Stockbroker

Stockbrokers manage their clients' investments by trading stocks, shares and other financial products to get the best return.

Average salary (a year)

£24,000 Starter

to

£125,000 Experienced

Typical hours (a week)

50 to 60 a week

You could work

early mornings flexibly

How to become a stockbroker

You can get into this job through:

  • a university course
  • an apprenticeship
  • applying directly
  • a graduate training scheme

University

You could start by doing a degree in a relevant subject like:

  • management
  • business
  • economics
  • finance
  • maths

Entry requirements

You'll usually need:

  • 2 to 3 A levels for a degree

More information

Apprenticeship

You may be able to get into this job through an investment specialist higher apprenticeship or financial services professional degree apprenticeship.

Entry requirements

You'll usually need:

  • 4 or 5 GCSEs at grades 9 to 4 (A* to C) and college qualifications like A levels for a higher or a degree apprenticeship

More information

Direct application

You could move into stockbroking if you have a experience in accountancy, banking or insurance and take further training on the job.

Other routes

You can apply for a place on a company's graduate training scheme if you have a degree. You'll usually need at least an upper second class degree to apply. Useful subjects include:

  • business management
  • economics
  • finance
  • maths

There's a lot of competition for places, so it'll help if you have some relevant work experience.

Many graduates also have a postgraduate qualification like a master's in business administration.

More information

Registration

Career tips

Companies sometimes offer summer internships and choose graduate recruits when their degree finishes. They usually recruit graduates through university job fairs.

Skills in a second language can also help you to find a job.

Further information

You can find out more about careers and training in stockbroking from the Chartered Institute for Securities & Investment and the Chartered Financial Analysts Society UK.

What it takes

Skills and knowledge

You'll need:

  • excellent verbal communication skills
  • maths knowledge
  • analytical thinking skills
  • knowledge of economics and accounting
  • the ability to use your judgement and make decisions
  • customer service skills
  • the ability to accept criticism and work well under pressure
  • the ability to use your initiative
  • you will be expected to use a computer confidently as part of this job.

What you'll do

Day-to-day tasks

You'll be:

  • researching markets and the latest trading figures
  • working closely with investment analysts
  • generating new business and developing close relationships
  • calling clients to manage and review their portfolios, and advising on risks
  • giving presentations to clients
  • instructing stock market traders, to achieve the best market prices
  • meeting profit, new business and retention targets
  • keeping up to date with tax and financial legislation

Working environment

You could work in an office.

Career path and progression

With experience and a good track record you could progress to become a trader, relationship manager or fund manager.

You could also become a partner or set up your own business.

Training opportunities

Apprenticeships In England

Investment Operations Apprenticeship with RBC

  • Wage : Competitive salary
  • Location: London EC4R 3BF

Investment Operations Specialist Apprentice

  • Wage : £307.88 Weekly
  • Location: Salford M5 3EE

Courses In England

Access to Business & Enterprise L3

  • Provider: MidKent College
  • Start date: 09 September 2019
  • Location: Gillingham

Access to Business Studies Diploma

  • Provider: GUILDFORD COLLEGE OF FURTHER AND HIGHER EDUCATION
  • Start date: 18 September 2019
  • Location: Guildford

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