Stockbrokers manage their clients' investments by trading stocks, shares and other financial products to get the best return.
There will be
5% more Stockbroker jobs in 2023.
In your local area
You’ll usually work in an investment bank or for a firm of stockbrokers. You may provide services to fund managers and other financial institutions, or deal directly with retail investors.
There are 3 areas in which you can work. You might specialise in 1, or offer all 3:
There are also 3 types of stockbroker:
However you work, you’ll be:
In larger companies, you may specialise in investing in certain markets such as technology or finance, or in specific regions such as the Far East.
The most common route into this job is through a graduate training programme with an employer.
Companies usually recruit graduates through university job fairs. Summer internships are sometimes offered by the larger firms. Some firms will then select graduates to start when their degree finishes.
You’ll usually need at least a 2:1 degree to get onto a graduate training programme. There's a lot of competition for places, so it will help if you have some relevant work experience. A lot of graduates also have a postgraduate qualification like a Masters of Business Administration (MBA).
It may help if your first degree is in a subject like:
You may be able to move into stockbroking from a background in financial services. Previous sales experience can also help.
You could also get into this job through a degree apprenticeship as a financial services professional.
The Chartered Institute for Securities & Investment (CISI) and the Chartered Financial Analysts Society of the UK (CFA Society UK) have information on jobs and training.
You'll need to be registered as an 'approved person' by the Financial Conduct Authority (FCA).
Starter salary: £24,000 to £40,000
Experienced salary: £50,000 to £70,000
Many jobs offer extra benefits like private dental or health care.
Annual bonuses are common in stockbroking and are based on personal and company performance.
These figures are a guide.
You'll work long hours, typically 7am to 6.30pm, Monday to Friday. If you work with commodities or Asian markets, your hours will need to fit in with different time zones.
You'll usually work in a large, open-plan office, working at a computer and on the telephone. Most jobs are in the City of London.
It's a very competitive environment.
With experience and a good track record you could progress to become a trader, relationship manager or fund manager.
You could also become a partner or set up your own business.
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