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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What Is The Scope Of Doing A Bachelor’s In Economics?

Economics is a part of our everyday life. It affects our daily lives in obvious and subtle ways. Supply and demand, opportunity costs, the law of diminishing marginal returns, and the trade war are the applications of economics in the real world. You contribute to the economy by buying a Starbucks coffee and chocolate-filled croissant. As our lives are influenced by macroeconomic trends, like inflation, interest rates, and economic growth, an in-depth understanding of economics is imperative to make informed decisions and gain a global perspective. In-depth knowledge of economics allows individuals to drive positive change. Economics helps think strategically and optimize the outcome. Economics graduates are in huge demand across the world. In this article, we will discuss the literal meaning of economics, how it impacts our lives, and why studying BA in Economics and Business Administration is essential for creating a rock-solid career foundation. What Does Economics Entail? Economics study people, their behavior, decisions, and reactions in the face of scarcity and successes. It is a combination of politics, sociology, psychology, and history. Studying economics provides a high level of mathematical and statistical skills. This discipline also allows individuals to apply economic principles and models to business or finance problems. Moreover, pursuing economics equips individuals with a broad economic concept that can be applied to understand complex data and the relationship between things in the broader context. Upon completing a bachelor’s in economics, you will develop a wide range of skills, including communication, numeracy, problem-solving, and analytical skills. What Can You Do With A Bachelor’s In Economics? BA in Economics graduates has various employment opportunities across a spectrum of industries. Common career paths for BA in Economics graduates include: 1. Economist As an economist, you will study the production and distribution of resources, goods, and services by gathering and analyzing economic data and researching trends to provide financial advice to businesses. 2. Investment Banker As an investment banker, you will be working towards raising capital for corporations. Investment bankers usually combine financial services, analytical prowess, and practical communication skills to support institutional clients in raising money and acquisitions. 3. Data Analyst Data analysts solve business problems by collecting, cleaning, and interpreting data sets. They identify key business insights using data analytics, data cleaning, and statistical knowledge. 4. Actuary These professionals evaluate and advise on the impacts of financial risk and uncertainty in business. With business and economics acumen, actuaries provide reports and assess the risk of potential events. 5. Financial Analyst As a financial analyst, you will evaluate investment opportunities, create financial modeling for investors, assess stock performances, and evaluate outcomes for business decisions. Conclusion If none of the above appeals to you, there are several other lucrative career options you may want to consider. You can seek a role in international development, human resource management, IT, journalism, law, market research, public relations, or taxation. Check out the top-ranked college in Germany’s Berlin to enroll in the course. Additionals: Is Consumer Services A Good Career Path?4 Key Etiquette Tips on How to Ask for Career AdviceIs Capital Goods A Good Career Path? [Updated 2022]Top Questions To Ask Someone About Their Career Path

How To Become An Ultrasound Technician? – Steps To Follow

How to become an ultrasound technician? To become an ultrasound technician or medical sonographer, you must at least have an associate degree in sonography. Moreover, you can also pursue a Diploma or Bachelor’s program. Even if you have a degree in any other healthcare field, you can pursue a degree in sonography. In this article, you will learn how to become an ultrasound technician or a medical sonographer. Moreover, this article will explain the role of this position. Apart from that, you will learn the roles, responsibilities, and specializations of an ultrasound technician. Hence, to learn more, read on to the end of the article. What Is the Job of an Ultrasound Technician? An ultrasound technician (medical sonographer) helps doctors and other medical professionals diagnose conditions through medical imaging. Here, the medical sonographer ensures that the diagnosis is precise, non-invasive, and