Let’s Make a Deal: Learn How to Become a Stockbroker

Published on: 21 December 2018 Last Updated on: 29 January 2022

Many people don’t have the time or energy to manage their own stock portfolios. Individuals and institutions alike outsource this job to a stockbroker. How to become a stockbroker will not be a matter of question if you follow the write-up in an effective manner.

If you’re interested in becoming a stockbroker, know that the competition is fierce. Many people leaving school are looking to become stockbrokers. Do you have what it takes to make your way in this career?

Being a stockbroker isn’t easy. You’ll face long hours and need strong dedication.

If you think you can do it, give it a shot. Continue reading below to find out how to become a stockbroker. Slay the competition and join the ranks.

How To Become A Stockbroker?

The world of finance is one filled with glamourized notions of wealth and excitement. If you’re successful, this could be a reality.

You should first think hard about this decision. This career isn’t for everyone. Introverts and extroverts alike can find themselves with a successful finance career.

You’ll face challenges, as the process of becoming a stockbroker is intense and demanding.

First, consider your skill set.

A stockbroker spends many hours of the workday on the phone. You’ll need to be able to communicate well with clients and other traders.

Research is essential. You’ll need an in-depth understanding of the stock market. You should be able to relay this information to your clients in a digestible fashion.

Let’s talk about education. How

Required Education:

Often, stockbrokers don’t need to fulfill any specific education requirements.

That doesn’t mean, however, that you will get away without a college education. The competition is tight. A bachelor’s degree is almost always necessary if you want to stand out.

A master’s degree would be better. This will show your prospective employers that you’ve acquired additional skills and abilities.

You won’t need to have a specific major, but a degree in finance or business will help. Think about degrees in accounting, business, economics, or finance.

Search Internships:

Many brokerage firms and investments banks offer internship programs. This will give you an opportunity to work in a finance environment. You’ll have the opportunity to learn the ins and outs of the profession.

You’ll have a higher chance of getting hired once you graduate. Think of an internship as a sort of extended interview.

Licensing:

To work as a stockbroker, you’ll need to obtain the necessary licensing. To obtain the licensing, you’ll need to pass two exams. These are the Series 7 and Series 63 exams.

These can be pricey but you can get a personal, business, or student loan for this purpose from NowLoan.co.uk or similar brokers.

The Series 7 exam covers the trading of different types of securities. Series 63 focuses largely on state laws and regulations.

You’ll need to find a sponsor before you can sit for the exams. You’ll probably need to get hired by a brokerage firm or investment bank before you take the exams.

They should be registered with the Financial Industry Regulatory Committee (FINRA) or another similar authority.

Some firms and banks may require additional certifications. You should ask about this during the hiring process.

Certain licenses and certifications will increase your chances and earning potential.

Other Considerations:

Becoming a stockbroker is no easy task. Potential hires are subject to harsh scrutiny. Different ways you need to consider how to become a stockbroker.

Background Checks:

Brokerage firms and investment banks will run a background check to examine your criminal and financial history. If you have a history of serious legal trouble, you’ll be thrown out of the hiring pool.

If you have proven to be financially irresponsible, this will damage your chances. This means you shouldn’t have any recent tax liens, repossessions, or bankruptcies.

Remember, you’re interested in a finance career. Your job will be to give advice to clients about managing their investment portfolio.

If you can’t handle your own finances, how can you be trusted to handle another’s?

Finding a Firm:

Not all firms and investment banks are the same. Some are larger or smaller. Some work internationally.

Find one that fits your desires and personality.

New stockbrokers often find large firms to be intimidating. You’ll be surrounded by people who know what they’re doing.

Smaller firms are good for those who want a more communal feel. These environments tend to be a bit warmer. They also tend to offer higher commission rates.

The downside to a smaller firm is the size. The name is less-known. It may be more difficult to find potential clients.

Some firms allow you to become a sub-broker. Sub-brokers act on behalf of a brokerage firm but are not a member of one. Kotak Securities Franchise is one such company.

To do this, you must meet most of the same requirements as a regular stockbroker.

Working on Commission:

As a stockbroker, you’ll get paid on commission. The client pays a commission on the trades you execute. It’s up to you to build a clientele and gain confidence.

The commission from each trade will get split between you and the firm. Your firm may offer you a higher or lower commission rate based on the number of trades you execute.

If you execute more trades, you’ll likely get a larger share of the commission. The firm has a vested interest in generating revenue.

