Union Bank Recruitment 2025: 250 Wealth Manager Vacancies with ₹21 Lakh CTC
Union Bank Recruitment 2025 is here! Union Bank of India has announced 250 Wealth Manager vacancies under the Specialist Officer cadre. This is a golden chance for professionals looking for a secure government bank job with premium salary and growth. With a lucrative CTC up to ₹21 Lakh per annum, nationwide postings, and a fast-track career path, this recruitment stands out as one of the most rewarding opportunities in the banking sector.
✨ Overview – Union Bank Recruitment 2025
Before diving into eligibility, exam pattern, or the application process, let’s pause for a quick snapshot of what the Union Bank Recruitment 2025 really offers. Think of this as your at-a-glance guide — giving you all the vital facts in one place so you don’t have to scroll endlessly.
| Particulars | Details |
|---|---|
| Post Name | Wealth Manager (Specialist Officer) |
| Scale/Grade | MMGS–II |
| Total Vacancies | 250 |
| Basic Pay Scale | ₹64,820 – ₹93,960 |
| Approx. CTC | ₹21 Lakh per annum (Mumbai Centre; varies by location) |
| Official Website | www.unionbankofindia.co.in |
👥 Union Bank Jobs 2025 – Category-wise Vacancy Distribution
Union Bank of India has officially released 250 vacancies for the post of Wealth Manager (MMGS II) under the Union Bank Recruitment 2025. This is a rare large-scale hiring in the Specialist Officer cadre, making it a golden opportunity for aspirants aiming to secure a high-paying and stable role in the banking sector.
| Category | Vacancies |
|---|---|
| SC (Scheduled Caste) | 37 |
| ST (Scheduled Tribe) | 18 |
| OBC (Other Backward Classes) | 67 |
| EWS (Economically Weaker Section) | 25 |
| UR (Unreserved/General) | 103 |
| Total | 250 |
📌 Reservation for PwBDs (Persons with Benchmark Disabilities):
VI (Visual Impairment): 3
HI (Hearing Impairment): 3
OC (Orthopedic Disability): 2
MoD (Multiple Disabilities): 2
🎓 Eligibility Criteria – Union Bank Wealth Manager 2025
Before applying, candidates must carefully check the eligibility requirements for the post of Wealth Manager (MMGS–II) under Union Bank Recruitment 2025. This ensures that only experienced and qualified professionals are considered for this high-value role.
📘 Educational Qualification
Mandatory: A full-time 2-year postgraduate degree/diploma in any of the following, from a Government-recognized institute/university:
MBA
MMS
PGDBA
PGDBM
PGPM
PGDM
Desirable Certifications (value-added edge):
Candidates holding certifications in NISM, IRDAI, NCFM, or AMFI will have an added advantage, especially as these are industry-recognized credentials in securities and financial advisory services.
💼 Work Experience
Applicants must have a minimum of 3 years post-qualification experience as Officer/Manager in Wealth Management with one or more of the following:
Public Sector Banks / Private Sector Banks / Foreign Banks
Broking Firms
Securities Firms
Asset Management Companies
👉 Important: Candidates must provide job profile verification issued by their current or previous employers. Salary slips or offer letters alone will not be accepted as valid proof of work experience.
📑 Selection Process – Union Bank SO Recruitment 2025
The Union Bank Recruitment 2025 selection process for Wealth Managers (Specialist Officers) is structured to evaluate candidates on their domain knowledge, analytical ability, and leadership qualities.
🔹 Stages of Selection
Depending on the number of applications, the bank may adopt one or more of the following:
Online Examination – To test professional knowledge, reasoning, and aptitude.
Group Discussion (GD) – To assess communication, problem-solving, and teamwork skills.
Personal Interview (PI) – To evaluate subject expertise, decision-making, and suitability for the role.
🔹 Shortlisting Norms
Candidates will generally be shortlisted for the Interview stage in a 1:3 ratio (3 candidates per vacancy).
This ratio is indicative and may vary at the bank’s discretion.
🔹 Key Points to Note
Qualifying in one stage does not guarantee final selection.
Candidates must secure minimum qualifying marks in each stage to remain in the process.
