Bank of Baroda



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Absorption in Bank of Baroda on successful completion
Fees Reimbursement
Deployment
Future Career Progression
Future Career Prospects
 

ABSORPTION IN BANK OF BARODA ON SUCCESSFUL COMPLETION

From 19th batch onwards the course will be consist of a -9- (nine) months of on campus residential program at the Baroda Manipal School of Banking leading to award of a Post Graduate Certificate in Banking & Finance by Manipal University. On successful completion of the Post Graduate Certificate course, the candidate would be offered appointment in the bank as PO in JMG/S-I. Immediately after joining, a 3 (three) months Work Integrated Learning (WIL) in the form of On the Job Training at any branch of Bank of Baroda will be carried out which will lead to award of a Post-Graduate Diploma in Banking & Finance by Manipal university. The course is extendable to a further 18 months of blended learning which is optional at the option of the students and which will lead to award of MBA in Banking and Finance from Manipal University.

Final placement at Bank of Baroda:

On successful completion of the Post Graduate Certificate in Banking and Finance, the candidate would be offered appointment in the Bank as PO in JMG/S-I and can be posted anywhere in India as per Banks discretion.

Emoluments on final placement:-

On successful completion of the Post Graduate Certificate in Banking and Finance, the candidate would be offered appointment in the Bank as PO in JMG/S-I which is presently in the scale of pay Rs. 23700-980x7/30560-1145x2/32850-1310x7/42020. They will also be eligible for DA, HRA / Rent Reimbursement & CCA as per rules from time to time. At present, the initial annual CTC is approximately Rs 5.5/- lacs (including perquisites) in a Metropolitan Centres.

The gross annual salary on joining the Bank will be approximately Rs 5.5/- lacs (including perquisites) in a Metropolitan Centres. Officers are entitled for various benefits / perquisites, facuilities from the bank like various reimbursements / perquisites, concessional loan facilities for different purposes, LTC / LFC, holiday home, medical facilities for self and dependents, etc

The above mentioned various salary / perquisites, benefits, etc. may increase in future, by time to time the candidates join the services of the Bank.

 
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FEES REIMBURSEMENT

The fees amount of Rs. 3.45 Lacs will be refunded on completion of -5- years of service with the Bank. This is applicable for the students from 13th batch onwards, after September 2014. Hence, on completion of -60- months of service with the Bank of Baroda, the Bank will reimburse the course fees.

DEPLOYMENT

Upon absorption in the Bank as Probationary officers in JMG/S-I on successful completion of their course, candidates shall be deployed in Branches / offices on an All India basis. However, the Bank shall take into consideration special skills acquired by any candidate, past experience, caliber of any employee for any particular stream as demonstrated during the course of the programme into consideration while making the deployment decision.

The choice of branches / offices of the Bank will be as per the needs and business requirements of the Bank. The Bank shall also take into account the place of domicile of the candidates though this aspect shall not be a reason for definite posting in any place and the bank cannot guarantee placements as per the place of domicile of the candidates

Specialization in a functional area is decided by the Bank based on the prevailing needs and business requirements. However, all the officers who have passed out from the Baroda Manipal school of Banking, by virtue of their special one year training and background shall definitely be placed in important, critical and challenging assignments across the Bank.  

 
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FUTURE CAREER PROGRESSION

Bank of Baroda offers one of the fastest career progression opportunities to deserving officers and an officer in JMG/S-I can rise upto the level of a General Manager, subject however to his/ her being deserving and having potential for the higher position.

General Manager
 
Deputy General Manager
 
Assistant General Manager
 
Chief Manager
 
Senior Manager
 
Manager
 
Officer
 
 
 
 
 
 

Promotions are mainly decided on the twin factors of performance and potential. Promotion exercises are regularly carried out by the Bank every year in all grades / scales and hence, sufficient progression opportunities are available to deserving officers.

 
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