How To Become A Stock Broker - A knowledgebase

How To Become A Stock Broker – A knowledgebase

By admin, August 4, 2014

A stockbroker is someone who provides advice to both corporations and individuals on how to build a successful investment portfolio to meet specific financial goals. Being a stockbroker can turn into a very lucrative career if you have a knack for building a substantial client base. There are many things one must do to become a successful and wise stockbroker, but specifically there are three major things one must go through to acquire this job. First, it’s important to earn a college degree. This step isn’t absolutely necessary in becoming a stock broker because this profession doesn’t require a degree, just a license. However, in order to compete at a firm nowadays you’ll need all the educational background available so a college degree is a must. Also, learning about money management and investments and taking education classes to pass stockbroker examinations are also necessary. Anyone who goes through these three tasks successfully can surely become a wise stockbroker.

Attending College and Earning A Degree

As said before, the first task one must go through to become a stockbroker would have to be attending college and earning a degree. Most people attend college, but end up not studying subjects that revolve around stockbroking. Consequently, when they leave college they have to take education classes to learn about stockbroking. Most likely, when these people attain a job at a stockbroking firm, their stock broker salary will not be as high because they have not received a proper and sufficient education. This is why it is recommended that people go to college and study subjects that are in accordance with stockbroking, so that they when they graduate with either a bachelor’s or postgraduate degree they have a better chance of being accepted into a well-known stockbroking firm. As stated early, when attending college, it is better to study fields, such as, economics, finance, and business management. The better the education, the better one’s future will be as stockbroker.

Learning About The Two Main Aspects of Stockbroking

Secondly, although most people attend college and learn about money management and investments, when they apply for a job at a stockbroker firm, they still could use more training on these two subjects. In order to brush up on these two important aspects of stockbroking, it’s a good idea to read money managing and investment books, watch videos focused around stockbroking, and maybe even search the web for what somebody must know in order to be a stockbroker. After one has spent about a week or two researching these three topics, they should then visit their dream stockbroking firm and apply for a job there. If they are accepted into the firm, they must start their exams.

Acing Stockbroker Exams

Lastly, once an application has been submitted to the stockbroking firm, one must acquire their General Securities license by passing the 6-hour General Securities Registered Representative Exam. Plus, most states require applicants for stockbroking firms to take the 75-minute Uniform Securities Agent State Law Exam. Obviously, these two exams are very important as they “decide” whether or not a person can receive their license to become a registered and legal stockbroker. In order to pass these exams people have created stockbroker education classes around the world to help possible stockbrokers have a better chance at nailing their exams and acquiring a job at a stockbroker firm. If one has passed their exams they are ready to start their lives as stockbroker. Also, it is recommended that all stockbrokers continue to take education classes to help them maintain their license. The more educated people are in terms of stockbroking, the more people benefit in their stock broker salary.

Ultimately, learning more on these three tips will definitely help anyone who needs assistance on their journey to becoming a stable and successful stockbroker.

This guest post comes from http://www.stockbrokersalary.biz, a site dedicated to providing updated information concerning the stock broker career.