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SBI SO (Specialist Officer) Finance exam

The SBI SO (Specialist Officer) Finance exam is conducted by the State Bank of India (SBI) for recruiting qualified professionals in various finance-related roles. These positions require candidates with expertise in finance and accounting to manage the financial activities of the bank, provide financial advisory services, and contribute to the bank’s overall financial strategies.

Key Details about the SBI SO Finance Exam:

  1. Eligibility Criteria:

    • Educational Qualification: Candidates must have a Master’s degree in Finance (such as an MBA or PGDBM with a specialization in Finance) or a CA (Chartered Accountant) or equivalent qualification from a recognized institution. For certain positions, a B.Com or a related degree in finance can also be acceptable.
    • Experience: For many of the specialist finance roles, candidates are expected to have prior experience in financial roles, ranging from 2 to 5 years of experience, depending on the specific position.
    • Age Limit: The age limit for candidates is generally 21 to 35 years, with age relaxation for candidates from reserved categories (SC/ST/OBC/PwD).

  2. SBI SO Finance Roles: Some of the prominent finance-related positions under the SBI SO Finance recruitment may include:

    • Assistant Manager (Finance)
    • Deputy Manager (Finance)
    • Manager (Finance)
    • Senior Manager (Finance)
    • Finance Analyst

  3. SBI SO Finance Selection Process: The selection process for SBI SO Finance generally consists of two stages:

    • Online Examination: An objective-type test that assesses candidates’ knowledge in areas like reasoning, quantitative aptitude, and professional finance knowledge.
    • Interview: Shortlisted candidates from the online exam are called for an interview, which assesses their technical knowledge in finance, analytical skills, and personality traits suitable for the position.

  4. SBI SO Finance Exam Pattern: The exam pattern may vary depending on the role applied for, but generally, it follows the structure below:

    • Online Test:

      1. Reasoning Ability: 35 questions (35 marks)

      2. Quantitative Aptitude: 35 questions (35 marks)

      3. English Language: 30 questions (30 marks)

      4. Professional Knowledge (Finance): 50 questions (50 marks)

      • Total: 150 questions (150 marks)
      • Duration: 2 hours
      • Negative Marking: 0.25 marks for each wrong answer.
    • Interview:
      • Candidates who qualify the online test will be called for an interview.
      • The interview assesses the candidate’s finance-related knowledge, work experience, and skills.
      • Interview Marks: 25 marks

  5. Syllabus for SBI SO Finance Exam: The syllabus for the exam consists of:

    • Reasoning Ability: Logical reasoning, puzzles, seating arrangement, data sufficiency.
    • Quantitative Aptitude: Data interpretation, number series, time and work, percentage, profit and loss, and speed and distance.
    • English Language: Reading comprehension, vocabulary, sentence correction, and grammar.
    • Professional Knowledge (Finance):
      • Financial Management: Financial statements, financial ratios, cost of capital, capital budgeting.
      • Accounting: Principles of accounting, ledger, balance sheet, journal entries.
      • Corporate Finance: Investment analysis, working capital management, financial planning, and analysis.
      • Banking: Knowledge of financial markets, financial products, regulations, and banking laws.

  6. Salary and Benefits: The salary for SBI SO Finance positions varies based on the role, experience, and location. Some salary ranges may be as follows:

    • Assistant Manager: ₹30,000 – ₹45,000 per month
    • Deputy Manager: ₹40,000 – ₹55,000 per month
    • Manager: ₹50,000 – ₹65,000 per month
    • Senior Manager: ₹70,000 – ₹90,000 per month

    Additional perks include medical insurance, provident fund, house rent allowance (HRA), and other bank-specific benefits.

  7. Application Process:

    • How to Apply: Candidates must apply online through the official SBI website during the application period.
    • Application Fee: The application fee is typically ₹750 for General/OBC/EWS candidates and ₹125 for SC/ST/PwD candidates.

  8. Important Dates for SBI SO Finance 2024 Exam (Tentative):

    • Notification Release: Likely January 2024
    • Application Start Date: Likely January 2024
    • Application End Date: Likely February 2024
    • Online Exam: Likely March 2024
    • Interview: Likely April 2024

  9. Cut-off Marks:

    • The cut-off marks will be released after each stage of the exam. Candidates must score above the cut-off in both the online exam and the interview to be considered for selection.

Tips for Preparation:

  1. Finance Knowledge: Focus on your core finance and accounting concepts, such as financial analysis, corporate finance, accounting principles, and banking regulations.
  2. General Awareness: Keep up with current financial news, banking trends, and regulations that may be relevant for the exam.
  3. Mock Tests: Practice mock tests regularly to improve speed, accuracy, and time management.
  4. Interview Preparation: Prepare for technical finance-related questions, as well as situational and behavioral interview questions.

Conclusion:

The SBI SO Finance exam offers an excellent opportunity for individuals with a strong background in finance to work with India’s largest public sector bank. The positions offer good career growth and financial rewards, making it a competitive and highly sought-after opportunity.

For official notifications, updates, and application details, candidates can visit the official SBI careers page: SBI Careers.

