When you hear of Custodian Investment Plc, you’re thinking of a big financial company.
They’re not just in the insurance sector, but also in pensions, trusteeship, and real estate.
As expected, job seekers want to know how much Custodian pays its workers.
Working in a financial services company like this can be very rewarding.
Apart from salary, they offer strong incentives, bonuses, and long-term benefits.
But before you rush to apply, it’s good to understand how their salary structure works.
This article will give you full gist from entry-level pay to senior executive salaries.
We’ll also show you the bonuses, allowances, growth potential, and other juicy details.
Let’s dive into what it truly feels like to earn a living under Custodian Investment Plc.
Company Overview: Who Owns Custodian Investment Plc?
Custodian Investment Plc is a Nigerian company listed on the Nigerian Exchange Group.
It serves as the parent company of several subsidiaries like Custodian Life Assurance,
Custodian Trustees, CrusaderSterling Pensions, and Custodian and Allied Insurance.
Their business spans across risk management, insurance, pensions, and investments.
They employ hundreds of professionals across Nigeria in different departments.
And just like other top financial firms, they don’t play with performance and professionalism.
So, working here is not for everybody, they go for the best and reward accordingly.
Those who can meet their targets and bring real value are paid very well.
But how much exactly? Let’s get into the figures.
Salary Structure at Custodian Investment Plc
Staff salaries at Custodian Investment Plc are divided by roles, levels, and departments.
A new staff in the finance unit may not earn the same as someone in underwriting or sales.
Also, performance-based units like marketing or business development earn extra bonuses.
Entry-level officers at Custodian earn between ₦120,000 to ₦180,000 monthly.
Those in sales may have basic pay of ₦90,000 but can earn ₦250,000+ from commissions.
Analysts, accountants, or compliance officers earn higher because of their specialization.
Mid-level professionals earn between ₦200,000 to ₦400,000 depending on experience.
These include team leads, senior marketers, finance officers, and claims managers.
With at least 5 years’ experience, you can enjoy promotions and better pay packages.
Top-level executives and department heads earn ₦500,000 to ₦1.5 million monthly.
Managing Directors and Board Members earn much more, though figures are not public.
Also, expatriates in high-level roles may earn in dollars with full company perks.
Monthly Salary Breakdown by Role
Let’s break it down with real figures based on reports from insiders and job platforms:
| Job Role | Monthly Salary (₦) |
|---|---|
| Entry-Level Officer | ₦120,000 – ₦180,000 |
| Sales/Marketing Executive | ₦90,000 + commissions |
| Finance/Accounting Officer | ₦180,000 – ₦250,000 |
| Claims/Underwriting Officer | ₦150,000 – ₦220,000 |
| Customer Service Rep | ₦100,000 – ₦160,000 |
| HR/Admin Executive | ₦150,000 – ₦200,000 |
| Senior Marketing Officer | ₦200,000 – ₦350,000 |
| IT/Tech Support Analyst | ₦180,000 – ₦300,000 |
| Branch/Unit Manager | ₦400,000 – ₦800,000 |
| General Manager/Director | ₦1.2 million and above |
The company uses a performance-based salary structure in some departments.
So, your effort can actually double your basic salary within a few months.
Staff who hit their targets enjoy serious incentives and rapid promotions.
Editors pick
Bonuses and Staff Benefits
One of the reasons people like working with Custodian is the benefits and incentives.
It’s not just about your monthly salary, the bonuses and support system are solid.
Here are the most common extras that staff enjoy:
- Performance Bonuses are paid quarterly to marketing and operations staff.
- Health Insurance (HMO) is provided for staff and sometimes their dependents.
- 13th-Month Salary is paid every December as a Christmas bonus.
- Leave Allowance is paid annually, especially for confirmed staff.
- Official Laptops and Data are given to IT, finance, and marketing teams.
- Vehicle Loans or Official Cars are given to certain senior officers.
- Pension Scheme Contributions are paid in full by the company as required.
- In-house Staff Training and external workshops are frequently provided.
- Promotion Review happens regularly based on performance and KPIs.
