SBI SCO Recruitment 2025: Notification Out for 103 Specialist Cadre Officers – Apply Now!

Major recruitment opportunity from India’s largest public sector bank! State Bank of India (SBI) has released the Specialist Cadre Officers (SCO) Recruitment 2025 notification on October 27, 2025, inviting applications for 103 prestigious positions across various Wealth Management and Investment domains on a contract basis. With attractive CTC packages ranging from ₹20.60 Lakhs to ₹1.35 Crores annually, this is an exceptional opportunity for experienced banking, finance, and wealth management professionals to join the country’s most trusted banking institution.

Download SBI SCO Detailed Notification

SBI SCO Recruitment 2025: Key Highlights

Total Vacancies: 103 Posts (+ 4 Backlog)

Abbreviations:

• UR: Unreserved
• OBC: Other Backward Classes (Non-Creamy Layer)
• SC: Scheduled Caste
• ST: Scheduled Tribe
• EWS: Economically Weaker Section (tentative)
• PwBD: Persons with Benchmark Disabilities (VI-Visually Impaired, HI-Hearing Impaired, LD-Locomotive Disability)

Important Note: Candidates can apply for more than one post if they fulfill all eligibility criteria for respective posts.

Post-Wise Salary Structure & CTC Details

Additional Components:

• Conveyance, Mobile, Medical Allowances: ₹0.32 L to ₹1.10 L per annum
• Annual Increment: 0% to 25% (performance-based)
• Performance Linked Pay: 35%-45% of Fixed Pay based on rating
• Negotiable CTC: Final salary depends on experience, current emoluments & place of posting

Note: The contract period is 5 years (renewable for another 4 years at Bank’s discretion). Contract can be terminated by either party with 2 months’ notice or payment in lieu thereof.

Eligibility Criteria: Post-Wise Requirements

1. Head (Product, Investment & Research) – 1 Post

Educational Qualification:

• Mandatory: Graduation/Post-Graduation from recognized University/Institution
• Preferred: CA/CFP/CFA/NISM Investment Advisor/NISM 21-A/Research Analyst Certificate

Experience Required:

• Minimum 15 years in financial services, product development, investment advisory, private banking
• Out of which minimum 8 years in Wealth Management

Key Responsibilities:

• Design value proposition for Wealth Management Business
• Manage Research and Investment Teams
• Launch innovative wealth products
• Conduct product benchmarking quarterly
• Liaison with departments for technology solutions

CTC: ₹135 Lakhs per annum | Age: 35-50 years | Location: Mumbai

2. Zonal Head (Retail) – 4 Posts

Educational Qualification:

• Mandatory: Graduate from recognized University
• Preferred: MBA (Banking/Finance/Marketing) with 60% + CFP/CFA/NISM certifications

Experience Required:

• Minimum 15 years in sales management in Wealth Management/Retail Banking/AMCs
• Out of which minimum 5 years leading large teams of RMs and Team Leads

Key Responsibilities:

• Manage Zonal Wealth Management Sales
• Increase TRV (Total Relationship Value) and AUM (Assets Under Management)
• Manage RM teams to achieve budgets
• Acquire HNI and Affluent customers
• Ensure compliance and customer satisfaction

CTC: ₹97 Lakhs per annum | Age: 35-50 years | Locations: Mumbai (West), Bangalore (South), Kolkata (East), New Delhi (North)

3. Regional Head – 7 Posts (+ 1 Backlog)

Educational Qualification:

• Mandatory: Graduate from recognized University
• Preferred: MBA (Banking/Finance/Marketing) 60% + CFP/CFA/NISM certifications

Experience Required:

• Minimum 12+ years in relationship management (preferably wealth management)
• 5+ years leading large teams of RMs/Team Leads

Key Responsibilities:

• Manage RM teams, Team Leads & Investment Officers for assigned Circle
• Acquire, nurture, and grow HNI/UHNI/Affluent client relationships
• Cross-sell investment products, insurance, and asset classes
• Focus on increasing TRV, AUM, and Product Per Client metrics

CTC: ₹66.40 Lakhs per annum | Age: 35-50 years | Locations: New Delhi, Patna, Bhopal, Guwahati

4. Relationship Manager – Team Lead – 19 Posts (+ 1 Backlog)

Educational Qualification:

