The State Bank of India (SBI), India’s largest public sector bank, regularly conducts recruitment drives for experienced professionals under the Specialist Cadre Officer (SCO) category. These recruitments are conducted on a contract basis and are meant for candidates who possess strong domain knowledge, industry experience, and leadership skills.
Unlike traditional banking exams such as SBI PO or Clerk, SCO recruitment is a lateral entry process. It allows professionals from banking, finance, IT, cybersecurity, wealth management, risk, and investment sectors to join SBI at mid-level or senior positions.
In this detailed article, we will cover SBI SCO recruitment on contract basis including vacancy details, post names, eligibility criteria, selection process, salary, job profile, application process, and important instructions. This article is written in a simple and informative way, making it useful for aspirants as well as content creators.
Table of Contents
What Is SBI Specialist Cadre Officer (SCO) Recruitment?
SBI Specialist Cadre Officer recruitment is designed to hire subject matter experts for specific departments where specialized skills are required. These positions are not part of the regular officer cadre and are purely contractual in nature.
Candidates selected under this recruitment are appointed for a fixed contract period, usually ranging from 3 to 5 years, which may be extended based on performance and bank requirements.
SBI hires SCOs for areas such as:
- Wealth Management
- Relationship Management
- Investment Advisory
- Cybersecurity
- Information Technology
- Risk & Compliance
- Product Development
- Research & Strategy
This recruitment is ideal for professionals who want to work in a prestigious banking institution while utilizing their technical or managerial expertise.
SBI SCO Vacancy Details (Latest Recruitment Cycle)
Under recent recruitment drives, SBI has released a large number of vacancies for Specialist Cadre Officers on contract basis, especially in the Wealth Management and Relationship Management segment.
Major Vacancy Breakdown
| Post Name | Approximate Vacancies |
|---|---|
| Vice President (Wealth) | 580+ |
| Assistant Vice President (Relationship Manager) | 230+ |
| Customer Relationship Executive | 320+ |
| Total Vacancies | 1100+ |
Note: The number of vacancies may vary depending on business requirements and category-wise reservation. Candidates are advised to check the official notification before applying.
These vacancies are among the largest SCO recruitments conducted by SBI, making it a golden opportunity for experienced candidates.
Post-Wise Job Profile & Responsibilities
1. Vice President (Wealth Management)
This is a senior-level role focused on managing high-net-worth clients.
Key Responsibilities:
- Handling premium and HNI clients
- Offering investment and wealth solutions
- Managing portfolios and financial planning
- Driving business growth and revenue targets
- Leading relationship management teams
This role requires strong leadership qualities and extensive experience in wealth management or banking.
2. Assistant Vice President (Relationship Manager)
This is a mid-level managerial role that acts as a bridge between clients and the organization.
Key Responsibilities:
- Managing client relationships
- Selling financial and investment products
- Understanding customer needs and risk profile
- Ensuring client satisfaction and retention
- Supporting senior wealth managers
3. Customer Relationship Executive
This is an operational role supporting relationship managers and wealth teams.
Key Responsibilities:
- Client coordination and documentation
- Account servicing and follow-ups
- Supporting sales and advisory teams
- Ensuring smooth customer experience
This role is suitable for candidates with moderate experience in banking or financial services.
Eligibility Criteria for SBI SCO Recruitment
Eligibility criteria vary depending on the post, but the general requirements are explained below.
Educational Qualification
- Graduation in any discipline is mandatory
- Post-graduation such as MBA, PGDM, CA, CFA, or equivalent is preferred for senior roles
- Technical roles may require BE/B.Tech/MCA/M.Tech degrees
- Professional certifications may be an added advantage
Work Experience
- Minimum 5 to 8 years for junior and mid-level posts
- 10 to 20+ years for senior and leadership positions
- Relevant domain experience is compulsory
Freshers are not eligible for Specialist Cadre Officer recruitment.
Age Limit
- Generally up to 45–50 years
- Age limit varies according to the post
- Age relaxation may apply as per SBI norms
Application Fee
- General / OBC / EWS: ₹750
- SC / ST / PwBD: No fee
Selection Process for SBI SCO on Contract Basis
The selection process is simple and focused on experience and expertise.
1. Shortlisting
Applications are shortlisted based on:
- Qualification
- Experience
- Skill relevance
- Profile suitability
There is no written exam for most SCO posts.
2. Interview
Shortlisted candidates are called for an interview:
- Interview may be online or offline
- Questions focus on domain knowledge, leadership, and real-world scenarios
- Interview carries significant weightage
3. CTC Negotiation
For senior roles, shortlisted candidates may be invited for salary negotiation. Final selection depends on:
- Interview score
- Experience
- Salary alignment with SBI norms
Salary & Pay Package
Salary is one of the biggest attractions of SBI SCO recruitment.
Expected Salary Range
- Mid-level posts: Competitive industry-based package
- Senior roles: ₹40 lakh to ₹1 crore per annum (CTC), depending on role and experience
Salary is negotiable and not fixed like regular SBI officers.
Additional benefits may include:
- Performance incentives
- Medical benefits
- Leave benefits
- Other contractual perks
Job Location
Selected candidates can be posted anywhere in India, mainly in:
- Mumbai / Navi Mumbai
- Delhi NCR
- Bengaluru
- Hyderabad
- Chennai
- Kolkata
- Pune
- Other major cities
Posting depends on the role and business requirements.
Contract Period & Extension
- Initial contract: Usually 3 years
- Extendable up to 5 years or more
- Extension depends on performance and SBI policy
These roles are not permanent, but long-term continuation is possible.
How to Apply for SBI SCO Recruitment
- Visit SBI Careers section
- Click on “Current Openings”
- Select “Specialist Cadre Officer on Contract Basis”
- Register and fill the online application form
- Upload required documents
- Pay application fee
- Submit and save application copy
Why You Should Apply for SBI SCO Recruitment
✔ Opportunity to work with India’s largest bank
✔ High salary packages
✔ Leadership and strategic roles
✔ No written exam
✔ Ideal for experienced professionals
✔ Exposure to premium clients and large projects