SBI Recruitment 2025: Apply Online for Deputy Manager (Economist) – Specialist Cadre Officer Posts

The State Bank of India (SBI), India’s largest public sector bank and recently recognized as the “Best Bank in India 2024” by Global Finance, has announced a recruitment drive for the post of Deputy Manager (Economist) under the Specialist Cadre Officers (SCO) category.
Eligible candidates are invited to apply online through SBI’s official career portal. This recruitment is being conducted on a regular basis.

Important Dates

• Online Application & Fee Payment Start Date: October 8, 2025

• Last Date for Online Application & Fee Payment: October 28, 2025

Candidates are advised to apply well before the closing date to avoid last-minute issues.

Post Details

Note: Age relaxation will be applicable as per Government of India norms.

Educational Qualification (As on 01.08.2025)

• Essential: Master’s Degree in Economics / Econometrics / Mathematical Economics / Financial Economics with minimum 60% marks or equivalent grade from a recognized university/institute.

• Preferred: Ph.D. in Economics / Banking / Finance / Statistics / Mathematics will be given preference.

Experience (As on 01.08.2025)

• Minimum 1 year of post-qualification experience in Research and Analytics.

• Candidates with relevant experience in the Banking Industry or NBFCs will have an added advantage.

Skills Required

• Strong communication and analytical writing skills.

• Knowledge of Machine Learning, Data Analytics, Big Data tools.

• Proficiency in Statistical/Analytical software such as STATA, SAS, E-views, R, etc.

• Competency in Mathematical/Statistical Model Building (mandatory).

• Familiarity with databases like Bloomberg, Reuters, CEIC is desirable.

Job Profile & Responsibilities

The selected candidate will play a key role in economic research and policy support within SBI.
Key responsibilities include:

• Collecting, compiling, and analyzing financial and economic data using econometric models.

• Conducting macroeconomic research on banking, prices, savings, investments, and national accounts.

• Designing and analyzing large-scale surveys.

• Building macro-econometric models for forecasting economic indicators.

• Publishing research articles and contributing to SBI’s internal publications like Eco Wrap.

• Preparing speeches, background papers, and analytical reports for SBI’s top management.

• Supporting other SBI departments in budget analysis, capital raising, and policy formulation.

Note: Actual job responsibilities may vary based on SBI’s operational requirements.

Salary and Benefits

Pay Scale: ₹64,820 – 2,340/1 – 67,160 – 2,680/10 – 93,960 (MMGS-II)

In addition to the basic pay, selected candidates will receive:

• Dearness Allowance (DA)

• House Rent Allowance (HRA)

• City Compensatory Allowance (CCA)

• Provident Fund (PF)

• Contributory Pension Fund (NPS)

• Leave Fare Concession (LFC)

• Medical facilities and other benefits as per Bank rules.

Selection Process

The recruitment will be based on:

1. Shortlisting: Based on qualifications, experience, and relevant skills.

2. Interview: Weightage of 100 marks.

   • The qualifying marks will be decided by the bank.

   • The merit list will be prepared in descending order of interview scores.

   • In case of a tie, candidates will be ranked according to age (older candidates ranked higher).

Application Fees

Fees must be paid online using Debit/Credit Card, Internet Banking, or UPI.

How to Apply

1. Visit the SBI Career Portal: https://sbi.bank.in/web/careers/current-openings

2. Select the advertisement CRPD/SCO/2025-26/12.

3. Click on “Apply Online” and register yourself.

4. Fill out the online form carefully and upload all required documents in PDF format (max. 500 KB each).

5. Pay the application fee online.

6. Save and print the application form and fee receipt for future reference.

Documents Required (to be uploaded)

• Recent photograph (20–50 KB, JPEG)

• Signature (10–20 KB, JPEG)

• Bio-data and Resume (PDF)

• Proof of Date of Birth and ID proof (PDF)

• Educational Certificates (PDF)

• Experience Certificates (PDF)

• Caste/EWS/PwBD Certificate (if applicable) (PDF)

• Latest Salary Slip / Form-16 / Offer Letter (PDF)

General Instructions

• Candidates must ensure eligibility before applying.

• No hard copy of the application should be sent to SBI.

• All updates, including interview schedules and results, will be posted only on the SBI Careers website.

• Multiple applications for the same post will lead to cancellation.

• Candidates working in government or public sector organizations must produce a No Objection Certificate (NOC) at the time of interview.

• Selected candidates will be placed on probation as per SBI’s recruitment policy.

• Outstation candidates called for interviews will be reimbursed up to ₹10,000 (Economy Class airfare or actual travel cost, whichever is lower).

Contact for Queries

For any queries, visit the SBI Careers page and click on “Contact Us / Post Your Query”:
👉 https://sbi.bank.in/web/careers/current-openings

Important Links

Conclusion

This is a great opportunity for professionals with a strong background in economics, analytics, and research to join India’s leading financial institution. With a reputation for stability, innovation, and growth, SBI offers not just a job but a long-term career in shaping India’s banking and economic research landscape.

Advertisement No: CRPD/SCO/2025-26/12
Issued on: October 8, 2025
Issued by: General Manager (Recruitment & Promotion), SBI, Mumbai