SBI - 207 Wealth Management Officers on CONTRACT, CTC up to Rs 97 Lakh (CRPD/SCO/2026-27/23)
State Bank of India is engaging 207 Specialist Cadre Officers in its Wealth Management business. Advertisement CRPD/SCO/2026-27/23. Applications close 25 SEPTEMBER 2026. TWO THINGS THE JOB SITES ARE NOT TELLING YOU, AND BOTH CHANGE THE DECISION. FIRST - THESE ARE CONTRACT POSTS, NOT PERMANENT BANK JOBS. The advertisement is titled ENGAGEMENT OF SPECIALIST CADRE OFFICERS ON CONTRACT BASIS. The contract runs five years, renewable for four more at the Bank's discretion, and either side can end it on two months' notice or two months' pay. This is not the officer cadre, and it is not a pensionable SBI job. Contrast it with the Bank of Baroda advertisement we carried yesterday, which is on regular basis. SECOND - THE VACANCIES ARE NOWHERE NEAR US. SBI publishes a circle-wise table in this advertisement, and NOT ONE OF THE SEVENTEEN CIRCLES LISTED IS IN JAMMU & KASHMIR. Bengaluru takes 51 of the 207. New Delhi takes 40. Thiruvananthapuram 24, Jaipur 16, Kolkata 19. CHANDIGARH, THE NEAREST LISTED CIRCLE TO US, HAS EXACTLY ONE POST - a single Relationship Manager (Team Lead). You choose three circles on the form, no change is allowed later, and if you do not get one of your three the Bank may place you in any other circle in the country. Also note the count. Several job sites are reporting 222 posts. The Bank's own table adds to 207. THE SEVEN POSTS VP Wealth - 91, age 26 to 42, annual CTC up to Rs 44.70 lakh. AVP Wealth (Relationship Manager) - 73, age 23 to 35, CTC up to Rs 30.20 lakh. This is the most accessible of the seven. Relationship Manager Team Lead - 24, age 28 to 42, CTC up to Rs 51.80 lakh. Investment Specialist - 9, age 28 to 42, CTC up to Rs 44.50 lakh. Regional Head - 5, age 35 to 50, CTC up to Rs 66.40 lakh. Investment Officer - 4, age 28 to 40, CTC up to Rs 27.10 lakh. Zonal Head (Retail) - 1, Kolkata, age 35 to 50, CTC up to Rs 97 lakh. EVERY POST NEEDS EXPERIENCE. There is nothing here for a fresher. AVP Wealth, the entry point, asks for a graduate degree in any discipline plus THREE YEARS in sales and marketing with a leading public, private or foreign bank, a wealth management firm or an AMC. The senior posts ask for considerably more. TEACHING AND TRAINING EXPERIENCE IS NOT COUNTED - the advertisement says so in capitals. The pay is the real draw. Rs 30.20 lakh at AVP level is well beyond what a JMG/S-I officer post pays, and up to 45 per cent of fixed pay is available as performance-linked pay on top. NO WRITTEN EXAM. Selection is shortlisting on your application, then an interview. The shortlisting committee sets its own parameters and the Bank's decision is final. FEE Rs 750 for UR, EWS and OBC candidates. Free for SC, ST and PwBD. NOTE THAT WOMEN ARE NOT EXEMPT here - unlike the Bank of Baroda advertisement, where women pay the concessional rate. If you are already in a government office, a PSU, a nationalised bank or an SBI group company, you must produce a No Objection Certificate. Apply only at sbi.bank.in under Careers, Current Openings.
