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
     

Related degrees

Related subjects