Turn on thread page Beta
    • Thread Starter
    Offline

    1
    ReputationRep:
    Hi,

    Just wanted some advice on how to go about becoming a stockbroker? Economics degree?

    What is the average salary for a stockbroker in the UK?

    Anymore help about the subject would be much appreciated...

    Thanks,
    Offline

    16
    ReputationRep:
    Why?

    Just....why?
    • Thread Starter
    Offline

    1
    ReputationRep:
    (Original post by thunder_chunky)
    Why?

    Just....why?
    Mostly I like the lifestyle of a stockbroker working in the city and working in an exciting fast paced environment...
    Offline

    7
    ReputationRep:
    Just talk to a careers adviser, it will probably be a degree around finance so economics or something similar
    Offline

    2
    ReputationRep:
    Last year, the average salary was around £100,000. But there are the people at the very top getting paid tens of millions of pounds, with bonuses on top.

    But yeah, not sure what the wage is now after the crunch, I'm guessing its fallen significantly.
    Offline

    10
    ReputationRep:
    (Original post by thunder_chunky)
    Why?

    Just....why?

    MONEY!!!!!!!!!!!!!!!! its all about that dough#!!
    Offline

    3
    ReputationRep:
    You do know if you want to be rich there are better ways of going about it.
    Offline

    16
    ReputationRep:
    (Original post by Marvin211)
    MONEY!!!!!!!!!!!!!!!! its all about that dough#!!
    How shallow of you

    (Original post by econ1)
    Mostly I like the lifestyle of a stockbroker working in the city and working in an exciting fast paced environment...
    You like the idea of being shallow and greedy?
    Offline

    15
    ReputationRep:
    Please don't.

    Going into a career for money rarely ends well. Do something you love. I really fail to see how someone can have a genuine love of the actual job of a stockbroker. It's not necessarily fast-paced and exciting, it just involves a lot of shouting and putting in a lot of hours.
    Offline

    0
    ReputationRep:
    Apparently a Philosophy degree is good for stockbrokers.

    But I think you'd be a fool to do what you think will get you lots of money instead of considering what you would actually like to do. You clearly only want to do it because you think you'll make lots of money. Truth is, if you don't have true ambition to get to the top, you won't.
    Offline

    12
    ReputationRep:
    You obviously don't know much about this. By most people in the city/at banks I dont think stockbroking is seen as fast paced and exciting. Youre just gonna be filling orders for people.

    Google ICAP, work for them.
    Offline

    14
    ReputationRep:
    You've got to be registered with the LSE.
    Offline

    1
    ReputationRep:
    Watch "The pursuit of happyness".
    Offline

    0
    ReputationRep:
    looks like an easy job so why the need for top degrees?
    Offline

    20
    ReputationRep:
    (Original post by econ1)
    Mostly I like the lifestyle of a stockbroker working in the city and working in an exciting fast paced environment...
    You enjoy working 70-80 hours a week just because its in the city? Or do you just enjoy 70-80 hour working weeks?
    Offline

    9
    ReputationRep:
    Hmm. Expectation gap, much.

    I don't know what your perception of stockbroking is...however you're certainly going down the wrong road.
    Read this: http://www.amazon.co.uk/Need-Know-Ab.../dp/0955218632

    Trading does not equal Sales, which is certainly not Broking.
    Offline

    9
    ReputationRep:
    (Original post by cruciform)
    what about Imperial?
    Predominantly, though certainly not exclusively:
    LSE, Cambridge, Oxford, Imperial, UCL, Warwick.
    Offline

    0
    ReputationRep:
    I know this is a old thread, but it has been getting plenty of views so thought I would post. This website has a section How to become a stockbroker in the U.K.

    Hope it helps
    Offline

    2
    ReputationRep:
    I myself am a stockbroker. I work for an FCA regulated firm who is a member of the London Stock Exchange. There are a few myths regarding the role which I will elaborate on. Firstly, a degree isn't essential. I don't have a degree and started at 19 after doing a year in recruitment hence my less intensive sales experience got me the job. Some but not all firms require a degree so I would recommend one. As for the degree you choose, a financial one is seen as better but it's kind of irrelevant in a way as stockbroking is about sales so you just need to be able to learn financial information e.g. how different investments work (largely covered in the 3 exams). Secondly, the money. You'll start of as an opener or a 'sales executive/new business executive' as they call it. This role means you'll be cold calling all day to open accounts for the senior brokers until you've proven yourself to be worth the time and effort for the firm to pay for your brokers exams or alternatively fired. Whilst an opener, your pay will be diabolical. If you are good however, you'll be promoted quickly and the top brokers at my firm earn in excess of 250k a year without breaking sweat. Once you're done being an opener you'll be a junior broker where the exams come into play. Without these you aren't regulated, therefore worthless to the company. The 3 exams are: 1) Regulation and professional integrity, 2) Investment risk and taxation, 3) Derivatives OR securities OR private client advice. ONLY once you pass all three are you technically a stockbroker on 24k-30k a year. Then for the first 2 years you'll earn average money whilst you build your own client base (or your own openers). Once you've gone through that you'll earn big money. As for whether it's a stressful job? YES. You are constantly monitoring the charts for your clients and as for your hours. If its UK markets only then try 8am to 5.30pm mainly but newbies will be expected to stay later if they truly want to succeed. Hope this helps
    • Specialist Advisor
    Offline

    3
    ReputationRep:
    Specialist Advisor
    This blog post has advice about what skills you need to become a stockbroker or trader, as well as how you can get firsthand experience of working in the sector to see if it's right for you. Check it out using the link below.

    Career focus: work as a stockbroker / trader in banking
 
 
 
The home of Results and Clearing

3,564

people online now

1,567,000

students helped last year
Poll
A-level students - how do you feel about your results?
Useful resources

Articles and guides:

Hands typing

Degrees without fees

Discover more about degree-level apprenticeships.

A-Z of careers Advice on choosing a careerCV writing helpCovering letter helpInterview tips

Featured recruiter profiles:

CGI logo

CGI is open for applications

"Offering a range of apprentice and sponsored degree positions."

Deutsche Bank logo

Deutsche Bank is recruiting

"Thrive in an international banking environment"

ICAEW logo

Merck

"Merck is a global leader in specialized pharma & chemicals – join us!"

Army logo

The Army is recruiting now

"With hundreds of roles available, there’s more than one way to be the best."

Bianca Miller, runner-up on The Apprentice

Handle your digital footprint

What would an employer find out about you on Google? Find out how to take control.

Quick links:

Unanswered career sector and employment threads

Groups associated with this forum:

View associated groups

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Write a reply...
Reply
Hide
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.