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The SBI SO Recruitment 2024 Notification has been released by the State Bank of India (SBI) to announce 1040 vacancies for the post of Specialist Officers in various departments. The SO vacancies include Relationship Manager, VP Wealth, Investment Officer, Project Development Manager, Regional Head, etc. Banking exam aspirants can check their eligibility here and submit the SBI SO 2024 Application form on the official website of SBI at www.sbi.co.in from today i.e., 19th July 2024 onwards. We have shared the SBI SO Apply Link, Notification PDF, Important Dates, Eligibility, and other details below.
SBI SO Notification 2024 Out
The detailed SBI SO Notification 2024 PDF which has been released by the State Bank of India consists of important details such as post-wise and category-wise vacancies, application procedure, selection process, important dates, and so on. Before applying for the SBI SO Recruitment 2024, candidates need to go through the SBI SO 2024 Notification PDF to understand the recruitment process. We have provided below the direct link to download the SBI SO Notification 2024 PDF for your reference.
SBI SO Recruitment 2024
The SBI SO Recruitment 2024 (advt. No. CRPD/SCO/2024-25/09) process consist of online application process and selection will be done on the basis of Shortlisting and Interviews. To get a glance at SBI SO 2024 we have tabulated below the essential details.
| SBI SO Recruitment 2024 | |
| Organization | State Bank of India |
| Posts | Specialist Officers |
| Vacancies | 1040 |
| Category | Bank Jobs |
| Advt. No. | CRPD/SCO/2024-25/09 |
| Application Mode | Online |
| Application Dates | 19th July to 8th August 2024 |
| Salary | As per post |
| Selection Process |
|
| Official Site | sbi.co.in |
SBI SO Recruitment 2024: Important Dates
All the Important dates related to the SBI SO 2024 Exam have been released along with the SBI SO Notification 2024. The online application process will be active from 19th July to 8th August 2024. We have tabulated below the SBI SO Important Dates.
| Events | Dates |
| SBI SO 2024 Notification | 18th July 2024 |
| Commencement of Online Registration of Application | 19th July 2024 |
| Closure of registration of application and payment of application fee | 8th August 2024 |
| Interview | To be announced |
SBI SO Vacancy 2024
The table given below mentions the post-wise and category-wise vacancies that have been released by the State Bank of India (SBI). A total of 1040 vacancies have been announced which includes a maximum vacancy of 600 for the post of VP Wealth. You can check the rest of the post-wise vacancies below.
| Posts | GEN | SC | OBC | EWS | ST | Total |
| Central Research Team (Product Lead) | 2 | — | — | — | — | 2 |
| Central Research Team (Support) | 2 | — | — | — | — | 2 |
| Project Development Manager (Technology) | 1 | — | — | — | — | 1 |
| Project Development Manager (Business) | 2 | — | — | — | — | 2 |
| Regional Head | 2 | — | — | — | — | 2 |
| VP Wealth | 241 | 99 | 155 | 60 | 45 | 600 |
| Relationship Manager | 62 | 24 | 38 | 15 | 11 | 150 |
| Investment Specialist | 14 | 4 | 7 | 3 | 2 | 30 |
| Investment Officer | 12 | 3 | 5 | 2 | 1 | 23 |
| Relationship Manager – Team Lead | 10 | 3 | 5 | 2 | 1 | 21 |
| Total | 348 | 133 | 210 | 82 | 60 | 833 |
SBI SO Vacancy 2024 (Backlog)
SBI has also notified some backlog vacancies for the post of VP Wealth, Relationship Manager, Investment Officer, Regional Head, etc. for reserved categories. Check the details in the table below.
| Posts | SC | ST | OBC | Total |
| VP Wealth | 16 | 9 | 18 | 43 |
| Relationship Manager | 47 | 52 | 24 | 123 |
| Investment Officer | 9 | 3 | 14 | 26 |
| Relationship Manager – Team Lead | 5 | 5 | 1 | 11 |
| Regional Head | 1 | – | 3 | 4 |
| Total | 78 | 69 | 60 | 207 |
SBI SO Recruitment 2024 Apply Online
Candidates can apply for the SBI SO Recruitment 2024 starting from 19th July (Today) onwards on the official website of SBI @www.sbi.co.in. After confirming your eligibility, you can register and submit your application form by last date which is 8th August 2024. Click on the direct link below to apply for SBI Specialist Officer vacancy 2024.
