SBI SO vs IBPS SO: Job Profile, Salary, Exam Pattern, Work Environment

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SBI SO vs IBPS SO: Job Profile, Salary, Exam Pattern, Work Environment

SBI SO vs IBPS SO: As you all know, State Bank of India is India’s largest public sector bank and  so getting job in the State Bank of India is like a dream come true for most candidates. Every Year, SBI conduct online examination for the recruitment of Specialist Officer. Apart from this, the other most important exam for every bank SO aspirant is IBPS SO. Likewise, Every year, Institute of Banking Personnel Selection conducts its online common written examination for the recruitment of Specialist Officers into various public sector banks.

Both the examinations are very important for those aspirants who want to build their career in the banking sector. Here, we are providing a competitive job comparison i.e SBI SO vs IBPS SO based on salary, job description, Exam Pattern, perks and benefits and work environment.

 

SBI SO vs IBPS SO: Job Profile Comparison

Once you crack 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:

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

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.

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.

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.

Bank SO (Agricultural Field Officer)

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.
  • 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.

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 that as a Bank SO, you will be working on singular job profile, which gives specialization in only one area. Now we will move to the next round in SBI SO vs IBPS SO, which is, salary package comparison.

 

SBI SO vs IBPS SO: Pay Scale

Here we will discuss the salary package given to a SBI SO and IBPS SO. Let us start with SBI SO Salary Package:

SBI SO: Salary Package

Grade Pay Scale
JMGS I 23700-980/7-30560-1145/2-32850-1310/7-42020
MMGS II 31705-1145/1-32850-1310/10-45950
MMGS III 42020-1310/5-48570-1460/2-51490
The officials will also be eligible for DA, HRA. CCA, PF, Contributory Pension Fund and perquisites as admissible to the corresponding grade etc. as per rules in force from time to time the total compensation per annum would be approximately Rs.11.63 lacs, Rs.15.09 lacs, Rs.18.32 lacs for the grade of JMGS I, MMGS II, MMGS III respectively.
Contractual Positions: The compensation package (CTC) would comprise of fixed and variable components but not a limiting factor for a suitable candidate.
Probation: As per Banks instructions / decided by the competent authority.

IBPS SO: Salary Package

The salary structure for the IBPS SO is calculated considering all the perks offered to them. However, an SO under Scale I is provided — Rs 14,500 – 600/7 – 18,700 – 700/2 – 20,100 -800/7 – 25,700/- approximately. So, the cash-in-hand will be around Rs. 24,000-32,000 nearly.

Those under IBPS SO Scale II, the BASIC PAY given is Rs 19,400 700/1- 20,100 – 800/10 – 28,100/ approximately. During appointment, the salary will be Rs. 34,000-40,000 approximately. After completion of the first year, an increment of Rs. 700 will be due on the basic pay. After that the increment on the basic pay is Rs. 800/- for the next 10 years.

After going through the detailed salary package of SBI SO and IBPS SO. let us differentiate between SBI SO and IBPS SO Examination Pattern.

 

SBI SO vs IBPS SO: Exam Pattern

To get recruited as either SBI SO or IBPS SO, one has to crack different examination rounds set by the responsible authorities. Let us go through Specialist Officer’s online exam pattern of SBI SO and IBPS SO.

SBI SO Exam Pattern

Given below is the SBI SO exam pattern for the recruitment of SBI Specialist Officers.

SL. NO Posts Papers Subjects No. of Questions Marks Duration
1. Systems, Developers, Test Lead, Tester and Statistician Paper 1 Test of Reasoning 50 50* 90 mins
2. Quantitative Aptitude 35 35*
3. English Language 35 35*
4. Paper 2 Professional Knowledge (PK) 50 100 45 mins
Total 170 220
  •  SBI Specialist Officer Exam Pattern consists Two Papers.
  • Duration of the Paper 1 is 90 mins.
  • Duration of the Paper 2 is 45 mins.
  • There will be a negative marking for the Exam.

