RBI Grade B Vs SSC CGL Vs SBI PO Vs IBPS PO - Which is the Better Career Option?

Choosing a career can be a tough decision to make for some people, while it is still easy for others. A bright career is a blend of good pay and great growth but factors like work pressure, work environment come into play. A decision regarding choice of career has to be made by a student keeping in mind things like roles and responsibilities, salary, perks and benefits, work pressure, working hours, growth, etc.


The comparison of RBI Grade B Officer vs SSC CGL vs SBI PO vs IBPS PO by TopRankers.com, a website that helps to crack competitive exams is aimed at aiding you to choose the most suitable option and help solve the dilemma on which path to choose.


RBI Grade B Officer vs SSC CGL vs SBI PO vs IBPS PO


Comparison of RBI Grade B vs SSC CGL vs SBI PO vs IBPS PO

RBI is the central bank of the country. SSC CGL is the most preferred recruitment exam to secure a job in central government.SBI is a prominent bank for any banking aspirant and qualifying in IBPS PO exams is necessary for jobs in public sector banks.


(A) Roles and responsibilities

Before you go for making a job decision, make sure you have understood their job profiles.Let us go through the roles and responsibilities of all posts/ designations:


1.RBI Grade B: Being the central bank of India, RBI ensures stability of interest rates and exchange rates.It also provides adequate liquidity in the systems and monitors the flow of credit to desired sectors.


So the roles and responsibilities of a RBI grade B officer is not similar to that of any other commerical bank but is framed keeping in mind the functions of reserve bank of India.


2.SSC CGL: Qualifying in SSC CGL exam will fetch you jobs in group B, C and D cadre in government sector.Since there are many posts available in central government departments and ministries, the job profile and responsibilities of each will differ.


In short, the jobs through SSC CGL carry a lot of prestige and status in the society in addition to the authority, provide while on duty.


3.SBI PO and IBPS PO: An officer selected through SBI PO or IBPS PO exam will have similar job responsibilities, as the common work environment is a bank.


Some of the common work performed by a bank PO (scale I) are:

  • Providing customer service to bank customers
  • Improving overall business of the bank
  • Handling of cash and payment clearance
  • Account management of customers
  • Official communication
  • Any other work specified by their seniors

(B) Salary

RBI Grade B: The initial gross salary of RBI grade B officer is approx Rs. 67,933 per month.The take home salary could be less than the above amount after deducting taxes, benefits and other allowances.


SBI PO: The total compensation for a PO in SBI, would be approximately Rs.7.93 lacs Rs.12.95 lacs / year, depending on the place of posting and other factors.


Therefore, the take home monthly salary of SBI PO could be approximately Rs.40,000 - 45,000 after deduction of taxes and allowances.


IBPS PO: Those appointed as PO in public banks through IBPS exams, may draw a salary of approx Rs.28 - 35,000 per month.


SSC CGL: SSC CGL jobs have salaries fixed as per central government norms, which are based on the pay commission rates.


Hence,the salaries range from Rs.30,000 to Rs.45,000 depending on the grade and department of posting.


Perks and Benefits

Along with salary, govt employees are also eligible for additional perks and benefits. What do these jobs offer? Let us take a look: 


RBI Grade B: Along with the salary, RBI Grade B officer also receives allowances which include dearness allowance, city compensatory allowance, house rent allowance, transport allowance etc.


Apart from the above, they are also entitled for reimbursement of expenses such as newspaper, telephone charges, dispensary, pension, subsidized loans etc.,


SBI PO: A probationary officer in SBI, along with their salary will get housing rent allowance or leased rental accomodation, medical benefits, group insurance leave fare concession, concessional interest rates in housing, car and personal loans etc.,


IBPS PO: Candidates who get selected for bank job through IBPS exam are also eligible for facilitites offered for an officer in SBI.The only difference would be the rate of compensation in public sector banks be less compared to SBI.


Perks and benefits received in SBI PO as IBPS PO are mostly similar due to the common banking sector.