Many firms increase their share of the commission if they generate more revenue. This acts as an incentive and a means of generating more business.

Dedication:

Many new stockbrokers back out of the game. You’ll need to demonstrate a strong work ethic and drive.

The most successful stockbrokers are those who put in the hours and dedicate their soul to the profession. That’s why you should be absolutely sure you want to become a stockbroker before you make the choice.

Getting Started In Finance:

The world of finance is somewhat enigmatic to the average citizen. If you’re thinking about a finance career, you’re probably already aware of some of the quirks.

This guide is meant to give you an introduction to the basics of how to become a stockbroker.

Take the time to think about the requirements and decide if this is a career for you. To find out more, check out our other finance-related topics.

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Copywriting Jobs 101: Essential Steps To Become A Copywriter

If you are looking for high-paying remote jobs, you must start looking for copywriting jobs. It does not matter whether you are a beginner writer or someone with experience writing marketing content and blogs. In fact, if you are someone looking to evolve your writing career, starting out with copywriting can be a great option. In this article, you will learn about copywriting jobs in general. Apart from that, you will also learn about the basic requirements of becoming a copywriter. Moreover, this article will explain the difference between copywriting and marketing. Finally, you will get a step-by-step guide about how to become a copywriter. Hence, to learn more, read on to the end of the article. What Do Copywriting Jobs Require? Copywriting jobs require the copywriter to use persuasive words to bring a potential buyer close to buying. Although copywriting generally falls under the category of business, sales, and marketing, it actually goes beyond it. In fact, copywriting is a form of persuasion that has been in vogue for many years. Basically, advertising does not always get a business to sell to customers. This is because many ads contain poor usage of words. Hence, they become ineffective in persuading people to decide to buy the product. Writing a persuasive copy is a major factor for success, no matter which industry you work in. Basically, the way you write your content matters more than you think. Copywriting is the word for writing that businesses use in marketing strategies. Here, the goal is to improve sales and conversions. Copywriting Jobs requires you to write compelling text to persuade customers to buy products. Here, the company aims to market a particular product, service, or concept to a target audience. In this case, you will persuade readers to take action, like buying a product/service, subscribing to an offer, or attending an event. Understanding Copywriting Jobs Copywriting is an important part of advertising and marketing. In a copywriting job, you will write persuasive words (a copy) to motivate your target customers to take action. The following are some examples of content writing you can check out: A full-page advertisement of a perfume inside a magazine. An advertisement for an insurance company is in a newspaper. An ad on a website that is prompting you to buy something. There are many more examples you can see around print and digital media, all of which are copywriting. In fact, copywriting is almost everywhere you see. Here, the job of a copywriter is to craft words in such a way that they can connect with their target audience. Basically, the goal is to move the customer to take action to buy the product or service. Generally, businesses hire an in-house copywriter to create copies for their organization. On the other hand, other businesses hire copywriters on a contract basis. Hence, if you are applying for copywriter jobs, make sure to check whether a job is full-time or contract-based. Copywriting vs Marketing: What’s The Difference? When you look for copywriting jobs, your client or employer will want someone who understands the differences between copywriting and marketing. Here is a difference between copywriting and marketing: Marketing Copywriting It focuses on the big picture, like what to sell to prospects and how to do it. It is a part of marketing and focuses on using words in such a way as to invoke the emotions of prospects. Here, the focus is to grab the interest of target customers and persuade them to buy products and services. Getting Copywriting Jobs: What Are The Requirements? As a copywriter, your job is to move your audience to take action. Although there are many types of copywriting, there are some basics that all copywriters follow. Here, you must study the target audience and understand their needs and desires. Apart from that, you must create a strategy to find the best way to connect with these potential customers. In this case, you must show that you understand their problem. The following are some of the major skills that a copywriter needs to have: 1. Strong Ability to Write: As a copywriter, you must create clear, concise, and engaging copy. Moreover, you have to write with correct grammar and punctuation. 