* implies that the following are Qualifying in nature and marks thereon will not be reckoned for arriving at the merit list.

IBPS SO Exam Pattern

Candidates should be aware of the new IBPS SO exam pattern so that he can prepare accordingly. Let us look at the revised IBPS SO exam pattern.

IBPS SO Exam Pattern: Law Officer-Scale I & Rajbhasha Adhikari Scale I

Name of the Section (Not in Sequence) No. of Questions Maximum Marks  Time Allotted
Reasoning  50  *  30 minutes
English Language  50  *  25 minutes
General Awareness (with special reference to Banking)  50  *  30 minutes
Professional Knowledge  50  80  35 minutes
 Total  200  80  120 minutes

Let us highlight some important pointers:

  • There will be 200 questions in total.
  • A separate time slot will be allotted to each section. Candidate cannot switch to other sections even if he/ she is done with the current section before the allotted time.
  • Total time duration for IBPS SO exam is 120 minutes.
  • The questions will be objective in nature.
  • Reasoning, English Language and General Awareness section will be only qualifying.
  • There will be 50 questions for Professional Knowledge Section.
  • Professional Knowledge section will carry 80 marks.

The meaning of  * (star) is that above listed sections will be only qualifying.

IBPS SO Exam Pattern: IT Officer Scale I, Agricultural Field Officer Scale I, HR/ Personnel Officer Scale I &Marketing Officer Scale I

Name of the Section (Not in Sequence) No. of Questions Maximum Marks  Time Allotted
Reasoning  50  *  30 minutes
English Language  50  *  25 minutes
Quantitative Aptitude  50  *  30 minutes
Professional Knowledge  50  80  35 minutes
 Total  200  80  120 minutes

The meaning of  * (star) is that above listed sections will be only qualifying. Marks obtained will not be added for merit listing for interview.

As you can see from the table, a separate time slot has been allotted to each section. The most important details regarding IBPS SO Exam Pattern and Marking Scheme for Examination are as follows:

  • There will be 200 questions in total.
  • A separate time slot will be allotted to each section. Candidate cannot switch to other section even if he/ she is done with the section before the allotted time.
  • Total time duration for IBPS SO exam is 120 minutes.
  • The questions will be objective in nature.
  • Reasoning, English Language and Quantitative Aptitude section will be only qualifying.
  • There will be 50 questions for Professional Knowledge Section.
  • Professional Knowledge section will carry 80 marks.

Let us now move to our next round i.e SBI SO vs IBPS SO: Work Environment Comparison.

 

SBI SO vs IBPS SO: Work Environment Comparison

Both are highly reputed jobs in India’s foremost banking industries. Let us talk about work environment:

SBI SO: Work Pressure & Environment

State bank is one of the largest and oldest administration bank of India. Its branches are accessible all over India and it has numerous ATM counters everywhere. Therefore, it is obvious that the number of customers are higher in SBI than in any other nationalized bank. This increases work pressure in the SBI branches. As it is India’s oldest bank, SBI has customer loyalty and this again increases customer engagement in its departments.

IBPS SO: Work Pressure & Environment

Some nationalized banks are not accessible in rural areas, even we can say, not all over India, and their ATM counters are not everywhere. Therefore, it is obvious that the number of customers in nationalized banks are less than in SBI. This reduces work pressure in their branches.

We hope this comparison helps you understand differences between SBI SO vs IBPS SO.

Confused why to pursue a Bank Specialist Officer Career? Have a look here-

 

Reasons for pursuing Bank SO Career

  • Simple Life
  • Good Salary, Job Perks and Benefits
  • Good Work Location (mostly metro cities)
  • Less frequent job transfer

If there are any further queries, please mention in the comment section below. Stay connected for more information regarding Public Sector Banks Recruitment 2016. To excel in Banking Examinations, download the Best Bank Exam Preparation App for free.

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