RBI Grade B Officer Job Profile, Career Growth, Posting Location
Today, we are going to discuss about RBI Grade B Job Profile and Career Growth. RBI Grade B Officer (General) recruitment notification 2017 was released some time back. The job profile and career growth opportunities in RBI Grade B will help all the students going to appear for this exam gain an insight about the work culture and type of tasks that they would undergo after selection. We will discuss about the Salary, Perks and Emoluments officer in RBI Grade B officer post soon. You can apply online for RBI Grade B Officer Exam up to 23rd May 2017.
RBI, one of the most prestigious institutions in India has released the notification for recruitment in Grade B level exam. This year, the vacancies are less compared to 2016. This year, there are 145 vacancies in RBI Grade - B General (DR) compared to 163 in 2016 and 134 in 2015. RBI is a brand in itself and there is no need to explain how prestigious this post is. Let us now have a look at the Job Profile of a RBI Grade - B Officer, the promotion and career aspects.
RBI Grade B Job Profile
After your selection as Grade B officer, you will have to undergo 15 weeks training at Reserve Bank Staff College, Teynampet, Chennai. You will be on probation for 2 years which can be extended to 4 years based on your performance.
After your training is over, you may be allotted different departments. This is purely random, people with hard core finance experience may be given HRD and vice versa. Some of the departments that may be allotted are Financial Markets, Banking Supervision, Banking Regulation, Currency Issuing, Public Debt Office, Foreign Exchange, HRD etc. The work profiles varies from department to department. However, you will be transferred from one department to another after sometime.
Some of the Grade B officers will also be involved in planning and policy decisions. The RBI is a regulator and there are myriads of opportunities and work. One thing is sure, the job is not monotonous.
RBI Grade B Officer - Posting Locations
RBI is headquartered in Mumbai and most of the offices are in metros only. In most of the places, RBI has dedicated quarters which are easy to get.
RBI Grade B Officer Work Profile - Timings and Career Growth
Unlike normal PSU banks, RBI has defined working hours. Plus all weekends are holidays (except for some which are directly related to banks operations viz. NEFT etc.). The work is easily manageable in the normal working hours and RBI promotes a good work life balance.
Direct Recruited Grade B officers have a good chance to reach to the level of Deputy Directors. There are promotional examinations to reach to the next stage. The hierarchy level is given below:
Some Myths about RBI Grade B Job Profile
- Only people with string finance background clear this exam: Not true at all. People with journalism as background are also selected in this exam. Read eligibility criteria for details.
- It’s like a normal bank, monotonous job, lack of growth opportunities: Another myth. RBI rarely involves public dealing and this makes a lot of difference. As already stated, there are diverse departments and RBI acts as a regulator, the job is very interesting with decent growth opportunities.
- IITs and IIMs grads are preferred: Not true. The final selected batch might be skewed towards engineers but nowhere there is any preference. All depends on your Phase I,II and interview marks.
- My Phase I score is just above cutoff, I will not be able to make it: Statistics show that only top 3 percentile students clear the phase 1. This should make you proud and not disheartened. The race is not over yet.
- I will focus on Phase I for now and then on Phase II : Another mistake. RBI doesn’t provide enough time for Phase II preparation, this time it is 20 days only. Mzke sure to start preparing from Phase II from day 1.
- I am getting good score in SSC and IBPS/ I am preparing for UPSC, RBI should be a cakewalk: Scoring good marks in the said examinations will boost your confidence but you should keep in mind that the pattern is entirely different. The level of DI and Quantitative Aptitude is up to the level of CAT and reasoning is also very tough.
For UPSC candidates, Economics and GS might help you, but RBI Phase I paper contains many fact based or stats questions, like the amount allocated to a particular scheme which is not the case with UPSC. You can ask any doubts in the comment section.
You can also go through some frequently asked questions about RBI Grade B Application procedure from the link below -
RBI Grade B Frequently Asked Questions
All the best for your exams..
