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SBI SCO Wealth Management Recruitment 2026
State Bank of India (SBI), Central Recruitment & Promotion Department (CRPD), Corporate Centre, Mumbai — Advt. No. CRPD/SCO/2026-27/23SBI SCO Wealth Management Recruitment 2026: Check all important details including eligibility, age limit, total vacancies, salary, selection process, exam pattern, and apply online directly.
SBI Specialist Cadre Officer (Wealth Management) Recruitment 2026: 209 Executive Openings on Contract Basis
State Bank of India (SBI) has invited online applications from qualified, seasoned banking and wealth management professionals for appointment to 209 Specialist Cadre Officer (SCO) posts on a contract basis. The drive covers high-level leadership and client relationship roles—including Zonal Heads, Regional Heads, Relationship Manager-Team Leads, Investment Specialists, Investment Officers, Vice Presidents (Wealth), and Assistant Vice Presidents (Wealth). Candidates are selected purely on a merit-based shortlisting and personal interview process offering competitive corporate packages up to ₹97 Lakhs per annum.
Executive Compensation Package, CTC Breakup & Contract Terms
Officers Engaged on Contract (OECs) are appointed initially for a tenure of 5 Years, renewable for an additional 4 years at the sole discretion of the bank based on performance ratings. The contract is terminable by either party without assigning reason upon serving a 2 months' written notice or 2 months' compensation amount in lieu thereof.
| Position | Max Fixed Pay | Allowances (Conveyance / Mobile / Medical) | Performance Linked Pay (PLP) | Annual Increment Band | CTC Upper Range |
|---|---|---|---|---|---|
| Zonal Head (Retail) | ₹66.00 Lakhs | ₹1.10 Lakhs | 0% to 45% | 0% to 25% | ₹97.00 Lakhs |
| Regional Head (RH) | ₹45.00 Lakhs | ₹1.10 Lakhs | 0% to 45% | 0% to 20% | ₹66.40 Lakhs |
| Relationship Manager - Team Lead | ₹35.00 Lakhs | ₹1.04 Lakhs | 0% to 45% | 0% to 25% | ₹51.80 Lakhs |
| VP Wealth (SRM) | ₹30.00 Lakhs | ₹1.16 Lakhs | 0% to 45% | 0% to 25% | ₹44.70 Lakhs |
| Investment Specialist (IS) | ₹30.00 Lakhs | ₹0.92 Lakhs | 0% to 45% | 0% to 25% | ₹44.50 Lakhs |
| AVP Wealth (RM) | ₹20.00 Lakhs | ₹1.16 Lakhs | 0% to 45% | 0% to 25% | ₹30.20 Lakhs |
| Investment Officer (IO) | ₹18.00 Lakhs | ₹0.92 Lakhs | 0% to 45% | 0% to 25% | ₹27.10 Lakhs |
• Leave Entitlement: Contractual officers are eligible for 30 days of leave per financial year.
• Travel Reimbursement: Shortlisted outstation candidates called for interview will receive reimbursement for 2nd class railway fare (or actual travel cost, whichever is lower) via the shortest route in India.
• Transfer & Posting Liability: SBI reserves the right to post or transfer officers to any branch/office across India or depute them to associate/subsidiary entities based on administrative exigencies.
Post-Wise, Category-Wise & Horizontal Vacancy Breakdown
| Post Name | Type | Total | UR | OBC | SC | ST | EWS | VI | HI | LD | d&e |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Zonal Head (Retail) | Regular | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Backlog | 1 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | |
| Regional Head (RH) | Regular | 4 | 2 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Backlog | 1 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | |
| RM - Team Lead | Regular | 24 | 13 | 3 | 3 | 1 | 2 | 1 | 0 | 0 | 0 |
| Investment Specialist (IS) | Regular | 6 | 3 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Backlog | 3 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 1 | 1 | |
| Investment Officer (IO) | Regular | 2 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Backlog | 2 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 1 | |
| VP Wealth (SRM) | Regular | 22 | 13 | 6 | 4 | 1 | 2 | 1 | 0 | 0 | 1 |
| Backlog | 69 | 0 | 33 | 14 | 18 | 0 | 4 | 4 | 4 | 3 | |
| AVP Wealth (RM) | Regular | 70 | 29 | 18 | 11 | 5 | 7 | 1 | 1 | 1 | 0 |
| Backlog | 3 | 0 | 0 | 3 | 0 | 0 | 2 | 2 | 3 | 1 | |
| Gross Total Vacancies | 209 | 59 | 62 | 33 | 28 | 11 | 10 | 7 | 9 | 6 | |
* PwBD reservations are horizontal and integrated into the overall vacancies. If suitable candidates from a specific benchmark disability category are unavailable, backlog seats may be filled via interchange among other eligible disability categories.
