The SEBI Grade A 2025 notification is finally out, opening up 110 vacancies for the post of Assistant Manager across various streams. If you’re aiming to clear this competitive exam, the first and most crucial step is to know the SEBI Grade A Syllabus 2025 and exam pattern in detail. Having a solid grip on what’s expected in both Phase 1 and Phase 2 will help you plan smart, not just hard.
Let’s walk through everything you need to know—from exam structure to detailed subject-wise syllabus for each stream.
Overview
Before diving deep, here’s a quick summary of the SEBI Grade A 2025 exam:
| Feature | Details |
|---|---|
| Conducting Body | Securities and Exchange Board of India |
| Post | Assistant Manager (Grade A) |
| Total Vacancies | 110 |
| Exam Phases | Phase 1, Phase 2, Interview |
| Mode | Online (Phases 1 & 2) |
| Negative Marking | 1/4th per wrong answer |
| Official Website | www.sebi.gov.in |
Process
The selection process is divided into three stages:
- Phase 1 – Online Screening Test (Two Papers, 100 marks each)
- Phase 2 – Online Main Exam (Descriptive + Objective Papers)
- Phase 3 – Interview (Final Merit based on Phase 2 + Interview)
Only candidates who qualify each phase move to the next.
General
Phase 1 Exam Pattern – General Stream
| Paper | Subjects | Type | Marks | Duration | Cut Off |
|---|---|---|---|---|---|
| Paper 1 | General Awareness, Reasoning, Quant, English | MCQs | 100 | 60 mins | 30% |
| Paper 2 | Commerce, Accountancy, Management, Finance, Costing, Companies Act, Economics | MCQs | 100 | 40 mins | 40% |
Aggregate cut-off: 40%
Phase 2 Exam Pattern – General Stream
| Paper | Subjects | Type | Marks | Duration | Cut Off |
|---|---|---|---|---|---|
| Paper 1 | English | Descriptive | 100 | 60 mins | 30% |
| Paper 2 | Same subjects as Paper 2 in Phase 1 | MCQs | 100 | 90 mins | 40% |
Aggregate cut-off: 50%
Key Subjects in General Stream
- English Language: Covers comprehension, fillers, cloze test, para-jumbles, connectors, idioms, etc.
- Reasoning Ability: Puzzles, syllogism, inequalities, blood relation, coding-decoding, and series.
- Quantitative Aptitude: Includes arithmetic, data interpretation, number series, mensuration, probability, and DI types like radar, mixed charts.
- General Awareness: Covers current affairs, financial awareness, static GK, schemes, RBI & SEBI updates.
- Professional Knowledge: Deep dive into subjects like commerce, accountancy, finance, costing, economics, and the Companies Act.
Legal
Phase 1 Exam Pattern – Legal Stream
| Paper | Subjects | Type | Marks | Duration | Cut Off |
|---|---|---|---|---|---|
| Paper 1 | General subjects | MCQs | 100 | 60 mins | 30% |
| Paper 2 | Legal topics | MCQs | 100 | 40 mins | 40% |
Aggregate cut-off: 40%
Phase 2 Exam Pattern – Legal Stream
| Paper | Subjects | Type | Marks | Duration | Cut Off |
|---|---|---|---|---|---|
| Paper 1 | English | Descriptive | 100 | 60 mins | 30% |
| Paper 2 | Legal topics (Objective + Descriptive) | MCQs + Descriptive | 100 | 60 mins | 40% |
Aggregate cut-off: 50%
Syllabus for Legal Stream
- Phase 1: Indian Constitution, Contract Law, CPC, Property Law, Torts, Administrative Law
- Phase 2: Corporate Laws, Criminal Law, SEBI Acts, Insolvency Code, Securities Regulations, Evidence Law, Legal Maxims
IT
Phase 1 Exam Pattern – IT Stream
| Paper | Subjects | Type | Marks | Duration | Cut Off |
|---|---|---|---|---|---|
| Paper 1 | General subjects | MCQs | 100 | 60 mins | 30% |
| Paper 2 | IT topics | MCQs | 100 | 40 mins | 40% |
Aggregate cut-off: 40%
Phase 2 Exam Pattern – IT Stream
| Paper | Subjects | Type | Marks | Duration | Cut Off |
|---|---|---|---|---|---|
| Paper 1 | English | Descriptive | 100 | 60 mins | 30% |
| Paper 2 | Coding Test | Practical | 100 | 210 mins | 40% |
Aggregate cut-off: 50%
Syllabus for IT Stream
- Paper 2 Topics:
- Programming (C, C++, Java)
- Data Structures and Algorithms
- SQL & Database Management
- Python/R for Data Analytics
- Networking Concepts
- Cybersecurity Basics
- Data Warehousing & Shell Scripting
Research
Phase 1 Exam Pattern – Research Stream
| Paper | Subjects | Type | Marks | Duration | Cut Off |
|---|---|---|---|---|---|
| Paper 1 | General subjects | MCQs | 100 | 60 mins | 30% |
| Paper 2 | Research topics | MCQs | 100 | 40 mins | 40% |
Aggregate cut-off: 40%
Phase 2 Exam Pattern – Research Stream
| Paper | Subjects | Type | Marks | Duration | Cut Off |
|---|---|---|---|---|---|
| Paper 1 | English | Descriptive | 100 | 60 mins | 30% |
| Paper 2 | Economics, Finance & Statistics | Descriptive | 100 | 120 mins | 40% |
Aggregate cut-off: 50%
Syllabus for Research Stream
- Economics: IS-LM, Inflation, Fiscal Policy, National Income
- Finance: Financial Markets, Derivatives, Mutual Funds, SEBI Regulations
- Statistics: Hypothesis testing, Regression, Sampling, Econometrics
- Public Economics: Taxation, Budget, Public Debt
- International Economics: BoP, Forex, IMF, BIS
Official Language
Candidates applying under the Official Language stream will be tested on:
- Hindi to English Translation (and vice versa)
- Administrative and Legal terminology in both languages
- Official Language Policy of India
Knowing the syllabus in detail is the difference between guesswork and strategy. SEBI’s recruitment is rigorous, but with the right plan and subject clarity, you can stay ahead of the curve.
FAQs
How many phases are in SEBI Grade A 2025 exam?
There are three phases: Phase 1, Phase 2, and Interview.
Is there negative marking in SEBI Grade A?
Yes, 1/4th mark is deducted for each wrong answer.
What is the Phase 2 Paper II in IT stream?
It includes a coding test with practical programming tasks.
Are all streams tested on general subjects in Phase 1?
Yes, all streams have a common Paper I in Phase 1.
Is the interview in English only?
No, it can be taken in either English or Hindi.
