Stockbroker

Your compass to a thriving career in stockbroking: Stockbroker career guide for the investment experts

About

A Stockbroker is a financial professional who administers orders in the market on behalf of clients. A Stockbroker is also known as a registered representative (RR) or an Investment Advisor. Moreover, Stockbrokers work for brokerage firms and manage transactions for various individuals as well as institutional customers. Furthermore, brokers act as an intermediary between an investor and a securities exchange.

Investors or Individuals need the services of exchange members or brokers because securities exchanges only accept orders from individuals who are members of the exchange. Brokers are then paid for their services either by fees or commission. Full-service brokers provide execution services, investment advice as well as solutions.

Eligibility

For Bachelor’s

  • Aspirants need to pass 10+2 with at least 50% marks from any recognised board. 
  • There is no specific degree requirement but students can opt for a four-year degree in business, finance, accounting or economics.

 For Masters

  • To gain a competitive advantage over others, seekers can opt for a Master of Business Administration (MBA). 

Job Roles

The field of Stockbrokers aims to provide in-depth knowledge and enhance the skills of the students. To do such a task, this field presents innumerable job profiles:  

  • Stock Broker
  • Customer Service
  • Real Estate Sales Consultant
  • Executive Dealer
  • Senior Executive Dealer
  • Customer Success Advisor
  • IT Analyst
  • Operations Analyst
  • Equity Dealer

Top Recruiters

There are many recruiters from leading companies who enlist potential students in the Stockbroking field. Following are some Recruiters from where students can find an employment opportunity in India: 

  • Angel One
  • Fyers
  • IIFL
  • HDFC Securities
  • Knoll
  • Upstox
  • Yes Bank
  • Udemy
  • NNM Securities
  • 5paisa
  • AxisDirect

Salary

The salary range may vary from company to company, but the salary of a Stockbroker is very impressive only in India.

 

Level of Salary

Salary Package per Year

Starting Salary

Approx ₹3,10,000

Mid Level Salary

Approx ₹6,50,000 

Senior Level Salary

Approx ₹10,30,000 

Skills

  • Adaptability
  • Analytical Skills
  • Interpersonal Skills
  • Tech Savvy
  • Mathematical Skills
  • Decision Making
  • Risk Analysis
  • Eye for Detail

Scope

Stockbrokers buy and sell investment securities on the behalf of their customers. So, if one is interested in finance and can manage other people’s money this is the perfect career option to explore for them. This job can be stressful at times, but is rewarding as well.

The main goal of many stockbrokers is to build trust and client base over a period of time, which is helpful as well as profitable for them in the future. Few skills required to be a stockbroker are zest for success, interpersonal skills as well as ability to take negative reviews or rejection. As the search for investment to gain profit is increasing day by day, so is the demand of stockbrokers. Needless to say, their career scope is on the rise.

Benefits

  • Career Advancement Opportunities 
  • Job Security
  • Handsome Salary
  • Working with Smartest Investors in the World
  • Learning About New Sectors and Companies

Drawbacks

  • Stress
  • Long Working Hours
  • Market Affects the Finances
  • Responsibility of Decision-Making
  • Cold-Calling
  • Handling Angry People