pain-free. For example, an ultrasound technician can help expectant parents see the first images of a child. Generally, these healthcare workers work in teams. Their job includes detecting health conditions like clogged arteries, enlarged spleens, etc., that are potentially life-threatening. Basically, the ultrasound tech performs sonography by examining different processes of the human body. Apart from that, they check organ functions with the help of the sonography device. Here, they place a camera-like probe on a patient’s skin. This probe then records images and videos. Then, the ultrasound technician passes the patient data to the physician who ordered the test initially. Currently, as of 2024, an ultrasound technician is one of the most in-demand jobs. What Is Sonography? Sonography uses sound waves to record and create images of a patient’s internal organs. Basically, it is a surface-level recording method that does not use radiation to create images. Apart from that, some ultrasound technicians perform prenatal ultrasounds. However, you can use and apply sonography in many more ways in healthcare. For instance, sonography offers you a view of the function of the heart and blood vessels. Also, you can find out whether a patient has potential dysfunctions of abdominal organs. Hence, if you want to be an ultrasound technician, you must specialize in any one of those areas. Roles and Responsibilities of an Ultrasound Technician If you want to work as an ultrasound technician, your task is more than just operating high-tech equipment. Here, you even need to explain various procedures to patients and answer their questions. For instance, you must operate and maintain different imaging equipment. Additionally, you need to record the patient's medical data. Moreover, the job also requires you to analyze results before the doctor starts diagnosis. However, you do not need a medical degree to become an ultrasound technician. Despite that, it is one of the least stressful roles in the medical field. Apart from that, you will also get good pay if you are good at your job. The best part is that the job is in high demand in the medical field. Generally, in the United States, you will need to work in hospitals as an ultrasound technician. Apart from that, depending on the needs of your employer, you might work in a physician’s office, medical labs, or outpatient care centers. Basically, in most cases, you will be a part of the team, which consists of doctors, registered nurses, and medical professionals. Furthermore, the ultrasound tech salary ranges from $60,000 to $90,000 annually (approx.) On the other hand, there are some drawbacks too. This is because, in most cases, you might have to work in an environment with low light. Apart from that, you need to continuously stand and operate the machine. Moreover, in case of high demand, you will need to work on weekends and evenings as well. How To Become An Ultrasound Technician? – Steps To Follow You will need approximately two years to become an ultrasound technician. In some cases, you might require a year more. The following are some steps you must follow to become an ultrasound technician: 1. Get A Formal Education If you want to become an ultrasound technician, you must receive a degree in the healthcare field. Although it is compulsory to have a degree in medicine, doing so will give you an advantage. Apart from that, you can also consider getting a degree in biology, health sciences, anatomy, and chemistry. For instance, you can choose to pursue a diagnostic medical imaging course that focuses strongly on sonography. On the other hand, you can also consider pursuing a bachelor’s degree or an associate degree. 2. Choose A Specialization The healthcare sector is vast, and there are various fields in the sector. Hence, you must choose your specialty beforehand. For instance, you can choose parental health or other specializations like cardiovascular field, abdominal, breast, neuro, gynecologic, and more. You will get an overview of major specializations in the next section of the article. Basically, you can specialize in more than one area. After you determine which specialty you prefer more, you can focus on earning proper certifications. 3. Earn A Certificate To become an ultrasound technician, you have to earn technical certification after you complete your specialization. Generally, there are three recommended ways to complete your certification: American Registry for Diagnostic Medical Sonography (ARDMS) Cardiovascular Credentialing International (CCI) American Registry of Radiologic Technologists (ARRT) Here, you must choose one of these three since each of them has its own program and course. Any one of these programs will prepare you for a career in sonography. Moreover, each program has its own requirements and timeline. Also, you need at least a year to complete your certification. 