SBI Opening for CA, ICWA and MBA - RECRUITMENT OF 300 SPECIAL MANAGEMENT EXECUTIVES (BANKING) IN STATE BANK OF INDIA


State Bank of India (SBI) has announced RECRUITMENT OF 300 SPECIAL MANAGEMENT EXECUTIVES (BANKING) and sectoral management executive IN STATE BANK OF INDIA every year. Here, in this article I am going to write about the same.

In my earlier series of alternate to mBA- I had written about ICICI Bank Probationary Officer and CS and SBI PO. In this article I am writing about SBI's special management executive and sectoral management executive recruitment process and more details.

SBI is India's largest bank and probably best bank in the public sector and employ many people. It has transformed itself in many ways and competing with private banks. 

Here is the important dates (please not, recruitment is currently over, keep eye on notification next year. You may visit my blog for update (and next time, I'll publish as soon as it is notified)

The date for admission is already over but the recruitment happens during same time. 
ONLINE REGISTRATION OF APPLICATION :   01.09.2014 TO 18.09.2014 (usually happens in the beginning of September and lasts till third week of September)

PAYMENT OF FEES - ONLINE : 24.07.2014 TO 11.08.2014 (usually happens in the last week of July and lasts till second  week of August)

PAYMENT OF FEES - OFFLINE : 24.07.2014 TO 11.08.2014 (usually happens in the last week of July and lasts till second  week of August

How do I need to apply for this
You need to apply online by visiting website




What is Special Management Executive and Sectoral Management Executive ?
Special Management Executive and Sectoral Management Executive 
This is the Middle Management Level direct entry point for dynamic young post graduates in management i.e. CA, ICWA, ACS, MBA (full time), PGDBM, PGDBA, PGPM (full time only, minimum 2 years duration and must be equivalent to MBA). A Special Management Executive gets exposed to challenging assignment as also gets the opportunity to involve in nation building developmental activities in the managerial positions. The opportunities include working in Personal banking, Rural Banking, Credit, Forex, Treasury, marketing, finance, sales, accounts, finance, auditing etc.

CAREER PATH: Probation period for both the posts will be 1 year from date of joining. After completion of probation period successfully, the officers will be confirmed in respective grades and will be governed by extant specialist cadre placement and promotion policy.
The officers can opt for conversion to General Cadre after completion of five years including probation period.
In case of conversion to General Cadre, the seniority of the officers in specialist cadre will be protected for all future promotion.

What other careers do offer SBI other than Special Management Executive?
Probationary Officers
The Bank also makes direct recruitment to the Junior Executive grades. The post offers faster growth opportunities to the right candidate.

Specialist Cadre Officers
Chartered Accountants, Analysts, Statisticians, Risk Raters, Economists, Lawyers, Engineers, System Engineers, Rajbhasha Officers etc are recruited in various grades by the Bank in Specialist cadre with opportunities for career advancement.
Assistants
Young graduates are recruited as Assistants (clerical cadre). The Bank is offering fast track growth opportunities as the Assistants are eligible for promotion on completion of 3 years' service.


Do I get managerial positions in Special Management Executive?
Yes, the position is for recruitment as a manager only. 

What are the total no of positions available?
It depends on no of position available. For 2014, the total available positions are 270.

Where does the posting happen? May I chose the location of posting?
Posting locations are as indicated and subject to transfer anywhere in India. No, you do not have such option.

What are the eligibility criteria?
ELIGIBILITY CRITERIA : (AS ON 01.09.2014)
(A) Essential Academic Qualifications :
Candidates should fulfil the eligibility criteria stipulated above.
a) EDUCATIONAL QUALIFICATION: CONVERSION FROM GRADE POINTS TO PERCENTAGE MARKS
Some Universities/ Institutes do not award Class or percentage of marks and allot Aggregate Grade Points (e.g.
CGPA/ OGPA/ CPI etc.), In case University/ Institute defines criteria for conversion of Aggregate Grade Point into Class
and/ or percentage of marks, the same will be accepted. However, where the University/ Institute does not define
criteria for conversion of Aggregate Grade Point into Class and/ or percentage of marks, or not stating class in the
degree certificates, the undefined parameter(s) would be worked out as under:
CGPA is 6.75 for 1st class, 6.25 for 55% and 5.75 for 50%

Aggregate Grade Point or Percentage of Marks where awarded would mean aggregate over the entire duration of the
course. Where the Aggregate Grade Point is awarded out of a number other than 10, it will be normalized out of 10 and computed as detailed above


Age: Minimum 25 years, maximum: 40 years

Age relaxation available only for Ex servicemen and physically handicapped, SC, ST etc. If you are SC, ST with physical handicap condition, you get additional benefit (so not your ability, your disability makes your job easy)

Experience:  Minimum 5 years post qualification experience  as on 31.08.2014 as an executive in Supervisory/ Management role in:
a) A schedule Commercial Bank/ Associate
or subsidiary of a Schedule Commercial Bank OR
b) A public sector/ listed Financial
c) Institution/ company

I have passed my degree from open university (State/ central- IGNOU, YCMOU, BRAOU, TNOU etc.) am I eligible to apply
No, you are not eligible. only full time MBA or PGDBA/ PGDBM/ PGPM full time, 2 years equivalent to MBA are eligible to apply. However, if you have degree from open university/ distance education but a full time MBA, you are eligible. 

