Stock broking is one of the most promising career options


I want to know about stock broking. Please provide information on careers in this field. Also, provide details about courses offered by NSE and BSE.?

Baji Khan

Stock broking deals with buying and selling of shares on behalf of investors.

The investor can be an individual or company. An individual or company with a licence can undertake stock broking.

Thanks to liberalisation and globalisation of the world economy, stock trading has become the focal point of investment-related activities. In this backdrop, the Securities and Exchange Board of India (SEBI), the regulatory body in-charge of capital markets in the country, has initiated several reforms to bring in greater transparency in the operations, and in international trading and investment process.

With this, stock markets in India have gone through tremendous improvements in recent times.

Stock broking is one of the most promising fields of career that provides a diverse set of opportunities.

Various roles

Based on your education, expertise and experience, you can assume roles like equity dealer, equity trader, equity advisor, stock advisor, wealth manager, financial analyst, investment advisor, securities analyst and risk manager. Opportunities are in stock exchanges, regulatory bodies, foreign investment firms, investment consultancies, mutual fund companies, broker firms, insurance agencies, banks and other financial institutions.

You can even start your own consultancy.

Based on the role you assume, you will be responsible for activities like advising clients on purchase and sale of shares, providing financial counselling, conducting research and analysis of market conditions, drawing profit margins on behalf of clients and keeping track of procedural aspects of deals.

Stock broking involves financial risks.

So, to operate in this field, you need to possess thorough knowledge of rules, regulations and practices of stock trading. Awareness about various sectors and industries will give you an edge in the business. Keeping yourself updated about the latest developments in the market will help you with making crucial decisions.

Computer literacy goes without saying. Analytical thinking, decision-making skills, ability to work in teams, research aptitude and extensive knowledge of finance industry will improve the prospects of your success in this field.

Career in the field involves long hours and stress. There is no place for procrastination or stagnation in this field.

To begin your career in this field, you can take up a course related to financial markets. In addition, knowledge in commerce, accountancy, economics, statistics or business administration can be an advantage. Therefore, you can pursue your graduation or postgraduate degree in these subjects.

NSE’s Certification in Financial Markets (NCFM): NCFM is an online certification programme developed to assess whether the aspiring stock market professionals possess the practical knowledge and skills required to operate in the financial markets. The entire process of testing, assessing and score reporting is automated.

The certification programme comprises several modules like Equity Derivatives, Interest Rate Derivatives, Capital Market, Derivatives Market, Commodities Market and Options Trading Strategies.

Each of the modules in the programme deals with a specific area and to a determined level. Based on your interest, you can opt for one or more of the modules. Applicants to the course are expected to be numerate and comfortable with written English.

The National Institute of Financial Management and National Stock Exchange of India Ltd . jointly offer Post Graduate Executive Programme in Financial Markets. This is a one-year weekend programme.

The eligibility criteria for this programme are graduation with at least 50 percent marks and minimum two years of work experience. For details, log on to http://www.nseindia.com

BSE Institute Ltd offers BSE’s Certificate, online certification programme. It provides a comprehensive overview of stock exchange operations and comprises modules like Derivatives Exchange, Securities Markets, Options Trading, Security Analysis and Portfolio Management and International Financial Reporting Standards.

For details, log on towww.bseindia.com

T. Muralidharan

TMI e2E Academy

(Queries for this column can be sent tocollegian@thehindu.co.in)

 

 

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