SBI SO Salary 2023 | Job Profile and Career Growth

SBI SO Salary

SBI SO Salary 2023: The basic pay of the SBI SO Junior Management, Grade 1 is Rs. 23,700 and added perks. All interested candidates must read this article on the SBI SO Salary. If you are looking for a job with a handsome salary package plus additional perks, this article is a big yes for you.

Also, the candidates can check out the SO Job Growth as well as Career Growth. You will also be informed about the PayScale after the 7th Pay Commission.

SBI SO Salary 2023: Basic PayScale

There are various grades and departments under the SBI and because of that, there is a difference in the PayScale as well. There are basically three posts under the SBI SO, and all of them have different salaries and basic pay. Get complete information for MMGS 2 salary in SBI. The table below shows the PayScale of various grades.

Grade

PayScale

Junior Management Grade Scale I (JMGS I)

23700-980/7-30560-1145/2-32850-1310/7-42020

Middle Management Grade Scale-II (MMGS II)

31705-1145/1-32850-1310/10-45950

Middle Management Grade Scale III (MMGS III)

42020-1310/5-48570-1460/2-51490

Senior Management Grade Scale IV (SMGS-IV)

50030-1460/4-55870-1650/2-59170

SBI SO Salary Structure 2023

There are many elements and allowances provided by the SBI and all of these constitute the SBI SO Salary Structure. The table below mentions the salary structure of the SO posts.

Particulars

SBI SO Salary Details

SBI SO Basic Salary

INR 23,700

HRA

@ 9.0% or 8.0% or 7.0%, depending on the place of posting

DA

INR 8605.88.

Special Allowance

For scale I, it is paid @ 7.75%

Perks

Conveyance, Newspapers, Entertainment allowance, House & Furniture Maintenance, etc. 4,130

Least Accommodation

The least Accommodation is up to Rs 29500, provided in place of HRA

CCA

This is paid @ 4%, 3% or 0%, depending on the place of posting

 SBI SO Salary – Salary/PayScale For Different Posts

As the different posts have different salaries and PayScale, so here is a list of all the posts showing the same. The table below will show you either the yearly salary or PaySacle of different SBI SO Cadre II Posts.

Post

Pay Scale/SBI SO Salary

Credit Analysis MMGS-III

42020-1310/5-48570-1460/2-51490

Product Manager

42020-1310/5-48570-1460/2-51490

Data Analyst Manager

42020-1310/5-48570-1460/2-51490

Digital Marketing Manager

42020-1310/5-48570-1460/2-51490

Faculty, SBIL

Rs. 25 lakh to Rs. 40 lakh per annum

Sr. Executive (Digital Relations, Analytics, Digita Marketing)

Rs. 12 lakhs to Rs. 20 lakhs per annum

Executive (FI & MM)

Rs. 6 lakhs per annum

Sr. Executive (Social Banking & CSR)

Rs. 10 lakhs per annum

Deputy Manager (IS Audit)

31705-1145/1-32850-1310/10-45950

Vice President (Stressed Assets Marketing)

Rs. 40 lakhs to Rs. 43 lakhs per annum

Chief Manager (Special Situation Team)

50030-1460/4-55870-1650/2-59170

Deputy Manager (Stressed Assets Marketing) 

31705-1145/1-32850-1310/10-45950

Head (Product, Investment & Research) 

Rs.80.00 – Rs.99.62 lakhs per annum

Central Research Team (Portfolio Analysis & Data Analytics)

Rs.25.00 – Rs.50.00 lakhs per annum

Central Research Team (Support)

Rs.7.00 lakhs to Rs.10.00 lakhs per annum

Investment Officer

Rs.12.00 lakhs to Rs.18.00 lakhs per annum

Project Development Manager (Technology) 

Rs.12.00 lakhs to Rs.18.00 lakhs per annum

Relationship Manager

Rs.6.00 – Rs.15.00 lakhs per annum

Relationship Manager (Team Lead)

Rs.10.00 lakhs to Rs.28.00 lakhs per annum

Deputy Manager – Law

31705-1145/1-32850-1310/10-45950

SBI SO Job Profile 2023

SBI SO Posts

Job Profile

Assistant Manager System (JMGS 1)

·         Identifying and developing various IT-related potentials concerning the business needs.

·         Ensuring the performance and usability of the solution.

·         Putting efforts into driving the development of the systems area.

· Develop solutions designed for maximizing the value of a business.

·         Rapidly acquiring knowledge of a given domain.

·         Ensuring the conformance of deliverables with the system architecture and standards for development.

·         Actively contributing to the realization of the business unit’s mission and vision.

·         Effective and purposeful communication with internal customers and business partners.

