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How to become a Stockbroker

stockbroker careers

What does a Stockbroker do?

Stockbrokers manage investments for individual clients or companies and large organisations, buying and selling stocks and shares to make the best return for their clients. Some stockbrokers completely manage their clients’ investments and make decisions on their behalf, whereas others will act according to the client’s instructions on buying and selling shares. Much of the trading is conducted by telephone and via the internet.

The client’s portfolio of investments is regularly reviewed to monitor performance, and updates are produced to illustrate the findings. The stockbroker will keep in regular contact with the client and suggest any changes which could improve performance.

Stockbrokers work as part of a team alongside investment analysts who carry out in-depth research into how the companies and markets are performing. The analyst produces reports which the stockbroker uses to advise existing clients and to attract new ones. Some stockbrokers will have had training before starting work in this area though there are many instances of those who haven't being very successful in such a role.

What's the working environment like working as a Stockbroker?

Stockbrokers work long and often irregular hours in large, open-plan offices. The London Stock Exchange opens at 8am so stockbrokers are normally at their desks by 7am.

It is usually a very hectic environment and involves extensive use of computers and telephones.

What does it take to become a Stockbroker?

To be a stockbroker you should:

  • be able to interpret complex information quickly and act accordingly
  • be able to work under pressure in stressful situations
  • have confidence in your own judgement and be able to take risks
  • have strong written and oral communication skills
  • have good mathematical skills
  • be able to work as part of a team and act on your own initiative.
Language skills - particularly German, Japanese and French - can be useful if working with overseas clients and markets.

Stockbroker Career Opportunities

Further information

If you would like to know anything about Stockbroker that does not appear on Hotcourses, further information can be found below.

Financial Services Skills Council (FSSC)
51 Gresham Street
London
EC2V 7HQ
Tel: 020 7216 7366
www.fssc.org.uk

Securities & Investment Institute (SII)
Centurion House
24 Monument Street
London
EC3R 8AQ
Tel: 020 7645 0680
www.sii.org.uk

UK Society of Investment Professionals (UKSIP)
90 Basinghall Street
London
EC2V 5AY
Tel: 020 7796 3000
www.uksip.org

Financial Services Authority (FSA)
25 The North Colonnade
Canary Wharf
London
E14 5HS
Tel: 020 7066 1000
www.fsa.gov.uk