Wednesday, June 1, 2011

Want To Become A Stockbroker?

Instructions

Things You'll Need

  • Financial Calculator
  • Wall Street Journal
  • Men's Suits
  • Paper And Pencils
  • Brokerage Accounts
    • 1
      Begin to prepare for your career in high school by taking courses in math, economics and business. And with even a small starting sum, you can manage your own stock portfolio (in a parent's name if you are under 18) to learn about different investments and their return.
    • 2
      Join an investment club, which compares different investment opportunities, analyzes results and jointly invests its funds.
    • 3
      Go to college. Most brokers are college graduates with a degree in finance, economics or business.
    • 4
      Pass the General Securities Registered Representative Examination (Series 7 exam), administered by the National Association of Securities Dealers. Most states also require the Uniform Securities Agents State Law Examination (Series 63 exam) and the Uniform Investment Advisor Law Exam (Series 65 exam).
    • 5
      Take advantage of on-the-job training, offered by most brokerage firms, to prepare for the above exams, a process that takes four to six months. Upon passing the required exams, a broker becomes a registered representative of his or her sponsoring firm.
    • 6
      Expect a competitive work environment after being hired. Firms often hire a plethora of recent college graduates with the expectation that a large percentage will 'wash out' during the grueling early months of training and building a clientèle.
    • 7
      Emphasize your studies and work experience (if any) in finance, economics and/or business when writing your resumé. A professional, aggressive image is crucial at the interview, where prospective employers will be evaluating your tenacity along with your business savvy.

3 comments:

Gaberabtic said...

You make it sound so simple!!!! Good info to know if your leading that way. good post

JPG said...

Suits being a requirement made me laugh.

I don't think stockbroking is my field though.

Marquall said...

interesting, what about doing it at home?

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