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Stockbrokers deals with the buying and selling of stocks and shares on the Stock Exchange. Successful stockbrokers have come from all backgrounds and walks of life, ranging from the high school drop-out to the Harvard MBA.
A graduate in commerce can pursue the profession of a broker. To attain membership of the stock exchange, one has to go through a training under a broking firm for a period of minimum 6 months. The training aims to impart knowledge of subjects like accountancy, law related subjects, capital markets, securities and portfolio analysis, etc.
Apart from having knowledge of subjects like accountancy, economics and statistics, investment analysts having additional knowledge in specific subjects like engineering, biotechnology, pharmacy etc. adds to their advantage. Since they have better understanding in those fields, it can be beneficial in making investment decisions in those sectors.
Job: The work of stock brokers depends upon the kind operations they engage themselves into. Some of the brokers like to practice with individual clients while others work for institutions. Brokers who work for institutional investors are often called securities traders. Many prefer to work as dealers, advisors and securities analysts. Security analysts are those who advise companies on floatations of shares as they are expected to have sound knowledge of capital markets. Brokers also work in the financial sector with banks, mutual funds, consultancies, insurance companies, pension funds and financial institutions etc.
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