Why government job aspirants prefer Bank PO as a Career option?

Banking sector provides a prestigious career option to the graduates of our country. There are various other reasons behind the exclusive choice for bank jobs in public sector banks besides a prestigious career one these can be evaluated as below:

1. Career as a Probationary Officer offered in nationalized banks is very attractive. The ride is very encouraging as the promotion opportunities are immense with a good hike in the salary. When anyone joins as a PO will have to spend two years of probation. This is a very comfortable period as a candidate learns various functions and fundamentals related to bank routine work. It is followed by a screening process which will be based on your performance. After probation period is over PO is promoted to higher level of Middle Management Grade with SCALE II and those who did not perform well are given Junior Management Grade with SCALE I.  You may also go for Bank Coaching Chennai for worthy result.

Besides promotions, banks also offer various opportunities where employees are given a chance to be posted abroad. It gives full justice to the high performing candidates as they get high management promotions in a short span of time which is rare seen in other government jobs.

2. Promotions with significant hikes in Salary makes bank jobs as high earning career with various other benefits based on the basic pay scale they are assigned to. Career starts with Scale I officer and ends with a high grade officer or manager. Dedication and hard work is genuinely appraised in banking sector which makes the promotion process quick and satisfying for the employees. Bright candidates reach to the level of General Manager or Executive Director or Chairman within a period of 14 years. These promotions, at times, gives an opportunity to work abroad as many public sector banks have branches outside the country also.

GRADE AND POST	SALARY PACKAGE
Junior Management Grade – Scale I: Officer i.e. PO	23700 – 980 – 30560 – 1145 – 32850 – 1310- 42020
Middle Management Grade – Scale-II: Manager	31705 -1145 -32850 -1310 -45950
Middle Management Grade – Scale III: Senior Manager	42020 -1310 -48570 -1460 -51490
Senior Management Grade – Scale IV: Chief Manager	50030 -1460 -55870 -1650 -59170
Senior Management Grade Scale V: Assistant General Manager	59170 -1650 -62470 -1800 -66070
Top Management Grade Scale VI: Deputy General Manager	68680 -1960 -76520
Top Management Grade Scale VII: General Manager	76520 -2120 -85000
Executive Director (ED)	Approx 1.5 + lac
Chairperson and Managing Director (CMD)	Approx 2 + lac

Note: – Salary of IBPS PO may be vary depending on the location of the postings given by banking authorities.

These are the basic reasons for bank jobs to be more attractive than any other public sector jobs.