Stockbroker job description

stockbroker job description

In most cases, in a stockbroker job description, you’ll find Duties and Responsibilities such as:

  • As a stockbroker you will be responsible for managing your client’s investments, choosing where to put their money and make it work for them.
  • You will need to be able to work in a fast-paced environment and analyse information and financial figures.
  • You will need to be honest and committed to your role and be prepared to work for long hours to tight deadlines.
  • You will need to be able to work well under pressure and remain calm and stress-free.

The starting salaries you could generally find in a stockbroker job description can be between £24,000 to £30,000 a year. If you are an experienced stockbroker then your earnings can be between £45,000 and £80,000 a year. Seniors can earn even more up to £100,000 a year.

Stockbroking is about risk and taking risks to make money and have the experience to know what are the right investments to make. In the reality, although termed a ‘stockbroker‘, alongside stocks, people who follow this career path may not actually be selling stocks or equities.

Stockbroker job information: what is your possible future stockbroker daily life likely to be?

As a broker, you could end up selling or dealing in different financial products and instruments such as derivatives, bonds, guilts or foreign exchange.

Dealing in foreign exchange (FX) can be a good route into the markets, as unlike equities one can gain experience and sell currency without full FCA approval in certain circumstances.

Financial Products / Instruments can be bought and sold on the world’s stock exchanges (these are the regulated markets). The majority of people are aware that the prices for equities, company debt, and market indices such as the FTSE 100 or Dow Jones are printed in daily papers and detailed in national news broadcasts. Brokers work with the real-time prices throughout the working day utilising services such as Bloomberg or Reuters to keep up-to-date with the latest market information.

As a stockbroker or equities/bonds/derivatives dealer you may work in a few key capacities. An ‘execution only’ basis means that the role entails simply implementing a client’s instructions to buy or sell a particular security. As an ‘Advisory’ broker you will advise your clients on sectors or specific securities to invest in or sell, but ultimately leave the final decision up to the client. Working in a ‘Discretionary‘ manner means that the client will instruct you or your firm to meet certain investment objectives, and you will buy or sell investments to best meet these pre-determined objectives.

If everything you read so far sounds very exciting and interesting for you, check all junior broker roles and the stockbroker jobs
then get your CV polished and ready,
add an appropriate stock broker cover letter
send them together and… good luck! We’ll be keeping our fingers crtossed for you, let us know if it worked us fine on on Facebook, Twitter or LinkedIn pages if you like!