Job Description
Overview
The Bank of Maharashtra has initiated a recruitment drive for Specialist Officer positions, specifically targeting experienced professionals in the field of Economics. This hiring process aims to strengthen the bank's analytical and strategic capabilities by onboarding experts for senior-level roles. These positions are critical for the bank's financial research and policy-making functions.
Key Responsibilities
- Conducting in-depth economic research to support the bank's strategic decision-making processes.
- Analyzing monetary and financial trends to provide actionable insights for senior management.
- Preparing detailed reports on economic indicators, market conditions, and financial forecasts.
- Collaborating with internal departments to align banking operations with current economic realities.
- Monitoring global and domestic financial developments that impact the banking sector.
- Providing expert guidance on financial modeling and econometric analysis for institutional growth.
Why Apply
Joining the Bank of Maharashtra offers a unique opportunity to work at the intersection of banking and economic policy. Professionals will benefit from a challenging work environment, competitive compensation packages, and the chance to contribute to the financial stability of a major public sector bank.
Important Dates
- Application Start: 23 June 2026
- Last Date: 10 July 2026
Quick Facts
- Vacancy: 4 Posts
- Location: India
- Category: Bank Jobs
Bank of Maharashtra Specialist Officer Recruitment 2026 Overview
Registration Date
23 Jun 2026 –
10 Jul 2026
Salary
Scale III & IV
Vacancies
4
Eligibility
Post Graduation in Economics
Application Link
Vacancy Details
| Post Name | Total Posts |
|---|---|
| Chief Economist | 1 |
| Chief Manager – Economist | 1 |
| Senior Manager – Economist | 2 |
How to Apply
- Visit the official Bank of Maharashtra recruitment portal at recruitment.bankofmaharashtra.bank.in.
- Locate the specific link for Specialist Officer recruitment 2026.
- Complete the registration process by providing basic contact and personal details.
- Log in to the portal and fill out the detailed application form with accurate educational and experience information.
- Upload scanned copies of your photograph, signature, and relevant academic or experience certificates.
- Proceed to the payment section to pay the application fee online.
- Review all entered data for accuracy before final submission.
- Download and print the submitted application form for your personal records.
Cutoff Marks
Not specified.
Application Fee
General/EWS/OBC: 1180; SC/ST/PwBD: 118. Payment must be made through the online portal.
Age Limit
Chief Economist: Max 55 years; Chief Manager: Max 40 years; Senior Manager: 25-38 years.
Selection Process
The selection process for these Specialist Officer roles is designed to evaluate both technical expertise and leadership potential. Candidates may be required to undergo an examination if the number of applicants is high. Following this, shortlisted candidates will participate in a Personal Interview or Discussion. Additionally, Group Discussions will be conducted to assess communication skills, analytical thinking, and the ability to handle complex economic scenarios in a professional banking environment.
Exam Pattern
The selection process primarily focuses on professional knowledge through interviews and group discussions. If an examination is conducted, it will cover topics related to Economics, Banking, and Financial Analysis.
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Organization
Bank of Maharashtra is a prominent public sector bank in India, established in 1935. Headquartered in Pune, Maharashtra, it operates under the ownership of the Ministry of Finance, Government of India. The bank provides a wide range of financial services, including retail banking, corporate banking, and agricultural credit. It is committed to fostering economic growth through inclusive banking practices and has a significant presence across the country, serving millions of customers with diverse financial needs.
Frequently Asked Questions
The last date to submit your online application for the Bank of Maharashtra Specialist Officer recruitment is 10th July 2026. Ensure you complete the process before this deadline to avoid any technical issues on the portal.
Candidates must possess a Post Graduation Degree in Economics with specialization in Monetary, Financial Economics, or Econometrics. A Doctorate Degree in related fields is considered a highly desirable qualification for these roles.
There are a total of 4 vacancies for Specialist Officer posts in the Bank of Maharashtra recruitment drive, which includes positions for Chief Economist, Chief Manager – Economist, and Senior Manager – Economist.
The age limit for the Senior Manager – Economist position is between 25 years and 38 years. Please refer to the official notification for any specific age relaxation rules applicable to reserved categories.
The application fee for candidates belonging to the UR/EWS/OBC categories is 1180. SC/ST/PwBD candidates are required to pay a reduced fee of 118. Payment must be completed online.
The selection process involves an examination (if required), followed by a Personal Interview or Discussion and Group Discussions. These stages are designed to assess the candidate's professional expertise and suitability for the bank's requirements.
Yes, candidates with a minimum of 3, 5, or 12 years of teaching experience as a Lecturer or Professor in Economics in a reputed college or University are eligible to apply, depending on the specific post requirements.
The Chief Manager – Economist post falls under the Scale IV pay scale, with a structure of 102300-2980/4 – 114220 – 3360/2 – 120940. This is a competitive pay scale offered by the bank.
You can apply online by visiting the official Bank of Maharashtra recruitment portal at recruitment.bankofmaharashtra.bank.in. Follow the step-by-step instructions provided on the website to complete your registration and form submission.
The Chief Economist role is on a contractual basis, whereas the Chief Manager and Senior Manager roles are permanent positions within the Bank of Maharashtra. Check the official notification for further details.