SBI SO (Specialist Officer) Finance Exam 2024

The SBI SO (Specialist Officer) Finance Exam 2024 is conducted by the State Bank of India (SBI) for recruiting candidates in various finance-related roles. These positions are designed for individuals with expertise in finance, accounting, and related fields. The recruitment process aims to fill vacancies in specialized roles, including Assistant Manager (Finance), Deputy Manager (Finance), and Senior Manager (Finance) among other positions.

Key Details about the SBI SO Finance Exam 2024:

1. Eligibility Criteria:

  • Educational Qualification:
    • MBA in Finance or PGDM (Post Graduate Diploma in Management) with Finance as a specialization.
    • Alternatively, candidates with a Chartered Accountant (CA) qualification or ICWA (Institute of Cost and Works Accountants) may also apply.
    • B.Com or any other relevant degree may be considered depending on the position.
  • Experience:
    • Some of the positions may require candidates to have relevant work experience in the field of finance, accounting, or banking. For example, candidates applying for Senior Manager (Finance) roles may need at least 2–3 years of experience in a related domain.
  • Age Limit:
    • The age limit for candidates applying for SBI SO Finance is generally between 21 to 35 years, depending on the role. Age relaxation is provided to candidates from reserved categories (SC/ST/OBC/PwD).

2. Positions under SBI SO Finance:

The roles under the SBI SO Finance recruitment may include:

  • Assistant Manager (Finance)
  • Deputy Manager (Finance)
  • Senior Manager (Finance)
  • Finance Analyst
  • Manager (Finance)

3. SBI SO Finance Exam Pattern 2024:

The exam pattern may vary slightly depending on the position applied for, but generally, it consists of the following stages:

  • Online Written Test: The online exam typically includes objective-type questions, divided into several sections:

    1. Reasoning Ability: 35 questions
    2. Quantitative Aptitude: 35 questions
    3. English Language: 30 questions
    4. Professional Knowledge (Finance): 50 questions

    Total Marks: 150 marks
    Duration: 2 hours
    Negative Marking: 0.25 marks for each wrong answer

  • Interview: Shortlisted candidates from the online exam are called for an interview. The interview assesses technical knowledge in finance, work experience, and personality traits.

    Interview Marks: 25 marks

4. Syllabus for SBI SO Finance 2024 Exam:

The syllabus for the exam will be divided into general sections like reasoning and quantitative aptitude, as well as specialized sections focusing on finance. Here is an overview of the syllabus:

  • Reasoning Ability:
    • Analytical reasoning, coding-decoding, seating arrangement, puzzles, and verbal reasoning.
  • Quantitative Aptitude:
    • Data interpretation, number series, percentage, profit and loss, time and work, simple and compound interest.
  • English Language:
    • Reading comprehension, sentence correction, error spotting, vocabulary, and grammar.
  • Professional Knowledge (Finance):
    • Financial Accounting: Balance sheets, profit and loss statements, accounting principles.
    • Corporate Finance: Capital budgeting, cost of capital, working capital management, mergers and acquisitions.
    • Investment Analysis: Risk and return, financial markets, derivatives, portfolio management.
    • Banking and Financial Services: Regulatory framework, financial products, banking operations, and financial institutions.

5. Salary and Benefits:

  • Assistant Manager (Finance): ₹30,000 – ₹45,000 per month.
  • Deputy Manager (Finance): ₹40,000 – ₹55,000 per month.
  • Manager (Finance): ₹50,000 – ₹65,000 per month.
  • Senior Manager (Finance): ₹70,000 – ₹90,000 per month.

Additional Benefits:

  • Medical insurance, provident fund, house rent allowance (HRA), and other allowances as per SBI rules.

6. Application Process:

  • How to Apply: Candidates must apply online via the official SBI careers website when the application window is open.
  • Application Fee:
    • General/OBC/EWS candidates: ₹750
    • SC/ST/PwD candidates: ₹125

7. Important Dates for SBI SO Finance 2024 Exam (Tentative):

  • Notification Release: January 2024
  • Application Start Date: January 2024
  • Application End Date: February 2024
  • Online Exam Date: March 2024
  • Interview Date: April 2024

8. Cut-off Marks:

  • The cut-off marks will be determined for each stage (online test and interview). Candidates need to score above the cut-off in each section of the online exam and in the overall exam to qualify for the next stage.

9. Final Selection:

The final selection is based on a combination of the online exam and the interview. Candidates who score well in both stages will be selected for the respective roles.

Tips for Preparation:

  1. Focus on Finance Knowledge: Deepen your understanding of financial management, accounting, investment analysis, and corporate finance.
  2. Current Affairs: Stay updated on banking and financial news, especially related to policies, regulations, and developments in the financial sector.
  3. Practice Mock Tests: Regular practice will help you improve speed, accuracy, and time management skills.
  4. Review Banking Products: Familiarize yourself with financial products and services offered by banks to strengthen your understanding for both the exam and interview.
  5. Interview Preparation: Brush up on common interview questions related to finance, banking, and your personal experiences.

Conclusion:

The SBI SO Finance exam offers a great opportunity for candidates with a finance background to work in one of the most prestigious banks in India. If you’re well-prepared and have the necessary qualifications and experience, this could be a rewarding career path. For more details, keep checking the official SBI website for updates and notifications.

For official notifications and updates, visit the SBI Careers page: SBI Careers.