Types of Jobs on Wall Street

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People interested in jobs on Wall Street can seek employment in both the financial and technological fields. Wall Street firms look for talented people with technological expertise to design programs based on risk and wealth management. These firms also continue to look for talented sales agents with financial experience as sales agents for securities transactions.

Computer Programmer

  • Wall Street employment opportunities allow for computer programmers to find work within investment firms. By writing new programs or modifying existing ones, programmers convert instructions into computer code used in a number of programming languages. Computer programmers develop applications designed to assist financial firms in their computing needs while keeping network servers and systems running effectively. Computer programmers should have a bachelor's degree, yet a two-year degree or certificate may be enough for many jobs in this profession.

Stockbroker

  • As sales agents in the investment market, stockbrokers advise clients on which appropriate investments to acquire based on the client's needs and finances. The stockbroker builds a client list, using cold-calling techniques and sales tactics. Once the client decides on which investment to take, the broker sends electronic orders to the securities exchange floor, where the transaction is completed. A bachelor's degree in finance, accounting and business is required for most stockbroker positions. A stockbroker wanting to advanced in the field will need an MBA or professional certification.

Floor Broker

  • When an investment order reaches the commodities or stock exchange floor, floor brokers handle the request. These sales agents work exclusively in the buying and selling of investment securities through the firm's computers. A floor broker negotiates the investment price with other floor brokers until a sale is reached. The broker forwards the purchase price to the sales agents. Like stockbrokers, most floor brokers need a bachelor's degree in business, accounting and finance with a MBA or professional certificate to receive an advanced position.

Database Administrators

  • Another technological job within Wall Street firms consists of database administrators. These administrators work with database management software, developing ways to store, analyze and use business data. By identifying user needs, the administrator sets up data in new systems to ensure optimal performance. The database administrator also troubleshoots problems and adds new users to the system. People in this job position have a bachelor's degree in a computer-related field. Some employers require database administrators to have a master's degree in business administration with a specialization in information systems.

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