Stock Broker Training

Hello sir I want to know about the requirement for Stock Broker Training so please provide me necessary information about this program.

[Shaleen]

Stock brokers provide investment management services for clients of investment firms and other financial institutions.

Stock broker training requirement

Stock brokers are typically required to have a bachelor's degree in finance, several years of professional experience and one or more licenses, including a Series 7 and a Series 63 or 66 licenses.

Bachelor of Science in Finance

Stock brokers typically earn a bachelor's degree in finance or business administration.

A finance degree prepares students to work as stock brokers by focusing a student's studies on financial laws and regulations, accounting methods and investment management

Programs require four years of study and commonly include courses on:

Financial markets and institutions
Financial management
Accounting methods
Corporate finance
Investments and insurance
Risk management

Job Experience

Employers prefer to hire stock brokers with 1 - 3 years of brokerage experience.

Employers that offer online brokerage services may require one or more years of online brokerage experience.

Internships are an ideal way for beginning brokers to gain experience and build their knowledge of the industry.

Licenses and Certifications

Most investment firms require stock brokers to have a Series 7 and Series 63 (or 66) license.

Some employers hire non-licensed stock brokers if they obtain the licenses within several months of employment.

To obtain a Series 7 license, stock brokers must have four months of employment experience and must pass the General Securities Registered Representative Examination,

Brokers must receive a passing score of 70% to obtain Series 7 licensure.

Continuing Education

Employers and universities often hold workshops and seminars for stock brokers and financial advisors.

Workshops may be a part of on-the-job training or continuing education program.