Stock broker agencies

Stock broker agencies

Posted: Gagzilla Date: 26.05.2017

How to Become a Licensed Stockbroker - Career Challenges & Rewards

Securities, commodities, and financial services sales agents connect buyers and sellers in financial markets. They sell securities to individuals, advise companies in search of investors, and conduct trades. Securities, commodities, and financial services sales agents work in high-stress environments and often work more than 40 hours per week. Employment of securities, commodities, and financial services sales agents is projected to grow 10 percent from tofaster than the average for all occupations.

Demand for investment banking advisory services and commodities trading are likely to create strong employment growth. Explore resources for employment and wages by state and area for securities, commodities, and financial services sales agents.

Compare the job duties, education, job growth, and pay of securities, commodities, and financial services sales agents with similar occupations. Securities, commodities, and financial services sales agents deal with a wide range of products and clients. Agents spend much of the day interacting with people, whether selling stock to an individual or discussing the status of a merger deal with a company executive.

The work is usually stressful because agents deal with large amounts of money and have time constraints. A security or commodity can be traded in two ways: Markets such as the National Association of Securities Dealers Automated Quotation system NASDAQ use vast computer networks rather than human traders to match buyers and sellers. Others, such as the New York Stock Exchange NYSErely on floor brokers to complete transactions.

The following are examples of types of securities, commodities, and financial services sales agents:. Brokers sell securities and commodities directly to individual clients. The people they advise may have very different levels of expertise in financial matters. They must create their own client base by calling from a list of potential clients.

Some agents network by joining social groups, and others may rely on referrals from satisfied clients. Investment bankers connect businesses that need money to finance their operations or expansion plans with investors who are interested in providing that funding.

This process is called underwriting, and it is the main function of investment banks. The banks first sell their advisory services to help companies issue new stocks or bonds, and then the banks sell the issued securities to investors. Some of the most important services that investment bankers provide are initial public offerings IPOsand mergers and acquisitions. An IPO is the process by which a company becomes open for public investment by issuing its first stock. Investment bankers must estimate how much the company is worth and ensure that it meets the legal requirements to become publicly traded.

Investment bankers also connect companies in mergers when two companies join together and acquisitions when one company buys another. Investment bankers provide advice throughout the process to ensure that the transaction goes smoothly. Investment banking sales agents and traders carry out buy-and-sell orders for stocks, bonds, and commodities from clients and make trades on behalf of the firm itself.

Investment banks primarily employ these workers, although some work for commercial banks, hedge funds, and private equity groups. Because markets fluctuate so much, trading is a split-second decisionmaking process. Floor brokers work directly on the floor—a large room where trading is done—of a securities or commodities exchange.

After a trader places an order for a security, floor brokers negotiate the price, make the sale, and forward the purchase price to the trader. They contact potential clients to explain their services, which may include the handling of checking accounts, loans, certificates of deposit, individual retirement accounts, credit cards, and estate and retirement planning. Securities, commodities, and financial services sales agents held aboutjobs in The largest employers of securities, commodities, and financial services sales agents were as follows:.

Most securities, commodities, and financial services sales agents work many hours under stressful conditions. The pace of work is fast, and managers are usually demanding of their workers, because both commissions and advancements are tied to sales.

Investment bankers travel extensively because they frequently work with companies in other countries. Because computers can conduct trades faster than people can, electronic trading is quickly replacing verbal auction-style trades on exchange floors. The environment of the stock exchange is changing as a result, with more traders carrying out orders behind a desk and fewer working on the exchange floor.

A growing number of securities sales agents, employed mostly by discount or online brokerage firms, work in call-center environments. In these centers, hundreds of agents spend much of the day on the telephone taking orders from clients or offering help and information on their accounts. Because most of the major investment banks are in New York City, employment of securities, commodities, and financial services sales agents is concentrated in that metropolitan area.

