SBI Group Chief Economic Advisor Recruitment 2026

State Bank of India (SBI) is hiring a Group Chief Economic Advisor (GCEA) on a contract basis. This is a senior leadership role at SBI's Corporate Centre in Mumbai. You need a Master's degree in Economics with at least 15 years of experience as an Economist to be eligible. The last date to apply online is 4 May 2026. The annual CTC is up to Rs. 2.00 crore, negotiable based on your experience.

State Bank of India (SBI) Group Chief Economic Advisor Recruitment 2026 - 1 Post

State Bank of India (SBI), through its Central Recruitment & Promotion Department (CRPD), has announced 1 vacancy for the post of Group Chief Economic Advisor under Advertisement No. CRPD/SCO/2026-27/01. This is a contractual specialist role that puts you at the very top of SBI's economic research function. The GCEA will head SBI's Economic Research Department at Corporate Centre, Mumbai, providing strategic economic inputs to the Bank's top management. The contract is initially for 3 years, extendable by 2 more years (total up to 5 years) at the Bank's discretion.

Who Can Apply?

Educational Qualification (as on 31.03.2026)

• Mandatory: Master's level degree in Economics with specialization in Monetary Economics, Financial Economics, or Econometrics from a recognized Indian or Foreign University or Institute.
• Preferred: Doctorate (PhD) degree in areas of Money, Banking, or International Finance from a recognized University. This gives you an edge during shortlisting.

Additional Skills

• You must have excellent communication skills supported by participation in various economic forums.
• Contribution to leading publications will be an added advantage.

Age Limit

• Minimum age: 55 years
• Maximum age: 62 years
• Age calculated as on 31 March 2026

Experience Required

• Minimum 15 years of post-qualification work experience as an Economist in a Commercial Bank, Financial Institution, or reputed Corporate Organization
• OR: Teaching experience as a Lecturer or Professor in Economics at a College or University
• OR: A combination of Economist work experience and teaching experience
• Note: You must submit proper experience certificates. Without them, SBI reserves the right to cancel your candidature.

Salary / CTC

• Annual CTC up to Rs. 2.00 crore (negotiable based on experience and current salary)
• CTC is split into 90% fixed pay and 10% variable pay
• Variable pay is linked to annual performance appraisal scores — you get 100% variable pay if you score 99-100% in your appraisal
• Annual increment of up to 10% of CTC from the second year onwards, subject to performance score of at least 90%
• 30 days of leave per financial year
• No other perks mentioned beyond CTC

Application Fee

• General / EWS / OBC: Rs. 750 (non-refundable)
• SC / ST: No fee
• Payment mode: Online only (Debit Card / Credit Card / Internet Banking)

Selection Process

The selection is done in 3 stages — no written exam:

1. Shortlisting: SBI's shortlisting committee will screen all applications against internal parameters. Just meeting the minimum qualification and experience does not guarantee a call for interview. The Bank's decision on shortlisting is final.
2. Interview (100 marks): Shortlisted candidates will be called for an interview. The qualifying score in the interview is set by the Bank. Merit list is prepared based on interview marks only. If two candidates tie, the older candidate ranks higher.
3. CTC Negotiation: SBI negotiates the final CTC with candidates in merit order. If you decline the negotiated CTC, you are treated as a voluntary exit and the next candidate is approached.

Final selection is based on successful CTC negotiation in merit order.

How to Apply

1. Go to SBI's official website at sbi.bank.in/web/careers/current-openings.
2. Find Advertisement No. CRPD/SCO/2026-27/01 and click on it.
3. Register and fill in the online application form.
4. Upload all required documents: resume, ID proof, age proof, educational certificates, experience certificates, Form-16/salary slip, bio-data, CTC format, and NOC (if applicable).
5. Pay the application fee online using Debit Card, Credit Card, or Internet Banking.
6. Submit and take a printout of the application form and e-receipt.
7. Note: Hard copy of application need NOT be sent to SBI's office.

Documents to Upload

• Recent passport-size photograph
• Signature (on white paper with black ink pen)
• Brief Resume (PDF)
• ID Proof (PDF)
• PAN Card
• Educational certificates and mark sheets (PDF)
• Experience certificates (PDF)
• Form-16 / Offer Letter / Latest Salary Slip from current employer (PDF)
• No Objection Certificate — if you are working in a Govt., PSU, nationalized bank, or SBI Group company (PDF)
• Bio-data and CTC Format (PDF)

Important Dates

• Notification Date: 13 April 2026
• Online Application Start: 13 April 2026
• Last Date to Apply Online: 4 May 2026
• Last Date for Fee Payment: 4 May 2026
• Interview Date: To be announced

• Head SBI's Economic Research Department at Corporate Centre, Mumbai
• Provide strategic economic insights to the Bank's top management on national and global developments
• Analyse macroeconomic trends, monetary policy, fiscal developments, and global economic conditions
• Prepare periodic economic outlook reports for internal decision-making and business strategy
• Support treasury operations and risk management functions with economic forecasts and analysis
• Represent SBI in economic forums, policy discussions, and industry interactions
• Guide and mentor the economic research team of the Bank
• Contribute to the formulation of the Bank's overall strategy and policy