How Do You Become A Stockbroker In The United Kingdom?
Stockbrokers in the United Kingdom invest money on behalf of individuals and companies. There are three different types of stockbroker. “Discretionary stockbrokers” can trade in shares without prior discussion with their clients. “Advisory stockbrokers” give recommendations and seek permission before buying and selling a client’s shares. “Execution stockbrokers” operate only in accordance with a client’s wishes and do not offer advice. The job is challenging and rewarding. However, hard work and long hours are necessary to succeed. Get a degree. A financial services degree is often more beneficial. Choose an undergraduate degree course in accounting, economics, or business. Employers usually expect a prospective employee to obtain a 2:1 degree, if the degree is awarded in the United Kingdom. The U.S. equivalent is a grade point average (GPA) of 3.3 to 4.0. Obtain a postgraduate degree in a financially related subject. This is not a necessary job requirement. However, the stockbroker jo