State Bank of India invites online applications for engagement of Specialist Cadre Officers on contract basis for Wealth Management and Premier Banking under Advertisement No. CRPD/SCO/2026-27/23. The recruitment covers Zonal Head (Retail), Regional Head, Relationship Manager-Team Lead, Investment Specialist, Investment Officer, VP Wealth and AVP Wealth. A total of 207 tentative vacancies are notified. Selection is through shortlisting followed by personal, telephonic or video interview and CTC negotiation. The initial contract period is 5 years and may be renewed for another 4 years at the discretion of SBI.
| Zonal Head (Retail) | Mandatory: Graduation from a Government recognised University or Institution. Minimum 15 years of experience in managing sales in Wealth Management / Retail Banking / AMCs, including minimum 5 years leading a large team of Relationship Managers and Team Leads. Preferred qualifications include MBA in Banking/Finance/Marketing and certifications such as CFP, CFA, NISM V-A, NISM Investment Advisor or NISM 21-A. |
|---|---|
| Regional Head (RH) | Mandatory: Graduation from a Government recognised University or Institution. Minimum 12+ years of post-qualification experience in relationship management, preferably in wealth management with leading Public / Private / Foreign Banks, Wealth Management Firms or AMCs, including 5+ years leading a large team of Relationship Managers or a Team Lead. Preferred MBA and relevant wealth/investment certifications. |
| Relationship Manager – Team Lead | Mandatory: Graduation from a Government recognised University or Institution. Minimum 8 years of post-qualification experience in relationship management, preferably in wealth management. Team Lead experience is preferred. MBA and relevant wealth/investment certifications are preferred. |
| Investment Specialist (IS) | Mandatory: PG Degree or PG Diploma in Finance, Accountancy, Business Management, Commerce, Economics, Capital Markets, Banking, Insurance or Actuarial Science from a recognised institution OR CA/CFA. Minimum 6 years of post-qualification experience as Investment Advisor, Counsellor, Officer or product-team member in Wealth Management Firms / AMCs. |
| Investment Officer (IO) | Mandatory: PG Degree or PG Diploma in Finance, Accountancy, Business Management, Commerce, Economics, Capital Markets, Banking, Insurance or Actuarial Science from a recognised institution OR CA/CFA. Minimum 4 years of post-qualification experience as Investment Advisor, Counsellor, Officer or product-team member in Wealth Management Firms / AMCs. |
| VP Wealth (SRM) | Mandatory: Graduation from a Government recognised University or Institution. Minimum 6 years of experience in sales and marketing with leading Public / Private / Foreign Banks, Wealth Management Firms or AMCs. Minimum 6 years as a Relationship Manager or similar Wealth Management role is preferred. MBA and NISM/CFP/CFA certifications are preferred. |
| AVP Wealth (RM) | Mandatory: Graduation from a Government recognised University or Institution. Minimum 3 years of experience in sales and marketing with leading Public / Private / Foreign Banks, Wealth Management Firms or AMCs. SBI Wealth CREs require 4 years of experience. Post-graduation in Finance, Marketing or Banking and relevant certifications are preferred. |
| Age Limit | Zonal Head and Regional Head: 35–50 years. Relationship Manager-Team Lead and Investment Specialist: 28–42 years. Investment Officer: 28–40 years. VP Wealth: 26–42 years. AVP Wealth: 23–35 years. Maximum ages are for Unreserved candidates. Applicable relaxation for reserved categories is as per Government of India guidelines. |
| Experience Conditions | Teaching and training experience is not counted for eligibility. Experience of less than six months in any organisation is not considered for eligibility. Experience must be post-qualification wherever specified. |
| Application Fee | UR/EWS/OBC candidates: ₹750. SC/ST/PwBD candidates: Nil. The fee/intimation charges are non-refundable and are payable online through the prescribed payment gateway. |
