Stockbroker Job Description
Stockbrokers are financial professionals who are trained to gather information about stocks, bonds, mutual funds, pension plans and other similar financial instruments. These professionals use the information they collect to evaluate the potential of financial instruments and to locate potential clients who may be interested in purchasing or selling these instruments.
Other People Are Reading
-
Responsibilities
-
Stockbrokers develop investment plans based on the needs of a specific client, maintain records of the investments each client makes, monitor transactions related to a client's investments, review financial reports and perform other similar tasks.
Education/Training
-
A stockbroker is typically required to have a bachelor's degree in any field and a registered representative license. However, a stockbroker with a master's degree in business administration (MBA) may have access to more employment opportunities.
-
Salary
-
A survey conducted by the U.S. Bureau of Labor Statistics in May 2006 indicates that stockbrokers may earn anywhere from $31,000 to $145,000 a year depending on their experience and/or skill.
Career Development
-
A stockbroker may receive the opportunity to handle larger accounts (banks, corporate accounts, retirement funds) or to become a branch manager with enough experience and/or education (as required by clients and/or employer).
Work Locations
-
Stockbrokers typically work in banks, credit unions, investment firms, the homes of clients and other similar locations in which a broker may be able to sell stocks and other securities.
-
