SEBI Grade A

SEBI Grade A

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SEBI Grade A Job Profile, Syllabus, Exam Pattern, Mock Test, Books, Preparation Strategy and Eligibility Criteria

Topics Covered: SEBI Grade A Job Profile, Selection Criteria, Exam Pattern (Prelims, Mains & Interview), SEBI Grade A Syllabus (Phase 1 & Phase 2), Preparation Strategy, Best Books for SEBI Grade A, Eligibility Criteria, & Mock Tests

This blog will provide you with complete information about SEBI Grade A in a brief and systematic manner.

SEBI offers a fulfilling career with lots of opportunities to grow in life and career. By clearing SEBI Grade A, you would be working as a government employee in one of the best government organisations of India that is well known all over the country. SEBI is a statutory regulatory body to protect the interests of investors in securities, to promote the development of and regulate the securities market.

Realizing the post of Assistant Manager by clearing SEBI Grade A is not easy but one can achieve it with due hard work and planning.

You can crack SEBI Grade A. How? Be thorough with the SEBI Grade A syllabus and exam pattern, cover the right books, get to know your shortcomings and strengths through mock tests. Here we will give you all that you need to take your step forward in the preparation of SEBI Grade A. 

Let's get started with the preparation, with a detailed analysis of the syllabus and the exam pattern and all the information that you need to know about SEBI Grade A.

Exam Name SEBI Grade A
Post Assistant Manager
Organization Securities and Exchange Board of India (SEBI)
Exam Type Online Examination
Selection Process Phase 1 (Preliminary Exam)
Phase 2 (Mains exam) 
Phase 3 (Interview)
Pay Scale Rs. 28150-55600
Category Government Job

The first question that comes to mind is - What is the Job Profile of SEBI Grade A?

SEBI Grade A is an exam with different streams – you can apply for General, Legal, Civil, Electrical, Information Technology, Research, and Official Language. After clearing the SEBI Grade A you get selected as an Assistant Manager and can be assigned to the particular department with special functioning. 

The work of SEBI is monitoring and regulating the Indian capital and securities market while ensuring to protect the interests of the investors, formulating regulations and guidelines. 

SEBI has its head offices in Mumbai and regional offices in four other places such as Delhi, Kolkata, Chennai, and Ahmadabad and then there are many local offices in different states. Generally, after recruitment, the candidate gets posted to SEBI head office in Mumbai. SEBI officers are not posted in any rural areas.

Career Growth: - Candidates joining as Assistant Manager can be promoted to the Board members position which depends on the continuous performance in the organization and the interview for the promotion occurring in 3 to 5 years. The career growth of candidates selected through SEBI Grade A exam is given below:

Grade A

Grade B

Grade C

Grade D

Grade E

Grade F

Executive Director

Board Member

What is the Salary and Career Progression for SEBI Grade A Officer?

SEBI offers handsome payrolls.

Pay Scale

  • Basic pay of ₹28,150/-p.m. in the pay scale of Rs. 28150-55600. 
  • Officers will also be eligible for Dearness Allowance, Local Allowance, House Rent Allowance, Family Allowance, and Grade Allowance as per rules in force.
  • At present, initial monthly gross emoluments are at the minimum of this scale is approx. Rs. 1,07,000/- p.m. without accommodation and Rs.73,000/- p.m. with accommodation provided by SEBI.


  • Residential accommodation, subject to availability
  • Newspaper, Telephone charges, Book grant, allowance for furnishing of residence, Eye Refraction, Education Allowance, Financial Dailies, Book Grant, Briefcase, Conveyance Expenses, House Cleaning Allowance, Staff Furnishing Scheme, Scheme for Purchasing Computers, Subsidized Lunch Facility as per eligibility and all other benefits as admissible to an Officer in Grade A in SEBI.
  • Free dispensary facility besides reimbursement of medical expenses for OPD treatment/hospitalization as per eligibility.
  • Leave Fare Concession

What is the eligibility for SEBI Grade A Examination?

Eligibility criteria for SEBI Grade A examination are as follows:

Age Limits 

a. A candidate must not have exceeded the age of 30 years.

