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Stock Broking

Published On: 27 Jun 2012 | Last Updated On: 01 Aug 2013

 

Stock brokers are professionals who are involved in buying and selling of securities for individuals or corporations in stock markets. They manage all their clients’ investments and have permission to buy and sell investments without consulting clients. They work as part of a team alongside investment analysts, who carry out penetrative research into how companies in the marketplace are performing and then make decisions accordingly. Given the present complex situation of our capital markets, stock brokers have to face challenging tasks. Accounting to the present complex situation of our capital markets, a promising as well as a challenging career is rest assured for a stock broker.

Courses and eligibility:

A graduate in economics or commerce can pursue the profession of a broker. MBA graduates in finance can also aspire to be a stock broker. To attain membership of the stock exchange, one has to go through a training under a broking firm for a period of minimum 6 months. The training aims to impart knowledge of subjects like accountancy, law related subjects, capital markets, securities and portfolio analysis, etc. For the bachelor's programme the basic eligibility criteria for a candidate is 10+2 in any stream.

Career Prospects:

Stock brokers can be employed in various organizations like mutual funds, investment consultancy, broker firms, insurance companies, merchant banks, pension funds and other financial institutions. After gaining some experience, they can also start their own consultancies. Liberalization and globalization of economy have made stock broking and stock trading a hot pancake for most investors . Initiatives taken by SEBI in the direction to discipline, reform and bring greater transparency in the markets has had positive effect on the performance. Foreign institutional investors, mutual funds and even individuals have once again started posing confidence in the capital markets. This has enhanced prospects for brokers, investment and equity analysts.

Remuneration:

The remuneration of a stock broker solely depends upon the individual's experience and the nature of the clients he or she serves. 

 

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