·         Assisting actively in developing others through, communicating knowledge and participating in professional networks.

·         System or server installation, configuration & monitoring.

·         Installing, supporting & maintaining a computer system/server/storage/network.

·         Patch updation or up-gradation & migration.

·         Designing new computer systems and server performance.

·         Installation, configuration, and maintenance of Software.

·         Extraction, Transformation, and Loading  Data.

·         Recovery and backup of the database.

·         Minimizing risks by implementing and monitoring best practices.

·         Configuration setup of the DC/DR server & its maintenance and capacity planning.

·         Back Cloud Environment setting, configuration, and maintenance.

·         Managing and monitoring the following

·         SQL Jobs

·         Data import & export

·         Encryption

·         ELB

·         S3

·         EBS

·         Database replication

·         Aurora

·         CloudFront

·         Maintaining the following

·         IIS, Apache

·         PHP sites

·         .Net sites

·         FTP sites

·         SMTP

·         Linux servers

·         Backup 

·         Restore 

·         Multiple VPNs.

·         Installing network devices and capacity planning.

·         Designing system configuration to establish a networking environment. Directing system installation; defining, documenting, and enforcing the system standards.

Deputy Manager System (MMGS II)

·         Installation, configuration, and maintenance of WAS.

·         Installation or migration or Up-gradation of WebLogic on Solaris or LINUX or UNIX.

·         Study industry best practices in UX design.

·         Designing the Wireframe websites as well as mobile apps

·         Working closely with the internal design and programming team for collating content and program managing the development of the website.

·         Installing new pieces of equipment, hardware swap-outs as well as component replacements (servers, network equipment, and storage)

·         Implementing virtualization.

·         Designing enterprise wises IT Risk management framework and supporting the implementation. Monitoring of the IT Risk in the organization.

·         Supporting large-scale WAS infrastructures along with multiple middleware products.

·         Setting up, configuring & troubleshooting the WAS & IHS in AIX.

·         Setting up the SSL configuration, Load balancer.

·         Setting up the following

·         J2EE

·         IHS Web Server

·         WebSphere Application Server

·         SSL

·         SOA

·         Unix Shell

·         Python

·         Perl, etc.

·         Setting up the IBM MQ servers, Oracle / SQL/ DB2 servers and XML, XSL and WSDL.

·         Setting up the Web and Application Servers, Workflow infrastructure, and troubleshooting.

·         Performance tuning and making improvements.

·         Capacity planning

·         Implementing the ITIL/ITSM tools (Minimal Manual intervention)

·         Creating wireframes and taxonomies.

·         Operating as a key project and risk-focused resource for technical and architectural reviews, technology projects, new business processes, as well as change management activities.

IT Security Expert (MMGS III)

·         Gathering information and developing plans for mitigating IT threats, Monitoring networks for security breaches, Training users on security protocols, developing best practices and security standards and Creating and testing the disaster recovery procedures for keeping IT running in case of a security breach.

·         Reviewing the internally developed applications, before deploying them into a production environment.

·         Identifying the vulnerabilities that can be exploited by potential malicious hackers.

·         The assessment of the application consisting of tools-based testing and manual testing with a web browser or designated client software

·         The areas include but are not limited to VAPT, Input validation, Access Control, Password Policy, Session Management, Authentication Mechanism, Encryption

·         Understanding the latest IT security tools as well as techniques

·         Developing the network security standards and guiding the network design for meeting corporate requirements. Conducting network security assessments and monitoring the DDOs, WAF, IDS, firewall, and SIEM systems

·         Working with internal and external business partners for ensuring that the IT infrastructure meets global network security standards.

·         Actively looking for the security vulnerabilities in our application and network, reporting issues, and describing possible solutions.

·         Designing and maintaining our security infrastructure.

·         Staying updated with the security news, keeping an eye out for the latest vulnerabilities and remedies emerging in the field.

·         Actively liaise with the development team for ensuring the secure architecture, and thorough automated testing of all the source code (e.g., via Test-Driven Development).

·         Provide regular reports, auditing our current services and the latest changes, and our internal practices.

·         Monitor our server traffic, ticketing, and reporting any unusual packets.

·         Developing and designing security devices and software for ensuring the safety of internal products and information.

·         Managing security measures for the information technology system within a networked system. Operating regular inspections of the systems and network processes for security updates.

·         Conducting an audit process for initiating the security and safety measures & strategies.

·         Customizing access to the information as per the rules and necessity

·         Maintaining standard information security policy, procedure, and services.

Project Manager (MMGS III)

·         Delivering the Project/Program Management in the IT Products/Services from inception till closure.