Relaxation in (Upper) Age limit

b. The upper age limit prescribed above will be relaxable for SC, ST and OBC:

i. up to a maximum of five years for candidates belonging to a Scheduled Caste or a Scheduled Tribe if the posts are reserved for them;

ii. up to a maximum of three years in the case of candidates belonging to Other Backward Classes who are eligible to avail of reservation applicable to such candidates if the posts are reserved for them;

c. Only those candidates belonging to 'Non-Creamy Layer' are eligible to apply under OBC Category. The OBC candidates who belong to 'Creamy Layer' are not entitled to apply under OBC Category. They should indicate their category as ‘Unreserved’. Candidates belonging to the OBC (NCL) category should have an OBC (NCL) certificate issued earlier than the due date (closing date) of the application.

d. Relaxation of 10 (ten) years for PwBD candidates shall be applicable whether the post is reserved or not. Relaxation of 13 (thirteen) years for PwBD (OBC) candidates where vacancies are reserved for OBC candidates. Relaxation of 15 (fifteen) years for PwBD (SC/ST) candidates where vacancies are reserved for SC/ST candidates.


e. Relaxation of 5 (five) years for Ex-servicemen. Ex-servicemen include Emergency Commissioned Officers/Short Service Commissioned Officers, who have rendered at least five years continuous Military Service and have been released a) on completion of assignment (including those whose assignment is due to be completed within one year from February 29, 2020) otherwise than by way of dismissal or discharge on account of misconduct or inefficiency or b) on account of physical disability physical disability attributable to Military Service or c) on invalidment. Emergency Commissioned Officers/Short Service Commissioned Officers who have completed their initial period of assignment of five years of Military Service but whose assignment has been extended beyond five years and in whose case the Ministry of Defence issues certificates that they would be released on selection within three months from the date of receipt of offer of appointment.


f. Candidates belonging to the Scheduled Castes and the Scheduled Tribes and the Other Backward Classes who are also covered under the category of Persons with Benchmark Disabilities and Ex-servicemen will be eligible for grant of cumulative age-relaxation.

Where there is no vacancy reserved for OBC/SC/ST category candidates, such candidates can still apply. However, they will not be eligible for any relaxations. SC/ ST candidates are exempt from payment of application fee even in such case but will have to pay specified intimation charges. OBC/ PwBD candidates should possess a latest certificate to this effect issued by the Competent Authority in the prescribed Format (formats are available on the SEBI website).

Minimum Education Qualification for SEBI Grade ‘A’ for all Streams–

General Stream – Master’s Degree in any discipline, Bachelors’ Degree in Law, Bachelors’ Degree in Engineering from a recognized university, CA /CFA / CS / Cost Accountant.

Legal Stream - Bachelor’s Degree in Law from a recognized University / Institute. 

Information Technology - Bachelor’s Degree in Engineering (Electrical / Electronics / Electronics And Communication / Information Technology / Computer Science) OR Masters in Computers Application OR Bachelor’s Degree in any discipline with a post graduate qualification (minimum 2 years duration) in Computers / Information Technology.

Engineering (Civil) - Bachelor’s Degree in Civil Engineering from a recognized University / Institute.

Engineering (Electrical) - Bachelor’s Degree in Electrical Engineering from a recognized University / Institute.

Research - Master’s Degree in Statistics / Economics / Commerce / Business Administration (Finance) / Econometrics from a recognized University / Institute.

Official Language - Master’s Degree in Hindi with English as one of the subjects at Bachelor’s Degree level or Master’s Degree in Sanskrit / English / Economics / Commerce with Hindi as a subject at Bachelor’s Degree level from a recognized University / Institute.

The responsibility to provide necessary document in this regard shall be on the candidates.

Candidates are permitted to apply for maximum of 2 streams only for which he/she is eligible to apply, as per their educational qualifications. Separate on-line application for each stream will have to be submitted and requisite fees are to be paid for each application.

How can I get Selected in SEBI Grade A?

The selection of the Assistant Managers for SEBI through the SEBI Grade A is through 3 Phases:

1.   Phase 1 Examination (Preliminary exam)

2.   Phase 2 Examination (Mains exam)

3.   Phase 3 Examination (Interview)

Phase 1 will only help you in getting to Phase 2. It is just a screening test i.e., the marks you obtain in Phase 1 will not be counted in the final selection. 