The final merit list will be prepared on the basis of performance across all stages.
🖊️ Exam Pattern – Union Bank Wealth Manager SO 2025
If the online test is conducted, here’s the structure:
| Part | Test Name | No. of Questions | Maximum Marks | Duration |
|---|---|---|---|---|
| Part I | Quantitative Aptitude | 25 | 25 | 75 minutes (combined) |
| Reasoning | 25 | 25 | ||
| English Language | 25 | 25 | ||
| Part II | Professional Knowledge (Wealth Management) | 75 | 150 | 75 minutes |
| Total | 150 | 225 | 150 minutes |
Key Details:
Language: Bilingual (English & Hindi), except English section.
Negative Marking: 0.25 (¼) mark deducted for each wrong answer.
Cut-off: Candidates must secure minimum qualifying marks in aggregate (decided by the bank).
👥 Group Discussion (GD)
Marks: 50
Qualifying Marks:
General/EWS: 25
SC/ST/OBC/PwBD: 22.5
Purpose: To evaluate communication, decision-making, and teamwork skills.
Personal Interview (PI)
Personal Interview (PI)Marks: 50
Qualifying Marks:
General/EWS: 25
SC/ST/OBC/PwBD: 22.5
Focus: Tests domain expertise, professional experience, and overall suitability for the Wealth Manager role.
Final Selection
Final SelectionIf Exam + Interview: Merit is based on aggregate of both.
If Exam not held: Selection may be only via PI or GD+PI.
Final merit list is category-wise (SC/ST/OBC/EWS/UR) and based on descending order of marks
💼 Salary & Perks – Union Bank Wealth Manager 2025
One of the biggest attractions of the Union Bank Recruitment 2025 for Wealth Managers (MMGS–II) is the lucrative pay package. Union Bank has structured the salary to reward both experience and performance, making this one of the highest-paying Specialist Officer jobs in PSU banks.
💰 Pay Structure (MMGS–II)
| Component | Details |
|---|---|
| Basic Pay (MMGS II) | ₹64,820 – ₹93,960 |
| DA (Dearness Allowance) | ~40% of Basic Pay |
| HRA / Leased Quarters | 7%–9% of Basic OR bank accommodation |
| Special Allowance | ₹15k – ₹25k approx. |
| Conveyance | ₹3k – ₹5k per month |
| Medical | For self & dependents |
| LFC (Leave Fare Concession) | Once in 2 years (employee + family) |
| Mobile/Other Perks | ₹500–₹1k + insurance, newspaper, furniture etc. |
🎁 Allowances & Perks
Along with the basic pay, Wealth Managers are entitled to a wide range of allowances and benefits, such as:
Dearness Allowance (DA) – adjusted quarterly to tackle inflation.
Special Allowance – role-specific benefit.
HRA / Leased Accommodation – bank-provided housing or house rent allowance.
Conveyance Allowance – travel and official commute benefits.
Medical Benefits – for self and dependents.
Leave Fare Concession (LFC) – reimbursement for travel during leave.
Mobile / Telephone Expenses – reimbursement for official communication.
Other Perks & Benefits – as per Union Bank’s internal policies.
📊 Approximate CTC
At Mumbai Centre, the annual Cost to Company (CTC) is estimated at ₹21 Lakh.
CTC may vary depending on the place of posting, as allowances like HRA differ across cities.
📅 Important Dates – Union Bank Recruitment 2025
| Important Event | Date |
|---|---|
| Commencement of Online Registration | 05 August 2025 |
| Closure of Registration | 25 August 2025 |
| Closure for Editing Application | 25 August 2025 |
| Last Date for Printing Application | 09 September 2025 |
| Online Fee Payment | 05 – 25 August 2025 |
📝 How to Apply Online for Union Bank SO 2025
Applying for the Union Bank Recruitment 2025 is a completely online process, carried out only through the Union Bank of India official website under the Careers section. No offline applications will be accepted.
🔹 Steps to Apply
Step 1: Registration
Enter basic details (name, email ID, mobile number).
Ensure contact details remain active throughout the process.
Step 2: Fill Application Form
Provide personal, educational, and work experience details.
