By Garrett Diola
Stock brokers perform financial services for their organization's clients related to stocks and other securities. They advise their clients on current and prospective investments, help manage their portfolios and provide advice on which investments might have the best returns, as well as process transactions on their clients' behalf.
Stock brokers typically need at least a bachelor's degree (4 years in college) in business, finance or a related field, and on-the-job training is usually provided by employers. You'll need to pass a series of exams to be licensed with the Financial Industry Regulatory Authority as well.
Perks of the job
- Work in a nice office.
- Eat very well as you take clients out to lunch often.
- Lots of money, you can choose how much you make by how much you know and how much you work.
Generally, to make the most money stockbrokers want to work for a good firm in New York. You can be a stockbroker and live elsewhere, but your chances of being very successful are slim. Long Island has been a hot spot for successful firms.
One of the great attractions for many that become stockbrokers, is that there is no such thing as a typical day. In fact, being a stockbroker is essentially the same as being a small business owner. You decide when, how and who you work with.