State Bank of India has released a brand-new Wealth Management Specialist Cadre Officer notification — and it’s easy to confuse this with the Wealth Management SCO drive from December 2025. It isn’t the same one. This is Advertisement No. CRPD/SCO/2026-27/23, dated 4 September 2026, covering 211 vacancies across 7 distinct posts — Zonal Head, Regional Head, Relationship Manager-Team Lead, Investment Specialist, Investment Officer, VP Wealth, and AVP Wealth — with CTC running up to ₹97 lakh for the top post.
Selection is entirely interview-based (no written exam), applications close 25 September 2026, and this guide breaks down every post’s eligibility, experience requirement, pay structure, and circle-wise vacancy split straight from the official advertisement — so you know exactly which post you qualify for before the window shuts.
Table of Contents
SBI SCO Wealth Management 2026-27: Quick Overview & Important Dates
| Detail | Information |
|---|---|
| Conducting Body | State Bank of India (SBI), Central Recruitment & Promotion Department |
| Advertisement No. | CRPD/SCO/2026-27/23 |
| Posts | Zonal Head (Retail), Regional Head, Relationship Manager-Team Lead, Investment Specialist, Investment Officer, VP Wealth, AVP Wealth |
| Total Vacancies | 211 (across all 7 posts, Regular + Backlog) |
| Engagement Type | Contract Basis (Officers Engaged on Contract — OECs) |
| Contract Period | 5 years, renewable another 4 years at the Bank’s discretion |
| Application Mode | Online only |
| Online Application Start Date | 4 September 2026 |
| Online Application Last Date | 25 September 2026 |
| Application Fee | ₹750 (UR/EWS/OBC); Nil (SC/ST/PwBD) |
| Selection Process | Shortlisting → Interview (100 marks) → CTC Negotiation. No written exam. |
| Highest CTC | Up to ₹97 lakh (Zonal Head – Retail) |
| Official Website | sbi.bank.in/web/careers/current-openings |
This schedule and vacancy count are as per the official advertisement; SBI reserves the right to cancel the recruitment process entirely or for any post at any stage.
Is This the Same as the December 2025 SBI Wealth Management Recruitment?
No — these are two separate notifications. The earlier SBI Wealth Management SCO drive (Advertisement No. CRPD/SCO/2025-26/17) covered only VP Wealth (SRM), AVP Wealth (RM), and Customer Relationship Executive, with vacancies increased to 1,146 and applications extended to 10 January 2026. This new notification, CRPD/SCO/2026-27/23 (4 September 2026), is a distinct cycle covering 7 different posts — including two posts (Zonal Head and Regional Head) that weren’t part of the earlier drive at all — with its own 211 vacancies and a fresh 4-25 September 2026 application window.
If you already applied to the December 2025 cycle, that application has no bearing on this one — you’ll need to apply separately if you’re eligible for any of these 7 posts.
Vacancy Details: Post-Wise & Category-Wise
| Post | Type | SC | ST | OBC | EWS | UR | Total | PwBD (VI) | PwBD (HI) | PwBD (LD) | PwBD (D&E) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Zonal Head (Retail) | Regular | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 | 0 |
| Backlog | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | — | |
| Regional Head (RH) | Regular | 1 | 1 | 0 | 0 | 2 | 5 | 0 | 0 | 0 | 0 |
| Backlog | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | — | |
| Relationship Manager-Team Lead | Regular | 3 | 1 | 3 | 2 | 13 | 24 | 1 | 0 | 0 | 0 |
| Backlog | 0 | 2 | 0 | 0 | 0 | 0* | 0 | 1 | 1 | 0 | |
| Investment Specialist (IS) | Regular | 1 | 0 | 2 | 0 | 3 | 9 | 0 | 0 | 0 | 0 |
| Backlog | 2 | 1 | 0 | 0 | 0 | 1* | 0 | 0 | 0 | 0 | |
| Investment Officer (IO) | Regular | 0 | 0 | 1 | 0 | 2 | 4 | 0 | 0 | 0 | 0 |
| Backlog | 0 | 1 | 0 | 0 | 0 | 1* | 0 | 0 | 0 | 0 | |
| VP Wealth | Regular | 4 | 1 | 6 | 2 | 13 | 91 | 1 | 1 | 0 | 0 |
| Backlog | 14 | 18 | 33 | 0 | 0 | 4* | 3 | 4 | 4 | 0 | |
| AVP Wealth | Regular | 11 | 5 | 18 | 7 | 29 | 73 | 1 | 1 | 1 | 0 |
| Backlog | 3 | 0 | 0 | 0 | 0 | 2* | 2 | 1 | 3 | 0 |
As per the official notification table — the Backlog “Total” figures marked () are printed as shown in the source advertisement; SC/ST/OBC/EWS backlog figures in that row are separate from and not summed into this printed total in the source document. Candidates should cross-check exact backlog totals against the official PDF.
