Two objective papers
Paper 1: GA, English, Quant and Reasoning. Paper 2: the stream subjects. Qualifying only.
200marks
Understand the examSEBI Grade A, at a glance.
The Securities and Exchange Board of India recruits Assistant Managers in Grade A through two online phases and an interview. Phase I only qualifies you; Phase II and the interview decide the merit list.
When is it?
| Cycle | Notification | Applications | Phases |
|---|---|---|---|
| 2025 | 30 October 2025 | From 30 October 2025 | Phase I, Phase II, then interview |
SEBI notifications usually leave about 40 days between the notification and Phase I.
Stage by stage.
English and the stream paper
Paper 1: descriptive English. Paper 2: the stream subjects, objective. 85% of the final score.
200marks
In person
15% of the final score.
15%weight
| Paper | Type | Marks | Qualifying |
|---|---|---|---|
| Phase I, Paper 1: GA, English, Quant, Reasoning | Objective | 100 | 30% |
| Phase I, Paper 2: stream subjects | Objective | 100 | 40% (aggregate 40%) |
| Phase II, Paper 1: English | Descriptive | 100 | — |
| Phase II, Paper 2: stream subjects | Objective | 100 | — |
| Interview | — | 15% weight | — |
General stream. Phase I marks don’t count in the final merit list. A wrong answer costs a quarter of the marks.
How many seats?
56posts in 2025
General stream, as notified in October 2025. The 2025 notification had 110 posts in all: General 56, IT 22, Legal 20, Research 4, Official Language 3, Civil Engineering 3 and Electrical Engineering 2.
What it takes to get through.
Phase I has qualifying cut-offs: 30% in Paper 1, 40% in Paper 2 and 40% in aggregate. Beyond that, SEBI shortlists by merit for the number of posts and publishes the marks with each result.
What they ask.
Phase I, Paper 1
- General Awareness, with a focus on the financial sector
- English Language
- Quantitative Aptitude
- Reasoning
Stream subjects (Phase I Paper 2 and Phase II Paper 2)
- Commerce
- Accountancy
- Management
- Finance
- Costing
- Companies Act
- Economics
Phase II, Paper 1
- Descriptive English: essay, précis, comprehension
General stream. Some topics appear in two subjects, e.g. buy-back of shares in Commerce and the Companies Act: revise those twice.
What it pays.
- Pay
- Grade A pay scale and gross pay, as given in each notification
We’ll add the exact figures from the next notification.
Can you apply?
- Age
- Up to 30 years (as on the date in the notification), with relaxations for reserved categories
- Education (General)
- A master’s degree or two-year PG diploma in any discipline, or CA, CFA, CS or Cost Accountant. Check the latest notification: SEBI has been widening this
Always check the notification for the exact dates and relaxations.