1. Introduction
Stockbrokers facilitate the buying and selling of stocks, bonds, and other financial instruments on behalf of their clients. Stockbroking is a rapidly growing field. According to the U.S. Bureau of Labor Statistics, employment of stockbrokers and financial advisors is projected to grow 7% from 2019 to 2029.
2. What Do Stock Brokers Do?
Stockbrokers typically perform the following tasks:
3. Qualifications
To become a stockbroker, you typically need a bachelor's degree in finance, economics, or a related field. You also need to pass the Series 7 and Series 63 exams administered by the Financial Industry Regulatory Authority (FINRA).
4. Job Outlook
The job outlook for stockbrokers is positive. The U.S. Bureau of Labor Statistics projects that employment of stockbrokers and financial advisors will grow 7% from 2019 to 2029. This growth is expected to be driven by the increasing demand for financial advice and investment management services.
5. Salary
According to the U.S. Bureau of Labor Statistics, the median annual salary for stockbrokers and financial advisors was $66,110 in May 2021. The highest 10% of earners made more than $134,220, and the lowest 10% earned less than $35,310.
6. Benefits
Stockbrokers typically receive a range of benefits, including health insurance, dental insurance, vision insurance, and retirement benefits. They may also receive bonuses and commissions based on their performance.
7. How to Find a Job as a Stock Broker
There are a number of ways to find a job as a stockbroker. You can search for job openings online, or you can contact financial institutions directly. You can also network with other stockbrokers and financial professionals to find out about job openings.
8. Conclusion
Stockbroking is a rewarding career that offers a number of benefits. If you are interested in a career in finance, you should consider becoming a stockbroker.
Table 1: Stockbroker Job Outlook
Year | Projected Growth |
---|---|
2019-2029 | 7% |
Table 2: Stockbroker Salary
Percentile | Median Salary |
---|---|
10th | $35,310 |
50th | $66,110 |
90th | $134,220 |
Table 3: Stockbroker Benefits
Table 4: Tips for Finding a Job as a Stock Broker
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