How to get job in stock market
If you are interested in pursuing a career in the stock market, you at the right place. You want to help companies trade publicly and raise capital for their business growth. You want to promote investment. You are interested in finance and managing other people’s money. You want to make a mark in the stock market.
The good news is the stock market is rising globally and opportunities keep growing every day. Despite the challenges and difficult situations that life seems to throw at this industry, it’s only growing stronger in leaps and bounds.
As a result, many are interested in this alluring career but have questions on how to go about it. If you are one of them, here is what you need to know about getting a job in the stock market.
How to make a career in the stock market
Jobs in the stock market are very lucrative. Yet you need to know that it is more than buying and selling stocks to make money. It requires you to be well equipped and prepared for this interesting, challenging, and gratifying career.
The industry is highly diverse and multifaceted, so also is the qualifications high and the industry competitive. Let’s see what it requires to bag a job in this promising field.
Educational requirements
With the intense competition in the capital market, having at least a college degree is important. Preferably, a bachelor’s degree in finance, accountancy, commerce, or any other business-related degree. This will set you ahead of the pack and increase your chances of getting hired.
However, this does not say people who don’t have a business or finance background cannot pursue a career in this lucrative field. We live in a digitized age where organizations might not mind hiring candidates from other backgrounds.
It’s not unheard of to see people make waves in the industry who have no business background except licensing certification. The right skills, aptitude, and determination to make it are more important.
Internship
Prepare yourself for what’s ahead through internship and gain the necessary skills and qualities that will be of great help later in your career. Internship shows you the demands of the job and will also connect you to the people in this stock market world.
It is an excellent learning curve for anyone who wants to become part of the stock market. Whether it’s investment banking firms, corporate finance, or even insurance sales, anywhere where sales skills are required is a good preparation ground.
Licensing requirements
Pursuing a career in the stock market might also require you to undertake some licensing exams. This includes Series 7, Series 63, Series 63, and Series 8. Many employers require at least 2 licenses depending on your choice of career. For instance, an aspiring stockbroker can take up Series 7 and Series 63. Holding a license will allow you to execute trades and also become a licensed investor.
Skills
Aside from the educational requirements, candidates have to possess certain skills in order to be successful in their chosen field. Working in the stock market is not all gold and sometimes, it can get stressful and daunting. Only those that are passionate about the job will keep going amidst it all. These qualities include:
Analytical and interpersonal skills
Good communication skills
Persistence and dedication
Good customer service
Ability to take initiatives
Highly ambitious with a drive to succeed.
Networking
The center of your job is to find new clients and build a strong referral pipeline. This means you must be actively involved in networking in order to open doors for opportunities and form meaningful relationships. There are various conferences and associations which you can attend. This way you can meet the right people that can help you land a promising career or win land more deals.
What are the career options?
A career in stock trading is not only the option. There are many career opportunities which are open to anyone who desires to work in this industry. The stock market is one industry that never keeps growing, thus, opening up more doors for aspirants. These career options include:
Stock Broker
Financial Advisor
Investment Advisor
Portfolio Manager
Corporate finance manager
Research Analyst
Online Stock Trading
Financial Analyst
Equity Analyst
Insurance advisor
Mutual Fund Manager
Market Researcher
Risk Analyst
Fundamental analyst
Technical analyst
Broking/sub-broking services
Leading employment opportunities in the stock market
Conclusion
The stock market is diverse and it keeps growing daily with no sign of slowing down. Therefore, there are opportunities for anyone who is ready to take in the high demands of the job with the win.
It can get demanding with long hours of working at the initial stage but it will pay off in the long haul. Get the necessary educational requirements, licensing and acquire the right skills to set you on the right path.