Cross-check carefully before proceeding.
Step 3: Upload Documents
Recent photograph & signature.
Left thumb impression.
Handwritten declaration (as per format).
Step 4: Pay Application Fee
Online payment via Debit/Credit Card, Net Banking, or UPI.
Save the e-receipt for proof.
Step 5: Final Submission
Review the form carefully.
Submit and take a printout for future use.
💳 Application Fee – Union Bank SO Recruitment 2025
As per the official notification, candidates must pay the non-refundable application fee online.
| Category | Application Fee (Incl. GST) |
|---|---|
| SC / ST / PwBD | ₹177 |
| All Other Categories | ₹1180 |
🔗 Important Links – Union Bank Recruitment 2025
| Activity | Link |
|---|---|
| Official Notification PDF | Download Here |
| Apply Online | Click Here |
| Union Bank Official Website | Click Here |
⏳ Age Criteria & Relaxations – Union Bank SO
To apply for the post of Wealth Manager (MMGS–II) under Union Bank Recruitment 2025, candidates must meet the following age criteria (as on 01 August 2025):
Minimum Age: 25 years
Maximum Age: 35 years
🧾 Age Relaxation (as per Government rules)
Certain categories are eligible for relaxation in the upper age limit:
| Category | Relaxation |
|---|---|
| SC / ST | 5 years |
| OBC (Non-Creamy Layer) | 3 years |
| PwBD (Persons with Benchmark Disabilities) | 10 years |
| Ex-Servicemen | 5 years |
📑 List of Documents Needed for Union Bank SO Application 2025
At the time of interview/document verification, candidates must carry originals + photocopies of key documents.
🔹 Essential Documents
Printout of Interview Call Letter and Online Application Form.
Proof of Date of Birth (Birth Certificate / 10th Marksheet).
Photo ID Proof (Aadhaar / PAN / Passport / Driving Licence / Voter ID).
Educational Certificates & Mark Sheets (MBA/PGDM and graduation).
Experience Certificate(s) in prescribed format (Annexure-II).
Caste/EWS/PwBD Certificate (if applicable).
No Objection Certificate (NOC) (for Govt./PSU employees).
👉 Additional documents like Ex-Servicemen proof, disability-related certificates, or 1984 riots certificate are required only if applicable.
🏢 Posting & Career Growth – Union Bank Recruitment 2025
Posting: Candidates can be posted anywhere in India at the sole discretion of Union Bank.
Career Growth: The role follows the path of Marketing Officers, with regular promotions to higher managerial grades/scales.
💡 This ensures both nationwide exposure and a stable growth ladder in PSU banking.
⏳ Probation & Service Bond – Union Bank Recruitment 2025
When selected as a Wealth Manager (MMGS–II) under the Union Bank Recruitment 2025, candidates must agree to the following service terms:
Probation Period: 2 years
During this time, performance, conduct, and suitability for the role will be closely monitored.
Service Bond: Minimum 3 years
If a candidate leaves before completing the bond period, they must pay ₹2.5 lakh + applicable taxes as compensation to the bank.
🏦 Banks Related Job Openings – Apply Now
🏁 Final Thoughts on Union Bank SO 2025
The Union Bank Recruitment 2025 for Wealth Managers is more than just another banking exam — it’s an entry point into a prestigious Specialist Officer role with one of India’s leading public sector banks. The combination of 250 vacancies, nationwide posting flexibility, ₹21 Lakh CTC, and structured career promotions makes this notification stand out from regular banking recruitments.
If you have the required MBA qualification, certifications, and at least 3 years’ experience in wealth management, this is a career-defining chance you shouldn’t miss. With the competition expected to be high, aspirants are advised to apply early, prepare strategically for the online test, and build strong interview readiness.
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📚 How to Prepare for Union Bank Recruitment 2025
Cracking the Union Bank Recruitment 2025 Wealth Manager exam requires more than just textbook knowledge. This role combines professional expertise, aptitude, and managerial skills, so aspirants need a balanced strategy covering all sections of the exam as well as the later stages like GD and Interview.
🔹 1. Understand the Exam Pattern First
The online test (if held) includes Quantitative Aptitude, Reasoning, English Language, and Professional Knowledge.
