Recruitment of Wealth Managers (Specialist Officers) at Union Bank of India

Author : Jnanaloka Published : August 05, 2025

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Union Bank of India, a prominent Public Sector Bank with a presence across India and overseas, is inviting online applications for the recruitment of Wealth Managers (Specialist Officers). This is a great opportunity for experienced professionals in wealth management.

Recruitment of Wealth Managers (Specialist Officers) at Union Bank of India

Key Highlights:

• Online Application & Fee Payment Dates: The application window is from August 5, 2025, to August 25, 2025.
• Position: Wealth Manager in the MMGS-II scale/grade.
• Number of Vacancies: There are a total of 250 vacancies available for the post of Wealth Manager.
• CTC: The approximate Cost to Company (CTC) at the Mumbai center for the MMGS II cadre is Rs. 21.00 Lakhs, though this may vary based on location. In addition to the basic pay, other allowances and amenities are also included.

Eligibility Criteria:

• Educational Qualification: Candidates must have a full-time, 2-year degree/course in MBA/MMS/PGDBA/PGDBM/PGPM/PGDM from a recognized university or institution.
• Work Experience: A minimum of 3 years of post-qualification experience is required in an officer or managerial role in Wealth Management. This experience can be with Public Banks, Private Banks, Foreign Banks, Broking Firms, Securities Firms, or Asset Management Companies. 
• Age: The age of the applicant should be between 25 and 35 years as of August 1, 2025. 
• Selection Process: The selection process may include an Online Examination, Group Discussion, and/or Personal Interview. The bank reserves the right to decide which of these modes to use.
• Online Examination: The online written examination will consist of two parts: Part I with tests on Quantitative Aptitude, Reasoning, and English Language, and Part II on Professional knowledge relevant to the post. The total marks for the exam are 225, with a duration of 150 minutes. There is a penalty for wrong answers, with one-fourth (25%) of the marks deducted for each incorrect answer. 
• Service Indemnity Bond: Selected candidates will be required to sign a bond to serve the bank for a minimum of 3 years or pay a sum of Rs. 2,50,000 plus applicable taxes if they leave before the completion of this period.

For more details, please refer to the official notification on the Union Bank of India website.

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