What Are the Functions of a Stock Broker?

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Most people who choose to invest in stocks and bonds do not have the confidence or expertise to do so without professional advice and counsel. A stock broker provides this service. According to data provided by Salary.com, in 2009 a United States stock broker earned an annual median salary of $54,634.

Job Duties

  • The focal point of a stock broker's job is finding and retaining a client base of investors with substantial liquid assets. He advises them on when to buy and sell stocks and keeps them apprised of market trends and projections. The broker uses a variety of sources to buy and sell stocks, including online trading sites and floor brokers at stock exchanges.

Skill Requirements

  • Expertise in math and statistical analysis is necessary for the broker to disseminate sound investment advice. Honesty and integrity attract investors to her and encourage them to make referrals. Time management abilities enable her to act quickly on buying and selling stocks.

Preferred Background

  • A bachelor's degree with emphasis in economics or finance is normally the minimum educational requirement. Some employers require a master's degree in business administration. Large investment firms frequently offer internships to promising job applicants.

References

  • Photo Credit stock market analysis screenshot image by .shock from Fotolia.com
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