The work of a stock exchange broker often conveys the idea of being surrounded by glamor. There are many films that portray stories of people who were going through serious financial problems and found ‘salvation’ operating in this type of environment: The Pursuit of Happiness and The Wolf of Wall Street are some of them.
However, when it comes to real life, the scenario is a little different. To work on the stock exchange, it is necessary to study carefully and dedicate yourself to preparation.
If you are interested or curious about the universe of the stock exchange and how to get started, continue with us. Today we are going to show you what to study to start working in this segment. Check out!
What a stock exchange professional does
Let’s start by clearing up doubts about the type of work that is done on the stock exchange. The famous profession of the stock exchange is that of a financial broker or investment agent. This
professional has the function of dealing with individuals or legal entities and guiding them in the best way in order to make an investment in the financial market, whether through direct treasury or other actions. How does he do it? Through your knowledge of the market.
Do you see the importance of studies? In this way, the broker can analyze which are the best actions to invest and helps his clients to be successful within the financial issue.
The most interesting thing is that the financial broker can also be sought by new companies in the financial market. In such cases he is responsible for helping to find good stock buyers.
This is how the investment agent receives money: each action taken by his clients generates a commission.
What does it take to become a good financial broker?
If you like finance and are attracted to this unexpected but exciting world, we recommend that you follow these steps:
Dedicate yourself to learning finance
This tip may seem silly, but it is very important for you to be successful in the area. In addition to being interested in the financial market, invest in a good course, such as accounting, economics or even administration. They will give you a good foundation to start developing, and they are great for your career.
Improve your English
This is a part that must also be fundamental in your studies: English. You may even think that it is unnecessary or exaggerated, but, in fact, it will be something that you use a lot in your daily life.
Do you know why? The vast majority of stock exchange investors are foreigners and the most universal language used in these cases is English. So, if you dream of working in the stock market, don’t hesitate and start improving this language.
Study hard for the qualifying exam
To be accepted as a financial broker, you must pass a qualifying exam by the National Association of Brokers and Distributors of Securities, Foreign Exchange and Commodities.
This test is made up of questions related to the investment market, so, be careful in the preparation to get your space in this area.
Although brokers must have knowledge of finance and investments, they must also have very strong sales skills. A large part of the broker’s job is reaching out to potential clients.
Most brokers are required to meet certain sales quotas in order to remain employed, and they are responsible for bringing in new clients and selling stocks or other investment products.
Brokers typically prefer to employ brokers who have at least a bachelor’s degree. Preferably in the areas of economics. Today, many colleges offer degrees in economics. Therefore, looking for a course with an emphasis on finance can be a good preparation for a career as a broker.
Students in finance programs take courses that involve math and science, in addition to basic management courses such as economics, accounting, business law, marketing, administration, organizational behavior and information systems.
These courses can cover topics such as business capital management, investments and portfolio management, financial modeling, risk management, financial markets and institutions and corporate finance.
Well, that’s it, reader! We hope that now you know everything about the stock broker profession. To the next!