Stock Broker as a career option – Colleges and top recruiters in India


Are you passionate about to know how Sensex & nifty work? Do you have a knack to handle finance? Stock Broking is an exciting career option that involves quite a lot of challenges. In the realm of business and commerce, the Stock Market is speedily penetrating from metros to smaller towns. Stock broker plays a crucial role in the stock market as they supervise the purchasing and selling of securities for clients who may be either individual, private organizations or institutions. Here is all you need to know about stock broker as a career option.

Stock Broker as a Career Option

About the Job of a Stock broker

A stockbroker can be an individual or a company managing their client’s financial portfolio.

Successful stockbrokers are sharp, full of innovative ideas with plenty of courage to take any sort of risk. As a stockbroker you’ll be expected to:

  • Research the financial markets
  • Consult investment analysts
  • Report to your clients
  • Monitor your clients’ investments
  • Pitch for new clients

Their role is to manage and look after their clients’ investments. They do this by offering three types of service.

1. Advisory-which is offering advice on which investments to make.

2.Execution- which is buying or selling at the client’s request.

3. Discretionary-which is being given control over all investments and making decisions on the client’s behalf.

  • Stockbroker disentangles the stock market terms & trading practices to the clients.
  • Stockbrokers purchase and sell the securities of their clients.
  • Companies financial reports,  evaluate the profitability of companies etc. are made by Investment analyst.
  • Equity Analysts research the markets and make up a platform for better financial investments. Security analysts advise on the groundwork of shares.

Career Profiles

  • Financial Advisers
  • Investment Advisor
  • Capital Market Specialists
  • Independent Agent
  • Accountants
  • Securities Analyst
  • Financial Managers
  • Security Traders
  • Security Sales Representative
  • Securities Broker

The skill required to become a stockbroker

  • Patience & Confident
  • Logical Thinking
  • Good business acumen
  • Ability to solve complicated issues
  • Good Communication skill
  • Good mathematical skills
  • Analytical mind
  • Responsible attitude

How to become a Stock Broker?

  1. You have to list yourself with the stock exchange depending upon your dealing in the securities registered at different stock exchanges.
  2. You have to undergo training to become a member after passing a written test.
  3. Deposit of a certain amount has to be made with the stock exchange as security for membership. Membership will be given after analysis that you are able to operate as a broker.
  4. You have to take certain certification exams according to the field of specialisation.

Courses related to Stock Broking

Undergraduate Courses:

  • Bachelor Degree in Finance/ Mathematics/Accounting/ Economics/ Business Management
  • Bachelor of Commerce (B.Com)

Postgraduate Courses

  • Master of Business Administration (MBA) in Finance
  • Master of Commerce (M.Com)

Certificate Courses:

  • NSE’s Certification in Financial Markets
  • NSE’s Certified Market Professional
  • Certificate Programme on Capital Markets
  • Post Graduate Diploma in Capital Market and Financial Services
  • Post Graduate Diploma in Fundamentals of Capital Market Development

Eligibility Criteria

  • The minimum eligibility required for most of these courses is 10+2 or its equivalent.
  • The minimum age required is 21 years.
  • A background in economics, commerce, business and finance is deemed necessary for this profession.

Colleges and Institutes to study stockbroking in India

  • Institute of Financial and Investment Planning, Mumbai
  • BSE Institute Limited, New Delhi
  • Institute of Company Secretaries of India, New Delhi
  • Mumbai Stock Exchange Training Institute, Mumbai
  • Institute of Chartered Financial Analysts of India (ICFAI), Hyderabad
  • Institute of Capital Market Development, New Delhi
  • National Stock Exchange (NSE) and Maharshi Dayanand University MDU, Rohtak

Top Recruiters in India

  • Angel Broking limited
  • Reliance Capital Ltd
  • HDFC
  • JP Morgan
  • ICICI Direct
  • India Infoline
  • India bulls
  • Sharekhan Limited
  • Kotak Securities Ltd.
  • Karvy Consultancy

Pay scale

The starting salary of the stockbroker is between ₹ 2 to 3 Lakh per annum. As you gain experience, then you can earn Rs. 5 to 7 Lakh per year. Bonus in addition to the salary may be paid on the basis of the performance.

In abroad, starting salary is from £24,000 to £35,000 a year.

Stock Broking is an interesting, challenging and well-paid career path. You should be blessed with patients with an ambitious outlook and an analytical mind. If you think you have the potential in you, give this career a try