- Securities Broker
Who is a Securities Broker?
To be good at improving a client's business a securities broker must be able to improve himself first ~ Anonymous
Are you someone who is familiar with the concept of stocks, debentures or bonds and wishes to learn about sensex and nifty? Are you fascinated by the idea of money making given by security broker? Well then instead of just investing your money you could help others to invest theirs in different kinds of securities and earn a profit out of it. You want to know how? You can choose to become a securities broker.
A securities broker buys and sells stocks and other securities on behalf of his or her clients, now those clients might be individuals or they could also be institutions. A security broker receives a commission which is compensation for making the transaction for the client. Due to the complicated nature of investments and other factors, a securities broker must pass exams in order to become licensed to legally buy and sell securities.
Securities Broker in a Nutshell
A career as a securities broker is filled with excitement and plenty of responsibilities. One cannot afford to miss out on the details. The career as stock broker involves explaining his or her clients about the complex details related to the securities or the stock market. Choosing to become a securities broker is a good career choice especially due to the liberalisation as well as economic growth. There are several companies and organisations in India which hire a securities broker.
If you are also thinking of making a career in this field then continue reading the article, it will answer all your questions related to the field.
Quick Facts for Securities Broker
Average Salary in India
In order to opt for a career as securities broker an individual from any section or gender can do so. It does not matter which gender he or she belongs to when it comes to become a securities broker. Being a securities broker in India can be of several advantages due to the vast career opportunities available in this field where an individual’s gender is insignificant.
Although the gender is insignificant in a securities broker job but it is largely dominated by men according to current statistics.
Any special needs
When it comes to taking up securities broker jobs it is better to be physically fit for a better and efficient way of working. But, differently-abled people can work as a securities broker as it is more of mind work than physical work. If an individual can carry out all the duties without the efficiency of the work being hampered then he or she can become a securities broker.
Table of Contents for Securities Broker
What is the role of Securities Broker?
A securities broker is an individual or part of an organisation, who has been granted a license to participate in security or stock markets on behalf of his or her clients. The securities broker plays the role of an agent. A securities broker’s job includes buying and selling shares on behalf of his or her clients.
Communicating with his or her customers on a regular basis and updating them regularly on the flexibility and marketing process. A securities broker also advises when to buy. The investor should view the securities broker as someone who provides essential services and information by helping him or her make an informed investment decision.
A securities broker interacts with the clients, stakeholders or the people who are interested to invest in the securities market. As a securities broker it is his or her job to understand the requirements of the clients. One needs to keep in mind how much a client wants to invest and what kinds of returns are expected. There are several other pieces of information that are also required to be discussed therefore, interaction with a client is the first step involved while one is planning to invest in financial securities.
A securities broker is responsible to look for suitable financial security in which his or her client could invest and earn profit. One needs to keep in mind the client’s needs while deciding the possible options. A securities broker also needs to consider factors like the risk element and should advise his or her client to invest in securities with minimum possible risk.
It is the responsibility of a securities broker to constantly be in touch with his or her clients. One is required to update his or her clients about the several trends going on in the securities market and what are the results of the investment made by one’s clients.
A securities broker is also responsible for advising clients about when to buy which financial security and in what numbers. Not only that, but a securities broker is also responsible for advising clients about the right time to sell the securities in order to gain the maximum profit. It all comes after a lot of market research and analysis that is done by a securities broker on which he or she bases the advice for clients.
Types of a Securities Broker
There is a wide scope of securities broker jobs in this field after a student has completed his or her education. Depending on the person’s qualifications as well as experience one can get employed in several fields. And according to the current scenario, there are several job openings in securities broker firms. We have mentioned below roles related to securities brokers.
Some of the job opportunities include:
Financial Analyst: A financial analyst is also known as an equity or security analyst who is responsible for generating reports, analysing data, troubleshooting, researching and resolving issues related to the financial securities market. He or she checks the information to make sure their reports are accurate. A financial analyst makes recommendations on how a client can invest in several securities.
Financial Advisor: A financial advisor is a professional who is responsible for suggesting his or her clients with financial services based on the client’s financial situation and demands. A financial advisor helps his or her clients by advising them to invest in financial securities or could help them with tax laws as well as insurance decisions.
Investment Advisor: An investment advisor is any person or organisation that makes investment recommendations or conducts research to draw securities analysis in return for a fee. It can be either done through direct management of clients' assets or by way of written publications.
