Banking or SSC, which is best? – Job profile, Salary, Growth etc.

Today government jobs are in demand since most people are looking for a more stable and secure job. As a government job aspirant, you may have thought of appearing for bank exams after completing college. Many of you, on the other hand, may be aiming for a job in the Central Govt. run ministries, organizations or departments. Whichever is the case, one question that most students ask is- Which is a better option to go for: Banking or SSC?

The Staff Selection Commission is the biggest Govt. job recruitment examination conducted in the country. Through SSC CGL entrance exam, candidates are recruited to various govt. sectors, such as CBI, Intelligence Bureau, Ministry of Defence/Railways/External Affairs and others.

Banks, on the other hand, recruit candidates through a Common Written Examination every year.

To help you understand both these sectors better, here is a detailed analysis and comparison of banking jobs and SSC jobs.

Job Profile: Banking or SSC

Bank

The duties and responsibilities of a bank employee include-

• Providing service to the customers
• Loan processing
• Issuing Demand Drafts, chequebooks, and AT cards
• Handling monetary activities at the branch
• Enhancing the bank’s business
• Managing customer accounts
• Managing issues related to customer satisfaction

SSC

The duties and responsibilities of an SSC employee include-

• Carrying out inspections, surveillance, and raids
• Conducting audits on public sector/Govt. organizations
• Investigating
• Verifying taxation on goods
• Detecting tax evasion
• Keeping records, maintaining files, and compiling reports
• Preventing smuggling, forgery, and money laundering
• Assessing custom duty on goods

Work Pressure: Banking or SSC

Bank

• Slightly high work pressure since bank employees need to deal with customers on a regular basis
• You will have to go through training sessions before getting on-board
• During the closing season (end of March) extra workload is added

 

SSC

• A relaxed job with zero pressure of work
• Good balance between life and work

 

Working Hours: Banking or SSC

Bank

• 6 working days but every 2^nd and 4^th Saturday of the month is a holiday
• Usually, the working hours are fixed (8 hours). However, occasionally, employees may have to work a few hours extra, depending on workload

 

SSC

• 5 working days with Saturdays and Sundays fixed off
• No extra working hour
• Fixed shift

 

Transfer: Banking or SSC

Bank

• Employees are transferred every 2-3 years, depending on promotion and seniority

 

SSC

• Employees are transferred every 4-5 years

 

Salary Structure and Benefits: Banking or SSC

Bank

• A decent salary ranging from Rs.38000 to Rs.42000 per month (Probationary Officer)
• You are entitled to receive Dearness Allowance, Transport Allowance, House Rent Allowance, Hospitalization Reimbursement and Newspaper Reimbursement

SSC

• You can expect a handsome in-hand salary of Rs.39000 to Rs.45000
• You will also receive Gratuity benefits, LTC benefits, paid leave, and Medical Allowance in addition to D.A., H.R.A., and Transport Allowance

 

Career Growth and Promotion: Banking or SSC

Bank

• A better scope of promotion in every 2-3 years

 

SSC

• The pace of career growth is relatively slow

To sum it, here is a quick look at the pros and cons of getting a job in a Govt. bank and in the Staff Selection Commission.

Pros and Cons: Banking or SSC

Pros of working in a Bank

• Chances of promotion are high
• Low transfer cycle
• Good salary
• Loan rates are low

Cons of working in a Bank

• You could be posted in rural areas
• Work pressure is high

Pros of working in the SSC

• High status and prestige in the society
• Exposure to Govt. sectors
• The advantage of Gazetted position

Cons of working in the SSC

• You could be posted away from home state

Conclusion

Now that you have gone through all the details and information associated with today government jobs, we hope you will be able to take an informed decision while choosing your career path.