How do i go about becoming a stock broker?


broker
Asking Q. asked:


I’m 23 year old and just want some advice if going to college is my only option to become a stock broker.

Thanks.

This entry was posted on Monday, November 30th, 2009 at 12:00 am and is filed under Investing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “How do i go about becoming a stock broker?”

  1. theatrrap Says:
    December 2nd, 2009 at 1:56 am

    I would highly recommend going to college to become a broker. Major in economics. Then contact some brokerage firms while in college to try to get an internship or part time job. You should be able to work your way up from there. Good luck! theatrrap

  2. jpocia03 Says:
    December 2nd, 2009 at 3:30 pm

    To become a stock broker, a college education is not necessarily needed.

    What you need to do is interview with financial companies. Banks at this point in time is a good starting point.

    While you are employed they will pay for your training, licensing and some even provide tuition reimbursement programs. Although, within a bank you normally are restricted to just CD’s, mutual funds and annuities (which are insurance products). If things go well, you’ll be offered a promotion into managed money.

    A stock broker, is more of an aged term. The industry has moved more towards a financial planning/advisor role.

    However, if you mean a stock trader on the NYSE. Well, that’s a whole different story. You’ll need to find someone with deep pockets that has rented a seat on the exchange. Those usually go for approx. 1-5 million per year. Some companies will allow you to rent a seat from them. But they are few and far between.

    Just my two cents. jpocia03

  3. Narach I Says:
    December 5th, 2009 at 2:54 am

    Well, going to college and gaining an education would be the first choice. But, given your age you may also be looking at working alongside.

    So, you could start evening college to gain the education; and apply for relevant jobs in organizations which are directly associated with the stock markets for the on-the-job training.

    Both the education and the work experience are important for your future success as a stock broker.

    Sincerely,

    Akash Narach I

Leave a Reply