Hierarchy of the Highest Positions in a Bank

 Hierarchy of the Highest Positions in a Bank

Let us look at some of the major positions in the banking sector below.

Level

Private Sector Banks

Public Sector Banks

1.MD & CEO

Chairman and Managing Director (CMD)

2.Deputy MD & CEO

CEO & Managing Director (MD)

3.Chief Operating Officer (COO)

Executive Director (ED)

4.Chief Financial Officer (CFO)

Chief General Manager (CGM)

5.Executive Vice President (EVP)

General Manager (GM)

6.Senior Vice President (SVP)

Deputy General Manager (DGM)

7.Vice President (VP)

Assistant General Manager (AGM)

8.Assistant Vice President (AVP)

Chief Manager

9.Senior Manager

Senior Manager

10.Manager

Manager

11.Assistant Manager

Assistant Manager

12.Officer/Associate

Officer/Associate

CEO or Managing Director 

In banks, the highest position is the CEO (Chief Executive Officer) or Managing Director (MD). The role of CEO and MD is very dynamic and is answerable to the board of directors. Their main role is to prepare budgets, look for financial reports, allocate new strategies, new business avenues, etc. 

Director

In public sector banks director is considered to be the most active member of a bank. The primary role of a director is promotion and managing the marketing of different banking products and services. 

General Manager

The General Manager is responsible for overseeing budgets, operations, marketing strategies, and other important works of the local bank. The main duties of the general manager are to look out for various operations, schedule staff, track cash flow, and set sales goals for the team.

Chartered Accountant 

This is considered to be one of the most important positions in a bank. They are responsible for ensuring financial and legal compliance. They are financial experts who can easily manage budgets, audits, taxes, and business strategies for various clients. You will need to clear the CA exam which is a long process where you have to go through the foundation course, practical training, and clear the final exam.

Branch Manager

A branch manager is an executive personnel in charge of the branch office of a bank or financial institution. A Bank manager is responsible for looking out for a particular branch and handling their various day-to-day operations. 

Assistant Branch Manager

Assistant Branch Managers are responsible for assisting and providing leadership value to the bank through managing all major areas of a bank. Probationary Officers are promoted to Assistant Branch Managers first. They generally have heavy work pressure and are frequently posted in urban work areas. 

Probationary Officers

A Probationary Officer (PO) post is a managerial position in a bank. Recruitment for this position is done through various exams. Some of the popular bank exams for Probationary officers are SBI PO, IBPS PO, etc. They are responsible for managing customer transactions, handling loans, drafting insurance, etc.  

What is the Highest Position in a Private Bank?

The highest position in a private bank is of a Chief Executive Officer or Managing Director. They are responsible for managing the overall operations of a bank, implementing strategies, regular compilations, and more. To get to this role a high level of experience as well as educational qualifications is required. 

You can reach this position after starting from an entry-level position in the bank and slowly progressing through the ranks. You will continuously need to upgrade your skills and knowledge. Build networks, develop leadership skills, and grow your knowledge of financial markets, banking operations, strategic planning, and more. 

After having significant experience you can apply for senior executive roles such as Vice President (VP), Executive Vice President (EVP), Chief Operating Officer (COO), and aim for the CEO or MD position.

How to Get to the Highest Position in a Public Sector Bank?

Getting to the highest position in a bank requires you to have enough experience and consistent performance followed by entering a decent position in the bank. Participate and clear banking exams for Probationary Officers or equivalent for multiple public sector banks and gain experience in the field. 

Get promoted to the middle management roles such as Senior Manager, Branch Manager, etc. You will need to show consistent performance and continuously upgrade your skills to get to senior management roles like General Manager, Chief General Manager, etc. 

Start applying for the Executive roles once you have significant experience. However, consider taking guidance from experienced professionals for a better foot. The selection for the highest position as CMD or MD undergoes rigorous assessments by the Banks Board Bureau (BBB) and other executive bodies. 

Highest Post in Bank with Salary in India 

Let us now look at some of the positions in a bank from highest to lowest along with their approximate salaries in the table below.

Positions

Sector

Expected Salary (INR per annum)

Chairman and Managing Director (CMD)

Public Sector

70-100 lakhs

MD & CEO

Both

80 lakhs – 3 crores

Deputy MD & CEO

Private Sector

70 lakhs – 2.5 crores

Chief Operating Officer (COO)

Both

60 lakhs – 2 crores

Executive Director (ED)

Public Sector

50-90 lakhs

Chief Financial Officer (CFO)

Both

50 lakhs – 1.5 crores

Chief General Manager (CGM)

Public Sector

40-70 lakhs

General Manager (GM)

Both

30-60 lakhs

Executive Vice President (EVP)

Private Sector

35-70 lakhs

Deputy General Manager (DGM)

Both

25-50 lakhs

Senior Vice President (SVP)

Private Sector

30-60 lakhs

Assistant General Manager (AGM)

Both

20-40 lakhs

Vice President (VP)

Private Sector

25-50 lakhs

Chief Manager

Public Sector

15-30 lakhs

Senior Manager

Both

12-25 lakhs

Assistant Vice President (AVP)

Private Sector

15-30 lakhs

Manager

Both

10-20 lakhs

Assistant Manager

Both

7-15 lakhs

Officer/Associate

Both

4-10 lakhs

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