How to Become a Stockbroker?

Stockbrokers are responsible for buying and selling shares and stocks for commercial and private clients; usually mainly salaried on a commission basis. If you don’t know how to become a stockbroker, you’re not alone. Becoming a stockbroker can be a difficult process, largely due to the intense competition in the career field. Here are the steps you need to take:

how to become a stockbroker

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Educational Requirements

Becoming a stockbroker requires particular educational certifications to prove you have the aptitude to deal with financial institutions. This means that if you are looking to become a stockbroker, you need to ensure that you plan your educational path accordingly.

A Bachelor’s degree is the most basic requirement, especially in a related subject. Due to the nature of working with stocks and shares, mathematical and financial based degrees are favoured. Relevant degrees include subjects such as:

  • Mathematics
  • Finance
  • Business
  • Economics
  • Accounting

In order to make yourself more attractive to employers, undertaking an MBA is a good idea as it can increase basic salary on entry.

Training Requirements        

Further to education, stockbrokers need to sit examinations in order to gain licenses to practice. Firstly, you must complete four to six weeks of employment before taking examinations; this can be in the form of an internship.

After this period, you need to take the Series 7 examination, formally known as the General Securities Registered Representative Examination. You must pass with a score in excess of 70% to gain your license. This automatically registers you with the Financial Industry Regulated Authority, sponsored by the hiring brokerage.

It is important to note that some states require further licensing, such as the Uniform Securities Agents State Law Examination, and the Uniform Investment Adviser Law Examination.

Personal Requirements

Being a stockbroker requires a certain type of personality, and the job simply isn’t for everyone. If you feel you are interested in becoming a stockbroker, you should consider whether you personally adhere to the following character traits and skills.


  • The ability to work in a team when required, but to have the initiative to work under your own volition when individual work is required
  • Confidence in your ability to make logical and rational decisions based on valid information
  • The capacity to withstand high pressured environments and to respond calmly and effective under this type of stress
  • A good judgment in regards to risk taking, using all available information to reduce the inherent risk, leading to more successful operations
  • Honesty that is reliable and transparent to client
  • Attention to detail in order to pick up mistake and recognise a wider situation that is affected by a variety of factors
  • Excellent communication skills to speak directly with clients regularly and to work effectively within a team
  • Determination and perseverance to succeed
  • Mathematical and analytical skills which allow you to understand and effectively evaluate a situation within a financial capacity

Becoming a stockbroker is a combination of both educational requirements and personal attributes and skills. One without the other is ineffective in this career choice. You must be able to work in high pressured environments and use you educational achievements to analyse financial situations and take risks to achieve the best result for the client.

Here’s a simple video that describes you how to become a qualified stockbroker. Just check it out.

Return to Stock Broker Salary and Career Information.




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2 thoughts on “How to Become a Stockbroker?

  1. Ms. Carla J. Thomas on said:

    Thanks for the information, for it is a very informative piece of knowledge. I have just had a desire to become a stockbroker, and with this information, I know that I am the right candidate for the job. What school should I attend? Can you help with that information?

    • Actually, you don’t need to attend any school to become a stockbroker. However, you require at least a Bachelors degree in Finance or Mathematics related subject to start your training. Employers also prefer MBA.

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