Is it good to opt for bank PO exams as a career option?

Bank PO has an excellent career path and the career growth is determined based on merit. PO is Scale I Officer (Assistant Manager) and normally becomes Manager (Scale II Officer) 3-4 years. Promotion happens through written exam and interview. From bank to bank there is a slight variation in the time and process of promotion but fast track promotion opportunities are there in all the banks. Being a generalist, PO gets the opportunity to work in various areas like operations, credit, foreign exchange, investment banking, risk, audit, etc. For posting in Investment Banking and foreign offices, banks conduct internal exams. The career growth is fast for a PO. One can get a promotion every 35 years depending upon the vacancies in the bank. The promotion grades are Manager (Scale II), Senior Manager (Scale III), Chief Manager (Scale IV), AGM (Scale V), DGM (Scale VI) and GM (Scale VII). After that Executive Director and CMD "Chairman and Managing Director"; are appointed by government of India. Almost all EDs and CMDs of banks started their career as PO. A few selected ones also get a chance to become Deputy Governor (DG) in RBI, as among the 4 DGs of RBI one post is there for a commercial banker. Therefore, joining as Bank PO is the best opportunity for making a career in the banking industry.

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