A common question among JAIIB and CAIIB aspirants is, “How much will my salary increase after passing these key courses?” JAIIB (Junior Associate of Indian Institute of Bankers) and CAIIB (Certified Associate of Indian Institute of Bankers) are important courses offered by the Indian Institute of Banking and Finance (IIBF) for banking and financial sector professionals.
Before attempting the CAIIB exam, candidates must first qualify the JAIIB exam. On successfully clearing both JAIIB and CAIIB exams, candidates receive promotions and salary hikes. In this article, we have discussed the salary increases associated with qualifying for these promotional exams.
How much does salary increase after clearing JAIIB?
To get increase in salary, interested candidates appear for JAIIB exam and after qualifying JAIIB exam, they get salary increase. There are 2 types of salary increases:
- 1 salary increase Salary after passing JAIIB exam clerical grade
- 1 salary increase Salary after passing JAIIB exam officer grade
How much does salary increase after clearing CAIIB?
CAIIB is a promotion-driven examination and the salary of both clerk and officer grade employees increases after qualifying the CAIIB examination. After passing the CAIIB exam the salary in hand of an employee increases from their previous salary.
- For clerk grade employees-
Employees serving as clerks in public sector banks will get two increments In their salary after passing CAIIB exam.
- For officer grade employees-
After qualifying, CAIIB officer grade employees will get two increments In their salary.
Benefits of JAIIB/CAIIB in designation of posts for an officer
A newly joined officer comes under Junior Management Grade- Scale 1 post. After passing JAIIB/CAIIB exam they will get salary hike and get promoted. To get promoted from one scale to another they have to qualify internal promotion examinations in which JAIIB/CAIIB scores will play an important role.
- Middle Management Grade- Scale 2- Manager
- Middle Management Grade- Scale 3- Senior Manager
- Senior Management Grade- Scale 4-Chief Manager
- Senior Management Grade- Scale 5- Assistant General Manager
- Top Management Grade- Scale 6- Deputy General Manager
- Top Management Grade- Scale 7- General Manager
Benefits of JAIIB/CAIIB in designation of posts for Clerk
Clerks will get an increase in their salary after qualifying JAIIB/CAIIB. The marks obtained by the candidate in JAIIB and CAIIB examinations will be helpful in internal promotions. The chronological order of designation of a clerk is listed below.
- Junior Management Grade-Scale 1- Officer
- Middle Management Grade- Scale 2- Manager
- Middle Management Grade- Scale 3- Senior Manager
- Senior Management Grade- Scale 4-Chief Manager
- Senior Management Grade- Scale 5- Assistant General Manager
- Top Management Grade- Scale 6- Deputy General Manager
- Top Management Grade- Scale 7- General Manager
A clerk can get promoted to the rank of officer in two different ways. One of these methods is the general or seniority method and the other is the merit or fast track method. Under the common/seniority system, an employee has to qualify a written examination to be selected as an officer. For this, JAIIB and CAIIB qualification is not necessary as they are promoted on the basis of their experience and seniority. In the Fast Track/Merit Channel an employee must have a Bachelor’s/Master’s degree, minimum 2 years of experience as a clerk, and should also have JAIIB and CAIIB certification.