Steps to Apply for SBI Specialist Officer Recruitment 2024
Follow the steps given below to apply for the SBI SO 2024 Examination:
- Visit the official website of SBI at www.sbi.co.in.
- Now, click on ‘Careers’ and then click on “Current opening”.
- After that a series of latest notifications will appear on your screen. You need to click on ” ENGAGEMENT OF SPECIALIST CADRE OFFICERS ON CONTRACT BASIS FOR SBI WEALTH MANAGEMENT (Apply Online from 19.07.2024 to 08.08.2024 ) ADVERTISEMENT NO : CRPD/SCO/2024-25/09″.
- After clicking, you will get two options: “Login If Already Registered” and “Click for Registration”.
- You can choose the option accordingly. After SBI SO Registration, go to the Login Page. Enter the credentials. Click on Login.
- Enter all the essential details such as Name, Date of Birth, Address for Communication, Educational Qualifications, and work experience in the online application form.
- Upload your photograph and signature and Upload the required documents (academic and professional).
- Finally, make Payment to complete the online application form (Debit Card, Credit Card, UPI, Net Banking) for SBI SO 2024.
- Click the Submit button to complete the SBI SO Online form.
Pre-Requisites of SBI SO Online Application
Before Applying for SBI SO 2024, a candidate must have the following things ready to avoid any last-time glitches in the online application process:
- Candidates must have a Photograph and Signature Ready before applying for the SBI SO Online Application
- Candidates must NOT sign in CAPITAL LETTERS as it won’t be accepted.
- Keep all necessary documents ready when Online Payment of the Application Fee is online.
- A valid Email ID must be provided at the time of Registration.
SBI SO Recruitment 2024 Application Fee
The SBI SO Application fee 2024 can be paid through Debit/Credit Card, Internet Banking, UPI BHIM, or any other payment gateway provided by the bank.
| SBI SO Application Fee | |
| Category | Application Fee |
| General/OBC/EWS | Rs. 750/- |
| SC/PWD/ST | 0 |
SBI SO Eligibility Criteria 2024
Only candidates who are eligible for the above-mentioned posts can apply for the SBI SO Recruitment 2024. The SBI SO Eligibility Criteria includes the age limit and educational qualification criteria. You can check the post-wise age limit and educational qualification shared below.
SBI SO Qualification (Post-wise) (As on 1/4/2024)
The qualification for all the posts is different, candidates can check the post-wise qualification and post-qualification details given below.
| Post Name | Qualification | Experience |
| Central Research Team (Product Lead) | Mandatory: MBA/PGDM/PGDBM from a recognized University or Institution or CA/CFA Preferred Qualification: Preferred: NISM Investment Advisor/Research Analyst Certificate/CFP/NISM 21A or 21B |
Mandatory: Post Qualification Experience of Minimum 5 years in Equity Research/Products experience in Wealth Management/AMC (Mutual Fund)/Banks. |
| Central Research Team (Support) | Mandatory: Graduate/Post-Graduate in Commerce/Finance/Economics/Management/Mathematics/Statistics from Government recognized University or Institution. | Mandatory: Post Qualification Experience of Minimum 3 years in financial services providing support to Research / Publications department. |
| Project Development Manager (Technology) | MBA/MMS/PGDM/ME/M.Tech./BE/B.Tech./PGDBM from Government recognized University or Institution. | Minimum 4 years’ post qualification experience in banking Technology preferably in a business function |
| Project Development Manager (Business) | Mandatory: MBA/PGDM/PGDBM from Government recognized University or Institution | Mandatory: Post Qualification Experience of Minimum 5 years in Bank/wealth Management firms/broking firms. Preferred: Experience in Supervisory function in Business Process Management in Wealth Management area |
| Relationship Manager | Graduate from Government recognized University or Institution | Post-qualification experience of minimum 3 years as a Relationship Manager in Wealth Management with leading Public/Private/Foreign Banks/Broking/ Security firms. The candidate should have 3 years of experience in building and managing relationship with High-Net-worth Clients (having a minimum Total Relationship Value (TRV) of Rs 20.00 Lakh). |
| VP Wealth | Mandatory: Graduate from Government recognized University or Institution. Preferred: MBA (Banking/Finance/Marketing) with 60% from recognized University or Institution |
