The number of candidates interested to join the banking industry is on the surge for the last decade. This growth is the result of booming banking industry in the country with ever growing number of banks and branches across the nation. In a developing economy like India, banking sector had remained profitable even when the entire world was fighting hard with recession. The banking industry in India has the shock proof approach towards its financial accessibility that makes it a dependable industry. Due to the safety and security of jobs many aspiring job seeking candidates are moving towards public sector banks. The lack of suitable job opportunities in fields like engineering and management has also resulted in the growth of number of candidates applying for the banking jobs. Banks are attracting high end candidates towards its jobs through the competitive entry-level salaries and pay perks attached with the services. State Bank of India is the top most public sector bank in India and number of interested candidates to join the bank has grown manifold in the last few years.
Reasons for People Choosing SBI PO
The growth in the number of candidates applying for the probationary officer post for SBI would clear the fact easily. In 2012, when SBI notified for recruitment in 1000 PO posts, almost 5.1 lakh candidates took up the examination. After a year, when SBI conducted the PO exams for 1500 posts, whopping 1.7 million candidates took part in the examination registering a massive inclusion of 12 lakh candidates in a year. In 2014, the numbers were believed to have touched 30 lakh for over 1700 posts. It is expected that the numbers would rise in this year’s recruitment as well; where SBI has invited candidates for 2200 PO posts across the nation.
Benefits of PO Post in SBI
The Probationary Officer post has been a lucrative post among the graduates in the country. Due to the high number of graduate candidates passing out every year from the higher education institutes and drying up of opportunities in various fields like engineering and management, the banking industry recruitment has seen a lot of applicants from the last few years. The social security, better pay package and a secure job profile is what attracts people towards SBI to join as Probationary Officers.