A stock broker is a qualified person who deals in various kinds of stocks and securities on behalf on a particular investor. In this case stocks mean shares, which gets traded in the stock market. With the boom in the market people have started to shift their attention and now even a small salaried person who works in a small organization as a clerk wants to trade in the market as the profits that he would earn risking are very high.
But he will not be allowed to trade in the market individually. He needs to contact a stock broker or stock broking house. Now who qualifies to become a stock broker? As per SEBI (Securities and Exchange Board of India) in order to qualify for the position of the Stock broker or Stock trader you need to have the below mentioned qualifications
The minimum qualification required to become a stock broker is a graduation with at least 2 years of experience in a stock broking firm. A sub-broker, the previous stage of being a broker needs to have passed the XIIth standard to be eligible for his job. In India there are institutes offering courses in stock broking. Some of the renowned ones providing certified courses in Mumbai are listed below
1. Bombay Stock Exchange’s BSE Training Institute, Mumbai
2. Institute of Financial and Investment Planning, B/303,Ventex Vikas, M.V.Road, Andheri(E) Mumbai 69
3. The UTI Institute of capital Market, Plot 82, Sector – 17, Vashi, Navi Mumbai – 400 705
After completing the course one has to register with the Securities and Exchange Board of India (SEBI) to become a broker.
In the earlier times when the markets moved up by 200 and 300 points and when our economies were not so strong students and youngsters were not so keen in taking up this career as it did not provide them with ample opportunities. But now with the markets riding on a wild bull these courses and careers in this field have gained tremendous impetus. The new courses offered make the new entrant equipped with enough knowledge to enter these competent markets without fear.
The professionals have got career opportunities under various fields. He may work in:
· Business Houses
· Stock Broking Firms
· Investment Banks
· One can work as a dealer or an analyst (to be an analyst one needs to be be a M.B.A or a C.A)
Apart from that if the person gets an opportunity to work in NASDAQ as a stock broker or if you could join any stock trading company who does trading in stocks then the monetary benefits are quite high.
Liberalization and globalization of economy have made the stock broking and stock trading a hot pancake for most investors who have some experience and interest in Stock trading
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