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Best Paying Professional Career In Nigeria?

Hello,

I wonder which professional career is the most rewarding in Nigeria. Is it medicine, petroleum engineering, telecommunications, or something else?

I'd like to say "entrepreneurship" but it's not a professional career. I think medicine is over-rated in terms of what doctors actually earn and telecommunications only pays the few that work in banks. As for petroleum engineering, it's probably lucrative because of the oil industry, but may not even be the most lucrative oil job since oil companies also employ geologists, engineers in all fields, and even doctors and drivers.

So, which professional career would you say is the most lucrative in Nigeria? How much can one earn with it?

Thanks!

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67 answers

Many Nigerians would agree that oil companies offer some of the best and well-paid employment options in the country. They are followed by banks and large international companies, where people get paid in US dollars. Below you can find a link to the post on passing aptitude test for Nigerian banks including Access bank and others. These tips would help you land a great job in Nigeria and boost your financial wellbeing.

READ ALSO: How to pass aptitude test for Nigerian banks

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Seems like politicians top the list of those who make the most money in NIgeria in regards to their wages and privilleges. Of course, celebrities follow close by and then go pastor, who even make more than the celebrities do.

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Besides the government and many offices where people get unbelievably high fees for Nigeria, the best paying jobs are found in private sector. This means various businesses and corporations. An average income for such professionals would be around 40 thousand dollars. However, some achievers make over 300 000 dollars. The top paying profession is Company vice president. It is followed by CEOs and equipment engineers, as well as by logistic and operational managers, whose income ranges between $100 and 180 thousand dollars per year.

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No one is mentioning the Construction industry and the Property Markets.

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Agriculture is the best paying job. Infact it's a money making machine

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Agriculture is the best paying job.

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To be serious, APPLIED MATHEMATICS is among the most paying jobs in Nigeria. Becos employment survey show that there is no organization an applied mathematician can not work including oil company, engineering, information and telecommunication banks etc. It depends on how you package your self.

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It seems to me the media industry offers the best paying professional career in Nigeria as of now.

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What of Politicians in Nigeria?Especially our Ministers and Federal Law Makers.These guys earn up to N24m/annum including all manner of allowances.

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@ seun n nairalanders. Dont know if dis is the best thread 4 dis but i wanna ask- is there such a career as entrepreneurship? Is it sth 1 can train 4, build upon n call oneself(i'm an entrepreneur), or is it sth one can do besides or after a major career? Can we cite examples of ppl who have done so? Tks.

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I think d oil n gas sector pays d best. Dey really do graduates well.

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Medicine is indeed overrated.A house officer aka entry level doc earns about 2mill per annum.

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^ looks like a typo

'<' should be ' > '

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Offtopic: Can anyone tell me why almost everyone is doing masters in oil and gas

Every single person i know, from the ones that finished their degree in UK to d ones who finished in nigeria - oil and gas. Just 2 months ago, my friend who was working in nigeria with 4 yrs exprience , left his job to start masters oil & gas in scotland.

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Before Sanusi:

oil<banking<telecom<IT

Now:

Oil<telecom<banking<IT

Banking has had so many salary cuts in the last year.

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oil industry is so overrated.

it should be

bankin > oil > telecom >it

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Hello just new to the house. I think that you should try the eateries they make at least N2m per day excluding the seasonal periods.

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i think its d oil industry-> telecom->i t>bankin.

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If you want to work in a telecom company. You can get this Ericsson Advance GSM System book cheap. send a mail to ebsymi@yahoo.com for the table of contents. You will leaRN EVERYTHING sample cannot be attache because its large

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YES THE OIL COMPANIES IN NIGERIAN PAY THAT MUCH & SO MUCH MORE,

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But how true is this? My colleague whom we had our masters together in the UK was inerviewed in the UK by Exxon-Mobil and though she went to Nigeia last September, however she just told me yesterday that she's been offered the job and would be paid 10Million Naira per annum.

How true is this information? More so, when she was having the interview in the UK, she said she'll be paid 12Million Naira per annum (according to her) but she's now said 10Million Naira. Do they really pay that much in Nigeria (I mean the oil companies?)

She's only 26 by the way. And she's not working as an engineer but as an accountant.

Anyone with an insight?

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Oil&Gas and Aviation.

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Doctos in nigeria are so so poorly paid that many are leaving the profession in droves, at least the poster will know where not to venture into if he/she wants to make money in nigeria:medicine.

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The oil and gas industry definitely offers the best pay for professionals. Those figures given by Obilizy are very accurate and even beyond that, with few years of experience, you can earn over N1m monthly plus all manner of freebies. Oil and gas companies (especially E&P) usually give a lot of bonuses. I know a staff of an E&P company who got over N20m annual bonus in 2007. Whats better is that there is so much room for career growth and the demand for professionals in the industry is very high hence, companies are ready to pay u a fortune when u are really good. Just imagine hw much a manager in such a company would be getting.

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i work with an oil drilling company as a mechanic whereas i read mechanical engineering . my take home pay for two weeks is 5081k(five hundred and eighty one thousand after tax) and yearly lump sum of 1.8 million, that excludes pay off if i decided to go electricians as same with me, drillers take home 800,000.00 every 2weeks, rig managers take home 1.2 million for 28 days, helpers (roustabouts) take home 180k every 2weeks, welders take home 320k every 2wks, mudman takes home 280k every 2wks,derickman takes home550k every 2weeks, rig floormen takes home 420 every 2wks.the least person on the rig takes home not less than 180k every 2wks. the drilling industry is the highest paying sector all over the world.although is risky and u find urself staying in the middle of the sea, swamp.or thick forest and out of contact with friends and folks untill ur time off.u are allowed to go home and spend 2wks. the job is hard but the pay makes sense.

