GOVT. V/S PRIVATE SECTOR BANKS FOR CAREER PLANNING

Govt. V/s Private sector banks for career planning
Govt. V/s Private sector banks for career planning

GOVT. V/S PRIVATE SECTOR BANKS FOR CAREER PLANNING

 

During career planning, traditionally students want to join Govt. sector. But it is not possible for everyone to get Govt. Job. In this post, Govt. V/s Private sector banks for career planning has been shown.

 

Due to the scarcity of jobs in core engineering sectors, many engineering graduates are joining the Banking Sector also through IBPS. It may be possible that Initially there is lesser payment in Pvt. Sector & more work compare to Govt. Sector jobs.

 

But in Govt Sector, You will get a promotion after a long gap of 5-10 years. So you face payment differences & lesser flexibility in work culture. For your career, you must know the Govt. V/s Private sector banks for career planning.

 

I am aware of the Corporate issues of Smt. Chanda Kochhar. The topic has no concern to the present status of Smt.Chanda Kochhar. Also, such an incident has no impact on this comparison between Govt. V/s Private sector banks for career planning.

 

The below-given comparison shows the original Salary difference between Govt & Pvt. sector. For illustration purposes, I have considered an example of a Bank’s CMD payment parameters. It will help you to understand Govt. V/s Private sector banks for career planning.

 

All Data is as of Feb 2015. Since the post is about the comparison of payments of CMD regarding career planning, there is no need to update every time. Below mentioned Data are given in this sequence for illustration purposes only.

 


Sl No – Name & Post – Bank – Govt/Pvt – Approx Payment per annul (2013-14) – Approx stock Option – Basic Education

 

1. Chanda Kochhar & MD & CEO – ICICI Bank – PVT – 5.22 Crore – 2,90,000 – BA & MBA

2. Aditya Puri & MD & CEO – HDFC Bank – PVT – 6.06 Crore – 8,00,000 – B.COM & CA

3. Shikha Sharma & MD & CEO – Axis Bank – PVT – 6.34 Crore – 8,75,000 – BA in Economics & MBA (IIM Ahmd)

4. Romesh Sobti & MD & CEO – Indus Bank – PVT – 3.68 Crore – 7,00,000 – BCOM & CA

5. Arun Tiwari & Chairman & MD – Union Bank of India – Govt – 23 Lakhs – Nil – Msc in Chemistry

6. Arundhati Bhattacharya & – SBI – Govt – 17.95 Lakhs – Nil – MA

* Arundhati Bhattacharya took charge as Chairman SBI in OCT 2013,hence the lower pay.

7.  S S Mundra – BOB (Former) – Govt – 25.13 Lakhs – Nil – M.COM

8. V R Iyer – BOI – Govt – 21.82 Lakhs – Nil -Post-graduate in Commerce with CAIIB

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