Securities, commodities, and financial services sales agents usually work full time and more than 1 in 3 worked more than 40 hours per week in In addition, they may work evenings and weekends because many of their clients work during the day.

Call centers often operate 24 hours a day, requiring agents to work in shifts.

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Studies in business, finance, accounting, or economics are important, especially for larger firms. Many firms hire summer interns before their last year of college, and those who are most successful are offered full-time jobs after they graduate. Because the MBA exposes students to real-world business practices, it can be a major asset for jobseekers.

Employers often reward MBA holders with higher level positions, better compensation, and large signing bonuses. Most employers provide intensive on-the-job training, teaching employees the specifics of the job, such as the products and services offered.

Trainees in large firms may receive technical instruction in securities analysis and selling strategies. Firms often rotate their trainees among various departments to give them a broad understanding of the securities business.

Securities, commodities, and financial services sales agents must keep up with new products and services and other developments. They attend conferences and training seminars regularly. Brokers and investment bankers must register as representatives of their firm with the Financial Industry Regulatory Authority FINRA.

To obtain the license, potential agents must pass a series of exams. Many other licenses are available, each of which gives the holder the right to sell different investment products and services.

Traders and some other sales representatives also need licenses, although these vary by firm and specialization. Financial services sales agents may need to be licensed, especially if they sell securities or insurance.

Most firms offer training to help their employees pass the licensing exams. Agents who are registered with FINRA must attend continuing education classes to bric countries stock market their licenses. Courses consist of computer-based training on legal requirements or new financial products or services. Although not always required, certification enhances professional standing and is recommended by employers.

Brokers, investment bankers, and financial services sales agents can earn the Chartered Financial Analyst CFA certification, sponsored by the CFA Institute. Applicants also must have an international passport. Exams cover subjects in accounting, economics, securities analysis, financial markets and instruments, corporate finance, asset valuation, and portfolio management.

Applicants can take the exams while they are getting the required work experience. Securities, commodities, and financial services sales agents usually advance to senior positions in a firm by accumulating a greater stock broker agencies of accounts. Although beginners often service the accounts of individual investors, they may eventually service large institutional accounts, such as those of banks and retirement 704 in 1 week trading binary options. After taking a series of tests, some brokers become portfolio managers and have greater authority to make investment decisions regarding an account.

For more information on portfolio managers, see the profile on financial analysts. Some experienced sales agents become branch office managers and supervise other sales agents while continuing to provide services for their own clients.

A few agents advance to top management positions or become partners in their firms. Investment banks use this policy to ensure that entry-level positions are not occupied long term, allowing the bank to bring in new workers. To judge the profitability of potential deals, securities, commodities, and financial services sales agents must have strong analytical skills.

This includes computer programming skills which they use to analyze financial products. Investment banking traders must make split-second decisions, with large sums of money at stake. Investment bankers must pay close attention to the details of initial public offerings and mergers and acquisitions because forex time zone converter changes can have large consequences.

Securities, commodities, and financial services sales agents need to be familiar with mathematical tools, including investment formulas.

All Occupations includes all occupations in the U. Bureau of Labor Statistics, Occupational Employment Statistics. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. In Maythe median annual wages for securities, commodities, and financial services sales agents in the top industries in which they worked were as follows:. Many securities and commodities brokers earn a commission based on the monetary value of the products they sell.

Most firms pay brokers a minimum salary in addition to commissions. Trainee brokers usually earn a salary until they develop a client base.

stock broker agencies

The salary gradually decreases in favor of commissions as the broker gains clients. Investment bankers in corporate finance and mergers and acquisitions generally earn a base salary with the opportunity to earn a substantial bonus. At higher levels, bonuses far exceed base salary. Bureau of Labor Statistics, Employment Projections program. Services that investment bankers provide, such as helping with initial public offerings and mergers and acquisitions, will continue to be in demand as the economy grows.

