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@rockstar123 : Bhai this is a forum for UPSC aspirants...u will definitely get answers tilted towards IRS...post same question on some RBI forum and you will hear RBI>>IRS...well both posts are good. My friend working in RBI told me that 7 people cleared UPSC in his batch, but only 4 joined. And among the people who preferred RBI, one had good enough rank to get even IPS. This is the truth. RBI definitely pays more than IRS. You have excellent promotional aspects in RBI (even if you join at the age of 26-27, you have a chance to become Deputy Governor). RBI recruits from top IIMs every year and IIM graduates consider it a dream job. So according to me, if you get grade B this year, you should stick with it, unless you become an IAS officer. Good luck
RBI results will be out in april.So till then you should focus on prelims.If you get through give mains along with the job If you get IAS or IRS leave RBI (depending upon your short experience and realizations during your training).
RBI grade b is not a very famous job nd many things are unknown about it plus some says I saw one left for dis nd DAT well that's just personal choice , some give priority to short term fame nd the so called respect from the society and most importantly the invisible power over a peaceful life So it's ur choice only what do u want is more important And more importantly first we need to clear it Anyways all the best to u It will be out in April first week so still a long way to go :-)
RBI results will be out in april.So till then you should focus on prelims.If you get through give mains along with the job If you get IAS or IRS leave RBI (depending upon your short experience and realizations during your training).
PS: Itna confident kaise ho abt RBI .. F n M ?
Haha.. Confidence ki baat nahi.. Just speculation.. :P One month Ill be bored na.. So thinking about the future bas.. :P
@rockstar213 : Bhai I understand your position. RBI grade B is much better job (and peaceful) than it is made out to be. You get to travel also including foreign quite early in career (where you are paid high daily allowance).
Yours is a valid question. I would suggest talk to ppl who r in RBI grade B. Most of them are anyway preparing for UPSC. They alone can give you good idea. I have heard perks are quite good, find out about those too.
In any case, don't leave it if you get RBI grade B and at best give next attempt with job. Who knows you may succeed with moderate prep this time when you could not with hard all this time. I personally believe clearing prelims will be 10-20% tougher than last time.
All the best for grade B results
If I get it, ofcourse I wont leave it bhai...
And yes, Ive talked to people from both IRS and RBI.. And they have given some amazing insights..
So, this is what one of the IRS officers of 2012 batch had told me..
1. Work Profile - Present vs Future
At present, IRS is on a slightly higher scale than RBI. But that will soon change, because of a lot of factors. The work profile of IRS is usually in taxation, that too mostly indirect taxes. For the past 40 years, most of the indirect tax collection had too much human interference and was written on books and ledgers.
And when there is human interaction, "power" will be with the Officer, so IRS was a very powerful post. But now, everything is becoming online and transparent, including online filing of octroi taxes. And also with the coming up of the GST, everything will be streamlined and bundled up.
With the adaptation of technology, transparency will increase and human interaction will decrease, and so will the power of IRS offices. So, the clout of an IRS officer is going to reduce drastically in the next 10 years, as India modernises itself.
Whereas as an RBI Class 1 officer, youll be slowly taking care of Monetary Policy Formulation, Regulation of Financial Markets and Supervision of the whole Banking Sector. Since you'll be recruited at the highest recruitable position of the RBI, you will eventually hold power.
Now, with the rise of India and China, and the decline of Europe, Japan and US, the Indian Monetary Policy will have far-reaching repercussions on the international economy. In 20 years, by the time you'll hold top positions, RBI will be one of the most important Central Banks of the world, and your power would be unimaginable.
IRS is on a decline in the next decade, whereas RBI is on a dramatic rise in the next decade. Choose wisely. 2. Work Tensions
RBI is mostly regulation and policy making, so there is no direct customer interaction, like in SBI. It is a Central Bank and not a Public Sector Bank, so your job would be very very peaceful. Just 9 to 5. With no public interaction, and also Saturday and Sunday Holidays. You will have a perfect work-life balance, and would maintain power at the same time. Also, you will be only in Metro cities, so youll have an amazing quality urban life.
IRS is more public oriented, and you can be made to work even on Sundays, and through the evenings also. It would become very hectic. You can be transferred to rural areas also. 3. Work Environment
I have seen the RBI premises, and they are top-class. Better than most of IT Corporate offices with glass buildings and all. You will have a stimulating intellectual work environment, with no annoying public or political interference.
IRS works in a typical sarkari office, as seen in the movies.
4. Pay
RBI obviously pays higher, because it does *not* come under the 7th PC. RBI pays from its own profits, and has a bipartite agreement for salary revision every 7 years(or sooner). IRS comes under the 7th PC and has a revision every 10 years. And not much of an increase also.
