►►► [CAREER] Which Job is better ? JOB after MBA vs IBPS/SBI banking JOB ? Help me to choose.

[dhm]

ssc-cgl is how much better than po job ?? and why??

 

[whitestar_999]

any ssc cgl interview post job is far better than any bank po job & except inspector of posts job any ssc cgl interview post job is even better than sbi po.even some of the top-end non-interview posts(like that of auditor) are better than any bank po job except sbi po.this also means it is the toughest to get into not to mention being a 100% govt job(no bank or psu job is full govt job) has its benefits in real life.however because of various cheating scandals it takes at least 1.5 years to get the joining letter after giving pre exam of ssc cgl & clearing it & all the next stages.

 

[dhm]

hmm is salary more?,and i read somewhere that workload is more for ssc than bank po..is it right??

 

[whitestar_999]

except sbi po all ssc cgl interview have more salary & after next pay commission revision most likely these salaries will surpass even sbi po.non-interview posts like auditors have slightly less salary than bank po.as for workload i think you read opposite.here is an informative post by someone who worked in IT & working as bank PO:
*pagalguy.com/forums/jobs-and-careers/my-life-bank-officer-t-64619/p-19787066/

panzer88

OK folks,

This might be off season and completely off topic but give it a glance.

My intention is to help all you guys preparing for the IBPS PO exams to make a decision. To make you think before investing so much time in it.

First, something about myself so that you may be able to relate to what follows.

1) Male, General Category candidate with 78.6% and 75.8% scores in 10th and 12th respectively.

2) 2010 BE graduate from RGPV, Bhopal. 71.75%

3) 2008 July - 2012 October CAT aspirant; appeared 4 times, 2009 (69.09%ile), 2010 (77%ile), 2011 (96.57%ile) and 2012 (93%ile)

4) Worked in Tech Mahindra (Hyd) from 22 Mar 11 to 31 Oct 2013. Currently employed at Union Bank of India in a small and filthy town called Dahod (Guj-MP border).

What made me move from IT job to PO?

1) I didn't make it into the premiere B-schools so the future was looking very dark indeed. After the interview experiences in IIT Kanpur, Madras and IMT Ghaziabad (2012-2014 batch), it became very clear to me that my chances of getting selected in those institutions with the Male, General and engineer tag accompanied with the mediocre academics and zero extra-curriculars at any level; was ZERO.

2) Tech Mahindra ruined Satyam, since the merger in summer 2013, the company has been bombarded with employee un-friendly policies. Salary hikes were deliberately delayed by 9 months and no arrears were given. I worked at the same salary from May 2012 to 31 Oct 2013 (my last working day). They have 18 months as the pay revision period instead of the usual 12 in all other firms.

3) I worked in the CITI Bank project as a manual tester of mobile and tablet applications. Being a black-box test, I had no exposure to the scripting and there was no scope of automation in it (zero support from client and unwillingness to do anything by the project manager). What seemed like a stable project in July 2011, now turned into a big threat to my career in July 2013.

3) I wasn't able to secure any other job in any other company (Mar 13-Jul 13) so the situation was critical. That happened at Accenture, Bank of America and Capgimeni. The market prospects of a manual black-box test engineer are very-very bleak.

4) Things at the Citi Project (in which I was a manual tester) were also getting worst day-by-day. And to top it all, the Pr Mgr refused to release anyone of the project. With no exposure to Automation tools and working on the same applications for 20 months, no onsite prospects, and no value added to the career; my career at Tech Mahindra was as good as doomed.

5) Family pressure (biggest). As per Dad, I would have a better salary (I knew better), will be able to take out time for myself and will be able to return home. I am from Bhopal; if one works in IT, the closest he can get to that place is Indore (that too at the price of growth). There was this “return home” factor too; but even though reality stared me in the face, I refused to believe it. I can never settle down in a place like Bhopal; it has to be one of the metros.

Now let me come to the part where most will be interested in:

Today is Saturday, half working day in banks, right? Well I entered my room at 8 PM. Life as a PO is HELL (or at least mine has been). I will take the above points and compare MY EXPERIENCE in IT and PO.

Time: As a PO, you will start your work as scheduled but there is no time to stop/end your work. I am sure that may also be the case with most IT professionals but I had fixed working hours 2PM to 9:15PM with breaks involved in between. You have no lunch hour in a bank (in Gujarat at least) and the day can end any time between 6:00PM to 9:00PM (Ya! 10:30-11:00 hour working day is possible)

Work Environment: In IT, you will have a cabin shared by 3 others (in most cases) with carpet floor, AC cabins, peaceful work environment, hygienic and you will like it. Your PC in front of you, earphones plugged in your smart phone and that connected with your charger. In the bank, your phone will still be connected to the charger but you won't be listening to anything other than noise. Branches are terrible (except for metros and other big cities). As far as ergonomics go, banks suck. In an IT firm, you will have a cafeteria and a fixed time for lunch but in case of PO stationed in a branch (not in a big city), there is no “lunch-time” or provision for food. So things are bad.

