How to Become a Broker
If you have an interest in business, economics and finance, then you may be interested in learning how to become a broker.
Yes, it's true that in these economic climates, brokers don't exactly have the best reputation, because so many people are hurting financially and blame big, bad Wall Street for that.
However, the legitimate, trained and certified broker who helps his clients reach their goals is still a highly sought after career and role.
Use this guide to learn more about how to become a broker and enter this competitive and potentially extremely rewarding field.
One of the first things you'll want to do in your journey for how to become a broker is think about whether or not this field is right for you.
A few basic guidelines include being interested in economics and finance, as well as having strong mathematics and computer skills, and even personal skills as you'll really be in the business of interacting with your clients and guiding them financially.
If all of that sounds good for you, then it's time to begin your educational track.
Now more than ever, companies have very high standards for their applicants and employees.
There was a time when you could just grab an internship, prove your skills and get certified and hold down that job.
Now though, with all of the competition and the desire to have higher standards, education requirements are typically more strict.
In almost all cases, you'll need a bachelors degree, most typically in business, finance, accounting or economics, or some combination thereof.
In addition, many entry level employees today also have MBA degrees.
Those who don't enter the workforce with an MBA typically gain one while they're working.
Having that postgraduate degree will really open doors for you and will help you to stand out from the crowd, and advance higher up the ladder.
As you are completing your education, you'll want to look for internship and job training programs.
If you go to a highly regarded school, they should have partnerships with some big-time companies or will be able to assist you with landing these gigs.
During these times, you gain exposure to the real world working environment, and hopefully you catch the eye of a potential future employer, which would mean you would have a job waiting for you as soon as you graduate.
Whether that's the case or not, when you get hired, you'll need to become registered with the FINRA, Financial Industry Regulatory Authority.
That requires having been at a registered company for at least four months, and also passing the Series 7 exam, formally known as the General Securities Registered Representative Examination.
This is a six-hour, 250 question test that you'll need to pass, and in most states you'll also need to pass the Uniform Securities Agents State Law Examination, known as Series 63 or 66.
Hopefully you now know more about how to become a broker.
Use this guide to get started, and you'll be able to enter this lucrative profession.
Yes, it's true that in these economic climates, brokers don't exactly have the best reputation, because so many people are hurting financially and blame big, bad Wall Street for that.
However, the legitimate, trained and certified broker who helps his clients reach their goals is still a highly sought after career and role.
Use this guide to learn more about how to become a broker and enter this competitive and potentially extremely rewarding field.
One of the first things you'll want to do in your journey for how to become a broker is think about whether or not this field is right for you.
A few basic guidelines include being interested in economics and finance, as well as having strong mathematics and computer skills, and even personal skills as you'll really be in the business of interacting with your clients and guiding them financially.
If all of that sounds good for you, then it's time to begin your educational track.
Now more than ever, companies have very high standards for their applicants and employees.
There was a time when you could just grab an internship, prove your skills and get certified and hold down that job.
Now though, with all of the competition and the desire to have higher standards, education requirements are typically more strict.
In almost all cases, you'll need a bachelors degree, most typically in business, finance, accounting or economics, or some combination thereof.
In addition, many entry level employees today also have MBA degrees.
Those who don't enter the workforce with an MBA typically gain one while they're working.
Having that postgraduate degree will really open doors for you and will help you to stand out from the crowd, and advance higher up the ladder.
As you are completing your education, you'll want to look for internship and job training programs.
If you go to a highly regarded school, they should have partnerships with some big-time companies or will be able to assist you with landing these gigs.
During these times, you gain exposure to the real world working environment, and hopefully you catch the eye of a potential future employer, which would mean you would have a job waiting for you as soon as you graduate.
Whether that's the case or not, when you get hired, you'll need to become registered with the FINRA, Financial Industry Regulatory Authority.
That requires having been at a registered company for at least four months, and also passing the Series 7 exam, formally known as the General Securities Registered Representative Examination.
This is a six-hour, 250 question test that you'll need to pass, and in most states you'll also need to pass the Uniform Securities Agents State Law Examination, known as Series 63 or 66.
Hopefully you now know more about how to become a broker.
Use this guide to get started, and you'll be able to enter this lucrative profession.
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