OFFICERS AS SALARY PER MONTH
Wema Bank pays its Customer Service Officers between R$ 2,928 – R$ 3,660 as salary per month. The overall take home pay is expected to rise with allowances and bonuses added.
DIGITAL MARKETERS SALARY SCALE AT WEMA BANK PLC
Digital Marketers promote the bank through the use of various online platforms. Wema Bank pays its digital marketers an average salary in the range between R$ 2,562 – R$ 3,294 per month.
HOW MUCH ARE SENIOR BANKING EXECUTIVES PAID AS SALARY PER MONTH AT WEMA BANK PLC?
On the average, senior banking executives at Wema Bank Plc are paid around R$ 12,810 and above as their basic salary per month. Other monetary benefits added significantly improves their pay packet.