Bank of Maharashtra Specialist Officer (Economist) Recruitment 2026
Quick Info
- Vacancies
- Vacancies: 4
- Employment Type
- Employment Type: Contract, Full Time
- Pay Scale
- Pay Scale: ₹85,920 - ₹120,940 per month
- Qualification
- Qualification: Post Graduation Degree in Economics (specialization in Monetary/Financial Economics/Econometrics preferred) from a recognized university. Doctorate degree is desirable.
- Experience Required
- Experience Required: Experience requirements vary across posts, generally ranging from 3 to 12 years of relevant professional experience. Candidates should check the official notification for the exact role-wise criteria.
- Age Limit
- Age Limit: Between 25 to 55 years
- Application Mode
- Application Mode: Online
- Deadline
- Deadline:
Vacancies under this Notification
This list may not include all posts.
Bank of Maharashtra is inviting applications for Specialist Officer positions within its Economic Cell at the Corporate Offices in Pune and Mumbai. This recruitment drive, part of the 2026-27 Phase I project, seeks self-motivated professionals for roles ranging from Senior Manager to Chief Economist to support the bank's expanding national and global footprint. Eligible candidates with a strong background in Economics and relevant experience in commercial banking or financial institutions are encouraged to apply for these permanent and contractual opportunities. This is a significant career path for finance experts looking to influence strategic policy formulation and macroeconomic analysis within a leading Public Sector Bank.
- The recruitment offers a mix of permanent and contractual leadership roles within the bank's specialized Economic Cell.
- Selected candidates will be responsible for providing strategic economic insights and policy inputs to the bank's top management.
- The selection process emphasizes professional experience in commercial banks, financial institutions, or reputed corporate research departments.
- Applicants should ensure they meet the specific cut-off date for eligibility criteria set as 30 June 2026.
- The bank provides a structured growth trajectory with attractive promotion policies for meritorious officers reaching top management grades.
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Additional Salary Information
Chief Economist is a contractual role with negotiable annual CTC. Scale IV (Chief Manager) pay scale is 102300-120940 and Scale III (Senior Manager) is 85920-105280 plus applicable allowances.
Important Dates
Selection Process
Preliminary Screening of applications Written Examination (if required) Personal Interview / Discussion
Application Fees
UR / EWS / OBC: 1180 SC / ST / PwBD: 118
Reservation
SC/ST/OBC/EWS/UR categories as per Government of India guidelines.
Horizontal reservation for Persons with Benchmark Disabilities (PwBD) including OC, VI, HI, and ID categories.
How to Apply
- Visit the official Bank of Maharashtra website and navigate to the 'Current Openings' section.
- Click on the recruitment link for Specialist Officer Phase I 2026-27.
- Register and fill out the online application form with accurate personal and professional details.
- Upload scanned copies of the required documents including educational certificates, experience letters, and a brief resume.
- Upload a recent passport-size photograph, signature, and a hand-written declaration as per the specified guidelines.
- Pay the application fee online through the integrated payment gateway.
- Review all entered information carefully before final submission.
- Download and print a copy of the submitted application form for future reference.
Frequently Asked Questions
Selection is primarily through a personal interview or discussion; however, the bank reserves the right to conduct a written examination depending on the number of applications received.
Yes, selected candidates for permanent roles (Scale III and IV) must execute a service bond of 3.00 Lakh with a minimum service period of 2 years.
Yes, while the initial work locations are Pune or Mumbai, the appointment is on a pan-India basis, and officers are liable to be posted anywhere in India based on bank requirements.
