Salary structure of Asset Management Corporation of Nigeria (AMCON)

Asset Management Corporation of Nigeria (AMCON) was established in 2010 to resolve non-performing loans in Nigerian banks.

AMCON has since then helped to stabilize the Nigerian banking sector by taking over bad debts from banks and restructuring them for repayments.

The corporation has a unique salary structure, and in this article, we provide a breakdown of the salaries.

Salary Structure of AMCON

The salary structure of AMCON is competitive, specially structured to attract and retain the best brains in the industry. The salary structure consists of:

• Executive Management

This level includes the Managing Director, Executive Directors, and General Managers. Their salaries range from ₦15m to ₦30m per annum.

• Senior Management:

This level includes Senior Managers and Managers. Their salaries range from ₦8m to ₦15m per annum.

• Junior Management:

This level includes Assistant Managers and Officers. Their salaries range from ₦4m to ₦7m per annum.

• Entry-Level:

This level includes trainees and interns. Their salaries range from ₦2m to ₦4m per annum.

How to be Part of AMCON

AMCON is a reputable institution to work for and attracts the best talents in the country.

To be part of AMCON, you need to possess the following qualifications:

• A degree from a recognized institution.

• Professional certification in your field of expertise.

• A minimum of 5 years’ experience for positions at the senior management level.

• Relevant experience for entry-level positions.

• Good communication and interpersonal skills.

FAQs

What is the objective of AMCON?

The objective of AMCON is to resolve non-performing loans in Nigerian banks.

How much is the salary of a trainee at AMCON?

The salary of a trainee at AMCON ranges from ₦2m to ₦4m per annum.

What qualifications do I need to work at AMCON?

To work at AMCON, you need a degree from a recognized institution, professional certification in your field of expertise, and relevant experience.