What is the job all about?
A Stock exchange where stock brokers buy and/or sell stocks (also called shares), bonds, and other securities. A broker works on his own, or for a brokerage house,. Brokers interact directly with the client. He furnishes information to prospective customers regarding shares, bonds, securities, prospects of business and market conditions. He then Buys and sells shares, bonds, securities, etc. on behalf of customers in stock exchange on commission basis.
Can I go for it?
To succeed in Stock broking you need strong nerves. Because you need to give sound financial advice to your clients based on your up-to-date knowledge of the Companies they want to invest in i.e.Studying balance sheets and market rates of important shares, bonds, securities, etc. You will need to explain to customers about advantages and disadvantages of purchasing, selling or exchanging different types of shares, bonds, at the particular date in question due volatilities in the market etc.
Is there a future in this field?
As long as you keep reading and keeping your ears open to market trends you will do well.In short there is no place for lethargy. Proficient in maintaining account of day-to-day transactions and settles account with clients periodically after deducting his own commission.
Where do I start?
One needs to be a graduate, preferably in commerce, to be stock broker. Any work experience in similar fields is always handy. The minimum eligibility to be a sub-broker (the previous stage of being a broker) is a high school education. In India, the minimum age to be a stock broker is 21 years.
The stock brokers need to get themselves registered with Securities Exchange Board of India (SEBI), the controlling body of securities in India. The broker has to appear in various exams where one is judged on subjects like securities and portfolio management, economics, capital markets, etc.
In Goa
You can progress upto B.Com
Outside Goa
Indian Institute of Management
Institute of Chartered Accountants of India
Institute of Company Secretaries of India
http://www.icsi.edu/Student/CoursesOffered.aspx
BSE Institute Ltd.
http://www.bsebti.com/
NSE
https://www.nseindia.com/
Institute of Chartered Financial Analysts of India
http://www.icfaiuniversity.in/
National Institute of Securities Markets
http://www.nism.ac.in/
https://scholarships.gov.in/main.do
Employment Avenues
Further, larger broking firms prefer MBA (Fin), or, Chartered Accountants, or, Chartered Financial Analysts (CFAs). One needs to have a strong interest in financial markets, accounting and economics, along with strong analytical and quantitative skills.
However, the bigger brokerage firms like Kotak Securities, ICICI Securities, Karvy, MotilalOswal(in India) and Morgan Stanley, Bank of America, Meryll Lynch (Global) favour MBAs and CAs. Hence, a list of top colleges in relevant fields is listed below for a quick reference.
http://www.bsebti.com/all_program_pages/advance_program_stock_market.html
Monies
For candidates with 0 – 3 years of experience – Rs 15,000 to Rs 18,000 per month.
Please do not be satisfied with just acquiring a Degree/Diploma – try and enhance your CV by doing online learning programs (with a certificate) of programs relevant to your choice of career. Your chances of employment will be much better than just a plain degree/diploma.
Please check this website under other details for places you can learn online. Also try and develop your confidence by doing a public speaking training program with people like Toast Masters International.
For government jobs: please check : http://www.employment-newspaper.com/