►►► [CAREER] Which Job is better ? JOB after MBA vs IBPS/SBI banking JOB ? Help me to choose.

dashing.sujay said:

First of all I'll be not so _linient_ in replying, a bit harsh, so don't mind it.

40% in CMAT is too low mate. Going by it, I'm really sure you'll have a tough time qualifying "SSC/ IBPS/ SBI bank PO". Plus, I'm guessing you'd be on the verge of maximum age bar for most of these exams. (25-27). Also, IBPS, from next year has done throughout 60. It's the most easy _general exam_ at least what I feel. SBI is very tough, and so the SSC (hope you have seen the cut offs). But still, these exams can be cracked by regular hardwork, brilliancy is not much important.

First thing, don't even think about these colleges. They are pure crap.Anything below 99-98% in CMAT/MAT, and 85-80% in CAT is not worthy to opt, if you really want to secure your future on the basis of college.

Second, try for public sector opportunities as much as possible, because pvt sector won't be easy on your seeing your academic record and huge gap.

Third, don't get frustrated. Your require confidence now, and believe in yourself.

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sandeep410 said:

You wont get a 5 lakh package after your MBA from these colleges. They are all telling BS to you. If you cant get in top20 colleges in india for MBA then your MBA aint worth any thing.
My friend after spending some 7lakh for mba got a cool 2lakh package during placement.

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Mr.Kickass said:

Well, I'd add my two cents.

I had a really difficult time due to some circumstances. I couldn't really get what I wanted. The system is such that once you slacken a bit you're done. Especially after school. This is a race. More like an intense sprint-like marathon. You have to take in the competition factor. In other words, you have to beat others to get the job.

Private or Public doesn't matter if you just want a good job but there will always be two camps.

The private sector is good in that you get what you deserve. If you can show results then you're a hot hire. As far as other goodies are concerned that public jobs get you, then you do get some perks from certain companies such as health benefit, transportation facility, insurance coverage, no frequent transfers, no risk of being scrutinized by the public for day-to-day activities, no political pressure, no caste based or cadre based partiality(but nothing after retirement). The best reason to join the private sector is the pay. Salaries are really high for the able candidate. The only downside, if you can really call it that, being that you have no guarantee what's going to happen to you. Doesn't matter even if you're a high-up. It's all about profits but its not that bad as people make it sound. As long as you have the skills that have a market you're in.

Public jobs are another great option if you're the type to enjoy perks. There are a lot of benefits to getting such a job. The number one reason is obviously security. No matter what happens(except some scam) you will rarely lose your job. I'd have suggested you a route to get into a PSU but you didn't do B.Tech so my personal experience is not going to help you Banking sector is a good alternative but try to get a public bank job so that it will leave you with enough time for CAT/CMAT preparation, if you happen to write them in future(which you should)

That public job is a secure job so you should get is an outdated concept. People do not get that rich even after writing CSAT and becoming an IAS. They amass wealth through corrupt practises. This is an account by a real person which compares his life with his friends in private sector and though he is an IIT graduate the views expressed are in general applicable to any graduate
Is Civil services a good option ?

Looking at your situation I can see that you at least held on your own till you dropped out. You possess the eligibility but lacked the requisite training regime. Nevermind, all you need is an analytical mindset to succeed in exams like CAT/CMAT/SBI... The jobs will come once you show competence People here are right about advising you against joining some low rung institutes. You may have had a low score in CAT/CMAT but the preparation overlaps with that of SBI. I'm talking about quant.

