SEBI Grade A 2024 Exam Date Announced for 97 Assistant Manager Posts
The Securities and Exchange Board of India (SEBI) has officially released the SEBI Grade A Notification 2024, announcing a recruitment drive for 97 vacancies for Assistant Manager posts. As per the notification, the candidates who have applied for the SEBI Grade A vacancy will have to appear for the Phase 1 Examination, scheduled to be held on 27th July 2024 (Saturday).
Overview of SEBI Grade A Recruitment 2024
The Securities and Exchange Board of India (SEBI) is a regulatory body established by an Act of Parliament. Its primary mandate is to protect the interests of investors in securities and to promote the development and regulation of the securities market. For the financial year 2024-25, SEBI has announced a recruitment drive for 97 Assistant Manager (Grade A Officer) positions across various streams. This article provides a detailed overview of the recruitment process, eligibility criteria, important dates, and other pertinent information regarding SEBI Grade A Recruitment 2024.
SEBI Grade A Recruitment Highlights
SEBI has announced 97 vacancies for the position of Assistant Manager (Grade A) across multiple streams. The recruitment process consists of three phases: Phase I (Online Screening Examination), Phase II (Online Examination), and Phase III (Interview Round). The Phase I Examination is scheduled for 27th July 2024. Here are some key highlights of the recruitment process:
- Organization: Securities and Exchange Board of India (SEBI)
- Post Name: Assistant Manager (Grade A)
- Total Vacancies: 97
- Application Mode: Online
- Exam Level: National
- Selection Process: Phase I, Phase II, Phase III
- Salary: Rs. 44,500/- (Basic)
- Probation Period: 2 years
- Official Website: SEBI Official Website
SEBI Grade A Important Dates
The SEBI Grade A Notification 2024 outlines the timeline for the recruitment process. The online application process commenced on 11th June 2024 and concluded on 30th June 2024. The admit cards for the Phase I Examination are expected to be released in the second week of July 2024. The Phase II Examination (except Paper 2 of the Information Technology Stream) is scheduled for 31st August 2024, while Paper 2 of the Information Technology Stream will be held on 14th September 2024.
SEBI Grade A Notification 2024
The SEBI Grade A Notification 2024 provides detailed information regarding the recruitment drive, including the stream-wise distribution of vacancies, eligibility criteria, pay scale, and other relevant details. The notification is available for download on the SEBI official website.
SEBI Grade A Vacancies 2024
The 97 vacancies announced under the SEBI Grade A Notification 2024 are distributed across various streams as follows:
- General Stream: 62 vacancies
- Legal Stream: 5 vacancies
- Information Technology Stream: 24 vacancies
- Engineering Electrical Stream: 2 vacancies
- Research Stream: 2 vacancies
- Official Language Stream: 2 vacancies
Eligibility Criteria
The eligibility criteria for the SEBI Grade A Assistant Manager post vary based on the stream. The following are the educational qualifications required for each stream:
- General Stream: Master's Degree/Post Graduate Diploma (minimum two years’ duration) in any discipline, Bachelor's Degree in Law, Bachelor's Degree in Engineering, or Chartered Accountant/Chartered Financial Analyst/Company Secretary/Cost Accountant.
- Legal Stream: Bachelor's Degree in Law from a recognized University/Institute, with two years of post-qualification experience as an Advocate.
- Information Technology Stream: Bachelor's Degree in Engineering in any branch or a Bachelor's Degree in any discipline with a postgraduate qualification (minimum two years’ duration) in Computer Science/Computer Application/Information Technology.
- Engineering Electrical Stream: Bachelor's Degree in Electrical Engineering with experience in electronic systems and maintenance of lifts, pumps, air-conditioning plants, etc.
- Research Stream: Master's Degree/Post Graduate Diploma (minimum two years’ duration) in Economics, Commerce, Business Administration, Econometrics, Quantitative Economics, Financial Economics, Mathematical Economics, Business Economics, Agricultural Economics, Industrial Economics, Business Analytics, Finance, Quantitative Finance, Mathematical Finance, Statistics, Data Science, Artificial Intelligence, Machine Learning, Big Data Analytics, or related fields.