- Some staff also enjoy housing allowance or are assisted in relocating.
This happens more for those moving between branches or to management roles.
So even if your take-home salary is average, the total package makes it worth it.
How the Commission Structure Works (Especially for Sales Roles)
If you’re in sales or business development at Custodian, your commission matters a lot.
Though basic pay may be small, you can make much more from closing big deals.
Here’s how their commission system generally works:
A percentage of each insurance policy you close is added to your salary.
Commissions grow based on volume and policy type (life, vehicle, property).
Some agents earn over ₦300,000 monthly just from commissions alone.
This model is very good for those who are go-getters and know how to market.
If you’re not lazy and can deliver monthly, you can climb the salary ladder fast.
Many senior staff today started from commission-based jobs in this same company.
Recruitment Process and How to Get Hired
To work at Custodian Investment Plc, you must pass their strict recruitment process.
The company is always looking for top graduates, problem-solvers, and goal-getters.
Here’s how their hiring process usually goes:
- Submit your CV online through their website or via verified job platforms.
- Written Tests may follow, mostly aptitude, financial reasoning, and logic.
- Panel Interview is next, with HR and the department you’re applying to.
- Background Checks will be carried out, including academic and guarantors.
- Onboarding & Training are done for all successful candidates, usually in Lagos.
- Some roles require field tests or sales targets before confirmation.
If you know someone working inside, that can also help your application faster.
But merit is still the major key they don’t joke with quality and results.
Make sure your CV is well-written and highlights your skills and numbers.
What Makes Custodian Stand Out from Competitors
Compared to other investment or insurance companies in Nigeria, Custodian is stable.
They’ve been around for decades and are still expanding into more states and sectors.
Here’s what makes them unique among similar firms:
- Staff Retention is high — many have been working there for 5–10 years.
- Punctual Salary Payment — they don’t delay salaries or allowances.
- Growth Opportunities — junior staff are often promoted from within.
- Training Culture — continuous learning is encouraged and even sponsored.
- Diverse Roles — you can work in finance, marketing, IT, HR, or investments.
- Corporate Culture — they reward smart work, professionalism, and discipline.
In summary, the salary may not be the highest in the sector, but the growth is steady.
You earn more as you deliver more, and your job is secure if you meet expectations.
This makes it a long-term place to grow a stable and fulfilling career.
Frequently Asked Questions (FAQs)
How much is the entry-level salary at Custodian Investment Plc?
Entry-level staff earn between ₦120,000 to ₦180,000 depending on the department.
Sales staff may earn less as basic, but commissions push their earnings higher.
Other roles like accounting or finance have slightly higher base salaries.
Does Custodian pay bonuses?
Yes, they pay performance bonuses, especially to marketing and operations staff.
They also pay a 13th-month salary and leave allowance every year.
Bonuses depend heavily on hitting KPIs and team targets.
Is working at Custodian good for fresh graduates?
Yes, it’s a good place for young professionals looking to grow in finance or insurance.
You’ll gain industry-level training, exposure, and regular appraisals.
However, it’s competitive, so you must be ready to perform.
How long does it take to get promoted at Custodian?
Promotion depends on department, performance, and available openings.
On average, staff who deliver results move up within 2–3 years.
The company values loyalty and consistently rewards hard workers.
What are the working hours at Custodian?
Typical work hours are 8 AM to 5 PM on weekdays.
Sales and marketing staff may work longer, especially when targets are near.
Weekends are usually free unless there’s a client engagement or report deadline.
Conclusion
Working at Custodian Investment Plc offers more than just a regular 9–5 salary.
It’s a place where hard work is rewarded, skills are developed, and careers grow.
From entry-level to top management, there’s a clear path and decent remuneration.
The company pays competitive salaries across departments with room for incentives.
Performance bonuses, leave allowances, medical benefits, and training opportunities
make up a total package that’s attractive and long-lasting.
If you’re planning to apply for a role at Custodian Investment Plc, now you know better.
This post has shown you how much they pay, what benefits to expect, and how to qualify.
All that’s left is to prepare well and position yourself as the best candidate.