Sunday, February 24, 2013

SBI JOB as PO

I am going to roughly add some pros & cons of this SBI PO job.PROS. 
1.Great organsiation to work with ,with high image,repute of its own kind,largest PSU bank & third largest profit making organisation in india. 
2.Safe,Secure life,no suprises for sure. 
3.Good salary structure ,though salary is same as with other PSU banks some differences do give out SBI advantages while other allowances & emoluments are much higher as compare to other PSU Banks,(My observation :-If you calculate perks & salary of SBI scale 1 -3 officers they are higher than PVT banks like ICICI,AXIS,HDFC bank also) 
4.Very good Scope in banking industry if you work with this giant (Note - I refused net 50K /month offer of ICICI bank just week ago) 
5.IF you are lucky you may get selected in treasury,CAG,MCG,forex,Trade finance,Export Import centers and many more specialised banking sectors where exposure is great one (I was not lucky in this but reasons differ ) 

6.Big boost in salary may come with next Wage HIke due in DEC 12 ,20% hike in basic will bring PO job at other officers jobs pay in central govt.20% is min pay hike according to my view it will settle above 30% as there is no pension issue this time.Plus SBI asking more than other PSU banks may give out more (last year SBI manage to get 7.5% extra hike than other PSU banks ) 
7.Promotions depend on your knowledge Upto Scale 3 positions. 
8.JAIIB,CAIIB qualification & other degrees like CFP do get better atteintion & increase in basic plus honorium. 
9.For peoples who have not done PG.Sbi do have contract with reputed PG college providing free MBA for emmployees ( after this there is bond to serve in sbi for some period ) 
10.you can leave organisation any time with notice period of 3 month in probation & 7 days after probation get over ,no bond no cuts.

CONS 
1.every organisation do have cons & sbi is not exception ,first main con is Politics in transfers & promotions above scale 4. 
2.HR policy not upto mark,recognisation of work & promotion to deserving candidates lack many times. 
3.Rural posting thats another blow,with govt in mood to increase it to 5 years,its difficult one to digest (belive me working in rural branches is not that easy also.) 
4.IF you are posted at branches that is most likely though afterwards you may get chance to move to specialised centers,in branches life do become monotonous & in sbi customers negotiation do take half of your work day. 
5.Transfer is big issue,need to transfer every 3 years,it become very hectic after marriage & when you have family (in Gals cases its little bit realaxed as in most cases they are transfered as per their choice of posting ,now this is one negative for guys )
6.No suprises but no extra bonuses for sure ,kaam 10% karo yaa 100% you are going to get same salary. 
7.You need to keep your sstudy continue after selection for JAIIB,CAIIB,confirmation test then promotion test and its go on ( good for some people bad for some peoples)SO MY OBSERVATION SBI SI QUITE BETTER THAN OTHER PSU BANKS IN MANY WAYS FROM TECH TO HR POLICY ALSO BUT IT DO COME AFTER CENTRAL & STATE INSPECTORS POST & RBI GRADE B POST . NOW THIS IS JOBWISE BUT FOR PERSON WHO IS TARGETING FINANCE SECTOR ESPECIALLY BANKING ,SBI IS BEST LAUNCHING PAD AFTERALL THIS IS MY VIEW,& VIEWS TEND TO DIFFER AS PERSON CHANGE.