If you are interested in the stock market, you will be familiar with terms such as exchanges, stockbrokers, Nifty, and Sensex. Investing in the stock market has become commonplace in recent years. This stock exchange attracts a large number of investors. The stock market is a way to make money, did you know that it is also an area in which you can make a career? A stock broker is a person who acts as a link between an investor and the stock market. This field, too, has a lot of job opportunities. The securities broker acts as an intermediary between the stock exchange and the individual investor. Without a broker, it is difficult for any investor to achieve the best results on the stock market. To invest in the stock market, you will need a deposit account, and you cannot get one without a broker.
There are 2 types of securities brokers: –
A full-service stockbroker is one who provides a wide range of services to clients Securities advice (when to buy and sell stocks), margin money facility for buying stocks, facility Mobile trading and an IPO investment facility are all services that provide full service to stock brokers. provide to their customers. This service comes with a hefty price tag. The customer service of the full-time stockbroker is considered excellent.
Low Cost Brokerage Services: The second is that business brokers earn relatively small commissions from their clients and make it easier for them to buy and sell stocks. Their rates are reasonable. Clients of discount securities dealers do not have access to stock advice or research. The majority of a person’s work is done online, from the time they open an account until the time they close it.
Qualifications required to become a securities broker: –
You can learn how to become a stockbroker by taking a course. A bachelor’s degree in commerce, accounting, economics, statistics or business administration is required for stockbrokers. In these disciplines, you can get a bachelor’s or master’s degree.
What are the job prospects?
You can work as a stock broker, stock trader, stock advisor, securities advisor, wealth manager, financial analyst, investment advisor, security analyst and risk manager depending on your education and experience. . Stock exchanges, regulatory agencies, foreign investment firms, investment consultants, mutual fund companies, brokerage firms, insurance agencies, banks and other institutes are all ideal places to work in this area. The annual compensation of a stockbroker can range from Rs 2 lakh to Rs 8 lakh after a few years of experience.
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