• Mandatory: Graduate from recognized University
• Preferred: MBA (Banking/Finance/Marketing) 60% + CFP/CFA/NISM certifications

Experience Required:

• Minimum 8 years in relationship management (preferably wealth management with leading banks/AMCs)
• Experience as Team Lead preferred

Key Responsibilities:

• Manage team of Relationship Managers
• Acquire and nurture Affluent/HNI clients
• Sell investment and insurance products
• Increase TRV and AUM of client portfolios
• Ensure compliance and team achievement of targets

CTC: ₹51.80 Lakhs per annum | Age: 28-42 years | Locations: Circle-wise across India (17 circles – see below)

5. Investment Specialist – 22 Posts (+ 1 Backlog)

Educational Qualification:

• Mandatory: 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/NISM 21-A

Experience Required:

• Minimum 6 years as investment advisor/counsellor/officer in Wealth Management Firms/AMCs

Key Responsibilities:

• Guide clients on financial services products
• Expert in MF, FI, Structured Products, Discretionary Portfolios, Alternate Products
• Asset allocation and portfolio rebalancing
• Prepare investment presentations
• Coach and update RM teams on latest products

CTC: ₹44.50 Lakhs per annum | Age: 28-42 years | Locations: Circle-wise across India

6. Investment Officer – 46 Posts (+ 1 Backlog)

Educational Qualification:

• Mandatory: 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/NISM 21-A

Experience Required:

• Minimum 4 years as investment advisor/counsellor/officer in Wealth Management Firms/AMCs

Key Responsibilities:

• Similar to Investment Specialist but at junior level
• Guide clients on investment products
• Assist RMs in portfolio creation and implementation
• Prepare presentations on investment products
• Ensure AMFI, IRDA, NISM certifications

CTC: ₹27.10 Lakhs per annum | Age: 28-40 years | Locations: Circle-wise across India

7. Project Development Manager (Business) – 2 Posts

Educational Qualification:

• Mandatory: MBA/PGDM from recognized University/Institution

Experience Required:

• Minimum 5 years in Bank/Wealth Management firms/Broking firms
• Preferred: Supervisory function in Business Process Management in Wealth area

Key Responsibilities:

• Manage relationships with Business Partners
• Explore new business partnerships
• Work with Business Heads on strategy formulation
• Create standard operating processes
• Manage CRM implementation and sales force automation

CTC: ₹30.10 Lakhs per annum | Age: 30-40 years | Location: Mumbai

8. Central Research Team (Support) – 2 Posts

Educational Qualification:

• Mandatory: Graduate in Commerce/Finance/Economics/Management/Mathematics/Statistics
• Preferred: Post-Graduation in same fields

Experience Required:

• Minimum 3 years in financial services supporting Research/Publications/MIS departments

Key Responsibilities:

• Support Research team by aggregating and analyzing data
• Create and update excel worksheets (Macro Economy, Stock & Sector research, Fixed Income, MF/PMS research)
• Prepare portfolio review templates
• Work with research team on publications/presentations
• Proficient in Microsoft Excel, PowerPoint, Word; Bloomberg, Reuters, CRISIL, ICRA tools

CTC: ₹20.60 Lakhs per annum | Age: 25-35 years | Location: Mumbai

Circle-Wise Vacancy Distribution

Important: Candidates must indicate three different circles for these three posts while applying. No change of circle preference allowed after submission.

How to Apply Online: Step-by-Step Process

Application Timeline

• Start Date: October 27, 2025
• Last Date: November 17, 2025
• Application Fee Payment: Same as application closing date
• Mode: Online only through SBI website

Step 1: Visit Official Website

• Go to https://sbi.bank.in/web/careers/current-openings
• Scroll down to find “Engagement of Specialist Cadre Officers on Contract Basis”
• Click on Advertisement No. CRPD/SCO/2025-26/15
• Download and read the complete official notification carefully

Step 2: Online Registration

First-Time Registration:

• Click on “Apply Online” button
• Fill basic details: Name, Date of Birth, Father’s/Mother’s Name, Email ID, Mobile Number
• Upload scanned documents (see specifications below)
• System will generate Registration Number and Password
• Save credentials securely for future login

If Already Registered:

• Login using existing Registration Number and Password
• Proceed to fill application

Step 3: Fill Application Form

Personal Details:

