State Bank of India has opened applications for its Specialist Cadre Officer recruitment drive, aimed at strengthening the Wealth Management vertical of the bank. This SBI SCO Recruitment 2026 offers 207 tentative openings spread across seven distinct roles, making it one of the notable Government Job opportunities in the banking and finance sector this year. The available posts range from senior leadership roles such as Zonal Head (Retail) and Regional Head to specialist positions including Relationship Manager–Team Lead, Investment Specialist, Investment Officer, and Wealth Management officers at the VP and AVP levels. This variety means the recruitment caters to professionals at different career stages, from those with a handful of years in sales and relationship management to seasoned leaders with over a decade of experience in wealth advisory. Candidates holding an MBA, CFA, CFP, or NISM certification, along with relevant experience in banking, wealth management, or investment advisory, will find several posts well suited to their background. The educational qualifications required vary by role, with graduate degrees needed for leadership and relationship-focused posts, and postgraduate qualifications in finance, commerce, or related fields required for the investment specialist roles. A major draw of this SBI Recruitment 2026 drive is the compensation on offer. CTC packages are negotiable and depend on a candidate's experience and current emoluments, going up to ₹97 lakh annually for the Zonal Head post. Beyond the base pay, selected candidates are also eligible for Performance Linked Pay of up to 45% of Fixed Pay, along with annual increments tied to performance ratings, making this an attractive Apply Online opportunity for experienced banking professionals. The engagement itself is on a contractual basis for an initial period of five years, with a provision for renewal for another four years depending on the Bank's requirements and the employee's performance. This offers a fair degree of job stability while still being distinct from a traditional regular government appointment. Applicants should note that the eligibility criteria — including age and experience — are assessed as of 31 August 2026. It is important for interested candidates to check the specific age bracket and experience requirement for the post they are targeting, since these vary considerably across the seven categories. Teaching or training experience is not counted for eligibility purposes, and any professional stint of less than six months will not be considered while evaluating experience. The application process for this SBI Vacancy is entirely online, and candidates are permitted to apply for more than one post as long as they meet the eligibility conditions for each post individually. Given that the application window has already been extended once, candidates are strongly encouraged to complete their submissions well ahead of the new deadline to avoid last-minute technical glitches. With vacancies distributed across 17 SBI Circles covering nearly every region of the country, this recruitment gives applicants meaningful flexibility in choosing their preferred work locations while joining a reputed and stable banking institution.
Authority - Central Government
Application Mode - Online
Job Type - Contractual
Advertisement - CRPD/SCO/2026-27/23
Posted On
27 Sept 2026, 01:52 pm
Total Posts
207
Organization
State Bank of India (SBI)
| Sl. No | Post Name | No. of Posts | Pay Scale |
|---|---|---|---|
| 1 | Zonal Head (Retail) | 1 | CTC up to ₹97.00 Lakh p.a. |
| 2 | Regional Head (RH) | 5 | CTC up to ₹66.40 Lakh p.a. |
| 3 | Relationship Manager–Team Lead | 24 | CTC up to ₹51.80 Lakh p.a. |
| 4 | Investment Specialist (IS) | 9 | CTC up to ₹44.50 Lakh p.a. |
| 5 | Investment Officer (IO) | 4 | CTC up to ₹27.10 Lakh p.a. |
| 6 | VP Wealth (SRM) | 91 | CTC up to ₹44.70 Lakh p.a. |
| 7 | AVP Wealth (RM) | 73 | CTC up to ₹30.20 Lakh p.a. |
Kindly read the complete official notification carefully before applying!

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