Entry Level Qualification 

Graduate

Career Fields 

Banking & Finance

For Specially Abled 

Career Entrance Exam 

No Entrance Exam

About Career 

1. A Stockbroker or Share Broker is a registered professional who works with brokerage companies or works independently as a financial advisor, providing investment management services and also executing the investment transaction at the financial markets (stock exchanges).

2. As a Stockbroker, you will sell stocks, buy stocks, and or other financial investments for your clients for a commission, flat rate or hourly rate. To understand more let’s understand these terms first:

3. Share: Share is the portion of the amount of the organization which someone owns. Like a company has 100 shares. 2 cofounders can own 50 shares each. So, they own 50% of the company each.

4. Stock: Let’s say these two co-founders also own few more shares in different companies. This group of shares is called stock.

5. Financial investments: it means investing your money into different things to get a good return in the future. Financial investment can be buying a property, buying shares, buying insurance, buying stocks, etc.

6. As a Stock Broker, you will represent your clients at the stock exchanges. You will have to be a registered stock broker at any of the Stock Exchange in India to take this career (before that you need to register with Securities and Exchange Board of India). Thus, you will be a registered investment advisor. You will be bound to take a decision that is financially sound for your client and does not suit your own interest.

7. However, to become a Stock Broker, you first will be required to work as an assistant broker with a brokerage company for 2 years or more. Then only you can register with the Securities and Exchange Board of India and any stock exchange market. Once you have the license, you can start practicing at stock brokerage work as an individual or for a company.

8. Only Stock Brokers are allowed to buy or sell stocks at the stock exchange. Thus, you will do all the required steps to buy or sell stocks for your client including paperwork.

Key roles and responsibilities

1. As a Stock Broker, depending upon your profile and specialization, your duties and responsibilities will vary as follows:

2. You will work towards the financial interest of your client. You will sell securities and commodities to individual clients. At the same time, you will see also advice clients about investments and their financial situations.

3. If needed, you will also manage the portfolio of your client.

4. You will represent your client in the exchange market and sell or trade their stocks.

5. You will regularly analyse, monitor and research about the performance of stocks, trade markets, etc.

6. You have the duty to protect the interest of your client, so you will never advise any financial deal that benefits you directly.

Career Entry Pathway 

Class 10 all subjects as per scheme of studies - Class 11-12 with Business Mathematics /Mathematics & any other subject as per scheme of studies - Bachelor Degree in any subject - NISM or NSE or BSE Certification courses/Post-Graduate Diploma Programs in Security Markets/Similar programs from NSE/BSE/NISM.

To have a career as a broker you need to Class 11-12 with Business Mathematics /Mathematics & any other subject as per scheme of studies. Then you can acquire an Undergraduate degree in Commerce, Economics, Accounting, Finance, or Business - basically any subject, but these subjects will give you an edge. Then, you need to pass the relevant National Institute of Securities Markets (NISM) certification exams. The two standard examinations are - (1) Series VIII: Equity Derivatives Certification Examination and (2) Series XI: Equity Sales Certification Examination. You may need to acquire additional certification(s) if your job role demands it. Often will you join a brokerage firm as a trainee/sub-broker in college, or right after graduation, and pass certification exams once your training period is over to be eligible for employment as a licensed broker. You can optionally acquire a Postgraduate degree at any point for better prospects for professional specialization.

Class 10 all subjects as per scheme of studies - Class 11-12 with any subject as per scheme of studies – UG in Economics/ Commerce/ related subjects- Certificate / Diploma in Stock Market / Derivatives / Security Analysis / related field – Work as Assistant Broker – Register at any Stock Exchange and SEBI - Become Stock Broker

After Class 11-12 with any subject as per scheme of studies. Now you can opt for a Certificate or Diploma course in the Stock Market / Derivates/ Security Analysis/ similar field. Now you are eligible to work as an assistant broker with a brokerage firm. After working for 2 years, you can register at any Stock exchange and SEBI and work as a Broker.

Class 10 all subjects as per scheme of studies - Class 11-12 with any subject as per scheme of studies – UG with any subjects – PG Degree/Diploma in Management / Business Administration / Finance / Banking / Bank Management / Banking and Financial Services / Economics / Accountancy- Certificate / Diploma in Stock Market / Derivatives / Security Analysis / related field – Work as Assistant Broker – Register at any Stock Exchange and SEBI - Become Stock Broker

After Class 11-12 with any subject as per scheme of studies. You may then go for a master’s degree or Post Graduate Diploma in Management / Business Administration / Finance / Banking / Bank Management / Banking and Financial Services / Economics / Accountancy.Now you can opt for a Certificate or Diploma course in the Stock Market / Derivates/ Security Analysis/ similar field. Now you are eligible to work as an assistant broker with a brokerage firm. After working for 2 years, you can register at any Stock exchange and SEBI and work as a Broker.

