Keep a lookout on national career services to find out whenever an apprenticeship opening is posted near you. Find out how to become qualified to have a rewarding career in the world of the stock exchange. Honesty and trustworthiness is a must in the profession of stockbrokers. You will buy and sell stocks according to his or her instructions and act in the best interests of the client.

how to become a stockbroker uk without a degree

It also helps if you have some education in math, statistics, and analysis. There isn’t a specific major requirement, but a degree in business is especially helpful. Earning a master’s degree can be helpful for advancement, but it’s not necessary. In May 2022, securities agents earned a median annual wage of $67,480. Larger client bases and more successful trades lead to higher earnings.

Job Hunting

But there are still many times when an investor wants to work with a broker to execute a stock trade. For example, they may want to ensure that the stock sale happens at a specific price, or they have many trades they’d like to happen in a specific order. Unlike full-service firms, independent brokerages don’t require their brokers to sell proprietary products. Stockbrokerage entails dealing with large sums of money, making the work stressful and fast-paced. Since their clients work during the day, brokers may be expected to advise clients on evenings and weekends. However, the U.S. continues to be an economic hub, meaning there will be demand for stockbrokers, and top earners can make over $189,000 per year.

how to become a stockbroker uk without a degree

Stockbrokers are responsible for monitoring the stock market and financial markets and attempting to get the best financial returns by buying and selling stocks, shares and other financial products. Most states also require brokers to pass the Series 63 and Series 65 exams, though many brokers take the Series 66, a combination exam containing content from both the Series 63 and 65 exams. Both the Series 63 and Series 65 exams cover topics like bookkeeping, legal limitations and requirements stockbrokers must adhere to, as well as client services.

What Does a Stockbroker Do?

A licence is required for a stockbroker after training and certification. Stockbroking is controlled in the United Kingdom by the Financial Conduct Authority. As a broker, you will get a commission in exchange for making a trade or giving clients advice. Getting qualified through finance or trading courses can be a straightforward way to become a stockbroker, although you may need to pair this with a relevant degree or apprenticeship. This can give you the know how needed to break into an entry-level role or higher.

how to become a stockbroker uk without a degree

Some common choices for brokers include the Master of Business Administration (MBA), Master of Finance (MFin) or the Master of Science in Applied Statistics. Some employers encourage their employees to pursue higher education by reimbursing a percentage of tuition costs upon completion. Many employers regularly host sponsored continuing education programs for their stockbrokers. These programs range from seminars to workshops to retreats hosted by experienced stockbrokers. Contrary to popular belief, you cannot start working as a stockbroker immediately after you graduate college. Licensed stockbrokers must pass between one and three licensure exams, depending on their state.

The Definitive Guide to a Career in Brokerage Sales

Leveraging these opportunities can lead to mentorship and the necessary sponsorship to obtain your broker’s license FINRA outlines this process in detail. Stockbrokers know the markets and can offer advice on the best times to buy and sell. In exchange for making trades and giving advice to clients, a broker gets a commission in the form of a flat fee or percentage of the value of the transaction. New brokers typically earn a salary while they learn the field and build their client base. As their accounts grow, commissions make up a larger portion of brokers’ income.

how to become a stockbroker uk without a degree

The General Securities Representative Exam, commonly known as the Series 7 exam, is your initial step. Passing the Series 7 exam is crucial, as it is a co-requisite for other certifications. FINRA reported 624,996 registered representatives Inventory Market Apis For Builders in 2019, down from a high of 672,688 in 2007. When you’re ready to start looking for a HIGH paying job, use Jobscan to speed up the process. One way to measure your interest in stocks is to join a local investment club.


These firms will likely give you a base salary with a commission structure layered on top. While these types of firms provide the most overhead support, they are also the most restrictive in the types of products that you can sell. This will make you a stronger job candidate and create greater earning potential. …they buy and sell stocks and other securities on behalf of their clients.

how to become a stockbroker uk without a degree

You will be given a base salary, as well as incentives based on how much and which products you sell. The main difference is that the commission payouts at banks are much lower than at full-service firms. If you’re looking for a way to get your feet wet with stockbroking and learn about the business, without a high sales quota to meet in the offset, then you may want to look elsewhere.

High School Diploma

You must be familiar with and follow all relevant laws and industry standards. The Securities Exchange Commission (SEC) oversees brokers and enforces compliance with securities laws, which you must study and understand. Among these regulations, know that maintaining accurate records and providing transparent reporting are among your top responsibilities.

  • Once you pass these tests, you will have all the requirements to become a stockbroker and you’ll be authorized to buy and sell most securities.
  • An estimated 47% of MBA students go to work for their summer employer after graduation.
  • While there are no specific schooling requirements for becoming a stockbroker, certain degrees or coursework can give you an advantage in the job.

There are necessary licenses to obtain if you want to become a stockbroker. They work with the top Universities in the country to provide 100% online experiences. Having a Finance or Business degree will definitely put you ahead of the competition. …you must understand what they mean so that you can explain them to your clients.

To become a registered securities professional, you’ll need to pass two exams. You can take the Securities Industry Essentials® exam before landing a job. This test covers basic information about the securities industry, such as regulatory agencies, best practices and the structure of the market as a whole. Since obtaining a paid internship in finance is likely to be very difficult for a non-finance graduate, one must consider other options, such as an unpaid internship or volunteer work with a broker.

Sarah’s expertise extends across various investment vehicles, including stocks, bonds, cryptocurrencies, and real estate. Whether analyzing market movements, evaluating investment opportunities, or demystifying complex financial concepts, Sarah’s writing is characterized by clarity, accuracy, and actionable insights. Through her engaging content, Sarah strives to educate and guide investors on their journey towards financial success. Many financial institutions offer their new hires education reimbursement or in-house training to help them pass their exams.