SEBI Grade A Salary, Allowances & Job Profile 2024

Known as a reputed organization, working at SEBI is a matter of great accomplishment for candidates who seek a respectable work profile and growth opportunities. 

However, that is not just the single most fascinating aspect of this organization.  

Aside from the prestige, the salary of a SEBI Grade A officer also a source of great motivation amongst aspirants!  

That is so because the salary of an officer is inclusive of rewards and benefits that are provided for compensatory purposes.  

As an organization, SEBI is known to be liberal in paying the employees for even the smallest of expenses. 

And so, apart from receiving a handsome salary, the officers are also eligible for various allowances, perks and benefits.  

Another interesting aspect related to this exam is the job profile and career growth opportunities provided to SEBI Grade A officers. 

The roles and responsibilities an officer performs during his/her tenure in SEBI offer both challenges and professional growth that provide learning experiences for the employees. 

Hence, in reference to this, I will be discussing all the aspects related to SEBI Grade A salary 2024 which includes salary structure perks, allowances, benefits, and SEBI Grade A job profile. 

So, without wasting any more time, let’s begin the section!

SEBI Grade A Salary Overview

The SEBI Grade A salary of an officer comprises of basic pay component along with various allowances and perks which he/ she shall be entitled to during his/ her service tenure. 

Upon their selection, the salary of a SEBI Grade A officer is as follows: 

• The basic salary of an officer stands at Rs 44, 500 per month, with increments on a yearly basis.
• With the addition of numerous allowances and benefits, the gross monthly salary of a SEBI Grade A officer becomes approx. Rs 1,55, 000 without accommodation, and a gross salary of Rs 1,16,500 per month is allotted with accommodation. 

Some of the allowances that are granted to an officer include SEBI’s Contribution towards the National Pension Scheme (NPS), Grade Allowance, Special Allowance, Dearness Allowance (DA), Family Allowance, and so on.

To optimize your preparation, you can look at latest SEBI Grade A exam pattern 2024, as it will familiarize you with the structure and format of the exam . 

SEBI Grade A Officer Salary Structure

To provide you with an overall view of the SEBI Grade A salary 2024, I have mentioned all the details explaining the salary structure in the table below.

If you are planning to prepare for the SEBI Grade A exam, then you can check your applicability by going through the latest SEBI Grade A eligibility requirements. 

Now, that you have gained an understanding of the structure of SEBI Assistant Manager salary. Let’s move forward to discuss allowances and perks allotted to an officer after selection.

SEBI Grade A Allowances

In addition to SEBI salary, several allowances and perks are granted to officers throughout their service years.These allowances and benefits are as follows: 

• Dearness Allowance (DA):The DA is an allowance that the government pays to its employees to minimize the effects of inflation. The DA generally comprises 30.38% of the basic salary; however, it can be varying in nature.
• Special Allowance: It is an allowance given to the employees by the organization to help them meet their requirements. Special allowance makes up 16.4% of the basic pay, i.e., an approximate amount of Rs. 11, 000.
• Grade Allowance: One of the many allowances which are provided to the employees, it forms 14% of the basic salary, i.e., a minimum amount of Rs. 10, 400.
• City Compensatory Allowance (CCA): The CCA is another allowance granted by the companies to the employees as compensation for the higher cost of living in metropolitan cities. It makes up 5% of the basic pay, i.e., Rs 2500 given in addition to basic pay.
• Family Allowance: It is an allowance provided to the employees for the maintenance of his/her family. An approximate amount of Rs. 2850 is granted under this allowance.
• Learning Allowance: Another allowance given to benefit the bank employees, is granted for Rs. 2500 approximately.
• Local Allowance: Additionally, the employees are also provided local allowance which stands at an approximate Rs. 3450.
• Special Compensatory Allowance: It is granted to the employees for them to meet their personal expenditure caused by special circumstances, which comprises monthly an approximate amount of Rs. 500 – Rs. 625.

SEBI Grade A Perks & Other Benefits

Apart from these allowances mentioned above, a SEBI Grade A officer is also entitled to receive the other benefits and perks which include as follows:

• Leave Fare Concession
• Medical Expenses
• Financial Dailies
• Book Grant
• Briefcase
• Transport Expenses
• House Cleaning Allowance
• Staff Furnishing Scheme
• Scheme for Purchasing Computers 
• Subsidized Lunch Facility

To prepare effectively for the exam, you can check the SEBI Grade A free study material that I have compiled.

Now, that we have discussed in detail about the SEBI Grade A salary and perks, let us proceed to learn more about the SEBI Grade A Job Profile.

SEBI Grade A Job Profile

After clearing the Grade A exam, the candidates join SEBI and undergo training to become SEBI Assistant Managers. From their time of joining the organization, the candidates are to serve a probation period of 2 years.  

Upon successful completion of this period, the candidate then goes to become SEBI Grade A officer.  

While working as a SEBI assistant manager is a typical 9-5 job, however, the office timings can sometimes vary depending on the department or work assigned to an officer.  

As SEBI is a regulatory body, the selected candidates are tasked with huge responsibilities and duties related to the stock exchange and regulation of markets. 

SEBI Grade A Roles & Responsibilities

While each stream has different sets of functions that are within the overall functionalities of SEBI as an organization.

These are the overall responsibilities of SEBI as an organization and all its officer’s duties are aligned with these responsibilities:

• Approval of stock exchanges by-laws.
• Amendment of by-laws of Stock Exchanges.
• Inspection of Accounts of Stock Exchanges and various players/ traders.
• Identify and investigate any malpractices within the Securities Markets
• Taking steps for increasing Investors knowledge on Securities Markets
• Suspension of Security Tradings of a Stock Exchange
• Granting and Withdrawing Recognition of a Stock Exchange

You can go through SEBI Grade A previous year papers I have provided to understand the nature and difficulty level of the exam. 

SEBI Grade A Job Profile – Posting Locations

Since SEBI has its headquarters in Mumbai, 90% of the Grade A (Assistant Manager) officers are posted in Mumbai itself.

Additionally, being an organization dealing in finances and securities, SEBI has most of the operational offices in metro cities. So, one can expect to be posted in such locations throughout their career.

SEBI Grade A Officer – Career Growth

When it comes to the growth in your career as a SEBI officer, it is only after you’ve had 3 years of experience as a SEBI Grade A Officer that you can apply for promotion and take the examination for the same.

The general procedure that is followed for promoting Assistant Managers to Grade B is the one given above.

Hierarchy In SEBI:

1. Executive Director
2. Grade F
3. Grade E
4. Grade D
5. Grade C
6. Grade B
7. Grade A
8. Junior Assistant

Now that you’ve read all there is to know about the SEBI Grade A officer job profile, posting locations, and the scope for growth within the organization of SEBI, we have arrived at the end of the section.

Conclusion

On this page, we have discussed in detail SEBI officer salary which shall help you know the basic pay, various perks, allowances and benefits granted to selected candidates and SEBI Grade A job profile which will enlighten you about roles and responsibilities of a Grade A officer. I hope this information is beneficial to expand your knowledge about the exam. I wish you all the best for future! 

Stay motivated and Keep Learning!!