- Official Language Stream: Master's Degree in Hindi/Hindi Translation with English as a subject at the Bachelor’s Degree level, or Master's Degree in Sanskrit/English/Economics/Commerce with Hindi as a subject at the Bachelor’s Degree level.
Age Limit
The maximum age limit for candidates applying for the SEBI Grade A Recruitment 2024 is 30 years as of 31st March 2024, meaning the candidate must have been born on or after 1st April 1994. There are age relaxations for various categories as per the following:
- SC/ST: 5 years
- OBC (Non-Creamy Layer): 3 years
- Persons with Disabilities (General): 10 years
- Persons with Disabilities (SC/ST): 15 years
- Persons with Disabilities (OBC): 13 years
- Ex-Servicemen/Disabled Ex-Servicemen: 5 years
SEBI Grade A Application Process
Candidates who meet the eligibility criteria can apply online for the SEBI Grade A Recruitment 2024 through the official website. The application process involves filling out the application form and paying the application fee. The application fee for Unreserved/OBC/EWS candidates is Rs. 1000/- plus 18% GST, while for SC/ST/PwBD candidates, it is Rs. 100/- plus 18% GST.
SEBI Grade A Selection Process
The selection process for SEBI Grade A Assistant Manager involves three stages:
- Phase I: Online Screening Examination (Qualifying in nature)
- Phase II: Online Examination
- Phase III: Interview Round
Phase I Exam Pattern
The Phase I Examination consists of two papers. Paper 1 is mandatory for all candidates across all streams, while Paper 2 varies based on the stream. Paper 1 includes sections on General Awareness (including questions related to the Financial Sector), English Language, Quantitative Aptitude, and Test of Reasoning. Paper 2 includes multiple-choice questions on specialized subjects related to the stream. There is a negative marking of 0.25 marks for each incorrect answer. The cut-off for Paper 1 is 30%, and for Paper 2, it is 40%.
Phase II Exam Pattern
The Phase II Examination is more specialized, with Paper 2 focusing on subjects relevant to the chosen stream. The detailed syllabus and exam pattern for Phase II are available on the SEBI official website.
SEBI Grade A Salary 2024
The basic salary for SEBI Grade A Assistant Manager is Rs. 44,500, with a pay scale of Rs. 44500-2500 (4)-54500-2850 (7)-74450-EB-2850 (4)-85850-3300 (1)-89150 (17 years). The net salary varies depending on whether accommodation is provided. The approximate net salary without accommodation is around Rs. 1,15,000, while with accommodation, it is around Rs. 80,500. The gross emoluments include contributions towards the National Pension Scheme (NPS), Grade Allowance, Special Allowance, Dearness Allowance, Family Allowance, and Local Allowance.
SEBI Grade A Previous Year Cut Off
Understanding the cut-off trends can help candidates strategize their preparation. The cut-off marks for the SEBI Grade A Phase II Examination in 2020 were as follows:
- General Stream: 69.24 (UR), 59.58 (EWS), 62.26 (OBC), 59.58 (SC), 54.88 (ST)
- Legal Stream: 71.07 (UR), 61.79 (EWS), 59.80 (OBC), 58.07 (SC)
- Information Technology Stream: 84.67 (UR), 80.00 (EWS), 65.20 (OBC), 66.06 (SC)
- Research Stream: 69.67 (UR), 52.76 (SC)
Conclusion
The SEBI Grade A Recruitment 2024 is a significant opportunity for aspirants looking to build a career in the securities market regulatory framework. With 97 vacancies for Assistant Manager positions across various streams, SEBI offers a promising career path with attractive remuneration and growth prospects. Candidates are advised to carefully review the eligibility criteria, important dates, and exam patterns to prepare effectively for the upcoming examinations. For more details and to download the official notification, visit the SEBI official website.