SSC CGL: Jobs filled through SSC CGL are governed by indian government`s pay commission rules.Hence, employees of group B, C and D cadre get various benefits/ allowances related to accomodation, travel, entertainment etc.,


(C) Working Hours

Working hours is a crucial factor which influences a candidate’s choice of career. Let us take a look at the time schedule of all jobs:


RBI Grade B: The candidate needs to work only five days a week. The work timings of the daily schedule is from 9:15 AM to 5:15 AM.


SBI PO and IBPS PO: In case of both SBI PO and IBPS PO, the candidates need to work six days in a week. As per recent revision of the work schedule, the 2nd and 4th Saturdays are declared holidays.


The exact work time for bank employees depends on the work and the manager of that branch.But usually, the work starts at 9 AM and extends upto 8 PM.


SSC CGL: It will be a normal work day and some of the posts are regular desk jobs that will require you to go to work and come back home leaving you with enough time for hobbies.


However, some of the posts will require full time attention in the job. Posts of Inspector, Auditor will require longer hours of work and dedication.


(D) Work Pressure

Work pressure is another factor that may affect your productivity and your performance. Let us find out the work pressure associated with different job posts:


RBI Grade B: Being a RBI Grade B officer will require a high level of efficiency and competency. So you need to work hard if you fancy being a Grade B officer.


A RBI Grade B officer will work mostly in cities and you will have to handle a lot of intense work pressure. However, there will be fewer amount of transfers.


SBI PO and IBPS PO: Both in case of SBI PO and IBPS PO, work pressure is the same. As a probationary officer, the work pressure can increase to meet the nitty- gritties of the hour.You have to complete a task bestowed by a senior manager.


SSC CGL: SSC CGL jobs will mostly involve jobs in inspection, auditing, policing. You may also have to work on Saturdays and Sundays. Some of the jobs will involve intense work pressure, but some of the jobs will involve less pressure.


Jobs involving inspector, auditing will also involve lot of stress as some of them will involve working in a stressful environment.


(E) Growth & Career Path

Growth is one of the most important factors for an individual in a career. If a job doesn’t provide good growth, it’s high time to make a switch. Let us take a look at the growth associated with these jobs:


RBI Grade B: If you have joined as a RBI Grade B at a young age, you will achieve faster growth. The path of growth is as follows:

  • Asst. Manager
  • Manager
  • Asst. General Manager
  • Deputy General Manager
  • General Manager
  • Chief General Manager
  • Principal Chief General Manager
  • Executive Governor
  • Deputy Governor
  • Governor

SBI PO and IBPS PO: Both IBPS PO and SBI PO, promotions happens in every 2-3 years and the growth order is as follows:

  • Bank PO
  • Deputy Manager
  • Manager
  • Chief Manager
  • Asst. Gen Manager
  • Dy. Gen Manager
  • General Manager
  • Chief General Manager
  • Deputy Managing Director
  • Managing Director
  • Chairman

The hierarchy could differ slightly in each bank based on the titles given to cadres.


SSC CGL: Promotions in SSC CGL happens according to the post chose and the department posted.


While being a PO/ SO in bank, you need to face frequent transfers, in SSC there are certain posts where candidates are placed only in Delhi.In most of the posts, the frequency of transfer is very low.


Posts in SSC are more respectable and stable.There is good chance for an auditor to become senior auditor in 3 years and can reach upto DAG under frequent promotions:


1. Examiner can become Appraiser in 3 years.

2. Assistant Enforcement Officer can become Enforcement Officer in 4 - 5 years.

3. Income Tax Officer could become Assistant Commissioner in 5- 6 years, then Deputy Commissioner and finally Commissioner.

4. Assistant in CSS will be promoted to the next post – SO (which is a Group-B Gazetted Officer post) and can go upto Joint Secretary.


As a final verdict, we can tell you that every job position has its own advantages and disadvantages.So it depends on how wisely you make your decisions by going through all the points in this article on RBI Grade B Vs SSC CGL Vs SBI PO Vs IBPS PO.

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