Based on info from public domain, it seems that 85-90% of staff are posted at the Mumbai office. So the odds of being posted somewhere else is quite less. However, they may post a few lawyers in Delhi for handling supreme court litigation.
See pretty much all substantial work of SEBI happens out of Mumbai HQ. Other offices are more like contact centres to hear investor grievances. So from career advancement and exposure perspective, every office except BKC is a 'hardship posting'.
Do you work at SEBI? If yes, can you please tell us more about the job? How much is the pay and what are the career opportunities for people in the legal stream? Quora has some answers but they are very broadly worded and not particularly catering to the legal stream.
It basically is a way to add comments to the thread, so that it appears on LI's main page and people who might have something productive to contribute are able to do so.
Bro they're trying to increase the reach of the post, they want the answer so trying to make sure the post stays at top. I don't understand the reason for these down votes, they'll probably down vote me too lol
Bhai, SEBI Chairman is IAS. Take UPSC and try to be among the lucky 70 out of 12,00,000 aspirants to get IAS in general category. Good luck. Why do you want to take orders from IAS officers?
Han because SEBI grade A aur UPSC same competitive level k exam hain, haina? Moreover, better to take directions from a joint secretary level ias than a 10th fail MLA.
Ias may be a tough nut to crack. You seem to be very cut off from the reality, given your little knowledge on what it takes to become an MLA. An mla is ten PhDs combines in people management. Of course, the means may be cringeworthy; but it does take away the dexterity of MLAs in managing masses.
Please spend sometime outside before making such ludicrous comments reeling of ignorance.
Yes, that means they probably have more of a life than coming to LI to read the latest complaints that disgruntled law firm personnel/law students have to make. :)
Was asked by someone to answer this question – opinions are always subjective, but here goes.
TL;DR – depends on what the person is looking for. There will always be some trade-offs. Don’t compare it with something like UPSC, it’s more similar to an in-house job.
Listing the good (great), the bad (good/average) and the ugly (bummers) below:
Great things:
1. Work life balance - 8 to 9 hours on most days and no one bothers you after you leave office. No 24*7 availability. Weekends are completely off with a few rare exceptions unless you are posted in the departments responsible for briefing external counsels (in that case, you may have to work for a few hours on certain weekends). Lots of time to have a personal life outside work, pursue a hobby, spend time with family and friends, etc.
2. Work atmosphere – The work atmosphere is quite accommodative and relaxed. People are not dying of work and not every deliverable is due “as of yesterday.” Work pressure is easily manageable. Less scope of toxic behaviour since the relaxed work environment does not bring out people’s worst behaviour.
3. Exposure – Although the quality of exposure varies from department to department, it is generally much better than a typical PSU because of the regulatory setup. SEBI is considered to be a dynamic regulator and the exposure is great for people who want to build a career in securities laws.
4. Job stability - Once you are in, there are negligible odds of being fired. There is no undue pressure to keep giving your best every single day in order to survive. The chances of burnout is very less and the job is sustainable in the long run.
5. Leaves - Around 15-20 public holidays + there are different types of leaves such as casual leaves, ordinary leaves, sick leaves etc. So you can roughly get around 30-40 leaves per year apart from public holidays and weekends.
Good / Average things:
1. Pay - Definitely one of the highest paying jobs in the public sector. In fact, the fresher pay is at par with fresher tier 1 law firm salaries. But the pay disparity really kicks in after 4-5 years (SA level onwards). After 7-8 years, tier 1 law firm counterparts may earn between 2-3X and there is no comparison there.
2. Career Trajectory - Lots of luck and variables at play here. There is stagnation in promotions at the middle levels, which can become a great source of frustration as you see your counterparts grow in the private sector. However, things do get better after a point and it helps if you have joined the organisation at a relatively young age.
3. Other opportunities – Although it’s not very common and happens at a later stage, there may be chances to go on deputation to other regulatory organisations like IBBI, IFSCA, CCI etc. Some people also switch back to the private sector after some years (also see the 2nd point below).
Not so good (Bummers):
1. Bureaucratic setup - The organisation is not completely free from the trappings of a government setup - expect some amount of favouritism, sycophancy and red-tape. The ‘Yes Sir/Ma'am’ culture exists and there is plenty of office politics. Also, your boss has a lot of discretion to make your life either easy or tough.