So, work hard in clearing Phase 1 but remember you have limited time so focus on clearing Phase 1 rather than achieving the maximum marks. 

When the candidate clears the cutoff of Phase 1 (preliminary exam), the candidate goes to phase 2.

Moving to the Phase 2 and Interview: Remember to focus on doing your best, achieving the maximum marks, as the combined marks of Phase 2 and Interview decides your final selection.

The final Selection list is made available on the official SEBI website within 2-3 weeks after SEBI Interview.

After understanding the basic process of selection, you must be thinking about what comes in all of these phases- what subjects to study, how much marks they carry. Don’t worry. Let's talk about the pattern of the exam, understanding all of these Phases individually.

SEBI Grade A Exam Pattern 

Phase 1 and Phase 2 exams are conducted online. You will be assigned a center and you will get a computer to give your exam on. 

Phase 1 (Preliminary) Examination Details:

The Phase 1 examination or the preliminary examination consists of 2 papers of 100 marks each.

Preliminary Examination Structure for Grade A:

Paper Streams/Subjects Number of Questions Maximum Marks Duration Cut off
Paper 1 All Streams: Multiple choice questions on the subjects viz. General Awareness (including some questions related to Financial Sector of easy to moderate difficulty level), English Language, Quantitative Aptitude and Test of Reasoning 80 (20 Questions from each subject) 100 (25 marks for each subject) 60 minutes 30%
Paper 2 General Stream: Multiple choice questions on subjects- Commerce, Accountancy, Management, Finance, Costing, Companies Act and Economics.

Legal, Information Technology, Engineering Stream (Civil & Electrical), Official Language stream: Multiple choice questions on Specialized subject related to stream.

Research Stream: Multiple choice questions on subjects Economics, Econometrics, Statistics, Finance and Commerce.
50 100 40 minutes 40%
Aggregate Cut off 40%

i) There shall be negative marking (1/4th of marks assigned to the question) for Paper 1 and Paper 2 in Phase I.

ii) There shall be a cut-off of minimum 30% for Paper 1 (no sectional cut-off shall be there) and a cut-off of minimum 40% for Paper 2 in Phase I.

iii) Candidates would need to secure separate cut-off in each paper as mentioned at (ii) above as well as aggregate cut-off marks of 40% in Phase I exam to be shortlisted for Phase II. Marks obtained in Phase I shall be used only for shortlisting the candidates for Phase-II examination process and will not be counted for the final selection of the candidates.

iv) Subject to the criteria mentioned at (iii) above, all the candidates who clear Phase I shall be shortlisted for Phase II. List of candidates shortlisted for Phase II will be made available on SEBI website.

Phase 2 (Mains Exam) Examination Details:

The marks you obtain in this phase as well as in interview is taken in consideration in making the final selection list. You need to score as high as possible in Phase 2 as it has higher weightage.

The Phase 2 examination of SEBI Grade A consists of 2 papers of 100 Marks each.

Mains Exam Test Structure for Grade A -

Paper Streams/Subjects Maximum Marks Duration Cut off Weightage
Paper 1 All streams: English (Descriptive Test) to test the drafting skills 100 60 minutes 30% 1/3rd
Paper 2 General Stream: Multiple choice questions on Subjects- Commerce, Accountancy, Management, Finance, Costing, Companies Act, and Economics.

Legal, Engineering Stream (Civil & Electrical) and Official Language stream: Multiple choice questions on Specialized subject related to the stream.

Research Stream:- Multiple choice questions on subjects Economics, Econometrics, Statistics, Finance and Commerce.
100 40 minutes 40% 2/3rd
Aggregate Cut off 40%

i)                  If you get shortlisted for Phase ll, you will get new hall tickets.

ii)                Paper 2 will be conducted in various shifts, the timings of which will be intimated in the hall ticket so if you have applied in multiple streams, no need to worry.        

iii)              There shall be negative marking (1/4th of marks assigned to the question) for Paper 2 in Phase II (except IT stream for which details are not yet announced).

iv)               There shall be a cut-off of minimum 30% for Paper 1 and a cut-off of minimum 40% for Paper 2 in Phase II.

v)                 Candidates would need to secure separate cut-off in each paper as mentioned at (iv) above as well as aggregate cut-off marks of 40% in Phase II exam (weightage of 1/3rd for Paper 1 and 2/3rd for Paper 2) to be shortlisted for Phase III.

vi)              Subject to the criteria mentioned at (v) above, candidates equaling 3 times the number of vacancies shall be shortlisted, in order of merit, for Phase III i.e. the Interview. List of candidates shortlisted for Interview will be made available on SEBI website.

vii)        All question papers (in both the Phases, except the test of English) are set bilingually in Hindi and English. 