Abbreviations: UR-Unreserved, OBC-Other Backward Class-Non-Creamy Layer, SC-Scheduled Caste, ST-Scheduled Tribe, EWS-Economically Weaker Section, VI-Visually Impaired, HI-Hearing Impaired, LD-Locomotive Disability, D&E-PwBDs under Sec 34(1) clause (d) & (e) of the Rights of Persons with Disabilities Act, 2016.
EWS vacancies are tentative and subject to further Government of India directives/litigation outcomes. Candidates can apply for more than one post if they fulfil the eligibility criteria for each.
Circle-Wise Vacancy Breakup
| Circle | Relationship Manager (Team Lead) | Investment Specialist | Investment Officer | VP Wealth | AVP Wealth |
|---|---|---|---|---|---|
| Amaravati | 2 | 0 | 0 | 0 | 0 |
| Bengaluru | 2 | 0 | 1 | 28 | 20 |
| Bhopal | 1 | 1 | 0 | 3 | 4 |
| Bhubaneshwar | 1 | 0 | 1 | 0 | 0 |
| Chandigarh | 1 | 0 | 0 | 0 | 0 |
| Chennai | 0 | 0 | 0 | 6 | 2 |
| Gandhinagar | 1 | 0 | 1 | 2 | 0 |
| Guwahati | 2 | 0 | 0 | 0 | 0 |
| Hyderabad | 1 | 1 | 1 | 9 | 0 |
| Jaipur | 0 | 1 | 0 | 7 | 8 |
| Kolkata | 1 | 1 | 0 | 11 | 6 |
| Lucknow | 2 | 0 | 0 | 0 | 4 |
| Maharashtra | 1 | 1 | 0 | 0 | 0 |
| Mumbai Metro | 0 | 1 | 0 | 0 | 0 |
| New Delhi | 4 | 2 | 0 | 18 | 16 |
| Patna | 2 | 0 | 0 | 0 | 0 |
| Thiruvananthapuram | 3 | 1 | 0 | 7 | 13 |
| Total | 24 | 9 | 4 | 91 | 73 |
Candidates must indicate three different circle preferences (in priority order) for these five posts — Relationship Manager (Team Lead), Investment Specialist, Investment Officer, VP Wealth, AVP Wealth — while applying. Repeated/incorrect circle selection is resolved at the Bank’s discretion; no request for change of circle preference is entertained afterward, and candidates may be allotted a different circle than their choice if their preferred circle isn’t available.
Suggested Place of Posting
| Post | Suggested Place of Posting |
|---|---|
| Zonal Head (Retail) | East Zone (Kolkata) |
| Regional Head (RH) | Bengaluru, Bhopal, Hyderabad, Guwahati, Patna |
| Relationship Manager-Team Lead | Centres within the applied/opted Circle |
| Investment Specialist (IS) | Centres within the applied/opted Circle |
| Investment Officer (IO) | Centres within the applied/opted Circle |
| VP Wealth | Centres within the applied/opted Circle |
| AVP Wealth | Centres within the applied/opted Circle |
The Bank reserves the right to transfer selected officers to any SBI office in India, or depute them to associates/subsidiaries, as per service exigencies. Requests for a specific posting location are not entertained.
