Timing and good decision making is something you'll need as a trainee stockbroker , making sound investments on behalf of your clients on a daily basis. You'll have to find new business for your organisation and open new client accounts. You'd also be undertaking many of the day to day tasks to help run the business, which will usually be delegated to you by more experienced stockbrokers.
As a trainee stockbroker you can work for individuals or companies large and small. You'd be working as part of a team alongside investment analysts, who carry out research into how companies are doing. The London Stock Exchange opens at 8am, so you would normally be at your desk by 7am, and stay until the trading desk closes often around 6pm. You would usually work in a large, open-plan office, and spend most of your time at the computer and on the telephone.
It can be a noisy and pressurised environment. Most jobs are based in London, but there are opportunities in other major cities in the UK and in overseas financial centres.
With experience and a good track record, you will progress to become a full stockbroker. From here you can build you career towards an account or fund manager position. Or, if you wish, you could set up your own stockbroking firm and work for yourself.
See what people are earning in this job. The nature of the job means you can expect early starts and long hours. There are no set qualifications if you want to become a stockbroker, although most employers will expect you to have a degree normally class 2: Your degree could be in any subject, but economics, business, finance or accountancy may give you the edge.
Please check with colleges or universities for degree entry requirements. If your degree is not in a business-related subject, you must be able to show employers that you understand how financial markets work. It may be helpful if you find a work experience placement in an investment bank or similar company.
Early on, you will begin as a graduate trainee in an investment bank or a firm of stockbrokers. Many companies have tough recruitment processes, with several tests and interviews. It is becoming more common for employers to ask for postgraduate qualifications such as an MSc or MBA. You could also become a trainee stockbroker after gaining experience as an investments administrator or investment analyst. To become registered, you must pass an appropriate exam approved by the FSA.
See the Financial Services Skills Council website for a full list of appropriate exams. You could take either of the following qualifications: With more experience usually around three years' , you could take more advanced professional qualifications, such as: You should also have continuous training throughout your career, to keep up to date with new procedures and regulations.
Experienced financial advisers can also give investment advice and manage clients' portfolios if they have had relevant training, such as the Diploma in Financial Planning. Language skills, especially German, Japanese, French and Russian can also be an advantage if you want to work with overseas clients and markets. Interested in this job? Assistant bank manager job description. Bank cashier job description. Bank clerk job description.
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Phone calls Letters and paper work Research Attending meetings General account handling and other duties As a trainee stockbroker you can work for individuals or companies large and small. Find trainee jobs now See all of our current trainee vacancies or sign up to have new trainee jobs emailed directly to you. Analytical jobs for numerical people Assistant bank manager job description Bank cashier job description Bank clerk job description Bank manager job description.
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