4. Choose Your Work Environment Once you start working as an ultrasound technician, you will have enough opportunity to choose your work environment. For instance, you can work in a hospital setting, continue your private practice, or work in a medical laboratory. Therefore, when you are looking for career opportunities, you can search based on the environment where you prefer to work. 5. Create A Resume After you choose your work environment, you must research your potential employers. Then, you need to choose your work settings and job openings. Once you do that, you must begin working on your resume. Here, you must consider getting some resume tips from a professional. Here are the factors you must consider when you are building your resume: 📝Formal Education Here, you must include the name of your school, the degree, and the dates. However, do not include dates if you have graduated more than three years ago. Moreover, you can include details about your experiences with professional organizations and other leadership opportunities. 📝Professional Experience In this section, you must describe your previous roles and responsibilities. However, if you have just finished school, include positions irrelevant to the healthcare field. Also, consider listing any relevant internship experience or coursework in a similar field. 📝Skills In the skills section of your resume, highlight your personal and technical abilities. Moreover, to work as an ultrasound technician, here are some professional skills you must mention: Communication skills Organizational skills Attention to detail. Apart from these skills, list down your skills in sonography and your knowledge of dealing with machines. 📝Certifications Include relevant certifications and their dates. This will show that you have field knowledge and the professional drive that potential employers are looking for. Moreover, some positions might also require you to have certain certifications. 6. Apply For Jobs Once you complete your resume, you can apply for jobs in sectors that appeal to you. However, when you are applying for a certain position, make sure to align your resume and cover letter based on the position you are applying for. Apart from that, you can also consider building a network in the healthcare field. Thereby, you can get insights into hospitals, medical clinics, and healthcare organizations. As a result, you will have more information about openings. How to Become an Ultrasound Technician? - Major Specializations An ultrasound technician has exposure to four different sonography specializations. Also, each specialization has multiple sub-specializations. The following are the major specializations you can choose from: A. General Sonography Here, you must know how to image internal organs, like liver, brain, kidneys, etc. The following are the subspecializations in this field: Neurosonology Obstetric and gynecology sonography Abdominal sonography Breast sonography B. Cardiac Sonography In cardiac sonography, you must specialize in taking images of the heart using echocardiography. The following are some of the major sub-specializations: Pediatric echocardiography Adult echocardiography Fetal echocardiography C. Vascular Sonography Here, you must become a specialist in taking images of veins and arteries. Basically, the goal is to look at the flow of blood and the status of blood vessels. Peripheral vascular sonography Carotid sonography Abdominal vascular sonography D. Musculoskeletal Sonography In this case, you need to be a specialist in getting images of muscles, tendons, joints, and ligaments. Here are some sub-specializations you must consider: Soft tissue sonography Tendon and ligament sonography Joint sonography Pursue A Career In Sonography Now Hence, you know how to become an ultrasound technician. First, you need to get a formal education in the healthcare field and then work on your specialization. After you specialize, you must get a professional certification. Consequently, you can apply for jobs as an ultrasound technician or a medical sonographer. Do you have more suggestions on how to become an ultrasound technician? Please share your ideas and opinions in the comments section below. Read Also: What Is a Remote Job? Everything You Need to Know How To Become A Certified HVAC Technician In Canada 15 High-Paying Careers: Six-Figure Jobs to Consider in 2024 Pediatrician 101: What You Need To Know Before You Apply To Medical School

Top 11 Most Dangerous Jobs in the World In 2024!

