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.
