State Bank of India (SBI) has opened online applications for 207 Specialist Cadre Officer (SCO) vacancies in its Wealth Management vertical. This recruitment is being conducted on a contractual basis under Advertisement No. CRPD/SCO/2026-27/23, with applications accepted from 4 September 2026 to 25 September 2026 through the official SBI Careers portal.
The opportunity is aimed at experienced professionals in wealth management, relationship management, investment advisory, banking sales, and related financial-services roles. Candidates should note that these are not regular permanent bank-officer positions; selected candidates will initially receive a five-year contract, which SBI may extend by up to four more years at its discretion.
SBI SCO 2026 Overview
| Particular | Details |
|---|---|
| Recruiting organisation | State Bank of India (SBI) |
| Recruitment name | SBI Specialist Cadre Officer Recruitment 2026 |
| Advertisement number | CRPD/SCO/2026-27/23 |
| Total posts | 207 tentative vacancies |
| Engagement type | Contract basis |
| Contract period | 5 years; renewable for a further 4 years at SBI’s discretion |
| Application mode | Online only |
| Online application dates | 4 September 2026 to 25 September 2026 |
| Job location | Pan-India across 17 SBI Circles |
| Selection method | Shortlisting, interview and CTC negotiation |
| Application fee | ₹750 for UR/EWS/OBC; Nil for SC/ST/PwBD |
| Official portal | SBI Careers → Current Openings |
| Notification PDF | SBI SCO Recruitment 2026 Notification |
| Apply Online | https://recruitment.sbi.bank.in/crpd-sco-2026-27-23/apply |
SBI’s official Current Openings page lists the contractual SCO engagement and confirms that the online application window is open from 04.09.2026 to 25.09.2026.
Vacancy Details
The recruitment covers seven Wealth Management roles. The largest number of openings is for VP Wealth, followed by AVP Wealth.
| Post | Vacancies |
|---|---|
| Zonal Head (Retail) | 1 |
| Regional Head | 5 |
| Relationship Manager – Team Lead | 24 |
| Investment Specialist | 9 |
| Investment Officer | 4 |
| VP Wealth | 91 |
| AVP Wealth | 73 |
| Total | 207 |
The above vacancies include regular and backlog vacancies across reservation categories. SBI has also notified applicable horizontal reservation for eligible Persons with Benchmark Disabilities (PwBD), subject to the detailed advertisement.
For circle-based posts—Relationship Manager–Team Lead, Investment Specialist, Investment Officer, VP Wealth and AVP Wealth—applicants must choose three different preferred SBI Circles during the online application. SBI states that circle preferences cannot be changed later, and candidates may be considered for another circle if they are not allotted one of their preferences.
For Telangana-based aspirants, Hyderabad Circle vacancies include one Relationship Manager–Team Lead, one Investment Specialist, one Investment Officer and nine VP Wealth positions; no AVP Wealth vacancy is listed for Hyderabad Circle in this notification.
Eligibility and Age Limit
Eligibility differs substantially by post. Since this is a senior, experience-based Wealth Management recruitment, merely having a graduation degree will not be enough for most candidates.
| Post | Essential qualification | Required experience | Age limit as on 31 August 2026 |
|---|---|---|---|
| Zonal Head (Retail) | Graduate; MBA/finance/marketing and CFP/CFA/NISM preferred | Minimum 15 years in wealth management, retail banking or AMC sales, including 5 years leading large teams | 35–50 years |
| Regional Head | Graduate; MBA and CFP/CFA/NISM preferred | Minimum 12 years in relationship management, including 5 years in team leadership | 35–50 years |
| RM – Team Lead | Graduate; MBA and CFP/CFA/NISM preferred | Minimum 8 years in relationship management; team-lead experience preferred | 28–42 years |
| Investment Specialist | PG degree/diploma in finance, accountancy, management, commerce, economics, capital markets, banking, insurance or actuarial science; or CA/CFA | Minimum 6 years in investment advisory, counselling, investment product roles or related wealth-management work | 28–42 years |
| Investment Officer | Same postgraduate/CA/CFA qualification route as Investment Specialist | Minimum 4 years in relevant investment-advisory or wealth-management experience | 28–40 years |
| VP Wealth | Graduate; MBA and NISM V-A/XXI-A/CFP/CFA preferred | Essential 6 years in sales and marketing with banks, wealth firms or AMCs | 26–42 years |
| AVP Wealth | Graduate; PG in finance/marketing/banking and NISM/CFP/CFA preferred | 3 years in sales and marketing with relevant institutions, or 4 years as an SBI Wealth CRE | 23–35 years |
All educational qualification and post-qualification experience requirements are reckoned as on 31 August 2026. SBI does not count teaching or training experience for these eligibility conditions, and experience of less than six months with an organisation will not be considered. Upper-age relaxation for eligible reserved-category candidates applies as per Government of India rules.
Salary, Selection and Fee
The compensation is negotiable and depends on the candidate’s current salary, professional experience and posting location. SBI has indicated annual CTC upper ranges from approximately ₹27.10 lakh for Investment Officer to ₹97 lakh for Zonal Head (Retail). VP Wealth has a CTC upper range of ₹44.70 lakh, while AVP Wealth has a range of ₹30.20 lakh. The positions may also carry performance-linked pay and annual increments under SBI policy.
There is no written examination mentioned for this recruitment. The selection process consists of:
- Shortlisting of applicants based on qualifications, experience and criteria decided by SBI.
- Personal, telephonic and/or video interview rounds, carrying 100 marks.
- Individual CTC negotiation for shortlisted candidates.
- Final merit preparation based on interview marks; where candidates score the same cut-off marks, the older candidate is placed higher in merit.
The application fee is non-refundable:
- ₹750 for UR, EWS and OBC candidates.
- No fee for SC, ST and PwBD candidates.
Candidates can pay through the integrated online payment gateway using debit card, credit card or internet banking.
How to Apply Online
Eligible candidates should apply only through the SBI Careers website before the closing date of 25 September 2026.
- Visit the SBI Careers Current Openings page.
- Locate the contractual SCO recruitment under Advertisement No. CRPD/SCO/2026-27/23.
- Download and read the detailed notification before beginning the application.
- Register using an active mobile number and email address that will remain accessible until the recruitment process ends.
- Fill in personal, educational, professional and circle-preference details carefully.
- Upload the required photograph, signature, resume/biodata, identity proof, age proof, educational certificates, experience certificates and category/PwBD certificates where applicable.
- Pay the applicable fee online, if required.
- Submit the form only after reviewing every entry and save the registration number, completed form and e-receipt.
Applicants working in government departments, PSUs, nationalised banks, financial institutions or SBI Group entities must produce a No Objection Certificate from their employer at the interview stage. SBI will communicate interview-related information by email, not through physical call letters.
Candidates should apply early rather than waiting until the deadline, verify every experience requirement against the official advertisement, and retain copies of all uploaded documents. The detailed notification on SBI’s official careers page remains the final authority for eligibility, vacancy changes, corrigenda and other recruitment updates.