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I for one 'll go 4 politics, IT IS VERY LUCRATIVE b'cos THE ROI is VERY HIGH. peace

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doctors dont earn much in naija unfortunately.

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Doctors don't make much? that show how backward nigeria is.

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pilots i think are the highest earners in nigeria, the doctors dont earn that much, they are respected cos of what their profession entails.

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Hello forum members,

I think it is entrepreneurship & Infomation Technology

thanks, Nkiruka

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Guys, what about Pilots- 750k per month for an F/O(Co-pilot),1.2m for a Capt,and they fly just 3 times max a week, isnt that cool enough, forget about the risk,, risk is risk,

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Am stil in sch.i av workd in a bank before n i no dats a wrong place to start your career but its a gud place to end.Graduates r advisd to start in pwc,kpmg,dafione,philip consultin n the likes.its the best way to be vast n be competent enough to work ANYWHERE with a fat pay.trust me,i no what i am saying.@lucifar fan,what tha**** do u think u r doin?

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The Best Paying Profession is to be a "Hostage Negotiator" in the Niger Delta. Anyway, Jokes Apart. Consultancy in the Oil and Gas Sector is the Fattest Paying.

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i think that it has to be petroleum and maybe telecommunication

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When I started working, I was earning N12,000 monthly for 2 years. (That was in 2003). It was small, I know, for a graduate, but because my Dad taught me a few things about handling money, I didn't mind. I lived within and below my means, doing so much of savings and investment than spending. At the end of those 2 years, my net worth (as at 2005) was N923,015.23 exactly. I was not playing good offense, but I played good defense and see where it got me. Now, with my mentality, and my frugal nature, I can confidently forecast that by the time I am 40 years old, I will be wealthy in 100 million Naira percentile range, and by the time I am 65, will retire without worrying about being a bore on anybody. And certainly, the generation after me will follow in these steps because I will inculcate the culture of frugality in them.

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I am beginning to see that it doesn't matter anymore how good your job pays. It takes discipline and patience to be counted among those who are wealthy. So, if you want, play good offense without playing good defense, you will remain poorer than a street rat.

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I am in the oil industry and my take home is between 350k & 430k. Please nobody should tell my boss because the information is very confidential

Why are u telling us u wan make we die u must have paid ur dues for u to be there.U didnt just start with that amonut as a beginner am sure of that.

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If politics is a professional career, then it is the most highly paid one in Nigeria. But on a serious note, the guys in the computer world are raking in millions, closely followed by those in the legal profession.

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i'm a fresh garduate and i'm into consulting. i believe it is where the money. this happen only if u can understands needs/distances(socially,economically, physicaly and otherwise) bridge gaps and u will smile to the banks at your own pace. Imagine i got a contract to consult 4 a com. bank that needs the status of a microfinance instn of at least 100m capital base. if the deal sales through, 10 percent plus initial consulting fee of 200k of that is mine plus offer on the board and i only work at my pace.

brethren, as per the most lucrative profesion. realy i don't subscribe to any. i believe dt no profession can be more lucrative than the professional. it is what u put in that determines what u get. there poverty stricken well qualified doctors and there are pplpe that resigned from oil companies after discovering their talents nand there are also peasants that own and live in mansions. it is all a question of self. ur creativity/ingenuity. doing the ordinary thing the extra ordinary. if u want us to talk; call me on 080 30613239 OR 027502101. thank you.

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@Admin,

Lucrative and profitable, it is. Illegal or unethical, is a different issue and that's if you're caught and prosecuted.

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Consultants do anything. Its called brain work. There is audit and tax unit. You need not know anything about accounting for those. You learn on the job, also you must compulsorily enroll for ican if you are in audit or tax. The company pays for your lectures and exams, then there is business advisory unit. Those one write business plan and do strategy e.g. if Seun contacts us now that he wants to take nairaland to the next level. We write a buz plan for him bench marking with other successful forums. Search on the net and make suggestions, make it detailed and commonsensical and charge him millions for it. Its really fun, you get to learn a lot, its just that sometimes the deadlines are choking. Another catch is that if the client really likes your work they can offer you something better and you cross over to work for them.

The entry level is 1.4 - 1.9 Million depending on the standing of the company.

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Wow, tell us more. What work exactly do consultants do? And about how much do they earn?

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Consulting is where the money is now. Try Kpmg, Pwc, Accenture as a fresh graduate with 2.1 in any discipline. Earn bad mehn working with your brains

Cheers

Catch: long hours of work

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I bear no ill-will towards the oil companies:

- If they were not mining our oil, imported items like computers, VSATs, and rice would be more expensive.

- We would also have to import petrol and kerosine, which would make them much more expensive.

- And we would have to pay more tax, since the government won't have oil revenues to rely on.

The problem the Niger Delta people are failing is a lack of a fair judicial system to enable Niger Delta farmers and fishermen to obtain fair compensation for the negative effects of this beneficial mining activity. That's all.

Without the existence of a fair judicial system, the oil companies cannot pay huge sums of compensation money to local farmers and fishermen. If oil company A keeps paying out huge sums of money to Niger Deltans and oil company B does not, then oil company A would eventually be driven out of business. A fair arbitrator is needed.

So if you work for an oil company, you have every right to be happy with yourself. You're an asset to Nigeria.

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Who told you that tithes are for the Pastor's upkeep?

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Yeah,I agree with you on what you just said.The oil firms are really making the Niger Delta ecologically uninhabitable.These guys make millions of dollars from the Nigerian oil reserve.They have got to make ways for compensations.They need to ensure they deal fairly with the host communities and country at large.

We also have got to play our part.We should hope for the best anyway.

Your points were noted.

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