2. Understand Your Audience Needs: You must be able to analyze your readers and empathize with them. This will help you tailor your copy to their wants and needs. 3. Use Persuasion: Here, you must use storytelling and various persuasive techniques. Basically, your job is to motivate readers to buy the products and services of your client/employer. 4. Adaptability: As a copywriter, you must write for various industries, products, formats, and platforms. In all these cases, your copy’s tone and style will change. 5. Research and Analysis: To write a good copy, you must know how to research and analyze data. This will help you to create better and more accurate copy, which resonates well with others. Earning Potential In Copywriting Jobs If you are a good copywriter, you can make good money. However, your income depends on your experience, industry, location, and the type of projects you handle. Basically, in the United States, the average salary of a copywriter is $72,185 per year. Here, the salary range is $38K to $230K. The following are some of the factors on which the earning potential of copywriters depends: 1. Experience: If you have over seven years of experience in copywriting, you can earn an average of $83,890. On the other hand, if your experience is less than a year, the average earning is $61,250. 2. Size of the Company: If you work in a company with 501-1000 employees, you can earn an average of $75K. Apart from that, there are additional pay, commission, cash bonuses, etc. In the digital age, copywriting is a skill that is in high demand. Hence, if you can write copy that resonates with your target audience, you can be extremely successful in the field of marketing. How To Excel In Copywriting Jobs? – Steps To Follow The following are some of the major traits of good copywriting that every copywriter needs to learn: 1. It Challenges Perspectives A silent tilt in perspective is all a piece of message needs to make a major impact. Generally, people are accustomed to blocking marketing messages. Hence, they do not see those messages anymore. Therefore, as a copywriter, you must take an unexpected approach to break your reader’s guard. 2. It Connects With The Audience There are different angles in all stories. Here, your job is to find that angle that resonates with your target readers. Here, as a creative writer, you must connect things. Basically, a creative person sees things that later seem obvious. Hence, you must connect an existing problem with the solution that the company provides. 3. It Has Amazing Leads The leads in your copy must make the readers read the next line. Moreover, the purpose of the first line of your copy is to get the reader to read the second line, and so on. Basically, if the first line does not attract the readers of your copy, this means the copy is not good enough. 4. There Is No Jargon/Hyperbole Generally, copywriters use jargon and hyperbole to state their point when they struggle to convey the specialty of their company, products, and service. Basically, a good copy does not need a lot of pompous and flowery words. It must be able to speak to the reader by connecting to them more humanly. 5. Strong Voice And Creative You must have a strong voice in your copy that reflects your brand personality, identity, and values. This will allow your copy to stand out in the competitive marketplace. At the primary level, it must be able to communicate the unique tone, attitude, and style of the brand. As a result, it helps you to build a connection with readers and establish a relationship. Copywriting Jobs For Beginners: How To Get One? The following are the steps to follow if you want to land a copywriting job: Check for copywriting job descriptions from job postings. This will give you an idea of what skills you need. Understand that apart from writing skills, you will also need to develop conceptual skills for copywriting. Learn all you can about copywriting from books and websites. Moreover, you can also consider taking a copywriting course. Practice as many times as you can. Start by writing about topics in your field of experience or interest. You can also start as a freelancer to get experience as a beginner. This way, you can build your online portfolio and your presence as a copywriting expert. Getting Your Copywriting Job: The Way Forward Hence, you now know the requirements of copywriting jobs and how you can start copywriting as a beginner. Apart from that, you must also study the fundamentals of marketing, advertising, human psychology, etc. Moreover, never cease to practice writing copies. To gain real-world experience, you can start an internship. Do you have more suggestions on how to get a copywriting job? Please share your ideas and opinions in the comments section below. Read Also: Why AI Can’t Replace A Skilled Copywriting Agency In London What Can Financial Services Copywriting Help You With? Writing Web-Copy: How to Keep Your Readers Engaged

