Being a stock broker is a highly attractive career choice for many, it is fast-paced, highly interesting, financially rewarding and a very exciting job. The stock brokerage trade is not for everyone however and it takes a certain type of person to do it. In fact, such is the pressure of the job, very few people do the job for more than 10 years and as such there are more and more stockbrokers who begin their career at a later stage after gaining experience in other areas of finance.
If you do have what it takes then you can go on to have a very rewarding and successful career and if you want to know whether you are made of the stuff to be a highly successful broker like JP Morgan’s Michael Briese, then here are the skills which you ought to have.
You do not need to be a calculus genius, a quant specialist nor need to be able to discuss the theorem of Pythagorus in order to be a great stock broker, but you will not to possess a high level of arithmetic and feel at home dealing with numbers all day. Stock brokers deal with high frequency numbers and heavy amounts of digits each and every day and you will need to be able to have a firm grasp of this.
Inter Personal Skills
You are selling a product and that product is you and your advice, in order to gain the highest amount of clients possible and to gain their loyalty you will need to have excellent interpersonal skills. You should be able to offer your clients not just accurate information which can help to make them money but also a bedside manner which gives them the confidence and trust in the relationship between you and them.
Strong Financial Knowledge
The stock market is numbers on a screen to many of us but stick brokers need to be able to have a full and comprehensive understanding of all aspects of the financial market. Clients rely on you as a stock broker to lead them through the turbulent world of finance in a way that gives them confidence, you can only do this if you yourself understand all aspects and impacts of the market.
As part of your job you will need to have great skills of deduction, you will be processing huge amounts of numerical and financial data each day that you must analyze and simplify for your client. This is a skill which is absolutely vital to your success as a broker and if you don’t have it then you need to start working on it as quickly as possible.
If you feel as though you possess all of these skills then why not aim to take your career towards the world of stocks and shares and test out your money-making abilities on the stock exchange.