Circle-Wise Vacancies & Posting Allocation
| SBI Circle | RM (Team Lead) | Investment Specialist | Investment Officer | VP Wealth | AVP Wealth |
|---|---|---|---|---|---|
| Amaravati | 0 | 2 | 0 | 0 | 0 |
| Bengaluru | 0 | 2 | 1 | 28 | 20 |
| Bhopal | 1 | 1 | 0 | 3 | 4 |
| Bhubaneshwar | 1 | 0 | 1 | 0 | 0 |
| Chandigarh | 1 | 0 | 0 | 0 | 0 |
| Chennai | 0 | 0 | 0 | 6 | 2 |
| Gandhinagar | 1 | 0 | 1 | 2 | 0 |
| Guwahati | 2 | 0 | 0 | 0 | 0 |
| Hyderabad | 1 | 1 | 1 | 9 | 0 |
| Jaipur | 0 | 1 | 0 | 7 | 8 |
| Kolkata | 1 | 1 | 0 | 11 | 6 |
| Lucknow | 0 | 2 | 0 | 0 | 4 |
| Maharashtra | 1 | 1 | 0 | 0 | 0 |
| Mumbai Metro | 0 | 1 | 0 | 0 | 0 |
| New Delhi | 0 | 4 | 0 | 18 | 16 |
| Patna | 0 | 2 | 0 | 0 | 0 |
| Thiruvananthapuram | 1 | 3 | 0 | 7 | 13 |
| Total Allocation | 9 | 24 | 4 | 91 | 73 |
Circle Preference Mandate: For Relationship Manager (Team Lead), Investment Specialist, Investment Officer, VP (Wealth), and AVP (Wealth), applicants must indicate three distinct Circle preferences. Repetition of circles is considered an error, and the bank reserves the right to re-allot circles at its discretion.
Leadership Posting Locations: Zonal Head (Retail) is posted at East Zone (Kolkata). Regional Heads are posted at Bengaluru, Bhopal, Hyderabad, Guwahati, or Patna.
Strict Debarment Clauses & Experience Calculation
- Non-Joining Debarment: Candidates who were previously selected and issued offer letters in earlier recruitment exercises for Wealth Management & Premier Banking (WBPM) but failed to join are debarred from applying for any SBI vacancy for 2 years from the date of non-joining.
- Resignation Debarment: Candidates who previously served on contract for these positions and resigned are debarred for 2 years from the date of resignation. Those against whom caution notices were issued are permanently debarred from all future SBI recruitment.
- Teaching & Training Exclusion: Teaching, academic, or corporate training experience will NOT be counted for calculating the required experience.
- Sub-6-Month Experience Exclusion: Experience of less than 6 months in any single organization will not be considered under any circumstances.
- Proof of Experience: Experience must be validated through official experience certificates detailing domain roles, annual appraisal letters, appointment/relieving documents, or offer letters supported by Income Tax Returns (ITR).
