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: The Indian banking industry has grown tremendously in the last few decades. Due to the exemplary efforts of the government and the proactive financial policies, Indian banks have registered significant growth. The State Bank of India and other public sector banks hire qualified professionals every year to cater to the needs of the public. Specialist officers in banks provide specific services based on their roles and departments. 

Every year lakhs of candidates appear for the SBI SO and IBPS SO exams to be a part of the banking industry. Many aspirants have doubts regarding the job profile, salary, exam pattern, and carrer path of SBI SO and IBPS SO.

The SBI SO vs IBPS SO article will highlight differences in the exam structure and job profiles. Read till the end to understand the differences between IBPS SO and SBI SO.

SBI SO vs IBPS SO: Job Profile Comparison

Candidates clearing the SBI SO or IBPS SO exam are inducted into the banks as specialised officers. They are assigned a particular department based on their educational background and professional skills. Every bank department has its roles and responsibilities, and specialised officers perform the assigned departmental tasks. To understand the profile of an SO in a bank, let us first understand the departmental functions. 

Specialised officers can be assigned to the following departments where they perform some specific tasks.

Bank SO (IT Officer)

A Bank SO in the IT department holds the key to managing, controlling and optimising 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 pretty 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 the Bank PR Department to foster a positive image of the Bank.

Bank SO (HR Officer)

As the name suggests, Specialist Officer in the HR Department will be looking into Human Resource Activities. The set of essential 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 that 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 law department are as follows:

  • 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 to 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 functions 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 fulfil the criteria and norms of the bank.

Bank SO (Rajbhasha Adhikari)

Public sector banks appoint a Rajbhasha Adhikari in some branches to promote the usage of the Hindi language for carrying out daily tasks. They are responsible for bridging the language barrier between the customers and the bank staff. The essentials tasks of a Bank SO- Rajbhasha Adhikari are as follows:

  • Translate and proofread all the essential documents that are circulated in the Bank. These documents can be internal or outbound. Rajbhasha Adhikari has to complete this task efficiently.
  • Organise workshops for training bank personnel in the language that is spoken by most of the customers.
  • Rajbhasha Adhikari officers also must ensure that the official notifications and directives sent between the banking government organisations must be Hindi and English.

Hence, we can understand one thing from the information mentioned above that a Bank SO works on a singular job profile, which gives specialisation in only one area. We will now move to the next round in SBI SO vs IBPS SO, which is a salary package comparison.

SBI SO vs IBPS SO: Salary

The salary comparison of SBI SO and IBPS SO is made based on the pay scale, grade of employment, and allowances offered to officers. 

SBI SO Salary

Check out the Payscale of SBI Specialist Officers based on the grade of employment.

Grade SBI SO Salary
Junior Management Grade Scale I (JMGS I) Rs. 11.63 lakhs per annum

23700-980/7-30560-1145/2-32850-1310/7-42020

Middle Management Grade Scale II (MMGS II) Rs. 15.09 lakhs per annum

31705-1145/1-32850-1310/10-45950

Middle Management Grade Scale III (MMGS III) Rs. 18.32 lakhs per annum

42020-1310/5-48570-1460/2-51490

Senior Management Grade Scale IV (SMGS-IV) 50030-1460/4-55870-1650/2-59170

IBPS SO Salary 

Check out the Payscale of IBPS Specialist Officers based on the grade of employment.

Grade IBPS SO Salary
Officer Scale I Monthly salary Approx. Rs. 36400

Pay Scale– Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020

Officer Scale-II Monthly salary Approx.Rs. 48800

Pay Scale- Rs. 31705-1145/1-32850-1310/10-45950

Officer Scale III Monthly salary Approx.Rs. 64600

Pay Scale- Rs. 42020-1310/5-48570-1460/2-51490

IBPS SO Allowances

Specialist officers inducted through IBPS SO exam are entitled to various perks and allowances. The list of allowances offered to IBPS SO is tabled below. 

IBPS Specialist Officer Salary- Allowances
House Rent Allowance- HRA 7-9 Per Cent (Based on posting location)
Dearness Allowance- DA Rs 8605.88
Special Allowance- SA 7.75 Per Cent( For Scale I)
City Compensatory Allowance- CCA 0-4 Per Cent (Based on posting location)
Miscellaneous Rs. 4100

Now that we have understood the differences in the salary structure of a specialist officer in SBI and IBPS let us move to the recruitment procedure or exam pattern.

SBI SO vs IBPS SO: Exam Pattern

Both SBI SO and IBPS SO are highly competitive exams. Lakhs of candidates appear for the exams every year to be a part of the lucrative banking industry. The exam patterns of both exams are different. Check out the exam pattern details below.

