How to Become a Stockbroker?

Stockbroker is one of the most popular career options in the finance niche. If you are really serious about making money as a business student, stockbroker should be your first choice. As a stockbroker, the amount of money you make is definitely higher compared to other management career choices. There are many stockbrokers who make millions of dollars every year so you can also reach that level. But before you think about the potential earning of stockbrokers, you need to know how you can become a stockbroker. After all, you need to be acquainted with all the facts that are necessary to know for becoming a stockbroker. In this article, we are going to discuss about steps that you need to take to become a licensed stockbroker.

First of all, to become a stockbroker, you need to complete Bachelor’s in any one of the below mentioned subjects:

Accounting

Finance

Economics

Mathematics

Statistics

Once you complete your Bachelor degree, you need to start your internship at one of the brokerage firms. Most brokerage firms would require you to have MBA since there is intense competition among stockbroker enthusiasts. In this regard, I would suggest you to join MBA as soon as you complete your Bachelors. That would mean you will be looked upon seriously by potential employers. Also once you complete your MBA, brokerage firms will take you easily as an intern. Once you are recruited as an intern, you need to complete at least six months at a brokerage firm. Learn more about various requirements to become a stockbroker by going to our website.

You won’t be able to start practice as a stockbroker until and unless you pass Series 7 and Series 63 license examination. To be eligible to sit for these licensing examinations, you must be sponsored by a brokerage firm. So make sure that your brokerage firm is willing to sponsor you before you agree to be hired with them. The Series 7 licensing examination is considered one of the toughest professional licensing examinations so make sure you prepare adequately. You need to secure at least 72% marks to pass this examination. Once you pass this examination successfully, you will be legally entitled to start practice as a stockbroker.

Are you interested in learning about various ways through which you can become a stockbroker? if you are, you can go to our website at Http://www.stockbrokercareerhq.com/ and get all the information.

 

 

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Emily H

Emily currently works for Dream Linux as a full time social media director, she has been actively involved with several social media campaigns as well as market research and social analysis.