What is the Average Salary for Fresh Graduate in Nigeria
What is the Average Salary for Fresh Graduate in Nigeria
According to Stutern, an online platform based in Lagos, the statistics gotten between the years 2010 to 2016 revealed that over fifty percent of Nigerians earn fifty thousand naira or less per month at the moment.
It also revealed that one in four new graduates makes less than twenty thousand as their starting salary per month.
The report further revealed that more than eighty percent of employed graduates do not earn more than one hundred and fifty thousand naira monthly.
It discovered that most graduates earn between the lean sum of twenty thousand to fifty thousand naira as both starting and current salaries. Finally, only roughly 1.9percent earn more than one hundred and fifty thousand naira monthly.
The fact remains that having an idea of the average salary range for entry-level positions across the diverse job fields will place fresh graduates in a better position.
The truth is that fresh graduates with no distinctly clear path or preferences primarily seek ideas that can enable them to figure out:
- Where they want to work
- What they want to do, and;
- What job field is ideal for them to begin a career
The entry-level job will allow fresh graduates to enter the workforce with little to no experience. This position is usually sought after by fresh graduates newly out of the university.
Average Salary Of Fresh Graduate Jobs
Some of the average salaries for fresh graduate jobs in different fields include:
- Banking salary
This is a job field that entails all job roles carried out in the banking system, and it has to do with financial activities. It tends to range from financial officers to teller officers and even analysts.
Note that banking entails monetary services like currency exchange, payment management, and wealth management. Most fresh graduate job seekers will prefer to seek entry-level positions in the banking sector to build their careers.
The cashier at the bank earns roughly forty-three thousand, while the bank teller earns up to eighty thousand naira. More so, the loan officer makes seventy-one thousand, and the financial analyst will go home with one hundred and twenty-seven thousand.
- Accounting Salary
It is worthy to note that accounting has more to do with job roles that entail the in-depth and systematic recording of monetary transactions that pertains to a business.
As a job field, accounting covers other account-related job roles. Some of the average salaries for fresh graduates include an accountant earning seventy-nine thousand, and an auditor makes two hundred and eighteen thousand. In contrast, the tax consultants earn one hundred and seventy-two thousand naira.
- Telecommunication/Information Technology salary
This is one of the trending job fields in Nigeria, and it is worthy to note that information technology is the umbrella name for ICT-related jobs. The average salary for fresh graduates here includes the programmer earning seventy-one thousand naira.
Furthermore, an IT support officer will earn sixty-five thousand while the fresh graduate software engineer can earn up to eighty-eight thousand naira. As for the network engineer, he or she can earn up to one hundred and seventy-three thousand.
- Medicine/Health salary
This is a job field that most people in Nigeria love to build a career based on the respect accrued to both medical and health practitioners in the country. As a fresh graduate position, the doctor can earn up to one hundred and ninety-five thousand.
Other entry-level positions will have the nurses earning ninety-two thousand, the pharmacist making ninety-four thousand, the optometrist earning fifty-five thousand. In contrast, the dentist earns fifty thousand naira.
As for the entry-level medical laboratory scientist, he or she can earn up to eighty-nine thousand naira.
- Engineering/Technical salary
One thing to note is that engineering makes ongoing use of scientific knowledge in solving world issues. The majority of engineers discover how things function and find practical utilization for scientific inventions to make human living conditions more convenient.
Note that there are lots of job roles when it comes down to engineers. As a fresh graduate, the civil engineer can earn up to seventy-seven thousand, and the computer engineer can earn up to seventy-six thousand. In contrast, the electrical engineer makes up to seventy-three thousand.
Nevertheless, the mechanical engineer can earn up to two hundred and sixty-six thousand naira.
Read Also: What is Fresh Graduate Accountant Salary in Dubai?
- Customer service representative salary
If you never knew, customer service practically deals with the relationship between the company and its customers. The customer service representatives answers questions asked by clients and resolve problems peculiar to the company.
The average salary for fresh graduates is between sixty thousand naira to one hundred and twenty thousand naira.
- Human resources personnel salary
This is an aspect of an organization that focuses on ensuring that the staff is the best fit for the company when it comes down to experience and skills.
The human resource personnel ensures that development and training opportunities are made available to staff to boost their performance. Note that the average salary of the human resources officers is about one hundred and two thousand naira.
- Media/Advertising salary
The job roles in media/advertising are consistently trending in the labor market currently. Both media and advertising can be said to be ruling the creative world of today.
There are lots of job roles available in this field. Fresh graduate digital marketers can earn up to one hundred and thirty thousand, while content developers can earn up to fifty-seven thousand naira.
As for the public relations officer can earn up to ninety-nine thousand naira, while the communications officers can earn up to one hundred and forty-nine thousand naira.
- Aviation/Airline salary
The airline/aviation field is among the most lucrative organization in Nigeria. This is because of the delicacy involved in working in the aviation industry. It also means that they earn well enough.
While there are other job roles in this industry, fresh graduate pilots can earn up to five hundred thousand naira while the air hostess can earn up to three hundred thousand naira.
- Law/Legal salary
The job roles in this profession differ by specific roles and duties. However, the diverse roles are still focused on maintaining law and order within a particular company and country.
Nevertheless, the fresh graduate salary for lawyers ranges between forty thousand naira to seventy-six thousand naira. Although this field is prestigious, the entry-level wage is not so impressive.
- Sales/Marketing salary
This is among the most common job field in the Nigerian labor market. While most people are known for running away from this role, this is due to the performance compensation structure attached.
Nevertheless, a fresh graduate marketing executive can earn up to sixty-one thousand; the sales executive can earn up to eighty-four thousand. In contrast, the business development executive can earn up to ninety-three thousand naira.
- Project management salary
For those unaware, project management centers around applying skills, tools, knowledge, and techniques to a vast range of activities. All these are needed to meet up with requirements of a specific project.
The average salary for fresh graduates here revolves around one hundred and eighty-six thousand naira.
- Administrative/Secretariat salary
The administrative and secretarial roles are mostly regarded as supporting roles in most organizations. Supporting here means that their primary function centers around assisting in the daily operations of the business and organization.
Their duties range from information dissemination, making reports, and management functions. The fresh graduate administrative officer can earn up to one hundred and fifteen thousand while the secretary earns up to forty-five thousand.
As for the receptionist, he or she can earn up to thirty-five thousand naira.
On a general note, the salaries stated above are merely the average salaries within the job field. Nevertheless, we must let you know that the salaries as mentioned earlier vary due to the company’s size, expertise, and skill.
We have provided you with some of the businesses you can start as a fresh graduate. As a business-minded person, there are lots of room for you to experience your business ideas, however, it will take a unique person to be a successful entrepreneur.
If you are looking for the ideal business to begin as a fresh graduate, you are reading the ideal article that will help your career.
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