Phase 3 (Interview) Details:

What happens after you clear Phase 2 of SEBI Grade A, you need to get ready for the interview. The interview is the third and the last stage in the SEBI Grade A selection process.

What happens in the interview?

The shortlisted candidates are called for interview. Candidate may opt for interview either in Hindi or English. Weightage of marks obtained in Phase II will be 85%, while marks obtained in interview shall be given a weightage of 15%.

Analysing the previous year interviews by talking with the candidates, the 15% weightage can be divided as giving 6% weightage to the knowledge of the candidate about SEBI, the functions of SEBI and other technical information while 6% is the weightage of the communication skills of the candidate i.e., how well you can communicate your answer and opinion to the panel and the 3% is in the discretion of the panel whatever they think is appropriate to ask considering SEBI.

Whatever you are writing in your resume, that is your background, can be questioned as well as whatever you answer can be a source of further questions.

Technical information and Knowledge is important in the interview phase too. 

 (Here is a link to one of the candidates who cleared the SEBI Grade A exam.)

The final selection and ranking of the applicants for the post of Assistant Manager in SEBI Grade ‘A’ will be based on their performance in the Phase-II Main Examination and Interview, taken together. 

When you clear all three phases including the Phase 3 i.e., the interview, you will be called to show up for the medical trial which will be the final step in your journey of clearing SEBI Grade A and achieving the dream of being an officer in SEBI. 

SEBI Grade A Syllabus 

After understanding the pattern you need to focus on the syllabus so that while preparing you can stick to the syllabus and clear the exam as soon as you can.

We are providing you the detailed analysis of the syllabus in easy words with all the topics and sub topics, so that you do not get confused in the syllabus.

Detailed syllabus for Phase 1 and Phase 2 of SEBI Grade A examination is as given below:

SEBI Grade A Phase I Syllabus

Paper 1

Exact syllabus for SEBI Grade A Phase 1 is not provided in notification. The below topics have been listed on the basis of analysis of previous year papers of SEBI Grade A examination.

SEBI Grade A Paper 1 of Phase I syllabus has 4 components with similar topics as in NABARD and RBI.

You have to score 30% in total to clear this level and the good news is Phase I is only a screening test so if you are not good in quantitative aptitude, just focus on the other sections and achieve 30%.

Name of Section Topics Asked
Reasoning Ability Alphanumeric series
Coding and Decoding
Direction Sense
Ranking and Order
Blood Relation
Puzzles and Seating arrangement
Questions based on Statements
Questions based on Data Sufficiency
Quantitative Aptitude Ratio and Proportion
Profit and Loss
Simple and Compound Interest
Questions on Average, Age
Time and Work
Pipes and Cistern
Time and Distance
Mixture and Allegation
Questions on Series and Quadratic equation
Mathematical Inequalities
Number Series
Data Interpretation
Quantity Comparisons
English Language Grammar
Error Spotting
Sentence Improvement
Comprehension Ability
Comprehension passage
Cloze test
Para jumbles
Double Fillers
Vocabulary - Synonyms, Antonyms, One-word Substitution, Phrasal Verbs
General Awareness National News: MoUs, summits and major events related to India.
International: Summits, Conferences held abroad.
Financial & Economics News
Financial Awareness
Defence: Military exercises, drills and major updates related to the defence sector of India
Days in News: Major events or days, along with its date, and theme
Persons in News: Obituaries, appointments, retirements
Sports: Major tournaments and its winners
Science, Technology and Space
Awards and honours
Banking, Economy and Schemes
Books and Authors
Static GA: Chief Ministers and Cabinet Ministers, National Parks and Sanctuaries, Organisations' Headquarters, Banks' Headquarters and Taglines, Power Plants in India, Indian Dance Forms, Countries' Capitals and their Currencies.