• Full Name (as per 10th certificate)
• Date of Birth, Gender, Category (UR/OBC/SC/ST/EWS)
• Contact details (Mobile, Email, Address)

Educational Qualification:

• Degree details, University name, Year of passing, Percentage/CGPA
• Upload scanned mark sheets and degree certificates

Professional Experience:

• Organization name, Designation, Period of employment
• Salary details, Roles & responsibilities
• Upload experience certificates, offer letters, relieving letters, IT returns, Form-16

Post Preferences:

• Select desired post(s) from dropdown
• For RM-Team Lead, Investment Specialist, Investment Officer: Select 3 different circles in order of preference

Document Upload:

• Recent photograph (JPG, 20-50 KB, 200×230 pixels)
• Signature (JPG, 10-20 KB, 140×60 pixels – NOT in capital letters)
• Resume/Biodata (PDF, max 500 KB)
• ID Proof (PAN Card mandatory – PDF, max 500 KB)
• Educational certificates (PDF, max 500 KB each)
• Experience certificates (PDF, max 500 KB each)
• Category certificate (if applicable – SC/ST/OBC/EWS/PwBD)
• NO Objection Certificate (if currently employed in Govt/PSU/Nationalized Bank)

Step 4: Pay Application Fee

Fee Structure:

• General/OBC/EWS: ₹750 (non-refundable)
• SC/ST/PwBD: NIL (Exempted)

Payment Methods:

• Internet Banking
• Debit Card/Credit Card
• Payment Gateway

Important: Application is complete only after successful fee payment. Save payment receipt for future reference.

Step 5: Final Submission

• Preview filled application carefully
• Verify all details, uploaded documents
• Submit application
• Download and print submitted application form
• Note down Registration Number and Application Number

Document Upload Specifications

Photograph Requirements

• Format: JPG/JPEG only
• Size: 20-50 KB
• Dimensions: 200×230 pixels (preferred)
• Background: Light-colored, preferably white
• Quality: Recent passport-style color picture
• Face: Clear, looking straight at camera, no glasses reflection
• Headwear: Religious headwear allowed but face must be visible

Signature Requirements

• Format: JPG/JPEG only
• Size: 10-20 KB
• Dimensions: 140×60 pixels (preferred)
• Style: Running handwriting (NOT capital letters)
• Paper: White paper with black ink pen
• Signed by: Candidate only (not by proxy)

Document Requirements

• Format: PDF only (except photo & signature)
• Page Size: A4
• File Size: Maximum 500 KB per document
• Quality: Clear, readable, properly scanned

Documents to Upload:

1. Resume/Biodata (mandatory)
2. PAN Card (mandatory)
3. ID Proof (Aadhaar/Passport/DL/Voter ID)
4. All educational certificates and mark sheets
5. Experience certificates (appointment letters, relieving letters, salary slips, Form-16, IT returns)
6. Category certificate (SC/ST/OBC/EWS/PwBD) if applicable
7. NOC from current employer (if working in Govt/PSU/Bank)

Selection Process

No Written Examination – Direct Interview

Step 1: Application Scrutiny

• Bank will scrutinize all applications
• Verify eligibility criteria (qualification, experience, age)

Step 2: Shortlisting

• Shortlisting committee will decide parameters
• Adequate number of candidates called for interview
• Mere fulfilling eligibility does NOT guarantee interview call
• Shortlisted candidates notified via email only (no hard copy)

Step 3: Interview (100 Marks)

• One or more rounds of personal/telephonic/video interview
• Qualifying marks as per Bank’s discretion
• Tests competencies, skills, experience, suitability
• Merit list prepared based on interview marks only

Step 4: CTC Negotiation

• Conducted with shortlisted candidates during or after interview
• Final CTC depends on experience, current salary, place of posting
• CTC is negotiable within upper limit specified

Step 5: Medical Examination

• Selected candidates undergo medical fitness test
• As per Bank’s health standards

Step 6: Final Selection & Joining

• Offer letter issued via email
• Document verification at time of joining
• Background verification and police record check
• Joining formalities completed

Important Instructions & Terms

Debarment Clauses (Critical)

1. Non-Joining Debarment:

• Candidates who received offer letter in previous WMPB recruitments but did not join: Debarred for 2 years from date of non-joining

2. Resignation Debarment:

• Candidates who resigned from contract posts mentioned in this advertisement: Debarred for 2 years from date of resignation

