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The Union Bank of India (UBI) has officially released its Specialist Officer (SO) Recruitment Notification 2025 for the role of Wealth Manager (MMGS-II). With 250 vacancies open, this is a golden opportunity for finance professionals looking to establish a strong career in the wealth management segment of public sector banking.

Applications are invited from August 5, 2025, to August 28, 2025, through the official website – www.unionbankofindia.co.in.


🔍 Recruitment Highlights

Particulars    Details

Post    Wealth Manager (MMGS-II)
Vacancies    250
Application Dates    5th August to 28th August 2025
Mode of Application    Online only
Job Location    All India (Postings across UBI branches)
Official Website    unionbankofindia.co.in



🏦 About Union Bank of India

Headquartered in Mumbai, Union Bank of India is one of the leading public sector banks in India with a wide branch network. The Wealth Manager post falls under the bank’s Specialist Officer cadre and plays a crucial role in managing High Net-Worth Individuals (HNWIs), offering tailored financial advisory services, and executing wealth creation strategies.



✅ Eligibility Criteria

📅 Age Limit (As on August 1, 2025):

Minimum: 25 years

Maximum: 35 years

Relaxation:

SC/ST: 5 years

OBC (Non-Creamy Layer): 3 years

PwBD: 10 years

Ex-Servicemen & others: As per Govt. norms



🎓 Educational Qualification:

A Postgraduate Degree in Finance/Management: MBA/PGDM/MMS/PGDBA/PGDBM/PGPM with Finance specialization from a recognized university/institute.

Minimum Marks:

General/EWS: 60%

SC/ST/OBC/PwBD: 55%


Desirable (optional but advantageous):

Certifications such as CFA (Chartered Financial Analyst) or CFP (Certified Financial Planner).



💼 Experience:

Minimum 2–3 years of post-qualification experience in:

Wealth management

Financial advisory

Banking or investment services



🌏 Nationality:

Indian Citizens

Subjects of Nepal or Bhutan

Tibetan refugees (arrived before 01.01.1962)

Persons of Indian origin from select countries intending to settle in India permanently



🖥️ Application Process – Step by Step

1. Visit the Official Website:
Go to www.unionbankofindia.co.in


2. Click on "Careers > Recruitment"


3. Open the Notification:
Look for "Recruitment of Wealth Managers – Specialist Officer 2025" and download the detailed notification.


4. Register:
Click on "New Registration" and fill in your basic details. Note the provisional registration number and password.


5. Complete Application Form:
Log in with your credentials and fill in academic, professional, and personal information.


6. Upload Documents:

Passport-size photo

Signature

Educational certificates

Experience proof



7. Pay Application Fee:

SC/ST/PwBD: ₹177 (incl. GST)

General/OBC/EWS: ₹1180 (incl. GST)
Payment Modes: Debit/Credit Card, UPI, Net Banking



8. Final Submission:
Review your application, click Submit, and download/save the confirmation page for future reference.



🧪 Selection Process

The recruitment process may include the following stages:

1. Online Test

Part I – Aptitude (75 marks, 75 questions):

Quantitative Aptitude

Reasoning Ability

English Language


Part II – Professional Knowledge (150 marks, 75 questions):

Wealth management, investment advisory, financial products



🕐 Duration: 150 minutes
⚠️ Negative Marking: 0.25 for each wrong answer

2. Group Discussion (GD) (if applicable)

Tests leadership, awareness of financial topics, and interpersonal skills


3. Personal Interview

Focuses on:

Domain expertise

Client management experience

Analytical & communication skills



4. Final Merit List

Based on cumulative performance in online test, GD, and interview


💰 Salary Structure & Perks

Selected candidates will be appointed in Middle Management Grade Scale-II (MMGS-II) with a basic pay structure as below:

₹64,820 – 2,340 (1) – 67,160 – 2,680 (10) – 93,960

Additional benefits:

Dearness Allowance (DA)

House Rent Allowance (HRA)

Special Allowances

Medical benefits

Pension schemes

Leave benefits

Performance-based incentives



📚 Preparation Tips for Aspirants

To crack this highly competitive exam, follow a structured plan:

📘 Focus Areas:

Wealth Management Principles

Mutual Funds, Insurance, Bonds, Equities

Portfolio & Risk Management

Financial Markets & Regulations

Quantitative Aptitude, Reasoning, English


📖 Recommended Resources:

Principles & Practices of Banking – IIBF

Financial Management – Prasanna Chandra

Daily financial newspapers (Business Standard, Economic Times)


🔍 Practice Regularly:

Attempt mock tests and previous year papers

Work on speed and accuracy

Analyze weak areas and revise


🗣️ Prepare for GD & Interview:

Follow current affairs, especially in finance & banking

Stay updated with RBI guidelines and global economic trends

Practice clear, confident communication



🌟 Why Join Union Bank of India as a Wealth Manager?

Secure career with a reputed PSU bank

Specialized, prestigious role handling elite clients

Attractive compensation and fast-track promotions

Exposure to cutting-edge wealth management services

Opportunity to make a real impact in the financial lives of customers


📝 Conclusion

The Union Bank of India Wealth Manager Recruitment 2025 presents a fantastic opportunity for experienced finance professionals to join the public sector with a specialized role. With 250 vacancies, a competitive salary package, and long-term growth, this is a career-defining moment.

👉 Apply before August 28, 2025, and kickstart your journey with one of India’s most trusted banks. For complete details, visit the official website.