Stockbroker Job Profile and Description
A Stockbroker is a certified and experienced financial advisor whose job is to buy and sell shares etc on behalf of the clients or investors. Clients take help from stockbrokers because stockbrokers generally have the right knowledge and the professional experience which is required to be sure of the risks involved in certain investment options and the benefits of the others.
Stockbroker Duties and Responsibilities
The duties and responsibilities of a Stockbroker will involve:
- The main duty and responsibility of a stockbroker is making and formulating the investment plans for their respective clients on the basis of the requirements and specific details of the clients.
- A stockbroker is also responsible for managing and monitoring the various transactions of the investments of the clients.
- He/she is also required to keep financial reports etc updated and should always try to gather more information about the ongoing financial trends etc.
Stockbroker Skills and Specifications
The skills and specifications required to become a stockbroker are given as follows:
- A stockbroker must possess exceptional oral and written communication skills and leadership qualities.
- He/she must also have strong analytical skills which are very important to maintain a good working relationship with the client.
- Knowledge regarding the financial world and associated tasks is also required.
Stockbroker Education and Qualification
The education and qualification requirements for a Stockbroker are as follows:
- A bachelor’s degree in a finance related field or subject is very important.
- Master’s degree in business administration is also preferred and often asked for by many employers.
- A stockbroker must also attend several training courses and internships so as to gain experience.
The average median salary of a person working as a stockbroker is $64810 but stockbrokers may also earn higher salaries depending upon their skills, education and experience in this field.