Salary Structure at the Asset Management Corporation of Nigeria (AMCON)
The Asset Management Corporation of Nigeria (AMCON) is a government-owned asset management company established in 2010 to acquire non-performing loans (NPLs) from banks in Nigeria.
The goal of AMCON is to improve the financial health of the Nigerian banking system and boost the country’s economy.
The entry-level salary at AMCON varies depending on the position and the candidate’s experience. However, the average entry-level salary at AMCON is around NGN 500,000 per annum.
Here is a list of entry-level salaries at AMCON for different positions
Graduate Trainee: NGN 400,000 – NGN 500,000
Management Associate: NGN 500,000 – NGN 600,000
Analyst: NGN 600,000 – NGN 700,000
Mid-level salary at AMCON
The mid-level salary at AMCON ranges from NGN 1 million to NGN 2 million per annum. Mid-level positions at AMCON include
Senior Analyst: NGN 1 million – NGN 1.5 million
Associate: NGN 1.5 million – NGN 2 million
Manager: NGN 2 million – NGN 2.5 million
Senior-level salary at AMCON
The senior-level salary at AMCON ranges from NGN 2.5 million to NGN 5 million per annum. Senior-level positions at AMCON include;
Senior Manager: NGN 2.5 million – NGN 3.5 million
Director: NGN 3.5 million – NGN 5 million
Executive Director: NGN 5 million and above
Salary structure of Asset Management Corporation of Nigeria (AMCON)
FAQs
What is the average salary range for entry-level employees at AMCON?
Entry-level employees at AMCON typically earn between ₦150,000 to ₦300,000 per month, depending on their role, qualifications, and level of responsibility. The salary may also include additional benefits like allowances and bonuses.
How does AMCON determine salary increments for its employees?
Salary increments at AMCON are generally determined by factors such as employee performance, length of service, and the company’s financial health. Performance appraisals and annual reviews play a crucial role in deciding salary adjustments.
What are the benefits included in AMCON’s compensation package?
AMCON offers a competitive benefits package that includes health insurance, pension contributions, housing allowances, and transportation benefits. Employees may also receive performance-based bonuses and allowances based on their job roles.
Are there opportunities for salary progression at AMCON?
Yes, AMCON provides ample opportunities for salary progression through promotions, performance-based incentives, and skill development. Employees who demonstrate exceptional performance or take on greater responsibilities can expect significant salary growth over time.
Also Read: Salary Structure at the Social Security Administration of Nigeria (SSA)