Serve as a Specialist Cadre Officer in SBI's Wealth Management business, on a five-year contract Acquire, nurture and grow relationships with affluent and HNI clients to meet business objectives Sell investment and insurance products - mutual funds, life and general insurance, SIPs - and grow the client's Total Relationship Value and Assets Under Management Carry out financial needs analysis and risk profiling, and run periodic portfolio reviews for every client in your book Maintain AMFI, IRDA and NISM certifications, execute client instructions the same day, and keep 100 per cent documentation of transactions Accept posting to a centre within the circle allotted to you, which may not be one of the three you chose
THE 207 POSTS, WITH AGE AS ON 31.08.2026 AND MAXIMUM ANNUAL CTC VP Wealth (Senior Relationship Manager) - 91 posts. Age 26 to 42. CTC up to Rs 44.70 lakh. AVP Wealth (Relationship Manager) - 73 posts. Age 23 to 35. CTC up to Rs 30.20 lakh. The most accessible post here. Relationship Manager - Team Lead - 24 posts. Age 28 to 42. CTC up to Rs 51.80 lakh. Investment Specialist - 9 posts. Age 28 to 42. CTC up to Rs 44.50 lakh. Regional Head - 5 posts, at Bengaluru, Bhopal, Hyderabad, Guwahati and Patna. Age 35 to 50. CTC up to Rs 66.40 lakh. Investment Officer - 4 posts. Age 28 to 40. CTC up to Rs 27.10 lakh. Zonal Head (Retail) - 1 post, East Zone (Kolkata). Age 35 to 50. CTC up to Rs 97 lakh. The Bank's own table adds to 207. Several job sites are reporting 222. ELIGIBILITY FOR AVP WEALTH, THE ENTRY POINT Mandatory: a graduate degree from a government-recognised university or institution, in any discipline. Mandatory: THREE YEARS post-qualification experience in sales and marketing with a leading public sector, private sector or foreign bank, a wealth management firm, or an AMC. SBI Wealth CREs need four years. Preferred: post-graduation in finance, marketing or banking; certifications such as NISM V-A, NISM XXI-A, CFP or CFA; three years specifically as a Relationship Manager in wealth management. TEACHING AND TRAINING EXPERIENCE IS NOT COUNTED FOR ELIGIBILITY. The advertisement states this in capitals. WHERE THE POSTS ACTUALLY ARE - CIRCLE-WISE Bengaluru 51, New Delhi 40, Thiruvananthapuram 24, Kolkata 19, Jaipur 16, Hyderabad 12, Chennai 8, Bhopal 9, Gandhinagar 4, Lucknow 6, Guwahati 2, Patna 2, Amaravati 2, Bhubaneshwar 2, Maharashtra 2, Mumbai Metro 1, CHANDIGARH 1. NONE OF THE SEVENTEEN CIRCLES IS IN JAMMU & KASHMIR. Chandigarh, the nearest listed to us, has a single Relationship Manager (Team Lead) post. You must name THREE DIFFERENT circles on the application form. Repeating a circle lets the Bank decide for you. No change of preference is entertained at any stage, and if you do not get one of your three, your candidature may be considered for any other circle. THE CONTRACT - READ THIS BEFORE YOU APPLY Five years, renewable for a further four at the Bank's sole discretion. Either side may terminate at any time on two months' notice, or two months' compensation in lieu. These are not permanent officer-cadre posts and carry no pension. WHAT MAKES UP THE CTC For AVP Wealth: fixed pay up to Rs 20 lakh, allowances Rs 1.16 lakh, performance-linked pay of 0 to 45 per cent of fixed pay, and an annual increment band of 0 to 25 per cent. CTC is negotiable and depends on your experience, current salary and place of posting. SELECTION No written examination. Applications are shortlisted, and shortlisted candidates are interviewed. The shortlisting committee decides its own parameters and the Bank's decision is final. Meeting the minimum criteria does not entitle you to an interview. Where candidates tie at the cut-off, they are ranked by age in descending order. You must upload your resume, ID proof, age proof, caste and PwBD certificates where applicable, qualification certificates, experience details and biodata - an application missing these is not considered.
Advertisement CRPD/SCO/2026-27/23, State Bank of India, Central Recruitment & Promotion Department, Corporate Centre, Mumbai. DATES Online registration and fee payment: 04.09.2026 to 25.09.2026. Age, qualification and experience are all reckoned as on 31.08.2026. HOW TO APPLY Online only, at sbi.bank.in under Careers, then Current Openings. Hard copies are not to be sent anywhere. You may apply for MORE THAN ONE POST if you meet the criteria for each. With several applications for one post, only the last completed one is retained and the fee on the others is forfeited. FEE Rs 750 for UR, EWS and OBC candidates. No fee for SC, ST and PwBD candidates. WOMEN ARE NOT EXEMPT in this advertisement. Payment by internet banking, debit or credit card. Never refunded. UPLOAD EVERYTHING, OR YOU WILL NOT BE SHORTLISTED Resume, ID proof, age proof, caste and PwBD certificates where applicable, qualification certificates, experience details and the biodata form. An application missing these is not considered. CHOOSE YOUR CIRCLES CAREFULLY For the five circle-based posts you must name THREE DIFFERENT circles in order. No change is entertained at any stage. If you do not get one of your three, the Bank may consider you for any other circle in India. Note before you choose: no circle in this advertisement is in Jammu & Kashmir, and Chandigarh - the nearest listed - carries exactly one post. IF YOU ARE ALREADY IN PUBLIC SERVICE Candidates in government or quasi-government offices, PSUs including nationalised banks, financial institutions, or SBI group companies must submit a No Objection Certificate. OTHER THINGS TO KNOW Call letters go by EMAIL ONLY - no hard copy is sent. Keep the address active. Corrigendum and revisions are hosted on the Bank's website only. Teaching and training experience is not counted towards eligibility. If you are called for interview and found not to meet the criteria, you will neither be interviewed nor reimbursed any travel cost.
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