SBI Recruitment 2024: The State Bank of India (SBI) is inviting interested and eligible candidates to apply for various positions, including Head (Product, Investment, and Research), Zonal Head, Regional Head, Relationship Manager – Team Lead, and Central Research Team (Product Lead). A total of 25 vacancies are available across these roles, as per the official notification of SBI Recruitment 2024. The age limit for applying is between 28 to 50 years, with variations depending on the role (please refer to the official notification for specific age details). The appointment for the positions at State Bank of India (SBI) will be on a contractual basis for a period of 5 years, with a possibility of renewal for an additional 4 years at the discretion of the bank, subject to fulfillment of certain conditions. The selection of candidates will be based on shortlisting, interviews, and CTC negotiation.
Post Name and Vacancies for State Bank of India Recruitment 2024:
The opportunity is opened for the post of Head (Product, Investment and Research), Zonal Head, Regional Head, Relationship Manager – Team Lead, and Central Research Team (Product Lead). There are 25 vacancies available for the State Bank of India Recruitment 2024.
| Post Name | No of Posts |
|---|---|
| Head (Product, Investment and Research) | 1 |
| Zonal Head | 4 |
| Regional Head | 10 |
| Relationship Manager – Team Lead | 9 |
| Central Research Team (Product Lead) | 1 |
SBI Recruitment Age Limit:
The candidates applying for the State Bank of India Recruitment 2024 should be between the age limit of 28 to 50 years, depending on the post.
| Post Name | Minimum Age Limit | Maximum Age Limit |
|---|---|---|
| Head (Product, Investment and Research) | 35 | 50 |
| Zonal Head | 35 | 50 |
| Regional Head | 35 | 50 |
| Relationship Manager – Team Lead | 28 | 42 |
| Central Research Team (Product Lead) | 30 | 45 |
SBI Recruitment Salary:
The compensation for the selected candidates will range between Rs. 51.80 Lakh per annum to Rs. 135.00 Lakh per annum, as per the official notification of the State Bank of India Recruitment 2024.
| Post Name | CTC Upper Range (Rs in Lakh) |
|---|---|
| Head (Product, Investment and Research) | 135.00 |
| Zonal Head | 88.00 |
| Regional Head | 66.00 |
| Relationship Manager – Team Lead | 51.00 |
| Central Research Team (Product Lead) | 61.00 |
Place of Posting for State Bank of India Recruitment 2024:
The place of posting for the State Bank of India Recruitment 2024 is as follows, according to the official notification:
| Post Name | Place of Posting |
|---|---|
| Head (Product, Investment and Research) | Mumbai |
| Zonal Head | Mumbai/Chennai/Kolkata/New Delhi |
| Regional Head | Pan India |
| Relationship Manager – Team Lead | Pan India |
| Central Research Team (Product Lead) | Mumbai |
Qualification and Experience Required for State Bank of India Recruitment 2024:
The candidates must fulfill the mentioned requirements of educational qualification and experience as per the posts, based on the official notification of the State Bank of India Recruitment 2024.
1. Head (Product, Investment and Research)-
- The candidates should have a Graduation/ Post-Graduation from a government-recognized University/ Institution or a reputed college.
SBI Recruitment Preferred Qualification
- The candidates should have knowledge and experience in Market Analytics and a passion for research in economic trends and products.
Post-Qualification Experience
- At least 12 years of relevant work experience in financial services, financial product development, investment advisory, and Private Banking.
- Minimum 8 years of experience in Wealth Management (the total 12 years of experience includes the 8 years in Wealth Management).
- Excellent knowledge of equity products, PMS (Portfolio Management Services), Alternate Investments, and Mutual Funds.
- Experience in Product Development and structuring for Private Wealth clients.
- Experience in managing Investment Counsellors/Advisors at a National level with leading Banks/Financial Institutions.
2. Zonal Head-
The candidates should have graduated from a government-recognized university or institution.