SBI SO Exam Pattern

The exam pattern of the SBI SO exam varies with the different posts. Applicants have to attempt two papers. The first paper comprises questions from reasoning, English language, and quantitative aptitude and the second paper tests the professional knowledge of candidates. Candidates clearing the mains exam are invited for the interview process. 

SBI SO Exam Pattern for Law Officers

The exam comprises two sections with separate sectional timings.

Exam Tests Questions/ Maximum marks Time
Reasoning Ability 70/ 70 90 mins
English language 50/ 50
Professional Knowledge 50/ 100 45 mins
Total 170/ 220 135 mins

SBI SO Exam Pattern for Systems, CA and Engineering Officers

Exam Tests Questions/ Maximum marks Time
Reasoning Ability 50/ 50 90 mins
English language 35/ 35
Quantitative Aptitude 35/ 35
Professional Knowledge 50/ 100 45 mins
Total 170/ 220 135 mins

SBI SO Exam Pattern for Official Language Officers

Exam Tests Questions/ Maximum marks Time
Language (Hindi & English) 70/ 70 90 mins
Reasoning Ability 50/ 50
Professional Knowledge 50/ 100 45 mins
Total 170/ 220 135 mins

SBI SO Exam Pattern for Economist

Test Questions/ Maximum marks Time
Reasoning Ability 50/ 50 90 mins
English language 35/ 35
Quantitative Aptitude 35/ 35
Professional Knowledge 50/ 100 45 mins
Total 170/ 220 135 mins

A cumulative score of the exam and interview is used to create a merit list by the SBI. Candidates scoring at least the cutoff marks are selected as per their respective posts. 

IBPS SO Exam Pattern

The selection process of IBPS SO includes a preliminary exam, mains exam, and a personal interview. The prelims exam is objective, whereas the mains exam is both objective and subjective.  Let us discuss each exam section in detail.

IBPS SO Preliminary Exam

  • The total time allotted to complete the exam is 120 minutes.
  • Sectional time allotted is 40 minutes.
  • Candidates clearing the prelims are called out for the mains exam.
IBPS SO 2021 Exam Sections Total Marks Questions
Post- Law officer & Rajbhasha Adhikari
Reasoning Ability 50 50
English Language 50 25
General Awareness with particular reference to Banking Industry 50 50
Post- Agriculture Field Officer, Marketing Officer, HR or Personnel Officer, IT Officer
Reasoning 50 50
English Language 50 25
Quantitative Aptitude 50 50

IBPS SO Mains Exam

  • The total time to complete the exam is 60 minutes for the Rajbhasha Adhikar post and 45 minutes for other posts.
  • The purpose of the mains exam is to test the professional knowledge of candidates.
  • Candidates clearing the mains exam are invited for the interview round.
IBPS SO 2021 Exam Sections Total Marks Questions
Post- Rajbhasha Adhikar
Professional Knowledge(Objective) 60 45
Professional Knowledge(Descriptive) 2
Post- Law Officer, IT Officer, Agriculture Field Officer, HR or Personnel Officer, and Marketing Officer
Professional Knowledge 60 60

A cumulative score of the exam and interview is used to create a merit list by the IBPS. Candidates scoring at least the cutoff marks are selected as per their respective posts.  

SBI SO vs IBPS SO: Career Progression

There is no doubt that specialist officers have a well-defined career path, and with the years of experience, they are offered more responsible profiles. Let us differentiate SBI SO, and IBPS SO profiles based on carrer progression in the banks. 

SBI SO Career Growth

The incumbents joining the state bank of India as specialist officers are offered handsome salaries and a progressive carrer path. The bank organised several annual examinations to promote deserving candidates to higher positions. A candidate can climb the carrer ladder fast by clearing exams and providing excellent service to the bank. The carrer path of an SBI SO is as follows:

  • Assistant Manager
  • Deputy Manager
  • Manager
  • Chief Manager
  • Assistant General Manager
  • Deputy General Manager
  • General Manager
  • Chief General Manager
  • Deputy Managing Director
  • Managing Director
  • Chairman

IBPS SO Career Growth

The public sector banks are known for their career progression, and an IBPS SO gets ample opportunities to grow in the industry. The carrer hierarchy is an IBPS specialist officer is as follows.

  • Assistant Manager
  • Manager
  • Senior Manager
  • Chief Manager
  • Assistant General Manager
  • Deputy General Manager
  • General Manager
  • Managing Director
  • Chairman

Reasons for pursuing Bank SO Career

There are multiple reasons to pursue a carrer as a specialist officer in banks. Check out the reasons below.

  • Good Salary,
  • Job Perks and Benefits
  • Good Work Location (mostly metro cities)
  • Less frequent job transfer
  • On-Job Learning and Promotions

If there are any further queries, please mention them in the comment section below. Stay connected for more information regarding Public Sector Banks Recruitment 2021. To excel in Banking Examinations, download the Best Bank Exam Preparation App for free.Simple Life

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