Stock Market have a extreme career opportunities when a someone want’s to make
it as profession, the question comes up is that how to take your first step?from where to start.
Stay tune!!!!you will get answer of all these question
Ever wondered who manages the money that you invest in the stocks and bonds? Anyone who want’s to enter into stock market to make bright career, He/She needs to be well educated or must have some good senses of Economy.
there are several area from where you can start,you must choose in which path he want’s based on your interest,there are many types of goods to be dealt in the market,
along with Currency along with Shares of a company and ends with Agricultural goods, and then Metals.
IF you want to start career in stock market you must decide weather he want’s to be an analyst or just a day trader according to Expert every smart trader has an analyst in himself.
Area where you can start working in stock market.
Companies hire equity analysts to research the market who can suggest profitable investment.
research analysts track the companies financial performance and do the valuation.
Companies also hire investment analysts who research and analyse financial reports.analysts also study market statistics, assess financial results and suggest long/short-term investment and share performance.
you can start as a stock broker
Stock brokers are involved in the buying and selling of stocks in the market specially for their client.
They always keep in touch with their clients, continuously updating their client about the fluctuations in the market and also advise them when to buy & sell shares.
Stock Broker Eligibility Criteria
Minimum educational qualification required to become a stock broker is a graduation along with 2 years of experience in a stock broker firm.and for sub-broker needs to have passed the class 12th standard to be eligible for his job. Minimum age required: 21 years.
How to become a stock broker
for become stock broker you need to register and become a member of a stock exchange. You must also register with the SEBI. SEBI governs all the stock brokers, protects the rights of the investors and acts like a regulatory body of the ever-fluctuating markets.
Career Prospects and Salary/ Pay package in stock market
There were about 22 stock exchanges in India with 8000 listed companies, 7000 brokers and 600 investment bankers registered with the (SEBI).
in October, 2014, the Bombay Stock Exchange (BSE) was rated 10th globally among world’s stock exchanges, not every stock broker ends up becoming a Mr.Warren Buffet, you should stand to earn well like stock broker.
Roles and responsibility of Equity Dealer
Equity Dealer also known as Relationship manager. Equity dealers sell ,buy and give advice on investment and financial transaction, such as stocks, bonds, commodities and mutual funds.
They research about the companies producing these investments and give proposal to clients, which can consist of individuals,pension funds, money managers , government agencies. They work long night hours under stressful conditions because they are dealing with fast-changing conditions and transactions up to billion of dollars. Some contend with 24/7-hour financial conditions if they focus on international transaction. Most use computers to conduct their trades.
Qualifications for Equity Dealer.
For fresher’s positions, employers typically require a bachelor’s degree in finance, accounting, economics or business, other way higher-level jobs required a master’s of business administration. degrees provide students with an understanding of how the complex financial markets works. Entry level hired employees typically receive on-the-job training so they can learn about company , customer service, products services.
There are two different types of financial adviser.
Independent advisers also called independent financial advisers research and consider all retail investment products or providers available to meet the customer needs. They must provide there customer with unbiased and unlimited advice.
It is possible to enter the financial advice sector as a planner by providing research and administrative support to a financial adviser.
Qualifications for Financial Adviser
Restricted advisers gives limited advice, focusing on a particular products and range or products from one, or a limited number, of providers. All advisers should inform their customer, before providing advice whether they provide independent or restricted advice. Although this area of work is open to graduates of any discipline, the following subjects may improve your chances Some banks offer graduate training schemes whereas private banks often recruit graduates directly into the business.
- business management
- financial studies.
Relevant experience in a client service sales or financial services setting is also viewed positively new entrants often start in a bank and study part time.
Branch Manager(BM) – BM person who is responsible for administration and efficient operation in the branch office, including operations, sales, customer satisfaction, and security and safety in accordance with the Bank’s objectives. Oversees the branch teller and customer service assignment.
vice presidents(VP) –In wide ranging organizations vice presidents may ranking titles. The executive VP is the highest level vice president followed by senior vice presidents assistant VP, and associate VP. All are management level positions with that vary from organization to organization.
executive vice president(EVP) – Executive Vice President is a title generally used in wide ranking organization. They typically has broad-based Duties often being in charge of several functional areas. Sometimes EVP can be an officer of the organization, such as a CFO.
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Your Money Guide