Anangsha PatraDeputy Manager – Editorial
SBI SO Salary: State Bank of India (SBI) conducts SBI SO exam to recruit Specialist Officers for various departments. The exam is conducted every year to fill both permanent and contractual positions of SO in the bank. The job profile is one of the coveted posts because of the SBI SO salary offered to candidates. The salary is different for different posts and grades. For eg: the basic SBI SO salary for Junior Management (Grade 1) is INR 23,700 while the salary for Middle Management Grade Scale II (MMGS II) is INR 31,705. Besides, candidates are entitled to various allowances and perks. 'What is SBI SO salary?', is the common question asked by the students appearing for the exam. They search for the salary of SBI SO to check how much remuneration they will get after offered appointment to the post. Here, in this article we have explained SBI SO salary, job profile and career growth.
Q: What is the salary of SBI SO?
The salary of a SBI Specialist Officer varies from position to position and from grade to grade. For example, a junior management grade scale I officer starts at a basic salary of INR 23,700 which can go up to INR 42,020 with the passage of time. Middle Management and senior management positions have higher starting salaries and pay scales.
Besides the basic salary, SBI SO’s also get Dearness Allowance, House Rent Allowance, City Compensation Allowance, and other allowances. SBI SOs also get perks like Provident Fund, Contributory pension fund, Medical facility, and Lease facility.
The in-hand salary of an SBI Specialist Officer is usually between INR 42,000 and 45,000 with or without additional benefits and allowances.
Upvote 
Q: How is life after clearing SBI SO?
After passing the SBI Specialist Officer (SO) test, one can lead a challenging and fulfilling life. Joining one of the biggest banking companies in India as a SO gives you the chance to advance both professionally and personally. Depending on the exact position, the role usually entails specialised tasks that support the bank's operations and service delivery. Examples of these tasks include IT, finance, law, or analytics. Together with a competitive pay and full benefits package, the position offers the prestige of working for a well-known public sector bank.
Upvote Q: How much time is required for SBI SO exam preparation?
Generally, at least six months of dedicated preparation is required to cover the comprehensive syllabus and test different question types. During this time, you will be able to fully grasp the concepts, boost your problem-solving skills, and enhance your speed and precision. You will need to focus on reasoning, quantitative ability, English language skills, and professional knowledge. You will also need to do regular mock tests and revise topics to reinforce your learning and identify areas that require more focus.
Upvote SBI SO Salary: Grade-Wise Pay Scale
The grade-wise pay scale of SBI SO is given below:
| Grade |
SBI SO Pay Scale |
|---|---|
| Assistant Manager (Network Security Specialist) & Assistant Manager (Routing & Switching) (JMGS-I) Junior Management Grade Scale I | 36,000-1490/7-46,430-1740/2-49,910-1990/7-63840 |
| Junior Management Grade Scale I (JMGS I) |
23,700-980/7-30,560-1145/2-32,850-1310/7-42,020 |
| Middle Management Grade Scale II (MMGS II) |
31,705-1145/1-32,850-1310/10-45,950 |
| Middle Management Grade Scale III (MMGS III) |
42,020-1310/5-48,570-1460/2-51,490 |
| Senior Management Grade Scale IV (SMGS-IV) |
50,030-1460/4-55,870-1650/2-59,170 |
SBI SO Salary for Different Posts
SBI SO salary structure for different posts is given in the table below.
| Post | Pay Scale/Salary (In INR) |
|---|---|
| Credit Analysis MMGS-III |
42,020-1310/5-48,570-1460/2-51,490 |
| Product Manager |
42,020-1310/5-48,570-1460/2-51,490 |
| Data Analyst Manager |
42,020-1310/5-48570-1460/2-51,490 |
| Digital Marketing Manager |
42,020-1310/5-48,570-1460/2-51,490 |
| Faculty, SBIL |
25 lakh to 40 lakh per annum |
| Sr. Executive (Digital Relations, Analytics, Digital Marketing) |
12 lakh to 20 lakh per annum |
| Executive (FI & MM) |
6 lakh per annum |
| Sr. Executive (Social Banking & CSR) |
10 lakh per annum |
| Deputy Manager (IS Audit) |
31,705-1145/1-32,850-1310/10-45,950 |
| Vice President (Stressed Assets Marketing) |
40 lakh to 43 lakh per annum |
| Chief Manager (Special situation Team) |
50,030-1460/4-55,870-1650/2-59,170 |
| Deputy Manager (Stressed Assets Marketing) |
31,705-1145/1-32,850-1310/10-45,950 |
| Head (Product, Investment & Research) |
80.00 lakh to 99.62 lakh per annum |
| Central Research Team (Portfolio Analysis & Data Analytics) |
25.00 lakh to 50.00 lakh per annum |
| Central Research Team (Support) |
7.00 lakh to 10.00 lakh per annum |
| Investment Officer |
12.00 lakh to 18.00 lakh per annum |
| Project Development Manager (Technology) |
12.00 lakh to 18.00 lakh per annum |
| Relationship Manager |
6.00 lakh to 15.00 lakh per annum |
| Relationship Manager (Team Lead) |
10.00 lakh to 28.00 lakh per annum |
| Deputy Manager- Law |
31,705-1145/1-32,850-1310/10-45,950 |
SBI SO Salary: Perks and Allowances
The perks and allowances offered to different posts are given below:
Assistant Manager (Network Security Specialist) & Assistant Manager (Routing & Switching)
Candidates are eligible for DA, HRA, CCA, PF, Pension Fund, LFC, Medical Facility etc. as per rules in force from time to time.
MMGS Grade Scale III
Candidates are eligible for DA, HRA, CCA, PF, Contributory Pension Fund, LFC, Medical Facility, etc. as per rules in force from time to time.
Faculty, SBIL, Kolkata
In addition to CTC, candidates are offered other perks such as Travelling Expenses (TE) for traveling by taxi, air (economy class) in case of traveling on official duties, and Deputation Allowance (DA) equivalent to the Assistant General Manager of the bank. The selected faculty will be allowed to utilize up to a maximum of 90 days p.a in external teaching/ consulting on a revenue-sharing model. Where income generated is more than INR 5 lakh per annum from these activities, 40 per cent of the excess amount shall be shared with the institute (Taxes as applicable).
Chief Manager (Special situation Team) & Deputy Manager (Stressed Assets Marketing)
The officials are eligible for DA, HRA, CCA, PF, Contributory Pension Fund, LFC, Medical Facility, etc. as per rules in force from time to time.
Deputy Manager (Stressed Assets Marketing)
No perks/other benefits, other than CTC are given to candidates. CTC compromised fixed pay and variable pay in the ratio of 80:20.
Executive (FI & MM) and Sr. Executive (Social Banking & CSR)
Fixed pay component is 70 per cent, variable pay component of 30 per cent, annual increment of maximum 10 per cent subject to fulfillment of bank’s conditions, travelling allowance and other perks are applicable as per bank’s rule.
Deputy Manager (IS Audit)
The officials are eligible for DA, HRA, CCA, PF, Contributory Pension, LFC, Medical Facility, etc as per rules in force from time to time.
SBI SO Job Profile
The job profiles of SBI SO vary as per posts. The job responsibilities across various posts and grades are given below:
- Identify and evaluate different operation related issues with respect to business requirements
- Establish efficient and fruitful communication with customers and clients
- Supervise and handle system/server installation, configuration and monitoring
- Business development and expansion
- Overseeing the function of the respective departments
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