A chief executive officer (CEO) is the highest-ranking executive in a company so it is obvious that it is the highest paying position. They make strategies and have many responsibilities towards the company. It would not be wrong to say that it is the CEO that decides the good or bad for any company.
Making corporate decisions, and ensuring effective mobilization of resources is the major responsibility of a CEO. They even look after the overall operation of the firm. The CEO acts as a bridge between the board of directors and the general firm. They often hold the position on the board of directors as well and help in making important decisions.
In most companies, the CEO supervises and directs all the other managers in the firm as in Chief Financial officer, Chief Human Resource Officer, and so on.
However, their responsibilities and role differ from company to company. Depending upon the type of company, the number of staff there, the size of the company, and the objectives of the company, the CEO will have to perform many functions. They assign responsibilities to various departments and look after the proper functioning of all the departments. Since they have many critical responsibilities, it is obvious that the pay is quite good. The pay of the CEO is the highest and it is very evident, especially in the banking field.
Banking field in Nepal
The banking field in Nepal has seen many good reforms and is one of the highest-paying sectors in Nepal. The banking field is also one of the most exciting and glamorous fields in the country. The pay and benefits in the banking sector attract many young people towards it.
The corporate field is the field with lots of pressure, competition, and deadlines. Everything needs to be done in time and needs to be managed properly in the field. It is one of the most exciting yet most difficult careers one can choose.
The corporate field is more than just smart individuals dressing up and going to work as they show us in movies. Therefore it is very obvious that the payment has to be good in this field. In the article, I am listing the names of the highest-paying Bank CEOs in Nepal.
Joseph Silvanus is the CEO of Standard Chartered Bank Nepal. He joined Standard Chartered on July 17, 2011, as CEO. He also works as Head of Retail clients. He holds a post-graduate degree in management and an honors degree in economics. He started his banking career with Afghanistan Standard Chartered bank as CEO. Currently, his annual salary is 1 Crore 5 Lakhs and 81 Thousand. He gets an allowance of 38 lakhs making his total annual salary one crore forty-three lakhs and eighty-one thousand.
Kishore Maharjan is the CEO of Civil Bank Nepal Salary. He worked as Chief executive officer and director of Sunrise Bank before joining Civil bank. His annual salary today in Civil bank amounts to 1 Crore 44 Lakhs with an Allowance of 12 Lakhs making his total salary 1 Crore 56 Lakhs. He is the only banker who owns an EPL team in Nepal. After the announcement of the formation of the EPL team in each city, Mr. Kishore Maharjan bought the team of Lalitpur and named it Lalitpur Patriots. All the other teams are bought by business houses but Lalitpur patriots are the only team owned by an individual rather than a business.
Jyoti Prakash Pandey
Jyoti Prakash Pandey is the other name that comes up when we are talking about the highest paying CEOs in Nepal. He is the present CEO of investment bank. He has been working with Nepal Investment bank since 2012. He joined NIBL as General Manager and Chief financial officer. His banking career started with joining Indosuez bank in 1988 and became the head of international Banking in 1992. After that, he joined Himalayan Bank and worked as head of marketing there for nine years. Then in 2001 he joined NIBL and has been working there since. Currently, he gets an annual salary of eighty-six lakhs and forty thousand with an allowance Seventy lakhs thirty-four thousand making him one of the highest-paid CEO in Nepal.
Anil Keshari Shah
Anil Keshary Shah is the most well-known Banker in Nepal. He is quite famous and has quite a huge fan following. He is a banker, motivational speaker, and youth icon. He is currently working as CEO of Mega Bank Nepal. He is paid an annual salary of one crore seventy lakhs and twenty-six thousand. He is also one of the youngest CEO in Nepal. He has achieved a lot in a very short period. He started his banking career as a trainee in Standard Chartered Bank. He did his BBA from Nepal and MBA from India. Later on, he became the first Nepali CEO of Nabil Bank Ltd, a joint venture in Nepal. He has spent most of his career in Nabil bank. Currently, as well he is working with Nabil Bank. Anil Keshary Shah is the perfect example that dedication and hard work can take you anywhere you wish to go.
Right now the highest paying CEO in Nepal is Sashin Joshi. He is currently working as CEO of NIC Asia Bank. His annual salary is 1 Crore 90 Lakhs and 73 Thousands including allowance. He recently joined NIC Asia bank after working with Nabil bank. His resignation got accepted on Falgun 5, 2076 and he joined NIC Asia where he had worked earlier as well. Earlier he resigned from NIC Asia on Ashadh 23, 2076, and joined Nabil Bank. In his working career, he even worked for Standard Chartered Bank.
These are the list of people who receive the highest salary in Nepal. For a country like Nepal, it is really huge that even working professionals are paid so well. Seeing people like them inspires many young people to work towards their dream. Passion and hard work can give you anything you desire in your life. Keep working hard until you reach the stage you dream of.