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SBI PO vs IBPS PO - Which Is Better? What To Choose And Why: Check Here

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SBI PO vs. IBPS PO!

SBI PO vs IBPS PO: If you are here on this page, then definitely, it means that you are searching for major differences between SBI PO vs IBPS PO and which is better. We are here to remove your confusion regarding SBI PO vs IBPS PO. So, check here and read this article carefully. Before starting comparison between SBI PO vs IBPS PO, What To Choose And Why, it is important for readers to note that………

Institute of Banking Personnel Selection is known as IBPS, a recruitment agency which offers various banking employment opportunities for 23 Public Sector Banks excluding State Bank of India and also conducts different examinations for the same also.

While, on the other hand, State Bank of India is a banking branch itself, organizes various recruitment examinations with the purpose to fill unoccupied positions at SBI and its associate banks such as State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore.

Check Here: What To Choose And Why?

Enormous number of aspirants dreamed to be at any prestigious position such as PO in any government bank. Those aspirants, who are confused in SBI PO vs. IBPS PO!, like which one to choose for better career, must go through this page as we have provided the Finest

Differences that help you Choose between SBI PO and IBPS PO based on various parameters. These factors include salary, job description, career growth, perks and benefits and work environment etc.

SBI PO vs. IBPS PO!

Team of www.privatejobshub.in has provided complete details regarding the career scope as a PO in SBI or any IBPS bank. Interested candidates must comprehend complete page in accordance with choosing better one by comparing different factors.

Distinguished factors to Choose/Better: SBI PO vs. IBPS PO

SBI PO
IBPS PO
Brief Intro
SBI is the nationalized and largest commercial bank of the country which approaches towards recruiting the skilled and employed aspirants in the officer cadre across all the branches of country. Getting a job in SBI is a dream comes true kind of state for any individual as this bank offers decent salary package, promotion policy and the social status and other.
IBPS is leading institute in banking sector which organizes various recruitment exams throughout the year. Aspirants selected through IBPS exams gets placed in any participating public sector banks of the country excluding SBI.

Job Profile
Working as probationary officer in State Bank OF India is like you will always finding a long queue all the time in front of you in a proper note. You have to get into the groove and pass receipts, payments, cheques, fund transfers, authorize account opening, fixed deposit etc.
Getting selection as PO through IBPS exam will either let you to manage any general banking department or the credit department of the bank.
Earnings And Grant
Beside basic salary SBI PO gets everything starting from housing, furniture, medical, conveyance, book grant, briefcase grant etc.  That is why; the salary in SBI is more than any other PSB.
Earnings and grants offered by any PSB are obviously less than the salary received by SBI Officer. Rather than that you get a decent salary to live a decent life. However, you get mostly similar allowances in all the banks.
Promotion Policy
Promotion policies of SBI are best and very attractive as within two years of your service, you can get promoted to the next scale if you pass the departmental examination.
Normally all the banks are having same promotion policy since they confirm to the rule of the government regarding promotions and transfers.
One who wishes to grow fast with this sector must go for departmental examinations which held from time to time.
Posting
One must be fully prepared with working in any area of country. As SBI is having large no. of branches, so can be posted anywhere that includes remote villages as well.
You may be posted anywhere in India as mostly every public sector bank has the most number of branches in a particular region of the country.
Work Pressure
With expressive salary, this profile comes up with a heavy work load as you are responsible for the profit of your branch. However, you achieve additional incentives for good work as well.
One of the advantages of doing work in any PSB except SBI, as here, work load is less as compared to work stress of any SBI officer.

Social Status
Being an officer in country’s largest commercial bank will grant you a vast social status compared to any officer in other commercial bank of the country.
You will be getting lot of respect and value of being an officer of a public sector bank, you are socially well placed.

Check Whether You are Eligible or not?

Which Is Better?

Making the best choice among the recruiting bodies, SBI or IBPS and after recruitment process in the banking sector the two most required are either SBI PO or IBPS PO. Both these recruitment examinations are conducted every year and a large number of candidates participate in these exams.

These exams are conducted in order to get selected for an executive post in any public sector bank. Candidates are advised to look at the details of both of these jobs so that candidate can attain an idea of what they may face ahead once they secure the job of a banker in any PSB.

Statistical data of SALARY to make Comparison in Detail: SBI PO vs. IBPS PO

Salary Structure
 Amount (SBI PO)
Amount (IBPS PO)
Basic Pay
INR 27620 
INR 23700
Annual Increment
INR 980 for 7 years
INR 980 for 7 years
Dearness Allowance (DA)
39.80% of the Basic Pay (Revised Quarterly)
39.80% of the Basic Pay (Revised Quarterly)
City Compensatory Allowance
@4%, 3% or 0% (Depends on the place of posting)
@4%, 3% or 0% (Depends on the place of posting)
Special Allowance
@ rate of  7.75%
7.75% of the Basic Pay
House Rent Allowance
Depends on place of posting
9%, 8% or 7% (Depends on the place of posting)
Total Salary
INR 45,000 per month (It may vary as per the HRA)
INR 37,360 -38,700 per month