3. Caution Notice Debarment:

• Candidates who resigned after caution notice issued: Permanently barred from all future SBI recruitments

Key Terms & Conditions

Age Relaxation:

• SC/ST: 5 years
• OBC: 3 years
• PwBD: 10 years (UR), 13 years (OBC), 15 years (SC/ST)
• As per Government of India guidelines

Experience Calculation:

• Teaching & training experience NOT counted
• Experience less than 6 months in any organization NOT considered
• Verified through: Experience certificate, appointment/relieving letters, offer letter + IT returns, performance appraisals

Transfer Policy:

• Bank reserves right to transfer to any SBI office in India
• May be deputed to subsidiaries/associates/other organizations
• Request for specific location may not be entertained

Leave Entitlement:

• 30 days leave per financial year
• Granted for genuine reasons as per Bank’s policy

Notice Period:

• Either party can terminate with 2 months’ notice
• Or payment/surrender of 2 months’ compensation in lieu

Important Dates to Remember

Why Apply for SBI SCO 2025?

Career Benefits

✅ Prestigious Institution: Work with India’s largest and most trusted public sector bank
✅ Attractive CTC: Salaries ranging from ₹20.60 Lakhs to ₹1.35 Crores annually
✅ Performance Pay: 35-45% performance-linked pay on top of fixed salary
✅ Annual Increment: 0-25% yearly based on performance
✅ Job Security: 5-year contract renewable for 4 more years
✅ Professional Growth: Work with HNI/UHNI clients in Wealth Management domain
✅ Pan-India Presence: Opportunities across multiple cities and circles
✅ Learning Opportunities: Exposure to diverse financial products and investment strategies
✅ Reputation: SBI is India’s 5th strongest brand (Brand Finance India 100, 2024)

Frequently Asked Questions (FAQs)

Q1: Can I apply for multiple posts in SBI SCO 2025?
Answer: Yes, candidates can apply for more than one post if they fulfill all eligibility criteria for respective posts. However, maintain separate applications for each post.

Q2: Is there a written examination for SBI SCO recruitment?
Answer: No, there is NO written examination. Selection is based on shortlisting and interview only (100 marks).

Q3: What is the contract period and is it extendable?
Answer: Contract period is 5 years, renewable for another 4 years at the discretion of the Bank, subject to fulfillment of conditions.

Q4: What is the application fee for SBI SCO 2025?
Answer: Application fee is ₹750 for General/OBC/EWS candidates. SC/ST/PwBD candidates are exempted from fee payment.

Q5: Is teaching and training experience counted for eligibility?
Answer: No, teaching and training experience will NOT be counted for eligibility as per official notification.

Q6: Can I change my circle preference after submission?
Answer: No, no change of circle preference will be entertained at any stage after application submission.

Q7: Is NOC required from current employer?
Answer: Yes, candidates working in Government/Quasi-Government/PSU/Nationalized Banks/SBI Group must submit NOC at the time of interview, else candidature may not be considered.

Q8: What documents are mandatory to upload?
Answer: Resume, PAN Card, ID proof, educational certificates, experience certificates, photograph, signature are mandatory. Category certificates (SC/ST/OBC/EWS/PwBD) if applicable.

Q9: How will I be notified about interview?
Answer: Interview call letter will be sent via email only. No hard copy will be sent. Keep your registered email ID active.

Q10: What if I was previously offered SBI WMPB position but didn’t join?
Answer: You will be debarred for 2 years from the date of non-joining and cannot apply for this recruitment if within debarment period.

Conclusion

The SBI SCO Recruitment 2025 offers an exceptional opportunity for experienced wealth management, investment, and banking professionals to join India’s premier public sector bank with industry-leading compensation packages and growth prospects. With 103 vacancies across 8 specialized roles, attractive CTCs up to ₹1.35 Crores, and a 5-year contract (renewable for 4 years), this recruitment is one of the most lucrative in the banking sector.

Don’t miss this golden opportunity! Prepare your documents, update your resume highlighting relevant experience, and apply online before November 17, 2025. Ensure you meet the minimum eligibility criteria and upload all required documents to avoid rejection.

Apply now and take the next big step in your wealth management career with State Bank of India!

For queries, write through “Contact Us/Post Your Query” on SBI careers website: https://sbi.bank.in/web/careers

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