Career as Stock Broker
Stock exchanges are like market places where stockbrokers buy and sell securities for individuals or institutions.
- About Stock Broker :
- Job Profile |
- Employment Opportunities |
- How do I get there? |
- Where to study?
Job Profile
- Stock Brokers
- Carry out operations for private clients and institutional clients
- Act as dealers (client investment managers)
- Advise (equity sales advisors)
- Provide services for portfolio management
- Review investments in the light of trends and developments in the market
- Are specialists in Bond issue, mutual funds etc
- In large firms stock brokers
- Deal with and advise smaller firms
- Securities brokers work with private clients to understand the investment plans and objectives of the client i.e expectation for returns and interest in risk taking
- Execute orders to buy and sell securities
- Advise on the sale and purchase of stock
- Advise for investments
- Carry out market transactions
- Work in pre sales, sales and after sales services for securities
- Carry out investment banking for firms and the government
- As Securities Analysts
- Advise on floatation's of shares in conjunction with the merchant banks
- Have knowledge of the market to be able to anticipate certain trends and make predictions
- Work with firms which provide advice on buying and selling of shares and also by those firms which have funds to be managed
- Work in merchant banks, insurance and pension funds.
- Are involved with huge investments made by millions of investors. The funds are eventually disbursed as insurance claims, pensions etc.
- As specialists they are financial advisors who provide advice on the how and where concerning investment.
Employment Opportunities
- Large Businesses
- Broking firms
- Investment banks
- Traditional banks dealing with broking firms
- Investment consultancies
- Insurance companies
- Pension funds
- Foundations
- Mutual funds
- Other financial institutions
- Magazines and Newspapers
- Research
Recruiting Companies
HDFC Security 
HSBC 
ICICI Direct - HSBC InvestDirect(India) Ltd.
- Kotak Securities Ltd.
- Motilal Oswal Securities Ltd.
- Karvy Consultants
How do I get there?
*Brokers and all stock market traders have to be certified. The
certifying authority is the National Stock exchange which conducts
online tests called NSE Certification in Financial Markets(NCFM).
Preparation can be made with assistance from accredited test
centers. The NCFM test is an online certification that evaluates
the financial understanding of an individual. There are accredited
institutes which serve as test centers and also provide classroom
coaching for the NCFM certification test.
National Institute of Securities Markets (NISM), Mumbai,
established by SEBI has developed and implemented certification
examinations for professionals employed in various segments of the
Indian securities markets https://certifications.nism.ac.in
**Mutual Fund brokers and agents also need to be certified by the Association of Mutual Funds in India (AMFI). AMFI has designed the AMFIMF Testing program. The test has been made mandatory by SEBI for all agent distributors. It is an automated multiple-choice online test no prior knowledge of computers is required. The AMFI MF Test is also offered as a separate module of the National Stock Exchange's (NSE) Certification in Financial Markets (NCFM) along with other subjects such as derivative trading and capital markets
***Bombay Stock Exchange (BSE) also gives certification on
Derivatives Exchange (BCDE).BCDE is awarded to only those
candidates who obtain a minimum of 60% marks. There is no minimum
eligibility criterion for taking the test. BSE Institute Ltd (BIL),
a subsidiary of BSE Ltd, provides specialized educational programs,
training and certification in Capital Markets.
****Post graduate programmes in capital markets is available with
some universities and private institutes. For membership of the
stock exchange traineeship for a minimum of six months with broking
firms is required
Note :Other relevant qualifications are :
CFA-This certification covers a broad range of topics related to
financial markets like Stock, bonds, derivatives, interest rate
etc.
FRM-Financial Risk Management(FRM) is a training in risk management
in investment banks, asset management etc.
ICFAI, HyderabadFeatured Institutes in India
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Content on this page is by Career Expert Mrs. Kum Kum Tandon MA (Psychology), M.Ed, Diploma in Educational Psychology, Vocational Guidance & Counseling (NCERT, Delhi) | View Complete Profile |