SBI Recruitment Post-Qualification Experience
- The candidates should have at least 15 years of experience in managing sales in Wealth Management, Retail Banking, Investments in the financial services industry, or with an Asset Management Company (AMC).
- Out of the 15 years of experience, a minimum of 5 years of experience should be in leading a large team of Relationship Managers and Team Leaders, preferably in the Wealth Management business.
3. Regional Head-
- The candidates should have graduated from a government-recognized university or institution.
Post-Qualification Experience
- The candidates should have at least 12+ years of experience in relationship management, preferably in wealth management, with leading Public/Private/Foreign Banks, Broking/Security firms, or Asset Management Companies (AMC).
- The candidates should have 5+ years of experience in leading a large team of Relationship Managers or as a Team Lead, preferably in Wealth Management.
4. Centre Research Team (Product Lead)-
- The candidates should have a Post-graduation in Economics/Commerce/Finance/Accountancy/Business Management/Statistics/Business Administration from a government-recognized university or institution, or should possess CA (Chartered Accountant) or CFA (Chartered Financial Analyst) qualifications.
Preferred Qualification
- The candidates should have an NISM Investment Advisor/Research Analyst Certificate, CFP (Certified Financial Planner), or NISM 21A or 21B certification.
Post-Qualification Experience
- The candidates should have at least 5 years of Equity Research/Product experience in Wealth Management, AMC (Mutual Fund), or Banks.
Preferred
- Minimum 8 years of experience in Equity/Fixed Income Research/MF Research Analytics.
- Excellent knowledge of local and global economic trends.
- Strong knowledge of local Primary/Secondary Equity Markets, Fixed Income, and PMS/AIF/MF/Structured Products schemes in India.
- Experience in creating views and research-based publications on capital market/sector trends.
- Proficiency in using Excel, Modeling techniques, Bloomberg, Reuters, Morning Star, and CRISIL databases.
- Flair for equity, with an understanding of all exchange-traded products, including bonds, INVIT, MLDs, REITs, and Section 54 EC Bonds.
Selection Procedure for State Bank of India Recruitment 2024:
The selection of eligible and willing candidates for the State Bank of India Recruitment 2024 will be based on shortlisting, interviews, and CTC negotiations conducted by the committee, as per the official notification.
SBI Recruitment Application Fee:
The candidates applying for the State Bank of India Recruitment 2024 need to pay an application fee as listed below according to the categories:
- Application fees and intimation charges(Non-refundable) are Rs.750 for General/EWS/OBC candidates and no fees/intimation charges for SC/ST/PwBD candidates
- The fee payment for State Bank of India Recruitment 2024 must be made online through the available payment gateway. Candidates can pay the fee using Debit Card, Credit Card, or Internet Banking by providing the required details. Any transaction charges associated with the online payment will be borne by the candidates.
- Once the application fee is paid for State Bank of India Recruitment 2024, it will NOT be refunded under any circumstances, nor can it be adjusted for any other examination or future selection process.
How to apply for State Bank of India Recruitment 2024:
As stated in the official notification of the State Bank of India Recruitment 2024, interested and eligible candidates should apply online by filling out the application form available on the official State Bank of India website. The application form must be submitted along with all the necessary documents as requested by the committee. Applications submitted after the deadline, or incomplete applications, or those without the required attachments, will not be considered valid. The last date to submit the application is 17.12.2024.
FAQs for State Bank of India Recruitment 2024:
The listed below are some Frequently Asked Questions regarding the State Bank of India Recruitment 2024
1. How many vacancies are there for the State Bank of India Recruitment 2024?
- There are 25 vacancies available for the State Bank of India Recruitment 2024
2. How to apply for State Bank of India Recruitment 2024?
- The candidates can apply online for the State Bank of India Recruitment 2024
3. What is the last date to apply for the State Bank of India Recruitment 2024?
- The last date to apply for the State Bank of India Recruitment 2024 is 17th December 2024