Eligibility Criteria & Job Profile — Post-Wise
All qualifications and experience are reckoned as on 31 August 2026.
1. Zonal Head (Retail)
- Mandatory Qualification: Graduate from a Government-recognized University/Institution.
- Preferred: MBA (Banking/Finance/Marketing) with 60%; or CFP/CFA/NISM V-A/NISM Investment Advisor/NISM 21-A.
- Mandatory Experience: Minimum 15 years in managing sales in Wealth Management/Retail Banking/AMCs, including at least 5 years leading a large team of Relationship Managers and Team Leads (preferably in Wealth Management Firms/AMCs).
- Job Profile: Managing Wealth Management sales for the allocated Zone, focused on growing Total Relationship Value (TRV) and Assets Under Management (AUM). Key responsibilities include managing RM Team Leads and RMs, acquiring HNI/Affluent clients, ensuring compliance and same-day execution of client instructions, and conducting zone investment seminars.
2. Regional Head (RH)
- Mandatory Qualification: Graduate from a Government-recognized University/Institution.
- Preferred: MBA (Banking/Finance/Marketing) with 60%; or CFP/CFA/NISM V-A/NISM Investment Advisor/NISM 21-A.
- Mandatory Experience: Minimum 12+ years in relationship management (preferably wealth management) with leading Public/Private/Foreign Banks/Wealth Management Firms/AMCs, including 5+ years leading a large RM/Team Lead team.
- Job Profile: Managing a team of RMs, RM (Team Leads), and Investment Officers across the allotted Circle(s); acquiring and deepening HNI/UHNI/Affluent client relationships; cross-selling investment/insurance products; increasing TRV, AUM, and Investment AUM per client.
3. Relationship Manager-Team Lead
- Mandatory Qualification: Graduate from a Government-recognized University/Institution.
- Preferred: MBA (Banking/Finance/Marketing) with 60%; or CFP/CFA/NISM V-A/NISM Investment Advisor/NISM 21-A.
- Mandatory Experience: Minimum 8 years in relationship management (preferably wealth management) with leading Public/Private/Foreign Banks/Broking/Security firms/AMCs. Prior Team Lead experience preferred.
- Job Profile: Managing a team of Relationship Managers for the Wealth Management business; acquiring and nurturing Affluent/HNI client relationships; selling investment/insurance products; conducting Financial Needs Analysis and periodic portfolio reviews; ensuring same-day instruction execution and full documentation.
4. Investment Specialist (IS)
- Mandatory Qualification: PG Degree/Diploma in Finance/Accountancy/Business Management/Commerce/Economics/Capital Markets/Banking/Insurance/Actuarial Science from a recognized college/university, or CA/CFA.
- Preferred: CA/CFP/CFA/NISM Investment Advisor/Research Analyst Certificate/NISM 21-A.
- Mandatory Experience: Minimum 6 years post-qualification experience as an investment advisor/counsellor/officer or part of a product team in Wealth Management Firms/AMCs.
- Specific Skills: Strong knowledge of investments/markets across asset classes, portfolio advisory experience, asset allocation/re-balancing knowledge, presentation and leadership skills, experience in fixed income/equity/alternate markets.
- Job Profile: Guiding clients on financial products (MF, FI, Structured Products, Discretionary Portfolios, Alternates); supporting VP Wealth/RMs with investment research and client presentations; ensuring AMFI/IRDA/NISM certification compliance.
5. Investment Officer (IO)
- Mandatory Qualification: Same as Investment Specialist — PG Degree/Diploma in Finance/Accountancy/Business Management/Commerce/Economics/Capital Markets/Banking/Insurance/Actuarial Science, or CA/CFA.
