SBI PO vs IBPS PO: Many aspirants for banking-related jobs ask which career route has more prospective scopes, SBI PO or IBPS PO. Indeed, both SBI PO and IBPS PO equally hold great values and afford scope for developing careers. They are counted among the most prestigious recruitment exams in the banking line. Candidates aspirants every year to take them. While hundreds of aspirants appear for both examinations, there is a basic difference between each one’s prospective career scope, salary benefits, and work environment.

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Here, we have compared two job profiles: SBI PO vs IBPS PO. It presents which of the two might be the most chosen career choice. It gives insight to the candidates into the selection processes, exam patterns, job profiles, work environment, salary, promotion, benefits, and much more for the two positions.

SBI PO vs IBPS PO Selection Process

SBI PO: Recruitment will be done only to select candidates for SBI Probationary Officers. The level of the SBI PO exam is tougher than that of the IBPS PO. The recruitment in SBI PO is undertaken through the following three stages:

• Preliminary Examination
• Mains Exam
• Group Discussion and Interview

IBPS PO: The Institute of Banking Personnel Selection (IBPS) conducts the Mock Selection Exam for Officers/ Administration Trainees in 11 Participating Organizations: Bank of Baroda, Canara Bank, Indian Overseas Bank, UCO Bank, Bank of India, Central Bank of India, Punjab National Bank, Union Bank of India, Bank of Maharashtra, Bank of India and Bank of Punjab and Sind. The selection procedure will be carried out at the following stages:

• Prelim-Test
• Mains Test
• Interview

SBI PO vs IBPS PO Exam Pattern

We have calculated below the differences between SBI PO vs IBPS PO posts.

Also read: IBPS SO Exam Date 2024 

SBI PO vs IBPS PO Salary

There are SBI PO vs IBPS PO Salary differences: The basic salary of the SBI Probationary Officer is Rs. 41,960/- (with four increments) in the scale 36000-1490/7-46430-1740/2-49910-1990/7-63840 applicable to the junior management degree. The scale Salary of SBI Probationary Officer is Rs.52000/ – to Rs.58000/- per month.

Whereas, IBPS PO revised basic pay structure (as per the 11th bilateral agreement) is Rs. 36000 – (980 x 7) INR ) – 42860 – (1145 x 2) – 45150 – (1310 x 7) – 54320 and own salary is Rs. 57,289 which may vary from place to place.

Additional Benefits

The advantages offered by SBI as well as other banks are the same; however, the amount of allowances is different.

Accommodation

Besides, the candidates selected as SBI PO can avail of rented accommodation, which is eligible to draw an amount ranging from Rs 8000 in class C cities to Rs 29500 in Mumbai.

In the context of the IBPS PO, the HRA is contingent upon the delivery point, fluctuating between 9%, 8%, and 7%. In certain locations, banks offer their accommodation for rent.

Medical Support

SBI offers medical assistance through the CGHS scheme, granting individuals a full 100% benefit, while their families receive 75% support. In the majority of countries participating in IBPS, banks offer medical care at a fixed amount, which is presently set at Rs. 8,000 per year.

SBI PO vs IBPS PO Job Works

• The job profile of an SBI PO vs. an IBPS PO is somewhat similar. Probationary Officers of SBI or other Public Sector Banks must perform the following duties.
• The primary activity of a PO is customer service. That includes all kinds of tasks dealing with customer inquiries, such as loans, opening new accounts, deposits, chequebooks, credit cards, online banking, and others.
• As POs are directly connected to customers, they have a crucial role in facilitating imports. They also bring new business by offering a variety of products and services, such as term deposits, recurring deposits, insurance, etc.
• Post offices also participate in customer account management, handling cash, such as cash payments and cash collection and payment.
• Other duties include safeguarding reports, official correspondence from other departments, etc.

Also watch: IBPS PO vs SBI PO Which Is Better

IBPS PO vs SBI PO Career Growth

SBI provides excellent opportunities for career growth, including international assignments. The huge banking giant’s promotion policy is so attractive that a deserving officer can quickly achieve Group A salary levels. IBPS PO is the lowest position in the management hierarchy. The career progression tracks of IBPS PO and SBI PO are shocking similarities. The number of appointments provided to the candidate after promotion are as follows:

• Junior Management Scale Grade I
• Middle Management Grade Scale-II or MMGS-II
• Grade Scale III Middle Level
• Grading Scale IV Top Management
• Senior Manager Grade Scale V
• Grade Scale VI for Top Management
• Top Management Grade Scale VII.
• Executive Director (ED)
• Chairman and Managing Director (CMD)

SBI PO vs IBPS PO FAQs

Q1 Is SBI PO better than IBPS PO?

Ans Yes, the SBI PO career is bigger and faster. SBI also offers better opportunities for international postings.

Q2 Are the SBI PO and IBPS PO Syllabus the same?

Ans: you can prepare for both IBPS PO and SBI PO exams together. Since the syllabus is almost similar,

Q3 Which Has a Higher Salary SBI PO or IBPS PO?

Ans SBI has a higher salary of Rs 58000 per month with additional perks.