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MBA in Finance

While those who are aspiring to be a stock broker are not strictly required to take a particular course in college, it helps to get an MBA inMBA Degree finance for career advancement. Unlike other degrees, finance can help you cope in this profession, particularly if you have plans of getting a higher position in the firm. Since stock brokers regularly deal with the proper way of investing and managing their client’s finance, then this course is quite essential in making them competent in doing so.

Several factors are linked with obtaining success as a stock broker. However, one important means of increasing one’s chances of advancing in this profession is by having a degree in finance. After all, you can gain a competitive edge above other professionals in the industry when your educational background is relevant to this career.

With an MBA in finance, your clients will have the assurance that you understand exactly what is expected of you, and that you can boost the returns on their investment by applying what you know about this field.

As a stock broker, you are tasked to make intelligent choices and logical decisions when it comes to the personal finances of your clients. You need to know the best means of investing their money, which you can do so when you specialize in finance. With your skills in securing your clients’ investments, you may also become one of the most sought-after stock brokers by various employing companies that need your excetional abilities.

To become successful in this industry, you need to continuously grow your customer base. So, to encourage more people to keep investing, you should take the necessary education and training that will lead you towards your goals. Hence, an MBA is not a major requirement, but it puts you ahead of the rest in this profession.

If you hope to become a part of one of the largest firms in the country, then you need to update your skills and education. With a more impressive skillset and educational background, you will become the kind of stock broker that firms want to hire. By pursuing this degree, you can secure your future and expect higher salaries, benefits, bonuses and position in the company. You should never stop with hoping to become a stock broker, but think about amazing possibilities once you attain the pinnacle of your career by having a profitable degree to help you reach your goals.

Final Thoughts

MBA studentsIndeed, education and training have a huge impact to one’s career, particularly with stock brokers. Considering this, you should do your best to get an MBA in finance aside from other trainings and workshops relevant to your job. With an MBA, you can increase the possibility of getting a job and maximizing your income.

So, consider taking the initiative to get quality education and training to become an exceptional broker. Since many people are taking advanced degrees, it is about time you join the bandwagon. Thus, start choosing the right path to support your success as a stock broker with the right degree and training to enhance your skills. Pursue your MBA, and discover how far this can take you to your dreams of becoming a successful stock broker.

Stock Broker Trainee

If you are hoping to become a stock broker, you should be prepared for a lengthy process before reaching your goal to pursue this career. Read along and discover ways on how you can become a trainee, as well as some essential tips to support you along the way.

Essential Requirements:

Aspiring stock brokers are not required to take a specific course in college before they can take this job. However, having a degree in stockbroker traineeeconomics, business and finance can give you an edge above others who plan to work as a stock broker in top-rated firms.

Generally, your character is more important than any college degree. For instance, you should be willing to be trained and adopt necessary skills for this profession. Moreover, you must be tolerant of others and maintain your calm disposition even when you encounter stressful situations. Having outstanding communication skills and a deep sense of responsibility can also go a long way if you plan to succeed as a stock broker trainee.

Thus, be sure to instill within yourself the right attitude that can help you gain a steady base of clients to support your progress in this career.

How to Become a Stock Broker Trainee: Important Tips You Should Know

Initially, you should submit your application to several firms until you find one company that is willing to give you a hands-on training for the job. In most cases, the period for apprenticeship takes about four months since your skills and competencies will be assessed first by the company. This is also the perfect opportunity for you to determine if being a stock broker is indeed the profession you wish to pursue.

After your on-the-job-training period ends, you can pursue your applications to take the General Securities Registered Representative Licensing Exams. Upon reaching the 70% cut-off mark, you may be required to take another test based on the area of your employment. It is possible for you to take the Series 63 examinations for securities agents.

Towards the end of that period of the on-job training, you can now apply to sit for the General Securities Registered Representative Examination. If you pass this examination with 70% or more marks, there may be another examination for you to sit, depending on the state you are in. This is the Uniform Securities Agents State Law Examination, also known as the Series 63 Exam. After getting the test results, you may find an employment as a stock broker assistant. This way, you can learn more about the duties required from an experienced stock broker. Keep in mind, though, that you may have to wait for years before the company will realize your capability of working on your own.


There are so many things you have to go through before you can become a stock broker trainee. However, by being aware of these steps, you can finally reach your goals of being a professional stock broker, which can help you boost your earning potential. With dedication, the right attitude, continuing education and training, you can become successful in this career.

How To Get Series 7 License

How to Obtain a Series 7 License?