- Preferred: CA/CFP/CFA/NISM Investment Advisor/Research Analyst Certificate/NISM 21-A.
- Mandatory Experience: Minimum 4 years post-qualification experience as an investment advisor/counsellor/officer or part of a product team in Wealth Management Firms/AMCs.
- Job Profile: Same core role as Investment Specialist at a junior level — guiding clients on investment products, supporting VP Wealth/RM teams, research and house-view creation, ensuring compliance certifications.
6. VP Wealth
- Mandatory Qualification: Graduate from a Government-recognized University/Institution.
- Preferred: MBA (Banking/Finance/Marketing) with 60%; NISM V-A/XXI-A, CFP/CFA.
- Essential Experience: 6 years in sales & marketing with leading Public/Private/Foreign Banks/Wealth Management Firms/AMCs.
- Preferred Experience: Minimum 6 years as a Relationship Manager or similar role, preferably in Wealth Management.
- Job Profile: Acquiring and deepening Affluent/UHNI/HNI client relationships; cross-selling investment/insurance products and asset classes; growing TRV, AUM, and Investment AUM; ensuring AMFI/IRDA/NISM compliance and branch-level investment seminars.
7. AVP Wealth
- Mandatory Qualification: Graduate from a Government-recognized University/Institution.
- Preferred: Weightage for postgraduation in finance/marketing/banking; NISM V-A/XXI-A, CFP/CFA.
- Mandatory Experience: 3 years in sales & marketing with leading Public/Private/Foreign Banks/Wealth Management Firms/AMCs/SBI Wealth CREs (with 4 years experience).
- Preferred Experience: Minimum 3 years as a Relationship Manager or similar role, preferably in Wealth Management.
- Job Profile: Acquiring and deepening Affluent/HNI client relationships; selling investment/insurance products; growing TRV and AUM; ensuring AMFI/IRDA/NISM compliance, same-day instruction execution, and full documentation.
Note: For all posts, teaching and training experience will NOT be counted toward eligibility. Experience of less than 6 months in any organization is not considered.
Age Limit
| Post | Minimum Age | Maximum Age (as on 31.08.2026) |
|---|---|---|
| Zonal Head (Retail) | 35 years | 50 years |
| Regional Head (RH) | 35 years | 50 years |
| Relationship Manager-Team Lead | 28 years | 42 years |
| Investment Specialist (IS) | 28 years | 42 years |
| Investment Officer (IO) | 28 years | 40 years |
| VP Wealth | 26 years | 42 years |
| AVP Wealth | 23 years | 35 years |
Maximum age shown is for Unreserved category candidates; relaxation in upper age limit is available to reserved category candidates as per Government of India guidelines, wherever applicable.
Application Fee
| Category | Fee |
|---|---|
| UR/EWS/OBC | ₹750 (non-refundable, includes intimation charges) |
| SC/ST/PwBD | Nil |
Fee is payable online only (Internet Banking/Debit Card/Credit Card) at the time of application submission. Once paid, the fee is non-refundable and cannot be adjusted against any other exam/selection.
Remuneration: CTC & Contract Period
| Post | CTC Upper Range (₹ Lakhs) | Contract Period |
|---|---|---|
| Zonal Head (Retail) | 97.00 | 5 years (renewable another 4 years at the Bank’s discretion) |
| Regional Head (RH) | 66.40 | 5 years (renewable another 4 years) |
| Relationship Manager-Team Lead | 51.80 | 5 years (renewable another 4 years) |
| Investment Specialist (IS) | 44.50 | 5 years (renewable another 4 years) |
| VP Wealth (SRM) | 44.70 | 5 years (renewable another 4 years) |
| AVP Wealth (RM) | 30.20 | 5 years (renewable another 4 years) |
| Investment Officer (IO) | 27.10 | 5 years (renewable another 4 years) |
Annual CTC is negotiable and depends on the candidate’s experience, current emoluments, and place of posting. All posts are also eligible for Performance Linked Pay (PLP) and Annual Increment based on performance rating, per Bank policy. The contract can be terminated by either side with 2 months’ notice, or payment/surrender of 2 months’ compensation in lieu.
