Right now, a university degree qualifies one for applying IBPS exams if the applicant fulfills the given the age condition. What about professionals? Do they have any special consideration on account of their better skills and education? Well, such a privilege is not available to them in case of regular IBPS exams. However, they get a better standing for IBPS Specialist Officers exam, where they could compete with the equally able candidates. IBPS’s specialist recruitment put forwards a very promising opportunity for Engineers, Business Managers, Chartered Accountants, Lawyers, looking forward to a safe, secure and rewarding career in Indian financial institutions.
What are the duties of Specialist Officers in the Bank? How their role is different from Clerk, PO positions?
Like any office, a bank requires people for keeping it’s “nuts and bolts” intact. While the Probationary Officers and Clerks run the day-to-day operations and business in a bank, the role of a Specialist Officer (SO) sprawls in the background activities, especially in the following areas.
- Duties of IT Specialist officers: It would be the responsibility of IT officers to oversee the technological perspectives of banking affairs, both software, and hardware. Nearly all banks contracting in the “IBPS recruitment” have shifted to core-banking for operations, and they use software like FLEXCUBE, Finacle, BanCS, SAP, etc. An IT officer will undergo training in all these domains; they should be able to service, configure troubleshoot the software, computers and networks that run the banking business. An IT officer in a senior manager role should be able to the assess the future IT interests of the bank, plan scaling, issue tenders, and report IT vacancies to the HR department. In this age of e-Banking, IT officers play a crucial role in acquiring more customers to the bank: no reason why the IT specialists contribute maximum number of jobs after management posts.
- Duties of Lawyers as Specialist Officers: Lawyers work on forming the policies of the banks in consultation with senior managers. The instructions and conditions we see in a loan, savings, credit card applications are documented and verified by practicing lawyers. They appear for the respective banks in Courts, process notices to the defaulting customers, and help a bank in taking over attached properties, etc. They are also responsible for making it sure that the bank functions in compliance with the law of the land.
- Role of a Bank specialist as Agriculture Field officer:The primary responsibility of an Agriculture officer is to promote banking services among farmers and cultivators. They have to evaluate the property and assets of potential customers and suggest a reliable approach for increasing the crop yield and performance, in such way that it would profit the banks. They should be able to communicate new technologies (Eg: Greenhouse and Hi-Tech farming ) to farmers, and explain about related financial products (Eg: Kisan Credit Cards) or loans available to them.
- Duties of Chartered accountants as Specialist Officers: CA or Chartered accountants do auditing and are the heads of all accounting in a bank. Charted Accountants hold top offices as financial planners, tax gurus and advisers to the General Managers. They are responsible for formatting and checking the accuracy of profit/loss statements and other documents for the investor community. They should be able to provide suggestions for the profitable operation of the bank based on RBI policies and other factors.
- Role of a Marketing Specialist Officer: The duty of an officer in this category is to improve the profits and market presence of the bank through various campaigns and promotions. They should have a precise perception about the financial products of the bank, and they may have to devise plans to sell it to the high net-worth individuals and others. In a sum, lead-generation and follow-up are the fundamental roles of marketing officers.
- Duties of Specialist Officers in HR Cadre: A Human Resources professional plays a critical role in any institution. Junior HR officers in a Bank usually handle the training and induction of new employees, circulating appraisal forms, forming leave schedules, creation of salary accounts, etc. Senior HR managers conduct interviews, take classes, deal with labor laws, promotion and other serious matters. In fact, it is HR specialist officers who report the open vacancies in a Bank to recruiting agencies like IBPS.
- Rajbhasha Adhikari: The Specialist Officer in an Indian Bank who deals with the National language is a Rajbhasha Adhikari. The individual applying for the post of Rajbhasha Adhikari should be able to create error-free Hindi documents, and translate smoothly between Hindi, English and other regional* languages.
Salary and other benefits available to Specialist officers
Specialist Officers enjoy a plethora of perks in Indian banks, usually equivalent to the Probationary Officers (PO) in the same rank. As of 2015, the starting salary of an IBPS Specialist Officer is around 30500 INR in rural cities. You can calculate the in-hand salary by adding the Basic Pay with the latest DA component given Indian Banking Association’s website, HRA and the City Compensatory Allowance, if any. The range of benefits provided to a Specialist Officer vary with the financial institution: many of them provide newspaper/laundry allowances, medical coverage, TA and rented accommodation..
Specialist Officers will get adequate training in respective departments before their appointment to the JMG (Junior Management) Scale I position. They will be promoted to JMG Scale II to and MMG (Middle Management) Scales in the upcoming years based on performance in tests/interviews, and service rules. Experienced hands may directly join the JMG Scale II post by clearing the relevant IBPS Specialist Exam.
IBPS specialist recruitment process
Standard hiring process in Indian PSU banks involves a combination of entrance exam and interviews. IBPS’s recruitment facility suite the requirement of the banks, and now more than 25 PSU banks prefer their platform for joint recruitment of officers.
The major part of IBPS’s Specialist recruitment is the Online exam that they conduct every year in the month February. Candidates wishing to attend the IBPS Specialist Exam have to apply for the same through IBPS website in advance, usually in the last months of the preceding year. Have a look at the schedule of latest/upcoming IBPS specialist exam registrations, below this line.
