Union Bank Wealth Manager Recruitment 2025: Complete Guide
Union Bank of India has officially released its notification for the Recruitment of Wealth Managers (Specialist Officers) in MMGS-II grade. This golden opportunity offers 250 vacancies for experienced professionals aiming to grow their careers in one of India’s premier public sector banks.
Overview of Union Bank Wealth Manager 2025 Recruitment
Union Bank of India, headquartered in Mumbai, is inviting online applications from eligible Indian citizens to fill the position of Wealth Manager under the Specialist Officer cadre. This recruitment will enhance the bank’s high-net-worth individual (HNI) portfolio management segment.
- Position: Wealth Manager (MMGS-II)
- Total Vacancies: 250
- Online Application Period: 5th August 2025 to 25th August 2025
- Location: All India Posting
- Mode of Application: Online only at www.unionbankofindia.co.in
Vacancy Break-up and Reservation
The 250 positions are categorized as
| Category | Vacancies |
|---|---|
| SC | 37 |
| ST | 18 |
| OBC | 67 |
| EWS | 25 |
| UR | 103 |
Additionally, there is a reservation for PwBD categories: VI, HI, OC, and MoD.
Salary and CTC
The selected candidates will be placed in the MMGS-II pay scale:
₹64820-2340/1-67160-2680/10-93960
Approximate CTC at Mumbai: ₹21.00 Lakhs per annum (may vary by location)
Additional benefits:
- Residential quarters/lease accommodation
- Reimbursements (Medical, LFC, Mobile, Conveyance)
- Special Allowances and Incentives
Important Dates
| Event | Date |
|---|---|
| Start of Online Application | 5th August 2025 |
| Last Date to Apply | 25th August 2025 |
| Cut-off for Age & Experience | 1st August 2025 |
| Educational Qualification Date | 25th August 2025 |
Eligibility Criteria
Nationality
The candidate must be:
- A citizen of India or
- A subject of Nepal/Bhutan, or
- A Tibetan refugee (prior to 1 Jan 1962), or
- PIO from select countries with a Government of India certificate
Age Limit (As of 01.08.2025)
- Minimum: 25 years
- Maximum: 35 years
Age Relaxations:
- SC/ST: 5 years
- OBC (NCL): 3 years
- PwBD: 10 years
- Others (Ex-Servicemen/1984 Riots Victims): As per norms
Educational Qualification
- Mandatory: Full-time 2-year degree in
MBA / MMS / PGDBA / PGDBM / PGPM / PGDM
from a recognized university or institution approved by the Govt. of India. - Desirable Certifications:
- NISM
- IRDAI
- NCFM
- AMFI
Who Should Apply for the Union Bank Wealth Manager Post?
This role is tailor-made for professionals with a deep understanding of financial products, client relationship management, and investment advisory services. The ideal candidate:
- Has handled high net worth individual (HNI) clients
- Understands retail investment products (mutual funds, PMS, insurance, etc.)
- Has strong skills in cross-selling, upselling, and portfolio handling
- Is capable of risk assessment, wealth planning, and customer retention
If you’re already working in wealth management or aspire to move from a relationship manager role into a more specialized domain, this position offers career elevation with strong compensation.
Experience
Minimum 3 years post-qualification experience in wealth management roles such as:
- Public Sector Banks
- Private/Foreign Banks
- Broking/Securities/Asset Management Companies
Key Responsibilities (KRAs)
Selected candidates will:
- Act as a single point of contact for HNI clients
- Manage client portfolios and increase Assets Under Management (AUM)
- Promote Insurance and Investment Products
- Perform risk profiling and financial need analysis
- Conduct periodic portfolio reviews
- Ensure 100% documentation & compliance
Selection Process
The final selection may include one or more of the following stages:
- Online Exam
- Group Discussion (GD)
- Personal Interview (PI)
Online Exam Pattern
| Section | Questions | Marks | Duration |
|---|---|---|---|
| Quantitative Aptitude | 25 | 25 | |
| Reasoning | 25 | 25 | 75 min |
| English Language | 25 | 25 | |
| Professional Knowledge (Wealth Mgmt) | 75 | 150 | 75 min |
| Total | 150 | 225 | 150 min |
- Negative Marking: 0.25 per wrong answer
- GD & PI: 50 marks each (qualifying marks: 25 for Gen/EWS, 22.5 for others)
Application Process
Step-by-Step Guide
- Visit: unionbankofindia.co.in
- Go to Recruitments → Current Recruitment
- Click: “RECRUITMENT OF WEALTH MANAGERS (SPECIALIST OFFICERS)”
- Select “CLICK HERE TO APPLY ONLINE.”
