RBI Grade B career for MBA

Should I Choose RBI Grade B or MBA

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People often have doubts on whether to go for higher studies like MBA or take up govt jobs like RBI Grade B . Although a lot depends upon person to person on whether he/she like job security or faster career growth, we have tried to compile list of areas comparing RBI Grade B career vs MBA studies. This article will also help if in case you are thinking of appearing for RBI Grade B after your MBA course.

RBI vs MBA

ParametersRBI Grade BMBA
What is it a JobAn Academic Degree
What in future1. Exposure of various field related to Finance & Banking in which RBI involves.
2. But fixed to Finance and Banking
3. RBI gives the sabbatical (some time scholarship) for higher study
If you join early you may reach to level of Deputy Governor.
Have opportunity to be trained for variety of discipline like Marketing and Sales, Finance, Operations, HR, Strategies and finally can choose one of them as the interest build up
PackageGood package if count all the perks (around 13 lakh-> different cities attract different package) Package varies from student calibre and college. It can be as high as in Crores or as low as 6-7 lakh
Job stability
Stable vs Dynamic
Stable job.
In a way you will be having job guarantee
You may be having flexibility to land up in stable or dynamic job. Off-course for having a choice you have to be good student.
Job Nature
Routine Work vs Challenging work
In beginning (beginning means 7-8 years) work would be not so excited. You will be mainly making notes for your bosses. But over the time as you grow up in hierarchy your view will started to have weight-age in RBI policyDepending upon which company you will join after MBA
You may have real challenging work every day (especially for the company which are in growth phase and in competitive market) like flipkart, Amazon, investment Banking firms.
or You may land up to do routine work have little challenges like in Tata or JSPL.
Job Nature
Politics
Nobody say anything about this honestly. But of-the-record it is being said there is not much office politics here regarding the positing or promotion as happen in other government department. Some novice thinks that politics is for government department. But politics in private company is also very prevalent to grow.

Subject Command required: RBI Grade B Vs MBA

SubjectRBI Grade BMBA
EnglishAverageVery Good
Quantitative Aptitude (DATA Analysis) Very GoodVery Good
Reasoning AverageVery Good
General Awareness Very GoodNot Required for written by required for interview (average level)
Economic Issues knowledgeVery GoodNot Required for written by required for interview (average level)
Finance and Management Knowledge AverageNot Required

RBI Grade B vs MBA

How to Choose

On basis of above, you can judge what is best for you as per your trait. One example of finding out has been illustrated in the following table:

TraitScaleRBI Grade BMBA
EnglishGoodYY
EnglishNot so GoodYN
Gradation marks less than60%
55% (for SC/STs)
NY
Job StabilityEssentialY--
Like taking Risk (Dynamism)Yes--Y
Like EconomyYesY--
MBA Admission offer from good colleges* Yes--Y
Shrewd and Good in office PoliticsNoYN

* top B-schools like IIMs, ISB, XLRI etc. For other B-School a study shows that less than 10% of MBA graduate is employable.

One more point which needs to brought out here. As many of UPSC aspirants also join the RBI Grade-B so that they can get a good time for study while being on job. But I have seen hardly anyone  who has cleared USPC-CSE while being on job of RBI Grade-B

Also if you have a strong interest in Finance, it is always advisable to join RBI rather than doing MBA. After that, if you don’t like the work in RBI or you seem to be stuck, then you can always pursue the MBA by taking sabbatical leave from RBI. None-the-less doing MBA after work experience (that too in a Central Bank of a Country) will always be much advantageous.  Further, it has been observed even the graduates from top B-schools also sought for RBI grade B managerial post as it is one of the respected posts among finance community.

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