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.
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.
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.
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.
- Photo Credit stock market analysis screenshot image by .shock from Fotolia.com
What Is the Role of a Stock Broker?
After the profession took on a negative image in the 1980s and 1990s stock brokers prefer to call themselves "investment counselors" or...
- The History of Stock Brokerage Firms
What Is the Role of a Broker in the Financial Market?
The general term "broker" refers to an individual or firm that charges clients a commission for assisting in the buying and selling...
A Day in the Life of a Stock Broker
A stockbroker is licensed to solicit business and transact trades in investment securities, including common stock, preferred stock, bonds, mutual funds, options,...
What Are the Advantages of a Stock Broker?
Even an experienced stock trader can benefit from a stockbroker's services. A full-service or discount broker's suitability for your portfolio depends on...
- What Are the Functions of Intermediaries in a Distribution Channel?