IBPS Bank PO vs IT Industry: Salary, Prestige, Job Security, Area of Interest, Growth Prospects and Work-Life Balance.

IBPS Bank PO vs IT Industry

Dear MockBankers

Each and every one of us desires a job that is not only comfortable but also keeps challenging us and thereby gives us growth. Moreover, we aspire for a job that helps us utilize our skills to the max and give a sense of purpose. Life becomes an amazing journey in this case.

So what actually is a good career option. Well, the question is debatable but the inference is, only that option, in which we see ourselves working hard and partying even harder, is where we see our holistic growth, both personally as well as professionally. While any white-collar job is respectable and might give a handsome salary, it is crucial to gauge if it is the right job for us. There are many aspects of the job that help us discern between a good and a bad job, such as work-life balance, prestige, salary, perks, etc. Accordingly, read this article to understand if an IT Job is worth it, or if there are better alternatives.

In the last decade, the IT industry has emerged as the preferred choice for youngsters of our generation, a ‘dream job’ as we call it. If you are an engineer from a good college, you will definitely prefer getting a campus placement in top IT companies viz. TCS, Infosys, Accenture, Wipro and the likes. We love these multinationals for their ‘culture’, ‘growth’, ‘perks’ and what not. But it is only after we start working for these behemoths that we realize that all that hubbub about corporate life and work culture was a mere delusion, a smokescreen.

We write codes for 8-10 hours daily, 5-6 days a week and it becomes monotonous. We realize our growth has shunted and find ourselves in the middle of an ocean with no land in sight. Nothing is exciting, challenging anymore. Consequently, there is no development and of course no growth. Life becomes an endless cycle of being a slave to deadlines.Bank PO vs IT Industry : SALARY, PRESTIGE, JOB SECURITY, AREA OF INTEREST, GROWTH PROSPECTS AND WORK LIFE BALANCE

After months and months of sulking and endless deliberations, the reality hits and we pledge to ourselves ‘Not Anymore’, but then we are faced with another equally profound dilemma “If not IT, then WHAT?”

Well we feel we have cracked the answer to the ultimate question and it is: “Bank PO”

Bank PO is one of the most sought job in India. It is a guarantee of a secure future coupled with the prestige of working within the government sector.

We will compare Bank PO vs IT industry to see if it’s really the answer.

IBPS Bank PO Prestige vs IT Industry Prestige

  • Let’s face it, unlike the western world, in our country the respect we get from still others matters. Be it for shaadi or rishtedars or in-laws of siblings.
  • IT industry was and is the dream sector for the Indian middle class. If you are working in a big shot IT firm, nobody will bother about your other credentials. ‘Yahan Naam mein sab rakha hai’.
  • A Bank PO, though less suave is considered equally good.
  • So we leave it upto you to decide this round. Please answer the question below:

Bank PO Comprehensive Online Preparation Package

IBPS Bank PO Job Security vs IT Industry Job Security

  • Well, the stakes are equally set here, but only if you are living in the Pre-Recession era. IT companies were riding high on the Y2K growth and things were all rosy and good. Then came the 2008 Recession and mayhem spread.
  • IT employees got new words in their dictionaries ‘Pink Slips’, ‘Layoffs’, ‘Debt’. Though the present situation is better than 2008, nobody and we stress NOBODY can safely predict when the next recession might hit and sweep us with it. IT industry is prone to market forces and any day can very well be your last day at the firm. This coupled with the automation revolution has rendered thousands if not millions of IT industry stewards useless. To improve bottom lines, companies are reducing the flab and are going agile, making mass firings a norm.
  • Do not believe us check out the following article in prominent national daily talking about over 15000 recent job cuts in IT industry :
  • Enter the Public Sector Banking Industry. Though 2008 crisis was a result of bankers not being able to control their greed, it didn’t affect the jobs of people working in Indian Public Sector Banks. Even in the darkest times there hasn’t been even a single mass layoff in the history of Indian PSBs.

It is true that Bank POs don’t get the lucrative ‘onsites’, but you are never left without a site. *winks.

IBPS Bank PO vs IT Industry #3: Area of Interest

  • IT jobs have a requirement – You need to know how to code. If you are not from CS/IT engineering, you either slog endless hours to learn it or ‘Tata Bye Bye dream IT company mein job’. We see civil engineers writing long lines of codes and imagining ‘What wrong did I do with my life.’
  • On the contrary Bank PO doesn’t has any specific requirements. You can be completely yourself and you will be considered. Everything there is to learn you learn it on job. The only requirement is to clear the IBPS or SBI exam, which by the way every IT company also conducts – ‘Apty’.

IBPS Bank PO vs IT Industry #4: Salary and Perks

  • The main bone of contention among all the candidates – Salary.
  • A salary of entry level PO is higher than that compared to other entry-level IT jobs. The CTC package of a  probationary officer is easily around ₹5-6 lakh per annum. It is even more for RBI and SBI.

Show me the Latest Salary Structure of Bank Jobs

  • Now add to this the perks offered by Public Sector Banks. All PSBs give you leased housing and allowances for things like newspapers, chai and even furniture. I mean WHAT!!
  • Almost 30-40% of the salary of an IT industry worker goes to pay his bills, rent and transportation. Compared to this, Bank POs are able to save more than 60%  of the salary as their housing is taken care of.
  • This one goes to the banking industry.

