Firms usually want college graduates, but it is not really necessary nor really a requirement but many firms like it and make it their requirement. Bank broker/dealers usually want all the sales reps to be college graduates.
Your college major is not important, (No courses in the academic world prepares you to be a broker). But since your coming into the world of Finance, some of the more helpful majors would be Finance, Accounting, Economics or Statistics,
You should be good at math and have a decent idea about the stock market. You should be good at selling, and it would help if you have an outgoing personality. So if you‘re good at sales, or have a good sales background in place of a college degree, you’re part way there.
Try to get with any major brokerage firm they will put you through an in-house training program, which is primarily getting you ready to take the necessary test for licenses. You will need a Series 7 which is a General Securities Brokers test, and a Series 63 which is just for state approvals.
Most brokerage firms, except bank B/Ds, will put you on salary and once you have passed the test, they will slowly take you off salary and put you on commission basis pay out. Banks will usually keep you on salary but no commissions.
If you have your choice, you’re always better going to work for a regular B/D rather than a bank you will learn, faster, better and the proper way of how the industry works. As a broker for a B/D you can always find another B/D that will hire you or at the worse, you can always work for a bank. But if you’re Bank B/D trained and licensed, it’s very difficult to go work for a regular B/D unless you have years of experience or believe you can bring a “big book”
Don't believe those that say the internet is killing brokersw, nothing can be further from the truth, major firms are still paying over 6 figures to get good experienced brokers
Brokers do more than "complete trades" but the unknowing don't undertand that.
Good luck, go try it, you may like it
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Please be kind to investors the world over and do not become a stock broker. There are quite enough of the type that will sell anything to anyone to make a buck without regard to the quality of the investment. The world needs no more of those. Become a race car driver.
Stockbroker is one of those jobs that is just getting killed by the internet like travel agent and real estate agent. Therefore I suggest you aim at being a stock analyst, etc., because even people who trade online still need analysis, but they don't need a broker to complete their trades.
im 14 and want to become stockbroker i think i can be a good salesman because i have sold many things to my friends like pc games or even some crappy games but here are my questions.
1.how many years do you need for these
1.Economics 2.finance 3.mathematic s4.accounting 5.business management
and what you think is the most trustfull to the other people to see that you have that kind of degree that is more clolely to stockbroker and that hire you more easily with that degree also.
2.what from all big financial districtsin all over the world you think are top 5 ? that you can make money easily .also im from greece but im going to go college in usa probably we are economically fine my dads job is doing fake rocks or also known as artificial rocks and also designer so we are not crazy rich but we can afford a college also this is my second option i want to be a race car driver but if i dont make it or change my mind i want to become stockbroker also i think probably im going to stop the local racing if im going to college ofcaurse after when i finish im going to keep going on racing or i will become stockbroker im not sure also dont right in answers also you dont become just like this race car driver i have in racing the most experience because i started karting with my dad helping me at age of 4 also i started racing at 8 and started in private track driving manual car at age of 10 with my dad at passenger seat.