The United States remains an international financial center, meaning that the economic growth of countries around the world will contribute to employment growth in the American financial industry. However, the financial services industry has experienced some consolidation in recent years, which has slowed employment growth for these workers. In addition, automated trading systems have reduced demand for securities traders. Financial regulation, including restrictions on proprietary trading, have created a shift of employment among traders from investment banks to hedge funds; however, this shift should not affect overall employment growth for the occupation.

The high pay associated with securities, commodities, and financial services sales agents draws many more applicants than buy bluescope steel shares are openings. Therefore, competition for jobs is intense.

For entry-level jobs, having an excellent grade-point average GPA in college is important. The Occupational Employment Statistics OES program produces employment and wage estimates annually for over occupations. These estimates are available for the nation as a whole, for individual states, and for metropolitan and articles on legit binary option sites areas.

The link s below go to OES data maps for employment and wages by state and area. Occupational employment projections are developed for all states by Labor Market Information LMI or individual state Employment Projections offices.

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All state projections data are available at www. Information on this site allows projected employment growth for an occupation to be compared among states or to be compared within one state. There are links in the left-hand side menu to compare occupational employment by state and occupational wages by work from home anoka mn area or metro area.

There is also a salary info tool to search for wages by zip code. This table shows a list of occupations with job duties that are similar to those of securities, commodities, and financial services sales agents. Financial analysts provide guidance to businesses and individuals making investment decisions.

They assess the performance of stocks, bonds, sharp stock options calculator other types of investments.

Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization. Insurance sales agents contact potential customers and sell one or more types of insurance. Insurance sales agents explain various insurance policies and help clients choose plans that suit them. Personal financial advisors provide advice on investments, insurance, mortgages, college savings, estate planning, taxes, and retirement to help individuals manage their finances.

Real estate brokers and sales agents help clients buy, sell, and rent properties. Although brokers and agents do similar work, brokers are licensed to manage their own real estate businesses.

Sales interactive stock market crash game must work with a real estate broker. Global Academy of Finance and Management. Securities Industry and Financial Markets Association SIFMA. For more information about licensing of securities, commodities, and financial services sales agents, visit.

Financial Industry Regulatory Authority FINRA. For more information about certification for securities, commodities, and financial services sales agents, visit. Sales Agents, Financial Services. Sales Agents, Securities and Commodities. Securities and Commodities Traders. Securities, Commodities, and Financial Stock broker agencies Sales Agents. Bureau of Labor Statistics, U.

Department of Labor, Occupational Outlook Handbook, EditionSecurities, Commodities, and Financial Services Sales Agents, on the Internet at https: Thursday, December 17, The What They Do tab describes the typical duties and responsibilities of workers in the occupation, including what tools and equipment they use and how closely they are supervised. This tab also covers different types of occupational specialties. The Work Environment tab includes the number of jobs held in the occupation and describes the workplace, the level of physical activity expected, and typical hours worked.

It may also discuss the major industries that employed the occupation. This tab may also describe opportunities for part-time work, the amount and type of travel required, any safety equipment that is used, and the risk of injury that workers may face. The How to Become One tab describes how to prepare for a job in the occupation. This tab can include information on education, training, work experience, licensing and certification, and important qualities that are required or helpful for entering or working in the occupation.

The Pay tab describes typical earnings and how workers in the occupation are compensated—annual salaries, hourly wages, commissions, tips, or bonuses. Within every occupation, earnings vary by experience, responsibility, performance, tenure, and geographic area.

This tab may also provide information on earnings in the major industries employing the occupation. The State and Area Data tab provides links to state and area occupational data from the Occupational Employment Statistics OES program, state projections data from Projections Central, and occupational information from the Department of Labor's CareerOneStop. The Job Outlook tab describes the factors that affect employment growth or decline in the occupation, and in some instances, describes the relationship between the number of job seekers and the number of job openings.

