RBI Grade B official notification has been released on January 28, 2021. On the same day, SEBI also announced the Phase 1 result of SEBI Grade A 2020 exam. If you have been shortlisted for SEBI Grade A 2020 and contemplating on whether you should write RBI Grade B 2021 or not, this article is for you. Also, if you are the one who is going to apply for RBI Grade B 2021 but considering SEBI Grade A 2021 as well for the future you should also stick around.
In the following article, we are going to discuss how you can prepare simultaneously for RBI Grade B and SEBI Grade A . We will discuss all the key points like Work profile, salary, Perks and benefits, Career prospects and more.
What is Better: RBI or SEBI?
The answer lies in your area of interest as both are financial sector regulators with defined scope of regulation. On one hand, RBI is the Central bank and banking sector regulator of Banks, Non-banking (NBFCs) organizations, Government debt market and Forex markets, SEBI on the other is the market regulator of Equity markets, corporate bond markets and Commodity Markets.
- Both need to work in harmony to ensure stable and efficient economic and financial systems in India
- Both work closely with Government
- RBI’s genesis goes back to 1867 and formal establishment in 1934 while SEBI is relatively a very young organisation with statutory powers being received in 1992, although established in 1988.
- Over the years, SEBI has grown in its importance and scope of regulation with the evolution of the financial markets in India.
RBI Grade B and SEBI Grade A Job Profile, Salary and Career Prospects comparison.
One of the key reasons why aspirants incline towards high end exams like RBI Grade B and SEBI Grade A is because along with big brand name it also provides a handsome salary and brilliant work profile. You don’t have to worry about the rural posting as well because the regional offices of both of them are either in Mumbai or in the state capitals only. To give you a clear idea about the salary, perks, career prospects, a detailed table is provided below.
|RBI Grade B||SEBI Grade A|
|Salary||Basic ₹ 35,150,₹ 85,000||Basic ₹ 28,150,₹ 75,000|
|Perks and allowances||Residential Accommodation, Fuel reimbursement, LFC, Medical, Furniture, Books, Newspaper, Internet, Phone, Low interest Loans||Same|
|Place of posting||Mumbai, State Capitals||Mumbai, State Capitals|
|Work profile||Central Banking and regulatory & supervisory||Regulatory & supervisory|
|Career Prospects||Highest level of recruitment, get promoted to top management||Same|
Why should you prepare for RBI Grade B and SEBI Grade A together?
Second thing is that you have prepared for Phase 1 of RBI to a large extent if you have cleared SEBI Phase 1. You just have to work on your sectional timings. This will be covered by practicing RBI Grade B Phase 1 Free Mock Tests.
You also have prepared for Phase 2 of SEBI to a large extent while preparing for SEBI Phase 1 as the Paper 2 syllabus is the same in SEBI Grade A Phase 1 and Phase 2. Also, your Descriptive English will be taken care of simultaneously for RBI Grade B Phase 2.
Having so much in common, it will be a huge mistake not to apply for RBI Grade B 2021 if you are writing SEBI Grade A 2020 Phase 2 exam. Day wise Study Plan for RBI Grade B 2021 and SEBI Grade A 2020 has been explained in the video by Ms. Prachi Agarwal.
If you want to prepare for both, but are overwhelmed, ixamBee can give you that competitive edge. You can join ixamBee like other aspirants through our RBI Grade B & SEBI Combo Online Course. This course has been curated to help you with RBI Grade B alongside SEBI Grade A exam. You are advised to visit our Website for further information.
All the best for RBI Grade B 2021 Exam!!
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