A Stockbroker is an agent or firm that charges a fee or commission for buying and selling stocks and securities in a stock exchange for an investor.
Personal Competencies
You are good at Maths
You are an ambitious person and set goals for yourself
You have an interest in Finance
You have strong communication and negotiation skills
Entry Pathway
1. Complete 10+2 in the Commerce or Science stream (Physics, Chemistry and Biology)
2. Complete Bachelor’s in Commerce/Economics/Accounting/Finance or related field, earn two years of work experience as authorised assistant or authorised clerk or apprentice to a registered Stock Broker, register and become a member of a stock exchange, register with Securities and Exchange Board of India (SEBI), do a certification course from National Stock Exchange of India (NISM) (You can choose to take this pathway after either a Diploma or a Master’s degree as well)
Please check the duration of the course during enrolment
Where will you study?
The course is offered by the Department of Commerce. This list of institutes is indicative only
Government Institutes 1. University of Lucknow 2. University of Mumbai 3. Osmania University, Hyderabad 4. University of Allahabad Allahabad 5. Devi Ahilya Vishwavidyalaya, Indore 6. Bangalore University, Bangalore 7. Burdwan University, West Bengal 8. Maharaja Sayajirao University of Baroda, Vadodara
Private Institutes (Please check if Institute is affiliated and accredited with UGC before applying) 1. J.D. Birla Institute, Kolkata 2. St. Xavier's College, Kolkata 3. Christ University, Bangalore 4. Chandigarh University 5. Birla Institute of Technology and Science, Rajasthan 6. Galgotias University, Noida 7. Vellore Institute of Technology, Vellore, Tamil Nadu 8. Nirma University, Ahmedabad
*NPTEL stands for National Programme on Technology Enhanced Learning. It is by the Government of India and offers a variety of courses in an audio-video form
Fees
The approx. course fee ranges between INR 1,00,000 - 3,00,000* The total expenditure incurred from registering with SEBI to setting up your own entity is around INR 2,50,000 - 50,00,000.*
*(The above-mentioned figures are approximate numbers. This will vary from institute to institute)
Scholarships & Loans
SCHOLARSHIPS
• National Scholarship Portal - Visit http://www.scholarships.gov.in. Under this portal there are Central Government schemes offered by different departments, UGC/AICTE Schemes and State Schemes* • Visit http://www.buddy4study.com for details on available scholarships. This is a gateway to scholarships starting from Class XI* • Scholarships are also made available in institutes based on merit*
*(Availability of these scholarships can vary from time to time)
LOANS
• VidyaLakshmi, http://www.vidyalakshmi.co.in, is a portal for students seeking education loan. This portal has been developed under the guidance of the Department of Financial Services, (Ministry of Finance), Department of Higher Education (Ministry of Human Resource Development) and Indian Banks Association (IBA) • Some states have student credit cards with low interest rates, for instance, West Bengal, Odisha, Bihar, etc. • All banks give education loans
Where will you work?
Places of Work: Brokerage Firms Entrepreneurship: You can start your own firm
Work Environment: It is a desk job. You are likely to handle a team. You are likely to work for 5 to 6 days a week for 8 to 9 hours every day. This may vary from organization to organization.
Opportunities for work exist for differently abled in this field
Deena Mehta is India's first female stockbroker. She is a Chartered Accountant and has a Master's in Management Studies (Finance). Mehta was the former president of Bombay Stock Exchange. She was also the first woman director on the board of BSE as well as its first woman president.*
Stock Broker
NCS Code: 3311.0100 | BFSI111. Complete 10+2 in the Commerce or Science stream (Physics, Chemistry and Biology)
2. Complete Bachelor’s in Commerce/Economics/Accounting/Finance or related field, earn two years of work experience as authorised assistant or authorised clerk or apprentice to a registered Stock Broker, register and become a member of a stock exchange, register with Securities and Exchange Board of India (SEBI), do a certification course from National Stock Exchange of India (NISM)
(You can choose to take this pathway after either a Diploma or a Master’s degree as well)
Please check the duration of the course during enrolment
The course is offered by the Department of Commerce.
This list of institutes is indicative only
Government Institutes
1. University of Lucknow
2. University of Mumbai
3. Osmania University, Hyderabad
4. University of Allahabad Allahabad
5. Devi Ahilya Vishwavidyalaya, Indore
6. Bangalore University, Bangalore
7. Burdwan University, West Bengal
8. Maharaja Sayajirao University of Baroda, Vadodara
Private Institutes
(Please check if Institute is affiliated and accredited with UGC before applying)
1. J.D. Birla Institute, Kolkata
2. St. Xavier's College, Kolkata
3. Christ University, Bangalore
4. Chandigarh University
5. Birla Institute of Technology and Science, Rajasthan
6. Galgotias University, Noida
7. Vellore Institute of Technology, Vellore, Tamil Nadu
8. Nirma University, Ahmedabad
Information on the institute rankings can be found at - https://www.nirfindia.org/2022/Ranking.html
Distance learning Institute
Indira Gandhi National Open University (IGNOU)
Online Courses
• NPTEL* Swayam: https://swayam.gov.in/explorer?searchText=commerce
*NPTEL stands for National Programme on Technology Enhanced Learning. It is by the Government of India and offers a variety of courses in an audio-video form
The approx. course fee ranges between INR 1,00,000 - 3,00,000* The total expenditure incurred from registering with SEBI to setting up your own entity is around INR 2,50,000 - 50,00,000.*
*(The above-mentioned figures are approximate numbers. This will vary from institute to institute)
SCHOLARSHIPS
• National Scholarship Portal - Visit http://www.scholarships.gov.in. Under this portal there are Central Government schemes offered by different departments, UGC/AICTE Schemes and State Schemes*
• Visit http://www.buddy4study.com for details on available scholarships. This is a gateway to scholarships starting from Class XI*
• Scholarships are also made available in institutes based on merit*
*(Availability of these scholarships can vary from time to time)
LOANS
• VidyaLakshmi, http://www.vidyalakshmi.co.in, is a portal for students seeking education loan. This portal has been developed under the guidance of the Department of Financial Services, (Ministry of Finance), Department of Higher Education (Ministry of Human Resource Development) and Indian Banks Association (IBA)
• Some states have student credit cards with low interest rates, for instance, West Bengal, Odisha, Bihar, etc.
• All banks give education loans
Places of Work: Brokerage Firms Entrepreneurship: You can start your own firm
Work Environment: It is a desk job. You are likely to handle a team. You are likely to work for 5 to 6 days a week for 8 to 9 hours every day. This may vary from organization to organization.
Opportunities for work exist for differently abled in this field
Sub-broker, Share Market → Broker, Share Market → Cluster Manager, Share Market → Branch Manager, Share Market
The approx. earnings of a Stock Broker range between INR 16,000 - 2,50,000* or more per month.
Source: https://www.payscale.com/research/IN/Job=Stock_Broker/Salary
*These figures are indicative and subject to change
Experts from the field
Deena Mehta is India's first female stockbroker. She is a Chartered Accountant and has a Master's in Management Studies (Finance). Mehta was the former president of Bombay Stock Exchange. She was also the first woman director on the board of BSE as well as its first woman president.*
Source: https://www.investmentz.com/deenas-world
*The above information is for training purposes only and will not be used for any commercial gains
dalal Street, share market, full-service broker, discount broker