IBPS PO vs SBI PO : Which is Better?


IBPS PO vs SBI PO –  Which is better?


It is observed in the last few years that the level of competition for banking exams increased. SBI PO – State Bank of India Probationary Officer is the recruitment exam for banking careers which is the largest of all exams for banking entrance. SBI is the largest commercial bank in India and this is the reason for many candidates to prioritize SBI over any other bank.

Institute of Banking Personnel Selection (IBPS) is responsible for conducting PO/MT CWE. This is the most awaited examination. Candidates who complete their graduation can apply for IBPS PO. This exam is a common entrance test for various banks across the country. An IBPS score is considered for various positions in the banking sector including the Probationary Officer. Except for SBI, an IBPS score can be used by a candidate to get a job in any of the 23 Public Sector Banks.

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Job Description of a PO

Working as a probationary officer is a very responsible job and a white collar job. It is an entry level job as a trainee in the bank sector for which the training will be for 2 years. Here are the responsibilities to be held by a probationary officer:

  • Any kind of bank work should be performed by a PO starting from a clerical job or an assistant type of job
  • The training is a practical exposure to various jobs of a bank like finances, marketing, accounting etc. and a PO should be able to perform all these tasks
  • After completing the training period, the probationary officer shall be posted in any designation based on his/her performance. For instance, you may be posted as an assistant bank manager where you have to do works such as passing a cheque, issue drafts, cash management etc.
  • Also, routine works such as scrolling, posting, account preparation are also to be done by a probationary officer.
  • The probationary officer has to verify all the work done by a bank clerk as well as supervise all the other works of a bank. Should have good communication skills in order to handle customers in a polite and smooth manner
  • A PO should be aware of all the latest developments of the bank. Also, a PO should be aware of all the decisions of the bank management by carefully understanding the circulars.
  • A PO takes and checks loan related documents and visits the site for verification before a loan is processed.

Career Path – IBPS PO vs SBI PO

The career path is the same for both IBPS and SBI PO. It is one of the best jobs compared to any other government job. The career path is as follows:

1. Scale I: Officer i.e. Probationary Officer

2. Scale II: Manager

3. Scale III: Senior Manager

4. Scale IV: Chief Manager

5. Scale V: Assistant General Manager

6. Scale VI: Deputy General Manager

7. Scale VII: General Manager

8. Executive Director

9. Chairman and Managing Director

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Salary and Perks – IBPS PO vs SBI PO

The salary of an SBI PO varies from that of an IBPS PO.

Basic Pay for a PO is Rs.23700 and Rs. 980 is the annual increment for an IBPS PO. An SBI PO is entitled to 4 increments at the time of joining. They are eligible for TA, DA, 7.75% of the basic pay as special allowance and HRA. HRA depends on the place of posting for SBI PO and hence the salary varies. Overall an SBI PO gets a total salary of Rs. 45000 approximately per month while an IBPS PO gets a total Salary of Rs. 38000 approximately per month.

The Perks vary from bank to bank and SBI is known to be offering the best perks to its employees in any designation. Hence, SBI PO is preferable than IBPS PO. Following is the list of perks offered for a PO in the banking sector:

1. Leased accommodation

2. Travelling Allowance

3. Newspaper Reimbursement

4. Medical Aid

5. Pension Benefits

SBI employees get complete medical aid for self and 75% for families. Considering this, they are paid Rs. 6000 more than any other bank PO

Exam Pattern – IBPS PO vs SBI PO

There is a lot of difference between the exam patterns of SBI and IBPS PO. Below is the description of the Exam pattern

Mains exam has one paper Mains exam has two papers
Objective type paper only Objective and Descriptive type papers
Objective has 5 sections Objective has 4 sections
Phase 3 is Personal Interview Phase 3 is Group Discussion

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Hence, both the exams vary a lot and need separate preparation. Overall if a candidate considers personal life and salary as a career prospect then SBI PO is the suited one.


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