Stockbroker

Typical Salary

£24,000 To £125,000

Typical Hours

50 to 60 a week

early mornings flexibly

How To Become a Stockbroker

You can get into this job through:

a university course
an apprenticeship
applying directly
a graduate training scheme

College / University

You could start by doing a degree in a relevant subject like:

management
business
economics
finance
maths

2 to 3 A levels, or equivalent, for a degree

Apprenticeship

You may be able to get into this job through an investment specialist higher apprenticeship or financial services professional degree apprenticeship.

4 or 5 GCSEs at grades 9 to 4 (A* to C) and A levels, or equivalent, for a higher or degree apprenticeship

Routes into this Career

Routes into this Career are not listed for this job.

You could move into stockbroking if you have a experience in accountancy, banking or insurance and take further training on the job.

Other Routes

You can apply for a place on a company's graduate training scheme if you have a degree. You'll usually need at least an upper second class degree to apply. Useful subjects include:

business management
economics
finance
maths

There's a lot of competition for places, so it'll help if you have some relevant work experience.

Many graduates also have a postgraduate qualification like a master's in business administration.

Skills And Knowledge

You'll need:

excellent verbal communication skills
maths knowledge
analytical thinking skills
knowledge of economics and accounting
the ability to use your judgement and make decisions
customer service skills
the ability to accept criticism and work well under pressure
the ability to use your initiative
to be able to use a computer and the main software packages competently

Day To Day Tasks

You'll be:

researching markets and the latest trading figures
working closely with investment analysts
generating new business and developing close relationships
calling clients to manage and review their portfolios, and advising on risks
giving presentations to clients
instructing stock market traders, to achieve the best market prices
meeting profit, new business and retention targets
keeping up to date with tax and financial legislation

Working Environment

You could work in an office.

Career Path & Progression

With experience and a good track record you could progress to become a trader, relationship manager or fund manager.

You could also become a partner or set up your own business.

Volunteering Opportunities

Volunteering Opportunities are not listed for this job.

Tips & Information

Registration

you'll need to register as an 'approved person' by the Financial Conduct Authority

Career tips

Companies sometimes offer summer internships and choose graduate recruits when their degree finishes. They usually recruit graduates through university job fairs.

Skills in a second language can also help you to find a job.

Further information

You can find out more about careers and training in stockbroking from the Chartered Institute for Securities & Investment and the Chartered Financial Analysts Society UK.

Restrictions & Requirements

Restrictions & Requirements are not listed for this job.