Top 10 Reasons to Choose SBI Bank Job as a Career
State Bank of India (SBI) is one of the oldest and largest banks of India in the banking and financial sector. It is a Government owned corporation and headquartered in Mumbai, Maharashtra. It also stands as a one of the largest employers in the country with close to 25,000 employees located in various parts of India. SBI also offers a lot in terms of employee benefits.
This article lists down the top 10 reasons to choose SBI Bank job as a career.
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1. Good paycheck and growth:
Banking industry offers good money. The salary is based on the grade. The bank also offers good benefits and perks like minimum Rate of Interest on loans, Medical benefits, and Pension benefits and so on. The system is transparent in the process of performance evaluation and appraisals. The top performing employees are also offered training for leadership through special training programs from the premier institutes like Harvard, ISB, IIMs, and Stanford. As such there is no limit to one’s growth. It truly depends on the candidate’s performance to reach the top ranks.
2. Team Learning:
SBI provides opportunities to its employees to work in teams on various projects such as the branches, mobile banking etc. The employees also engage in keeping themselves on social media platform to exchange ideas among employees and promote interaction with the top management personnel at SBI.
3. Comprehensive Development:
State Bank of India is a bank with over 1000 different roles across different verticals. Due to this reason, there is a possibility of varied roles. Job rotation every 2 or 3 years is a mandate.
The employees get a wide exposure and the learning goes on due to its dynamism. SBI also provides opportunities to the meritorious employees to explore different financial services such as insurance, investment banking, asset management, credit cards etc.
4. Office Bonding:
The management provides an environment to develop great bonding among the employees. It conducts fun events and intra-bank competitions to increase the office bonding. Employees are provided with various opportunities to explore their passion and involve themselves in programs like SBI youth India where they get to work on rural development projects with experienced NGOs.
5. Discover Global Banking:
SBI has around 190 foreign offices in 36 different countries and stands as the largest Indian Bank in the foreign market. The meritorious employees get an opportunity to work abroad for 3 to 5 years.
6. Handling Gender Diversity:
SBI takes special care in handling gender diversity. It gives special care to the women employees. SBI is the only public sector where women can take time off and take sabbatical leave for 2 years for any personal commitments. It has a strict policy on prevention of sexual harassment at work place.
7. Career graph:
Each employee has a unique career path. The employees are trained and groomed to perform all the tasks, eventually, they have the freedom to choose their area of interest and build expertise. Employees get promotion opportunities every 3 to 4 years.
8. Job Security:
It is a known fact that a job in the public sector is a secured one even after your stint in the service. The opportunities are provided at work for ones’ growth and it is considerably a secured job without the constant fear of being fired.
9. Salary and perks:
SBI offers better pay compared to any other public sector jobs. This factor is enough to attract the young graduates to look forward to this dream job with sufficient preparation. SBI is also considering other smart compensation packages at the discretion of the employee so as to monetize their certain allowances.
10. Fortune 500 Bank from India:
The SBI is the largest banking and financial services organization in India with an asset base of Rs. 2,000,000 Crores. It has 16,000 branches across the nation. SBI is the only bank in India labelled as fortune 500 organizations and the second most valuable bank in India.
These top 10 reasons are more than enough for someone to get inspired and prepare for the PO exams.