Importance of Learning Data Science

Data science is a perfect blend of algorithms, tools, and machine learning principles to find different hidden patterns from the raw data. It encompasses the exploratory analysis from it and uses various machine learning algorithms to accurately predict the future. A data scientist perceives data from different angles to ensure they know the data’s ins and outs; some are not known earlier. All the ideas in science-fiction movies of Hollywood can turn into reality by data science. Lately, data science has become a tool to make a prediction about the future, making use of predictive casual analytics, machine learning, and prescriptive analytics (Predictive and decision science). Data science is related to big data, machine learning, and data mining. It applies knowledge and actionable insights from data across a broad range of application domains. What Is Data Science? Data science is also known as a concept to unify data analytics, statistics, informatics, and their related methods to analyze and understand actual phenomena with data. It uses tools, techniques, and theories taken from several fields such as statistics, mathematics, information science, domain knowledge, and computer science. So if someone wants to learn data science, he needs to take a specially designed Data Science course and start a promising career in this domain. This article is all about learning data science and the benefits of taking a data science course. Why Learn Data Science? Data science has been hailed as one of the most exciting jobs of the 21st century. Here are some of the reasons that make data science important and highly paid professionals. A Fuel of the 21st Century: In the 21st century, the industry is driving through a force called Data. Several industries, including automobile industries, are using data to improve their business. Data science is also called the electricity that powers the industries today. They need data to improve their productivity, make their business grow, and offer the best products to their customers. Data scientists make valuable sense of data with their tools in order to make profound decisions. They also use high-performing computing to solve complex data problems. Huge Demand And less Supply: There is a huge abundance of data, but there are no proper resources to convert this data into useful products. There is a lack of skilled professionals who help companies utilize the potential that data holds. We can say that there is a lack of data literacy in the market in order to fill this gap in supply. So it’s worth learning data science in its high-demanding time. A Lucrative Career: According to Glassdoor, a data scientist can earn more than the national average salary, where the average salary for a Data Scientist is $117,345/yr, and the national average salary is $44,456 yearly. So this makes data science a highly lucrative career choice. The absence of data scientists is resulting in a double increase in income. So learning data science is beneficial, and a data scientist can enjoy the position of prestige in the company. Benefits of a Data Science Career- https://www.youtube.com/embed/X3paOmcrTjQ Today, so many professionals want to become data scientists, so it's necessary to take a proper certification course in this domain to help them start their careers. Below mentioned are some of the advantages of starting a data science career. 1. Data Science is Versatile: Data Science is a versatile field where numerous applications are available. Data science is vastly used in the sectors such as banking, healthcare, consultancy services, and e-commerce industries. So it offers a huge set of opportunities to work in various fields. 2. Makes Data Better: All companies need skilled data scientists to analyze and process their data. They also want to improve their quality; here, data science improves the process in which how we perceive and understand the data. 3. Data Science Makes Products Smarter: For customer satisfaction, Data science includes the usage of Machine Learning that helps companies create better products. For example, eCommerce websites use analytics to have insight into their customers' needs based on previous purchases through recommendation systems. It helps computers to understand human behavior and make data-driven decisions. 4. Data Science Makes you A Better professional: Data science provides you a great career and helps you create your better version via personal growth. It offers you a problem-solving attitude and a bridge role between IT and Management. So you can enjoy the best of both worlds. 5. Prestigious career and Highly Paid Job: Data Scientists allow companies to make smarter decisions and provide better results to their clients. It makes them achieve an important and prestigious position in the company. Due to their prestigious values and roles, data scientists can earn higher than other job roles. Nowadays, data science is considered one of the most highly-paid jobs as they can earn an average of $116,100 per year, which is quite an attractive salary for anyone. Wrap Up: Data science is a field with many lucrative advantages. However, it has its own flaws, considering how vast this field can be and its cross-disciplinary nature. But the benefits of data science can make you take this up as your future career. So are you ready to take a data science course to make your career bright and find your niche? Read Also: B.Sc. Agriculture- An emerging career option in India Top 7 Reasons the Medical Field Will Always Be In Demand Top Non-Physician Career Opportunities in the Healthcare Sector in 2021

