Wednesday 5 July 2017

Which is better IBPS PO or SBI PO? - Job Profile, Work, Career Growth

Banking is the sector which offers large no. of vacancies every year. Therefor huge no. of candidates applies for the banking jobs.

Candidates who wants to do a job which offer attractive salary with many benefits and perks can choose the Bank PO as a career.

Bank PO is a prestigious job with good salary and other benefits for which banking aspirants always dream.

In this article, we are going to discuss, which job is better IBPS PO or SBI PO? We will discuss about IBPS PO vs SBI PO job profile, work life, benefits and career growth.


IBPS PO vs SBI PO: which job is to choose?


For the various posts like probationary officer(PO), Specialist officer, clerk, RRB officer in the various public-sector banks and regional rural banks (RRBs), online exams conducted by Institute of Banking Personnel Selection (IBPS).

While SBI is a largest commercial bank of India which recruits candidates for the vacant seats for different posts in its branches. To get a job in SBI bank is like a dream come true for any banking aspirant.


IBPS PO vs SBI PO  Job Profile


Job profile of bank PO in every bank is almost same. After successful joining as a bank PO there is a training period of 1-2 years which depends on skills and performance of the candidate.

Bank PO learn the general banking tasks in training period like cash management, customer support, Business improvement etc. other tasks performed by IBPS & SBI PO are:
  • Customer support
  • Cash handling
  • Chaque or payment clearance
  • Account management
  • Report maintenance
  • Business enhancement

IBPS PO vs SBI PO Salary Package


There is a difference between salary of SBI PO & IBPS PO. SBI PO gets more salary than the IBPS PO. IBPS PO get basic pay of 23700 Rs. while for SBI PO gets the 27620 Rs. With other benefits and allowances as follows:

Other Benefits:


Benefits
 Amount
Annual Increment
980 Rs. For 7 years
Dearness Allowance (DA)
39.80% of Basic Pay (Revised Quarterly)
House Rent Allowance
Vary according to job places
City Compensatory Allowance
4% or 3% or 0% according to place of posting
Special Allowance
7.75% of Basic Pay


Except above benefits at the initial stage, SBI PO gets 4 extra increments which creates difference of 6000 Rs. In SBI PO & IBPS PO salary.


IBPS PO vs SBI PO Perks



Perks
IBPS PO
SBI PO
Medical Benefit
8000 Rs per annum
100% medical Aid for self and 75% for family
Leased Accommodation
Lease amount varies according to places of posting
Ranges from 8000 to 29500 Rs. For different places
Travelling Benefits
Provide fixed traveling allowances
Home/ Traveling concession

Other than above perks bank POs gets concession in rate of interest for Home Loan, Car Loan & Personal Loans. Get opportunities to go on foreign trips and various pension schemes.


IBPS PO vs SBI PO Work Environment


SBI is the largest bank of India which has the largest no. of branches and ATMs across India. Thus, the work load in SBI will be much higher than other banks.

After merger of its branches SBI have the maximum no. of branches all over India which has the largest no. of customers thus work pressor in SBI is Higher than the IBPS and other nationalize banks. 


IBPS PO vs SBI PO Career Growth


After getting bank Po job one gets almost similar opportunities for promotions. All the bank follows government norms of promotion. Banks offer promotion in every 2-3 years according to performance so there are chances to get higher positions in one’s work tenure.

The bank PO gets promotion as follows:

Bank PO< Assistant Manager< Branch Manager< Chief Manager< AGM< DGM< CGM< GM


Conclusion


If we talk about the salary package and benefits SBI PO is much better option to choose as a career. While if you don’t want to have a work load you can go for IBPS PO.

Here we have discussed the difference between IBPS PO & SBI PO job profile. I hope it we help you to differentiate between these two job and will help to start preparation for IBPS PO and SBI PO as well.



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