Stock Broker

Hi Roni,
A Stock Broker is a registered professional who buys and sells stocks or shares in the secondary market on behalf of their Clients or Investors. Stock Broker needs to be a Financial Expert who is aware of the market conditions that control the stock price.
Brokers should also have excellent judgment and foresight to offer the right advice to clients based on their Financial needs and their ability to bear risk. In return for their services, Brokers are paid a commission called Brokerage that is based on each transaction or the total trade value.
To become a Stock Broker you need to follow the below mentioned steps:
1. Take a course in Stock Brokering from either National Stock Exchange or Bombay Stock Exchange.
2. Work at a Stock Brokering firm and gain a minimum of two years of work experience.
3. Determine what type of services you want to offer as a Stock Broker ranging from:
3.1 Stocks.
3.2 Bonds.
3.3 Derivatives.
3.4 Insurance, etc.
4. Ensure that you have adequate Infrastructure and Finances to register and operate as a Stock Broker.
5. Register as a Stock Broker with SEBI.
6. Become a member of a Stock Exchange.
7. Market your services as a Stock Broker to attract clients. Word-of-mouth publicity and customer referrals are usually the best ways to get more business as a stock broker.
Feel free to raise more questions.
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All the Best.

Hi Sharad,
National Stock Exchange of India Ltd. (NSE) has evolved a testing and certification mechanism known as the National Stock Exchange's Certification in Financial Markets (NCFM) which is online and fully automated. It offers all certifications mandated by Securities and Exchange Board of India (SEBI), IRDA, National Securities Depository Limited (NSDL), AMFI, Fixed Income Money Markets and Derivatives Association (FIMMDA) and the NSE itself. Practical knowledge and skills are tested in nine securities market related modules. These tests ensure that a person dealing with financial products has a minimum knowledge of them, the markets and regulations. Hence it is required that all new employees joining the intermediaries and all intermediaries joining the market should be certified.
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Wish You Luck!

Hi,
1. Merchant bankers, or investment bankers as they are commonly known, work for investment banks and provide a range of financial services for their clients.
They oversee financial opportunities for their clients, advising on such things as mergers and acquisitions, lending, privatizations, the identification and securing of new deals and helping with initial public offerings.
To become an investment banker, a bachelor's degree in business administration or related field like finance is required. There are a huge number of specializations available with a MBA degree including MBA in marketing and finance.
Some of the prominent institutes:
IIM Kolkata
Indian Institute of Management, Ahmedabad
Indian School of Business, Hyderabad
Jamnalal Bajaj Institute of Management Studies, Mumbai
S.P. Jain Institute of Management Studies, Mumbai
Narsee Monjee Institute of Management Studies, Mumbai
Symbiosis Institute of Management, Pune
2. Major in economics, finance, business or math as an undergraduate or graduate student. You could major in other areas, but succeeding as a broker will be more difficult if you have no background in economics, business or finance.
Do an internship in a brokerage or investment firm where you can gain experience in brokering or stock trading. Also, gaining sales experience of any kind can be valuable.
Take the necessary exams to become licensed.
Work as a licensed broker. You may find clients through business and social contacts, through joining organizations or teaching investment courses, or you may inherit the clients of agents who have retired. Also, existing clients may refer new clients to you.
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