Also read: Career as an investment banker
What is the workplace/work environment of Securities Broker like?
A career as securities broker involves spending most of his or her time in the office environment itself. But there are occasions where one needs to step out in order to meet the clients. Although, it is not a regular occurrence. Securities broker jobs are mentally demanding at times and can extend for extra hours.
Does Securities Broker require travelling?
A career as securities broker is not a full-time travel-based job but there can be instances where a securities broker may have to travel in order to meet a client to evaluate the several parameters that determine the securities one should invest in.
The employment shift of a securities broker is full-time in nature. The duration is generally ranging between 40-45 hours a week. It often stretches depending on the workload on the individual.
A stock and securities broker works between 9 a.m. to 6 p.m on weekdays. Weekends are generally off for a securities broker. A securities broker is hired by a company or an organisation on a full-time basis. But if one is an independent agent then he or she is hired by the client on a contractual basis.
The nature of employment of a career as a securities broker is permanent in nature but it can be contractual as well. A firm hires him or her on a full-time basis. But, if one works as an independent agent then he or she is hired by the client on a contractual basis.
Presence in Geographical Area
A career as stock and securities broker provides alluring opportunities in urban and semi-urban location. Rural areas hardly have any security broking firms.
A securities broker’s job is hectic at times. He or she constantly works under pressure. One cannot afford the delay in buying or selling of securities as it can lead to losses of his or her clients.
A securities broker may have to work overtime in order to meet the desired target or deadline.
Weekly Hours of Work
Min 45 Hours
A securities broker works around eight to nine hours on a daily basis. Depending on the workload it may stretch.
How to become a Securities Broker?
What are the skills and qualities required to become a/an Securities Broker?
There are several requirements to become stock and security broker. Security broker careers demand skilled candidates, one can not do in securities job without communication and decision-making skills. We have mentioned below securities broker skills that enhance a professional securities broker resume to acquire jobs in securities brokerage firms.
Decision-making skills: It is essential that a securities broker is decisive in nature. There are several instances where a securities broker is supposed to make decisions about which financial security the client should invest in. He or she needs to be calculative as well as decisive about the decisions made. One is also required to calculate the risk in taking those decisions. Calculative and well-informed risks should be taken otherwise the client can suffer some huge amount of loss.
Leadership: A securities broker should have the ability to work with a group of people as a team. Not only that he or she should be able to lead the team as well. A securities broker may have an analyst or other people as part of his or her team in order to provide assistance. It is important that he or she is able to communicate well and work towards attaining a similar goal.
Negotiation skills: A securities broker works with the client in exchange of a fee. Therefore, it is essential that he or she has the skills to negotiate as it would directly affect one's profit margin.
Communication skills: A career as securities broker demands proficiency in communication skills. One must have a good command over his or her language. Being able to communicate well eliminates the probability of errors as well as ambiguity in the mind of the receiver. It is crucial to understand the problem and clearly explain the solution to the client is required in this job and one must be good in his or her communication skills in order to be able to carry out these functions properly.
Which certifications and internships can be helpful in becoming Securities Broker?
Internships are considered as the best possible way for gaining experience in an individual's career choice. Since being a security broker is mostly about analysing the market forces to know where to invest, when to invest and how much to invest. It can be learnt in a better way by doing it practically. Internships provide the candidate with a real-world experience. It is a way of knowing the career field before professionally joining it.
Internships provide an aspiring candidate the opportunity to apply the theoretical knowledge he or she gained, to bring them in practical use.
Not only that, internships also enable the candidate to make connections in the field for future use.If he or she performs well during the internship several companies or organisations could also hire the candidate on a full-time basis.
The candidate can get an internship either through an online medium or he or she could also contact any firm which deals with financial securities.
Career Path Progression for Securities Broker
Are you searching for how to become a securities broker or securities broker education qualifications? No need to worry, we are going to resolve your all the queries to help you establish a career as securities broker.
A career as securities broker comes with numerous promoted roles. Once you acquire a work experience, then you can opt for other related roles such as securities analyst, financial analyst and independent agent.
Securities Analyst: A securities analyst is an individual who is responsible for researching several financial securities which fit the criteria of a specific client and do a proper market analysis on them. The analysis helps in determining whether to invest or not in a particular security.
Financial Analyst: A financial analyst is a professional person, who performs financial analysis for clients or customers as an aspect of the job. A financial analyst also often recommends a course of action, such as to buy or sell a company's stock based upon its overall performance and outlook.