I'll walk you through a certain plan. Considering you didn't score well you'll have to start from scratch. Though I'm no expert but most of my friends have done this. So any CAT experts please comment

Start with the fundamentals
Quantitative Aptitude For Competitive Examinations
(This should be the ideal starting point)

But supplement your studies with some reference. You know all you need is speed(with accuracy ofc) so read the following without fail
Vedic Mathematics
The Trachtyenberg Speed System of Basic Mathematics
(You can read either one as they both help you anyways)

If you find yourself constantly looking for some basic facts then never hesitate to go back to basics and read the school books
[Download]Mathematics Class X
(This is better than reading any other book as it will provide you with facts without BS)

Now this book needs no introduction and should be read at least once
How to Prepare for Quantitative Aptitude for the CAT Common Admission Test

I do not know much as I put my own preparation on a hiatus(hoping one day I'd enter FMS ) but there is this forum that will always be there for you no matter who you are, what you do(or did) and where you are right now. Just register and keep asking questions. Trust me, these people have tons of experience.
PaGaLGuY|India's largest MBA Education community

I hope this helps, however small it may be

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whitestar_999 said:

you will never earn more money in govt sector than pvt sector without corruption.psu bank po job has decent salary but big workload,SBI po has highest salary but also biggest workload.govt sector does not give special treatment based on your experience or qualification,it follows one post one salary rule.

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whitestar_999 said:

you can at least try because bank clerk gets much more free time & less transfers than bank po.however bank clerk experience will help you in getting into mba college(during interview round) but not much after that.

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dhm said:

and i will also try for sbi po bcz its also good job.. isn't it ?

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panzer88

OK folks,

This might be off season and completely off topic but give it a glance.

My intention is to help all you guys preparing for the IBPS PO exams to make a decision. To make you think before investing so much time in it.

First, something about myself so that you may be able to relate to what follows.

1) Male, General Category candidate with 78.6% and 75.8% scores in 10th and 12th respectively.

2) 2010 BE graduate from RGPV, Bhopal. 71.75%

3) 2008 July - 2012 October CAT aspirant; appeared 4 times, 2009 (69.09%ile), 2010 (77%ile), 2011 (96.57%ile) and 2012 (93%ile)

4) Worked in Tech Mahindra (Hyd) from 22 Mar 11 to 31 Oct 2013. Currently employed at Union Bank of India in a small and filthy town called Dahod (Guj-MP border).

What made me move from IT job to PO?

1) I didn't make it into the premiere B-schools so the future was looking very dark indeed. After the interview experiences in IIT Kanpur, Madras and IMT Ghaziabad (2012-2014 batch), it became very clear to me that my chances of getting selected in those institutions with the Male, General and engineer tag accompanied with the mediocre academics and zero extra-curriculars at any level; was ZERO.

2) Tech Mahindra ruined Satyam, since the merger in summer 2013, the company has been bombarded with employee un-friendly policies. Salary hikes were deliberately delayed by 9 months and no arrears were given. I worked at the same salary from May 2012 to 31 Oct 2013 (my last working day). They have 18 months as the pay revision period instead of the usual 12 in all other firms.

3) I worked in the CITI Bank project as a manual tester of mobile and tablet applications. Being a black-box test, I had no exposure to the scripting and there was no scope of automation in it (zero support from client and unwillingness to do anything by the project manager). What seemed like a stable project in July 2011, now turned into a big threat to my career in July 2013.

3) I wasn't able to secure any other job in any other company (Mar 13-Jul 13) so the situation was critical. That happened at Accenture, Bank of America and Capgimeni. The market prospects of a manual black-box test engineer are very-very bleak.

4) Things at the Citi Project (in which I was a manual tester) were also getting worst day-by-day. And to top it all, the Pr Mgr refused to release anyone of the project. With no exposure to Automation tools and working on the same applications for 20 months, no onsite prospects, and no value added to the career; my career at Tech Mahindra was as good as doomed.

5) Family pressure (biggest). As per Dad, I would have a better salary (I knew better), will be able to take out time for myself and will be able to return home. I am from Bhopal; if one works in IT, the closest he can get to that place is Indore (that too at the price of growth). There was this “return home” factor too; but even though reality stared me in the face, I refused to believe it. I can never settle down in a place like Bhopal; it has to be one of the metros.

Now let me come to the part where most will be interested in:

Today is Saturday, half working day in banks, right? Well I entered my room at 8 PM. Life as a PO is HELL (or at least mine has been). I will take the above points and compare MY EXPERIENCE in IT and PO.

