Stock Brokering involves buying and selling of
shares for clients on commission basis. But most big broking firms don’t
restrict themselves just to shares. Some stock brokering companies and
stock brokerage firms in India offer mutual funds, insurances,
commodities, currencies and other financial products as well. Most firms
recruit freshers as Assistant Relationship Managers (ARMs) and
Relationship Managers (RMs). These professionals job is to be in
constant touch with the clients, inform them of market movements and
advise them on the amount of risk they should take. They are the one
point contact of the clients. They take orders from clients to buy and
sell at specific rates. Besides working with existing clients, they also
solicit more business for the company. An ideal RM would be someone who
raises the client’s net worth.
The
educational requirement needed to be a successful stock broker include
an undergraduate degree in any finance-related field and a registered
representative license. However, to gain access to more employment
opportunities, it is essential to obtain a master′s degree in business
administration (MBA). In addition, a stock broker is required to attend
training courses throughout his career in order to stay current with the
ever-changing nature of the industry. Along with academic training, a
stock broker must demonstrate excellent communication and analytical
skills in order to maintain client relationship as well as
professionalism and confidentiality when handling the financial
information of others.
The
duties of a stock broker involve formulating investment plans for
clients based on their specific needs while managing the records and
monitoring the transactions of client investments. In addition, a stock
broker must keep updated on financial reports while gathering
information about stocks, mutual funds, bonds and pension plans.
रुशष्ड्डह्लद्बशठ्ठह्य
Stock
brokers have the option to work in different business settings,
including banks, investment firms, credit unions and other areas where
they are able to buy and sell stocks and other securities.
Through
experience and proven success, a stock broker has the advantage of
managing larger corporate accounts and retirement funds. In addition,
with the right level of expertise, he can be promoted to branch manager.
A
relationship manager with MBA in finance can draw 2.4 lacs to 4 lacs a
year (depending on the firm). Non finance RMs earns less. A good RMs can
rise to become a team leader, a zonal manager of a branch or an AVP.
Apart from this, One can start it with a very small amount i.e. even
within two lacs and with sincere efforts can easily reach to Rs. 50,000+
earning per month within 3-4 months and can grow to any big amount as
per one’s efforts & sincerity. This profession also enjoys a good
status in the society as all want to earn maximum and this is one avenue
which can give a lot of returns.
- National Stock Exchange, Mumbai www.nseindia.com/education/cantent/nse_certification.htm
- Institute of Company Secretaries of India, New Delhi (PG course in capital market and financial services) www.icsi.edu
- The Indian Institute of Finance, New Delhi (Master of Business Finance) www.iif.edu
- Jamnalal Bajaj Institute of Management, Mumbai, www.jbims.edu
- NMIMS University, Mumbai, www.nmims.edu
- SP Jain Institute of Management & Research, Mumbai, www.spjimr.org
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