The State Bank of India has postponed the SBI PO exams on account of the COVID- 19 pandemic that has gripped the world. This means that the candidates appearing will have more time to cover the SBI PO Syllabus which can be exhaustive even for experienced candidates.
Termed as one of the most difficult competitive exams in the government sector, one may wonder why so many candidates dedicate 2-3 years sometimes even 4 years for SBI PO. If the first thing on your mind is SBI PO Salary, then let's say there is more to it than meets the eye.
Last year, in 2019, about 11 lakh students applied for SBI PO of which only about 6200 candidates qualified the exams. Such great inequality definitely makes one question to understand why SBI PO is a favourite among students aspiring for a bank job.
This article will be an answer to, ‘WHY SBI PO?’
Compensation
Since salary is the first thing that crosses everyone’s mind, let us discuss how salary is one of the motivating factors for SBI PO. The salary offered by SBI is the finest in the industry. The Bank also provides a lot many perks and benefits to the employees. There are many benefits such as:
Leave Travel Concession (LTC)
50% Contribution to Pension Scheme by the Bank
100% Medical aid for self
Upto 75% Medical aid for family
Employee concession on Home/ automobile loans
Growth prospects
The State Bank of India merit. Every employee is given the opportunity to grow based purely on merits. There are many training programmes set up by the SBI that encourage grooming of employees that show mettle. There are about 47 Learning Centres and 5 Apex institutes for training and development of the best in the Bank. The Bank offers about 300 e-learning lessons and 30 of these are designed by Harvard.
Office commaraderies
Every occasion is an excuse to celebrate at SBI. SBI celebrates a lot of events and festivals as a means to provide each employee to make friends for life, making this your second home.
Cultural bonding
The SBI recruits candidates all over the country. This allows employees to get to know other employees belonging to different cultures and states. Such an opportunity helps you evolve as an individual as cultural bonding enables widening of your perspective to look at the world through a different lens.
Overall growth
As an SBI PO, every candidate is expected to complete a minimum of 2 years in rural posting. The candidates are provided with the best yet modest accommodation and customers are people belonging to the lowest of economic background. This teaches employees empathy and compassion. Post the rural posting, the employees are transferred to different parts of the country. Different branches means different customers from varied economic backgrounds. Job postings to different parts of the country helps in the overall development and growth of an individual.
It’s all in the name
SBI is one of the biggest brands in the country. It is the only Fortune 500 bank in the country that promotes inclusion with about 20% of the female gender. It is the largest bank in the country with 24000 branches across the globe, making it one of the best organizations to work with.
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