Overall, at present IRS would seem better. But, trust me, RBI has a better future, and IRS is going down. And asking on ForumIAS would give you unsatisfactory answers, as they all will have an "examination bias". They are writing UPSC, so obviously theyll say UPSC is better.
irs over rbi anyday,anytime...u will retire as the chief commissioner of income tax ,for some properous states,thats better than the DGP
Well Grade B can rise upto Deputy Governor of RBI or or may switch over to top positions in multilateral development Banks (IMF, WB, ADB etc) or in Private financial firms or PSBs. Decent perks but unlike IRS, no black money. The discussion better be kept open.
Also, there are almost 400 IRS Officers being recruited every single year... There are more than 20,000 officers right now..
RBI recruits only around 120 ppl every year, and it has only 5000 officers throughout the country...
There is a Chief Commissioner for Income Tax for every state, and high positions in every State Finance Ministry.. (Almost 50 Top officers right there) But there are only two RBI Dty Governors..
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Comments
If you get IAS or IRS leave RBI (depending upon your short experience and realizations during your training).
PS: Itna confident kaise ho abt RBI .. F n M ?
So it's ur choice only what do u want is more important
And more importantly first we need to clear it
Anyways all the best to u
It will be out in April first week so still a long way to go :-)
And yes, Ive talked to people from both IRS and RBI.. And they have given some amazing insights..
1. Work Profile - Present vs Future
At present, IRS is on a slightly higher scale than RBI. But that will soon change, because of a lot of factors. The work profile of IRS is usually in taxation, that too mostly indirect taxes. For the past 40 years, most of the indirect tax collection had too much human interference and was written on books and ledgers.
And when there is human interaction, "power" will be with the Officer, so IRS was a very powerful post. But now, everything is becoming online and transparent, including online filing of octroi taxes. And also with the coming up of the GST, everything will be streamlined and bundled up.
With the adaptation of technology, transparency will increase and human interaction will decrease, and so will the power of IRS offices. So, the clout of an IRS officer is going to reduce drastically in the next 10 years, as India modernises itself.
Whereas as an RBI Class 1 officer, youll be slowly taking care of Monetary Policy Formulation, Regulation of Financial Markets and Supervision of the whole Banking Sector. Since you'll be recruited at the highest recruitable position of the RBI, you will eventually hold power.
Now, with the rise of India and China, and the decline of Europe, Japan and US, the Indian Monetary Policy will have far-reaching repercussions on the international economy. In 20 years, by the time you'll hold top positions, RBI will be one of the most important Central Banks of the world, and your power would be unimaginable.
IRS is on a decline in the next decade, whereas RBI is on a dramatic rise in the next decade. Choose wisely.
2. Work Tensions
RBI is mostly regulation and policy making, so there is no direct customer interaction, like in SBI. It is a Central Bank and not a Public Sector Bank, so your job would be very very peaceful. Just 9 to 5. With no public interaction, and also Saturday and Sunday Holidays. You will have a perfect work-life balance, and would maintain power at the same time. Also, you will be only in Metro cities, so youll have an amazing quality urban life.
IRS is more public oriented, and you can be made to work even on Sundays, and through the evenings also. It would become very hectic. You can be transferred to rural areas also.
3. Work Environment
I have seen the RBI premises, and they are top-class. Better than most of IT Corporate offices with glass buildings and all. You will have a stimulating intellectual work environment, with no annoying public or political interference.
IRS works in a typical sarkari office, as seen in the movies.
4. Pay
RBI obviously pays higher, because it does *not* come under the 7th PC. RBI pays from its own profits, and has a bipartite agreement for salary revision every 7 years(or sooner). IRS comes under the 7th PC and has a revision every 10 years. And not much of an increase also.
Overall, at present IRS would seem better. But, trust me, RBI has a better future, and IRS is going down. And asking on ForumIAS would give you unsatisfactory answers, as they all will have an "examination bias". They are writing UPSC, so obviously theyll say UPSC is better.
Also, if you get IAS, then take IAS.
IAS >> RBI >~ IRS.
Many ppl confuse it with Group B... Honestly, Grade B is better than Group A services too... But the nomenclature has screwed it up..
It should be changed to RBI Class 1 Officer soon...
There are more than 20,000 officers right now..
RBI recruits only around 120 ppl every year, and it has only 5000 officers throughout the country...
There is a Chief Commissioner for Income Tax for every state, and high positions in every State Finance Ministry.. (Almost 50 Top officers right there)
But there are only two RBI Dty Governors..