The Securities and Exchange Board of India (SEBI) has released 110 vacancies for the SEBI Grade A (Assistant Manager) position for the year 2026. Aspirants looking to build a prestigious career with India's premier financial market regulator must understand the detailed recruitment guidelines, syllabus structure, and exam patterns across various streams. Candidates can also check out the official website at https://www.sebi.gov.in/ for regular notifications and updates.
To assist candidates in preparing effectively, we have compiled an exhaustive overview of the selection process, exam formats, and stream-specific syllabi. Additionally, you can download the detailed official curriculum guidelines directly via the SEBI Grade A Syllabus 2026- Download PDF.
SEBI Grade A 2026 Overview & Selection Process
The recruitment process for the SEBI Grade A position is conducted entirely in online mode and comprises three rigorous stages:
- Phase-I Online Examination: Serves as a qualifying screening test, and its scores do not count toward the final merit list.
- Phase-II Online Examination: Assesses core and descriptive competencies.
- Phase-III Interview Round: The final evaluation stage where candidates may opt for the interview round in either English or Hindi.
| Parameter | Details |
|---|---|
| Exam Conducting Body | Securities and Exchange Board of India |
| Exam Name | SEBI Grade A |
| Mode of Exam | Online |
| Category | Syllabus |
| Marking Scheme | 1 Mark for each correct answer and ¼ will be deducted for each wrong answer |
| Total Marks | Phase I- 200 Marks Phase II- 200 Marks |
| Negative Marking | ¼th mark |
| Selection Process | Phase-I Online Examination Phase-II Online Examination Phase-III Interview Round |
| Official website | https://www.sebi.gov.in/ |
SEBI Grade A Phase 1 Exam Pattern & Guidelines
Phase 1 carries a total of 200 marks divided equally between Paper 1 and Paper 2 (100 marks each). The marking scheme awards 1 mark for each correct answer and deducts 1/4th mark for each wrong answer. Paper 1 has a duration of 60 minutes (1 hour) and requires an aggregate cut-off of 40%. Paper 2 consists of Multiple-Choice Questions with a section-wise duration of 40 minutes.
| Papers | Streams | Subjects | Maximum Marks | Duration |
|---|---|---|---|---|
| Paper 1 | All Streams | Current Affairs (including financial sector questions), English Language, Quantitative Aptitude and Reasoning. | 100 | 60 minutes |
| Paper 2 | General Stream | MCQs on Commerce, Accountancy, Management, Finance, Costing, Companies Act and Economics. | 100 | 40 minutes |
| Paper 2 | Legal, Information Technology & Official Language stream | MCQs on Specialized subjects related to the stream. | 100 | 40 minutes |
| Paper 2 | Research Stream | MCQs on Economics, Econometrics, Statistics, Finance and Commerce. | 100 | 40 minutes |
SEBI Grade A Phase 2 Exam Pattern & Structure
Phase II also carries a total of 200 marks (Paper 1 and Paper 2, each 100 marks). Candidates must achieve a minimum aggregate cut-off of 50%. Paper 1 is descriptive in nature (English Test to test drafting skills) with a duration of 60 minutes (1 hour). Paper 2 consists of MCQs or a coding test (for IT), carrying a negative marking of 1/4th of the assigned marks for incorrect answers. The duration is 40 minutes for most streams and 180 minutes for Information Technology.
