Career in Stock Market

Stock Brokering involves the buying and selling of shares for clients on commission basis. But most big broking firms don’t restrict themslves jut to shares. Some stock brockering companies and stock brockerage firms in india offer mutual funds, insurances, commodities, currencies and other financial products as well. Most firms recruit freshers as assistant relationship managers (ARMs) and relationship managers (RMS). These professionals job is to be in constant touch with the clients, inform them of market movements and advise them on the amount or risk they should take. They are the one point contract of the clients. They take orders from clients to buy and sell at specific rates. Besides working with existing clients, they also solicit more business for the company. An ideal RM would be someone who raises the clients net worth.

With the share scams of the 90s well behind us, dealing in stocks is now something almost everyone wants to do from working students with disposable incomes to homemakers looking to invest. The one they all go to is the career as stock broker, the person who is the interface between the share market and anyone who wants to play it, whether long-term shares or short term shares.

There is no specific academic qualification required to be a stock broker. You need to have done something in finance – an MBA, a Chartered Accountant or a plain Bcom. The most important thing is the knowledge of the market, for which one needs to read up a lot. You could even be from the arts stream and trading companies hire you if you have the required understanding. Most stock brokers learn 90 percnet of the job on the field. If you want to become a stock broker while a specific degree is not essential, a share broker does need NSE and BSE certification to operate. You should understand the pulse of the Sensex and the Nifty.

Like everything else these days, a knack for marketing is important here. That simply means you have to get clients interested in doing business with you. And if you can gain investors’ trust, career in stock broking is a very satisfying, paying and challenging profession. Plus, the image of the stock broker is quite glamorous these days, a far cry from the gambler who put people’s fortunes on the line. With the rise in the number of high net worth individuals who need to have their huge share portfolios managed, the profession has a lot going for it.

How do I get There ( Career as Share Broker )

Most Share brokerage firms hire ARMs and RMs from noted MBA institutes. In addition to your business degree, you could arm yourself with a certificate such as the NSE’s Certification in Financial Markets and BSE Certification on Derivatives Exchange. You can check more details at nseindia.com or bseindia.com

Payoff and Salary as Share Broker

The stock market is directly connected with economic growth, so higher GDP means higher salaries. A relationship manager with an MBA in finance can draw Rs. 2.4 lakh to Rs. 4 lakh a year (depending on the firm). Non finance RMs earn less. A good RM can rise to become a team leader, a zonal manager of a branch or an AVP