Curious about the salary comparison and packages in the finance and banking industry?
There are three top job roles that professionals aspire to – SEBI Grade A, RBI Grade B, and IBPS PO. These positions not only come with prestige and important responsibilities but also offer attractive salaries.
With their high-demand skills, professionals in these roles can expect competitive pay. The finance and banking industry values talent and recognizes the hard work put in. The promise of a stable and rewarding career makes these positions enticing to those seeking financial stability and professional growth.
In this blog, we will compare the salaries of these sought-after roles, giving you an insight into the earning potential of SEBI Grade A, RBI Grade B, and IBPS PO. Let’s explore the salaries of these prominent job roles that attract many ambitious individuals in finance and banking.
SEBI Grade A
The SEBI Grade A exam is conducted by the Securities and Exchange Board of India (SEBI), the regulatory body that oversees the securities market in India. The exam is held to recruit Grade A officers who are responsible for regulating and enforcing rules and regulations to maintain transparency in the stock market.
SEBI Grade A Officer – Job Profile
- Regulating and supervising the functioning of the securities market in India
- Enforcing rules and regulations to protect the interests of investors and ensure market transparency
- Formulating policies and guidelines for market intermediaries, listed companies, and other stakeholders
- Conducting inspections and audits to monitor compliance with securities laws and regulations
- Investigating and resolving disputes, complaints, and violations related to securities transactions
- Collaborating with other regulatory bodies, government agencies, and international organizations to ensure effective regulation and coordination
- Educating and raising awareness among investors about their rights, risks, and investment opportunities
- Advancing market development and infrastructure initiatives to attract investments and foster capital growth
- Taking enforcement and disciplinary actions against entities found in violation of securities laws and regulations
- Participating in policy-making and regulatory initiatives through engagement with national and international forums.
SEBI Grade A- Salary Structure
The salary structure of SEBI Grade A officers comprises a basic pay, allowances, and other benefits. The basic pay of a SEBI Grade A salary has been increased from Rs 28,150 to Rs 44,500 / month. Further details on the Salary of SEBI Grade A Officer are given below.
| Post | Existing Salary | Revised Salary |
| Grade A Officer (Assistant Manager) | Pay Scale – Rs. 28150-1550(4)-34350-1750(7)-46600-EB1750(4)-53600-2000(1)-55600 (17 years).Salary – Rs. 1,15,000 per month (without accommodation) and Rs. 80,500 monthly (with accommodation)Benefits – Leave Fare Concession, Medical Expenses, Eye Refraction, Education Allowance, Financial Dailies, Book Grant, Briefcase, Conveyance Expenses, House Cleaning Allowance, Staff Furnishing Scheme, Scheme for Purchasing Computers, Subsidized Lunch Facility | Pay Scale – Rs. 44500-2500(4)-54500-2850(7)-74450-EB-2850(4)-85850—3300(1)-89150 (17 years)Salary – Rs. 1,35,000 per month (Approx.)Benefits – Special Pay, Special Functional Pay, Dearness Allowance, Local Allowance, City Compensatory Allowance, Family Allowance, Special Compensatory Allowance, Grade Allowance, Learning Allowance, Personal Fixed Allowance |
In addition to the basic pay, they are entitled to a Dearness Allowance (DA), House Rent Allowance (HRA), Transport Allowance, and Special Allowance. The DA is currently 17%, HRA ranges from 2% to 7% depending on the place of posting, Transport Allowance is Rs. 4250, and Special Allowance is 7.75% of the basic pay.
