Stockbroker Jobs

Stockbrokers work on behalf of a client investing money in stocks, shares and other financial instruments to make the client a profit. The client may be an individual or and organisation.

The role of a stockbroker is arduous and the hours are long, however a stockbroker job can be very exciting and extremely financially rewarding.

There are three key types of stockbroker jobs / services:

• Execution-only – this is when the broker only acts on the instruction of the client to buy or sell.
• Advisory dealing – this is where the stockbroker advises the client which stocks and shares should be sold but leaves the ultimate decision with the client.
• Discretionary dealing – this is where the stockbroker retains control of both the investigations and the final deals, based on the initial requests and objectives of the client.

On some occasions a stockbroker may opt to work on their own behalf, surmising which stocks and shares will sell well. In this instance the stockbroker is classed as working as a principle and is often referred to as a trader as no actual brokerage is involved.

There are various routes to take to embark on a stockbroker jobs but the most common would involve completing and undergraduate degree and undertaking an FSA approved qualification whilst working as a trainee stockbroker in a firm or investment bank.

For the qualified individual, stockbroker jobs can involve working for a specialist stockbroker firm. For these individuals the focus is usually on becoming the best in their field and working towards hedge or fund manager

There are also opportunities to work within investment banks with one of the coveted roles – one of the most prestigious and most lucrative being in investment management, where in some cases the salaries have been reported at well over £1 million per annum with healthy bonuses in excess of hundreds of thousands of pounds.

Where can I get stockbroker jobs?

In the UK we have one of the highest ranked stock exchanges – based in London and established in 1801 the London Stock Exchange is highly regarded. However there is the opportunity to find stockbroker jobs at alternative stock exchanges for example the number one ranked New York Stock Exchange, The Tokyo Stock Exchange or the Euronext in Paris.