SBI SO Recruitment 2024 [1040 Post] Notification, Apply, Eligibility, Exam Date, All Updates
SBI SO Recruitment 2024: The State Bank of India (SBI) has released the notification for the recruitment of 1040 Specialist Cadre Officers (SO) for the various branches of SBI across the country. The SBI SO Notification has been released on 18 July 2024 and the online applications are invited from 19 July to 8 August 2024.
The eligible candidates can apply online for the SBI SO Vacancy 2024 from the website sbi.co.in current openings page. The last date to apply for the SBI SO Vacancy is 8 August 2024.
SBI SO Recruitment 2024 Overview
| Recruitment Organization | State Bank of India (SBI) |
| Advt. No. | CRPD/ SCO/ 2024-25/ 09 |
| Post Name | Specialist Officer (SO) |
| Total Vacancies | 1044 |
| Apply Last Date | 8 August 2024 |
| Category | SBI SO Recruitment 2024 Apply Online |
| Official Website | https://defencejobalert.com/ |
SBI SO Notification 2024 Out
SBI SO Notification 2024 PDF (against the advt. No. CRPD/SCO/2024-25/09) have been released by the State Bank of India for Specialist Cadre vacancies in various departments on 18th July 2024. The candidates willing to apply for the SBI SO 2024 Exam can read the SBI SO official notification by clicking on the links mentioned below:
SBI SO 2024 Application Fee
| Category | Fee |
| General, EWS, OBC | Rs 750/- |
| SC/ ST/ PWD | 0 |
Steps to Apply Online for SBI SO 2024 Exam
- Click on the NEW REGISTRATION button provided on the top most right corner of the home page of the link provided above.
- Start your application process fro SBI SO 2024 by providing the basic details such as name, contact number, email id, address etc. and click on save and next button.
- Upload your photograph and signature in the required format as provided by State Bank of India. The permissible size of the photograph must be 4.5 cm * 3.5 cm and the photograph must be of passport size. Both the photograph and the signature must be clear and legible. Permissible file size of photograph must be of minimum 20 KB and of maximum 50 KB and that of the signature must be of minimum 10 KB and of maximum 20 KB.
- Fill in your academic details and professional qualification in this step of your online application process. Click on save and next button after filling in the details.
- Preview your application form one last time as you won’t be allowed to make any changes further. Click on save and next button after previewing your Application Form.
- Pay your Application Fee through Online Payment Option, i.e. through Credit Card/Debit Card/Net Banking.
- Click on Final Submit Button. Your application form will be submitted successfully. You will be sent an email as well as a text message with your registration ID and password by SBI for further login into the official website.
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 SBI SO 2024 Online Application
- Candidates must NOT sign in CAPITAL LETTERS as it won’t be accepted.
- Keep all necessary documents ready at the time of Online Payment of the Application Fee
- Valid Email ID must be provided at the time of Registration
SBI SO 2024 Eligibility
The eligibility criteria for Circle Defence Banking Advisor (CDBA), Assistant Manager (Security Analyst), Deputy Manager (Security Analyst), Manager (Security Analyst), Assistant General Manager, and Manager (Credit Analyst) posts that are filled through SBI SO 2024 exam has been detailed below. A candidate must fulfil the eligibility criteria for different positions for which they have applied to qualify for further processes.
SBI SO 2024 Educational Qualification (as on 01/04/2024)
The minimum educational qualification for SBI SO 2024 (Specialist Officers) differs for each post and the candidates are advised to check the below table.
| SBI SO 2024 Educational Qualification | |
| Posts | Education Qualification |
| VP Wealth | Graduate from Government recognized University or Institution. Preferred: MBA (Banking/Finance/Marketing) with 60% from recognized University or Institution. |
| Relationship Manager | Graduate from Government recognized University or Institution |
| Investment Specialist | 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 |
| Investment Officer | 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 |
| Relationship Manager – Team Lead | Graduate from Government recognized University or Institution |
| Central Research Team (Product Lead) | MBA/PGDM/PGDBM from Government recognized University or Institution or CA/CFA |
| Central Research Team (Support) | Graduate/Post-Graduate in Commerce/Finance/Economics/Management/Mathematics/Statistics from Government recognized University or Institution. |
| Project Development Manager (Technology) | MBA/MMS/PGDM/ME/M.Tech./BE/B.Tech./PGDBM from Government recognized University or Institution. |
| Project Development Manager (Business) | MBA/PGDM/PGDBM from Government recognized University or Institution |
| Regional Head | Graduate from Government recognized University or Institution. |
SBI SO 2024 Age Limit (as on 01/04/2024)
The candidate applying for SBI SCO posts should hold the required age limit to apply for SBI SO 2024. The post-wise minimum and maximum age has been tabulated below.
| SBI SO 2024 Educational Qualification | |
| Posts | Age Limit |
| 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 |
| 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 |
SBI SO 2024 Post Basic Qualification Experience
The candidates can check the post-basic qualification experience from the below table.
| SBI SO 2024 Post Basic Qualification Experience | |
| Posts | Experience |
| VP Wealth | 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 | 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). |
| Investment Specialist | Minimum 6 years of post-qualification experience as an investment advisor/counsellor/officer/part of product team in Wealth Management organization |
| Investment Officer | Minimum 4 years of post-qualification experience as an investment advisor/counsellor/officer/part of product team in Wealth Management organization |
| Relationship Manager – Team Lead | 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. |
| Central Research Team (Product Lead) | Post Qualification Experience of Minimum 5 years in Equity Research/Products experience in Wealth Management/AMC (Mutual Fund)/Banks |
| Central Research Team (Support) | Post Qualification Experience of Minimum 3 years in financial services providing support to Research / Publications department |
| Project Development Manager (Technology) | Minimum 4 years’ post qualification experience in banking Technology preferably in a business function. |
| Project Development Manager (Business) | 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 |
| Regional Head | 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. |
SBI SO 2024 Selection Process
The final selection will be based the selection will be on the basis of shortlisting and Interviews. Based on the minimum qualification and experience, an adequate number of candidates, as decided by the bank, will be shortlisted for the interview exam. The interview exam will carry 100 marks. The final Merit list for selection will be prepared the based on scores of candidates obtained in interviews only.
SBI SO Salary 2024
The candidates appointed as SO post will be paid a monthly salary as mentioned in the notification PDF. The salary structure varies as per the job profile and responsibility of Specialist Cadre Officer Posts.
| SBI SO 2024 Salary Structure | |
| Posts | Pay Scale |
| VP Wealth | 45 lakh per annum |
| Relationship Manager | 30 lakh per annum |
| Investment Specialist | 44 lakh per annum |
| Investment Officer | 26.50 lakh per annum |
| Relationship Manager – Team Lead | 52 lakh per annum |
| Central Research Team (Product Lead) | 61 lakh per annum |
| Central Research Team (Support) | 20.50 lakh per annum |
| Project Development Manager (Technology) | 30 lakh per annum |
| Project Development Manager (Business) | 30 lakh per annum |
| Regional Head | 66.5 lakh per annum |
