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How to become a Stock Broker

Stock Broker

Career progression and salary expectations for a Stock Broker

1

Stock Broker

| Up to £60,000

The role of a Stock Broker

Have you got a good head for figures? Do you dream of working in the world of finance a la Gordon Gekko (but without the villainy)? Then you could become a Stockbroker.

Have you got a good head for figures? Do you dream of working in the world of finance a la Gordon Gekko (but without the villainy)? Then you could become a Stockbroker.

Your job would be to buy and sell financial products like stocks and shares in order to get the best rewards for clients, whether they're individual people or huge corporations.

There are three different types of Stockbroker: discretionary (managing investments and making decisions for clients); advisory (providing tips); and execution only (not providing advice but carrying out clients' requests to buy and sell).As a Stockbroker, your typical responsibilities are likely to include:

  • Keeping up to date with financial markets
  • Researching potential strategies for clients
  • Regularly reviewing strategies to ensure maximum returns
  • Liaising with investment analysts to find out more about potential markets
  • Passing on instructions to traders about market prices
To be a good Stockbroker, you'd better not be a wallflower. You need to be confident and great at dealing with all kinds of people from companies of varying sizes.

However, that's not to say you need to be arrogant - unlike their portrayal in the media, Stockbrokers must be honest and trustworthy, working with clients' best interests at heart.

Other key skills include:

  • Calmness under even extreme pressure
  • An ability to understand sometimes complex financial data and explain it to clients
  • Being able to make snap decisions
  • Being able to make snap decisions
  • Determination to succeed
  • Being able to spot which risks are worth taking
"Some people didn't understand why I wanted to become a Stockbroker, but I find it really exciting - every day presents fresh challenges. It's not just buying and selling either; I have to complete lots of reading and find the research aspect fascinating. It's also hard to beat the buzz you get from making a client a lot of money. OK, so it can be stressful and demanding. But as long as you love it, you should enjoy it for years to come. And it must be said that the money's not bad either."

Get qualified as a Stock Broker

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