Many students prepare for the Chartered Accountant examination and many for the State Bank Of India Probationary Officers. All the students who are in their preparation mode think of the question that which is the better opportunity for them is this CA or SBI PO? To answer this question we are here with the new article which will answer many of the students who want to know the better opportunity for them.
Difference Between CA & SBI PO
To become a CA, a candidate must complete a series of training courses and exams administered by the Institute of Chartered Accountants of India at different levels (ICAI) which includes, foundation, intermediate and Final. After completing Class 12 a candidate must start appearing in the CA examinations, primarily sitting in a foundation test. Despite this, if a candidate wants a direct entry into an intermediate course, a candidate must be a Graduate/Post-Graduate in Commerce (with a minimum of 55%) or Other Graduates/Post-Graduates (with a minimum of 60%) from a recognized university (including Open University)
Candidates who have passed the intermediate level examinations of the Institute of Company Secretaries of India (ICSI) and the Institute of Cost Accountants of India (ICAI)
SBI PO: Overview
On the other hand, to become an SBI PO, a candidate must have completed its graduation from a recognized university. SBI PO is regarded as one of the most prestigious positions in the banking sector. And every year lakhs of candidates appear for the examination. For the same, recruitment is done based on the preliminary examination, mains examination followed by the interview round. Candidates who qualify for all the stages are eligible for recruitment.
Which is better, CA or SBI PO?
The comparison between the chartered accountant for the SBI probationary officer is not relevant. Both of them have their pros and cons. The pay received by SBI POs is the same, whereas all the CAs do not. Some CAs will make far more than any SBI PO will ever make, but many more will never make as much. The SBI PO is an occupation, whereas CA is a professional/technical qualification.
Many people who are CAs by qualification aren’t CAs by specialty. A lot of them work in banks, some in businesses, and a lot more just handle income tax, sales tax, and other tax-related work, which is probably more of a lawyer’s job than a CA’s. A large number work as financial analysts, which is not an accounting career. A lot of CAs work in the bank in specialist cadre too. They have a fixed career path, good emoluments, etc but they are not in general banking.
Lastly, in terms of reputation as far as society is concerned a Branch Manager or a Regional Manager will have much more recognition in society than most CAs, it is much more difficult for every CA to have the same reputation. Some may get the same reputation but not everyone.
We hope that this article will be useful for all our candidates.
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Also Check: Is SBI clerk a permanent job?