Bifurcation of Annual CTC
| Post | Fixed Pay | Conveyance/Mobile/Medical Allowances | Performance Linked Pay | Annual Increment Band |
|---|---|---|---|---|
| Zonal Head (Retail) | ₹66.00 Lakhs | ₹1.10 Lakhs | 0% to 45% of Fixed Pay | 0% to 25% |
| Regional Head (RH) | ₹45.00 Lakhs | ₹1.10 Lakhs | 0% to 45% of Fixed Pay | 0% to 20% |
| Relationship Manager-Team Lead | ₹35.00 Lakhs | ₹1.04 Lakhs | 0% to 45% of Fixed Pay | 0% to 25% |
| Investment Specialist (IS) | ₹30.00 Lakhs | ₹0.92 Lakhs | 0% to 45% of Fixed Pay | 0% to 25% |
| Investment Officer (IO) | ₹18.00 Lakhs | ₹0.92 Lakhs | 0% to 45% of Fixed Pay | 0% to 25% |
| VP Wealth (SRM) | ₹30.00 Lakhs | ₹1.16 Lakhs | 0% to 45% of Fixed Pay | 0% to 25% |
| AVP Wealth (RM) | ₹20.00 Lakhs | ₹1.16 Lakhs | 0% to 45% of Fixed Pay | 0% to 25% |
Selection Process
- Shortlisting — the Bank’s shortlisting committee decides parameters; merely meeting minimum qualification/experience does not guarantee an interview call. Provisional shortlisting is done without verifying original documents.
- Interview — one or more rounds of personal/telephonic/video interview, carrying 100 marks. Qualifying marks are decided by the Bank.
- CTC Negotiation — conducted individually with candidates during or after the interview process.
- Merit List — prepared in descending order of interview marks only. Where candidates tie at the cut-off, ranking is by descending age.
- Document Verification — conducted at the time of interview/joining; candidature is cancelled if claims aren’t substantiated with original documents.
- Engagement — subject to the candidate being declared medically fit, and to SBI’s service and conduct rules for the post.
Reservation Details
Reservation for SC/ST/OBC(Non-Creamy Layer)/EWS/PwBD follows prevailing Government of India guidelines. PwBD reservation is horizontal, included within the respective parent category’s vacancies. Candidates from reserved categories (including PwBD) for whom no specific reservation is shown against a post are free to apply under the UR category, provided they meet UR eligibility criteria. OBC candidates in the creamy layer are not entitled to OBC reservation/relaxation and must apply as UR. EWS candidates must hold a valid Income & Asset Certificate for FY2025-26 (valid for FY2026-27) by the application closing date — without it, they must apply under UR category only.
Debarment Clauses (Read Before Applying)
- Candidates previously selected and issued an offer letter in any past Wealth Management & Premier Banking (WBPM) recruitment but who did not join are debarred from applying for 2 years from the date of non-joining.
- Candidates previously engaged on contract for any post in this advertisement and who subsequently resigned are debarred from applying for 2 years from the date of resignation.
- Candidates who resigned after being issued a caution notice are barred from all future SBI recruitment processes.
How to Apply
- Log in to sbi.bank.in/web/careers/current-openings.
- Scroll down and click on the relevant advertisement.
- Download and carefully read Advertisement No. CRPD/SCO/2026-27/23 in full.
- Register online, scan and upload your latest photograph and signature.
- Fill the application form carefully — editing the saved form is allowed up to 3 times before final submission.
- Pay the application fee online (Internet Banking/Debit Card/Credit Card) — no further edits are allowed after fee payment.
- Take a printout of the system-generated application form and fee e-receipt for your records.
