STOCK BROKING

Stock brokers work in banks and brokerage firms and help investors such as individuals and corporations increase their net worth. He acts as a liason between an individual investor and the stock market. They should have a through understanding of market and stock trading On an on going basis stock broker is managing and reviewing the client portfolios and in large firms underwriting new stocks. Stock broker researches information about the domestic or foreign equities, securities and government stocks. With help of the stock broker advices about the clients whether to buy or sell and based on the permission of the client he proceeds to buy or sell in the stock exchange. Much of the trading takes place by telephone and via the internet.




A Stock broker is an intermediary who arranges to buy and sell the securities on behalf of clients or investors (buyers or sellers) who invest in the market. According to SEBI (Securities Exchange Board of India) Stock broker means a member of recognized stock exchange. No Stock broker is allowed to buy or sell or deal in securities, unless he or she holds a certificate of registration granted by SEBI. A Stock broker applies for registration in SEBI through a standardized stock exchange or stock exchanges of which he or she is admitted as member.

SEBI may grant a certificate to stock broker Rules.

• He holds the membership of any stock exchange.


• He or she who is a member shall abide by the rules, regulations and bye-laws of the stock exchange or stock exchange of which he is member


• In case of any changes in the status and the constitution, he or she would have to s obtain prior permission of SEBI to continue to buy, sell or deal in securities in any stock exchange.


• He or she who is a member needs to pay the amount of fees for registration in the prescribed manner and


• He or she who is member would take adequate steps for redressal of grievances of the investors within one month of the date of the receipt of the complaint and keep SEBI informed about the number, nature and other particulars of the complaints.

A Stock Broker is one of the most competitive jobs in the finance industry. Choosing a stock broker for the any individual or corporation depends upon the size of the portfolio of securities. As this sector is driven by the need for rapid, up-to-date decisions based on globally available information, most processes are conducted via leading edge technology.

With the increase demand of stock broking the market is now in need of trained professional stock brokers who can meet the challenges of the stock exchanges A couple of years down the line the youth could never have imagined that the stock exchange would be offering them a lucrative career option. With India’s economy growing by leaps and bounds the stock exchange has become a hot place of action. Stock broker employment is expected to grow 25% by the end of 2016.

• Bank of America Corp.'s (BAC) Merrill Lynch


• Morgan Stanley Smith Barney


• UBS


• Wells Fargo


• Barclays


• JP Morgan

Most of the times the salaries range form 100000 to 250000 in case of broker having 1 to 4 years of experience. And for those who have 5 to 9 years of experience salary ranges would be from 170000 to 400000 and the highest would be for the 10 to 19 years of experience nearly upto 500000 per annum

• Gender- There are differences in the salaries of the men and women with regard to the stock broking earning as males can earn upto 40,000 scale as median salary but women earn approximately 34000 annually.


• Age – Suitable age for Stock Broker would not less than 21 years


• Qualification (Academic & Additional qualifications) - A strong academic background with maths, economics and business in schools and college background with a degree in finance, economics or business will serve purpose of pursuing the career of stock broking and it is added advantage if applicants joins investment clubs which compares different investment opportunities, analyze results and jointly invest its funds


• Essential Skills - An aspirant of becoming a stock broker should have passed the certification which are prescribed by the securities board.


• Desirable Skills - Good mathematical mind and up to date information on the happening of the market is important.

Stock broking Institute of Company Secretaries of India,New Delhi which offers post-graduate membership courses in capital market and financial services. Institute of Capital Market Development1965, Arya Samaj Road, Karol Bagh, New Delhi-110 005.It offers a one-year post-graduate programme in fundamentals of capital market development. All India Centre for Capital Market Studies, JDC Byte Institute of Management studies and Research, Nasik -422 005.It offers a one-year post-graduate programme in capital market studies, in collaboration with the Mumbai Stock Exchange Training Institute leading to a diploma from the University of Pune. Mumbai Stock Exchange Training Institute, Stock Exchange Building, Fort, Mumbai. Certificate courses are run periodically throughout the year. Institute of Financial and Investment Planning, B/303, Ventex Vikas, Andheri East, Mumbai. It offers a one-year correspondence cum-lecture course leading to a diploma in financial and investment planning. Institute of Chartered Financial Analysts of India, Road 3, Banjara Hills, Hyderabad. It offers courses on Chartered Financial Analyst Equity Research. The institute is also planning a number of other related programmes. The Orion institute of Capital Market in New Delhi Management Studies and Research Institute of Financial and Investment Planning Insititute of Chartered Financial Analyst in India The UTI Institute of Capital Market

Speed is the essence of quality which a applicant should have to cope with a large volume of incoming information at any one time, swiftly without losing the accuracy. Willing to work for long hours at short notice to ensure the job is done is essential. Soft skills like Ms- Office usage is added advantage in this kind of career.