Before you begin to pursue a career in selling financial products, it is important that you obtain required licenses for this profession. For series 7 licence finrainstance, the Series 7 license is essential for any aspiring stock brokers, and there are several requirements that must be met to succeed in getting one.

Which Professions Require a Series 7 License?

Anyone who has the Series 7 license can begin selling their financial products except for commodities, futures and insurance. So, if you have plans of working as a full time seller of financial products, you need to get this license after successfully passing the examination. Upon getting your license, you can start selling variable annuities, derivatives, stocks and mutual funds.

Who Can Administer Examinations for the Series 7 License?

Are you hoping to get a Series 7 License, they should coordinate with FINRA, known previously as the NASD. The FINRA administers the examinations for the Series 7 license.

Why Should You Take the Examination and Get a License?

The Series 7 license equips individuals with key knowledge and skill that are necessary in selling financial products. Among the areas covered in the exam include economics, tax and securities law, securities market and marketing, to name a few. Aside from training individuals to become more proficient in these areas, their clients can have the assurance that the broker they are dealing with is legitimate and reputable.

What are the Steps Included in Applying for a Series 7 License Exam?

If you are opting to take the exam for the Series 7 license, you should first find employment in a company that is either a Self-Regulating Organization or has a membership to the FINRA. However, keep in the mind that you first need to secure a license before you can be employed in these companies. So, it helps to pursue several companies and find one that can sponsor you to take Series 7 license examinations.

The Series 7 licensing examination gives financial professionals an opportunity to present their competencies in various areas of trading (not including commodities or futures. This test serves as the initial step required for aspiring stock brokers. Before you can take the examination, be sure to find a member firm that will sponsor you. This organization will also file the Form U-4 or the Uniform Applications for the Securities Industry Registration with FINRA.

Before the U-4 form is filled out, the firm sponsoring you should serve the appropriate signatory. Hence, if you pursue to submit the form without any signature of the firm sponsoring your application, then you are most likely to be rejected. Furthermore, the amount you have paid for the registration will not be refunded.

Another option is by applying as an intern at FINRA-member companies. Eventually, you can gain necessary skills that will support your goals of taking and passing the licensure examinations. When the company has seen your potentials, it will be easier for you to find a sponsor for the exam.

You may also begin by applying as an insurance sales representative. You can use this career as a pathway to being sponsored for the licensing exam for the Series 6. Once you hold a license, you can start selling mutual funds and annuities. Soon, you will be more prepared to find a better company that can sponsor you to take the exam for the Series 7 license.

Where and When are the Licensing Exams Administered?

There are several options to choose from when it comes to the location and date of taking the exam. You can find several examination centers in the United States, as well as overseas, for applicants residing outside the country, As for the date of exam, there are schedules during weekdays, and it is only a matter of determining your level of preparedness for it.

How Many Hours Does the Exam Take?

You are expected to finish the test in six hours, and there is a morning and afternoon session with three hours each. Applicants may take the test online, and you can immediately receive a feedback on the outcome of the test.

If you fail the test, there is nothing to fear about having your employment terminated by the sponsor firm. However, you need to understand that whenever you retake the test, there is a required fee of $200 for the registration. Thus, you will have to settle the fee to your employer when you have a retest.

After failing the test thrice, you need to wait up to six months before you can take a retest. It is expected that by the end of the waiting period, you would have already paid the fee of $600 since the total cost of taking the test the fourth time is $800. Moreover, you should be well-prepared for the retest, so it is best not to rush into taking the examination again when you are not ready yet.

What is the Scope and Structure of the Examination?

There are 260 multiple-choice type of questions with four alternative answers to choose from. Ten of the questions are used as sample or practice tests, so you should be able to get more correct answers from the remaining 250 questions. Keep in mind that there is no way of knowing which among the 260 questions are only sample ones, so you will have to do your best in answering all questions to boost your chances of passing the exam.

The following are the ratings given per content area:

1. Giving Customers Information – 49%

2. Securities Markets Accounts – 21%

3. Opening Clients’ Accounts – 11%

4. Clients’ Economic Condition and Portfolio – 8%

5. Marketing – 4%

6. Judgment of Your Ability to Assess Clients – 2%

series 7 exam

Bottom Line

The Series 7 License is designed to test basic skills and knowledge required for professionals looking to sell financial products. In case you fail, you may always have a retest after 30 days. To boost your chances of passing, you may also take mock exams to give you further details about the test. By having an in-depth understanding about the Series 7 licensing examination, you can start conditioning and preparing yourself well before taking it. This way, you will not end up spending hundreds of dollars for the retest, and you can save time by getting a license immediately upon passing the examination.

