Stock Broker

Graduates can become stock brokers with at least 2 years of experience with a stock broking firm. However, a class 12 pass-out can become a sub broker. Students with economics, business, commerce and finance qualifications usually enter this profession.

Many institutes all over India provide courses related to stock trading and financial markets. Like certificate course in trading, post graduate diploma in capital markets, Diploma in financial and investment planning etc. MBA in Financial Markets is also available. Most of the big broking firms prefer MBAs, with specialization in finance or Chartered Accountants (CAs) and Chartered Financial Analysts (CFAs). This business also requires the services of specialists like economists, accountants, finance managers, financial analysts, capital market specialists and investment and financial planners.

How to be a Stock Broker:

• All the stockbrokers have to register themselves with the stock exchange(s) depending upon their dealings in the securities listed at various stock exchanges.
• To become a member, you need to clear a written entrance test and then undergo training, which includes subjects like accountancy, capital markets, securities and portfolio analysis and so on.
• On the application and consequent attainment of the membership, a certain amount has to be deposited with the stock exchange as security. Membership is given after scrutiny to ensure that the person concerned possesses the infrastructure (computer, internet connection, etc.) to be able to operate as a broker.
• One has to take NSE’s certification in Financial Markets and BSE certification on derivatives exchange.

• Institute of Company Secretaries of India, New Delhi.
  Post-graduate membership course in capital market and financial services.
• NSE and National Institute of Financial Management jointly offer PG program in financial markets (1 year).
• All India Center for Capital Market Studies, JDC Byte Institute of Management Studies and Research, Nasik.
  It offers a one-year post-graduate programme in capital market studies, in collaboration with the Mumbai Stock Exchange Training Institute leading to a diploma from the University of Pune.
• Mumbai Stock Exchange Training Institute, Stock Exchange Building, Fort, Mumbai.
  Certificate courses are run periodically throughout the year.
• BSE Institute Limited, New Delhi offers 2 year PG Program in Global Financial Markets.
• Institute of Capital Market Development, Karol Bagh, New Delhi.
  It offers a one-year post-graduate programme in fundamentals of capital market development.
• Institute of Financial and Investment Planning, B/303, Ventex Vikas, Andheri East, Mumbai.
  It offers a one-year correspondence cum-lecture course leading to a diploma in financial and investment planning.
• Institute of Chartered Financial Analysts of India, Road 3, Banjara Hills, Hyderabad.
  It offers courses on Chartered Financial Analyst Equity Research. The institute is also planning a number of other related programmes.
• Institute of Financial and Investment Planning, Mumbai: One year financial and investment planning course is offered by this institute.
• National Stock Exchange (NSE) and Maharshi Dayanand University MDU), Rohtak offers two-year MBA in financial markets. Along with the MBA one also undertakes and qualifies for the 15 modules of NSEs NCFM. The marks in the NCFM modules are factored in the final grade. The course can be pursued in Distance learning mode or as weekend classes.
  NSE-MDU also offers a BBA in financial markets.
• Crisil Certified Analyst Programme (2-year ). The selection is through CRISIL aptitude test, eligibility is any graduation. The program is entry level programme for crafting world class finance professionals; there's no course fee and after passing one gets employed with CRISIL and is paid Rs 1.25 lakh pa salary in the first year and Rs 2.25 lakh in the second year.
• The UTI Institute of Capital Market, Plot 82, Sector - 17, Vashi, Navi Mumbai.