Time: As a PO, you will start your work as scheduled but there is no time to stop/end your work. I am sure that may also be the case with most IT professionals but I had fixed working hours 2PM to 9:15PM with breaks involved in between. You have no lunch hour in a bank (in Gujarat at least) and the day can end any time between 6:00PM to 9:00PM (Ya! 10:30-11:00 hour working day is possible)

Work Environment: In IT, you will have a cabin shared by 3 others (in most cases) with carpet floor, AC cabins, peaceful work environment, hygienic and you will like it. Your PC in front of you, earphones plugged in your smart phone and that connected with your charger. In the bank, your phone will still be connected to the charger but you won't be listening to anything other than noise. Branches are terrible (except for metros and other big cities). As far as ergonomics go, banks suck. In an IT firm, you will have a cafeteria and a fixed time for lunch but in case of PO stationed in a branch (not in a big city), there is no “lunch-time” or provision for food. So things are bad.

Salary: My CTC at Tech M was 3.85lpa so I got 29500 in hand every month (after all deductions). CTC in the bank (as told by the HR) is 5.56 lpa but my in-hand salary is 25000-26500 every month. If I include the rent and petrol (which I don't avail at the moment), the monthly compensation will round off to 33K-34K. The overall salary structure is: 14500 (basic) + 14500 (DA) + 160 (newspaper) + 450 (entertainment) + 500 (Mobile) + 30lt petrol (bill based) + 3850 (Rent) – 200 professional tax – 100 (education cess) – 2500 (PF) – 400 (misc). Both salaries are barely enough to support one person but not a life partner. In IT, you can increase radically by switching but there is no such option in banks.

Risk Factor: In IT, you are dealing with software and if something goes wrong today it can be fixed tomorrow. In banks, nothing can be left for tomorrow. Everything needs to be completed the same day and there can be NO mistakes. Any discrepancy and the officer (you) have to pay for it from your wallet. And I am not talking about 100-1000 range, the amount can be as small as Rs 10 and can be as big as 10 lakh, it will be taken from you. People have lost jobs, quit in the middle of their career because of such policies. If you give a person wrong medicine, he won't be angry, give him Rs 10 less and he will be ready to kill you (in Gujarat at least)

Leaves: Being a sarkari naukri, banks should win hands down in this department right? WRONG; IT wins this round too. You have 5 working days in IT, in banks its 6 days. In IT you take 2 days leave and you can go home easily. In banks even if you manage to secure that leave you won't be getting much time at home. Leaves are credited to your account on 1st January in banks for the entire year, although it may sound good but the catch is for those of you joining in April-May, you won't have a single leave in your account till 1st Jan next year. Even after that, if you get posted in small branches (2-4 officers) securing leave will always be a problem.

Respect/Decency: In IT, no matter how bad a person is, he/she HAS to BEHAVE (in south at least, I've heard things get out of hand in NCR area). Talks will be done in a decent tone and in a dignified way. People know how to talk and communicate. In banks, the customers will thrash you, your bosses will verbal-rape you in front of the entire staff (have seen this happening to my BM). No decency in language and no respect from anyone. People will treat you like absolute garbage because you have no powers and because the nationalised banks have gone down the “Customer is God” lane, you are the absolute scumbag out there. Any complaint lodged will not be closed till the customer gives in writing that he was satisfied by the action taken.

Transfers: Will be random and it can be anywhere in the country. Female candidates will always get preference and we will be hacked every single time.

Job Security Vs Satisfaction: Yes, there is no one that can take away this job from you but in the end, I tend to ask myself one simple question “Is this how I wanted my life to be?” And I get a big NO as the answer.

Things are so bad here that I am practically depressed 24X7 and have thought about suicide many times (yes suicide!!). I used to be a good person with logical thinking and a good personality and I studied hard just as I worked hard. I deserved better.

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whitestar_999 said:

SBI PO salary is not bit higher but much higher.in hand salary of a typical bank po in semi-urban/rural area is ~29k while the in hand salary of a sbi po in similar area is ~39k.difference is even bigger in urban/major cities.

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