Weightage is highest for Professional Knowledge (Wealth Management), so mastery here is crucial.
Remember: time management is as important as accuracy — 150 questions in 150 minutes means there’s no room for guesswork.
🔹 2. Master Professional Knowledge
Since this is a Specialist Officer role, the deciding factor will be your wealth management expertise.
Revise concepts of financial planning, investment strategies, risk profiling, and portfolio management.
Stay updated on market-linked instruments like mutual funds, bonds, insurance products, and equity.
Build the ability to explain these in simple, client-friendly language — a skill that will help not only in the exam but also in the Personal Interview stage.
🔹 3. Strengthen Core Aptitude Sections
Quantitative Aptitude: Focus on speed with accuracy in arithmetic, percentages, ratios, time & work, and data interpretation.
Reasoning: Practice puzzles, seating arrangements, and logical reasoning daily to improve analytical ability.
English Language: Pay attention to comprehension, error spotting, and grammar, as clarity of communication matters both in exam and GD/PI.
🔹 4. Prepare for Group Discussion (GD)
Work on expressing ideas in clear, structured points instead of long monologues.
Practice discussing topics related to banking, economy, and financial markets.
Show qualities of teamwork, leadership, and decision-making — GD isn’t about speaking the most, it’s about adding value to the discussion.
🔹 5. Personal Interview (PI) Strategy
Highlight your work experience in wealth management and how it aligns with Union Bank’s vision.
Be ready to discuss real client-handling scenarios — like advising a risk-averse client or handling portfolio volatility.
Stay confident, but avoid overpromising — interviewers value honesty and professional maturity.
🔹 6. Build Exam Discipline & Confidence
Set a daily study routine with fixed hours for aptitude and professional knowledge.
Attempt full-length mock tests in a timed environment to simulate real conditions.
Regularly review mistakes to ensure they aren’t repeated.
Balance preparation with short breaks and healthy habits — success in a high-stakes exam depends on mental stamina as much as subject knowledge.
✅ Final Thought – Union Bank Recruitment 2025 Preparation
The Union Bank Recruitment 2025 Wealth Manager exam is not just another test; it’s a gateway to one of the highest-paying PSU banking careers in India. Success here depends on combining specialist knowledge, aptitude, and communication skills. If you stay consistent, practice smartly, and prepare with the mindset of a future Wealth Manager, you’ll stand out from the competition.
💡 Remember: This isn’t only about clearing an exam — it’s about building a long-term career in Union Bank of India with growth, stability, and prestige.
❓ FAQs – Union Bank Recruitment 2025
The Union Bank Recruitment 2025 notification has been released for 250 Wealth Manager (Specialist Officer) posts across India. This recruitment offers a high CTC of up to ₹21 Lakh per annum, making it one of the most attractive PSU bank jobs.
A total of 250 vacancies have been announced for the Wealth Manager (MMGS II) post, with category-wise reservation including SC, ST, OBC, EWS, and PwBD candidates.
The basic pay scale is ₹64,820 – ₹93,960, with allowances such as DA, HRA, and medical benefits. The approximate CTC is ₹21 Lakh per annum (at Mumbai Centre, varies by location).
Candidates must hold a full-time 2-year MBA/MMS/PGDM (Govt.-recognized) along with 3 years of experience in Wealth Management with banks, securities firms, broking firms, or asset management companies. Desirable certifications include NISM, IRDAI, NCFM, or AMFI.
Applicants must be 25 to 35 years old as on 01 August 2025. Age relaxations apply:
SC/ST: 5 years
OBC: 3 years
PwBD: 10 years
Ex-Servicemen: 5 years
The selection process may include:
Online Examination
Group Discussion (GD)
Personal Interview (PI)
Candidates must secure minimum qualifying marks in each stage to be considered for final selection.
Applications can be submitted online only through the Union Bank Careers Page. Candidates need to register, fill in details, upload documents, pay fees, and submit the form before the deadline.
SC/ST/PwBD: ₹177 (including GST)
General/OBC/EWS: ₹1180 (including GST)
Fees must be paid online at the time of application submission.