Careers are meant to be lifelong and not for the short term. A person who joins an organization (private or government) should work there till he retires. Thus, it is very crucial to make an informed decision while choosing your career. Your hasty or wrong decision may make you suffer for a long time.
Making a career choice should depend on the following factors:
- Work profile– Are you receiving a work profile of your interest?
- Organization– Is the organization a big and sustainable brand to work for?
- Growth path & career ladder – Are there enough opportunities for growth in terms of status, position, money and work profile with time?
- Remuneration – Are the salary and other perks being offered are lucrative?
- Work-life balance– Does the job you are opting for the offer you the optimum work-life balance?
- Exit opportunities – What is your probable career path in case you quit this job in between?
Comparison between SEBI Grade A and RBI Grade B officers
Reserve Bank of India (RBI) is one of the most well-known and popular centralized bodies. RBI is a recognized autonomous body that engages in deciding the key rates that are being used in the banking and finance sectors. These particular key rates make the backbone of the monetary and fiscal policy in the country of India.
Securities & Exchange Board of India (SEBI) is another autonomous body for regulating the securities market & also defining the policies and rules for registered investors and companies.
Comparison of work profile
RBI recruits for the Assistant and Grade B positions directly. The RBI Grade B position is a managerial role where the major responsibilities include executing the policy decisions.
SEBI recruits for Grade A (assistant manager) position directly. In SEBI, your major work facilitates fair and easy trading practices and involves auditing & tracking people who are using some kind of unfair means. The job profile of SEBI Grade A officer will surely be like an entry-level auditor or a data analyst profile. A recruit is given more of the back-end works towards the starting, but as the person progresses in his career hierarchy, the role and work profile become people-intensive.
Comparison of remuneration
RBI Grade B Officer
The starting basic RBI Grade B salary of Rs. 35,150 per month, and they will be eligible for Local Allowance, Dearness Allowance, House Rent Allowance, Local Allowances, Grade Allowance and Family Allowance as per the rules that come in force from time to time. Presently, the initial monthly gross pay is approximately Rs. 67,933.
Apart from the above, there are certain perquisites that the officers can avail like the bank’s accommodation that is certainly subject to availability, vehicle reimbursement expenses, telephone charges, newspaper expenses, book grants, telephone charges and residence furnishing expenses. Also, free dispensary and reimbursement of medical expenses are provided to the officers, Advances and loans on concessional interest rates for Car, Housing, Consumer Articles, Education, Personal computer etc. Also, some employees are eligible for New Pension Scheme (NPS).
SEBI Grade B Officer
The incumbent will get a basic starting salary of Rs. 28,150. Apart from that, there are certain emoluments like Grade Allowance, NPS, Dearness Allowance, Special Allowance, Local Allowance, Family Allowance, etc. The starting take-home of an employee is Rs. 92,000 per month, and without accommodation, the gross is Rs. 62,000.
The other benefits include medical expenses, concession on leave fare, book grant, financial dailies, house cleaning allowance, conveyance expenses, computer purchasing schemes, home furnishing allowance, subsidized lunch etc.
After a detailed comparison of the jobs profiles of the SEBI Grade A and RBI Grade B officer, RBI Grade B can be concluded to be better than SEBI Grade A (Assistant Manager) position.
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