NABARD Grade A notification was out on January 15, 2020, with 150 vacancies. The Prelims of this prestigious job was conducted on February 25, 2020, but because of COVID-19 pandemic, the Mains exam has been postponed until further notice. The notification of another prestigious job i.e. SEBI Grade A was released on March 7, 2020, with 147 vacancies the number of which is quite similar to that of NABARD Grade A. Even for this exam, the Prelims & Mains exam are postponed until further notice because of COVID-19. Please note that both of these are officer-level jobs and are heavily sought after jobs by aspirants who are preparing for government exams.
Know NABARD & SEBI
Because both of the exams are more or less at the same level, aspirants are sometimes confused between both these jobs profiles: NABARD Grade A & SEBI Grade A. Both these jobs have their own plus and minuses. NABARD, on the one hand, is an apex development finance institution in India. The bank has been entrusted with “matters concerning policy, planning, and operations in the field of credit for agriculture and other economic activities in rural areas in India”. It has 31 regional offices in the country. SEBI, on the other hand, is the regulator of the securities and commodity market in India owned by the Government of India. SEBI has 20 departments. In this article, we will clarify all the differences between these 2 job profiles. Let’s get started:
|Parameter||NABARD Grade A||SEBI Grade A|
|Job Profile||No matter what your qualifications are as an Assistant Manager you will get posted in any department and the Assistant Managers will have to report to the Chief General Manager (CGM) of the regional NABARD office. Mentioning below are few roles and responsibilities of NABARD Grade A Assistant Manager:To do clerical work and need to work under the Manager.To carry out any clerical or managerial task assigned by the CGM.To deal with both State and Central Government policy issues related to agriculture and rural development.To stay connected with the Bank industry and State Government.To promote financial literacy centres (FLC) providing knowledge to the customers.||There are different streams within SEBI- General, Legal, Electrical, IT etc. which have different sets of functions. Aspirants clearing the SEBI will be assigned to different departments. Generally, the responsibilities and duties of SEBI as an organization are below:Approval of stock exchanges by-laws.Amendment of by-laws of Stock Exchanges.Inspection of Accounts of Stock Exchanges and various players.Identify and Investigate any malpractices within Securities MarketsTaking steps for increasing Investors knowledge on Securities MarketsSuspension of Security Tradings of a Stock ExchangeGranting and Withdrawing Recognition of a Stock Exchange|
|Career Growth||As far as NABARD Grade A 2020 career growth is concerned, mentioned below is the career path of the same.Assistant ManagerManagerAssistant General ManagerDeputy General ManagerGeneral ManagerChief General ManagerExecutive DirectorDirector||The next promotion for Grade A Officers is Grade B level. An employee needs to complete a service period of a minimum of 3 years. Once done, they need to apply for a promotion test. But, please bear in mind that the time required for promotion from Grade A to Grade B depends upon several factors like the internal policies and vacancies available at Grade B level. For your reference, the hierarchy in SEBI is given below:|
Executive DirectorGrade FGrade EGrade DGrade CGrade B7Grade AJunior Assistant
|Work Culture||As far as NABARD’s work culture is concerned the working environment there is progressive, but purely bureaucratic. Those selected will be working for 5 days a week in which Saturday and Sundays will be fixed holidays. If we talk about the office timings it generally remains from 9:30 to 5:30. The selected candidates have to create several development plans and need to prepare potential linked credit plan.||SEBI Grade A is a typical 9 to 5 job. There is a little bit of work pressure in the office. But you learn a lot on Securities Market while you are on this job.|
|Salary||Approximate Initial Monthly Gross Salary is Rs. 62,600||Approximate in-hand salary (with accommodation) is Rs 62,000|
|Pay Scale||28150- 1550(4)- 34350- 1750(7)- 46600- EB- 1750(4)- 53600- 2000(1)- 55600||28150- 1550(4)- 34350- 1750(7)- 46600- EB- 1750(4)- 53600- 2000(1)- 55600|
|Allowances||Dearness Allowance, Local Compensatory Allowance, reimbursement of expenses for maintenance of vehicle for official purpose, newspaper, internet, telephone charges, book grant, and allowance for furnishing of residence, etc.||Dearness Allowance, Family Allowance, Local Allowance, Leave Fare Concession, Eye Refraction, Financial Dailies, Book Grant, Briefcase, Conveyance Expenses, House Cleaning Allowance, Medical Expenses, Staff Furnishing Scheme, Scheme for Purchasing Computers, Education Allowance, Subsidized Lunch Facility|
To decide which one is better, both NABARD Grade A & SEBI Grade A profiles are in neck and neck competition. Both of these are officer level jobs and have almost the same payscale. The responsibilities of both the job profiles will obviously differ. NABARD initiatives are aimed at building an empowered and financially inclusive rural India through specific goal-oriented departments which can be categorized broadly into three heads: Financial, Developmental and Supervision. On the other hand, SEBI is the regulator of the securities and commodity market in India owned by the Government of India. So it really depends on your interest.
This is all from us in this article. If you have any feedback/input for us, please let us know in the comments section below.
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