SEBI Grade A (Assistant Manager) is one of the best-paid regulatory jobs in India. The next cycle is expected in early 2027, so this is the right time to start. This page brings together the pattern, syllabus, plan and all our study notes in one place.
Dates for the next cycle are expected, not official. We will update this page as soon as SEBI releases the notification.
Expected timeline (2026-27 cycle)
| Stage | Expected (not official) | Last cycle (2025-26, actual) |
|---|---|---|
| Notification | January–March 2027 | 30 October 2025 |
| Phase 1 | March–April 2027 | 10 January 2026 |
| Phase 2 | May–June 2027 | 21 February 2026 |
| Interview | July–August 2027 | – |
| Final result | Around August–September 2027 | 23 June 2026 |
Last cycle (2025-26): 135 vacancies, of which 77 were in the General stream (others: Legal 20, IT 22, Research 8, Official Language 3, Engineering 5).
Eligibility and pay (as per the last notification)
| Point | Detail |
|---|---|
| Age | Up to 30 years (relaxation: SC/ST 5, OBC-NCL 3, PwBD 10–15 years) |
| General stream | Master’s degree (2 years) in any discipline, or B.E., LLB, CA, CFA, CS or CMA |
| Starting basic pay | ₹62,500 |
| Gross pay | About ₹1.8 lakh a month without accommodation (approx) |
| Probation | 2 years |
Exam pattern
Phase 1 (screening; marks not counted in the final merit)
| Paper | Subjects | Questions | Marks | Time | Cut-off |
|---|---|---|---|---|---|
| Paper 1 | General Awareness (with financial sector), English, Quantitative Aptitude, Reasoning | 80 (20 each) | 100 | 60 min | 30% |
| Paper 2 | Commerce & Accountancy, Management, Finance, Costing, Companies Act, Economics | 50 | 100 | 40 min | 40% |
- Aggregate cut-off: 40%. Negative marking: one-fourth of the marks for each wrong answer.
Phase 2 (counts for 85% of the final score)
| Paper | Content | Marks | Time | Weight |
|---|---|---|---|---|
| Paper 1 | Descriptive English: essay, precis, comprehension (typed) | 100 | 60 min | 1/3 |
| Paper 2 | Same 6 subjects as Phase 1 Paper 2, in more depth (100 MCQs) | 100 | 90 min | 2/3 |
Interview
- About 3 times the vacancies are called.
- Final merit: Phase 2 (85%) + Interview (15%).
Syllabus at a glance (General stream, Paper 2)
| Subject | Main topics | Our notes |
|---|---|---|
| Commerce & Accountancy | Accounting principles, journal and ledger, final accounts, depreciation, ratios, cash flow | Accounting and costing basics |
| Costing | Cost sheet, marginal costing, break-even, standard costing, budgetary control | Accounting and costing basics |
| Management | Functions, planning, leadership, motivation, communication, HR, CSR | Management theories |
| Finance | Financial system, markets, instruments, derivatives, risk, Basel, corporate finance | Capital market basics, Corporate finance |
| Companies Act, 2013 | Incorporation, directors, meetings, audit, CSR, NCLT, winding up | Companies Act key sections |
| Economics | Demand–supply, national income, inflation, money and banking, fiscal policy, BoP | Indian economy basics |
| GA (Paper 1) | Current affairs, financial sector, SEBI rules | SEBI regulations series |
SEBI regulations series (must-read)
- SEBI Act, structure, SAT and intermediaries
- ICDR: IPO and public issue rules
- LODR: listing and corporate governance
- Insider trading and takeover rules
- Mutual funds, AIFs, PMS, REITs and InvITs
4-month study plan (starting now)
| Month | Focus | Target |
|---|---|---|
| Month 1 (Nov–Dec) | Accounting, costing, Companies Act basics; daily current affairs | Finish one round of the Paper 2 core subjects |
| Month 2 (Dec–Jan) | Finance, economics, management; SEBI regulations series | Finish the syllabus once; start sectional quizzes |
| Month 3 (Jan–Feb) | Paper 1 practice (quant, reasoning, English); essay and precis writing twice a week | 2 full mocks a week |
| Month 4 (Feb–Mar) | Revision; monthly RBI & SEBI policy digest; full mocks | 3 mocks a week; revise notes and mistakes |
Tips:
- Paper 2 has the highest weight in Phase 2 (two-thirds). Build it first.
- Learn SEBI’s last 12 months of board decisions; they are asked directly in GA.
- Practise typing essays: Phase 2 English is typed, not handwritten.
Practice
Related reading
Pattern and eligibility are as per the last notification (2025-26 cycle) as reported. Always check the official notification on sebi.gov.in.
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