In this post I am going to tell you about comparison and analysis between ICICI Bank PO vs SBI PO. This is the right time for comparison as Probationary Officer Recruitment for both banks has been announced. I am not going to tell you which one is a better job as that decision you have to take. However I will make a comparison on a few important parameters which may help you to take the decision.
ICICI Bank PO vs SBI PO
Salary and Perks:
In the public sector banks and particularly in SBI there are very attractive salary and perks. In the recently announced Probationary Officers vacancies of SBI the bank has mentioned following about the salary and perks of Probationary Officer.
Presently, the starting basic pay is Rs. 27,620/- (with 4 advance increments) in the scale of Rs. 23700-980/7-30560-1145/2-32850-1310/7-42020 applicable to Junior Management Grade Scale-I. The official will also be eligible for D.A, H.R.A/Lease rental, C.C.A, Medical and other allowances & perquisites as per rules in force from time to time. The total compensation per annum would be a minimum of Rs. 7.55 lacs and maximum of Rs. 12.93 lacs depending on place of posting.
For more details about the salary of SBI PO you can also read my detailed article on SBI PO Salary.
The salary in other public sector banks is also very good but not as good as that of SBI.
As far as salary of ICICI Bank PO is concerned, the Probationary officer salary of an ICICI bank candidate at the time of joining is about Rs. 34600.00 per month, including all the benefits and pay perks. The annual salary accounts to little more than 4 lakhs rupees, which are almost half to that of SBI.
Work Pressure: Work pressure in ICICI bank and in SBI is almost similar. In both bank there is a lot of pressure on Bank Probationary Officers. Bank PO jobs in both the bank is very demanding.
Career Progression: In both banks there are good promotion opportunities for deserving candidates. Therefore on this front we can say that in both banks there are good opportunities for career progression.
Therefore you can analyze the difference between ICICI Bank PO vs SBI PO. However the purpose of this analysis is not to criticize any of the jobs. Both the banks are leading banks of the country. SBI is the largest bank of the country and ICICI is the largest private sector bank. Further, the salary mentioned in the article is based on the information collected through various resources on web.