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Stock Broking As A Career

Stock Broking As A Career

Summary

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.

Career Opportunities in Stock Broking

How to Become a Stockbroker

StreamGraduationAfter GraduationAfter Post Graduation
Path 1
Clear Class XII in any streamGraduation in any stream preferably in finance related subjectsShort term/Long term course from NSE/BSE-
Path 2
Any Stream preferably statistics and mathShort term/Long term courses from NSE/BSEPractice in a Brokerage firm, then apply for a license-
Path 3
Commerce/Science with Math'sGraduation in any streamPGDM/MBA in Capital Markets-

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.

Leading Institutes

Top Stock Broking Institutes in India
CollegeLocationWebsite
Institute of Company Secretaries of IndiaNew Delhiwww.icsi.edu 
All India Centre for Capital Market StudiesMumbaiwww.nism.ac.in
Mumbai Stock Exchange Training InstituteMumbaiwww.bsebti.com 
J.D.C. BytcoNashikwww.jdcbytcoimsr.in 
NCFM AcademyHyderabadwww.ncfmacademyhyderabad.in 
Institute of Financial and Investment PlanningMumbaiwww.ifpng.com 
Institute of Chartered Financial Analysts of IndiaMumbaiwww.icfai.org 
The UTI Institute of Capital MarketMumbaiwww.Web site not available
Indian Institute of ManagementMultiple Locationswww.iimahd.ernet.in/ www.iimidr.ac.in/ www.iiml.ac.in/ https 
Top Stock Broking Institutes in the World
InstitutionLocationWebsite
Indiana UniversityUnited Stateswww.iu.edu 
Kansas State UniversityUnited Stateswww.k-state.edu 
New England College of BusinessUnited Stateswww.necb.edu 
Bryant UniversityUnited Stateswww.bryant.edu 
California State UniversityUnited Stateswww.web.calstatela.edu 
London Business SchoolUnited Kingdomwww.london.edu 
The University of MelbourneAustraliawww.unimelb.edu.au 
The University of New South WalesAustraliawww.unsw.edu.au 

Important Entrance Exams

Undergraduate
CollegeTentative DateImportant ElementsWebsite
BSEs Certification on Central DepositoryAll year
  • Financial Derivatives
  • Principles of Trading
  • Risk Management
  • Regulatory Aspects
  • Taxation
  • Accountancy
www.bseindia.com/training/bccddo.asp 
BSE's Certification on Securities MarketsAll year
  • Markets
  • Trading
  • Mutual Funds
  • Taxation
  • Sensex/SEBI/CLB
www.bsebti.com//all_program_pages/certification_securities_markets_english.html 
BSE's Certificate on Derivatives ExchangeAll Year
  • Financial Derivatives
  • Principles of Trading
  • Risk Management
  • Regulatory Aspects
  • Taxation
  • Accountancy
www.bsebti.com//all_program_pages/certificate_derivatives_exchange_english.html 
BSE's Certification on Corporate GovernanceAll Year
  • Corporate Governance
  • Liability of Directors & Officers
www.bsebti.com//all_program_pages/certification_corporate_governance.html 
BSE's Certification on Options TradingAll Year
  • Options Basics
  • Bullish Option Strategies
  • Bearish Option Strategies
  • Neutral Strategies
www.bsebti.com//all_program_pages/certification_options_trading.html 
BSE's Certification on Credit RatingAll Year
  • Credit Rating
  • Finance Rating
  • Securitization
  • Rating of Banks
  • Evaluation of Ratings
www.bsebti.com//all_program_pages/certification_credit_rating.html 
BSE's Certification on Fundamental AnalysisAll Year
  • Fundamental Analysis
  • Financial Indicators
  • Equity Valuation
  • Bond Valuation
www.bsebti.com//all_program_pages/certification_fundamental_analysis.html 
BSE's Certification on Security Analysis and Portfolio ManagementAll Year
  • Investment
  • Risk and Return
  • Regulation of Financial Markets
  • Equity Markets
  • Fundamental Analysis
  • Technical Analysis
  • Efficient Market Hypothesis
  • Mutual Funds
  • Risk Measurement Tools
  • Derivatives Markets
www.bsebti.com//all_program_pages/certification_security_analysis_portfolio_management.html 

Work Description

  • 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
  • Conduct exhaustive data analysis to analyze trends for decision making

Pros & Cons of a Career in Stock Broking

Pros
  • High Monetary benefits
  • Always in high demand due to rise in financial markets
  • Lots of opportunities to move to higher positions
Cons
  • Stressful job and long hours of work
  • Dependent on the economy and market fluctuations
  • Need to be very persuasive or perish

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