Advertisement on the website of India's largest bank SBI, the current openings are for Indian citizens between the age group of 25 to 40 years with minimum qualification of CA/ICWA/ACS/MBA in finance or equivalent post-graduation degree in finance from an institution recognised or approved by govt., govt. bodies or AICTE. 

SBI categorized the positions jobs on offer into two categories - Special Management Executive (Banking)-MMGS III grade and special management executive (banking)-MMGS II.

Under the first, the bank is planning to hire 273 candidates with qualification of CA/ICWA/ACS/MBA (finance) or equivalent post-graduation degree in finance with minimum five years of experience as an executive in supervisory/management role in a schedule commercial bank/associate or subsidiary of a schedule commercial bank or public sector financial institution or listed financial institution.

Under the second category - special management executive (banking)-MMGS II, the banking major specified minimum two years of post-qualification experience, instead of five, according to the SBI website. In the second category, the bank is looking to hire 281 candidates between the age group of 25 years and 35 years with minimum qualification of CA /ICWA/ACS/MBA (finance) or equivalent post-graduation degree in finance. 

The compensation per annum on CTC basis at Mumbai is around Rs. 13.07 lakh for an officer of MMGS - II grade and Rs. 15.86 lakh for MMGS-III officer. In addition, the officers are also entitled to other benefits like medical aid for self and for family, leased accommodation at place of posting and concessional Interest rates for loans. Selection of candidates will be on the basis of online objective test, group exercise and interview.