Check Revised Pay Structure (In Detail Way):

Probationary Officer Perks offered by IBPS and SBI Banks

Leased Rental Accommodation:

A Probationary Officer is granted with the housing facilities under HRA policies of bank. Under this policy direct cash payment is not provided, rather bank transfer required fund for accommodation to the House Owner.
  • In SBI: Leased accommodation range from INR 8,000/- in ‘C’ category Centers to INR 29,500/- in Mumbai Centre.
  • In IBPS Banks: Official Bank Accommodation/Bank Quarter are provided as leased accommodation.
 Travelling Benefits:
  • In SBI: A PO also receives travelling concessions and allowances if they are visiting to the places within India. Employees can even get benefit of the bank guest houses available at various places across India.
  • In IBPS Banks: Employees can purchase vehicles from Bank’s side instead of petrol bills and can also stay at Banks’ Guest Houses while visiting various places across India.
Medical Benefits:
  • In SBI: SBI offers 100% Medical Facilities to the employees and 75% to their family members.
  • In IBPS Banks: The employees working within IBPS Banks are paid INR 8000 per annum for Medical Aid facility.
Have a look on these Links:
 Leave Policies:
  • Leave Policies include 33 days of privilege leave and 12 days of casual leave annually along with sick leave and maternity leave.
  • Women and single men with children or aged parents have the provision to take vacation leave of up to 2 years.
Other Benefits:
  • Pension schemes are so attractive that every employee can spend his rest of life with happiness.
  • PO’s are benefitted with the Housing Loan, Car Loan & Personal Loans on concessionary rate of interest.
  • Bank employees can also be transferred to its respective foreign branches and can get a chance to work in foreign countries.
  • Bank offers scholarships to the meritorious children of all the Bank Employees.
SBI Compensation Scheme:

Probationary Officers are offered highest entry level compensation packages in the banking industry.

The total compensation for PO = Min: INR 7.55 Lacs per annum and Max: INR 12.93 lacs per annum.

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So, candidates are requested to stay connected with us through this page and get latest details in regard of it. Applicants may also join us on Facebook and Google Plus to get latest updates related to recruitment, examination, admit card etc directly on your wall. You can also subscribe on our free email service by leaving comment in the below comment box.

Career Progression for Bank Probationary Officer along with the Salary Growth Stats:

Management Grades
Designation
Monthly Salary Structure (INR)
Junior Management Grade – Scale I
Probationary Officer or Assistant Manager
23700 – 980 – 30560 – 1145 – 32850 – 1310- 42020
Middle Management Grade – Scale II
Manager
31705 -1145 -32850 -1310 -45950
Middle Management Grade – Scale III
Senior Manager
42020 -1310 -48570 -1460 -51490
Senior Management Grade – Scale IV
Chief Manager
50030 -1460 -55870 -1650 -59170
Senior Management Grade Scale V
Assistant General Manager
59170 -1650 -62470 -1800 -66070
Top Management Grade Scale VI
Deputy General Manager
68680 -1960 -76520
Top Management Grade Scale VII
General Manager
76520 -2120 -85000
Executive Director (ED)
Approx. 1.5 + lac
Chairman and Managing Director (CMD)
Approx. 2 + lac

Prelims/ Mains Exam Patten for SBI PO and IBPS PO

IBPS Prelims Exam Pattern

Sr No.
Test Name
Qns.
Marks
Duration
1
Reasoning Ability Paper
35
35
01 hour
2
Quantitative Aptitude Paper
35
35
3
English Language Paper
30
30
 Total
100
100

IBPS PO Main Exam Pattern

S.No.
Name of Tests
No. of Ques
Maximum Marks
Time allotted for each test
1.
Reasoning
50
50
40 Minutes
2.
English Language
40
40
30 Minutes
3.
Quantitative Aptitude
50
50
40 Minutes
4.
General Awareness (with special reference to Banking Industry
40
40
20 Minutes
5.
Computer Knowledge
20
20
10 Minutes
Total
200
200
140 Minutes

SBI PO Prelims Exam Pattern

Name of the Section
No of Qs
Marks
Duration
English Language
30
30
1 hour
Quantitative Aptitude
35
35
Reasoning Ability
35
35
Total
100
100

SBI PO Main Exam Pattern

S.No.
Name of Tests
No. of Ques
Maximum Marks
Time allotted for each test
1.
45
60
60 Minutes
2.
35
60
45 Minutes
3.
General Economy & Banking Awareness
40
40
35 Minutes
4.
35
40
40 Minutes
Total
155
200
3 Hours

By summarizing all we just conclude that Both IBPS PO and SBI PO are better jobs in their own respect. Basically analyzing best one from both jobs depends upon the person’s expectation from that job. So, if you thinking of to be placed all life as a reputed banker, go for SBI. But if you are going to leave the job or you don’t want much stress, IBPS PO is your bet. Aspirants are advised to make better choice as both are rewarding career choices.

********Best of Luck AlL*******

SBI PO Preparation Material
IBPS PO Preparation Stuff

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