Career as a Stock Broker


A Stockbroker is a professional who manages investments in stocks, derivatives, bonds, currency trades, etc., for clients who can either be individuals or big organizations. He is the linchpin between the stock market and the client in buying and selling shares. The services are provided to clients on a compensation pay system, thus profits for the client mean profit for oneself.

If you love high finance, are skilled at thinking on your feet, and don’t mind a challenge, it is a rewarding and exciting career. You will be elbow to elbow with some of the highest financiers in the country, buying and selling stocks for high profile clients and corporations. So, if you have the interpersonal skills and stamina to do it, go for it!  Start with a great education in your chosen career path!

Job Profiles
Ø  Financial Advisers
Ø  Investment Advisor
Ø  Capital Market Specialists
Ø  Independent Agent
Ø  Accountants
Ø  Securities Analyst
Ø  Financial Managers
Ø  Security Traders
Ø  Security Sales Representative
Ø  Securities Broker

Eligibility
Ø  Aspirants who seek to become stock brokers must have a Bachelors degree in Commerce or Economics. It is also required for them to have a work experience of a minimum two years in a stock broking company.
Ø  To turn out to be a sub-broker, the basic qualification needed is a pass in class 12.
Ø  A Postgraduate degree in Business Administration with is finance as the field of specialty is the requirement needed for students who desire to become Finance managers. The certification must be from a recognized institute of management.

Courses
Certificate
Ø  NSE’s Certification in Financial Markets
Ø  NSE’s Certified Market Professional
Ø  Certificate Programme on Capital Markets
Ø  Post Graduate Diploma in Capital Market and Financial Services
Ø  Post Graduate Diploma in Fundamentals of Capital Market Development

Bachelors
Ø  Bachelor Degree in Finance/ Mathematics/Accounting/ Economics/ Business Management
Ø  Bachelor of Commerce (B.Com)

Masters
Ø  Master of Business Administration (MBA) in Finance
Ø  Master of Commerce (M.Com)

Admission Criteria
Ø  All the stockbrokers have to register themselves with the stock exchange(s) depending upon their dealings in the securities listed at various stock exchanges.
Ø  To become a member, you need to clear a written entrance test and then undergo training, which includes subjects like accountancy, capital markets, securities and portfolio analysis and so on.
Ø  On the application and consequent attainment of the membership, a certain amount has to be deposited with the stock exchange as security. Membership is given after scrutiny to ensure that the person concerned possesses the infrastructure (computer, internet connection, etc.) to be able to operate as a broker.
Ø  One has to take NSE’s certification in Financial Markets and BSE certification on derivatives exchange.

Some of the entrance exams
Ø  BSE Certification on Central Depository
Ø  BSE Certification on Derivatives Exchange
Ø  BSE Certification on Currency Futures
Ø  BSE Certification on Securities Markets

Some Institutes
Ø  All India Centre for Capital Market Studies, Nasik
Ø  Institute of Capital Market Development, New Delhi
Ø  Institute of Chartered Financial Analysts of India (ICFAI),Hyderabad
Ø  Institute of Company Secretaries of India, New Delhi
Ø  Institute of Financial and Investment Planning, Mumbai
Ø  Mumbai Stock Exchange Training Institute, Mumbai
Ø  The Orion Institute of Capital Market
Ø  The UTI Institute of Capital Market, Mumbai

Cost of the Course
₹ 35,000 – ₹ 50,000

Careers Prospects
Professionals in this sector can hope for a good future as the opportunities are abundant with wide choice of organisations and jobs to choose from, Indian stock exchanges deals with big numbers and big buyers. The capital markets are undergoing transformation. An intelligent broker can deal in billions rather than in millions. Brokers now have all their operations computerized and employ qualified industry specialists to advise on buying and selling of stocks. Economic growth and liberalisation taking place in the country has opened number of opportunities in various finanancial organisations. Stock Broking also provides ample opportunities in foreign countries. Though the job profile remains the same, which is of a broker, dealer or analyst, the remunerations are higher. Becoming a Stock Broker in NASDAQ means far greater monetary gains.

Employment Sector
Ø  Broking firms
Ø  Large Businesses
Ø  Insurance companies
Ø  Investment banks
Ø  Pension funds
Ø  Traditional banks dealing with broking firms
Ø  Magazines and Newspapers
Ø  Investment consultancies
Ø  Foundations
Ø  Mutual funds
Ø  Other financial institutions
Ø  Market Research

Income
A Broker/ Trader usually gets around ₹ 3 lakhs to ₹ 4.5 lakhs per year in the beginning.

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