Stock Broking About

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 means profit for oneself.

Stock Broking
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Career Roles & Responsibilities
  • Providing accurate investment advice to clients.
  • Accurately evaluating financial reports.
  • Managing clients’ investment portfolios.
  • Staying abreast with the latest financial news.
  • Providing regular updates to clients regarding the status of their investment portfolios.
  • Informing clients of new investment opportunities within the stock market.
  • Sourcing new clients through networking and cold calling.
  • Accordingly making changes in investment strategies based on market conditions.
  • Research the financial markets
  • Report to the clients
  • Monitor the clients’ investments
  • Consult investment analysts
  • Pitch for new clients
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Career Education Path Summary

How to Become a Stockbroker

 

Stream

Graduation

After Graduation

After Post Graduation

Path 1

Clear Class XII in any stream

Graduation in any stream preferably in finance related subjects

Short term/Long term course from NSE/BSE

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Path 2

Any Stream preferably statistics and math

Short term/Long term courses from NSE/BSE

Practice in a Brokerage firm, then apply for a license

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Path 3

Commerce/Science with Math's

Graduation in any stream

PGDM/MBA in Capital Markets

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Important Facts

  • As such, to practice as a stock broker does not entail specific eligibility criteria but it is advisable if students have math and statistics as their core subjects in senior secondary and graduation.
  • Although courses from different institutes give you the required skill and knowledge set, yet a certification exam has to be passed before one can practice in stock trading.
  • Manage investments for individuals, companies or large organizations and review their investment portfolios
  • Buy and sell stocks, shares and other financial products
  • Carry out Research on the financial markets
  • Keep clients informed about their investments and changes in the market by developing investment strategies
  • Consult investment analysts
  • Liaise with sales traders/clients on market movements
  • Predict how markets will move and buy and sell accordingly
  • A career in share market is a very good option indeed. The job opportunities are opened in various organizations because of the Economic growth and liberalization. A stockbroker can be employed by various agencies and firms in India as well as in abroad. Stock broker simplifies the stock market terms & trading practices to the clients. They offer financial counselling and devising financial portfolios.

    They can work as a dealer, advisor or securities analyst. After gaining some years experience, you can also start your own consultancy agencies.

    If you have a degree in stock broking, you have an option to become a financial manager, analyst, market specialist, etc.

    Larger broking companies prefer Chartered Financial Analysts (CFAs) or Chartered Accountants (CA) or MBA (Finance) graduates.

  • The salary of the stock broker will be depended on their qualification & performance. The starting salary of the stock broker may be arises in between Rs. 2 to 3 Lakh per annum. As you gain experience, then you can earn Rs. 5 to 7 Lakh per year.  Some of the brokering companies pay bonus in addition to the salary on the basis of the performance. You can also earn in crores on the basis of your skills.

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Career Pros Details
  • High Monetary benefits
  • Always in high demand due to rise in financial markets
  • Lots of opportunities to move to higher positions
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Career Cons Details
  • Stressful job and long hours of work
  • Dependent on the economy and market fluctuations
  • Need to be very persuasive or perish
  • IT and maths skills
  • Ambition and determination
  • Ability to persuade
  • Communication skills
  • Strong decision-making skills
  • Ability to work in a high-stress environment
  • Very good negotiation skills
  • Ability to build lasting relationships.
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