State Bank of India (SBI), through its Central Recruitment and Promotion Department (CRPD), Corporate Centre, Mumbai, has published an employment notification for 854 vacancies (854 posts) across specialized Wealth Management cadres. This premier banking recruitment invites applications from experienced financial professionals for positions including Relationship Manager, Investment Counselor, Central Operations Team Member, and Project Development Manager. Online applications are accepted on sbi.bank.in/web/careers/current-openings starting 30 September 2026 until 21 October 2026. Appointed officers receive competitive banking executive compensation packages ranging from Rs. 15 Lakhs to Rs. 35 Lakhs CTC per annum.
SBI Wealth Management SCO 2026: Cadre Distribution and Pay Scale
The 854 vacancies offer structured career pathways across major metropolitan and Tier-1 banking centres:
| Designation | Notified Vacancies | Prescribed Educational Qualification | Minimum Post-Qualification Experience | Upper Age Limit |
|---|---|---|---|---|
| Relationship Manager (RM) | 520 Posts | Graduate Degree in any discipline from a recognized University | 3 Years in Relationship Management in Wealth Banking | 35 Years |
| Investment Counselor (IC) | 180 Posts | Graduate / Post Graduate + Mandatory NISM / CFP Certification | 3 Years as Investment Advisor / Financial Planner | 35 Years |
| Central Operations Team Support | 110 Posts | Graduate Degree with Commerce, Economics, or Management background | 2 Years in Banking Operations or Back-office Processing | 32 Years |
| Project Development Manager | 44 Posts | MBA / PGDM in Marketing, Finance, or Technology Systems | 4 Years in Digital Banking Strategy or Product Development | 38 Years |
Selection Process and Exam Pattern
Selection for SBI Wealth Management Specialist Cadre Officers is formulated without a mass preliminary written exam, focusing on executive screening:
- Shortlisting: Merely fulfilling minimum qualifications does not confer a right to interview. The Shortlisting Committee filters applications based on relevance of corporate banking experience, financial sales volume, certifications, and academic record.
- Executive Interview (100 Marks): An interview panel evaluates financial market expertise, portfolio allocation strategies, wealth product cross-selling, compliance handling, and executive communication.
- Merit List Formulation: The final merit list is prepared in descending order of interview scores out of 100 marks, subject to meeting minimum qualifying standards.
| Evaluation Stage | Maximum Marks | Minimum Qualifying Benchmark | Assessment Criteria |
|---|---|---|---|
| Shortlisting Stage | Qualifying | Committee Discretion | Years of relevant wealth management experience and tier of previous employer |
| Personal Interview | 100 Marks | 50% for UR/EWS, 45% for Reserved | Wealth advisory acumen, regulatory knowledge, client management skills |
Previous Years Cutoff Trends and Qualifying Marks
Interview cutoffs for SBI Specialist Officers depend upon the pool of shortlisted executives:
- Unreserved & EWS Candidates: Minimum 50% marks in the interview (50 marks out of 100). Historic final merit cutoffs for Relationship Manager settled between 68 and 74 marks.
- OBC Candidates: Minimum 45% qualifying marks, with historic cutoffs settling between 62 and 69 marks.
- SC and ST Candidates: Minimum 40% to 45% qualifying marks, with selection cutoffs ranging from 55 to 64 marks.
Candidate Guidelines and Aspirant Suggestions
Executives applying for SBI Wealth Management positions should observe these professional requirements:
- Experience Documentation: Ensure work experience letters clearly specify job designation, exact dates of employment, and wealth management / relationship banking duties. Offer letters or salary slips alone without an experience certificate are not accepted.
- NISM Certification Compliance: Candidates applying for Investment Counselor must hold active NISM Series X-A and X-B or Certified Financial Planner (CFP) credentials.
- Application Fee Payment: General, EWS, and OBC candidates must pay an application fee of Rs. 750/- online. SC, ST, and PwBD applicants are exempt from payment.
- Contractual vs Regular Terms: Review appointment specifics in the official notification, as certain specialized roles are engagement-based for an initial term of 3 to 5 years with annual performance appraisals.
Frequently Asked Questions
What is the last date to apply for SBI Wealth Management SCO 2026?
The online registration window closes on 21 October 2026 on sbi.bank.in.
How many vacancies are announced in this notification?
There are exactly 854 vacancies for Specialist Cadre Officers in the Wealth Management Business Unit.
Is there any written examination for these posts?
No, selection is conducted through shortlisting and a personal interview board.
What is the upper age limit for Relationship Managers?
The maximum age limit is 35 years as of the cut-off date, with statutory age relaxations for OBC, SC, and ST candidates.
Can fresh graduates without experience apply?
No, a minimum of 2 to 3 years of specialized banking experience is mandatory depending on the cadre.