Should I Prepare for the LIC AAO Exam if I Am Already a PSB Probationary Officer?
As an experienced SEO professional, I often encounter questions from candidates like you who are at a critical decision point in their career. Specifically, should you prepare for the LIC (Life Insurance Corporation) Assistant Administrative Officer (AAO) exam while you are already serving as a PSB (Public Sector Bank) Probationary Officer?
Why Prepare for the LIC AAO Exam?
Considering your current position and your future career plans, it is highly recommended that you prepare for the LIC AAO exam. According to the insights from both experienced professionals and job market analysts, the decision leans toward preparing for and joining LIC over remaining in any PSB for various reasons.
Why Choose LIC AAO?
Long-term Financial Stability: Over the long term, the LIC AAO position offers better financial packages and promotions compared to typical PSB jobs. Given the usual upward mobility in the banking sector, securing a position in a more stable and financially lucrative institution like LIC can provide a significant benefit. Work-life Balance: Many bankers, including those with a decade of experience, are not inherently satisfied with their roles. A position in the LIC, often seen as a more balanced and satisfying role, can contribute to overall job satisfaction and a better quality of life. Promotional Opportunities: Promotions within the banking sector are increasingly slow, especially for officers in the lower cadre. The LIC AAO position, with its typical promotion cycle, offers a more stable and quicker path for growth.Consulting Your Life Partner
Evaluating a career change is not a decision to be made alone. It is recommended that you discuss this with your life partner or close family member, as this decision can significantly impact your future and their life as well. A second opinion can provide a balanced and holistic view, helping you to make a well-informed choice.
Historical Context
Observing the historical trends in the banking and insurance fields, particularly within LIC, can provide additional insights. When I joined LIC as an AAO in 1986, there was a more frequent promotion cycle, with approximately one promotion every four to five years. However, from 2005 onwards, this cycle has significantly slowed, especially among lower cadre officers. Despite this, financial benefits between public sector banks and insurance corporations like LIC are generally comparable. The choice often comes down to personal preference, work-life balance, and future stability.
Specific Considerations
Both positions—LIC AAO and PSB Probationary Officer—do have some differences in payscale and allowances, though these may not be fully covered in current information. Both roles offer valuable experiences, but considering the long-term prospects, the LIC AAO role emerges as a more advantageous career path.
Conclusion
Firstly, congratulations on your selection at the PSB and the declaration of results for the IBPS PO. You have strong reasons to pursue the LIC AAO. Your time for preparation is ample, so focus on making the most of this opportunity. The LIC AAO role is a significant career move, providing not only a better long-term financial outlook but also a more satisfying and balanced work life.