SEBI Grade A: Complete Guide to the Assistant Manager Exam
Last updated: 2026-11-13 · MockMentor
The Securities and Exchange Board of India (SEBI) recruits Officers in Grade A (Assistant Manager) through its own three-phase exam. Officers are hired in streams: General, Legal, Information Technology, Research, Official Language and Engineering (Electrical and Civil). The General stream is the one most finance and economics aspirants write, and it overlaps strongly with RBI Grade B.
SEBI Grade A 2026 status (13 November 2026): SEBI has not yet released the advertisement for the 2026 recruitment. The last one, for 2025, came on 30 October 2025, with Phase I on 10 January 2026 and Phase II on 21 February 2026. This guide follows that 2025 advertisement until the next one is out.
SEBI Grade A at a glance (2025 recruitment)
| Item | Details |
|---|---|
| Post | Officer Grade A (Assistant Manager) |
| Vacancies | 135 after an addendum (110 originally); 77 in the General stream |
| Age | Not above 30 years as on 30 September 2025, with relaxations |
| Qualification (General) | Master's degree or 2-year PG diploma in any discipline, or a law or engineering degree, or CA, CFA, CS or Cost Accountant |
| Selection | Phase I (screening), Phase II, interview |
| Final merit | Phase II 85% + interview 15% |
| Pay scale | ₹62,500 – 3,600 (4) – 76,900 – 4,050 (7) – 1,05,250 – EB – 4,050 (4) – 1,21,450 – 4,650 (1) – 1,26,100 |
| Gross pay at Mumbai | About ₹1,84,000 a month without accommodation (₹1,43,000 with) |
| Application fee | ₹1,000 + 18% GST (₹100 + GST for SC/ST/PwBD) |
| Streams per candidate | Up to 2 |
How selection works
- Phase I (screening): two objective papers. Paper 1 (common to all streams) covers General Awareness with financial sector questions, English, Quantitative Aptitude and Reasoning. Paper 2 is on your stream. You need 30% in Paper 1, 40% in Paper 2 and 40% overall.
- Phase II: Paper 1 is a descriptive English test of drafting skills; Paper 2 is on your stream (objective for General). Paper 1 carries 1/3 and Paper 2 2/3 weight. You need 30%, 40% and a 50% weighted aggregate. About 3 times the vacancies go to interview.
- Interview: Phase II carries 85% and the interview 15% in the final merit.
Phase I marks only decide who writes Phase II. See the full syllabus and exam pattern.
How SEBI Grade A compares with RBI Grade B
| Point | SEBI Grade A (General) | RBI Grade B (DR) General |
|---|---|---|
| Minimum qualification | Master's degree, PG diploma or professional qualification | Graduation with 60% (or post-graduation with 55%) |
| Phase II subjects | English descriptive + Commerce, Accountancy, Management, Finance, Costing, Companies Act, Economics | ESI, Finance and Management, English |
The Finance, Management and Economics parts overlap with RBI Grade B Phase 2, so our Phase 2 Finance notes and Management notes are a useful base. Accountancy, Costing and the Companies Act are SEBI-only and need separate preparation.
Guide pages
- Notification and exam dates
- Eligibility and age limit by stream
- Syllabus and exam pattern
- Salary and perks
- Vacancy by stream and category
- Cut-off: qualifying marks at each phase