Independent Agent: An independent agent is a security agent who works on his own. He or she is an individual who has enough knowledge, experience as well as credibility in the market in order to get hold of new clients in order to work independently and earn a significant amount of profit.
Securities Broker Jobs and Salaries
HDFC Asset Management Company Ltd, Karvy, ICICI Securities
- Average Salary 38000
- Starting Salary 25000
- Junior Level Salary 20000
- Senior Level Salary 60000
A financial analyst estimates potential costs and revenues that will help decide strategies for new projects. Typically financial analysts study and make a report on financial statements, and also observe financial changes in the marketplace.
The income of financial analysts is dependent on work growth or strongly depends on specific industry experience and expertise. The entrance level salary may surpass three lakhs per year, and may eventually cross seven to eight lakhs per year depending on the employee's company and skills.
Karvy, HDFC Asset Management Company Ltd, ICICI Securities
- Average Salary 32000
- Starting Salary 30000
- Junior Level Salary 30000
- Senior Level Salary 40000
A securities analyst is considered as the individual who gathers information about several securities where one can invest in, and he or she does an analysis whether or not one should invest in them.
The salary of a securities analyst majorly depends on the clients he or she is handling. One gets a certain percentage of profit from the client’s profit as well. Therefore, the salary of a securities analyst also depends on the client he or she has.
HDFC Asset Management Company Ltd, ICICI Securities, Karvy
- Average Salary 45000
- Starting Salary 42000
- Junior Level Salary 42000
- Senior Level Salary 50000
An independent agent is one’s opportunity to earn a lot of money in this field using his or her experience. As an independent agent one can also set up his or her own company and hire a few people for assistance. One needs experience of several years and credibility in order to work independently in this field.
As an independent agent, the salary of an individual is not fixed. The salary depends on the number of client’s he or she has and the kind of returns their investment is yielding.
What is the job outlook for Securities Broker?
Candidates who wish to become securities brokers experience quite significant job growth. As and when the student’s gain knowledge and experience he or she steps up the ladder of designation in this field. Since the field is vast and it continues to grow, there are plenty of growth opportunities mainly due to the opening up of India’s economy. Depending on the individual’s track record of handling the clients as well as the problems and the kind of results the investments give play the most important role in an individual’s job growth.
There are several Indian firms that pay well for packages for securities brokers, there are some high-profile enterprises in the country that hire people who want experienced securities brokers.
The world continues to evolve on a daily basis and so does the country’s economy. With so much hype around financial securities and their advantages, an increasing number of people prefer to invest in them. Therefore, the market scenario for a securities broker’s career is towards the positive side given the current demand. The securities broker employment opportunities are going to expand in the upcoming years. The demand is expected to grow by seven per cent in the coming four to five years which is comparatively higher than the average of most careers and professions.
There are various factors that affect an individual’s salary. For example which college did the student study from, the experience he/she has, the hiring company, location of the job and many more.
The salary of a securities broker who has just completed his or her education and entered the market ranges somewhere in between Rs.30,000- Rs.35,000 on an average.
Once the individual has reached the executive level his or her salary is above Rs. 60,000 on a monthly basis.
Frequently Asked Questions for Securities Broker
Que. Is a securities broker a good job?Ans.
The education of a securities broker covers the most important analysis skills. A good securities broker is a good communicator, problem-solver, and thinks critically. He or she can understand the client's requirements and analyse several securities. It is one of the most valued job positions.
Que. Is being a securities broker difficult?Ans.
Being a securities broker can be tough because, at one point in this career, the individual will have a lot to deliver in a limited period of time. One needs to take care of all the clients in limited time and it can be difficult to manage.
Que. Are securities brokers well paid?Ans.
The job of a securities broker can get stressful at times but he or she is paid quite well. An individual goes through a lot of hard work and education in order to reach that position and he or she gets the remuneration accordingly.
Que. How many years does it take to become a securities broker?Ans.
In order to become a securities broker one needs to complete his or her graduation in finance, economics or any other related field. It can be three to four years long. After that one has to complete the post graduation which can be between one to two years in length depending on the choice of course. So, it takes around five-six years of education in order to become a securities broker.
Que. Can you get a securities broker job with no experience?Ans.
It is not necessary to have job experience before becoming a securities broker. But, one must have some knowledge of the field either through an internship or so.
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