Parallex Bank Graduate Trainee Salary in 2025 and All You Need to Know

If you’ve been eyeing a role at Parallex Bank Limited and wondering “how much does Parallex Bank pay its graduate trainees?”; this article breaks it all down for you in simple terms.

In this guide, I will cover every question that you have in mind about salary range, benefits, duration, and what to expect after training.

How Much Does Parallex Bank Pay Graduate Trainees?

As of 2025, available reports suggest that Parallex Bank graduate trainees earn between ₦100,000 and ₦150,000 per month for the period of there trying , which then changes post-training.

This figure comes from employee reviews, salary aggregator sites, and job listing platforms that track pay scales for Nigerian banks^[1]

Some sources even describe the pay as “competitive for a new-generation bank”, considering that many entry-level roles in the Nigerian banking industry fall between ₦80,000 and ₦160,000 monthly. ^[2]

While the official Parallex Bank website doesn’t list a fixed figure, its recruitment announcements confirm that trainees receive a monthly salary throughout the training programme. ^[3]

Salary Breakdown (What You Should Expect)

Here’s a rough breakdown based on public data and candidate experiences:

Keep in mind that this range may vary depending on where you’re posted (for example, Lagos vs Ibadan), your department, and your performance during the training phase.

Duration of the Graduate Trainee Programme

Parallex Bank’s Graduate Trainee Programme usually runs between 3 to 6 months, during which trainees receive classroom and on-the-job training in core banking areas like:
 

• Customer service and operations
• Digital banking and fintech tools
• Marketing and sales
• Financial management

After successful completion, trainees who meet performance standards are confirmed as full-time staff with an increased salary and added benefits. ^[4]

Benefits of Working as a Graduate Trainee at Parallex Bank

Even though the ₦100k–₦150k salary might seem modest, it comes with several non-cash benefits that make it worth it:

• Structured learning — you gain real banking exposure from day one.
• Career growth — top performers are often retained as full employees.
• Networking — you connect with industry professionals and senior bankers.
• Job stability — unlike contract jobs, the trainee role leads to full-time opportunities.
• Timely payment — employees consistently report prompt salary payments. ^[5]

What Happens After the Training?

After completing the trainee programme, successful participants are usually absorbed into the bank’s main workforce.

At this point, your salary can rise to around ₦200,000 – ₦280,000 per month, depending on your assigned role and department. ^[6]

This stage also comes with better allowances and additional perks such as medical insurance, leave bonuses, and sometimes performance bonuses.

In summary:

• Average Salary: ₦100,000 – ₦150,000/month
• Duration: 3–6 months
• Post-training pay: ₦200,000+
• Benefits: Training, exposure, job security, growth
• Ideal for: Fresh graduates, NYSC alumni, and career changers