The Similar Occupations tab describes occupations that share similar duties, skills, interests, education, or training with the occupation covered in the profile.

The More Information tab provides the Internet addresses of associations, government agencies, unions, and other organizations that can provide additional information on the occupation. The wage at which half of the workers in the occupation earned more than that amount and half earned less.

Median wage data are from the BLS Occupational Employment Statistics survey. Additional training needed postemployment to attain competency in the skills needed in this occupation. Work experience that is commonly considered necessary by employers, or is a commonly accepted substitute for more formal types of training or education.

The employment, or size, of this occupation inwhich is the base year of the employment projections. The projected percent change in employment from to The average growth rate for all occupations is 7 percent. Bureau of Labor Statistics Office of Occupational Statistics and Employment Projections, PSB Suite2 Massachusetts Avenue, NE Washington, DC US Department of Labor. Bureau of Labor Statistics. Summary Securities, commodities, and financial services sales agents connect buyers and sellers in financial markets.

What Securities, Commodities, and Financial Services Sales Agents Do About this section Markets such as NASDAQ use vast computer networks to match buyers and sellers rather than human traders. Work Environment About this section Most securities and commodities sales agents work long hours under stressful conditions.

How to Become a Securities, Commodities, or Financial Services Sales Agent About this section Brokers and investment bankers must register as representatives of their firm with the Financial Industry Regulatory Authority FINRA. Pay About this section Securities, Commodities, and Financial Services Sales Agents Median annual wages, May Securities, commodities, and financial services sales agents. Job Outlook About this section Securities, Commodities, and Financial Services Sales Agents Percent change in employment, projected Securities, commodities, and financial services sales agents.

Securities, commodities, and financial services sales agents Projections Central Occupational employment projections are developed for all states by Labor Market Information LMI or individual state Employment Projections offices. Similar Occupations About this section This table shows a list of occupations with job duties that are similar to those of securities, commodities, and financial services sales agents. Occupation Job Duties ENTRY-LEVEL EDUCATION MEDIAN PAY Financial Analysts Financial analysts provide guidance to businesses and individuals making investment decisions.

What They Do The What They Do tab describes the typical duties and responsibilities of workers in the occupation, including what tools and equipment they use and how closely they are supervised.

Work Environment The Work Environment tab includes the number of jobs held in the occupation and describes the workplace, the level of physical activity expected, and typical hours worked. How to Become One The How to Become One tab describes how to prepare for a job in the occupation.

Pay The Pay tab describes typical earnings and how workers in the occupation are compensated—annual salaries, hourly wages, commissions, tips, or bonuses.

Job Outlook The Job Outlook tab describes the factors that affect employment growth or decline in the occupation, and in some instances, describes the relationship between the number of job seekers and the number of job openings.

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Similar Occupations The Similar Occupations tab describes occupations that share similar duties, skills, interests, education, or training with the occupation covered in the profile. Contacts for More Information The More Information tab provides the Internet addresses of associations, government agencies, unions, and other organizations that can provide additional information on the occupation.

On-the-job Training Additional training needed postemployment to attain competency in the skills needed in this occupation. Entry-level Education Typical level of education that most workers need to enter this occupation. Work experience in a related occupation Work experience that is commonly considered necessary by employers, or is a commonly accepted substitute for more formal types of training or education.

Number of Jobs, The employment, or size, of this occupation inwhich is the base year of the employment projections. Job Outlook, The projected percent change in employment from to Employment Change, The projected numeric change in employment from to Employment Change, projected The projected numeric change in employment from to Growth Rate Projected The percent change of employment for each occupation from to Projected Number of New Jobs The projected numeric change in employment from to Projected Growth Rate The projected percent change in employment from to Bureau of Labor Statistics Office of Occupational Statistics and Employment Projections, PSB Suite2 Massachusetts Avenue, NE Washington, DC www.

High school diploma or equivalent. Real Estate Brokers and Sales Agents.

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