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.
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
Post
CTC (₹ Lakhs)
Fixed Pay
Performance Pay
Contract Period
Head (Product, Investment & Research)
₹135.00
₹99.62 L
35% of Fixed
5 Years (Renewable 4 years)
Zonal Head (Retail)
₹97.00
₹66.00 L
45% of Fixed
5 Years (Renewable 4 years)
Regional Head
₹66.40
₹45.00 L
45% of Fixed
5 Years (Renewable 4 years)
Relationship Manager-Team Lead
₹51.80
₹35.00 L
45% of Fixed
5 Years (Renewable 4 years)
Investment Specialist
₹44.50
₹30.00 L
45% of Fixed
5 Years (Renewable 4 years)
Investment Officer
₹27.10
₹18.00 L
45% of Fixed
5 Years (Renewable 4 years)
Project Development Manager
₹30.10
₹22.00 L
35% of Fixed
5 Years (Renewable 4 years)
Central Research Team (Support)
₹20.60
₹15.00 L
35% of Fixed
5 Years (Renewable 4 years)
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
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
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
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
Circle
RM-Team Lead
Investment Specialist
Investment Officer
Gandhinagar
1
0
1
Amaravati
1
1
2
Bengaluru
4
1
6
Bhubaneshwar
1
0
1
Bhopal
0
2
2
Chandigarh
1
0
1
Chennai
1
2
3
Guwahati
2
0
3
Hyderabad
1
1
2
Jaipur
1
1
0
Kolkata
0
2
4
Lucknow
0
2
2
Maharashtra
0
2
3
Mumbai Metro
1
3
3
New Delhi
2
2
2
Patna
0
1
3
Thiruvananthapuram
3
2
8
Total
19
22
46
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
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
Event
Date
Notification Release
October 27, 2025
Application Start Date
October 27, 2025
Application Last Date
November 17, 2025 (11:59 PM)
Fee Payment Last Date
November 17, 2025 (11:59 PM)
Shortlisting Process
December 2025 (expected)
Interview Dates
To be notified via email
Final Result
January 2026 (tentative)
Joining
February 2026 onwards (tentative)
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