Document Upload Guidelines
| Document | Format | Notes |
|---|---|---|
| Recent Photograph | JPG/JPEG | 20-50 KB, 200×230 pixels, light/white background, no cap/dark glasses |
| Signature | JPG/JPEG | 10-20 KB, 140×60 pixels, black ink on white paper, not in capital letters |
| Brief Resume | A4 size, under 500 KB | |
| ID Proof | A4 size, under 500 KB | |
| PAN Card | A4 size, under 500 KB | |
| PwBD Certificate (if applicable) | A4 size, under 500 KB | |
| Educational Certificates | Mark-sheets/Degree Certificate | |
| Experience Certificates | A4 size, under 500 KB | |
| Form-16/Offer Letter/Latest Salary Slip | From current employer | |
| No Objection Certificate (if applicable) | Required for candidates in Govt./PSU/SBI Group employment | |
| Bio-data and CTC Format | As specified in the application |
Scanner settings: minimum 200 DPI resolution, True Color mode. Once uploaded and submitted, documents cannot be edited or changed.
Important Links
| Resource | Link |
|---|---|
| Official SBI Careers Website | https://sbi.bank.in/ |
| SBI SCO 2026-27 Direct Apply Link | Click Here |
| SBI SCO 2026-27 Official Advertisement (CRPD/SCO/2026-27/23) | Download PDF |
| For Any Educational Updates Join Telegram Channel | Notify U |
| For Study Material Subscribe YouTube Channel | Subscribe Notify U |
| For Any Educational Updates On Whatsapp | Join Whatsapp Channel |
FAQ
Is this the same as SBI’s earlier Wealth Management recruitment (December 2025) ?
No. That was Advertisement No. CRPD/SCO/2025-26/17 (VP Wealth, AVP Wealth, and Customer Relationship Executive only, with vacancies increased to 1,146). This is a new, separate notification — CRPD/SCO/2026-27/23, dated 4 September 2026 — covering 7 distinct posts.
What is the application window for SBI SCO Wealth Management 2026-27 ?
Online applications are open from 4 September 2026 to 25 September 2026.
What is the application fee ?
₹750 for UR/EWS/OBC candidates; no fee for SC/ST/PwBD candidates.
What is the contract period for these posts ?
5 years, renewable for another 4 years at the Bank’s discretion, subject to fulfilling any conditions the Bank may stipulate.
What is the highest CTC offered in this recruitment ?
Up to ₹97 lakh, for the Zonal Head (Retail) post.
Is there a written exam for this recruitment ?
No. Selection is via shortlisting followed by interview (100 marks) and CTC negotiation — there is no written test mentioned in the official advertisement.
How many circle preferences can a candidate select ?
For the five posts requiring circle preference (Relationship Manager-Team Lead, Investment Specialist, Investment Officer, VP Wealth, AVP Wealth), candidates must indicate three different circles in priority order. No change request is entertained after submission.
Will previously non-joined or resigned SBI contract officers be considered ?
Candidates who were selected and issued an offer letter in a past WBPM recruitment but did not join are debarred for 2 years from the date of non-joining. Those who resigned after being engaged on contract are similarly debarred for 2 years, and those who resigned after a caution notice was issued are barred from all future SBI recruitment.
Can a candidate apply for more than one post ?
Yes — candidates can apply for more than one post in this advertisement, provided they fulfil the eligibility criteria for each post applied for.
Author’s Suggestion
The Zonal Head and Regional Head posts weren’t part of the earlier December 2025 cycle at all — if you have 12+ years of leadership experience in wealth/retail banking, this is a genuinely new opportunity, not a repeat of a notification you may have already checked and moved past.
Disclaimer
This article is based on SBI’s official Advertisement No. CRPD/SCO/2026-27/23, dated 4 September 2026. The Bank reserves the right to cancel the recruitment process entirely or for any specific post at any stage. Candidates should verify all details directly on sbi.bank.in/web/careers before applying.
