The State Bank of India (SBI) Officer Recruitment 2026 has released a new recruitment notification for the engagement of Specialist Cadre Officers on a contract basis in its Wealth Management business. The recruitment is being conducted under Advertisement No. CRPD/SCO/2026-27/23.
The recruitment offers opportunities for experienced professionals in banking, wealth management, investment advisory, sales and financial services. The online application process will begin on 4 September 2026 and continue until 25 September 2026.
SBI Recruitment 2026: Overview
| Particular | Details |
|---|---|
| Recruiting Organisation | State Bank of India (SBI) |
| Recruitment | Specialist Cadre Officers – Wealth Management |
| Advertisement No. | CRPD/SCO/2026-27/23 |
| Job Type | Contract Basis |
| Application Mode | Online |
| Application Start Date | 4 September 2026 |
| Last Date to Apply | 25 September 2026 |
| Selection Process | Shortlisting + Interview + CTC Negotiation |
| Contract Period | 5 years |
| Maximum CTC | Up to ₹97 lakh per annum |
| Official Website | SBI Careers |
The notification states that candidates must complete registration and fee payment within the prescribed application period.
SBI Recruitment 2026
SBI Officer Recruitment 2026 has announced vacancies for seven different posts in its Wealth Management vertical:
- Zonal Head (Retail)
- Regional Head (RH)
- Relationship Manager – Team Lead
- Investment Specialist (IS)
- Investment Officer (IO)
- VP Wealth (SRM)
- AVP Wealth (RM)
The notification provides 207 regular vacancies, along with additional backlog vacancies across several posts. The vacancy figures are provisional and may change according to the Bank’s actual requirements.
Regular Vacancy Details
| Post | Regular Vacancies | Age Limit* |
|---|---|---|
| Zonal Head (Retail) | 1 | 35–50 years |
| Regional Head (RH) | 5 | 35–50 years |
| Relationship Manager – Team Lead | 24 | 28–42 years |
| Investment Specialist (IS) | 9 | 28–42 years |
| Investment Officer (IO) | 4 | 28–40 years |
| VP Wealth (SRM) | 91 | 26–42 years |
| AVP Wealth (RM) | 73 | 23–35 years |
*Age is to be calculated as on 31 August 2026. Age relaxation for eligible reserved-category candidates will be applicable according to Government of India guidelines.
The notification also includes backlog vacancies, particularly for reserved categories and PwBD categories. Candidates should therefore carefully check the detailed vacancy table in the official advertisement before applying.
Circle-Wise Vacancies
For the posts of Relationship Manager-Team Lead, Investment Specialist, Investment Officer, VP Wealth and AVP Wealth, vacancies are distributed among different SBI Circles.
The major circles listed in the notification include Amaravati, Bengaluru, Bhopal, Bhubaneswar, Chandigarh, Chennai, Gandhinagar, Guwahati, Hyderabad, Jaipur, Kolkata, Lucknow, Maharashtra, Mumbai Metro, New Delhi, Patna and Thiruvananthapuram.
Candidates applying for these five posts must provide three different Circle preferences in the application. Repetition of a Circle is not permitted, and the Bank will have discretion in dealing with incorrect selections. No request for changing Circle preference will be entertained later.
SBI Recruitment 2026 Wealth Management Salary
One of the biggest attractions of this recruitment is the remuneration package. The annual CTC upper range varies depending on the post.
| Post | Maximum Annual CTC |
|---|---|
| Zonal Head (Retail) | ₹97.00 lakh |
| Regional Head (RH) | ₹66.40 lakh |
| Relationship Manager – Team Lead | ₹51.80 lakh |
| Investment Specialist (IS) | ₹44.50 lakh |
| Investment Officer (IO) | ₹27.10 lakh |
| VP Wealth (SRM) | ₹44.70 lakh |
| AVP Wealth (RM) | ₹30.20 lakh |
The notification specifically states that the annual CTC is negotiable and will depend on factors such as the candidate’s experience, current remuneration and place of posting. The CTC includes fixed and variable/performance-linked components and other applicable benefits.
