Brokerages may hire stockbrokers directly after they graduate with a bachelor’s degree, which typically takes four years to complete.
Some obtain a Master of Business Administration (MBA) degree before pursuing a job as a stockbroker.
Earning an MBA can take an additional two to three years.
How much do stockbrokers make a year?
A stockbroker salary is based upon sales commission. A beginning stock broker will have to build a client base and a successful reputation, in order to bring in a larger paycheck. The mean yearly salary for a financial analyst was $84,300 or, $40.53 per hour, according to the Bureau of Labor Statistics.25 Jul 2018
How do I become a stock broker at home?
Steps to Becoming a Stock Broker
- Obtain high school diploma.
- Get a bachelor’s degree.
- Complete an internship.
- Find a sponsor to take the necessary licensing exams.
- Take and pass the licensing exams.
What are the requirements to become a stockbroker?
It is generally recommended that you acquire at least a bachelor’s degree prior to becoming a stock broker. You may consider pursuing a degree in accounting, economics, business, or finance. A master’s degree is not necessary, but many employers prefer it if you pursue advanced positions within the company.
Photo in the article by “Pixabay”