If you're interested in the stock market, you'll be familiar with terms like stock exchanges, stock brokers, Nifty, and Sensex. Investing in the stock market has grown commonplace in recent years. This stock market attracts a large number of investors. The stock market is a method of making money, did you realise that it is also a field in which you may pursue a career? A stock broker is a person who acts as a link between an investor and the stock market. This field, too, has a lot of job opportunities. The stock broker serves as a conduit between the stock exchange and the individual investor. Without a broker, it is difficult for any investor to get the greatest results in the stock market. To invest in the stock market, you'll need a deposit account, and you can't get one without a broker.
There are 2 types of stock brokers:-
A full-service stockbroker is one who provides a wide range of services to clients Stock counselling (when to buy and sell shares), margin money facility for buying stock, mobile trading facility, and IPO investing facility are all services that full service stock brokers provide to their clients. This service comes with a hefty price tag. The full-time stock broker's client service is regarded as excellent.
Brokerage Services at a Low Cost: The second is that bargain brokers collect relatively minimal commissions from their clients and make it easier for them to purchase and sell stocks. Their rates are reasonable. Clients of discount stock brokers do not have access to stock advise or research. The majority of a person's job is done online, from the time they open an account until the time they close it.
Qualifications required to become a stock broker:-
You may learn how to become a stock broker by taking a course. A bachelor's degree in commerce, accountancy, economics, statistics, or business administration is required for stock brokers. In these disciplines, you can get a bachelor's degree or a master's degree.
What are the job prospects?
You can work as an equity dealer, equity trader, equity adviser, stock advisor, wealth manager, financial analyst, investment advisor, security analyst, and risk manager based on your educational background and experience. Stock exchanges, regulatory agencies, foreign investment businesses, investment consultants, mutual fund companies, broker firms, insurance agencies, banks, and other institutes are all ideal places to work in this field. A stock broker's annual remuneration might range from Rs 2 lakh to Rs 8 lakh after a few years of experience.