Bank PO and IT Industry are two of India’s largest employment generating Industries. And for people who are looking for a job, this has been a dilemma as to which one to choose as a career option.
The job profile for the two streams is completely different and both come with their own perks and disadvantages.
While Bank PO is the post of a Probationary Officer, one of the highest entry-level job profiles in the banking sector and the IT Industry is predominantly led by Engineers but new career options coming up in this industry as well.
In this article, we shall further discuss the difference between Bank PO and IT Industry employees and help you figure out which career option among the two is more suitable as a job option.
Also, check the difference between Bank PO and Bank Clerk at the linked article.
Difference Between Bank PO and IT Industry
Every year lakhs of aspirants look forward to various Banking Organisations to release notifications for the recruitment and lakhs of IT students start looking for a job in the Information Technology sector and departments.
The table below gives a basic difference between the Bank PO job and an IT employee’s job in brief:
|Difference Between Bank PO & IT Industry|
|Bank PO||IT Job|
|Job Profile: The Bank Probationary Officer job is a customer-oriented and paperwork job. They do not just have to maintain the financial files and documents but also have to assist the customers with the facilities provided by the bank||Job Profile: It is a desk job and mostly involves technical jobs like coding, bugging, etc. The work may sound monotonous but there is the scope of promotions|
|Salary: The Bank PO salary mostly ranges between Rs. 7 lacs to Rs. 10 lacs per annum for a Public Sector Bank and Rs.4 lacs to Rs.7 lacs per annum for a Private Sector Bank in the initial years||Salary: The entry-level salary of an IT employee mostly varies between Rs. 2.5 lacs to Rs. 3 lacs per annum. The salary becomes equivalent to that of a Bank PO almost after 5-6 years of experience|
|Job Security: Bank PO job in a PSB is a permanent job||Job Security: IT job is not permanent|
|Perks: Apart from the salary, perks like HRA, Medical Allowance, Travel Expenses, Pensions, etc. are provided||Perks: Expenses like HRA and other benefits are all included in the salary itself. So, no extra perks are provided|
|Work-Life Balance: There are 6 working days in a week and two Saturdays off in a month which leaves less time for personal commitment||Work-Life Balance: This is an advantage with IT companies as mostly all of them offer 5 working days a week|
|Career Growth: Internal Exams and Interviews are conducted at regular intervals of time and there is a much higher scope of growth||Career Growth: Growth may depend on your performance and it may take years to get promoted to a higher post|
Aspirants can also check the salary range of bank employees at the linked article.
Comparative Analysis: Bank PO vs IT Jobs
Career option is one aspect where the person has the complete choice of what they want to do. There are many differences between a Bank PO and IT employees but the final call must be taken based on the interest of the candidate.
One must go through the comparative analysis between the two posts and sectors as given above and then make a wise decision.
Also, check the below links for any other assistance: