Introduction
Banking sector offers one of the most lucrative careers in any country. SEBI Exam FAQ lists some of the frequently asked questions by the aspirants of banking sector recruitments.
FAQ
Q1.What is the strategy for the upcoming SEBI exam?
The Securities and Exchange Board of India is abbreviated as SEBI, conducts an exam for the position of Assistant Manager. The exam is divided into two phases followed by an Interview process. The difficulty level of the SEBI exam is quite similar to that of the RBI exam. It is one of the elite banking exams which offers approximately 92,000 (with accommodation). A handsome salary package with a lot of perks is enough to attract a lot of aspirants. Let’s have a look at the pattern of the exam and then work on the strategy.
A pattern of Phase I SEBI exam
Strategies for the Phase I SEBI exam
Reading newspapers and keeping a check on grammar will help you to clear your English language as well as the General Awareness section of the exam.
Practice a lot of question for succeeding in Quantitative Aptitude and Verbal Reasoning. Follow tricks and shortcuts wherever required.
A pattern of Phase II SEBI exam
Strategies for the Phase II SEBI exam
a) Check out the official syllabus of Securities Law, Securities Market, Finance Sector, Economic and Social Issues. Reading a newspaper daily will give you regular updates on these sectors.
b) Practice and revision of all the subjects help to solve the exams in a better way. As you might not be able to remember but the revision will give you a clear aspect of everything you have studied for your exams.
c) Follow some good books and websites for the mock test which will sharpen your mind and assist you to analyze your weak areas.
Books for SEBI exam:
SEBI Grade A Officer Phase I And Phase II Paper 1 by Ankit Agarwal
SEBI Assistant Manager (General) Exam Solved Papers & Practice Tests 2018 by Wiley Publication
It’s high time to gear up for your exams and don’t forget to eat well and exercise more because that will not only help you physically but also boost your mental strength. Keep up your spirits high!
| Topics in the exam | Maximum Marks |
|---|---|
| English Language | 40 Marks |
| logical Reasoning | 40 Marks |
| Quantitative Aptitude | 40 Marks |
| General Awareness | 40 Marks |
| Stream | Section of the exam | Maximum Marks |
|---|---|---|
| General | Paper I: Security Market Paper II: English Language Paper III: Economic and Social issues and Finance and Management | 100 Marks |
| Engineering IT/ Legal | Paper 1: Financial Sector Paper 2: English Language Paper 3: Specialize Subject Board | 100 Marks |
1. Which is better SEBI grade A or RBI grade B?
Reserve Bank of India (RBI) is the central banking authority of India and is one of the most recognized central autonomous body. The jobs of the RBI is to determine the rates used in the finance and banking sectors. These rates form the backbone of the fiscal and monetary policies in India. For any further assistance, visit the Official Website
Securities and Exchange Board of India (SEBI) is an autonomous body that regulates the securities market in India. Further, SEBI defines rules and policies for its registered companies and investors. For all public listed companies, SEBI is an outstanding organization. For any further assistance, visit the Official Website
Roles & Responsibilities :
The roles and responsibilities of both; SEBI Grade A officers and RBI Grade A officers shall increase with each stage of career progression.
Remuneration :
*All the above-stated salary, perks, and emoluments have been estimated according to the metro cities. The value may vary depending upon the city of posting.
Career Progression
On an ideal career ladder, an employee wants to be more famous and more responsible.
An employee recruited as RBI Grade B officer can progress to grades C, D, E, and F. Progression is based on the performance at the workplace. The Deputy Governor is the end to this career progression as the Governor is recruited from outside the organization.
An employee recruited as SEBI grade A officer can progress to Grades B, C, D, E, and F. Progression is based on the performance at the workplace. The executive director position is the last position.
Job Posting
RBI is headquartered in Mumbai with 31 regional offices all over the country. Most of the offices are located in the metro cities, and usually, the officers get postings in these cities.
They are transferred to another location after 4 to 5 years.
SEBI is headquartered in Mumbai, and therefore, most of the placements are made in Mumbai. The organization deals with finances and securities and has operations in metro cities only.
As the employee career grows, there are several options for foreign postings available as well.
Exit Opportunities
RBI has a more balanced work life. Since the employee working in the RBI has strong theoretical and practical knowledge of economics and the working of the financial system, the employee can further join IMF, World Bank, other leading banks, or a consultant at a senior position.
Employees at SEBI are more prone to make errors. There are legal hassles that they might face sometimes. Since the employee will have strong knowledge of the financial markets, the candidate can join corporates and help in fundraising later.
| Criteria | RBI Grade B | SEBI Grade A |
|---|---|---|
| Recruitment | Candidates are recruited directly | Candidates are recruited directly |
| Work Profile | Candidates have managerial role where main responsibilities will be to excuse the policy decisions that are formed by the higher management. | Candidates have roles similar to that of an Assistant Manager. The work of the SEBI Grade A officer shal be to facilitate easy and fair trade practices. |
| Responsibilities | An RBI Grade B Officer will not be making policies or even be a part of policy creation. The officer will only intend to change rates. | SEBI Grade A officer has to do the auditing and tracking the people who are using unfair trade practices. The Job will be as an entry-level auditor or a data analyst. |
| Probation Period | Usually of 2 years and can be extended to 4 years | Two years |
| Salary, Perks, Emoluments* | RBI Grade B | SEBI Grade A |
|---|---|---|
| Pay Scale | Liberal to pay even the smallest part of the expenses. | - |
| Total Cost ot Company in Metro cities | INR 13 lakhs | INR 11.4 lakhs |
| Gross Emoluments | INR 67,933 (approximately) | INR 92,000 monthly without accomodation INR 62,000 monthly with accomodation. |
| Incumbent | - | Minimum of INR 28,150 to Maximum of INR 55,600 in 17 years. |
| Additional benefits | Dearness allowance, Local Recompense, House Rent allowance, Family allowance, and Grade allowance | National Pension Scheme (NPS), Grade allowances, Special Allowance, Dearness Allowance, Family Allowance, Local Allowance. |