The State Bank of India (SBI) has officially released a recruitment notification (Advt. No. CRPD/SCO/2026-27/23) inviting online applications for 207 Specialist Cadre Officer (SCO) vacancies within its Wealth Management vertical. Candidates holding relevant post-qualification experience in banking, retail sales, or wealth management can submit their application online starting from September 4, 2026, to September 25, 2026.
Editorial Note & Verified Insight: All information in this article has been cross-verified directly with the official SBI recruitment notification issued by the Central Recruitment & Promotion Department (CRPD), Corporate Centre, Mumbai. Candidates are advised to review post-specific experience guidelines before applying, as teaching/training experience will not be considered valid.
SBI SCO Recruitment 2026: Overview
| Organization Name | State Bank of India (SBI) |
|---|---|
| Advertisement Number | CRPD/SCO/2026-27/23 |
| Post Name | Specialist Cadre Officer (Wealth Management Vertical) |
| Total Vacancies | 207 Posts |
| Job Location | Across India |
| Employment Type | Contractual (5 Years, renewable up to 4 years) |
| Salary Range | ₹27.10 Lakhs to ₹97.00 Lakhs Per Annum (CTC) |
| Application Mode | Online |
| Registration Dates | September 04, 2026 – September 25, 2026 |
| Official Website | sbi.co.in |
SBI SCO Vacancy & Salary Breakdown
The total 207 Specialist Cadre Officer vacancies are distributed across regular and backlog roles with annual CTC compensation structures as outlined below:
| Post Name | Total Vacancies | Age Limit | Annual CTC Salary |
|---|---|---|---|
| Zonal Head (Retail) | 01 (Backlog: OBC) | 35 – 50 Years | ₹97.00 Lakhs |
| Regional Head (RH) | 06 (Regular: 5, Backlog: 1) | 35 – 50 Years | ₹66.40 Lakhs |
| Relationship Manager – Team Lead | 33 (Regular: 24, Backlog: 9) | 28 – 42 Years | ₹51.80 Lakhs |
| Investment Specialist (IS) | 13 (Regular: 4, Backlog: 9) | 28 – 42 Years | ₹44.50 Lakhs |
| Investment Officer (IO) | 02 (Regular: 1, Backlog: 1) | 28 – 40 Years | ₹27.10 Lakhs |
| VP Wealth (SRM) | 100 (Regular: 91, Backlog: 9) | 28 – 42 Years | ₹44.70 Lakhs |
| AVP Wealth (RM) | 81 (Regular: 73, Backlog: 8) | 23 – 35 Years | ₹30.20 Lakhs |
Eligibility Criteria & Educational Qualification
1. Zonal Head (Retail)
- Qualification: Graduate degree from a recognized University/Institution. (MBA in Banking/Finance/Marketing and CFP/CFA/NISM certifications preferred).
- Mandatory Experience: Minimum 15 years post-qualification experience in managing sales in Wealth Management/Retail Banking/AMCs, including at least 5 years leading a large team of Relationship Managers and Team Leads.
2. Regional Head (RH)
- Qualification: Graduation from a recognized university (MBA and CFP/CFA/NISM preferred).
- Mandatory Experience: Minimum 12+ years of experience in relationship management within wealth management, leading banks, or AMCs (with 5+ years in a leadership role).
3. Relationship Manager – Team Lead
- Qualification: Graduate degree from a recognized university.
- Mandatory Experience: Minimum 8 years of post-qualification experience in relationship management/wealth management; experience as a Team Lead is preferred.
4. Investment Specialist (IS)
- Qualification: PG Degree/Diploma in Finance, Accountancy, Business Management, Commerce, Economics, Capital Markets, Banking, Insurance, or Actuarial Science, or CA/CFA.
- Mandatory Experience: Minimum 6 years of post-qualification experience as an investment advisor, counselor, officer, or product team member in Wealth Management firms or AMCs.
5. Investment Officer (IO)
- Qualification: Post-Graduate Degree/Diploma in Finance, Commerce, Banking, or related fields as specified, or CA/CFA.
- Mandatory Experience: Minimum 4 years of relevant post-qualification experience in investment advisory or product management.
6. VP Wealth (SRM)
- Qualification: Graduate degree (MBA along with NISM V-A/XXI-A/CFP/CFA preferred).
- Mandatory Experience: Minimum 6 years in sales and marketing with leading wealth management firms, banks, or AMCs.
7. AVP Wealth (RM)
- Qualification: Graduation from a recognized University (PG in Finance/Marketing/Banking or NISM certifications preferred).
- Mandatory Experience: Minimum 3 years in sales and marketing with leading banks/AMCs, OR 4 years as an SBI Wealth Customer Relationship Executive (CRE).
Selection Process
The selection procedure for SBI Specialist Cadre Officers involves direct evaluation without a written exam:
- Shortlisting: Candidates will be shortlisted based on educational qualification, relevance of experience, and fulfilled eligibility parameters.
- Interview: Shortlisted candidates will be invited for a Personal, Telephonic, or Video Interview evaluated out of 100 marks.
- CTC Negotiation: Final selection is finalized post CTC negotiation based on existing remuneration and experience.
Application Fee
- General / OBC / EWS Candidates: ₹750/-
- SC / ST / PwBD Candidates: Exempted (Nil)
- Payment Mode: Online via Credit Card, Debit Card, or Net Banking.
Step-by-Step Guide to Apply Online
- Visit the official portal at sbi.co.in/careers or access the direct apply portal.
- Locate Advertisement No. CRPD/SCO/2026-27/23.
- Click on “Apply Online” and complete your user registration.
- Fill in personal details, educational qualifications, and work experience accurate to official documents.
- Upload scanned copies of required documents in PDF format (Resume, ID Proof, Proof of Age, Educational Certificates, Experience Letters, Form-16/Pay Slips).
- Pay the application fee (if applicable) through the online payment gateway.
- Submit the form and retain a printed copy of the final application for reference.
Important Direct Links
- Official Notification PDF: Download Notification
- Online Application Portal: Apply Online Link
