The following article is based on a survey done with in the selected candidates (70 respondents) of RBI Grade B 2019 examination. This is first of its kind survey as it will help us to understand a lot about this year’s selection criteria and what lies ahead. This survey is based on primary data and not on any secondary source like RTI or experiences. We will try and interpret the finding from the prospect of an aspirant. Survey results are never an absolute truth, they shall always be seen in the light of references available for interpretation.
Disclaimer – The surveyor did not capture the identity of the respondent for privacy reasons.
Question 1- Highest Degree in selected aspirants in RBI Grade B:
|Any Other (including MBA)||10|
|B.Tech (Bio Tech)||1|
Engineering dominates but aspirants from other streams have also been able to crack the exam. 60% of the respondents were engineers. So, the myth related to the “background” has limited relevance based on this single factor in RBI Grade B.
Majority of the selected candidates (around 60%) do not have any professional qualification. The other way to see this is a sizeable number of candidates (40%) have some or other type of professional qualification. In our view, this can play a big role in getting good marks in the interview of RBI grade b.
The median age of the selected candidates lies somewhere around 27-28 years. This means that a lot of people with work experience and repeaters are getting in. Though the silver lining is around 20% of the respondents are less than age of 25 which is a very high number considering the level of competition. All of them will compete for DG as they have the advantage of longer service with them.
80% of the selected candidates are male, however, it is much better than previous years where female to male ratio went as low as 10%. It looks like a calibrated effort to improve the ratio. Now, some may feel uncomfortable with this interpretation but we have references to quote.
If you see Equity and Diversity Report 2019 of Reserve Bank of Australia, they categorically commit to provide 35 per cent of management roles to women by 2020 (Page 1, Statement of Commitment). Also, see what ED -HR of Bank of England has to say about gender diversity in Bank of England.
Since 2013, the proportion of women in senior management roles has almost doubled from 17% to a little above 30%. On our executive committee, which sits just below Deputy Governor level and is responsible for day to day management of the organisation, we are split pretty much 50/50 men and women. We’ve also seen our gender pay gap begin to narrow as progression of women into more senior ranks improves – our mean gender pay gap dropped by a percentage point to 20.2% last year.Lea Peterson, ED of Human Resources at Bank of England
It is widely believed that RBI and other central banks in developing countries closely follow Bank of England and it’s way of working. In case of Indian Central Bank, there may not be any explicit policy in place or in public domain but every responsible organization tries to keep a fair gender balance to keep the organization healthy.
This is the one area where you can witness a clear trend this year. Around 85% of the selected (respondents) are working. It seems that the selection was heavily biased towards working candidates. It is a good news for working souls. This shall also be seen from the reference of creation of Special Supervisory and Regulatory Cadre by RBI. It is widely believed that working candidates from banks are better suited to this role.
Industry of Work experience
The results are on the expected lines. Large number of Public sector bankers cracked this examination this year. Around 50% are in some of other way related to finance field.
Attempts in RBI Gr B Examination
The data clearly shows that second and first attempts are proving to be one of the most productive ones. Though some have cracked in their 4th attempt. Out of those 25, who cracked in the first attempt 24 were male.
Composite interpretation based on more than one dataset
- You either need work experience or a professional degree/course as there was only one candidate from the respondents who lacked both (must be sharp).
- Working ladies has a high success ratio.
- 1st and 2nd attempt is important and more productive.
- Better be a banker first.
- Profile matters, good qualification fetch marks.
- RBI has tried to calibrate the outcome of recruitment for its organizational purpose.
The interpretations are based on references and can go wrong too. This data cannot project future results. This interpretation may favor some candidates and may not favor others. However, it has been published for benefit of the larger community. Thanks for reading. Discretion advised.