Stock Broker Salary

As of 2013, stock brokers in the United States earned an average income of $70, 190, based on the Bureau of Labor Statistics. Those in the upper 10 percent earned over $166, 400 while the bottom 10 percent received a little lower than $31,330 in a year. However, it is worth noting that the median wage does not give an actual proof of how much a stock broker earns. It is only intended to provide a broad idea of the possible earnings one can expect from pursuing this career.

Stock Broker Income

As with anyone who is deciding on the best profession to take, it is only practical to know first how much you are likely to make from a particular job before you go for it. For instance, there are some people who are led into thinking tha stock brokers make millions, although this is merely stretching the truth. Although stock brokers receive a decent pay, they cannot turn themselves into a millionaire after a few months in this profession. After all, several factors are at play when it comes to the salary of stock brokers.

stock brokerFor instance, stock brokers may earn more or less than the average guy, depending on the work experience, qualifications, performance and place of employment. You should also keep in mind that it is never logical to compare the portfolio manager’s salary with that of a stock broker’s. After all, there is a huge difference between the two since their position in the company dictates how much they make. However, stock brokers can maximize their earning potential by having more clients who buy their products, as this equates to higher commissions.

Generally, trainees earn about $20,000 to $30,000 per year. For an initial income, this is quite higher than what other professionals receive. As soon as you start gaining more clients, then you an expect to have higher commission rates while your basic pay becomes lower.

In addition to the work experience, geography has a huge impact when it comes to the salary of stock brokers. According to statistics, New York-based stock brokers make about $135,700 annually while those situated in Kentucky earns a meager $59,060 pey year. Furthermore, the total income one receives is greatly affected by the number of commisions.

Making Commissions

Stock brokers can expect greater profits through the commission they receive. This refers to the monetary value of every transactions they have successfully made. The commission rate depends on the type of financial product sold such as annuities, mutual funds and shares, to name a few. Stock brokers who are employed in firms obtain their commissions based on how they have perform throughout the day.

Initially, the salary may be rather decent, yet the commission increases as stock brokers are able to establish a steady base of clients. As you earn more commission, your salary will also decrease. So you need to gain more clients and boost your sales to maximize your earnings.

Ways to Build a Portfolio of Clients

As stated earlier, the best way for a stock broker to earn more is by having more regular clients. With this in mind, you should search the internet and strive to find potential clients by following these tips.

– Start with the People Around You

When looking for prospects, you may simply begin with your family members. After all, these people are more likely to become customers. All you need is to explain carefully what your product is all about, and be sure to be thorough and honest with your way of marketing your offerings. By doing so, you can increase your chances of getting new and loyal customers.

– Expand Your Network

You need to start targeting like-minded individuals who care about your products as this boosts your chances of obtaining much-needed clients that can help your business. Consider attending seminars, events and other gatherings where you can present your products and implement your marketing skills.

– Reach Out with Your Blog

Nowadays, more and more people are discovering the benefits of blogging in reaching out to a wider audience. Moreover, it provides a quicker and more efficient way for you to gain responses from your audience. A great way to start is by creating a blog about investing, then fill it with informative and meaningful content that will add value to your readers.

Provide content that is compelling enough to encourage people to share it via social media channels. Eventually, word of mouth will drive more people to your blog and convert them into potential loyal customers.

So, if you want to succeed in this profession, start applying these tips that will help you gain a solid client base and better returns on your investment.

How To Become A Stockbroker

Looking to become a stockbroker?

If so, then you have come to the right place! Learn more about the job description, education requirements, and stock broker salary details. Moreover, this is an excellent resource for top-rated business schools within your area, as well as a comprehensive guide on how to succeed in this profession.

So, if you are serious about this career, then you have made an excellent choice. After all, being a stock broker is a profitable profession. With the right mindset, thorough knowledge of this career, and practical advice from the pros, you can expect to reach the pinnacle of your success as stock broker.

Career Overview

stockbrokersAs with any career, it helps to know the best route to take that will lead you closer to it. Years back, you can become a stock broker regardless of your degree in college. Now, you should get a degree that is relevant to this job. Among these fields include Statistics, Mathematics, Economics, Finance and Accounting. Ideally, a degree in finance is suitable for those aiming to become a stock broker. You may also check this page for a list of the finest business schools in the US.

Start browsing the proceeding pages to have a better understanding of the career, potential income, and a list of reputable business schools to prepare you for this profession.