·         Delivering a complex technology solution(s) within a defined Software development life cycle.

·         Working as a Business Analyst in defining the technical solutions/architecture in the BFSI domain.

·         Working in a fast-paced, cross-functional, and multi-departmental environment.

·         Functional go-to person for multiple business partners.

·         Building and leading high-performing agile teams, with a focus on the Business, Application, Data, and Technology Architecture.

·         Contribute to the IT planning, development of strategies/initiatives, and the product life cycle/service orientation;

·         Determining the current and future needs of the IT ecosystem.

·         Performing periodic training on project management and project management-related concepts periodically

· Develop a detailed project plan for monitoring and tracking the progress.

·         Measure the performance of a project by using appropriate tools and techniques.

·         Managing relationships with the client as well as stakeholders.

·         Coordinating with the internal resources and third parties/vendors for the flawless execution of the projects. Communicating with vendors, suppliers, and executive management for ensuring the availability of infrastructure, technologies, and support.

·         Defining the project scope and objectives, involving all the relevant stakeholders, and ensuring technical feasibility.

·         Ensuring that the projects are delivered on time, within the scope and budget.

·         Performing ongoing analysis of the projects and reports to relevant stakeholders.

·         Creating and maintaining comprehensive project documentation.

·         Performing risk management for minimizing project risks.

·         Reporting and escalating to management as per requirement.

·         Delivering the products/services in alignment with business needs and objectives.

Application Architect (MMGS III)

·         Designing and validating the application architecture design, middleware architecture design, and other technology architecture.

·         Estimating the design efforts, defining detailed schedules, evaluating technologies, developing prototypes, architect design, etc.

·         Changing the Architecture according to the business need and Technology changes.

·         Understanding and applying the architect’s principles, processes, standards, and guidelines.

·         Taking up complete ownership of the work assigned in terms of quality and timeliness.

·         Understanding, documenting, and monitoring the application layering dependencies (User-Interface, Deployment, Public Interface, Application Domain, Application Infrastructure, Technical Frameworks, and Platforms) and application component dependencies.

·         Understanding and monitoring the impacts and dependencies between existing technical and network environments.

·         Defining and directing proof-of-concept tasks for proposed architectural interactions.

·         Monitoring software products, supporting tools, and platform licensing taxonomies for compliance and readiness.

·         Defining, planning, proposing, and selecting enabling technologies for supporting packaged or custom applications. Preparing approach papers listing technology options, risks, and impacts of various architectural options.

·         Defining data dependencies within, between, and among the various applications and application components.

·         Defining and directing coordination among the database instances between, and across, various applications and application components.

·         Documenting and maintaining technical architecture, network architecture, application architecture, and technical application architecture diagrams and descriptions, including releases and versions of the software.

·         Documenting and maintaining the context diagrams, functional architectures, data architecture, and messaging architecture diagrams and descriptions.

·         Ensuring that the architectural components optimally address business requirements.

·         Leading / participated in the technical and infrastructure requirements engineering initiatives.

·         Coordinating with the other architects, project managers, and team leads for ensuring the development matches the system model.

·         Coordinating activities with E&TA for ensuring a broad understanding of architectural approaches and standards across the IT vertical.

·         Define architecture risk mitigation plans.

·         Monitoring the emerging technologies and technical releases from product vendors for evaluating applicability toward current efforts

Technical Lead (MMGS III)

·         Coordinating with the clients related to new requirements & support tickets Leading weekly status calls, Tasks allocation & monitoring Team members

·         Daily status updates to the clients, Code development & bug fixing. Reviewing code & quality testing, HR Functional Setups (Core HR, Sales service, etc.)

·         Using best practices of the project, coding standards/secure coding practices.

·         Preparing and helping the team for preparing the Design, Coding, and Unit testing.

·         Having a very good understanding of the project architecture.

·         Conducting peer reviews and providing feedback.

·         Updating the tracker with accurate information for identifying the risk and issues proactively at the sprint level.

·         Conducting project risk identification and mitigation action planning with the PM at the project level. Process check master – for making sure that his team is following all the listed procedures.

·         Constantly looking for ways for increasing the velocity/productivity of the team by eliminating waste.

·         People and Technical management.

·         Assisting the project manager in project coordination/management.

·         Reporting the status with alarms, explanations & solutions.

·         Promptly escalating issues to the reporting manager, tracking and resolving issues.

·         Collaborating within a team environment in the development, testing, and support of software development project life cycles.

·         Developing web interfaces and underlying business logic.

·         Preparing all the necessary technical documentation.

·         Tracking and reporting the daily and weekly activities.

·         Participating in code reviews and code remediation.

