SBI SCO Recruitment 2026: Apply Online for 996 Wealth Management Posts
The State Bank of India (SBI) has released a massive notification for the engagement of Specialist Cadre Officers (SCO) on a contract basis. This is one of the most anticipated recruitment drives for professionals in the banking and finance sector who are looking for high-paying jobs without a traditional written examination. The SBI SCO Recruitment 2026 focuses on Wealth Management roles, offering an excellent opportunity to work with the nation’s largest lender.
If you have experience in sales, marketing, or wealth management, this vacancy offers a lucrative salary package reaching up to Rs 44 Lakhs per annum. In this detailed guide, we cover the eligibility criteria, salary breakdown, vacancy details, and the direct link to apply online.
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SBI SCO Recruitment 2026: Overview
Before diving into the application process, here is a quick summary of the SBI Wealth Management recruitment drive.
| Feature | Details |
|---|---|
| Organization | State Bank of India (SBI) |
| Post Name | Specialist Cadre Officer (SCO) – Wealth Management |
| Total Vacancies | 996 Posts |
| Job Type | Contractual (5 Years, Renewable) |
| Selection Process | Shortlisting & Interview (No Written Exam) |
| Application Mode | Online |
| Official Website | sbi.co.in/web/careers |
SBI SCO 2026 Vacancy Breakdown
The recruitment drive is specifically for the Wealth Management Business Unit. The 996 vacancies are distributed among three key roles. Candidates can apply for the post that best suits their experience level.
| Post Name | Role Type | Total Vacancies |
|---|---|---|
| VP Wealth (Senior Relationship Manager) | Team Leader / High Value Clients | 506 |
| AVP Wealth (Relationship Manager) | Client Management | 206 |
| Customer Relationship Executive (CRE) | Support & Operations | 284 |
| Total | – | 996 |
Note on Location
These vacancies are available across various circles in India, including Bengaluru, Mumbai, Delhi, Chennai, Hyderabad, and Kolkata. Candidates must specify their preferred circle during the online application process.
Eligibility Criteria (As of 01.05.2025)
To successfully submit your SBI SCO online form, you must meet the specific age and educational requirements. Please read this section carefully to avoid rejection.
1. Educational Qualification
- Mandatory: Graduation (Bachelor’s Degree) from a recognized University or Institution.
- Preferred for VP/AVP: MBA in Marketing/Finance or equivalent. Professional certifications like NISM (V-A, XXI-A), CFP, or CFA are highly desirable and carry weightage during shortlisting.
- Preferred for CRE: Good communication skills and experience in documentation. A valid two-wheeler driving license is mandatory for the CRE post.
2. Age Limit & Work Experience
| Post | Age Limit | Required Experience |
|---|---|---|
| VP Wealth (SRM) | 26 – 42 Years | Min. 6 Years in Sales/Relationship Management in Wealth Management/Banks. |
| AVP Wealth (RM) | 23 – 35 Years | Min. 3 Years in Sales/Relationship Management in Wealth Management/Banks. |
| Customer Relationship Executive | 20 – 35 Years | Experience in documentation/sales preferred (Freshers may apply if they have skills). |
SBI SCO Salary Structure 2026
The remuneration package is one of the biggest attractions of this recruitment. Since these are contractual posts, the salary is offered as a Cost to Company (CTC) package, which includes a fixed component and a variable performance-linked component.
| Post | Max Annual CTC (Approx) | Remarks |
|---|---|---|
| VP Wealth (SRM) | Rs 44.70 Lakhs | Fixed Pay + Variable Pay |
| AVP Wealth (RM) | Rs 30.20 Lakhs | Fixed Pay + Variable Pay |
| Customer Relationship Executive | Rs 6.20 Lakhs | Fixed Pay + Variable Pay |
Note: The CTC is negotiable based on the candidate’s current salary, suitability, and market standards.
Selection Process
Unlike the Probationary Officer (PO) or Clerk exams, the SBI SCO Wealth Management recruitment does not have a preliminary or mains written examination. The selection relies heavily on your profile and interview performance.
- Shortlisting: A screening committee will review applications. Based on educational qualifications and relevant work experience, candidates will be shortlisted. Mere fulfillment of eligibility does not guarantee an interview call.
- Interview: The interview carries 100 marks. Candidates must score minimum qualifying marks to pass. The final merit list is prepared solely based on interview scores.
- Document Verification: Successful candidates must present original documents regarding age, education, and experience.
Important Links
Use the direct links below to access the official notification and the application portal. Ensure you apply before the deadline to avoid technical issues.
Frequently Asked Questions
1. Is there a written exam for SBI SCO 2026?
No, the selection is based on shortlisting and personal interviews only.
2. What is the contract duration?
The initial contract is for 5 years, which is renewable for another 4 years based on performance.
3. Can freshers apply?
For VP and AVP roles, experience is mandatory. For the CRE role, experience is preferred but not strictly defined as “mandatory” in some circles, though valid driving license is a must.
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