Document Uploading Guidelines & Technical Dimensions
| Document Item | Format | File Size | Mandatory Guidelines |
|---|---|---|---|
| Passport Photograph | JPG / JPEG | 20 KB – 50 KB | Dimensions 200x230 pixels, light/white background, frontal view. No caps, hats, dark glasses, or reflections. |
| Candidate Signature | JPG / JPEG | 10 KB – 20 KB | Signed with Black Ink Pen (140x60 px). CAPITAL LETTERS STRICTLY DISQUALIFIED. |
| Brief Resume | Up to 500 KB | A4 page size, detailed educational and professional work chronology. | |
| ID Proof & Age Proof | Up to 500 KB | Government photo ID proof, PAN Card, and 10th marksheet/certificate showing date of birth. | |
| Educational & Certification Proofs | Up to 500 KB | Merged PDF containing marks sheets, provisional/final degree certificates, and valid NISM/IRDA/CFP proofs. | |
| Experience & CTC Proofs | Up to 500 KB | Experience certificates, appointment/relieving letters, Form-16, latest salary slips, and CTC breakup format. |
Document Verification Checklist (For Interview Stage)
- Interview Call Letter & Registered Application Form: Downloaded call letter printout and copy of submitted online application form.
- Proof of Date of Birth: High School / Matriculation certificate or Municipal Birth Certificate.
- Identity Documentation: Original PAN Card along with Government Photo Identity Card (Passport, Driving License, Voter Card, etc.).
- Academic & Professional Qualifications: Original marksheets of all semesters/years and Final Degree/Post-Graduate certificates.
- Mandatory Certifications: Valid proof of NISM Series V-A, XXI-A, Investment Advisor, CFP, CFA, or Actuarial certificates as required for the post.
- Work Experience Credentials: Experience certificates on official letterheads, Form-16/ITR, appointment orders, and recent salary slips.
- Caste / Category Proof: Central Government format SC/ST certificate or OBC-NCL certificate issued between 01.04.2026 and the interview date.
- EWS Certificate: Income and Asset Certificate for FY 2025-26 valid for FY 2026-27 issued by competent revenue authorities on or before 25.09.2026.
- Disability Certificate: UDID Card / Medical Board certificate with minimum 40% benchmark disability. Temporary disabilities marked "likely to improve" are ineligible.
- No Objection Certificate (NOC): Compulsory original NOC from the employer for candidates serving in Government departments, PSUs, Nationalized Banks, or SBI Group companies.
Final Advice for Applicants
Applicants must verify that all uploaded experience credentials directly reflect the specific wealth management and portfolio responsibilities mandated by SBI. The selection does not involve a written exam; your application bio-data and interview performance are the sole determinants of merit. Submit your application early on sbi.bank.in/web/careers/current-openings. All legal matters fall under the exclusive jurisdiction of courts in Mumbai.
Disclaimer: Information based on State Bank of India Advertisement No. CRPD/SCO/2026-27/23 dated 04.09.2026. Candidates are advised to check their registered email and visit sbi.bank.in regularly for interview call letters, shortlisted candidate lists, and administrative updates.
| Important Dates | |
|---|---|
| Online Registration of Application Start Date: | 04 September 2026 |
| Online Application Submission & Fee Payment Last Date | 25 September 2026 |
| Crucial Cut-Off Date for Eligibility, Age, Experience & Qualifications: | 31 August 2026 |
| Interview Schedule & Call Letter Intimation: | To be notified to shortlisted candidates via registered email and published on the bank's portal |
| Application Fee | |
|---|---|
| General / OBC | ₹750/- |
| SC / ST | ₹ Nil |
| Age Limit | |
|---|---|
| Minimum Age | 23 year Years |
| Maximum Age | 35 Years |
| Post Name | No. of Vacancies | Eligibility Criteria |
|---|---|---|
| Zonal Head (Retail) | 2 | Graduation in any discipline from a recognized University. (Preferred: MBA with 60% / CFP / CFA / NISM V-A / XXI-A). |
