Amazing that we have an excess of Engineers, CAs, MBAs. So much so that many of them are doing the work which could be easily done by lesser graduates, or even by people who have passed class XII.
One can see disguised underemployment in the private sector as well as the public sector. Mostly people joining the public sector look for ‘job security’ and in case of girls even a passport to a good ‘groom’ from a good family!
Having said that the salary structure in SBI is today very attractive – and only the top MBA colleges can boast of such a start in salaries. In fact the 1 year MBA even in the top MBA institutes (sometimes) are not able to attract this kind of a salary (officers start on Rs. 840,000 per annum), and the clerks start on a salary of about Rs. 17,500 per month – about Rs. 200,000. However the job stability, ease of transfer to any part of the country, etc. attracts a bunch of people wanting such jobs.
The number of people who applied for the SBI job is about 1700 people for every job that was on offer!!
Amazing – in fact the numbers are not very different in the private sector banks, but since they do not conduct such an open exam, the numbers are not visible to us.
Here, read on
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