State Bank of India (SBI) has released an official recruitment notification for the engagement of Specialist Cadre Officers (SCO) on a contract basis in its Wealth Management business. The official notification (Advertisement No: CRPD/SCO/2026-27/23) offers 216 vacancies across various positions including Zonal Head, Regional Head, Relationship Manager-Team Lead, Investment Specialist, Investment Officer, VP Wealth, and AVP Wealth.

Eligible candidates who hold a Graduate degree or Post Graduate qualification and relevant experience in wealth management, banking, or financial services can register online. The registration window is active from 04.09.2026 to 25.09.2026. Candidates can complete their application submission and fee payment directly through the official SBI careers portal at https://sbi.bank.in/web/careers/current-openings.

📌 Overview Table

🎓 Post Wise Qualification & Eligibility Criteria

Candidates must meet the educational qualification and post-qualification experience requirements as on 31.08.2026. Teaching and training experience will not be counted towards post-qualification experience.

• Zonal Head (Retail)
  • Mandatory Qualification: Graduation degree from any Government recognized University or Institution.
  • Preferred: MBA in Banking, Finance, or Marketing with minimum 60% marks from a recognized institution. Certifications like CFP, CFA, NISM V-A, or NISM Investment Advisor are preferred.
  • Experience: Minimum 15 years of experience in sales management in Wealth Management, Retail Banking, or AMCs. Must have at least 5 years of experience leading a team of Relationship Managers and Team Leads.
• Regional Head (RH)
  • Mandatory Qualification: Graduation degree from a recognized University or Institution.
  • Preferred: MBA (Banking/Finance/Marketing) with 60% marks. CFP/CFA/NISM V-A/NISM Investment Advisor certifications.
  • Experience: Minimum 12+ years of post-qualification experience in relationship management (preferably wealth management) with Banks, Wealth Management firms, or AMCs. Must have 5+ years leading a team of Relationship Managers or Team Leads.
• Relationship Manager – Team Lead
  • Mandatory Qualification: Graduation degree from a recognized University or Institution.
  • Preferred: MBA (Banking/Finance/Marketing) with 60% marks. CFP/CFA/NISM V-A/NISM XXI-A certifications.
  • Experience: Minimum 8 years of post-qualification experience in relationship management with Banks, Broking, Security firms, or AMCs. Experience as a Team Lead is preferred.
• Investment Specialist (IS)
  • Mandatory Qualification: Post Graduate Degree or PG Diploma in Finance, Accountancy, Business Management, Commerce, Economics, Capital Markets, Banking, Insurance, Actuarial Science, or CA/CFA.
  • Preferred: CA, CFP, CFA, NISM Investment Advisor, or Research Analyst Certification.
  • Experience: Minimum 6 years of post-qualification experience as an investment advisor, counsellor, officer, or part of a product team in Wealth Management firms or AMCs.
• Investment Officer (IO)
  • Mandatory Qualification: PG Degree or PG Diploma in Finance, Commerce, Economics, Banking, Capital Markets, Insurance, or CA/CFA.
  • Preferred: CA, CFP, CFA, NISM Investment Advisor, or Research Analyst Certification.
  • Experience: Minimum 4 years of post-qualification experience as an investment advisor, counsellor, or product team member in Wealth Management firms or AMCs.
• VP Wealth (Senior Relationship Manager)
  • Mandatory Qualification: Graduation degree from a recognized University or Institution.
  • Preferred: MBA (Banking/Finance/Marketing) with 60% marks or certifications like NISM V-A, XXI-A, CFP, CFA.
  • Experience: Minimum 6 years of experience in sales and marketing with leading Banks, Wealth Management firms, or AMCs (preferably as a Relationship Manager).
• AVP Wealth (Relationship Manager)
  • Mandatory Qualification: Graduation degree from a recognized University or Institution.
  • Preferred: Post-graduation in Finance, Marketing, or Banking. Certifications like NISM V-A, XXI-A, CFP, or CFA.
  • Experience: Minimum 3 years of post-qualification experience in sales and marketing with Banks, Wealth Management firms, or AMCs. (SBI Wealth CREs with 4 years of experience are also eligible).

💰 Salary & Pay Scale Details

The engagement is strictly on a contract basis for an initial term of 5 Years (renewable for up to another 4 years at the discretion of the Bank). The CTC range is negotiable based on candidate experience, current emoluments, and place of posting.

Note: Annual increment band ranges from 0% to 25% (0% to 20% for Regional Head) based on performance ratings.

⏳ Age Limit

Age is calculated as on 31.08.2026.

• Upper age relaxation is granted to reserved category candidates (OBC, SC, ST, PwBD) in accordance with Government of India directives.

📝 Selection Process

The selection for these contract roles is conducted without any written competitive examination.

1. Shortlisting: A Shortlisting Committee formed by SBI will establish screening parameters to shortlist candidates based on their educational background, experience, and professional achievements.
2. Interview: Shortlisted candidates will be invited for a Personal, Telephonic, or Video Interview. The interview carries 100 Marks. Qualifying marks are decided by the bank.
3. CTC Negotiation: Remuneration discussions take place post-interview or individually during the interview stage.
4. Merit List: Final selection is strictly based on scores obtained in the interview in descending order. In case of tie-breaks at the cut-off marks, age is considered in descending order.

💳 Application Fee

Payment of fees must be completed online via Credit Card, Debit Card, or Net Banking.

• General / OBC / EWS Candidates: ₹750/- (Non-refundable)
• SC / ST / PwBD Candidates: Nil (Exempted)

📅 Important Dates

❓ How to Apply Online

Follow these step-by-step instructions to register your application:

1. Visit the official SBI Careers portal at https://sbi.bank.in/web/careers/current-openings.
2. Search for Advertisement No. CRPD/SCO/2026-27/23.
3. Click on the “Apply Online” link to access the registration portal.
4. Enter your personal details, email address, and mobile number to generate your Registration Number and Password.
5. Fill out the application form carefully including work experience, academic details, and circle choices. Candidates can select up to three Circle choices for eligible posts.
6. Upload scanned copies of required documents in PDF format (Resume, ID Proof, Educational Certificates, Experience Certificates, Form-16/Salary Slips) and recent Photograph & Signature in JPG format (under 50KB and 20KB respectively).
7. Review your filled information before final submission, as edits are allowed only up to three times prior to submission.
8. Pay the application fee of ₹750 (if applicable) through the integrated payment gateway.
9. Print and save the system-generated application form and e-receipt for future reference.

🔗 Important Direct Links

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