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Career focus: Time to catch the bull by the horns
The brokers now are suave, progressive, and deal in billions. Why not take stalk of this situation and make a career in stocks? If you are one who likes to get your adrenaline rush by monitoring the activity of bulls and bears on the stock market, a career as a stock broker is the one for you.
The sensex has reached new heights, crossing the 10000-point mark, and is climbing higher.
In terms of purchasing power, the Indian economy now boasts of being the fourth largest in the world, following the US, China and Japan. We are now perceived to be a credible, sustainable, reliable and competitive trade partner by nations and MNC giants.
The face of the share-market and brokers is fast changing. Stock market houses are redefining themselves and the business of stock broking is highly lucrative today. The brokers now are suave, progressive, and deal in billions.
Why not take stalk of this situation and make a career in stocks? If you are one who likes to get your adrenaline rush by monitoring the activity of bulls and bears on the stock market, a career as a stock broker is the one for you.
The Stock exchange is where securities are bought and sold. There is a high level of volatility and price fluctuation in the market and this is determined by the demand and supply of stocks at any given time.
Stockbrokers are those who buy and sell securities on behalf of people and institutions. They get a commission on every deal. They are professionals, with computerised operations backed with support from the industry who monitor the stock exchange. In order to give expert financial advice, a stock broker has to stay ahead of the latest investment trends.
Traits
A flair for numbers, analytical and logical thinking, tact in handling people, a sound business sense combination of speculation with learnt skills and risk taking.
Job opportunities
With more than twenty stock exchanges in India accounting for about seven thousand companies, stock brokers are very much in demand.
Eligibility
Stockbroking requires the services of specialists from varied fields such as economists, accountants, finance managers, finance analysts, specialists in capital markets, investment analysts and finance planners.
Although a Bachelor’s degree in Commerce will do the trick, it is advisable to get training in specific financial interest areas. Most firms prefer to take on MBA’s with a specialisation in finance, or postgraduates with specialised training in capital markets, stocks and securities or other courses in financial management.
With professional qualification, you can either join a stock broking firm or stock exchange, or even open your own financial agency.