Fixed Pay and Performance-Linked Pay
The remuneration structure includes fixed pay, allowances and performance-linked pay. For example, the maximum fixed pay for a Zonal Head is ₹66 lakh, while the Performance Linked Pay can range from 0% to 45% of fixed pay. Similar performance-linked structures are provided for the other positions.
Contract Period
The engagement will initially be for five years. For the Zonal Head position, the notification specifically provides that the contract may be renewable for another four years at the Bank’s discretion, subject to applicable conditions.
The contract can also be terminated by either side by providing two months’ notice or by payment/surrender of two months’ compensation in lieu of notice.
Educational Qualification
The educational requirements differ from one post to another.
Zonal Head and Regional Head
Candidates must generally be graduates from a Government-recognised university or institution. Preferred qualifications include:
- MBA in Banking/Finance/Marketing with 60%
- CFP
- CFA
- NISM V-A
- NISM Investment Advisor
- NISM 21-A
For Zonal Head, SBI requires a minimum of 15 years of experience in sales management in Wealth Management, Retail Banking or AMCs, including at least 5 years of experience leading a large team of Relationship Managers and Team Leads.
For Regional Head, the requirement includes 12+ years of post-qualification experience in relationship management, preferably in wealth management, along with 5+ years of experience leading a large team of Relationship Managers or Team Leads.
Relationship Manager – Team Lead
The minimum qualification is graduation from a Government-recognised university or institution.
Preferred qualifications include an MBA in Banking/Finance/Marketing with 60% and certifications such as CFP, CFA and relevant NISM certifications.
Candidates need a minimum of 8 years of post-qualification experience in relationship management, preferably in wealth management with leading public/private/foreign banks, broking or securities firms, or AMCs. Team Lead experience is preferred.
Investment Specialist
The Investment Specialist position requires a professional qualification such as a 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.
A minimum of 6 years of post-qualification experience as an investment advisor, counsellor, officer or member of a product team in Wealth Management firms/AMCs is required.
Investment Officer
Candidates for Investment Officer must have a relevant PG Degree/PG Diploma in areas such as Finance, Accountancy, Business Management, Commerce, Economics, Capital Markets, Banking, Insurance or Actuarial Science, or hold CA/CFA.
The minimum experience requirement is 4 years of post-qualification experience in investment advisory, counselling, officer or product-team roles in Wealth Management firms/AMCs.
VP Wealth
For VP Wealth, graduation is mandatory. Preferred qualifications include an MBA in Banking/Finance/Marketing with 60% and certifications such as NISM V-A, XXI-A, CFP or CFA.
Candidates require 6 years of experience in sales and marketing with leading public/private/foreign banks, Wealth Management firms or AMCs. Experience as a Relationship Manager or in a similar Wealth Management role is preferred.
AVP Wealth
For AVP Wealth, graduation from a Government-recognised university or institution is mandatory. Post-graduation in Finance, Marketing or Banking and certifications such as NISM V-A, XXI-A, CFP or CFA are preferred.
The minimum experience requirement is 3 years in sales and marketing with leading public/private/foreign banks, Wealth Management firms, AMCs or specified SBI Wealth CRE experience.
Important Experience Rules
Applicants should pay particular attention to SBI’s experience-verification requirements.
The Bank may verify experience through documents such as:
- Experience certificates
- Annual performance appraisal letters
- Appointment and relieving letters
- Offer letters and Income Tax Returns
- Other authentic documents supporting the claimed period of experience
Importantly, experience of less than six months in an organisation will not be counted for eligibility, and teaching/training experience will not be counted.
SBI SCO Selection Process 2026
The selection process will consist of:
Shortlisting → Interview → CTC Negotiation → Final Merit List
SBI will first shortlist candidates based on parameters decided by the Bank. Merely meeting the minimum educational and experience requirements does not guarantee an interview call.
Interview
The interview will carry 100 marks, and the qualifying marks will be decided by SBI.
