It's the question on every graduate's mind. You've spent years investing in your education, and now, as you step into the job market, you want to know: What am I worth? What is a realistic starting salary in Nigeria today?
The Three Tiers of Graduate Salaries in Nigeria
Tier 1: The High-End (₦200,000 - ₦450,000+ per month)
Who Pays This: Multinational Oil & Gas Companies: Think Shell, Chevron, TotalEnergies. Top-Tier Management Consulting & Finance: Firms like McKinsey, BCG, and top investment banks. Big Tech (FAANG & equivalents): Global tech giants like Google, Microsoft, and high-growth international startups.
What It Takes: Exceptional academic performance (First Class or high 2:1), multiple internships, proven leadership skills, and success in a grueling multi-stage recruitment process. These jobs are the 1% of the 1%.
Tier 2: The Professional Mid-Range (₦120,000 - ₦200,000 per month)
Who Pays This: Major Nigerian Banks: The graduate trainee programs at banks like GTBank, Zenith Bank, and Access Bank. Large National Corporations: Companies like Dangote Group, Nigerian Breweries, and major manufacturing firms. Mid-Tier Tech & Professional Services: Established local tech companies, auditing firms (like PwC, KPMG, EY), and telecommunication companies (MTN, Airtel).
What It Takes: A strong academic record (2:1 and above), relevant skills, and a good performance in standard psychometric tests and interviews.
Tier 3: The Common Starting Point (₦60,000 - ₦120,000 per month)
Who Pays This: Small and Medium-sized Enterprises (SMEs): This is the largest employer in the Nigerian economy. Most Private Schools and Hospitals. Startups (Non-Tech or early-stage). Entry-level government and civil service roles.
What It Takes: This is the standard market rate for a graduate with a solid degree but without specialized, high-demand skills or certifications.
Key Factors That Influence Your Salary
Your Location: The "Lagos Effect" is real. Salaries in Lagos and Abuja are significantly higher than in other cities like Ibadan, Enugu, or Ilorin to compensate for the higher cost of living. Your Industry: A software developer will almost always earn more than a graduate in a less commercial field. High-demand industries like Tech, Finance, and specialized Engineering roles naturally pay more. Your Skills & Certifications: This is your secret weapon. A graduate with a B.Sc. in Accounting is one of many. A graduate with a B.Sc. in Accounting and an ICAN/ACCA certification is a high-value specialist and can command a Tier 2 salary even in a Tier 3 company. The same applies to tech certifications (like Google's) and project management (CAPM).
How to Answer the "What Are Your Salary Expectations?" Question
Give a Researched Range, Not a Single Number: Based on this guide and your own research on sites like Glassdoor, state a range. Example: "Based on my research for similar entry-level roles in the marketing industry here in Lagos, I understand a typical range is between ₦120,000 and ₦150,000. Given my skills in digital marketing, I would expect a salary within that range." Focus on Value First: If possible, politely deflect the question at first to focus on what you bring to the table. Example: "I'm happy to discuss compensation, but my main focus right now is to better understand the responsibilities of the role and how I can add value to your team."
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