| Regional Head (RH) | 5 | Graduation in any discipline. (Preferred: MBA with 60% / CFP / CFA / NISM V-A / XXI-A). |
| Relationship Manager - Team Lead | 24 | Graduation in any discipline. (Preferred: MBA with 60% / CFP / CFA / NISM V-A / XXI-A). |
| Investment Specialist (IS) | 9 | PG Degree or PG Diploma in Finance / Accountancy / Business Mgmt / Commerce / Economics / Capital Markets / Banking / Insurance / Actuarial Science OR CA / CFA. |
| Investment Officer (IO) | 4 | PG Degree or PG Diploma in Finance / Accountancy / Business Mgmt / Commerce / Economics / Capital Markets / Banking / Insurance / Actuarial Science OR CA / CFA. |
| VP Wealth (SRM) | 91 | Graduation in any discipline from a recognized University. (Preferred: MBA with 60% / NISM V-A, XXI-A / CFP / CFA). |
| AVP Wealth (RM) | 73 | Graduation in any discipline. (Preferred: PG in Finance / Marketing / Banking / NISM V-A, XXI-A / CFP / CFA). |
| Consolidated Vacancies | 209 | Teaching and training experience will NOT be counted for eligibility |
| Total | 417 | — |
| Salary / Pay Scale |
|---|
|
| Important Links | |
|---|---|
| Apply Online | Click Here ↗ |
| Official Website | Click Here ↗ |
| OFFICIAL NOTIFICATION PDF | Click Here ↗ |
❓ Frequently Asked Questions – SBI SCO Wealth Management Recruitment 2026
Q1. What is the last date to apply for SBI SCO Wealth Management Recruitment 2026?
Please check the official notification for the last date. Visit Bharat Job Find daily for updates.
Q2. What is the total vacancy in SBI SCO Wealth Management Recruitment 2026 2026?
Total 417 vacancies have been announced for SBI SCO Wealth Management Recruitment 2026 2026. Check the vacancy details table above for post-wise breakdown.
Q3. What is the age limit for SBI SCO Wealth Management Recruitment 2026?
The age limit for SBI SCO Wealth Management Recruitment 2026 is minimum 23 year years and maximum 35 years. Age relaxation is applicable for SC/ST/OBC/PwD candidates as per government rules.
Q4. What is the application fee for SBI SCO Wealth Management Recruitment 2026?
The application fee for SBI SCO Wealth Management Recruitment 2026 is ₹750/- for General/OBC candidates and ₹ Nil for SC/ST candidates. Payment can be made online via debit card, credit card, net banking or UPI.
Q5. How to apply online for SBI SCO Wealth Management Recruitment 2026 2026?
To apply for SBI SCO Wealth Management Recruitment 2026: 1) Visit the official website using the Apply Online link above. 2) Register with your email and mobile number. 3) Fill the application form with correct details. 4) Upload your photo and signature. 5) Pay the application fee. 6) Submit and take a printout for reference.
Q6. What is the salary for SBI SCO Wealth Management Recruitment 2026?
The salary for SBI SCO Wealth Management Recruitment 2026 is Contract Tenure: Initial engagement is for 5 Years (extendable by another 4 years at the sole discretion of the Bank). . Zonal Head (Retail): CTC upper range up to ₹97.00 Lakhs (Fixed Pay: ₹66.00 Lakhs + PLP 0% to 45% + Allowances). . Regional Head (RH): CTC upper range up to ₹66.40 Lakhs (Fixed Pay: ₹45.00 Lakhs + PLP 0% to 45% + Allowances). . Regional Head (RH): CTC upper range up to ₹66.40 Lakhs (Fixed Pay: ₹45.00 Lakhs + PLP 0% to 45% + Allowances). . VP Wealth (SRM): CTC upper range up to ₹44.70 Lakhs; Investment Specialist (IS): CTC upper range up to ₹44.50 Lakhs. . AVP Wealth (RM): CTC upper range up to ₹30.20 Lakhs; Investment Officer (IO): CTC upper range up to ₹27.10 Lakhs. . Remuneration includes Fixed Pay, Conveyance, Mobile, Medical Allowances, Annual Increments (up to 20%–25%), and Performance Linked Pay (PLP up to 45% of Fixed Pay). Leave entitlement is 30 days per financial year. The contract can be terminated by either side by serving a 2-month notice or 2 months' compensation in lieu thereof. . This is as per the 7th Pay Commission norms along with DA, HRA and other allowances.