Stock broker

Job description

• A stock broker is a regulated professional who assists clients in buying 
• and selling stocks. They basically act as middle men between the  
• securities that trade on the market and the investors who buy them. The 
• word broker can be associated with one person or a brokerage firm like
• Merrill Lynch 

What it takes

• To become a stock broker you must go to a good college
• A degree in economics, finance, mathematics, accounting, or business
• management is best for your undergraduate degree
• It is good to become an intern because brokerage firms hire interns during 
• their first year

what it takes (continued)

• Getting your MBA(Master's Degree in Business Management) is not required 
• but it will put you at the top of the prospective employee stack. This
• could lead to job advancement, larger signing bonuses, and higher 
• compensation. Educating yourself can also help prepare you for the job
• You must pass the series 7 and the series 63 exam

employment options

• There are three types of brokers you can be. They are full-time broker, 
• discount broker, and a bank broker. A full-time broker will work at a firm
• and must be very sales oriented. You will be started off with a salary 
• until the end of your trial period. A discount broker buys and sells stocks
• but doesn't give advice. They are more service oriented. 

lifestyle

• The life of a stock broker starts off busy and hectic, but eventually 
• becomes promising.
• Your first couple years as a broker consists of arriving at the office   
• early, contacting clients, meeting with clients, and making cold calls, 
• networking, or teaching seminars

lifestyle (continued)

• As you become more experienced, the job will become less hectic and more  
• promising. How much you make depends on location client base, etc. 
• However, location is the most important factor. Connecticut and New York 
• provide the highest salaries in this business. Average earnings in   
• Connecticut are $159,950 per year. The average earnings in New York

Why i chose this career

• I chose this career because I feel it suits my expertise. I am very good 
• with numbers and I think managing money would be a good promising 
• career for me. To be successful I plan to pursue this career in New York 
• because I could thrive there and I would be comfortable in that
• environment. Being a stock broker will be challenging in the beginning