Earlier, we shared an article comparing LIC AAO with Bank PO. The comparison was made in terms of job profile, salary, career growth and work environment. Read more about it through this link.
In this article, we compare Bank PO with Bank SO. The analysis will be based on job profile, pay scale and career prospects. We hope this will help candidates in identifying the right career for themselves. Also, the get to decide whether to prepare for IBPS PO or IBPS SO.
Bank PO vs Bank SO – Job Profile
- 1 Bank PO vs Bank SO – Job Profile
- 2 Bank PO vs Bank SO – Pay Scale
- 3 Bank PO vs Bank SO – Work Environment
- 5 Bank PO vs Bank SO – Career Prospects
- 6 Bank PO vs Bank SO – Final Verdict
Following the earlier procedure, we will begin our analysis by comparing job profiles of a Bank PO and Bank SO. First up, Bank PO!
Bank PO Job Description – Major Tasks and Duties
You need to crack IBPS PO or SBI PO Exam. The selection process is completed in 2 steps.
- SBI/ IBPS PO CWE (Common Written Examination)
- Interview of Shortlisted Candidates
A Probationary Officer is also considered as a Management Trainee (MT). Once you are recruited as a PO or MT, you will be on probation for atleast 2 years. During this time, a Probationary Officer gets assigned a number of tasks and duties related to Banking Processes.
Some of the tasks and duties assigned to a Bank PO are:
- Customer Service/ Relationship
- Professional Link Building
- Document and Account Verification
- Banking Process Management like Cash Counters, Authorization of Transactions etc.
Bank SO Job Description – Major Tasks and Duties
The IBPS SO Exam is held once a year. The pattern of IBPS SO Exam is similar to IBPS PO in terms of written exam followed by an interview of shortlisted candidates. But a Bank SO has a specialized job profile.
Once you crack IBPS SO Exam and Interview, you are recruited as a Specialized Officer. But as a Bank SO, you are designated a particular department. Each department in a Bank has its own set of functions. Your job description as a Bank SO depends on the department you are assigned with.
The various departments and duties assigned to a Bank SO in them are as follows:
1. Bank SO (IT Officer)
A Bank SO in the IT Department holds the key to managing, controlling and optimizing numerous tasks of the banking system. As a Specialist Officer in the IT Department, you could be handling either one of these services.
- Data Center Maintenance and Support
- Queries related to ATM
- Maintenance of Computer Systems in the Bank
- Software and MIS Maintenance
- Network Security Maintenance and Query Processing
2. Bank SO (Marketing Officer)
The job profile of a Bank SO in the marketing department can be quite hectic. The primary responsibility of Marketing Officers is usually around bringing more business to the bank and increase profit. Some of the important tasks assigned to a Specialist Officer in the Marketing Department are as follows.
- Prepare a cost-effective budget for advertising. In addition to this, they also might be a part of the negotiation team.
- Manage various marketing channels such as posters, televised commercials, newspaper ads etc. It is also necessary to check and cross-check content shared through these channels.
- Most importantly, handle certain aspects of Bank PR Department in order to foster a positive image of the Bank in from of customers and possible clients.
3. Bank SO (HR Officer)
As the name suggests, Specialist Officer in the HR Department will be looking into Human Resource Activities. The set of important tasks and duties of a Bank SO in the HR Department are:
- Analyse existing HR policies. Suggest changes if need be.
- Implement new policies fostering a positive attitude among the people working in the Bank.
- Handle all cases of misconduct which require attention from the HR department.
- At times, be a part of the Selection and Recruitment Committee.
4. Bank SO (Law Officer)
A Specialist Officer in the Department of Law handles all the legal work of the Bank. A set of tasks assigned a Bank SO in IT Section are:
- Look into the current policies and detect errors, if any.
- Draft legal notice and documents for various processes in a Bank.
- Provide Legal Assistance in issues related bank frauds, accusations, etc.
- Safeguard the integrity and reputation of the Bank.
5. Bank SO (Agricultural Field Officer)
You get assigned to the Agricultural Field Department mostly in rural branches of a Bank. The tasks on a Bank SO as an Agricultural Field Officer can be quite challenging. Here is a brief overview of the various tasks and duties.
- Provide detailed information to all the customers about various banking processes and schemes. The crowd might be less educated so the language needs to simple.
- Explain government related schemes and benefits plan to the people.
- Promote loans of all the people who fulfill the criteria and norms of the bank.
6. Bank SO (Rajbhasha Adhikari)
Hindi is our National Language. Yet the mainstream industry is dominated by English. Hence, in order to promote Hindi in a Bank, a highly qualified candidate gets assigned to the position of Bank SO Rajbhasha Adhikari. The essentials tasks under the post are.
