The job of a bank probationary officer (PO) is considered a lucrative career option and is a white collar job. Every year lakhs of aspirants contest for bank PO positions. The reason behind this is that the job offers a high career growth and prospects for a bright future in banking sector. While most of the banks use Probationary Officer (PO) as the designation for their officers, there are few like Punjab National Bank that use the term Management Trainee (MT) for them. Typically, a bank PO undergoes a 2 years probation period or training and then gets the post of Assistant Manager on joining a branch. Normal prospect of this job is general banking and bank administration; however bank POs are expected to possess excellent communication skills and the ability to resolve conflicts in a cool and composed manner. The purview of work includes customer transactions, viz. passing a cheque, draft issuance, cash management etc. He/She has to work towards increasing the bank business too while managing cash flow, loans, mortgages and finances. The job basically involves supervising clerical works and aims to enhance bank's business by implementing better customer service. The basic pay for IBPS PO is Rs. 23700/-. Apart from this, Probationers are also entitled to various perks including Annual increment, Dearness Allowance, City Compensatory Allowance, House Rent Allowance etc.
There are three stages involved in the selection procedure of bank PO:
Understanding the syllabus of the exam is an essential part to have effective preparation. From this year onwards, sectional timings have been introduced by the IBPS to prelims phase. For prelims, English Language, Quantitative Aptitude and Reasoning Ability are the three subjects to prepare for. During main exams, the subjects are English Language, Data Interpretation & Analysis, Reasoning Ability & Computer Aptitude, General/ Economy/ Banking Awareness and Descriptive Test: Letter & Essay Writing.