I have passed my degree through open university system (i.e. without passing 10+2) am I eligible to apply?
Yes, you are eligible but either you should be a CA, ICWA, CS or a full time MBA or equivalent. 
I am a subject of Nepal/ Bhutan, am I eligible to apply?
Although, it is not clarified however subject from Nepal and Bhutan are treated at par with Indian national applicants so you are eligible?

I have obtained a degree from outside India, am I eligible to apply?
Yes, but the degree should be full time only and you must have obtained equivalence certificate from AIU

I have an AICTE approved 2 years PGDBM/ PGDBA, am I eligible to apply?
You are eligible only if these PGDBA/ PGDBM/ PGPM has equivalence status from AIU (Association of Indian Universities)

I have an completed PG Diploma in Management (PGDBA, PGDHRM etc.) in distance mode from SCDL which has UGC-DEC-AICTE approval when I completed, am I eligible to apply?
No, you are not eligible. 


When will the exam happen?
The examination will be held in the month of November 2014 (Tentatively).


How much salary will I get?
Well, it depends on city. In Mumbai, it is approx Rs. 12 lakhs for grade III and around Rs. 10 lakhs for grade II
The salary Scales are due for revision.

What is the examination fee?
 SC / ST / PWD Rs. 100/- (Intimation Charges only) (free bonus, percentage relaxation, exam fee reduction, age relaxation, wow! it happens only in India)
 All others Rs. 500/- (App. fee and intimation charges)

HOW TO APPLY
GUIDELINES FOR FILLING ONLINE APPLICATION:
Candidates will be required to register themselves online first through Bank’s website www.statebankofindia.com or www.sbi.co.in. After which candidates are required to pay the requisite application fee through one of the following modes:
(i) Offline mode : The system will generate a cash voucher/ challan form pre-printed with the candidate’s details which will be required to be presented at any State Bank of India branch counter with the requisite fee. On payment of the requisite fee through computer generated challan form, registration of the online application will be complete.
(ii) Online mode : The payment can be made by using debit card/ credit card/Internet Banking.
Pre-requisites for Applying Online
Candidates should have valid email ID which should be kept active till the declaration

I am working in private sector corporate. Will I get any relaxation on age on the basis of my experience?
No, age relaxation only available for SC/ST/ OBC/ Ex Servicemen and Physically handicapped and visually impaired. 

I have been working in cooperative banks for a long time, Will I get any relaxation or preference?
No. 

I have experience in a private sector non-listed, non-financial organisation. Am I eligible?
No, SBI recruits for this position for people from Financial company thats too listed or a commercial bank only. 

What is the selection process and syllabus?
SELECTION PROCEDURE:
Selection of candidates will be on the basis of examination, group discussion and interview.
PHASE I
Online examination consisting objective test for 200 marks and descriptive test for 50 marks.
Both the tests will be online. Candidates will be required to answer their descriptive test also online.

- Objective and descriptive tests 
- Group discussion and interview
- Final selection

Phase-I consists objective tests for 200 marks and a descriptive test for 50 marks.

The objective test will be an online one. 

Immediately after the online objective test, the descriptive Test will follow. 

The descriptive test will be in the paper/pen mode.

* The Objective Test of 2-hour duration will consist of four Sections with 50 objective test marks each (Total 200 marks).

The breakdown is as follows:

a) Test of English Language (Grammar, Vocabulary, Comprehension etc.) - 50
b) Test of General Awareness, Marketing & Computers - 50
c) Test of Data Analysis & Interpretation - 50
d) Test of Reasoning (High Level) - 50

The candidates are required to qualify in each of the tests by securing passing marks, which will be decided by the Bank.

(ii) The Descriptive Test of 1 hour duration (50 marks) will be of of English Language (comprehension, short precis, letter writing & essay).

The candidates are required to qualify in the descriptive tests by securing passing marks, which will again be decided by the Bank.

Descriptive Test papers of only those candidates, who have scored qualifying marks in the objective tests, will be evaluated.

The candidates will be declared as having passed only when they get pass marks (to be decided by SBI) in each section of objective test. 

The descriptive test will be held for 50 marks with one hour to test for English language skills. 

In this test candidates need to write comprehension, short precis, letter writing and essay for a given topic. 

Phase-II: The group discussion will be held for 20 marks after the interview which will be for 30 marks. The candidates who get pass marks in the written test will be called for group discussion and interview.

Phase-III: The final selection will be based on the marks scored in the written test, group discussion and interview. The marks will be converted to 100 and the selection will be made from the top-ranked candidates in each category.


How should I prepare?
You should buy good books (classes is not necessary if you can do your own study)
Practice the mock test multiple times
Read good newspaper like The Hindu or The Economic Times and analyse

All queries are welcome and all the best

Here is the official advertisement



Govind
Mumbai, September 15, 2014
Summary: Well, this opening is a bullshit from a good recruitment point of view. First of all, what is the guarantee that a full time MBA is better than a distance learning MBA holders?
Second, it limits people from financial and thats too listed organisation only. 

It is highly beneficial for the people working in cooperative schedule bank but not getting good salary. 

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