In a world where most of us complain about having 9-to-5 jobs, there are times when we forget how difficult life can be for others who probably have some of the most dangerous jobs in the world. Last week, I went to a cafe with my friends, and all we were doing was complaining about our jobs, the minimal money, the fright of getting laid off, and the exhaustion. However, that is when Samantha said something like, “But we are privileged. At least we do not have to work as hard as a farmer under the sun!” And she is right! We are fortunate. That is when I started thinking about the people with the most dangerous jobs in the world. I started searching for the riskiest jobs and how people dealt with them. Want to know about them? I have you covered! So, keep on reading till the end to learn more… Most Dangerous Jobs in the World in 2024! Miners, underwater welders, oilfield workers, police officers, commercial fishermen— the list can go on when we start talking about the most dangerous jobs in the world. Technically speaking, if I actually sit down and list all of them, the list will be endless. That is the reason why I have listed the twelve most dangerous jobs. So, without further ado, let us get started with this list: 1. Commercial Fishermen Commercial fishing is like a high-stakes poker game with Mother Nature. These brave souls battle wild waves, slippery decks, and unpredictable weather. Imagine doing a tango with a storm—it's no picnic. Think massive nets, winches, and sharp hooks. Commercial fishermen wrangle these tools while dancing on a moving boat. One wrong move, and it's trouble. Ever heard of bycatch? It's when unintended creatures (like dolphins or turtles) get caught in the nets. Despite efforts to reduce it, bycatch remains a serious issue. When it comes to commercial fishing, you can easily forget 9-to-5. These fishermen work grueling shifts, often in the dead of night. Sleep-deprived and battling fatigue, they're like nocturnal warriors. Out at sea, these fishermen are on their own. Help isn't a phone call away. It's just them, the boat, and the vast ocean. 2. Logging Workers Logging is like a wild adventure in the forest but with serious risks. These workers deal with heavy machinery. Loggers handle chainsaws and logging machines, dealing with massive weights and unstoppable tree momentum. They work on uneven, rough ground and treacherous terrain, where a wrong step can lead to disaster. That is not all! Rain, snow, lightning, and extreme cold— nature throws curveballs at them as they have to work in literally all weather conditions. And guess what, there are times when these workers have to stay away from home for extended periods of time, working in remote locations. Sometimes they're far from help, making emergencies scarier. 3. Aircraft Pilots and Flight Engineers Aircraft pilots and flight engineers are challenging and risky professions. While passengers enjoy safe air travel, these professionals face unique hazards. Pilots navigate the skies, dealing with equipment failures, unpredictable weather, and potential mid-air collisions. Flight engineers manage aircraft systems during flight. Long hours and irregular schedules can lead to fatigue and impaired judgment. Their fatality rate is approximately 58.4 deaths per 100,000 workers. Soaring through the clouds isn't always smooth sailing! 4. Roofers The job of a roofer is to install asphalt, shingles, metal, or several other materials required to ensure that the roof of a house is waterproof. However, this is a low stress job for which you do not need a degree. Roofers spend their days perched high above the ground. One wrong step can lead to a dangerous fall. They handle substances like tar and chemicals, which can harm health. Roofers work with flames and hot asphalt, risking burns and accidents. Carrying heavy materials like shingles and tools is part of the job, and it strains their bodies. Moreover, they work with saws, nail guns, and other tools that are essential but also pose risks. Additionally, roofers brave rain, wind, and extreme heat. Imagine working on a slippery roof during a storm! 5. Refuse and Recyclable Material Collector Talk about unsung heroes, and these people will be the first in line. Being a Refuse and Recyclable Material Collector might not seem hazardous at first glance, but it's actually quite risky, with their fatality rate as high as 44.3 deaths per 100,000 workers. These workers handle hefty garbage bins and recyclables daily. Lifting and tossing these loads can strain muscles and cause injuries. The refuse truck itself is a major hazard. Workers jump on and off it, and accidents involving the truck are common. Imagine getting hit by your own workplace! Refuse collectors are at risk of being struck by passing vehicles. When they stand on the truck or work near traffic, accidents can happen. Additionally, garbage contains sharp objects, broken glass, and even toxic chemicals. Exposure to these materials poses health risks. Employers should use safer equipment, like automated side loader trucks, and ensure trucks have alarms. Workers must stay alert and wear high-visibility vests near roads. 