| Papers | Streams | Subjects | Maximum Marks | Duration |
|---|---|---|---|---|
| Paper 1 | All Streams | English (Descriptive Test) to test the drafting skills | 100 | 60 minutes |
| Paper 2 | General Stream | MCQs on Commerce, Accountancy, Management, Finance, Costing, Companies Act and Economics. | 100 | 40 minutes |
| Paper 2 | Legal & Official Language stream | MCQs on Specialized subject related to stream | 100 | 40 minutes |
| Paper 2 | Research Stream | MCQs on Economics, Econometrics, Statistics, Finance and Commerce. | 100 | 40 minutes |
| Paper 2 | Information Technology | Coding Test (Languages: C++/JAVA/Python) | 100 | 180 minutes |
Detailed Phase 1 Syllabus Checklists
SEBI Grade A Phase 1 Syllabus - English Language
- Error Spotting
- Column based Fillers and Sentence Connectors
- Paragraph Completion
- Sentence Rearrangement
- Comprehension
- Fill in the Blanks
- Passages
- Antonyms and Synonyms
- Active and Passive Voice
- Direct and Indirect Speech
- Idioms & Phrases
SEBI Grade A Phase 1 Syllabus - Reasoning Ability
- Puzzles
- Seating Arrangements
- Direction Sense
- Blood Relations
- Syllogisms
- Inequalities
- Order and Ranking
- Coding-Decoding
- Machine Input-Output
- Alpha-Numeric-Symbol Series
- Data Sufficiency
- Number System and Conversions
- Logical Reasoning
SEBI Grade A Phase 1 Syllabus - Quantitative Aptitude
- Data Interpretation
- Inequalities
- Number Series
- Approximation and Simplification
- Data Sufficiency
- HCF and LCM
- Inequality (Quadratic & Quantity based)
- Profit and Loss
- Time and work & Pipe and cistern
- Permutation, Combination & Probability
- Problem on Ages
- Work and Time
- Speed Distance and Time
- Mensuration
- Average, Ratio and Proportion
SEBI Grade A Phase 1 Syllabus - General Awareness
- Current Affairs
- Financial Awareness
- Current Affairs – National & International
- Budget
- Important Financial & Economic News
- Important Days
- International & National Organizations
- Sports
- Books and Authors
- Science – Inventions & Discoveries
- Countries & Capitals
Stream-Specific Syllabus Checklists
SEBI Grade A Syllabus for Commerce & 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
SEBI Grade A Syllabus for 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
SEBI Grade A Syllabus for Finance
- Financial System: Role and Functions of Regulatory bodies in the Financial Sector
- Financial Markets: Primary and Secondary Markets (Forex, Money, Bond, Equity, etc.), functions, instruments, and recent developments
- 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
SEBI Grade A Syllabus for 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- (a) Standard Costing, (b) Marginal Costing, (c) Budget, and Budgetary Control
SEBI Grade A Syllabus for Companies Act
- The Companies Act, 2013- Specific reference to Chapter III, Chapter IV, Chapter VIII, Chapter X, Chapter XI, Chapter XII, and Chapter XXVII.
SEBI Grade A Syllabus for Economics
- Demand and Supply, Market Structures, National Income:-Concepts and Measurement, Classical Vs 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
Legal Stream Syllabus (Phase I & Phase II)
| Phase I | Phase II |
|---|---|
|
1. Constitution of India 2. Law of Contracts 3. Criminal Law 4. Law of Evidence 5. Code of Civil Procedure 6. Administrative Law and Principles of Natural Justice 7. Jurisprudence and Interpretation of Statutes 8. Important Latin terms and maxims 9. Law of Torts and Consumer Protection Act 10. Arbitration and Conciliation Act 11. Transfer of Property Act 12. Companies Act, 2013 13. Securities Laws – SEBI Act |
1. Constitution of India 2. Law of Contracts 3. Criminal Law 4. Law of Evidence 5. Code of Civil Procedure 6. Administrative Law and Principles of Natural Justice 7. Jurisprudence and Interpretation of Statutes 8. Important Latin terms and maxims 9. Law of Torts and Consumer Protection Act 10. Arbitration and Conciliation Act 11. Transfer of Property Act,1882 12. Corporate Law- Companies Act, 2013, Ltd. Liability Partnership Act 2008, Insolvency & Bankruptcy code 13. Securities Laws – SEBI Act 14. Taxation |
