SBI Announces 207 Wealth Management Officer Posts with Up to ₹97 Lakh CTC

The State Bank of India (SBI) has unveiled an extensive recruitment initiative for banking and wealth management professionals, rolling out 207 Specialist Cadre Officer (SCO) vacancies across 17 banking circles nationwide. Released by SBI's Central Recruitment and Promotion Department at the Corporate Centre in Mumbai, the drive targets seasoned leaders as well as mid-level executives to reinforce the public lender's specialized high-net-worth portfolio. While the digital registration window was initially scheduled to conclude on September 25, the bank has formally extended the application cutoff date to October 5, 2026, granting prospective applicants extra time to submit their applications online through the official career portal at sbi.bank.in.

Vacancy Distribution and Contractual Tenure: Key Roles Across 17 Circles

The recruitment drive encompasses seven high-impact leadership and advisory profiles under a structured contractual engagement model:

• Post-Wise Vacancy Breakup: The portfolio features 91 vacancies for Vice President (VP) Wealth, 73 posts for Assistant Vice President (AVP) Wealth, 24 openings for Relationship Manager-Team Lead, alongside key administrative roles including Zonal Head (Retail), Regional Head, Investment Specialist, and Investment Officer.

• Contract Framework: Appointments are designated on a contract basis with an initial term of five years, which remains extendable by an additional four years at the sole discretion of the bank based on performance appraisals.

• Pan-India Deployment: Selected candidates will be assigned across 17 operational circles, leading retail wealth advisory divisions, customer acquisition programs, and investment desks.

Eligibility Criteria, Professional Experience, and Lucrative Salary Matrix

Remuneration and qualifications reflect the high-stakes financial advisory expectations attached to the roles:

• Educational Requirements: Applicants must hold a recognized graduate degree from an accredited institution. For technical desks like Investment Specialist and Investment Officer, candidates with credentials in Finance, Commerce, Economics, Chartered Accountancy (CA), or CFA will be accorded preference.

• Experience Benchmarks: Cutoff parameters are evaluated as of August 31, 2026. Roles such as Zonal Head demand a minimum of 15 years of banking or wealth management experience (with 5 years in team leadership), while positions like AVP Wealth require three to four years of domain experience.

• Age Windows & Application Fees: The minimum age for AVP Wealth is 23 years with a ceiling of 35 years, while senior posts like Zonal Head and Regional Head accept candidates between 35 and 50 years, with government-mandated relaxations for reserved categories. Application charges stand at ₹750 for General, OBC, and EWS candidates, with full exemptions granted to SC, ST, and PwD candidates.

• Competitive Compensation Structure: The annual Cost to Company (CTC) reaches up to ₹97 lakh for Zonal Head (Retail), approximately ₹66.40 lakh for Regional Head, and up to ₹51.80 lakh for Relationship Manager-Team Lead, supplemented by performance-linked variable pay and scheduled annual increments.

Evaluation Workflow: Shortlisting, 100-Mark Interview, and Step-by-Step Application

Selection relies strictly on merit-based evaluation and technical dialogue rather than preliminary written examinations:

• Shortlisting and Interview Rounds: Meeting bare eligibility criteria does not guarantee a call; an internal bank screening committee will shortlist candidates for a comprehensive 100-mark interview. The final merit list will be determined entirely by interview scores, with tie-breaks decided in favor of the older candidate.

• Prior Offer Bar and NOC Mandates: Government and public sector employees must present a No Objection Certificate (NOC) at the time of the interview. Furthermore, candidates who were previously issued an offer letter in a similar SBI recruitment cycle but failed to join remain debarred from applying for a two-year period.

• Online Application Steps: Candidates must visit sbi.bank.in/careers, download the official recruitment notification, fill in registration and employment details, upload prescribed photographs, signatures, and documentation, pay the ₹750 fee via digital channels, and retain printed submission receipts for subsequent verification rounds.