Mandatory: Post Qualification Experience of minimum 6 years as a Relationship Manager in Wealth Management with leading Public/Private/Foreign banks/Broking/ Security firms. The candidate should have adequate experience in building and managing relationship with Ultra High Net Worth Clients (having a minimum Total Relationship Value (TRV) of Rs 100.00 Lakh). |
| Relationship Manager – Team Lead | Mandatory: Graduate from Government recognized University or Institution. | Mandatory: Post qualification experience of minimum 8 years in relationship management in wealth management with leading Public/Private/Foreign banks/Broking/ Security firms. Preferred: Experience as a Team Lead is preferred |
| Regional Head | Graduate from Government recognized University or Institution. | Mandatory: i. Post Qualification Experience of Minimum 12 years of experience in relationship management in wealth management with leading Public/Private/Foreign Banks/Broking/Security firms. ii. Post Qualification minimum 5 years of experience in leading a large team of Relationship Managers or a Team Lead in Wealth Management is mandatory |
| Investment Specialist | Mandatory: i. MBA/PGDM/PGDBM from recognized College/University or CA/CFA ii. Certification by NISM 21A (Valid) Preferred: CA/CFP/NISM Investment Advisor / Research Analyst Certificate |
Mandatory: Minimum 6 years of post-qualification experience as an investment advisor/counsellor/officer/part of product team in Wealth Management organization |
| Investment Officer | Mandatory: i. MBA/PGDM/PGDBM from recognized College/University or CA/CFA ii. Certification by NISM 21A Preferred: CA/CFP/NISM Investment Advisor / Research Analyst Certificate |
Mandatory: Minimum 4 years of post-qualification experience as an investment advisor/counsellor/officer/part of product team in Wealth Management organization |
SBI SO Age Limit 2024
The minimum age limit starts from 23 to 30 years and the maximum age limit ranges from 35 to 50 years. The age slab is different for all posts and it is based on their qualification and experience. Check the post-wise age limit shared below.
| Post Name | Age Limit |
| Central Research Team (Product Lead) | 30 to 45 years |
| Central Research Team (Support) | 25 to 35 years |
| Project Development Manager (Technology) | 25 to 40 years |
| Project Development Manager (Business) | 30 to 40 years |
| Regional Head | 35 to 50 years |
| VP Wealth | 26 to 42 years |
| Relationship Manager | 23 to 35 years |
| Investment Specialist | 28 to 42 years |
| Investment Officer | 28 to 40 years |
| Relationship Manager – Team Lead | 28 to 42 years |
SBI SO Recruitment 2024 Selection Process
The SBI SO Selection Process consists of the following stages:
- Shortlisting: A committee will set the shortlisting criteria, and a sufficient number of candidates will be selected for interviews as decided by the Bank. The Bank’s decision is final, and no correspondence will be entertained. Shortlisted candidates will be notified for the interview.
- Interview-cum-CTC Negotiation: The interview is worth 100 marks, with qualifying marks determined by the Bank. CTC Negotiation will occur individually during the interview. The Bank’s decision on these matters is final, and no correspondence will be entertained.
- Merit List: The merit list for selection will be based solely on interview scores, arranged in descending order. If multiple candidates have the same cut-off score, they will be ranked by age in descending order on the merit list.
SBI SO 2024 Salary (Post-wise)
The CTC for the SBI SO is negotiable and it is dependent upon the experience & current emoluments of candidates in the present employment & place of posting. Check the post-wise annuacl CTC in Lakhs given below.
| Sl. No. | Name of Post | CTC Upper Range (Rs in Lakhs) | Contract Period |
| 1 | Central Research Team (Product Lead) | 61 |
5 Years (The first year will be the Probation period)
|
| 2 | Central Research Team (Support) | 20.5 | |
| 3 | Project Development Manager (Technology) | 30 | |
| 4 | Project Development Manager (Business) | 30 | |
| 5 | Relationship Manager | 30 | |
| 6 | VP Wealth | 45 | |
| 7 | Relationship Manager – Team Lead | 52 | |
| 8 | Regional Head | 66.5 | |
| 9 | Investment Specialist | 44 | |
| 10 | Investment Officer | 26.5 |
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