This is Error
This is Success

Stock Broker

Who is a Stock Broker?

Stockbrokers are agents who indulge in stock trades i.e. purchase and sell stocks on behalf of their investors. A stockbroker is also referred to as a commodities or securities sales agent or a securities sales agent.

What does a Stock Broker do?

They offer valuable information and services to their clients. They guide their clients on when to sell and purchase the stocks, as well as, at what prices. A stocker broker charges a commission and fee for their services. The market today has three types of stocker brokers-bank brokers, full-service brokers, and discount brokers. A stocker broker also makes sure that the stock trading company he/she represents also maximizes their profit in the longer duration.

What are the skills required?

Interested candidates should have the following skills/eligibility:

  • A graduate degree, as well as, a minimum work experience of 2 years in the field of stockbroking

  • They should qualify in their 12th exam

  • Candidates with finance, business, commerce, and economics qualifications may choose this profession

  • Strong business acumen

  • Logical thinking skill

  • Confidence and patience

  • Should have an attitude of responsibility

  • Analytical mind

  • Excellent mathematical skills

  • Effective communication skills

  • The ability to solve complicated issues

Interested candidates should register themselves with the SEBI or Securities and Exchange Board of India after completing one of the stipulated courses

Top colleges offering courses on Stock Broking in India

Some of the top colleges or institutes where you can study stock broking in India are as follows:

  • Institute of Chartered Financial Analysts of India (ICFAI), Hyderabad

  • All India Centre for Capital Market Studies, Nasik

  • Mumbai Stock Exchange Training Institute, Mumbai

  • Institute of Capital Market Development, New Delhi

  • Institute of Company Secretaries of India, New Delhi

  • Institute of Financial and Investment Planning, Mumbai

  • National Institute of Financial Management

What is the Career Scope for a Stock Broker in India?

In India, a career in stockbroking has excellent prospects. There are job opportunities in different companies because of liberalization and economic growth. Following are some of the places where a stockbroker can find employment in the country:

  • They can find employment in different firms and agencies in India and abroad

  • Stockbrokers can work as securities analysts, advisors, or dealers

  • They have an option to open their own consultancy agency after getting experience for some years

  • If the candidate has acquired a degree in stockbroking, he/she can work as a market specialist, financial analyst, or a financial manager

  • Large broking organizations give preference to MBA (Finance), CA or Chartered Accountants, and CFAs or Chartered Financial Analysts to work as their financial analysts for the stock market

How much does a Stock Broker Make?

A stock broker’s salary will depend on their performance, as well as, qualification. In the beginning, a stock broker’s salary can be around Rs 3,75000 a year.  Salary increases as experience increases.

There are some broking businesses that pay bonuses apart from the salary to their stockbrokers based on their performance.  

Major recruiters

Some of the top recruiters of stockbrokers in the country are as follows:

  • Reliance Capital Ltd

  • Angel Broking limited

  • JP Morgan

  • HDFC

  • Karvy Consultancy

  • Kotak Securities Ltd.

  • Sharekhan Limited

  • Indiabulls

  • India Infoline

  • ICICI Direct

Interesting facts

  • Since 2019, Zerodha is regarded as the top stock broker in India. They are followed by other eminent stockbrokers such as ICICI Bank, HDFC Bank, and Sharekhan.

  • Another interesting fact is that the BSE or Bombay Stock Exchange is the world’s biggest stock exchange with respect to the number of listed organizations on any exchange.

  • A third intriguing fact is that when Sachin Tendulkar played international cricket, his dismissal had an adverse effect on the performance of the Indian stock market.

  • 9CC helps you in availing a promo code - NOTICE100 through which you can pursue this course entirely free of cost (Basics of Financial Markets)