10 Work From Home Jobs For Moms And Dads

When you're a parent, it can be difficult to find the time and energy to work. However, there are many jobs out there that allow you to work from home so you don't have to miss out on time with your family. The following list includes some remote jobs for stay at home moms and working parents who want flexibility and a chance to make extra money: Top 10 Work-From-Home Jobs For Moms and Dads 1. Advice Columnist If you’re a mom or dad who has something to say, this is the job for you. Advice columnists are typically experts in their field, who also have the ability to write well and answer questions from readers. Many advice columnists work from home and can do so on their own schedule; however, some employers will only hire those who are able to work full-time. Advice columns appeal to all types of readers because they offer a unique perspective that readers may not get elsewhere. As an advice columnist, you’re your own boss and can create your own hours—you don’t need anyone else except yourself (and maybe your kids). You might be surprised at how much money it is available for writers who want it! 2. Blogger Blogging is a great way to share your knowledge with the world. You can blog about anything you are passionate about. Perhaps you want to build up your resume and create a personal brand, or maybe you have an established career in which blogging will help promote your expertise. Either way, if you know how to write well and have plenty of time on your hands (or perhaps feel like faking it), there's no reason why blogging shouldn't be considered one of the best ways for moms and dads who want to work from home. 3. Writer Write web content for businesses that don't have their own content staff (or don't want to hire one). Many small businesses don't have full-time employees who write articles on their behalf—they simply pay someone else to do it! In fact, many large companies also hire freelance writers who work remotely via the Internet rather than having them come into an office every day. The best way to find these jobs is through job search engines like Indeed or Monster; there are tons of listings available right now because of how common remote work has become over the last decade.* Write web content for large companies looking for more than just basic articles (and pay $20 per hour). Large corporations often need help from freelance writers when they're short on time; instead of hiring someone full-time who could take months off during maternity leave or vacation periods due to family obligations—which happens all too often nowadays—they'll turn towards freelancers 4. Editor Editing is a job that requires you to make sure the content your company or client produces is accurate and of high quality. As an editor, you'll be responsible for checking and correcting content before it's published, assigning articles and editing their content, writing headlines and subheadlines, writing introductions (and sometimes conclusions), verifying facts, finding ways of improving readability via changes in sentence structure or word choice—basically anything that helps make the written material clearer. 5. Virtual Assistant As a virtual assistant, you'll be working remotely with clients who need help with basic administrative tasks. To be successful in this role, you should have: A computer and internet access Time to dedicate to the job (it's not going to make you rich) Reliable transportation if you're going to set up in-person meetings with clients (or they will find someone else) The work can vary from project to project, but it typically involves responding to email queries from customers, managing calendars to organize and schedule appointments or meetings for clients, updating their social media accounts on their behalf, and performing other administrative tasks as needed. A great way to get started is by registering for an account on Upwork or Fiverr where there are plenty of opportunities for virtual assistants. The pay isn't great but it's very flexible so long as you have enough projects lined up! 6. Social Media Manager Social media managers are responsible for creating and executing social media strategies that boost a company's visibility, engagement and reputation. The position also involves measuring the ROI of various campaigns and marketing tactics. To qualify as a social media manager, you should have at least three years of experience in digital marketing or communications; be skilled in storytelling through video production; understand how to use analytics to measure results; have an eye for design; possess strong copywriting skills; be able to create engaging headlines that grab attention; know how to incorporate images into content effectively (and choose them carefully); understand how people interact with one another online so that you can anticipate trends before they happen (and capitalize on them). 7. Website Developer or Designer Website developers and designers are two different types of web professionals who specialize in different aspects of website creation. Developers are more technical and work on the back end of a website, while designers are more artistic and create the front-end look and feel. Developers use programming languages like HTML and CSS to create websites, while designers use tools like Photoshop or Sketch to add graphics, animation, color schemes and fonts. 8. Graphic Designer As a graphic designer, you could design logos, print material, and websites. You may also create designs in other media such as digital or print. You will use computer software to create graphics. Some examples of the type of jobs you could do include: Designing websites and logos Designing advertisements for magazines and newspapers Creating brochures, leaflets, and posters 9. Transcriptionist Transcription is the process of converting spoken words into written text. A transcriptionist sits in front of a computer and listens to audio files, typing out what they hear. They listen to audio files that have been recorded by others or created by themselves, such as interviews and meetings. Some transcriptionists work from home, while others work from an office or cubicle setting. There are many different types of jobs available for transcriptionists such as live transcribing (working for companies who conduct business over the phone), legal and medical dictation, call center-based programming, educational interviewing/recording services, medical reports/transcriptions, real estate recordings, etc. 10. Customer Service Representative Customer service representatives work in a variety of industries and settings, but they all have one thing in common: they are tasked with responding to customer requests and inquiries. They may be called upon to answer phones, resolve issues, or handle transactions over email or social media. Customer service reps can find employment at call centers and other organizations that deal directly with customers on a regular basis. A stay-at-home parent who has excellent communication skills and an outgoing personality would be ideal for this type of job. In addition to having good verbal communication skills, you'll need strong listening skills so that you can accurately understand what your customer wants from you before providing them with an appropriate response or solution. The ability to multitask is also crucial when working as a customer service rep—you'll likely receive calls from multiple people simultaneously during busy periods so it's important that you can quickly switch between tasks as needed without losing focus on each one individually." Conclusion If you’re a parent, this list can be a great resource for finding work that fits your schedule. If you have other responsibilities outside of work, it may be difficult to find an employer who can accommodate those needs. But if you’re lucky enough to have a job that allows flexibility in their hours or remote working options, there are plenty of opportunities out there for stay-at-home parents looking for something more than just childcare! Additional: Is Health Care A Good Career Path? Is Marine Transportation A Good Career Path? Is Property-Casualty Insurers A Good Career Path? Top Career Opportunities In Operations Management

Let’s Make a Deal: Learn How to Become a Stockbroker