Stock brokers buy and sell orders for stocks and other securities on behalf of clients. They are usually associated with a brokerage firm or banks and handle transactions for retail and institutional customers. Their role is to manage and look after their clients’ investments. They often receive commissions for their services, but individual compensation can vary greatly depending on where they are employed. Stock brokers are also known as Investment Advisors. The fee for registering as a stock broker runs into several lakhs. In the Indian context, most stock traders who trade on behalf of a registered stock broker are known as sub brokers.
While the minimum educational qualification to become a sub- broker in India is 10 +2, it is recommended that one completes graduation before pursuing this career option. All individuals are required to complete NISM modules on equity, mutual funds, commodities and F&O before conducting sub-broking activities. However, to become a stock broker, they have to gain experience as a sub broker or associate for at least two years to apply for a license as Stock Broker.
|Stream of Study in 12th Grade/School:
|Higher education/Post Graduation Courses:
- Some of the big broking firms prefer Chartered Accountants (CA) and Chartered Financial Analysts (CFA).
- Certifications from NISM.
- Mumbai Stock Exchange Training Institute, Mumbai
- Institute of Financial and Investment Planning, Mumbai
- All India Centre for Capital Market Studies, Nasik