IBPS Specialist Exam 2015
- A candidate at time can only apply for a single IBPS specialist Cadre position. One can choose the Scale One or Scale Two based on his/her professional qualification and experience.
- The IBPS specialist Exam is quite similar to Clerk, PO and RRB exams when you compare the model of administration. It is a web-based exam where proficiency of the candidates get tested through objective questions. However, the testing pattern of the Specialist Exam is slightly distinctive from the rest of the IBPS recruitments on account of the professional competency part included in the syllabus. Professional knowledge section included in SO syllabus has the maximum marks among all subjects. Click here to check the full syllabus and pattern of IBPS specialist exam.
- Each of the IBPS Specialist posts has a separate educational requirement, also the upper age is restricted 30 for Scale I and 35 for Scale II posts. Computer education is mandatory for all the Specialist Officers, and the applicants should be able to produce one at the time of interview. Click here to read the complete eligibility conditions for appearing IBPS Specialist Exam in 2015.
- The registration for 2015’s Specialist exam has already begun, and it would last until 9th of December 2014. Kindly refer the eligibility conditions and syllabus before moving over to the enrollment system.
How to prepare for IBPS Specialist Exam 2015
- Out of the 200 marks you could score in IBPS Specialist Exam, 75 marks come from the “professional knowledge” section. Therefore, IBPS SO applicants should give more attention to the subjects associated to their domain or profession, especially the portions that touch banking business. For example, If you’re applying the IBPS specialist exam for lawyers, you should be concentrating on various laws and acts related to banking. Rules on contracts, recovery of debts, foreign exchange, securities, money laundering, RBI policies, etc. are a few important topics.
- Quantitative and reasoning section for IBPS specialist Exam carries basic to advanced mathematics and logical questions. At first it may appear a bit difficult when you start solving the logical questions or figure problems; do it one by one, you will find some similarities and the topic will get easier with time. Solve at least 1000 questions from this section by referring previous years question papers. You will understand the style of puzzles and will be able to find so many closely related problems.
- Time management is a very crucial thing if you want to crack IBPS specialist online examination. The reasoning/quantitative aptitude section kills a significant share of the time allocated to candidates. We recommend you get training from a good coaching center if you want to manage time wisely: they can guide you on reappearing questions and short-cut methods for solving them.
- Test of English holds only 25 marks in IBPS specialist exam. Your command of the English vocabulary, skill of reading comprehensions and understanding about the “errors in English” will get an analysis here.
- General awareness and banking knowledge can be effortlessly acquired by watching business news and referring online portals on a day-to-day basis. IBPS “Law officer” and “Rajabhasha Adhikari ” aspirants should give this module a greater priority- it is easy to score that 50 marks.
Best books for IBPS specialist examination
IBPS Clerk, PO, and RRB exams have a nearly equal syllabus: hardly the Specialist exam has a slight difference, to be precise, the inclusion of Professional Knowledge module. Now if you review, the syllabus IBPS shows in the exam notification is not that elaborate. A candidate reading IBPS’s outline for Specialist Recruitment may not get any impression about the nature of questions that would come for the actual examination. Here comes the importance of getting books that cover the past years IBPS question papers and studying in accordance with that pattern. We strongly suggest that you buy the books given below if you’re preparing for IBPS Specialist Exam: it could be useful for other IBPS recruitments too.
1. Book for IBPS Specialist Law officer exam: Click here to buy. Includes all the necessary Professional Knowledge for the legal domain.
2. Latest guide for IT Specialist officer exam : Click here to buy This book has the 2014’s IBPS IT question paper solved.
3. IBPS Agriculture Specialist Officer Exam guide: Click Here to Buy.
4. Manorma Yearbook 2015 (GK& Banking knowledge) Click here to buy . A must have book for all IBPS/UPSC/SSC aspirants in 2015.
5. A good reference for IBPS Marketing Specialist applicants: Click here to buy.
6. The best book available for IBPS HR candidates: Click here to buy.
7. IBPS + Bank Reasoning Question papers solved in a bundle : BUY.
8. IBPS + Bank Quantitative Aptitude question papers solved: BUY .
9. IBPS + Bank English previous years question papers (full set) : BUY.
The last three books incorporate questions from multiple bank exams organized in India from 1999-2014. This bundle has approximately 10000 questions and its solutions: it would be a great treasure in your arsenal if you buy the three as a combo for IBPS bank exam preparations.
Sample questions from IBPS specialist exams
IBPS Specialist Interview 2015
The second stage of IBPS Specialist recruitment starts with the publication of the online exam’s results. IBPS will notify the details of successful candidates on their website, and later the same people will get an invitation for the Common Interview through a call letter. The tentative schedule of the 2015’s IBPS SO results and Interview is what you see below.
An eminent panel will interview each candidate at a location mentioned in their call letter. Interviewers may focus more on the “professional sections” for specialist recruitment. The marks a candidate secure in the personal interview will be added to IBPS online exam score, after necessary adjustments. The Institute will then publish the final result at ibps.in portal, followed by the provisional allotment of successful candidates as Specialist Officers.