Salary: My CTC at Tech M was 3.85lpa so I got 29500 in hand every month (after all deductions). CTC in the bank (as told by the HR) is 5.56 lpa but my in-hand salary is 25000-26500 every month. If I include the rent and petrol (which I don't avail at the moment), the monthly compensation will round off to 33K-34K. The overall salary structure is: 14500 (basic) + 14500 (DA) + 160 (newspaper) + 450 (entertainment) + 500 (Mobile) + 30lt petrol (bill based) + 3850 (Rent) – 200 professional tax – 100 (education cess) – 2500 (PF) – 400 (misc). Both salaries are barely enough to support one person but not a life partner. In IT, you can increase radically by switching but there is no such option in banks.

Risk Factor: In IT, you are dealing with software and if something goes wrong today it can be fixed tomorrow. In banks, nothing can be left for tomorrow. Everything needs to be completed the same day and there can be NO mistakes. Any discrepancy and the officer (you) have to pay for it from your wallet. And I am not talking about 100-1000 range, the amount can be as small as Rs 10 and can be as big as 10 lakh, it will be taken from you. People have lost jobs, quit in the middle of their career because of such policies. If you give a person wrong medicine, he won't be angry, give him Rs 10 less and he will be ready to kill you (in Gujarat at least)

Leaves: Being a sarkari naukri, banks should win hands down in this department right? WRONG; IT wins this round too. You have 5 working days in IT, in banks its 6 days. In IT you take 2 days leave and you can go home easily. In banks even if you manage to secure that leave you won't be getting much time at home. Leaves are credited to your account on 1st January in banks for the entire year, although it may sound good but the catch is for those of you joining in April-May, you won't have a single leave in your account till 1st Jan next year. Even after that, if you get posted in small branches (2-4 officers) securing leave will always be a problem.

Respect/Decency: In IT, no matter how bad a person is, he/she HAS to BEHAVE (in south at least, I've heard things get out of hand in NCR area). Talks will be done in a decent tone and in a dignified way. People know how to talk and communicate. In banks, the customers will thrash you, your bosses will verbal-rape you in front of the entire staff (have seen this happening to my BM). No decency in language and no respect from anyone. People will treat you like absolute garbage because you have no powers and because the nationalised banks have gone down the “Customer is God” lane, you are the absolute scumbag out there. Any complaint lodged will not be closed till the customer gives in writing that he was satisfied by the action taken.

Transfers: Will be random and it can be anywhere in the country. Female candidates will always get preference and we will be hacked every single time.

Job Security Vs Satisfaction: Yes, there is no one that can take away this job from you but in the end, I tend to ask myself one simple question “Is this how I wanted my life to be?” And I get a big NO as the answer.

Things are so bad here that I am practically depressed 24X7 and have thought about suicide many times (yes suicide!!). I used to be a good person with logical thinking and a good personality and I studied hard just as I worked hard. I deserved better.

 

[dhm]

man, i think the guy mentioned in quotes has serious issues with his mind setup...
even one can touch skies through banking and i can give examples of it....
1 case cannot undermine the benefits of po/or other sarkari job as i have also from it background with good academics ,but i was 24x7 frustrated when i did that it job from past 2 years .. so i think it matters person to person ,some people feel good in IT others like me instead being a fantastic IT knowledgeable and its lover (still),still i hate how pvt companies make fool n ruin the employees for its benefits ..

now i have moved on from IT to banking , i will not back down again..... this time it will be cat/sbi po/ssc n sideways i will do IT work in leisure (my way)

rest god will se....

 

[dashing.sujay]

SBI job seems over rated here, every PO is more or less same with SBI giving a bit higher salary than others.

 

[whitestar_999]

SBI PO salary is not bit higher but much higher.in hand salary of a typical bank po in semi-urban/rural area is ~29k while the in hand salary of a sbi po in similar area is ~39k.difference is even bigger in urban/major cities.

i agree that example is a bit extreme but no one can deny the fact that life as a bank PO in initial 7-8 years is quite taxing & the job nature is monotonous so it is better to be mentally prepared for this job's stress which many are not because of misinformation.e.g.looking at SBI PO glitzy ads in major newspapers a newbie wouldn't believe that sbi po sometimes has to work 12 hours a day even in probation period(actual experience of some people in sbi po 2013 batch gujrat circle).these are the people who gets hit the hardest after facing harsh realities of bank po job.if you are prepared to work hard & have some interest in banking sector then bank po job offers great opportunities but if you like to live your life easy(or at least in big/metro cities) & have no financial burdens then this job is not for you.

 

[dashing.sujay]

SBI PO salary is not bit higher but much higher.in hand salary of a typical bank po in semi-urban/rural area is ~29k while the in hand salary of a sbi po in similar area is ~39k.difference is even bigger in urban/major cities.

Who told you in hand salary of SBI is 39k ?

One of my seniors got selected in 2012 and currently posted in nagpur, and doesn't get any where near to that. The major difference is in perks ranging from 5-20%.

 

[whitestar_999]

my friend is currently posted in some small town of gujrat(2013 batch) & he gets ~38-39k in hand(including all perks but excluding lease).

 

[dashing.sujay]

Ok, will ask and confirm as I had asked him long before.