2. Personal growth - Over the years, some people get a bit too comfortable and tend to become complacent. There's no real incentive for being hard working or smart. Because of this, one may gradually become lazy, dull, inefficient and almost a liability. In that case, switching back to the private sector becomes a big challenge. However, this also largely depends on the person himself/herself – there are people who have quit SEBI to do really well for themselves in the private sector.
Hi, thanks for the detailed answer. Could you please tell me if the employment period at SEBI would be counted in experience as advocate required for appearing in higher judiciary exam? Sorry, if it is ignorant on my part, but I really want to know this.
Yes, look at ELP - some ex - SEBI Officers are working there. Some have started securities law advisory firms - Sandeep Parikh (Finsec law) Sumit Agarwal (Regstreet).
But I won't advice anyone to leave such a lucrative job to go into private practice/firms.
If you type bump - Atleast it will stay somewhere on the top of LI Page.
Please spend sometime outside before making such ludicrous comments reeling of ignorance.
TL;DR – depends on what the person is looking for. There will always be some trade-offs. Don’t compare it with something like UPSC, it’s more similar to an in-house job.
Listing the good (great), the bad (good/average) and the ugly (bummers) below:
Great things:
1. Work life balance - 8 to 9 hours on most days and no one bothers you after you leave office. No 24*7 availability. Weekends are completely off with a few rare exceptions unless you are posted in the departments responsible for briefing external counsels (in that case, you may have to work for a few hours on certain weekends). Lots of time to have a personal life outside work, pursue a hobby, spend time with family and friends, etc.
2. Work atmosphere – The work atmosphere is quite accommodative and relaxed. People are not dying of work and not every deliverable is due “as of yesterday.” Work pressure is easily manageable. Less scope of toxic behaviour since the relaxed work environment does not bring out people’s worst behaviour.
3. Exposure – Although the quality of exposure varies from department to department, it is generally much better than a typical PSU because of the regulatory setup. SEBI is considered to be a dynamic regulator and the exposure is great for people who want to build a career in securities laws.
4. Job stability - Once you are in, there are negligible odds of being fired. There is no undue pressure to keep giving your best every single day in order to survive. The chances of burnout is very less and the job is sustainable in the long run.
5. Leaves - Around 15-20 public holidays + there are different types of leaves such as casual leaves, ordinary leaves, sick leaves etc. So you can roughly get around 30-40 leaves per year apart from public holidays and weekends.
Good / Average things:
1. Pay - Definitely one of the highest paying jobs in the public sector. In fact, the fresher pay is at par with fresher tier 1 law firm salaries. But the pay disparity really kicks in after 4-5 years (SA level onwards). After 7-8 years, tier 1 law firm counterparts may earn between 2-3X and there is no comparison there.
2. Career Trajectory - Lots of luck and variables at play here. There is stagnation in promotions at the middle levels, which can become a great source of frustration as you see your counterparts grow in the private sector. However, things do get better after a point and it helps if you have joined the organisation at a relatively young age.
3. Other opportunities – Although it’s not very common and happens at a later stage, there may be chances to go on deputation to other regulatory organisations like IBBI, IFSCA, CCI etc. Some people also switch back to the private sector after some years (also see the 2nd point below).
Not so good (Bummers):
1. Bureaucratic setup - The organisation is not completely free from the trappings of a government setup - expect some amount of favouritism, sycophancy and red-tape. The ‘Yes Sir/Ma'am’ culture exists and there is plenty of office politics. Also, your boss has a lot of discretion to make your life either easy or tough.
2. Personal growth - Over the years, some people get a bit too comfortable and tend to become complacent. There's no real incentive for being hard working or smart. Because of this, one may gradually become lazy, dull, inefficient and almost a liability. In that case, switching back to the private sector becomes a big challenge. However, this also largely depends on the person himself/herself – there are people who have quit SEBI to do really well for themselves in the private sector.
Hope this helps in some way.
Afaik SA1 makes 30LPA which is equal to what Grade B officer would make.
https://youtu.be/szyJvciIEQs
But I won't advice anyone to leave such a lucrative job to go into private practice/firms.