| Grade A Officer (Assistant Manager) Allowance | Amount (per month) |
| Special Pay | Rs. 3,300/- |
| Special Functional Allowance | Rs. 4000/- |
| Local Allowance | Rs. 3,450/- |
| City Compensatory Allowance | Rs. 2,500/- |
| Family Allowance | Rs. 2,850/- |
| Special Compensatory Allowance | Up to Rs. 1,20,850/- – Rs. 500/-Above Rs. 1,20,850/- – Rs. 625/- |
| Grade Allowance | 14% of basic pay, subject to a minimum of Rs. 10,400/- |
| Special Allowance | 16.4% of basic pay, subject to a minimum of Rs. 11,000/- |
| Learning Allowance | Rs. 2,500/- |
| Personal Fixed Allowance | Rs. 3,850/- |
Apart from the basic pay and allowances, SEBI Grade A officers also receive benefits such as medical facilities, leave travel concession, retirement benefits, and loans at subsidized rates. Overall, the salary of a SEBI Grade A officer can range between Rs. 85,000 to Rs. 1,00,000 per month, including all the allowances and benefits.
RBI Grade B
The RBI Grade B exam is conducted by the Reserve Bank of India (RBI) to recruit Grade B officers responsible for maintaining financial stability, regulating banks, and managing monetary policies. The exam consists of a preliminary exam, mains exam, and an interview. The exam tests the candidates’ knowledge of economics, finance, and English language skills.
RBI Grade B Officer – Job Profile
- Maintaining financial stability in the economy by formulating and implementing monetary policies
- Regulating and supervising banks and other financial institutions to ensure a sound and stable banking system
- Conducting economic and financial research to support policy decisions
- Managing foreign exchange reserves and external sector stability
- Conducting inspections and audits to monitor compliance with banking regulations
- Resolving banking-related grievances and complaints
- Promoting financial inclusion and literacy initiatives
- Coordinating with international agencies and representing RBI in various forums
- Implementing and managing government schemes and programs related to the financial sector
- Conducting market operations to manage liquidity in the banking system.
Salary Structure
The salary structure of RBI Grade B officers is quite attractive and competitive. Once you become an RBI Grade B Officer, you will be entitled to receive the salary under the pay scale of ₹55200-2850(9)-80850-EB-2850 (2) – 86550-3300(4)-99750 (16 years).
This clearly shows that an RBI Grade B Officer’s basic salary will be ₹55,200/ month which will include an RBI Grade B salary increment of ₹2850 which you may go on to receive up to 9 years of service. An increment of ₹3300 will be received after completing a further 4 years of service.
The RBI Grade B in hand salary mentioned in table below.
| Post | Salary |
| RBI Grade B Officer | Basic Pay – Rs. 55,200/-p.m. |
| Pay Scale – Rs. 55200-2850(9)-80850-EB-2850 (2) – 86550-3300(4)-99750 (16 years) | |
| Initial Monthly Gross Emoluments – Rs. 1,16,914/- (approximately) |
Along with the basic pay, they receive a DA, HRA, and other allowances. The DA is currently 17%, HRA ranges from 2% to 7% based on the place of posting, and other allowances include Grade Allowance, Family Allowance, and Local Allowance.
In addition to the salary and allowances, RBI Grade B officers receive several benefits such as medical facilities, accommodation, leaves, and loans at subsidized rates.
Here are some other RBI Grade B perks and allowances you will get apart from RBI Grade B Salary after selection.
- Loan and Advances facility at concessional rates of interest for Housing, Vehicle, Education, Consumer Articles, Personal computers and others.
- Fuel Allowance
- Maid allowance
- Sodexo coupons
- Mobile Allowance
- Briefcase Allowance
- Spectacles Allowance
The salary of an RBI Grade B officer can range between Rs. 80,000 to Rs. 90,000 per month, including all the allowances and benefits.
IBPS PO
The IBPS PO exam is conducted by the Institute of Banking Personnel Selection (IBPS) to recruit Probationary Officers (PO) in various banks in India. The exam is conducted in two phases, a preliminary exam, and a mains exam, followed by an interview.
IBPS PO – Job Profile
- Acting as a Probationary Officer in various banks in India.
- Dealing with customer queries and providing customer service.
- Assisting in the implementation of banking operations and procedures.
- Handling financial transactions and account management.
- Offering advice and guidance to customers related to banking products and services.
- Cross-selling bank products to customers.
- Evaluating loan applications and credit assessment.
