Being a stock broker is a pretty awesome job. Queries have been raised on how someone can become a stockbSrokerPro. The work of a stock broker involves acting as a financial adviser and counselor of clients who may be either individuals or business corporations.
You may offer advice on investment or help them discover how much to invest based on their financial goals. They are also known as a securities sales agent and commodities sales agent. So what does it take to be a stock broker? Here is everything you need to know about the subjects to pursue to become a stock broker.
Attend an excellent college
First, you will need to go to an excellent college that offers the subject you want to study. You can get advice from your parents or friends on the best colleges available.
Remember that the better college you go to the better you will be at this game. It is even better to have your grades high so that you will have many grad schools opening up to you.
Choose your preferred subject
Some of the subjects to pursue to become a stock broker include accounting, finance, economics, management, marketing and investments. All these courses are also fully available online for graduate certificate, bachelor’s degree and master’s degree.
It is commonly recommended that you have at least a bachelor’s degree before you become a stock broker. To help you gain an understanding of the company’s policies, services, procedures, and products, you will need to get trained at the firm.
Continued education is also very necessary for stock brokers to help them stay current on the changes in the industry. As part of your continued education, you can choose to attend seminars and training conferences.
Consider getting your MBA
Having an MBA is not necessary, however, most employers prefer if you have pursued advanced options. Therefore, they may prefer candidates who have a Master in Business Administration to those who have a bachelor’s degree.
Those who have an MBA are also likely to qualify for advancement, hiring bonuses and even higher salaries. Having an MBA puts you at the top of that prospective employee stock that you will find yourself in eventually.
Registration and Licensing
Finally, before you can manage your client’s accounts, you first have to be a registered representative of your employer.
To achieve this, you have to register with the Financial Industry Regulatory Authority (FINRA) and manage to pass the General Securities Registered Representative Examination. This is also known as the Series 7 Exam.