how about a post secondary education
it also helps if your a female
wall street along wiith all the other business’ in America today
are enamored with the female employee
otherwise you might need some connections
I saw this page: NASD firms and individuals from all over the country have used our study materials. Their reviews are based on our commitment to providing the most up to date and accurate study courses. Ease of use and test question accuracy are the keys to our satisfied firms and students in their study material reviews.
Thousands of students and investment firms have seen our personal approach in action. All of our home study courses come with phone support from our team of instructors. While our home study programs are very easy to follow, we understand that some students will need further assistance. Our instructors are available to answer any questions that you may have. AIT’s employment department is also available to provide assistance to those seeking employment services. With the advent of automated stock broking systems on the Internet the client often has no personal contact with his/her stock broking firm. The stock broker”s system performs all the stock broking functions: it obtains the best price from the market and executes and settles the trade.
Today, most of the once well-known corporate brand names including mid-sized firms such as Smith Barney have been swallowed up by global financial conglomerates. Discount brokers (such as E-Trade, Scottrade, and TD Ameritrade) have taken a large share of the business by offering highly discounted commissions, but the companies do not offer investment advice in return–all they do is execute orders.
The beginning stockbroker’s first priority is learning the market. One broker said, “First you have to decide whether you have an interest in the stock market. This will determine how well you’ll do. If you’re just interested in making money you won’t get very far.” Stockbrokers spend their time in a fast-paced office, usually working from nine to five, unless they are just starting out or have to meet with clients. The new broker spends many hours on the phone building up a client base. Sometimes brokers teach financial education classes to expose themselves to potential investors who may then become their clients.
In the US – You need to be an employee of a Broker/Dealer so they can sponsor you in order to become a licensed stock broker.
Firms usually want college graduates, but it is not really necessary nor really a requirement but many firms like it and make it their requirement. Bank broker/dealers usually want all the sales reps to be college graduates.
Your college major is not important, (No courses in the Academic world prepares you to be a broker). But since your coming into the world of Finance, some of the more helpful majors would be Finance, Accounting, Economics or Statistics,
You should be good at math and have a decent idea about the stock market. You should be good at selling, and it would help if you have an outgoing personality.
So if you‘re good at sales, or have a good sales background in place of a college degree, you’re part way there.
Try to get with any major brokerage firm they will put you through an in-house training program, which is primarily getting you ready to take the necessary test for licenses. You will need a Series 7 which is a General Securities Brokers test, and a Series 6 which is just for state approvals.
Most brokerage firms, except bank B/Ds, will put you on salary and once you have passed the test, they will slowly take you off salary and put you on commission basis pay out. Banks will usually keep you on salary.
If you have your choice, you’re always better going to work for a regular B/D rather than a bank – You will learn, faster, better and the proper way of how the industry works. As a broker for a B/D you can always find another B/D that will hire you or at the worse, you can always work for a bank. But if you’re Bank B/D trained and licensed, it’s very difficult to go work for a regular B/D
3 Responses to Any tips about being a stock broker and what type of education would this include?
live free or die
December 17th, 2010 at 5:17 pm
how about a post secondary education
it also helps if your a female
wall street along wiith all the other business’ in America today
are enamored with the female employee
otherwise you might need some connections
dete49
December 17th, 2010 at 6:00 pm
I saw this page: NASD firms and individuals from all over the country have used our study materials. Their reviews are based on our commitment to providing the most up to date and accurate study courses. Ease of use and test question accuracy are the keys to our satisfied firms and students in their study material reviews.
Thousands of students and investment firms have seen our personal approach in action. All of our home study courses come with phone support from our team of instructors. While our home study programs are very easy to follow, we understand that some students will need further assistance. Our instructors are available to answer any questions that you may have. AIT’s employment department is also available to provide assistance to those seeking employment services. With the advent of automated stock broking systems on the Internet the client often has no personal contact with his/her stock broking firm. The stock broker”s system performs all the stock broking functions: it obtains the best price from the market and executes and settles the trade.
Today, most of the once well-known corporate brand names including mid-sized firms such as Smith Barney have been swallowed up by global financial conglomerates. Discount brokers (such as E-Trade, Scottrade, and TD Ameritrade) have taken a large share of the business by offering highly discounted commissions, but the companies do not offer investment advice in return–all they do is execute orders.
The beginning stockbroker’s first priority is learning the market. One broker said, “First you have to decide whether you have an interest in the stock market. This will determine how well you’ll do. If you’re just interested in making money you won’t get very far.” Stockbrokers spend their time in a fast-paced office, usually working from nine to five, unless they are just starting out or have to meet with clients. The new broker spends many hours on the phone building up a client base. Sometimes brokers teach financial education classes to expose themselves to potential investors who may then become their clients.
The Old Guy
December 17th, 2010 at 6:07 pm
In the US – You need to be an employee of a Broker/Dealer so they can sponsor you in order to become a licensed stock broker.
Firms usually want college graduates, but it is not really necessary nor really a requirement but many firms like it and make it their requirement. Bank broker/dealers usually want all the sales reps to be college graduates.
Your college major is not important, (No courses in the Academic world prepares you to be a broker). But since your coming into the world of Finance, some of the more helpful majors would be Finance, Accounting, Economics or Statistics,
You should be good at math and have a decent idea about the stock market. You should be good at selling, and it would help if you have an outgoing personality.
So if you‘re good at sales, or have a good sales background in place of a college degree, you’re part way there.
Try to get with any major brokerage firm they will put you through an in-house training program, which is primarily getting you ready to take the necessary test for licenses. You will need a Series 7 which is a General Securities Brokers test, and a Series 6 which is just for state approvals.
Most brokerage firms, except bank B/Ds, will put you on salary and once you have passed the test, they will slowly take you off salary and put you on commission basis pay out. Banks will usually keep you on salary.
If you have your choice, you’re always better going to work for a regular B/D rather than a bank – You will learn, faster, better and the proper way of how the industry works. As a broker for a B/D you can always find another B/D that will hire you or at the worse, you can always work for a bank. But if you’re Bank B/D trained and licensed, it’s very difficult to go work for a regular B/D
Good luck, go try it, you may like it