6. Structural Iron and Steel Workers If you have something to thank the structural iron and steelworkers for, you must do it for the cities they built for us. They place and join the steel girders and other essential pieces to make the structural framework of any/all building. Now, you might be wondering why I am saying that their job is dangerous. Apart from the fact that their fatality rate is about 37.0 deaths per 100,000 workers, let me tell you what makes their jobs risky. These workers install and connect steel beams for buildings and bridges. Imagine working at dizzying heights, where falls are a constant threat. Carrying hefty steel components is part of the job. The strain on muscles and joints can lead to injuries. These workers brave rain, wind, and extreme temperatures. Harsh weather conditions increase the danger. Ironworkers use welding equipment overhead. Burns and eye injuries are real risks. Additionally, safety gear is crucial. Helmets, harnesses, and caution are their lifelines. 7. Delivery and Truck Drivers A blue-collar job for both women and men, delivery and truck drivers' jobs are considered among the most dangerous because they spend a lot of time on the road, which increases their risk of being in an accident. They often drive in unfamiliar areas, adding to this risk. Additionally, they face threats from criminals who may attack them, steal their cargo, or even their vehicles. The rise in crimes targeting delivery drivers has made this job increasingly perilous. They also risk injury from other hazards like tripping while delivering packages or being attacked by animals. 8. Farmers, Ranchers, and Other Agricultural Managers Next on the list of the most dangerous jobs in the world is that of the farmers and agricultural workers. And you might be thinking, “Why so?” Let me tell you why! You see, Farm life isn't all sunsets and hayrides. You might not know this, but the fatality rate of people working in agriculture is somewhere around 24.7 deaths per 100,000 workers. They work with heavy machinery like tractors, which can cause serious injuries. They also deal with unpredictable animals and harsh weather, which can be risky. Plus, they use harmful chemicals like pesticides and fertilizers. The injury rate for these workers is much higher than the average for all jobs, making it one of the riskiest professions. 9. First-line Supervisors of Construction Trades First-line supervisors of construction trades have a dangerous job because they work on construction sites, which are places with many risks. Falling debris, electrical mishaps, and heavy equipment— these are some of the things that they have to work with! They oversee the work and ensure everyone's safety, but accidents can happen. Workers might fall from high places, be hit by falling objects, or be injured by machines. They also have to make quick decisions, which can be stressful and lead to mistakes if they are not careful. Plus, they work outdoors, so bad weather can make the job even more risky. All these factors make their job one of the most dangerous. 10. Electrical Power-Line Installers and Repairers This is not supposed to be a surprise, right? We all know how dangerous the work of people working in this field can be. However, just knowing how to be an electrician does not mean that you will be able to do this job. They work with high-voltage electricity and often at great heights. If they touch the wrong wire or if a tool slips, they could get a severe electric shock or fall. That is not all! Apart from the technical dangers of the work, they also do physically tough work, which can lead to injuries. Plus, they have to be outside in all kinds of weather, which can make their job even harder and more risky. One wrong move, and they can literally be dead. 11. Miner Last but not least, the job of a miner is definitely going to be on this list. Just imagine the site: dark tunnels and headlamps. This is what the office of a miner looks like. And considering the fact that their fatality rate is nearly 35 deaths per 100,000 workers, it is only natural that a lot of people think twice about people actually becoming one! They work deep underground where cave-ins can happen. They face toxic air, extreme temperatures, and the risk of explosions. Miners use heavy machinery in tight spaces, which is risky. The earth can be unpredictable, with sudden tremors causing landslides. Despite safety improvements, mining still has a high rate of fatal accidents. It's a tough job with many hazards that can cause both immediate harm and long-term health problems. Wrapping It Up! Apart from these, there are several jobs that are among the most dangerous ones in the world. And yes, for most of the people who are actually working in these sectors, it is time that we salute them for their hard work. However, there is one thing that you must keep in mind. While it is true that these jobs are dangerous, they offer a lot of security. This means even if something unfortunate happens to you, be rest assured that the family will be taken care of. In case you were searching for the most dangerous jobs in the world, I hope that this blog has been helpful to you. If you have any other queries related to this, please feel free to let me know. All that you need to do is scroll down until you reach the bottom of the page. Then, leave your comments and suggestions in the box below. And I will be there to answer them all for you! Learn More Also: Best Blue Collar Jobs For Women In 2024! Is Medical Specialities A Good Career Path? – 12 Best Jobs 51 Blue Collar Jobs/Career Options To Pursue If You Get Laid Off From Big Tech In 2024

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