| Contract Period | Selected Specialist Cadre Officers will initially be engaged for 5 years. The contract may be renewed for another 4 years at the discretion of SBI, subject to applicable conditions. |
| Contract Termination | The contract may be terminated by either side by giving two months notice or by payment/surrender of two months compensation in lieu of notice, subject to the terms of the engagement. |
| Circle Preference | Candidates applying for Relationship Manager-Team Lead, Investment Specialist, Investment Officer, VP Wealth and AVP Wealth are required to indicate three different Circle preferences while applying. Requests to change Circle preference are not entertained. |
| Government / PSU Employees | Candidates working in Government, Quasi-Government offices, Public Sector Undertakings, Nationalised Banks and SBI Group companies are required to produce a No Objection Certificate from their employer at the time of interview. |
| Vacancy Status | The vacancies are indicative. SBI reserves the right to transfer services of selected contractual officers to any of its offices depending on service exigencies. |
| Post | Vacancies |
|---|---|
| Zonal Head (Retail) | 1 |
| Regional Head (RH) | 5 |
| Relationship Manager – Team Lead | 24 |
| Investment Specialist (IS) | 9 |
| Investment Officer (IO) | 4 |
| VP Wealth (SRM) | 91 |
| AVP Wealth (RM) | 73 |
| Overall Reservation | — |
| Circle-wise Vacancy Distribution | — |
Qualification: Post-wise graduation / postgraduate qualification / CA / CFA with prescribed post-qualification experience
Maximum ages are for Unreserved candidates; applicable relaxation for reserved categories is as per Government of India guidelines.
Advertisement No. CRPD/SCO/2026-27/23.
Online registration and fee payment begins.
Last date for online registration and payment of application fee.
Age, qualification and post-qualification experience are reckoned as on 31.08.2026.
Mere fulfilment of minimum qualification and experience does not confer any right to be called for interview. SBI will constitute a shortlisting committee and decide the shortlisting parameters. The Bank may shortlist an adequate number of candidates for interview.
Shortlisted candidates will be called for Personal, Telephonic or Video Interview. The interview carries 100 marks. Qualifying marks will be decided by SBI.
CTC negotiation will be conducted with candidates one-by-one at the time of interview or after completion of the interview process.
The merit list will be prepared in descending order on the basis of scores obtained in the interview. Where candidates have common marks at the cut-off point, the older candidate will be ranked higher.
| Post / Level | Pay Scale |
|---|---|
| Zonal Head (Retail) | Annual CTC upper range is ₹97.00 lakh. CTC is negotiable and depends on experience, current emoluments and place of posting. |
| Regional Head (RH) | Annual CTC upper range is ₹66.40 lakh. CTC is negotiable and depends on experience, current emoluments and place of posting. |
| Relationship Manager – Team Lead | Annual CTC upper range is ₹51.80 lakh. CTC is negotiable and depends on experience, current emoluments and place of posting. |
| Investment Specialist | Annual CTC upper range is ₹44.50 lakh. CTC is negotiable and depends on experience, current emoluments and place of posting. |
| Investment Officer | Annual CTC upper range is ₹27.10 lakh. CTC is negotiable and depends on experience, current emoluments and place of posting. |
| VP Wealth (SRM) | Annual CTC upper range is ₹44.70 lakh. CTC is negotiable and depends on experience, current emoluments and place of posting. |
| AVP Wealth (RM) | Annual CTC upper range is ₹30.20 lakh. CTC is negotiable and depends on experience, current emoluments and place of posting. |
| Performance Linked Pay | The advertised annual CTC includes fixed pay, performance-linked pay and applicable perks. Performance-linked pay and annual increment are governed by SBI policy and performance rating. |
Annual CTC is negotiable. Upper range: ₹97.00 lakh for Zonal Head, ₹66.40 lakh Regional Head, ₹51.80 lakh RM-Team Lead, ₹44.50 lakh Investment Specialist, ₹27.10 lakh Investment Officer, ₹44.70 lakh V
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