This is a perfect opportunity for experienced professionals looking for the latest government jobs for a Wealth Manager across India. This major recruitment drive by Union Bank of India for 250 Specialist Officers is ideal for MBA/PGDM graduates with at least 3 years of experience in wealth management.
Job Summary
Union Bank of India, a leading public sector bank, has announced a significant recruitment drive for 250 Wealth Managers (Specialist Officers in MMGS-II Grade). This is a fantastic opportunity for professionals with experience in the financial services sector to join a reputable government bank. Selected candidates can be posted in any branch or office of the bank across India.
As a Wealth Manager, you will be the single point of contact for the banking and investment needs of High Net-worth Individual (HNI) clients. Your primary role will be to build and maintain strong relationships with these clients, understand their financial goals, and advise them on a range of investment and insurance products. The selection process will involve an Online Examination and/or Personal Interview.
📅 Important Dates – Union Bank Wealth Manager Recruitment 2025
| Event | Date |
|---|---|
| Start of Online Registration | 05 August 2025 |
| Last Date for Registration | 25 August 2025 |
| Last Date to Edit Application | 25 August 2025 |
| Last Date to Print Application | 09 September 2025 |
| Online Fee Payment | 05 August 2025 – 25 August 2025 |
Salary Details
- Basic Pay Scale: ₹64820 - ₹93960
- Approximate CTC: The official notification states that the approximate Cost to Company (CTC) in Mumbai is around ₹21.00 Lakhs per annum. Please note that the final CTC may vary based on the location of posting.
Examination Centres in Maharashtra
The online examination for this recruitment will be tentatively held at the following centres within Maharashtra:
- Mumbai / Navi Mumbai / Thane / MMR
- Nagpur
- Nashik
- Pune
- Kolhapur
- Chhatrapati Sambhaji Nagar
- Amravati
- Nanded
- Jalgaon
Please Note: We have listed only the examination centres for Maharashtra. For a complete list of centres across other states, please refer to the detailed official notification.
Who is Eligible to Apply?
- Education: A full-time, 2-year MBA, MMS, or any equivalent PGDBM/PGDM/PGPM from a recognized university or institute is required. Desirable certifications include NISM, IRDAI, NCFM, or AMFI.
- Experience: A minimum of 3 years of post-qualification work experience as an Officer or in a Managerial role in Wealth Management with a Public, Private, or Foreign Bank, or a Broking/Securities/Asset Management firm.
- 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 rules.
What Will You Be Responsible For?
- Act as the primary relationship manager for all banking needs of HNI clients.
- Acquire new HNI clients and strengthen relationships with existing ones.
- Sell a range of investment and insurance products based on client needs.
- Conduct financial need analysis and risk profiling for all clients.
- Perform periodic portfolio reviews to ensure alignment with the client's financial goals.
Selection Process & Application Fee
- The selection process may include an Online Examination and/or a Personal Interview.
- The application fee is ₹177 for SC/ST/PwBD candidates and ₹1180 for all other candidates.
Frequently Asked Questions (FAQ)
Q1: Is Union Bank of India a government job?
A1: Yes, Union Bank of India is a Public Sector Bank, which is a government-owned bank. This recruitment is for a permanent Specialist Officer (MMGS-II) position after a 2-year probation period.
Q2: What is the salary of a Wealth Manager in Union Bank?
A2: The basic pay scale for this MMGS-II post is ₹64820 - ₹93960. The official notification states that the approximate total Cost to Company (CTC) in Mumbai is around ₹21.00 Lakhs per annum, which includes various allowances and perquisites.
Q3: Who is eligible for this Union Bank exam?
A3: To be eligible, a candidate must be between 25-35 years old, have a full-time 2-year MBA/PGDM, and possess a minimum of 3 years of post-qualification experience in a wealth management role.
Q4: How can I get this job in Union Bank of India?
A4: You must apply online through the official IBPS portal before August 25, 2025, and clear the selection process, which may include an Online Examination and/or a Personal Interview.
Q5: Is IBPS conducting this exam?
A5: Yes, the online application process and examination for this Union Bank recruitment are conducted by IBPS (Institute of Banking Personnel Selection).
Q6: What is the job profile of a Wealth Manager in Union Bank?
A6: A Wealth Manager acts as the single point of contact for High Net-worth Individual (HNI) clients, providing investment advice, selling banking/insurance products, and managing client portfolios.
Q7: What is the probation period for this position?
A7: The probation period is 2 years, after which the position becomes permanent, subject to satisfactory performance.
Q8: Where can Wealth Managers be posted in Union Bank?
A8: Postings can be anywhere across India, depending on the bank’s requirement. Candidates must be ready to work in any branch or office location.
Q9: Does Union Bank provide performance incentives?
A9: Yes, apart from the fixed salary and allowances, eligible employees may receive performance-based incentives as per the bank’s policy.
Q10: What documents are required to apply?
A10: Scanned copies of your educational certificates, ID proof, photograph, and signature are required during online application submission.
Q11: Is there negative marking in the exam?
A11: Yes, as per IBPS norms, there is typically a penalty of 0.25 marks for each wrong answer in the objective test.
Q12: Can freshers apply for this post?
A12: No, this post requires at least 3 years of post-qualification experience in Wealth Management or related roles.
Q13: Which cities in Maharashtra have Union Bank Wealth Manager vacancies?
A13: Cities may include Mumbai, Pune, Nagpur, Nashik, Aurangabad, Kolhapur, and other major locations where Union Bank has branches.
Q14: What certifications are preferred for this role?
A14: Certifications such as NISM, IRDAI, AMFI, or NCFM are desirable and may provide an advantage in selection.
📄 Official Notification: https://www.unionbankofindia.co.in/pdf/Notification-for-Recruitment-of-Wealth-Managers.pdf
🖊️ Official Apply Online: https://ibpsonline.ibps.in/ubiwmjul25/