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The SBI PO (Probationary Officer) post is one of the most coveted bank jobs in India. It is therefore very competitive. SBI has invited applications for recruitment of circle-based officers (CBO). There are total 3850 vacancies for SBI CBO. This is also expected to be very competitive. Neither can be taken lightly, but your best companion through this is the Entri App. It provides tons of Mock Tests and Quizzes along with Online Classes and Video Lectures. It will provide you with an edge over other competitors.
SBI PO vs SBI CBO
In this segment, we will analyse both SBI PO and SBI CBO Job profiles. This will provide you with a comprehensive idea of both career paths. Although, the final decision rests with you. This article will serve as a guideline to help overcome the dilemma.
You can access the SBI PO Job profile here. However, I will provide the essential details in this article. These details are the ones that can influence your decision greatly.
In the probationary period, they learn more about the functioning of the banks and duties related to their profile. Usual responsibilities of a PO include Customer Services, supervision of clerical work, Loan Processing, etc.
Career Growth and promotion aspects are very good. That is a prime reason why a lot of the youth try to aim for this career path. Your tenure as a PO can last 6-7 years. During this period, you may be assigned to various departments. It also has a lot of public exposure. The promotion path usually follows this:
Deputy Manager (MMGS)
Chief Manager (MMGS)
Assistant General Manager (SMGS)
Deputy General Manager (TEGS)
Chief General Manager (TEGS)
General Manager (TEGS)
This is probably why a lot of aspirants are incentivized to perform well in the exams and interview. This is a lucrative career path for a lot of people.
For first 7 years: Basic Pay: 23700; Increment: 980
For next 2 years: Basic Pay: 30560; Increment: 1145
Another 7 years: Basic Pay: 32850; Increment: 1310
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The State Bank of India (SBI) has invited applications from eligible commercial/ schedule bank employees towards the SBI Circle Based Officers (CBO) positions. Across India, SBI will hire 3850 candidates for 07 circles.
They will join as circle based officers and will have to serve a probation period of 6 months. During probation, their consistency and effectiveness with the work are observed. Most of the work is as similar to the post of SBI PO.
The circles are Ahmedabad, Bengaluru, Bhopal, Chennai, Hyderabad, Jaipur, Maharashtra. Candidates who shall be recruited as Circle Based Officers will be on a probation for a period of 6 months.
Continuous assessment will be done during the 6-month probation to determine if the candidate is fit and suitable for the post. After completing the probation and qualifying the assessment, candidate will be confirmed in the service of the Bank in Junior Management Grade Scale-I (JMGS-I). Selected candidates in general cadre and will be governed by the promotion policy applicable for Bank’s general cadre officers. Therefore, it is a very attractive career option. The selected candidates will not be entitled to inner-circle transfer up to his/ her promotion to SMGS-IV Grade OR 12 years of service, whichever is later.
The Starting Salary of Recruited Candidates is in the scale of JMGS-1. That will translate to Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020).
In this article, we have listed out the aspects that will be influential in your decision. Do not hurry, analyse the Job profiles and weigh out the Benefits. SBI PO has been around longer and SBI CBO is relatively new. But, do not let that deter you. SBI CBO being relatively new, has lesser completion relatively. But either way you go, there is a requirement of hard work. To help you through these phases, choose the Entri App. It is the best preparation companion. However, take care of your Physical and Mental health during these preparation periods. This is a good time to prepare. Good Luck.