Union Bank of India, a leading public sector bank, has announced the recruitment of 250 Specialist Officers for the position of Wealth Manager in the MMGS-II scale. This is a regular employment opportunity with postings available across India. The online application process begins on August 5, 2025, and concludes on August 25, 2025.
Summary
This recruitment drive aims to fill 250 regular vacancies for Wealth Managers who will be responsible for acquiring, nurturing, and managing relationships with High Net-worth Individual (HNI) clients. The selection process may involve an online examination, group discussion, and/or a personal interview. Selected candidates will be placed on a two-year probation and are required to execute a service indemnity bond for a minimum period of three years.
Job Details
| Item | Details |
| Department | Union Bank of India, Human Resources Vertical, Central Office, Mumbai |
| Employment Type | Regular (Specialist Officer) |
| Job Title | Wealth Manager (MMGS – II) |
| Total Vacancies | 250 |
| Start Date | August 5, 2025 |
| End Date | August 25, 2025 |
| Location | Pan-India (transferable to any branch/office) |
| Application Method | Online only |
| Official Site | unionbankofindia.co.in (Recruitments section) |
Advertisement No.
Recruitment of Wealth Managers (Specialist Officers) – Dated: August 5, 2025
Post and Vacancy Details
A total of 250 vacancies are available for the post of Wealth Manager (MMGS-II) with the following category distribution :
- SC: 37
- ST: 18
- OBC: 67
- EWS: 25
- UR (General): 103
- PwBD reservations within total vacancies: VI: 3, HI: 3, OC: 2, MoD: 2
Salary Details
The position is offered in the MMGS-II scale with a basic pay of ₹64,820 – ₹93,960. In addition to the basic pay, selected officers will receive Dearness Allowance, Special Allowance, and other applicable benefits. The approximate total Cost to Company (CTC) at a Mumbai posting is around ₹21.00 Lakhs per annum, which may vary based on the place of posting.
Educational Qualification
- Essential: A full-time 2-year degree/course in MBA/MMS/PGDBA/PGDBM/PGPM/PGDM from a University or Institution recognized by the Government of India or approved by Government Regulatory bodies.
- Desirable: Certifications from NISM / IRDAI / NCFM / AMFI are preferred.
Age Limit
Candidates must be between 25 and 35 years of age as of August 1, 2025. Age relaxation is applicable for reserved categories as per government norms: 5 years for SC/ST, 3 years for OBC (NCL), and 10 years for PwBD candidates.
Selection Process
The selection process may consist of one or more of the following stages, depending on the number of applications received :
- Online Examination
- Group Discussion (GD)
- Personal Interview (PI)
The online test, if conducted, will cover Quantitative Aptitude, Reasoning, English Language, and Professional Knowledge. There will be a penalty for wrong answers.
How to Apply
- Visit the official Union Bank of India website at unionbankofindia.co.in and navigate to the ‘Recruitments’ page.
- Find the link for “RECRUITMENT OF WEALTH MANAGERS (SPECIALIST OFFICERS)” and click on “CLICK HERE TO APPLY ONLINE”.
- Register by providing your basic information to generate a provisional Registration Number and Password.
- Fill out the online application form with all required details.
- Upload scanned copies of your photograph, signature, left thumb impression, and a handwritten declaration as per the specified guidelines.
- Pay the application fee online. The fee is ₹1,180 for General/Other categories and ₹177 for SC/ST/PwBD candidates (inclusive of GST).
- Submit the application form and take a printout for your records.
Instructions
- Candidates must ensure they meet all eligibility criteria before applying.
- A service indemnity bond of ₹2,50,000 must be executed for a minimum service period of 3 years.
- Selected candidates will have a probation period of 2 years.
- All particulars mentioned in the online application will be considered final.
- Candidates currently employed in Government/PSU roles must produce a “No Objection Certificate” (NOC) at the time of the interview.
Important Dates
- Start of Online Application & Fee Payment: August 5, 2025
- Last Date for Online Application & Fee Payment: August 25, 2025
Important Links
- Notification Link: click here
- Apply Link: click here