Class 10 all subjects as per scheme of studies - Class 11-12 with any subject as per scheme of studies – UG in Financial Market – PG Degree/Diploma in Financial Market - Certificate / Diploma in Stock Market / Derivatives / Security Analysis / related field – Work as Assistant Broker – Register at any Stock Exchange - Become Stock Broker

After Class 11-12 with any subject as per scheme of studies, you can study any stream in your higher secondary school and then study for an undergraduate degree in Financial market (offered by Bombay Stock Exchange and National Stock Exchange). You may then go for a master’s degree or Post Graduate Diploma in Financial Market. Now you can opt for a Certificate or Diploma course in the Stock Market / Derivates/ Security Analysis/ similar field. Now you are eligible to work as an assistant broker with a brokerage firm. After working for 2 years, you can register at any Stock exchange and SEBI, and work as a Broker.

Class 10 all subjects as per scheme of studies - Class 11-12 with any subject as per scheme of studies – UG in Financial Market – Certificate / Diploma in Stock Market / Derivatives / Security Analysis / related field – Work as Assistant Broker – Register at any Stock Exchange - Become Stock Broker

After Class 11-12 with any subject as per scheme of studies and then study for an undergraduate degree in Financial market (offered by Bombay Stock Exchange and National Stock Exchange). Now you can opt for a Certificate or Diploma course in the Stock Market / Derivates/ Security Analysis/ similar field. Now you are eligible to work as an assistant broker with a brokerage firm. After working for 2 years, you can register at any Stock exchange and SEBI, and work as a Broker.

Required Qualification & Competencies 

Undergraduate studies after school

1. To become a stock broker, you can study any subject at undergraduate level. However, you can opt for an undergraduate course in Commerce / Business Management / Finance / Accountancy / Economics.

2. Alternatively, some Stock Markets also offer courses in Financial Markets to understand stock markets.

3. Majority of Stock Markets, do not require graduation as the criteria, however, you need to work as an assistant broker for 2 years with a brokerage firm and then become a member of a stock market for becoming a stock broker.

Post Graduate studies

Although technically, Post Graduate courses are not required for a stock broker career, however, as you will need a lot of information and knowledge of not only the market but also of the economics, business, etc. it is advisable to study following field in post-graduation before becoming a broker: Financial Market, Finance, Banking, Economics, etc.
UGC has recently recognised the CA/CS/ICWA Qualifications as equivalent to Postgraduate Degree.

Competencies Required

You should have the following occupational interests:

Enterprising: You should have interests for Enterprising Occupations. Enterprising occupations involve taking initiatives, initiating actions, and planning to achieve goals, often business goals. These involve gathering resources and leading people to get things done. These require decision making, risk-taking, and action orientation.

Conventional: You should have interests for Conventional Occupations. Conventional occupations involve repetitive and routine tasks as well as fixed processes or procedures for getting things done. These occupations involve working more with data, systems, and procedures and less with ideas or creativity.

Following personality attributes are required:

1. You always or mostly prefer to stick within a routine or carry out routine and repetitive activities.

2. You are always practical or in most situations.

3. You are always or mostly disciplined in your action and behaviour.

You should have the following skills and knowledge:

Communication skills: You should possess excellent communication skills, as you may have to work on project teams with various departments.

Reading Comprehension: Skills in understanding written sentences and paragraphs in work related documents.

Active Listening: Giving full attention to what other people are saying, understanding the points being made by others, asking questions, etc.

Critical Thinking: Skills in the analysis of complex situations, using logic and reasoning to understand the situations and take appropriate actions or make interpretations and inferences.

Persuasion: Skills in persuading others to change their minds or behaviour.

Accounting: Knowledge of various principles and methods for maintaining records of commercial and financial transactions and records, preparing various reports and statements, ensuring compliance with commercial and business laws and rules of a country, etc.

Economics: Knowledge of economic principles and practices; understanding how various resources such as land, labour, and capital are used; how market demands rise and fall; how a country collects and spends money; and similar other economic issues and situations.

Customer Service: Knowledge about how to provide customer services. This includes understanding customer needs, helping customers to use products and services, answering customer queries, handling customer complaints and grievances, and evaluating customer satisfaction.

English Language: Knowledge about English grammar, words, spelling, sentence construction, using English to communicate with others, reading in English, etc.

Mathematics: Knowledge of arithmetic, algebra, geometry, calculus, trigonometry, statistics, and other mathematical disciplines and their applications.

Sales and Promotion: Knowledge of the various principles, theories, methods, systems and processes to communicate and promote the benefits of various products or services of an organisation to a targeted group of customers, influencing their buying decisions and convincing them to buy the products or services.

Marketing: Knowledge of the various principles, theories, methods, systems, and processes to understand the needs of a category of customers and then to create, to communicate, and delivering various products and services in order to satisfy the needs of the customers.

