Stockbroker
Stockbrokers research how companies are doing financially so that they can advise clients as to whether or not they should invest in a particular company. Stockbrokers work for individuals or companies and with other financial dealers. They need to be able to handle stressful situations and have strong communication skills.
Duties and tasks
- Buys, trades and sells orders based on research
- Daily studies and interprets data from a variety of resources to determine how a company is doing financially
- Maintains strong communication with clients regarding transactions and potential investment opportunities
- Manages peoples shares and makes financial decisions on their behalf
- Meets with clients to find out specifically their investment interest
- Promotes services to attract new customers
Skills required
- Able to make sound investments
- Accurately obtains information
- Good decision skills
- Strong math skills
- Works well under pressure
Working conditions
Stockbrokers typically work in a large, open space business office with much of their time spent at the computer or on the phone. The typical work week is Monday through Friday, with a minimum of eight hours per day. The environment can become very hectic and stressful at times. It is beneficial for a stockbroker to know other languages if planning to utilise overseas markets.
Professional associations / Industry information
Australian Financial Markets Association
http://www.afma.com.au/home.html
Australian Securities and Investments Commission
http://www.asic.gov.au/
Finance Sector Union (National Office)
http://www.fsunion.org.au/
Financial Services Institute of Australia
http://www.finsia.com/
Related jobs and job titles
- Accountant
- Commodities Trader
- Financial Planner
- Financial Trader
- Insurance Agent
- Investment Banker
- Mortgage Broker
