IDBI Recruitment 2022-Assistant Manager vs Executive
Industrial Development Bank of India (IDBI) is inviting applications to fill up 1044 posts for Executives (on contract) and 500 Posts for Assistant Managers, Grade- ‘A. AS the online registrations are open now and candidates can apply till June 17, 2022, many of them who want to make a career in IDBI want to know the difference between the two posts-Assistant Manager and Executive before it gets too late to apply.
In this article, we’ll shed light on the differences between the two to help you decide which post suits you best!
IDBI Recruitment 2022-IDBI Assistant Manager vs Executive
| Examination | IDBI (PGDBF) Assistant Manager 2022 | IDBI Executive 2022 |
| Designation | Assistant Manager | Customer service executive or Teller service executive |
| Selection stage | Phase I – Online exam Phase II – Group discussion and Interview | Phase I – Online exam Phase II – Medical test |
| Term of employment | Permanent | Contractual |
| Age limit | 21-28 years | 20-25 years |
IDBI Recruitment 2022-Assistant Manager vs Executive Posts: Salary, Benefits, Career Progressions
| Examination | IDBI Assistant Manager 2022 | IDBI Executive 2022 |
| Salary Structure | On successfully completing the course and joining the banks as an Assistant Manager, the candidate’s basic pay will be ₹ 36,000/- per month in the pay scale of 36000-1490(7)-46430-1740 (2) –49910–1990(7)–63840. Pay scales, allowances, reimbursements, perquisites, and other terms in effect at the time of joining, as well as those that may be altered from time to time. The total gross salary will be somewhere around ₹ 60,000 per month. Take the Latest IDBI Assistant Manager 2022 Mock Tests with Complete Analysis! | First-year : For the first year, an executive will be eligible to get ₹ 29,000/- per month. Second Year: In the second year of the candidate’s job as an executive, the candidate will get ₹ 31,000/- every month. Third Year : In the last year of the contractual period, an executive will be eligible for a monthly payment of ₹ 34,000/. Note: Since this post is contractual in nature, an executive shall not be entitled to draw any allowances such as Dearness Allowance, House Rent Allowance, etc. Take the Latest IDBI Executive 2022 Mock Tests with Complete Analysis! |
| Career Progression | IDBI Assistant Manager (Grade A) Manager (Grade B) Assistant General Manager (Grade C) Assistant General Manager (Grade D) Deputy General Manager (Grade D) General manager (Grade E) Take the Latest IDBI Assistant Manager 2022 Mock Tests with Complete Analysis! | After 3-year contract, promoted to Assistant manager based on performance. Take the Latest IDBI Executive 2022 Mock Tests with Complete Analysis! |
| Profile | 1. IDBI Assistant Manager is a multitasker. His job includes all managerial tasks like: -Supervision of clerical work -Making decisions for the benefit of the bank -Managing cash balance, etc. 2. IDBI Assistant Manager provides customer services. One of the most important works of any Bank officer is to take care of the customers and provide customers solutions and answer their queries. He provides banking services like: -Issuing checkbooks, ATM cards -opening new accounts, and more. He handles clerical jobs, provides ATM Related Solutions, creates Bank business, and plays Branch-specific roles. An Assistant Manager is considered to be the face of the branch. He is the answer to all the queries of junior employees and customers. Take the Latest IDBI Executive 2022 Mock Tests with Complete Analysis! | 1. He acts as a customer service Executive (CSE) who is responsible for handling the front desk. A CSE has to deal with operations like: -Cheque clearance -Clearing of bank suspense accounts -Any change in contact/address details updation A CSE also has sale targets. This job profile also includes the work of assisting the Assistant Manager. Teller service Executive (TSE) – A teller service executive has the job responsibilities same as a Bank Cashier. He/she is responsible for handling the teller counter. Take the Latest IDBI Executive 2022 Mock Tests with Complete Analysis! |
| Highest Rank Attainable | General Manager: When an individual fulfills all the responsibilities of the bank and does his job efficiently, he becomes eligible to get promoted to the various other senior management posts like: -IDBI Assistant Manager (Grade A) to -Manager (Grade B) to -Assistant General Manager (Grade C) to -Assistant General Manager (Grade D) to -Deputy General Manager (Grade D) to -General Manager (Grade E) Based on the GM’s experience and adequate involvement with the bank and its progress, and he/she can also become qualified to grab the prestigious post of Executive Director before retirement. Take the Latest IDBI Assistant Manager 2022 Mock Tests with Complete Analysis! | Assistant Manager: On successful completion of 3 years of contractual service, the appointees (Executives) may become eligible for appointment as Assistant Manager (Grade A) in IDBI Bank through a selection process conducted by the bank. Take the Latest IDBI Executive 2022 Mock Tests with Complete Analysis! |
Take-Away
Now, it is clear that an Assistant Manager’s post is higher than an Executive’s Post. And an executive can become an assistant Manager in three years’ time., whereas an Assistant Manager starts from a post that the Executives end up getting. Hence, you must note that the appointment of Executive will be on a contractual basis and would initially be for a period of 1 year. And that time period may be reviewed for an extension for 2 years, which would be possible if you exhibit satisfactory performance, complete the assigned mandatory e-learning certifications and there is the availability of vacancies. On successful completion of 3 years of contractual service, you may become eligible for appointment as Assistant Manager (Grade A) in IDBI Bank via a selection process conducted by the IDBI bank.
IDBI Bank Recruitment 2022: FAQ’s
Q. Can students who are in last year of their graduation apply for Assistant manager in IDBI?
A. No. Only graduates between the age of 21 – 28 years can apply for Assistant manager in IDBI.
Q. How many vacancies are available through IDBI Bank Recruitment 2022?
A. A total of 1044 Assistant Manager vacancies and 500 Executive vacancies are available through IDBI Bank Recruitment 2022.
Q. What is the online registration dates for IDBI Bank Recruitment 2022?
A. The online registration for IDBI Recruitment 2022 is now active from 03rd June to 17th June 2022.
Q. What is the required qualification for IDBI Bank Recruitment 2022?
A. Graduation from a recognized university is the required qualification for IDBI Bank Recruitment 2022
Q. Is the Executive post permanent?
A, No. The post is contractual. It can be extended for upto 3 years on the basis of an employees performance. IOn addition, the promotion to Assistant Manager is also possible based on performance.
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