In this article, we have shared list of government career which finance enthusiastic can choose. All of the government careers are highly esteemed and their perks and privileges are more or equal with private job sector.
Top career streams in government sectors for finance people
Indian Revenue Service IRS
The Indian Revenue Service is a part of an exam of Indian Administrative Services. The exam is conducted annually and the details of the exam are as follows:
Job Profile
The job profile involves formulating policies, implementing those policies, discharging functions of quasi-judicial authority and negotiations of agreements.
Salary
The lowest pay scale starts from ₹15,600-₹39,100 and the highest fixed pay is ₹80,000.
Exam Pattern
Each year UPSC conducts Civil Services Exams (UPSC CSE) to choose brightest of students for various administrative posts. Indian Revenue services is one of the top career being offered from this exams. This exam is conducted in 3 phases – Prelims , Main exams and Interview.
Syllabus
Stage 1: Paper 1 – General Studies, Paper 2 – CSAT.
Phase 1 of UPSC CSE consists of 2 papers – General studies and CSAT exam.
Phase 2 of UPSC CSE consists of 6 papers- General studies 1 (GS1) , GS2, GS3, GS4, Language and Optional
SEBI Grade A
Job Profile
The job profile involves approval of stock exchanges, amendment of by-laws, inspections of Accounts of Stock Exchanges, identification and approval of malpractices, steps to increase investors’ knowledge, suspension of security trading and grant and withdrawal of stock exchange.
Salary
The pay scale is ₹28,150-₹34,350-₹46,600-₹53,600-₹55,600. Candidates approximately get ₹92,000 per month for those without accommodation provided and for those with accommodation, the total is ₹62,000 per month.
Exam Pattern
The Securities and Exchange Board of India conducts exam to fill vacancies in the institute. The details of the exam are as follows:
Stage 1: Prelims
Stage 2: Mains
Stage 3: Interview
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Syllabus
Stage 1: General Awareness – 40 marks, English – 40 marks, Quants – 40 marks, Reasoning – 40 marks and Awareness about Securities Market – 40 marks.
IRDAI
The Insurance Regulatory and Development Authority of India is an independent authority under Ministry of Finance of India.
Job Profile
The job profile for an assistant manager involves interacting with existing and potential clients, formulating new schemes, inspecting policies, facilitating communication internally about policies and schemes and executing other tasks.
Salary
The starting basic pay for assistant managers in IRDAI is ₹28,150 per month. Initial monthly gross emoluments amount to ₹81,000. Other perks like DA and HRA are included.
Exam Pattern
IRDAI conducts an exam annually for the post of Assistant Manager. The details for the exam are as given below:
Stage 1: Prelims
Stage 2: Mains
Syllabus
Stage 1: Reasoning – 40 marks, General Awareness – 40 marks, English – 40 marks and Quants – 40 marks.
Stage 2: Paper 1 – English, Paper 2 – Economic and Social Issues impacting Insurance and Paper 3 – Insurance and Management. Total 300 marks for the descriptive type.
IBBI
The Insolvency and Bankruptcy Board of India conducts the Grade A exam every year. The details are as follows:
Job Profile
The job profile for Grade A officers is the same as any other Grade A officers’ tasks in other departments.
Salary
The pay scale is ₹28,150-₹34,350-₹46,600-₹53,600-₹55,600 in 17 years duration. Other benefits and allowances are rewarded to the officers.
Exam Pattern
Stage 1: Test
Stage 2: Group Discussion
Stage 3: Interview
Syllabus
English – 30 marks, Quants – 20 marks, Reasoning – 20 marks, General Awareness – 20 marks, Economy/Financial Sector Awareness – 20 marks and Insolvency and Related Laws – 30 marks.
SIDBI Grade A
The Small Industries Development Bank of India conducts the Grade A officer exam every year. The details are as follows:
Job Profile
The job profile for Grade A officers is the same as any other Grade A officers’ tasks in other departments
Salary
The basic pay is ₹17,100 per month. The scale of pay is ₹17,100-₹28,100-₹32,100-₹33,200. Emoluments and other grants are allowed.
