How to Become a Stockbroker

Many people seem to know that a stockbroker is someone who has a financially well-off job, but not everyone knows just how to get that kind of employment. If numbers and money are your thing that you might want to seriously consider this as a career. There is a lot of money to be made if you make sure that you are taking the right steps to land the dream job.

It is best to begin preparing for this career in high school through Math, Business and Economics classes. If you are already out of high school, do not worry because there is still plenty of time to get the practice and education you need. One good thing to do would be to go ahead and take a little bit of money, even if it is not much, and start a stock portfolio of your own. If you are underage, you will need to this through the help of your parents. This is a great way to see firsthand what the different investments are all about and how the returns can work.

You will want to take a close look at business schools. A four-year degree in business, finance or even economics is ideal. While it is not required, it is ideal, which means you most likely will not find yourself in the stockbroker career unless you get that four-year degree. After you are done with college, you will want to that the General Securities Registered Representative Examination, or the Series 7 exam for short).

The National Association of Securities Dealers administers this exam. Depending on the state that you are in and you will be working in, you may have to take the Uniform Securities Agents State Law Exam as well. This is also known as the Series 63 examination. The Uniform Investment Advisor Law Exam is another exam you may have to take.

If you find yourself presented with an on site training opportunity, make sure that you are not passing it up. You can work on this while you are getting ready to take all of the exams that you need. Once all of that is said and done, you will then enter a new level of play. Being a stockbroker is highly competitive. During your first several months on board with a brokerage firm, you will face long hours of training and dealings with clientele.

Just make sure that you are putting your best foot forward at all times and that your finance stockbroker resume is always kept updated. If you are ready for the rat race then go ahead and get started on your path to becoming the next up and coming stockbroker. It is a career that can be stressful but extremely rewarding at the same time.


Gail Esparan