Here is the analysis provided by the EduTap team where you can see the topics that came in Phase I Paper 1 of the previous year paper of 2020. Click HERE

SEBI Grade A Phase 2 Syllabus

Paper 1 English (Writing Skills)

English Descriptive paper is Paper 1 of Phase 2 which is framed in a manner to test your writing skills, the understanding of the topic as well as how you perceive the topic and the expressions you use. Questions are asked under the following topics:

1.   Essay 

2.   Reading Comprehension 

3.   Précis writing 

SEBI Grade A Phase I and II 

Paper 2 Syllabus 

There are 6 Sections in the Paper 2 of Phase I and Phase II which are equally important for clearing the SEBI Grade A examination and becoming SEBI Officer.

All the sections are given in the detailed manner with all the topics. Stick to the syllabus only; do not deviate from it as it will cost you your precious time and effort. 

Name of Section Topics Asked
Commerce and Accountancy Accounting as a financial information system
Accounting Standards with specific reference to Accounting for Depreciation, Inventories, Revenue Recognition, Fixed Assets, Foreign Exchange Transactions, Investments.
Cash Flow Statement, Fund flow statement, Financial statement analysis; Ratio analysis;
Accounting for Share Capital Transactions including Bonus Shares, Right Shares.
Employees Stock Option and Buy-Back of Securities
Preparation and Presentation of Company Final Accounts
Management Management: its nature and scope; The Management Processes; Planning, Organization, Staffing, Directing and Controlling
The Role of a Manager in an Organization. Leadership: The Tasks of a Leader
Leadership Styles; Leadership Theories; A successful Leader versus an effective Leader.
Human Resource Development: Concept of HRD; Goals of HRD;
Motivation, Morale and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining morale; Role of Incentives in Building up Morale.
Communication: Steps in the Communication Process; Communication Channels; Oral versus Written Communication; Verbal versus non-verbal Communication; upward, downward and lateral communication; Barriers to Communication, Role of Information Technology.
Finance Financial System - Role and Functions of Regulatory bodies in Financial Sector.
Financial Markets - Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, recent developments.
General Topics -
Basics of Derivatives: Forward, Futures and Swap
Recent Developments in the Financial Sector
Financial Inclusion- use of technology
Alternate source of finance, private and social cost-benefit, Public-Private Partnership
Direct and Indirect taxes; Non-tax sources of Revenue, GST, Finance Commission, Fiscal Policy, Fiscal Responsibility and Budget Management Act (FRBM),
Inflation: Definition, trends, estimates, consequences, and remedies (control): WPI, CPI - components and trends.
Costing Overview of Cost and Management Accounting - Introduction to Cost and Management Accounting, Objectives and Scope of Cost and Management Accounting.
Methods of Costing - Single Output/ Unit Costing, Job Costing, Batch Costing, Contract Costing, Process/Operation Costing, Costing of Service Sectors.
Basics of Cost Control and Analysis - (i) Standard Costing, (ii) Marginal Costing, (iii) Budget and Budgetary Control
Lean System and Innovation:-
Introduction to Lean System
Just-in-Time (JIT)
Kaizen Costing
5 Ss
Total Productive Maintenance (TPM)
Cellular Manufacturing/ One-Piece Flow Production Systems
Six Sigma (SS)
Introduction to Process Innovation and Business Process Re-engineering (BPR)
Companies Act The Companies Act, 2013 – Specific reference to Chapter III, Chapter IV, Chapter VIII, Chapter X, Chapter XI, Chapter XII and Chapter XXVII.
Economics Demand and Supply, Market Structures, National Income: Concepts and Measurement, Classical & Keynesian Approach Determination of output and employment, Consumption Function, Investment Function, Multiplier and Accelerator, Demand and Supply for Money, IS – LM, Inflation and Phillips Curve, Business Cycles
Balance of Payments, Foreign Exchange Markets, Inflation, Monetary and Fiscal Policy, Non-banking, Financial Institutions.

For the Syllabus of specialized subject: Click Here

SEBI Grade A Books

The syllabus contains many different subjects and aspects which get a little troublesome for the candidates to search. What sources and books to follow? You do not need to worry as we will provide it all to you.