IBPS Bank PO Work-Life Balance vs IT Industry Work-Life Balance

  • In an IT job, you have uncertain timings at work, working nights ( so that you can manage your US client’s timing) and no holidays on many occasions.
  • But that’s not the case with banks. Timings are fixed. You get more holidays than IT industry. This means you get to spend more time with your family and friends. You will never work on Holi, Diwali, Eid and Christmas. Hence, bank jobs help you to maintain an effective work-life balance.

IBPS Bank PO Growth Prospects vs IT Industry Growth Prospects

  • It takes around 10 years of blood and sweat to become a Mid-level Manager in an IT firm. Even then there is always a sword of uncertainty hanging over your faith.
  • If you join as a probationary officer (PO) in PSBs you rise to become Branch Manager within 4-5 years and if you are fortunate enough, you can rise to the post of Chairman.

We have now compared Bank PO and IT industry jobs on 6 parameters.

Which is better from your perspective? Well we are waiting for your answer.

Check out the following questions and answers on Quora on Bank PO vs IT Industry-

Bank PO Comprehensive Online Preparation Package



  1. I am not a very career oriented person… I want peace in life ….there are things more important in life than job…. MNC job is also good

  2. are you sure actually i have 1year experience in oracle dba and trying to get in mnc and side wise preparing bank job.Is it worth to join bank an leave software field

  3. I have 4+ years of experience now in private… 3.7 years in Amazon and my name came in Punjab and Sind Bank for PO…. though my salary may go down but I am going to join it because I need a change in life and working in different shifts fucked my relationship…. this private job is responsible for me not able to take care of my gf and now I think what I gained after loosing the most valuable thing

  4. If entry level PO in PSB has a CTC of 7-8 lacs including leased housing and other perks then what will be his CTC if he leaves PSB after 5 years and joins pvt bank…It wont be less than 15-20 lacs…So growth of PO is way better than IT engineers..!!!

  5. In IT one easily becomes TL under 3 years time… A team leader is kind of manager with less responsibility & authority. Yet an IT TL enjoys much more monetary benefits then a Bank manager..

    I know at least 3 such examples where the person became manager in 5 years… It solely depends on your skill set & learning ability.

  6. Hi,

    Well i want to meet the guy who became manager in IT after joining at entry level in 5 Years… Cozz bro mind it…Its impossible

  7. Well Salary and designation comparison is not done properly, In IT one easily becomes a manager in 5 years and the salary is much much much more along with perks of working in corporate, I mean the work culture is quite different. Parties, Fun @ Work are exclusive in corporate. Banks are opening up their environment nowadays but a lot to catch up. The greatest thing is the prestige, Sarkaari job ka tag is the greatet thing you get along with a job in Banks 😉

  8. If anyone is looking to apply for IT jobs then currently Ideavate is having an openings in various fields..

  9. After 4-5 years in tier 1 IT company(eg: Linkedn) employees salary bumps up to somewhere between 24-36 lakhs per annum. I dont think PSU will pay that much for 15 year experienced banker.

  10. Yes offcourse salary of an IT employee will be more than an PSU employee after 5 – 8 years. But expense of an IT employee will be more as all of them lives in metro or A class cities of India. At the end of the day how much you save will matter. Truly agree with your point that you can have your own start up if you are from IT sector. so if you can start up your own firm, then nothing is better than that. One risk factor working an IT company is the pyramid structure of the organization unlike PSU. If you see closely only 5-10% people are aged 45+ in an IT company. Its not always about salary its about living your life.

  11. With new pension system both PSU and IT sector employee get same benefit, no different at all, salary in IT after 5 years probably higher then Bank employee except some facilities, In IT you can start you own start up in future

  12. mostly unemployed and unskilled students choose Bank PO simple logic, IT companies seeks high skill labor, Over all respect in IT seems much higher then PO, My 2 cousins working in IT industries have high respect then my Father ” Branch manager in SBI “, However there are many many jobs where competition is pretty less and job security is higher for example aviation and petroleum, My mom is patient, her treatment costs 16 lack a year, and Bank is paying 85 % of money and for employee its 100%, But despite respect IT industry kick your ass in these situations

  13. If you do not get onsite opportunity , then working in an IT company like a slave is a complete waste. And also life is a marathon and not a 100 meters race. There will be lots of ups and down in ones life and they will expect to give your best in those situation as well. Also there will be all together different life after 40, Its not always possible to always adopt to the new technologies and trend.
    The worst years of PSU will be the initial years where you will be transferred to some remote areas. But after 3-4 years you can expect a much better and healthy life.

  14. Agreed. This comparison was done only for PSBs vs IT industry. The difference between gov. job and PSB job are many. We will soon post an article on gov. job vs bank po job in PSB.

  15. Hi Vibhav
    But Banks are not purely government sector with compared to the Railway.

    May i know the difference between government job and public sector (banks) jobs.


  16. Only the entry level salaries are comparae else IT beats bank job hands down when you move into middle and senior management. And God knows from where did you get this insane idea that there’s work life balance in banks. Even 24 hours are not sufficient to please the management and meet targets.

  17. Each and every point is 100% genuine. Thanks a lot!!! mockbank!!! I have experienced this thing in the IT Industry in the last 2 years personally!!!

  18. I like bank jobs & its my dream to become a Bank PO, nowadays it is equally prestigious to work in banking sector or IT sector

Comments are closed.