Information Technology (IT) Stream Syllabus
Phase 1 IT Stream Syllabus
- Database Concepts
- SQL Queries
- Programming Concepts (Java/C C++ )
- Data Analytics Languages (Python / R)
- Algorithms for problem-solving
- Networking Concepts
- Information & Cyber Security Concepts
- Data warehousing
- Shell Programming
Phase 2 IT Stream Topic Weightage
| Topic | Concept | Language to test concepts | Weightage |
|---|---|---|---|
| Algorithms | Sorting, Searching, Greedy Algorithms, Dynamic Programming, Backtracking, Divide and Conquer, Pattern Searching | C++/JAVA/Python | 40 |
| Data Structure | Array, Linked List, Stack, Queue, Binary Tree, Indexing, Binary Search Tree, Heap, Hashing, Matrix | C++/JAVA/Python | 40 |
| String Manipulation | Length, Substring, Regex, Search | C++/JAVA/Python | 20 |
| Total | 100 |
Research Stream Syllabus Checklists
SEBI Grade A Syllabus for Research Stream - Economics
- Demand and Supply
- Market Structures
- National Income
- Determination of output and employment
- Investment Function
- Multiplier and Accelerator
- Demand and Supply for Money
- IS-LM, Inflation and Phillips Curve
- Business Cycles
- Inflation
- Monetary and Fiscal Policy
- Non-banking Financial Institutions
SEBI Grade A Syllabus for Research Stream - Public Economics
- Public Goods
- Tax & Non-Tax Revenue
- Direct & Indirect Taxes
- Progressive and Non-Progressive Taxation
- Incidence and Effects of Taxation
- Public expenditure
- Public Debt
- Public Budget
- Budget Multiplier
SEBI Grade A Syllabus for Research Stream - Statistics and Econometrics
- Measures of Central tendency & dispersions
- Correlation
- Sampling methods
- Sampling Distribution
- Statistical Inferences
- Hypothesis testing
- Regression Analysis
SEBI Grade A Syllabus for Research Stream - International Economics
- Balance of Payments
- Foreign Exchange Markets
- Role of International Financial Institutions: BIS, IOSCO, IMF & World Bank
SEBI Grade A Syllabus for Research Stream - Financial Markets
- Asymmetric Information
- Market Model
- Market Efficiency
- Primary Market
- Secondary Market
- Commodity Markets
- Mutual Funds
- Stock Exchanges
- Depositories
- Clearing Corporations
- Credit Rating Agencies
- Corporate Debt Market
- Forwards, Futures, Options, Hedging
- Speculation and Arbitrage
Official Language Stream Syllabus
- भारत सरकार की राजभाषा नीति से सम्बंधित प्रश्न (Official Language Policy of the Govt. of India)
- हिन्दी से अंग्रेजी अनुवाद [शब्द / वाक्यांश/ वाक्य / Terms / Phrases / Sentences]
- अंग्रेजी से तिन्दी अनुवाद [शब्द / वाक्यांश / वाक्य / Terms / Phrases / Sentences]
- हिन्दी से अंग्रेजी – विधिक शब्दावली (Legal Terminology)
- अंग्रेजी से हिन्दी – विधिक शब्दावली (Legal Terminology)
- हिन्दी से अंग्रेजी – प्रशासनिक/ बैंकिंग/ पूंजी बाज़ार संबंधी शब्दावली (Administrative / Banking / Capital Market Terminology)
- अंग्रेजी से हिन्दी – प्रशासनिक/ बैंकिंग/ पूंजी बाज़ार संबंधी शब्दावली (Administrative / Banking / Capital Market Terminology)
Preparation Guidelines and Next Steps
Review the comprehensive SEBI Grade A syllabus thoroughly, begin with the topics you find easiest, and consistently practice using mock tests and previous year question papers. Candidates should also review SEBI Grade A Previous year's Cut Offs to gauge target scores and benchmark your preparation levels. Once you have finalized your study schedule and completed the core subjects, check out the SEBI Grade A Mains Exam Analysis 2026 - Click to Check for expert insights, question trends, and exam difficulty evaluations.
Frequently Asked Questions (FAQs)
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