🔔 Key Highlights
- Organization: Union Bank of India (A Leading Public Sector Bank)
- Post: Wealth Manager – Specialist Officer (Middle Management Grade Scale II)
- Total Vacancies: 250
- Starting Monthly Pay: ₹64,820 (up to ₹93,960)
- Annual CTC (approx., for Mumbai): ₹21 Lakhs
- Official Notification :- Click PDF
📅 Important Dates
- Start Date: 5th August 2025
- Last Date to Apply: 25th August 2025 (till 11:59 PM)
- Notification Released: 4th August 2025
📌 Vacancy Breakup & Reservation
| Category | Vacancies |
|---|---|
| SC | 37 |
| ST | 18 |
| OBC | 67 |
| EWS | 25 |
| UR | 103 |
| PwBD | 3 (HI), 3 (VI), 2 (OC), 2 (ID) |
Reservation is applicable as per Govt./Bank norms.
✅ Eligibility Criteria
🧑 Nationality
Eligible candidates must be:
- Indian citizens
- Or subjects of Nepal/Bhutan
- Or Tibetan refugees settled in India before January 1, 1962
- Or Persons of Indian Origin from select countries (with valid documents)
🎂 Age Limit (as on 1st August 2025)
- Minimum: 25 years
- Maximum: 35 years
- Age Relaxation:
- SC/ST: 5 years
- OBC: 3 years
- PwBD: 10 years
- Ex-Servicemen, others as per rules
🎓 Educational Qualification (as on 25th August 2025)
- Full-time MBA / MMS / PGDM / PGDBA / PGPM (2-year programs) from recognized institutes
- Desirable: Certifications like NISM, IRDAI, AMFI, NCFM, CFP, etc.
🛠️ Work Experience
- Minimum 3 years of post-qualification experience in Wealth Management in banks, NBFCs, broking firms, or AMCs
- Must have worked at Officer or Manager level
🗂️ Job Role & Responsibilities
- Act as dedicated Relationship Manager for HNI & affluent clients
- Grow client base and manage end-to-end wealth portfolio
- Offer investment, insurance, and financial products tailored to client needs
- Achieve targets related to Total Relationship Value (TRV) and Assets Under Management (AUM)
- Maintain documentation, handle portfolio reviews, and ensure compliance
- Conduct financial awareness events/seminars
💰 Salary, Benefits & Bond Terms
- Scale: MMGS‑II
- Pay Scale: ₹64,820 – 93,960 (with increments)
- Annual CTC: Approx. ₹21 Lakhs in metro cities (includes allowances & perks)
- Probation Period: 2 years
- Service Bond: ₹2,50,000 + GST (3 years mandatory service)
📝 Selection Process
Stage 1: Online Written Test (Total: 150 Questions – 225 Marks – 150 Minutes)
| Section | Qs | Marks |
|---|---|---|
| Quantitative Aptitude | 25 | 25 |
| Reasoning | 25 | 25 |
| English Language | 25 | 25 |
| Professional Knowledge | 75 | 150 |
- Negative Marking: 0.25 per wrong answer
Stage 2: Group Discussion (GD)
- Total Marks: 50
- Qualifying Marks: 25
Stage 3: Personal Interview (PI)
- Total Marks: 50
- Qualifying Marks: 25
Final selection will be based on performance in Online Test, GD, and Interview.
🛠️ How to Apply?
- Visit the official Union Bank website: www.unionbankofindia.co.in
- Go to “Recruitments” > “Current Recruitment” > “Wealth Manager (SO)”
- Register yourself and fill out the online application form
- Upload required documents, pay the application fee
- Submit and download/print the application for future reference
📄 Documents Required at Interview
- Printed copy of Application Form
- Interview Call Letter
- Valid Photo ID (PAN, Aadhaar, Passport, etc.)
- DOB proof (Birth certificate or 10th marksheet)
- Educational Qualification certificates
- Category / PwBD / EWS certificates (if applicable)
- Work Experience proof
- NOC (if working in Govt./PSU)
✅ Summary
- Position: Wealth Manager (Specialist Officer – MMGS-II)
- Total Vacancies: 250
- Work Location: Pan India
- Last Date to Apply: 25 August 2025
- Ideal for: Experienced professionals in financial services or wealth management
- Salary: Highly competitive with benefits
- Selection: Online Test + GD + Interview
