I'm interested in becoming a stockbroker. I am NOT talking about trading. I want to sit at a desk and sell stocks. I'm currently a high school Junior. What are the steps to becoming a stockbroker? Does one HAVE to go to an Ivy League college? But no, you will not be Leonardo. Assuming you aren't trolling which I assume you are, but just in case , stock brokerage is a dying career field. There are only a tiny handful of stock brokers left.

How to become a Stockbroker? | Wall Street Oasis

Within the next decade or so, the career field will be in the history books. Technology and regulation have essentially done away with the career field. Unlike others here, I believe stockbrokers, as useless as they are for anyone who understands what an ETF is, will exist for a long time to come. Best way to become a stock broker: It may exist in some manner especially in other countries , but in the U.

It's extremely difficult to tell your clients to buy and sell stocks for the benefit of your own brokerage fee when it's highly unlikely to be in the clients' best interests.

That's why stock brokers are transitioning to fee based Asset Management. Fewer and fewer brokers charge per transaction. This fee-based system more greatly aligns interests as there is no longer the incentive to churn accounts near month end.

Well, then they're not really stockbrokers; they are investment managers. A stockbroker is literally a middle man between an equity security and an investor, and he or she is paid a fee for brokering the sale. I'll save a dissertation on why my industry isn't going away for another day.

I'm assuming you're not an idiot and you're not trolling, so if you are either, shame on me. WSO's COO Chief Operating Orangutan My story My Linkedin. You don't have to go to an Ivy school to become a stock broker, you just need the right certifications.

There are many many different kinds of brokers, but most brokers make their money from commission from selling and buying stock. If you do decide to take the broker route, make the decision of what kind of broker you want to be. Do you want to specialize in a niche and become well known in that space? Help out your ibanking arm placing their stock? Do you want to become a wealth advisor and actually go through the process of building an IPS with clients and maintaining the right portfolio mix?

Maybe eventually managing their portfolio on a discretionary basis? There isn't really such a thing as a "stockbroker" nowadays. They're financial advisors and have high quotas to reach that are practically impossible for a year old. Check out the following book: The Million-Dollar Financial Advisor: Powerful Lessons and Proven Strategies from Top Producers.

I know plenty of financial advisors that went to community and crappy colleges. I know a dude that makes k a year selling annuities to clients at a bank he never went to college-worked his way up from a teller. IB PE HF RE CO TR AM ER CF ALL JOB BSCH OFF FASH TREND BEST.

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See you on the other side! I don't think those even exist anymore. LBO Modeling Tests for PE Interviews. I see you watched The Wolf of Wall Street. Private Equity LBO Modeling Tests. Hop in a time machine and head back to Excel Model Templates and Training.

Hedge Fund Pitch for Interviews. Best Modeling Courses - Finance Training. Stockbrokers are becoming investment managers. Toughest PE Interview Questions. Or do you just want to pitch ideas and try get people to listen to you.

Broker is a very broad category, but the main thing it comes down to is selling. Wall Street Prep Discount - Financial Modeling Courses. Private Equity Case Interview Samples. Want to Lose the body fat, keep the muscles, I can help. Investment Banking Interview Questions. Investment Banking Interview Brainteasers. Must Reads on Wall Street Oasis. Life After Investment Banking Life at a Top Asset Manager.

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I just realized nobody on this forum ever takes a second to appreciate all the hard work we put in and all the great knowledge we share with each other. A year ago I graduated from HS and entered my local CC because I had no clue what was really for me.

I was a Computer Science major at the A little about me: I don't come from typical financial services major nor have I ever wanted to be an IP myself.

All the same, I love my job and don't wouldn't trade it or my firm for the world. Saving Time Bitches That's right. Although doing deals and pounding out diligence is sweet, the Hamptons are sweeter. How can we save time to get out of the office faster? The market is turning rapidly In the last 60 days I've seen so many deals fall out. Not just mine but other brokers across several asset classes.

Buyers are hyper critical of everything. Sellers still want crazy money Apartment investors selling at 4 caps and trying to buy retail at a 6. They see the end in Finally cut it Guys, So I finally cut it 3 years after graduating from undergrad, and I would like to share my story to you guys as this forum has been staying with me along the way and indeed the break-in cases here keep on pumping gas into me whenever I got rejected.

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How to Be a Stock Broker (with Pictures) - wikiHow

Take a look here and let me know what you think please: Over 20k small businesses have Looking towards next summer, I would like to get some startup experience on my resume. Has anyone interned at a startup? What is the recruitment process like? And how valuable would this experience Any value to a summer internship before starting a PhD program? As the title says, I'm heading to a microbiology PhD program fall got accepted and then deferred one year , and I'm currently talking with several life science consulting boutiques about the Recently had an interesting discussion with two friends about wearing pocket squares.

I personally love them--one of the first things I notice. What do you all think of wearing them? Potential Market Facing Opportunities Out of a Financial Analyst Internship at a top Asset Managing Firm? I'm heading into my senior year at a mid-level school with some pretty heavy corporate finance experience on my resume. I'm looking to make the switch to something more market facing, as being a How many cold emails is to many for BB? Quick question about how many cold-emails to send analysts at BB firms.

Today I sent about 15 emails and am trying to get a better understanding of how many I should send per day. I know at boutique Preparation for Interviews When preparing for an internship interview, how in depth do I need to go into understanding DCF, LBO, and the 3 financial statements?

I've researched and found out that the technicals are important, Do full time analysts who fail training open up new spots in the class?

Hey all, Quick question: If a handful or even a select few people from a full time IB analyst class fail out of training somehow or don't pass tests, would it then open up that number of spots for Hi, At first about a public company: What makes for a good Associate? Incoming post-MBA associate at a top tier NY BB. Answer however you wish, but interested in: Hedge funds with big PM AUM like Viking?

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