Phase 1 Books and Sources

Paper 1 

Quantitative Aptitude Quantitative Aptitude by Dr. R.S. Aggarwal
Arihant Publications
Reasoning Ability Verbal and Non-Verbal Reasoning by Dr. R.S. Aggarwal
Kiran’s tricky approach
English Language For Grammar- Lucent's or General English by SP Bakshi
For Vocabulary- Word power made easy by Norman Lewis
For practice- Previous Year papers
General Awareness (GA) Current Affairs Monthly PDF
General Awareness (GA) Static Arihant publications

Paper 1 of Phase 2 is descriptive English. Reading editorials of the newspapers will help you to frame a better answer.

Phase 1 and Phase 2 Books and Sources

Paper 2 

Costing Modern Cost and Management Accounting by M Hanif
Cost Accounting-Principles and Practice by MN Arora
Study Material by The Institute of Cost Accountants of India
Company Law Books by authors on company law have old data in some sections
Refer Bare Act –
Management Principles and Practice of Management by LM Prasad
Principles and Practice of Management by T.N. Chhabra
Human Resource Management by LM Prasad
Economics Macroeconomics Theory and Policy by HL Ahuja
Principles of Microeconomics by HL Ahuja
Commerce and Accounts NCERT Class 11th and 12th Books on Class 11th and 12th by T.S. Grewal and D.K Goel
Student’s Guide to Accounting Standards by Dr. D.S. Rawat
ICAI Module (Intermediate) for Bonus shares, Right shares, ESPOS and Buy back
SEBI Regulations
Finance Indian Financial System by Bharati V. Pathak
Indian Economy by Ramesh Singh

Do not follow too many sources as it can get confusing and time-wasting. Stick to the basic sources.

Watch this video to know which topic to cover from where with in-depth analysis of the topics.

Click Here. 

For English Descriptive part reading newspapers and editorials are important as it improves your vocabulary and gives ideas while writing essay in exam.

Previous year question papers of SEBI Grade A Examination

We have made these question papers available for you in PDF format. You can click on the below links and download the previous year question papers of SEBI Grade A.

Previous Cut Off

SEBI Grade ‘A’ recruitment exercise 2020

For General Stream 

69.24 62.26 59.58 59.58 54.88 52.65 61.13 52.05

To see the Minimum marks secured by the last selected candidate of other streams: Click HERE

How to Apply?

Candidates are required to apply On-Line through the website and no other mode of application will be accepted. Candidates need not submit the system generated print out of the ON-LINE application to SEBI's office.


A. Application Registration

B. Payment of Fees

C. Uploading of Photograph

D. Uploading of Signature, Left Thumb impression and Handwriting declaration

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Mr. Johnson

Got selected sir. Thanks a lot to team EduTap without whom this would have been impossible. 

Mr. Pranjal Bansal

With reference to the SEBI Grade A - General Stream recruitment, I am immensely pleased to inform you that I am part of the final list. Thanks a lot for all your support since inception. 

Mr. Kaushal Khandelwal

I have been selected as a SEBI Gr A Officer. EduTap has been a big part of my preparation. 

Mr. Raunak Lakra

I have been selected as a SEBI Grade A officer, and I cannot thank you and your whole team enough for the contribution that it played in my success. 

Mr. Rushikesh Bhopatrao

First of all I would like to thank the entire EduTap team for your constant support and motivation. Overall content provided by EduTap course was very very useful for me during my preparation. 

Mr. Rahul Reghu K

I am extremely happy to share that i have been selected as a SEBI Grade A officer. Thank you for your invaluable inputs and guidance at all stages of the selection process. 

Mr. Sunil Kumar Murmu

I have been selected in the final merit list of SEBI Grade A. It has been an overwhelming journey. But thanks to EduTap for helping me clear this. Guidance from every teacher of Edulap really helped me land this job. 

Mr. Divakar Pandey

I got selected in SEBI Grade A 2020 

Mr. Sarvesh Kanojia

Thanks a lot EduTap. With your support and guidance I made it in the final list . 

Mr. Raunak Lakra

I have been selected as a SEBI Grade A officer, and I cannot thank you and your whole team enough for the contribution that it played in my success. 


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