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Total monthly salary of bank po

Arpit Tati (none) (57 Points)

30 April 2014

Hi. I want to know the total monthly salary of a sbi PO. I read it's prospectus but it seems to be too high. Also i want to know, what will be the total monthly salary after 5 years.

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11 Replies

Deepshikha Agrawal (Student) (94 Points)
Replied 30 April 2014

It is around 8,00,000 pa in aggregate. It is strange but true. A CA fresher get around 3-4 lac pa only even after becoming CA. While a person can become PO with some good efforts and get a handsome package.

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Arpit Tati (none) (57 Points)
Replied 01 May 2014

But don't you think this is unfair to CA and other professionals working in private sector. Can anyone through some light on it, why this is so?

MEET GUPTA (CA Job) (176 Points)
Replied 01 May 2014

Noramlly for PO at Scale-I it will be around 30,000 pm....Plus you will get perqs of normally around 2000-3000 p.m. (may vary bank to bank)...for sbi it'll be around 34000/- p.m. plus extra perqs....every sector has its own requirement and pay structure which is not comparable...every CA has an opportunity to join banks and every banker has opportunity to become a CA...There are many CA freshers which start at packages of more than 8 lakh p.a. (though few in nos but now that depends on capability and luck of candidate)

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Arpit Tati (none) (57 Points)
Replied 01 May 2014

I was actually comparing the course content of both the courses. Bank Po has to study only four general subjects but in CA there are 4+7+8 = 19 subjects. But still bank po is much better job than CA. Can anyone through some light on it?

MEET GUPTA (CA Job) (176 Points)
Replied 01 May 2014

Nopes...PO generally refer to Scale I officer...whereas Banks recruit CA's directly for Scale II thus a CA will get higher entry scale + higher package....so CA ko special treatment milta hai :)

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Arpit Tati (none) (57 Points)
Replied 01 May 2014

So for a CA, which is better to apply? PO or SO, if he wants to enter in govt. sector. Also what's the other conditions like experience etc?

MEET GUPTA (CA Job) (176 Points)
Replied 02 May 2014

I assume SO means specialist officer...PO simply means an officer who is on Probation, so when u'll enter as SO on Scale II, you'll be a sort of PO......You should try to enter banking sector as SO at scale II...Normally no experience is required for Scale II for a CA.

Arpit Tati (none) (57 Points)
Replied 12 May 2014

What i actually wants to say is after reading so much heavy books, dedicating 5 years to the course, what we get is quite less than a govt employee. While i could have easily become po in govt bank in 6 months of studies and getting a handsome salary with an advantage of being govt employee. May be i am wrong but i need your arguments to make it clear. Thanks

MEET GUPTA (CA Job) (176 Points)
Replied 12 May 2014

Yes, U could have...then why didn't you choose it? Why U went for CA? Why you didnt go for Govt. Job??? Neither ICAI nor Govt. assures U of any package before going or Choosing this course...Its never written in the prospectus that after becoming CA u'll get ...lakhs of package....CA is a course and PO is a job....

But there are some advantages of CA also....A Govt. employee will get a fixed salary whereas if u have capability, knowledge, luck then with experience in practice u literally have no limit to your package....With CA, U have more opportunities for jobs and promotions in every sector which a bank PO wont have.....You will always have more status and respect than a PO provided U proove your worth as a CA....Having a professional degree will give u better edge and advantage in long run....

And what we sacrifised in our career choice is not the final determinant of our package, otherwise our soldiers who always put their life at risk 24 hrs. have a package less than that of a Govt Peon :)