Stock Broking

12/12/2014 Career


Stock Brokers are the professionals who are involved in buying and
selling of securities for individuals or institutions in stock markets. As
there is ample scope in this field, individuals can hope for a better
future. Today's progressive brokers deal in billions rather than in
millions. Brokers now have all their operations computerized and employ
qualified industry specialists to advice on buying and selling of stocks.

Stock markets in India have gone through tremendous improvements in recent
time with the introduction of various norms. These norms are for greater
transparency in operations and the international trading and investment
process. Indian stock exchanges, today, are dealing with big numbers and big
buyers. The capital markets are undergoing transformation.

The National Stock Exchange or NSE provides nationwide facilities with
access to investors all over the country. The automated, screen-based
trading system using state-of-the-art technology makes market operations

The Securities and Exchange Board of India (SEBI) has been empowered by an
Act of Parliament to protect the rights of investors and ensure the
promotion and regulation of the capital markets. It is the regulatory body
in charge of the country's capital markets.

Eligibility & Attributes

The minimum educational qualification required to become a stock broker is a
graduation with at least 2 years of experience in a stock broking firm. A
sub-broker, the previous stage of being a broker needs to have passed the
class 12th standard to be eligible for his job. Courses in stock broking and
capital market and investment, investment planning and several other related
courses are offered by few training institutes in India.

Stock broking business requires the services of specialists (in varied
fields) - economists, accountants, finance managers, financial analysts,
capital market specialists, and investments and financial planners. To
become a professional stock broker one must have a strong education
background either in commerce, economics or in business administration or in

Also to be eligible for stock broking profession one may pursue Postgraduate
courses in economics or commerce offered by several universities in the
country. Finance managers may be MBAs with specialization in finance from
the reputed institutes of management or from the departments of business
administration of the major universities.

The Institute of Chartered Accountants of India (ICAI), New Delhi, conducts
the chartered accountancy course for the intermediate level through the
foundation course and directly for graduates.

Career prospects

There are about 21 active stock exchanges in India with 7000 listed
companies, 6500 brokers and 538 investment bankers registered with the SEBI.
This statistics are very impressive by any standards. Prospects for the
stock broking business are bright and for those who are qualified to handle
this business and have the necessary personality traits to cope with it, the
openings are many.

Foreign firms are waiting in the wings to secure government clearance for
participating in the stock exchanges. Indian brokers will, therefore, have
to come to terms with real competition and ensure international standards of
services to the investor.

Brokers or stock market professionals are now either playing host to foreign
investment bankers, who are looking for opportunities on the Indian stock     market, or visiting fund managers abroad seeking investment here. Stock
market houses are redefining themselves and the business of stock broking is
highly visible today. Communication links between the dealing room and the
trading ring are being improved.


Institute of Company Secretaries of India

ICSI House, 22,

Institutional Area Lodhi Road,

New Delhi 110 003,

EPABX LINES: (011) 41504444, 24617321-24-, 24644431-32, Fax: 24626727


Course: Post-graduate membership course in capital market and financial

Institute of Capital Market Development

1965, Arya Samaj Road,

Karol Bagh, New Delhi-110005

Course: One year postgraduate programme in fundamentals of capital market

All India Centre for Capital Market Studies

J. D. C.

Byte Institute of Management Studies and Research,

Nashik-422 005,

Course : One year post graduate programme in capital market studies, in
collaboration with the Mumbai Stock Exchange Training Institute, leading to
a diploma from the University of Pune. The course is open to graduates
through an all-India selection process.

Mumbai Stock Exchange Training Institute

Stock Exchange Building,

Fort, Mumbai,

Course: Certificate courses are run periodically throughout the year

Institute of Financial and Investment Planning

B/303, Ventex Vikas,

M. V. Road,

Andheri East,


Course : One year correspondence cum lecture course leading to a diploma in
financial and investment planning

Institute of Chartered Financial Analysts of India

Road No. 3, Banjara Hills,


Course: Courses on Chartered Financial Analyst Equity Research.

The institute is also planning a number of other related programmes

The Orion Institute of Capital Market

S- 11, Adarshini Plaza,

91, Adchini, Aurobindo Marg, New Delhi

The UTI Institute of capital Market

Plot 82, Sector - 17,

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