Stock broker training in south africa

There are many career directions that can be pursued in the fast-moving world of stockbroking. The portfolio manager in the Investment Department assesses the client's financial status. The analyst in the Research Department analyzes the companies listed on the stock exchange.

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The information is then compiled to assist the portfolio manager in investing the clients' funds and sold to the broker's clients by the Institutions and Client Services Departments.

The dealer who works on the trading floor presents the popular image of the stockbroker.

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There are various categories of dealers: The Derivatives Department trades in the futures and options market, an area so unpredictable that it is often said that these dealers are born with a 'nose' for the job. The dealer does the trading in this market and a strategist applies knowledge and experience to the market to develop new strategies.

The Corporate Finance Department lists shares on the Johannesburg Stock Exchange and the Administration Department does the paperwork for all the other departments - a task which can become quite pressurized at times.

Satisfying Aspects - excitement of the Stock Exchange - jubilation when investment stocks rise - assisting with making people's investments grow Demanding aspects - stress and pressure of making the right decisions about investments - ensuring that all information provided is accurate - gloom when stocks fall - the heavy responsibility of giving sound financial advice to clients and that decisions are taken and implemented timeously Requirements A stockbroker should: Different qualities are required for the different areas in stockbroking: School Subjects National Senior Certificate meeting degree requirements for a degree course National Senior Certificate meeting diploma requirements for a diploma course Each institution will have its own minimum entry requirements.

Mathematics for a degree, also Physical Sciences for a BSc degree Recommended Subjects: Accountancy, Economics Training Degree: A degree plus working experience in the relevant economic sector.

BCom with Finance or Economics. BCom with Mathematics, Actuarial Science, Physics; or an Engineering degree; or a MBA degree; or any financial degree. Qualification as a chartered accountant; or a Law degree; or a BSc degree.

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JSE offers in-service training. The candidate must pass an oral exam to work on the floor.

A minimum prescribed period as an unauthorised clerk must be completed. The candidate must pass an oral exam on Stock Exchange rules and regulations. Employer - JSE - Stockbroking firms - Start own broking firm Contact Investment Analysts Society of South Africa IASSA Tel: Careers by Category All Careers Home Institutions Bursaries.