|Going by reports, the probationary officer post at SBI is appearing to be extremely lucrative for job-seekers in India. Last year, when SBI had announced details of its PO exam, it received 5.1 lakh applications for 1,000 posts across the country. However, this year, when they called for applications for 1,500 vacancies, the number of seekers shot to 1.7 million. A G Rao, MD at ManpowerGroup India, explains: "In a dull market, any good opportunity is seeing a more-than-usual number of applicants. And SBI ranks right up there in terms of good opportunities". |
Clearly, in this scenario of global economic slowdown, people are finding the bait of a more secure job quite attractive. The fact that, in the SBI PO exam, only the performance in the exam matters, and not past academic records, adds to the allure. The mention of the pay package completes the offer. For junior management grade Scale 1, the basic pay is Rs. 16, 900 along with DA and HRA, DA going up to Rs. 29,500 in Mumbai. Perks like medical benefits, loans at concessional rates, etc. are also given. In Mumbai, the package per annum is Rs. 8,00,000 plus.
If selected in the exam, probationary officers remain on probation for a period of 2 years, undergoing training. A confirmation test is conducted at the end, after which selected candidates go to the next grade Scale II - officer middle manager.
No wonder that the bank's attrition rate is said to be low. Other rewards include postings abroad, training at institutions like IIMs and job rotation.