What does a SEBI Grade-A Officer do?

A SEBI Grade-A Assistant Manager works as a regulator in India's capital markets. Key responsibilities include conducting investigations into market manipulation and insider trading, reviewing IPO documents, monitoring listed companies for compliance, regulating mutual funds and intermediaries, and formulating capital market policies. SEBI officers also interact with stock exchanges (NSE, BSE) and international regulators (IOSCO). The role offers substantial public policy impact.

What are the different streams in SEBI Grade-A exam?

SEBI notifies multiple specialist streams along with the General stream. These include IT (Information Technology), Legal, Research, and Official Language streams. Each stream has a different Phase II paper tailored to the specialisation. The General stream has a Securities Market paper in Phase II along with an English paper. All streams share a common Phase I test. Specialist streams recruit significantly fewer candidates than the General stream.

What is the salary and career growth for SEBI Grade-A Officer?

A SEBI Grade-A Officer earns a basic pay of ₹28,150 per month with total CTC including allowances and benefits exceeding ₹17–20 lakh per annum. Career progression goes from Grade-A to Grade-B (Manager), Grade-C (Deputy General Manager), Grade-D, and Grade-E (Chief General Manager). Officers handling enforcement, legal, and investigation functions often have faster career growth due to the specialised and high-visibility nature of their work.

How is SEBI Grade-A Phase II structured?

Phase II consists of two papers. Paper I is a descriptive test on Securities Markets covering topics like derivatives, SEBI regulations, market microstructure, company law, and mutual funds. Paper II is an English descriptive test with comprehension passages, précis, and essay writing. Both papers are evaluated for depth of subject knowledge and quality of expression. Candidates must clear both papers to be eligible for Phase III interview.

Which books should I read for SEBI Grade-A Securities Market paper?

The NCFM (NSE Certification in Financial Markets) study material, especially the Capital Market module, is the most targeted resource. SEBI's own annual reports and enforcement orders are essential reading. NISM Study Materials (Series-I through Series-VIII) cover derivatives, equity, mutual funds, and depository operations. Prasanna Chandra's Financial Management covers corporate finance concepts. Regular reading of SEBI circulars, IOSCO reports, and business newspapers completes preparation.

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SEBI Grade-A Officer Preparation Guide

Securities and Exchange Board of India

Your Complete Preparation Guide for SEBI Grade-A Officer 2027 — strategy, study plan, tips & more.

DifficultyVery Hard

Total Marks200

Duration100 min

Start Practising Now →Free Mock Tests

Exam Overview

Mode

Online (CBT) + Descriptive + Interview

Frequency

Annual

Next Exam Date

September 2026

EEligibility Criteria

Graduate with 60%+ marks (55% for SC/ST); Age 22–30 years; CA/MBA/LLB/CFA also eligible

ANumber of Attempts

Age-limit based

Study Plan by Subject

Reasoning & Quantitative Aptitude

Week 1-4: Foundation

Core concepts & basics

Week 5-8: Deep Practice

Advanced problems & revision

Week 9-12: Mock Tests + Revision

Full-length tests & weak-area focus

Refer to official syllabus for complete topic list

English

Week 1-4: Foundation

Core concepts & basics

Week 5-8: Deep Practice

Advanced problems & revision

Week 9-12: Mock Tests + Revision

Full-length tests & weak-area focus

Refer to official syllabus for complete topic list

General Awareness

Week 1-4: Foundation

Core concepts & basics

Week 5-8: Deep Practice

Advanced problems & revision

Week 9-12: Mock Tests + Revision

Full-length tests & weak-area focus

Refer to official syllabus for complete topic list

Securities Markets

Week 1-4: Foundation

Core concepts & basics

Week 5-8: Deep Practice

Advanced problems & revision

Week 9-12: Mock Tests + Revision

Full-length tests & weak-area focus

Refer to official syllabus for complete topic list

Expert Preparation Tips

Study SEBI regulations systematically — SEBI (LODR), SEBI (ICDR), SEBI (PIT), and SEBI (AIF) regulations are frequently tested in both Phase I and Phase II.

Read SEBI enforcement orders and case studies to understand how market manipulation, insider trading, and front-running are investigated — these are common interview topics.

Solve NISM certification practice questions alongside mock tests to build capital market subject knowledge naturally.

For Phase II English, practice writing 300-word essays on capital market themes; SEBI and RBI speeches on the SEBI website provide excellent model content.

Exam Pattern at a Glance

Section	Questions	Marks	Duration (est.)
Reasoning & Quantitative Aptitude	50	50	25 min
English	50	50	25 min
General Awareness	50	50	25 min
Securities Markets	50	50	25 min
Total	200	200	100 min

Important Dates

Registration Opens

June–July 2026

Next Exam Date

September 2026

Conducted By

Securities and Exchange Board of India

Frequently Asked Questions

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