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 recruitment aims to fill critical roles that support the bank's financial research, monetary policy analysis, and strategic planning functions. These positions are vital for maintaining the bank's competitive edge in the financial sector.

Key Responsibilities

  • Conducting in-depth analysis of monetary and financial trends to support institutional decision-making.
  • Preparing detailed economic reports and research papers for senior management review.
  • Monitoring global and domestic financial markets to identify potential risks and opportunities.
  • Collaborating with internal departments to provide expert insights on banking regulations and economic policies.
  • Assisting in the development of financial models to forecast economic indicators relevant to the bank's operations.
  • Representing the bank in professional forums and academic discussions related to financial economics.

Why Apply

Joining the Bank of Maharashtra offers a unique opportunity to work at the intersection of banking and economic research. Employees benefit from a professional environment that values expertise, offers competitive pay scales, and provides a platform to influence high-level strategic banking decisions.

Important Dates

  • Application Start Date: 23 June 2026
  • Application Closing Date: 10 July 2026

Quick Facts

  • Total Vacancies: 4
  • Job Type: Contractual and Permanent
  • Location: Maharashtra
  • Category: Bank Jobs

Bank of Maharashtra Specialist Officer Recruitment 2026 Overview

Registration Date
23 Jun 2026 – 10 Jul 2026
Salary
Scale III & IV Pay Scales
Vacancies
4
Eligibility
Post Graduation in Economics
Application Link

Vacancy Details

Post NameTotal Posts
Chief Economist1
Chief Manager – Economist1
Senior Manager – Economist2

How to Apply

  1. Visit the official Bank of Maharashtra recruitment portal.
  2. Locate the registration link for the Specialist Officer 2026 recruitment.
  3. Complete the initial registration to generate your login credentials.
  4. Log in and fill out the application form with accurate personal and professional details.
  5. Upload scanned copies of your photograph, signature, and relevant educational/experience certificates.
  6. Proceed to the payment gateway to pay the application fee online.
  7. Review all entered information thoroughly to ensure accuracy.
  8. Submit the final application and download a copy for your records.

Cutoff Marks

Not specified

Application Fee

  • UR/EWS/OBC: 1180
  • SC/ST/PwBD: 118
  • Payment Mode: Online

Age Limit

Chief Economist: Max 55 years; Chief Manager: Max 40 years; Senior Manager: 25-38 years.

Selection Process

The selection process for the Specialist Officer roles is designed to evaluate both technical expertise and leadership capabilities. Candidates may be required to undergo a preliminary examination to assess their domain knowledge in economics and banking.

Shortlisted candidates will proceed to a Personal Interview or Discussion round. This stage focuses on evaluating the candidate's professional experience, problem-solving skills, and suitability for the specific requirements of the bank.

Additionally, Group Discussions may be conducted to observe the candidate's communication skills and ability to work in a collaborative environment. Final selection is based on the cumulative performance across these stages.

Exam Pattern

The selection process involves an examination (if required), followed by a Personal Interview/Discussion and Group Discussions.

Latest Current Affairs (Key Points)

National Affairs
24 Aug 2026
This section covers potential developments in India's National Affairs around August 2026.Topics include government initiatives for rural development, progress on national infrastructure projects, and...
International Affairs
24 Aug 2026
Discussion on the United Nations Security Council's response to an escalating regional conflict.Report on a significant bilateral trade agreement signed between major nations.Coverage of an internatio...

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.

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. Payments must be made through the online portal.

The selection process involves an examination (if required), followed by a Personal Interview or Discussion and Group Discussions to assess the candidates' professional suitability and domain expertise for the roles.

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, depending on the specific post applied for.

The Chief Manager – Economist post falls under the Scale IV pay scale, with a structure of 102300-2980/4 – 114220 – 3360/2 – 120940. Check the official notification for detailed salary components.

The provided data does not explicitly mention age relaxation details. Candidates are strongly advised to refer to the official notification PDF for specific information regarding age relaxation for reserved categories.

The job type for the Specialist Officer positions in this recruitment drive is Contractual for the Chief Economist role, while the Chief Manager and Senior Manager roles are permanent positions.
Home Exams Jobs Current Affairs Mock Tests