- Assisting in branch management and operations.
- Maintaining and updating customer records and information.
- Resolving customer complaints and issues.
- Assisting in marketing and promoting bank services.
- Keeping up-to-date with banking regulations and policies.
- Collaborating with colleagues and teams for efficient banking operations.
Salary Structure
The IBPS PO salary is comparatively lower than SEBI Grade A and RBI Grade B. The basic pay for an IBPS PO is currently set at Rs. 23,700 per month.
| Salary | |
| Basic Pay | Rs. 36,000/- |
| Special Allowances | Rs. 5,904 |
| Dearness Allowances | Rs. 8,593.20 |
| City Compensatory Allowances | Rs. 1,400 |
| House Rent Allowance | Rs. 3,240 |
| Learning Allowance | Rs. 600 |
| Other Allowances | Rs. 1,552.50 |
| Gross Salary with HRA | Rs. 57,289.70/- |
| Net Salary | Rs. 52,630.38/- |
| Deductions: Various deductions such as Provident Fund (PF), Income Tax, and other contributions will be made from the gross salary. | |
Please note that the above salary structure is based on the 11th Bipartite Agreement and is effective from November 2017. Additionally, the salary structure mentioned above is subject to change based on future revisions or settlements.
Apart from the basic pay, they receive a DA, HRA, and other allowances. The DA is currently 17%, HRA ranges from 7% to 9% based on the place of posting, and other allowances include Special Allowance and Transport Allowance.
IBPS POs also receive benefits such as medical facilities, leave travel concession, and retirement benefits. The salary of an IBPS PO can range between Rs. 38,000 to Rs. 42,000 per month, inclusive of all the allowances and benefits.
An Overall Comparison
In terms of overall salary comparison, SEBI Grade A offers the highest package, with a gross salary of approximately INR 1,07,000. RBI Grade B follows closely behind with a gross salary of around INR 77,000, while IBPS PO provides a gross salary of approximately INR 45,000.
However, it is important to note that salary is not the sole determinant of a job’s desirability. Each of these roles has its own unique benefits, opportunities for growth, and job responsibilities.
Therefore, it ultimately depends on aspirants preferences and career goals to determine which role is better suited for an individual.
Preparing for the Exams:
In addition to considering the salary comparison, it is worth noting that students can take proactive steps to prepare for these exams. Starting the preparation process early can greatly enhance their chances of success.
- Mock Tests for Exam preparation:
One effective way to prepare is by taking Mock tests, which simulate the actual exam environment and help students familiarize themselves with the exam pattern and time management. These practice tests including RBI Grade B mock test, IBPS PO mock test and SEBI Grade A mock test allow individuals to assess their strengths and weaknesses and identify areas that require further improvement.
- Online Courses for Comprehensive Study Materials:
Another valuable resource for exam preparation is online courses specifically designed for these exams. These courses provide comprehensive study materials, expert guidance, and effective strategies for success. Online courses including RBI Grade B online course, IBPS PO online course and SEBI Grade A online course offer structured lessons, topic-wise quizzes, and mock tests that enable students to thoroughly cover the syllabus and build confidence.
- Using Previous Year Question Papers:
Practicing with previous year question papers is a crucial step in exam preparation. It allows students to understand the exam’s difficulty level, question pattern, and topic distribution. By solving papers including RBI Grade B previous year question papers , IBPS PO previous year question papers and SEBI Grade A Previous year question papers , individuals can gauge their readiness, identify recurring topics, and gain familiarity with the type of questions asked in the exams.
Conclusion
The salaries of SEBI Grade A, RBI Grade B, and IBPS PO differ significantly due to the differences in job profiles and responsibilities. SEBI Grade A officers enjoy the highest salary range, followed by RBI Grade B officers, while IBPS PO has a lower salary structure in comparison. However, it is important to note that the salary is not the only deciding factor for choosing a job role. Ultimately, one should choose a job that aligns with their interests and goals, rather than solely focusing on the salary package.