- Translate and Proofread all the important documents that are circulated in the Bank. These documents can be internal or outbound. It is the duty of Rajbhasha Adhikari to complete this task efficiently.
- Organize workshops for training bank personnel in the language that is spoken by most of the customers.
- Rajbhasha Adhikari officers also have to ensure that the official notifications and directives send between the banking government organizations must be in both Hindi and English Language.
Hence, we can understand one thing from the information mentioned above.
- As a Bank PO, you have multiple verticals to work upon, which opens doors to various career prospects.
- As a Bank SO, you will be working on singular job profile, which gives specialization in only one area.
Now we move to the next round in Bank PO vs Bank SO, which is, salary package comparison.
Bank PO vs Bank SO – Pay Scale
Here we discuss the salary package given to a Bank PO and Bank SO. This pay package will be all inclusive. It means the salary mentioned below includes Basic Pay, DA, TDA, CCA and HRA.
- Bank PO Pay Scale – Rs. 14,500 – 32,758
- Bank SO Pay Scale – Rs. 14,500 – 32,000
We can clearly see that the average pay package to a Bank PO and Bank SO is pretty much the same. The only difference occurs in terms of perks and benefits.
- Transportation Assistance
- Personal Assistant
- Top of the Line Laptops for Specialist Officers
Hence, we conclude this round between Bank PO vs Bank SO as a tie. Now we move to another important comparative vertical, Work Culture and Environment. Let us analyze.
Bank PO vs Bank SO – Work Environment
In this section, we will first discuss the general work environment and major issues faced by Bank PO. It is necessary to understand the expanse of a career you wish to pursue before you pursue it.
Bank PO Work Culture
As we already know, you have a lot of options at the entry level. But these options can also make your life a challenge at times. So we break down the pros and cons of working as a Bank PO.
- Highly Energetic Environment. Something new is always up.
- New things to learn, from banking processes to client management.
- In time, added perks, like transportation cover and assistant to keep you upto speed.
- While handling multiple work assignments, work life can become hectic.
- Client Relationship gets challenging in Rural Areas due to lack of understanding of banking rules and norms by the people living there.
So, if you are a person looking for a real challegen, Career as a Bank PO will not disappoint you. Now we will talk about Bank SO.
Bank SO Work Culture
Bank SO has a fairly different work life than a Bank PO. We already know the type of work assigned to an individual completely depends on the department he/she gets placed. Let us break it down into a Pros and Cons list.
- The job location will mostly be a metro city.
- There is a limited set of tasks you get assigned.
- The job transfer are not as frequent as that of a Bank PO.
- You assist Bank Employees only. Dealing with clients and customers is not in your job profile.
- The term ‘Specialist’ Officer might be over-emphasized. You will be performing rudimentary and repetetitive tasks on a daily basis.
- The work environment might get boring at times.
- You need to work according to the schedule of other banking personnels. You job dictates Assistance.
From the above mention data, you can analyze the type of work life you want.
We now move to our final section. It might be the most important one. What does the job has in store in the future? Let us see.
Bank PO vs Bank SO – Career Prospects
We will talk about Bank PO first, followed by career prospects of a Bank SO. Career Prospects include job promotions, benefits, minimum time between promotions and job skills acquired. Lets get straight to it then.
Bank PO Career Prospects
Career as a Bank PO provides an experience of a lifetime. You get to learn a lot about Client Relationship, Banking Processes, Marketing, Accounting etc.
- Your career as a Bank PO begins as a Junior Manager Grade Scale or JMGS Officer.
- A minimum 2-3 years of probation will promote you at the post of a Manager.
- Adding 8-10 years more, you will be running for the post of Senior Manager.
Hence, this career graph is extremely progressive as compared to any other government job. You just need the right attitude for it.
Bank SO Career Prospects
Since you are assigned to a particular type of profile, the tasks become repetitive after a while.
- You begin at IBPS SO Scale I, which is the Junior Management Level Post.
- You only get promoted to Scale II, which is Middle Management Level after a designated number of years.
- There is no fixed criteria of promoting officers.
The biggest concern while pursuing a career as a Bank SO is the line of work. You can only continue along a single career. Otherwise, you have to start again from the first stage.
Bank PO vs Bank SO – Final Verdict
From the information mentioned above, we have come to final conclusion.
Reasons for pursuing Bank PO Career
- Learning Experience
- Acquire multiple work skills
- Become adaptable to various work environment
- Highly Competitive Job
- Upward Career Growth
Reasons for pursuing Bank SO Career
- Simple Life
- Good Salary, Job Perks and Benefits
- Good Work Location (mostly metro cities)
- Less frequent job transfer
We hope this comparison helps you understand which to choose from Bank PO vs Bank SO. If there are any further queries, please mention in the comment section below.
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