stockbroker

Career As A Stockbroker Around The World In 4 Simple Steps – Eligibilities, Internship & Certifications

Career Options Commerce

Who is a stockbroker?

Stockbroker is an individual who sells and buys stocks & other securities through a stock exchange or may be over the counter. He, in return, receives a commission. He is usually associated with a brokerage firm.

Career as a stockbroker around the world :-

 

stockbroker
Source : azaforex.com

Step 1 :

Get A Bachelor’s Degree in finance or business administration. a bachelor’s degree is required for entry-level securities, commodities, and financial services sales positions. On-the-job training programs are often available to aspiring stockbrokers, which further, allows them to gain practical experience and work towards gaining the required professional licenses. However, a master’s degree in business and finance are very popular and highly recommended, but not necessary.

Step 2 :

Internship at brokerage firms and investment banks will boost your experience as well as chances for post-graduate employment.  This is a best way to receive the intensive training that some of the bigger companies require.

Step 3 :

Find A Sponsor around you, like if you are from United States then, FINRA (Financial Industry Regulatory Authority) will help you to take the necessary licensing exams.

Step 4 :

Pass The Licensing Exams i.e., a stockbroker must pass both the Series 7 and either the Series 63 or the Series 66 exams in order to be properly licensed. Series 7 exam covers financial topics (trading of securities) and Series 63 exam focuses on state rules and laws along with trading of securities.

 

stockbroker
Source : www.finra.org

Other Professional Areas for a Stockbroker :-

  • Financial Advisor
  • Securities Trader
  • Investment Banker
  • Financial Analyst
  • Financial Manager

 

Skills Required To Become A Stockbroker :-

  • Analytical Thinking
  • Presence of Mind
  • Numerical Skills
  • Customer Care
  • Initiative & Ambitious

 

stockbroker
Source : US News Money – US News & World Report

 

Salary of a Stockbroker :-

The median annual stockbroker salary is $60,927. However, this can vary widely depending on a variety of factors like the firm they are working for, number of years in the business, level of educational attainment, geographical location and so on.

stockbroker
Source : Lake Charles Personal Injury Lawyers & Louisiana Personal Injury …

Certifications :-

  • Chartered Financial Analyst
  • Chartered Financial Consultant
  • Certified Financial Planner

 

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