You should have the following aptitudes and abilities:

Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.

Oran Expression - The ability to communicate information and ideas in speaking so others will understand.

Written Comprehension - The ability to read and understand information and ideas presented in writing.

Deductive Reasoning - The ability to apply general rules and common logic to specific problems to produce answers that are logical and make sense. For example, understanding the reasons behind an event or a situation using general rules and common logic.

Articulation - The ability to speak clearly so others can understand you.

Career - Job Opportunities & Profiles 

1. Most of you will be working with brokerage companies in different roles. If you are into sales side, then you might become an Assistant Sales Manager. You may also start your career as an Assistant Relationship Manager. If you are passionate about the broker / dealer / trader role, then you can start as an Assistant Broker / Assistant Trader.

2.You can also join SEBI (Securities & Exchange Board of India) as Grade A officer.

Work Environment

Stock Brokerage is a career that required utmost loyalty. You will work for the interest of your client; thus, you should not miss any event that may benefit them. You need to closely follow the stock market, do extensive research, etc.  As a stock broker, you will work in an environment that needs quick decision making, research, high intensity of work, long working hours and ready to face pressure. As it is about investment and money is involved, there is a high pressure of performance. At times, you will be travelling to meet your clients even in different countries.

Career Growth

1. At SEBI, you will start as A grade officer and then promoted to B, C, D, E, F and then to executive Director post.

2. If you are into the sales side of the business, then after starting as the assistant sales manager, you will become Sales Manager, then you will be Senior Sales Manager, then Area and Regional Head and finally VP of Sales.

3. If you join as an Assistant Broker or Assistant Trader, then You may become Dealer, then Equity Dealer, then Investment Advisor. At the same time, you may leave the company after 5/6 years and start practicing on your own after registering with SEBI.

4. If you join as Assistant Relationship Manager, you will become Relationship Manager; then you can become Business Head, and then Cluster Head, Regional Head and then VP.  

Salary Offered  

1. At the entry level, you can start with a salary of Rs. 15,000 to 30,000 per month if you are on the brokerage side. You may earn Rs. 20,000 to 1,00,000 per month on the sales side. Assistant Relationship Managers and others may earn around Rs. 20,000 to 2,50,000 per month. If you are a graduate from premier Business Schools like IIMs, you will be earning on the higher side.  A Grade “A” Officer of SEBI earns around Rs. 60,000 to 90,000 per month depending on your city of posting. There will be several allowances apart from this salary.

2. At the junior level after 2-6 years of experience, you will be earning anywhere between Rs. 40,000 – 5,00,000 or more per month if you are working in a brokerage firm. If you have started your own broker company, you will be earning brokerage of each of your client’s selling or buying. At the SEBI, you will be earning anything between Rs. 70,000 to 1,00,000 per month.

3. At the middle level of 6-12 years of work experience, your earning will rise to Rs 60,000-10,00,000 or much more per month depending if you are working for a firm or working for yourself. An officer at SEBI will be earning anything between 1,25,000 to 2,00,000 per month.

4. At the senior level after 12 years of work experience, your earning will be between Rs. 1,00,000 to 50,00,000 or even more per month. As a SEBI officer, you will be earning 1,80,000 to 2,25,000 per month.

Monthly Earnings In Indian Rupee

1. Entry level: 0 - 2 years of work experience

2. Junior Level: From 1 to 12 years of work experience

3. Mid-Level: From 5 to 20+ years of work experience

4. Senior Level: From 10 to 25+ years of work experience (there could be exceptions in some high-end technical, financial, engineering, creative, management, sports, and other careers; also in the near future, people will reach these levels much faster in many careers and in some careers, these levels will have no meaning as those careers will be completely tech skill driven such as even now, there is almost no level in a Cyber Security Expert’s job)

Famous Personalities 

Not Available

Work Activities 

As a Broker, you might be involved in various applied areas of Brokerage. In these areas, you might be involved in different activities such as:

Analysis and interpretation of data and information: Analysis of data and information to find facts, trends, reasons behind situations, etc.; interpretation of data to aid in decision making.

Communicating with co-workers and others: Communicating with people in writing, verbally or otherwise inside your workplace and various other people who have professional relationships with your place of work including vendors, government officials, etc. or with people at large.

Communicating with customers: Communicating with potential and existing customers of your organisation in writing, verbally or otherwise.

Developing and maintaining interpersonal relationships: Developing professional relationships with co-workers and others outside organisations and maintaining good relationships.

Decision making and problem-solving: Analysis of data and information; evaluation of alternative decisions and results of decisions; taking the right decisions and solving problems.

Assessing and determining compliance with standards, laws, rules, and guidelines: Analysis of data and information to find facts, trends, reasons behind situations, etc.; interpretation of data to aid in decision making.