CTC Negotiation
CTC negotiations will be conducted individually with candidates either during the interview process or after completion of the interview.
Final Merit List
The merit list will be prepared in descending order based on interview marks. If candidates receive the same marks at the cut-off point, the candidate’s age will be considered, with the older candidate ranked higher.
Application Fee
The application fee and intimation charges are:
- ₹750 – UR/EWS/OBC candidates
- No fee – SC/ST/PwBD candidates
The fee is non-refundable and cannot be adjusted against any future examination or selection.
Documents Required
Candidates should keep the required documents ready before starting the online application. These include:
- Recent photograph
- Signature
- Brief Resume
- ID Proof
- PAN Card
- PwBD certificate, where applicable
- Educational certificates/mark sheets
- Experience certificates
- Form-16/Offer Letter/Latest Salary Slip
- NOC, where applicable
- Bio-data and CTC format
The notification specifies that documents should generally be uploaded in PDF format, while photograph and signature have separate format and size requirements.
How to Apply for SBI Wealth Management Recruitment 2026
Eligible candidates can apply online through the SBI Careers portal.
Step 1: Visit the SBI Careers/Current Openings section.
Step 2: Locate Advertisement No. CRPD/SCO/2026-27/23.
Step 3: Read the detailed advertisement carefully.
Step 4: Click on Apply Online.
Step 5: Complete the registration and enter the required personal, educational and professional details.
Step 6: Upload the required documents, photograph and signature.
Step 7: Pay the applicable application fee.
Step 8: Carefully review the application before final submission.
Step 9: Submit the application and retain the application form and e-receipt for future reference.
SBI has specifically advised candidates to verify their application carefully because corrections are not allowed after final submission.
Official SBI Careers Portal:
SBI Careers – Current Openings
Important Points Candidates Should Remember
Candidates should keep the following points in mind before applying:
- The application window is 4 September to 25 September 2026.
- Eligibility is determined based on the prescribed cut-off date, generally 31 August 2026 for qualification, experience and age-related criteria.
- Candidates can apply for more than one post if they fulfil the eligibility conditions for each post.
- Teaching and training experience will not be counted.
- Experience of less than six months in an organisation will not be considered.
- Candidates working in Government, PSUs, nationalised banks, financial institutions or SBI Group companies may need to submit an NOC.
- For five specified posts, candidates must provide three different Circle preferences.
- SBI reserves the right to transfer officers engaged on contract to other offices or organisations according to service requirements.
- Merely meeting the eligibility criteria does not guarantee an interview call.
- Candidates must provide genuine and verifiable information in the application.
Who Should Apply?
This recruitment is particularly suitable for experienced banking and financial-services professionals who have a background in:
- Wealth Management
- Relationship Management
- Retail Banking
- Investment Advisory
- Asset Management
- Financial Products
- Banking Sales
- Portfolio Management
- Investment Research
The senior positions such as Zonal Head and Regional Head are aimed at highly experienced professionals with significant leadership and relationship-management experience, while the Investment Specialist, Investment Officer, VP Wealth and AVP Wealth positions cater to professionals with specialised investment, sales and wealth-management experience.
Final Word
The SBI Specialist Cadre Officer Recruitment 2026 for Wealth Management presents a significant opportunity for experienced professionals looking to work with India’s largest public-sector bank in specialised wealth-management roles.
With remuneration going up to ₹97 lakh annual CTC, multiple senior-level positions, opportunities across several SBI Circles and a contract period of five years, the recruitment is likely to attract experienced candidates from banking, wealth management and investment-related sectors.
However, applicants should not apply solely on the basis of the salary or job title. Each position has specific educational, experience and age requirements, and SBI will shortlist candidates according to its own parameters before conducting interviews. Candidates should therefore read the official notification carefully and ensure that all information and supporting documents are accurate before submitting the application.
Application deadline: 25 September 2026. Candidates are advised not to wait until the last date to complete the application.
- Apply Online: Click here
- Official Notification PDF: Click here
- Official Website: Click here
- More Recruitments: Click Here