Exam Pattern
Stage 1: Exam
Stage 2: Interview
Syllabus
Computer Knowledge – 20 marks, English – 40 marks, General Awareness – 40 marks, Reasoning – 50 marks, Quants – 50 marks.
RBI Grade B
The Reserve Bank of India conducts exam for Grade B officers. The exam details are as given below:
Job Profile
The job profile involves maintaining nation’s financial stability, currency issue and circulation and management of government accounts.
Salary
The basic pay is ₹35,150. The pay scale is ₹35,150-₹54,400. The officer is eligible for DA, HRA, etc. The gross emoluments total to around ₹75,831.
Exam Pattern
Stage 1: Prelims
Stage 2: Mains
Stage 3: Interview
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Syllabus
Phase 1: General Awareness – 80 marks, Quantitative Ability – 30 marks, English – 30 marks and Reasoning – 60 marks.
Phase 2: Economics and Social Issues, Finance and Management, English
RBI Assistant
The Reserve Bank of India conducts the RBI Assistant exam every year. The details of the exam are:
Job Profile
An RBI Assistant is required to complete tasks like data entry, file work, replying to mails and inward and outward mail entry.
Salary
The basic pay is ₹15,000 per month. Allowances like DA, HRA, City Compensatory Allowance, Transport Allowance, etc. The gross emoluments amount to around ₹30,000 per month.
Exam Pattern
Stage 1: Preliminary
Stage 2: Mains
Syllabus
Stage 1: English – 30 marks, Math – 35 marks and Reasoning – 35 marks
Stage 2: English – 40 marks, Math – 40 marks, Reasoning – 40 marks, Computer Knowledge – 40 marks and General Awareness – 40 marks.
NABARD
The NABARD Grade A preliminary exam was conducted on 16th June of 2019 and the date for the mains is yet to be announced. The details of the exam are as follows:
Job Profile
Maintaining customer relationships, monitoring accounting procedures, approving loans, enabling smooth functioning, etc are the various work requirements. But the job is diverse and involves a lot of multitasking.
Salary
The basic salary is ₹28,150. The pay scale is ₹28,150 – ₹34,350 – ₹46,600 – ₹53,600. Grade A officers are eligible for DA, HRA, Local Compensatory Allowance and Grade Allowance.
Exam Pattern
Stage 1: Preliminary
Stage 2: Mains
Stage 3: Interview
Syllabus
Math – 20 marks, Reasoning – 20 marks, English – 40 marks, Computer Knowledge – 20 marks, General Awareness – 20 marks, Economic and Social Issues – 40 marks and Agriculture and Rural Development – 40 marks.
NHB
The National Housing Bank of India conducts the Assistant Manager exam every year. The details are as follows:
Job Profile
The job profile includes assisting the manager in organising, planning and implementing strategy, coordinating retail store operations and ensuring store schedules and objectives are met by employess.
Salary
The starting basic pay for assistant managers in NHB is ₹28,150 per month. Initial monthly gross emoluments amount to ₹81,000. Other perks like DA and HRA are included.
Exam Pattern
Stage 1: Test
Stage 2: Interview
Syllabus
English – 40 marks, Reasoning – 50 marks, General Awareness – 40 marks, Computer Knowledge – 20 marks and Quants – 50 marks.
IDBI
The Industrial Development Bank of India conducts the Grade A exam annually. The details are given below:
Job Profile
The job profile includes lending service to customers, multitasking, financial works, handling desk works, creation of business and ATM related solutions.
Salary
The existent basic pay applicable to the Officers in Grade ‘A’ is Rs 23700/- per month in the pay scale of Rs 23700-980(7)-30560-1145(2)-32850-1310(7)-42020(17 years).
Exam Pattern
Stage 1: Test
Stage 2: Interview
Syllabus
Reasoning – 60 marks, English – 40 marks, Quantitative Aptitude – 40 marks and Banking/Finance – 60 marks