·         Performing and developing proper unit tests and automation.

· Research problems discovered by QA or product support and develop solutions to the problems. Performing additional duties as determined by the business needs and as directed by the management.

SBI SO Salary 2023 – Training Period

  • After the candidates are recruited, they are on a training period.
  • The training period is for 4 weeks.
  • During this period, candidates are introduced to the different bank processes.
  • All the boarding and lodging of the candidates is managed by the bank.
  • After the completion of the training period, candidates are posted to different branches of the bank as the SO.
  • The candidates also get paid during this period.

SBI SO Career Growth 2023

  • The candidates get a good SBI SO salary plus promotion, once their training period is over.
  • Departmental examinations are conducted annually by the bank for promoting candidates to a higher post.
  • The candidates can get promoted from an officer post to the post of Chairman through the departmental examination. 
  • The Career growth hierarchy in the SBI is mentioned below
  1. Assistant Manager
  2. Deputy Manager
  3. Manager
  4. Chief Manager
  5. Assistant General Manager
  6. Deputy General Manager
  7. General Manager
  8. Chief General Manager
  9. Deputy Managing Director
  10. Managing Director
  11. Chairman

SBI SO Salary 2023 – Perks & Allowances

Apart from the SBI SO salary & promotion, the candidates are subjected to enjoy various perks and allowances as well. Some of them are mentioned below.

  • Dearness Allowance (DA)
  • House Rent Allowance (HRA)
  • City Compensatory Allowance 
  • Provident Fund (PF)
  • Contributory Pension Fund, 
  • Leave Fare Concession, 
  • Smart Compensation Allowance
  • Special Allowance
  • Festival Bonus
  • Medical Facility
  • Special pay for performing during a pandemic
  • Newspaper allowance

Must-Read: SBI SO Preparation Tips

  • Know about the exam:

Knowing about the exam is a really important thing before you begin your preparation. This means you have to know all the necessary details like the eligibility criteria, exam syllabus, exam pattern, and timeline.

After this, go through the previous year’s question papers and identify the exam pattern. Go through different articles, related to the SBI SO examination and get the required information.

  • Following a timetable:

Make a timetable and make sure to follow it all the time. Allot time to different subjects according to the difficulty of the subject, as well as your understanding of it. In addition to notes making, assign time for revision as well.

  • Build a strong base:

To build a strong base, always, I repeat, always begin with NCERTs. You will get all the basic conceptual knowledge from there, irrespective of your background.

  • Strengthen your concepts with help books:

After going through the NCERTs, start doing practice questions. NCERTs might not be very helpful in this case. That’s why you should study from additional help books and enhance your practical knowledge. Plus, these help books come with unsolved question papers as well. Solve them and check your progress.

  • Revision:

Another important thing is constant revision. Make notes, revise them, then revise the previous topics once again to polish those concepts.

  • Mock-test is a big yes:

Start giving mock tests, to increase your efficiency. Perform the test just like an actual exam and check out your weaknesses and strengths. Brush up on the concepts which you might have missed. This will help you with time and anxiety management during the actual exam.

Here is the detailed SBI SO salary blog for 2023. For further queries regarding the SBI SO Exam, you can ask in the comment box. 

FAQs: SBI SO Salary

What is the basic pay of the SBI SO Junior Management, Grade 1?

The basic pay of the SBI SO Junior Management, Grade 1 is Rs. 23,700.

How long is the SO training period?

The SO training period is 4 weeks long.

What are some of the perks offered to the SO?

Some of the perks are mentioned below:
Dearness Allowance (DA)
House Rent Allowance (HRA)
City Compensatory Allowance 
Provident Fund (PF)
Contributory Pension Fund, 
Leave Fare Concession

What is the allowance rate for SO Grade 1 employees?

For scale I, it is paid @ 7.75%

What is the salary of a Sr. Executive (Social Banking & CSR)?

The SBI SO salary of a Sr. Executive (Social Banking & CSR) is Rs. 10 lakhs per annum.

Is it important to practice Mock Tests for SO Exam preparation?

Yes, by practicing Mock Tests, you can prepare yourselves for the real exam and check your progress.

What is the Career growth hierarchy in the SBI?

The Career growth hierarchy in the SBI is mentioned below
Assistant Manager
Deputy Manager
Manager
Chief Manager
Assistant General Manager
Deputy General Manager
General Manager
Chief General Manager
Deputy Managing Director
Managing Director
Chairman

Leave a Comment

8 Best Business Schools in Canada 2024 10 Best Technology Colleges in the US 2024 Learn how to get a job with no experience How to write an impactful cover letter for a career change 11 Interview tips to boost your confidence