- Register with basic details and upload documents
- Pay the fee online
- Submit and take a print of the application and e-receipt
Application Fee
| Category | Fee (Incl. GST) |
|---|---|
| SC/ST/PwBD | ₹177 |
| Others | ₹1180 |
Payment through: Credit/Debit Cards, UPI, Net Banking, Wallets
Tips to Crack the Union Bank Wealth Manager Selection Process
The selection process can be competitive, but here’s how to stand out:
- Master the syllabus: Focus more on professional knowledge (150 marks) related to wealth management, markets, insurance, and mutual funds.
- Brush up on Quant & Reasoning: Though basic (25 marks each), these sections can make a difference in tie-breaker cases.
- Sharpen your communication: For GD and PI, practice how to pitch financial products, explain risk, and discuss market trends confidently.
- Stay Updated: Read financial news, SEBI regulations, and AMFI/NISM modules.
- Documentation: Keep your experience certificates and job profiles ready in the prescribed format. The bank is strict on this.
Success in this exam hinges on preparation, precision, and presentation.
Required Documents at Interview
- Online application printout
- Interview call letter
- Photo ID proof
- Date of Birth proof
- Mark sheets and degree certificates
- Experience certificate in prescribed format
- Category certificate (SC/ST/OBC/EWS/PwBD)
- NOC (if employed in Govt/PSU)
- Disability certificate (if applicable)
Exam Centers (Tentative)
Across major cities in all states, including:
- Andhra Pradesh: Vijayawada, Vizag, Tirupati
- Maharashtra: Mumbai, Pune, Nagpur
- Delhi NCR: Noida, Faridabad
- Tamil Nadu: Chennai, Madurai, Coimbatore
- Telangana: Hyderabad, Warangal
Final details will be shared on the call letter.
Career Growth and Probation
- Probation: 2 years from joining
- Bond: ₹2,50,000 + tax for 3-year minimum service
- Promotion Path: On par with marketing officers; eligible for higher grades per bank policy
Why Join Union Bank as a Wealth Manager?
Union Bank offers more than just a job—it provides a career with prestige, perks, and progress. Here’s why:
- Stability of a public sector job combined with performance-driven perks
- Work with a trusted banking brand with an international presence
- Be at the forefront of India’s financial inclusion and HNI expansion plans
- Opportunity to handle diverse portfolios and premium clients
- Access to the latest fintech tools and advisory frameworks
This is your chance to transform your private banking experience into a secure, long-term government opportunity.
Common Mistakes to Avoid While Applying
Avoid these pitfalls to ensure your application doesn’t get rejected:
- Submitting incomplete job experience or uncertified job profiles
- Applying with multiple applications—only the last valid one is accepted
- Not checking CIBIL score—candidates with poor repayment records are disqualified
- Choosing the wrong category (OBC Non-creamy Layer vs. General)
- Uploading an incorrect or blurry photo/signature/thumb impression
Attention to detail is critical throughout the process—from online registration to interview day.
Important Instructions
- Apply only after confirming eligibility
- Only one application per candidate is allowed.
- No modification in form post-submission
- Applicants must maintain a valid email and mobile number.
- Candidature will be canceled if documents/job roles are misrepresented.
Frequently Asked Questions For
Important Links
Notification Pdf Click Here
Apply Link Click Here
Official Website Click Here
Final Words
This is a lucrative career opportunity for professionals in wealth management looking to advance in a secure, high-growth environment within a reputed public sector bank. Union Bank of India’s pan-India presence, global exposure, and structured career path make this role highly desirable.
Start preparing early and ensure that your qualifications, documentation, and work experience match the bank’s strict guidelines. Apply with precision, and take the first step toward becoming a wealth manager at Union Bank of India.
