How Do I Become an Investment Broker?

Investment brokers help their clients buy and sell stocks and other financial investments. Read on to find out more about how to become an investment broker. Schools offering Finance Investments & Securities degrees can also be found in these popular choices.

Career Overview

Investment brokers are responsible for buying and selling stocks, mutual funds, and bonds on behalf of their clients. They earn a living by charging a commission on the transactions that they help execute. Commissions may come from the buyer or seller, depending upon the particular agreement.

Important Facts about this Career

Average Salary (2014)$103,260 (Securities, Commodities, and Financial Services Sales Agents)
Key SkillsAbility to make decisions under pressure in a fast-paced environment, interpersonal and communication skills, analytical abilities, the ability to multitask, stays updated on stock market and recent trends and changes
Work EnvironmentMust work during the hours the stock market is open plus extra hours outside of that time period
Similar OccupationsFinancial Advisor, Financial Analyst, Insurance Sales Agent, Real Estate Broker

Source: U.S. Bureau of Labor Statistics

Education

Although there is no specific education requirement, most investment brokers have completed an undergraduate degree in a finance-related field, such as accounting, banking, or economics. Some may choose to study another business area such as marketing. A business education can provide investment brokers with a basic understanding of the financial world in which they will be working.

Licensing

Most states require investment brokers to be licensed before trading. Licensing requires passing the General Securities Registered Representative Examination, which is administered by the Financial Industry Regulatory Authority (FINRA). This exam is sometimes referred to as the Series 7 exam and takes six hours to complete. Passing the Uniform Securities Agents State Law Examination and Uniform Investment Advisor Law Exam is also required by many states. These are usually referred to as the Series 63 and Series 65 exams.

On-The-Job Training

Most brokerage firms offer on-the-job training to recent hires. This training helps prepare investment brokers for the exams mentioned and introduces them to their new work environment. Most training lasts for several months. Investment brokers who have successfully completed the above exams are considered licensed and may fully partake in the trading functions of their firm. If self-employed, investment brokers may begin buying and selling on behalf of their clients.

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

  • 1. Degree Options:
The schools in the listing below are not free and may include sponsored content but are popular choices among our users. Tuition and costs will vary across programs and locations. Be sure to always request tuition information before starting a program.

Popular Schools

  • Purdue University Global

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    Popular programs at Purdue University Global:

    • Master
    • Bachelor Degrees
      • Bachelor of Science in Accounting
    • Certificates

    Online Programs Available

  • Southern New Hampshire University

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  • Strayer University

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    Popular programs at Strayer University:

    • Master
    • Bachelor Degrees
    • Associate Programs
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  • Ashford University

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  • Grand Canyon University

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    Popular programs at Grand Canyon University:

    • Doctoral
    • Master
    • Bachelor Degrees

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  • Keiser University

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    Popular programs at Keiser University:

    • Master
    • Bachelor Degrees
    • Associate Programs

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  • Colorado Christian University

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    Popular programs at Colorado Christian University:

    • Master
    • Bachelor Degrees
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  • Capella University

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    Popular programs at Capella University:

    • Doctoral
    • Master
    • Bachelor Degrees

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  • New England College

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    Popular programs at New England College:

    • Bachelor Degrees
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  • College of Westchester

    College of Westchester responds quickly to information requests through this website.

    Popular programs at College of Westchester:

    • Bachelor Degrees

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