It is important to have a bachelor’s degree before you can proceed to becoming a stock broker. In fact, most brokerage firms prefer aspiring trainees who hold a degree in finance or business, as these are relevant courses to this career. Thus, be sure to select from the following fields and aim to get a degree in any of these options:

  • Business
  • Statistics
  • Mathematics
  • Accounting
  • Economics
  • Finance

If you wish to go on an internship program, you may do so during the summer of your senior year in college. Interns also have an edge above other applicants since the former have obtained necessary skills and knowledge in this profession. As soon as you find employment after completing your degree, you can already pursue an entry level position as a stock broker. However, if you have plans of boosting your earning potential, strive to get an MBA for greater career opportunities and higher income.

A degree in MBA provides individuals with a better feel of how the business environment functions in the real world. This means, they are more capable of handling daily pressures of their job, which can take them farther in this career. Most importantly, MBA degree holders have a greater chance of getting higher salaries and more benefits, as compared to graduates of any 4-year course.


It is essential that you equip yourself with certain skills and a deeper understanding of the career, which is made possible through training. Hence, all aspiring and established stock brokers undergo series of training to develop, enhance and strengthen their professional skills. Trainees are also able to learn more about the key products and services that the firm offers. By completing your training sessions, you can obtain effective selling techniques and metods of analyzing securities.
Furthermore, employers give their trainees a chance to experience how it is like to work in various departments in the business. Intensive trainings, seminars and workshops are also provided on a regular basis to update and expand the skills of trainees.


To become a stock broker, you need to obtain proper licenses. For instance, aspiring stock brokers in the United States can get their license after passing the Series 7 and Series 63 examinations. However, you need to be aware of the licensing requirements that prevail in the area where you plan to seek employment. You also need to be sponsored by an exhange, self-regulatory organization and FINRA-member firm before you can qualify for the Series 7 examination.

The Financial Industry Regulatory Autority or FINRA administer the Series 7 and Series 63 examinations. To qualify for a license, you need to reach a minimum 72 percent marks in the Series 7 (General Securities Representative Exam) and answer correctly at least 43 of the 60 questions in the Series 63 (Uniform Securities Agent State Law Examination). To learn more about the Series 7 examination, click here.


Although there are no strict rules to become certified before you can get a job as a stock broker, most employers recommend candidates to stockbrokerobtain a CFA certification to boost their professional standing and position in the company. The Charter Financial Analyst or CFA Certification requires applicants to hold a bachelor’s degree and at least 4 years of professional working experience in the field.

Aside from these education and employment requirements, you should pass all three examinations to be certified. These exams include questions based on various areas such as financial markets and instruments, economics, accounting, corporate finance, portfolio management, asset valuation, and securities analysis.


Stockbrokers are expected to promote and sell their financial products to their clients. This means, aside from licenses and educational requirements, they should be able to imbibe in themselves certain traits that could help them in this career.
For instance, you need to be versatile when it comes to dealing with different types of people. Be transparent and honest to your clients, and rise above any pressures involved in your work. As mush as possible, deal with stress in a rational and logical way. If you need to take risks and make split-second decisions, assess both sides of the issue carefully since in every situation, a large amount of money is always at stake.

Selling and marketing skills are also relevant skills that every stock broker should possess. It is also important that you can make your clients feel comfortable as you explain to them various topics during a financial consultation. Learn to connect with your clients through excellent interpersonal and communications skills. This way, you can grow your client base and increase your sales over time.
When dealing with your colleagues, be sure to develop flexibility and adaptability to cultivate a harmonious relationship with the people around you. Flexibility enables you to work independently or with a group, depending on the circumstance.

Career Opportunities

There are various job opportunities that await stock brokers, depending on your performance and achievement as a sales representative. wall streetAlthough you will have to start by dealing with individual investors, you can progress to servicing accounts of large companies such as retirement funds, banks and financial institutions that can boost your success.
After proving yourself in this career, you may assume the position of a portfolio manager. However, you will still have to pass tests before you can become promoted to this more lucrative rank in the business. As you gain more experience and skill in the industry, it is possible to become a branch office manager who is responsible for supervising and training other sales agents.

In addition to these positions, you may even become of the members of the top management in the firm. Keep in mind that there are endless opportunities in this career, as long as you are dedicated and persevering in attaining higher positions in this profession.

Career Outlook

In the United States, this job sector is most likely to increase by 15 percent from 2010 to 2020 because of its promising future. Based on the Bureau of Labor Statistics, the increase is due to the greater demands for this profession as more and more individuals are exploring other ways to replace their existing pension plans. Stock brokers can help them by providing financial products with better returns on their investment over time.
While the job outlook for this field is quite positive, it is still important that you strive to gain a competitive edge over other applicants and aspiring stock brokers. With the tough competition for this job, you should constantly develop your skills to secure a solid position in this industry.