Securities Broker Job Description, Career as a Securities Broker, Salary, Employment - Definition and Nature of the Work, Education and Training Requirements, Getting the Job
income brokers customers bonds financial
Education and Training: College plus training
Salary: Median—$69,200 per year
Employment Outlook: Good
Definition and Nature of the Work
The securities broker is an essential link between a consumer and the world's financial markets. Securities brokers, also called securities, commodities, and financial services sales agents, advise customers who want to make financial investments. Securities brokers arrange for the purchase or sale of stocks, bonds, and other securities on their customers' behalf. Through the maze of investment opportunities that are available, brokers steer customers to those that best suit their needs.
The two most common types of securities are stocks and bonds. Private businesses offer the public part ownership of the business by issuing stocks. People who buy shares of stock are sometimes promised a percentage of the profits, known as dividends, in return for the use of their money. As the value of the company increases, the value of the individual's stock increases. Bonds represent loans made to companies and government agencies. In return for buying bonds, buyers receive a prescribed rate of interest and sometimes a yearly or monthly cash payment. Bonds may be sold in much the same way that stocks are sold.
Investment needs vary with individual customers. A conservative investor whose life savings amount to a small sum may be in the market for a long-term investment that will provide a regular income. The broker may advise this customer to invest in government or corporate bonds or a mutual fund. On the other hand, the broker may direct a wealthy customer to buy stock in a company that is financially uncertain but has great potential.
Securities brokers offer financial counseling to customers and suggest investments to best suit their needs.
Brokers may specialize in one type of security, such as mutual funds or government bonds. Some specialize in commodities, a type of security that represents future ownership of such commodities as potatoes, wheat, or coffee. Although many brokers service work with both individuals and corporations, some specialize in only one type of account.
Brokers generally work for discount or full-service brokerage firms that have offices. Brokers place, buy, and sell orders with the home office and report to their customers on the outcome of transactions either in person or on the Internet. Success in their business rests on their knowledge of the field and ability to predict future developments in trading. Investors can also choose to invest with an Internet brokerage, in which customers make investments without the help of a securities broker.
Education and Training Requirements
To become a broker, a person must have a college education. Employers may prefer to hire those who major in economics, finance, or business administration. Most large brokerages have a trainee program, which includes classroom instruction and on-the-job training. Courses include accounting, corporate finance, bonds, financial statements, mutual funds, sales techniques, public speaking, and many other related subjects. A student can also get this training at accredited schools. At the end of the training, individuals must pass a qualifying examination, known as the General Securities Registered Representative Examination, to be licensed or registered representatives of the stock exchange to which they belong. The examination is administered by the National Association of Securities Dealers (NASD), and to take it candidates must be employed in a brokerage firm for four months. Depending on the state, a broker may have to take additional tests and meet additional requirements.
Getting the Job
The best way for interested individuals to find a job in the securities business is to apply directly to a company for which they would like to work. Speaking to people who work in the various aspects of the business may help candidates to decide what kind of sales work they would like to do. Private employment agencies that specialize in placing workers in the field of finance may list openings for beginners. Newspaper classified ads and Internet job sites may also offer job leads.
Advancement Possibilities and Employment Outlook
Advancement for brokers usually takes the form of an increase in the number and size of the accounts they handle. Beginning brokers generally work with the accounts of individual investors. With experience they may be made responsible for very large accounts, such as those of corporations. Some experienced brokers advance to the position of branch office manager. Managers supervise the work of other brokers while handling orders for their own customers. A few brokers become partners in their firms.
According to the U.S. Bureau of Labor Statistics, 281,000 securities, commodities, and financial services sales agents held jobs in 2004. Employment was expected to grow as fast as the average for all occupations through the year 2014. A high rate of turnover in the field also contributes to a number of openings, because many workers who fail to establish a clientele leave the field each year. The securities business depends on the health of the economy as a whole. Therefore, the job market shrinks when money is tight. Although self-service Internet securities firms take business away from brokers, brokers are benefiting from the increase in retirement-aged individuals looking to invest their money.
Working Conditions
Securities brokers work in offices or cubicles that are clean and well lighted. Fluctuations in market activity may produce an atmosphere of tension within the brokerage.
Although established brokers usually work forty hours per week, beginners who are trying to get customers may work much longer hours. Securities brokers often work weekends and evenings to meet with customers.
Earnings and Benefits
Trainees generally are paid on a salary basis until they meet licensing and registration requirements. Experienced brokers work on a commission or salary-plus-commission basis. According to the Bureau of Labor Statistics, securities, commodities, and financial service sales agents earned a median yearly salary of $69,200 in 2004. The top 25 percent earned more than $131,290 per year. Benefits include pension plans and health insurance. Salaried employees may receive paid holidays and vacations.
User Comments
23 days ago
Dear Sir,
I can deliver leased instruments to Organisations or individuals with their preferred text verbiage as been approved by their bankers. We also offer sales option to interested buyers. Our terms and procedures are so flexible and workable by RWA clients. Our lease rate is (5.5+0.5)%+x%. X% IS Lessee broker's Commission and he determines his commission. Also we have facilities to discount BG and Put you into PPP Trading.
Contact me through this email:(financialinstruments01@gmail.com,financialbrokers8@gmail.com) or through
skype: (muhsin.abid.ali) in other to furnish you with other information.
about 1 month ago
I can deliver leased instruments to Organisations or individuals with their
preferred text verbiage as been approved by their bankers. We also proffer sales
option to interested buyers. Our terms and procedures are so flexible and
workable by RWA clients. Our lease rate is (5.5+0.5)%+x%. X% IS Lessee broker's
Commission and he determines his commission. Also we have facilities
to discount BG and Put you into PPP Trading.
Contact me through this email:(financialinstruments01@gmail.com,financialbrokers8@gmail.com) or through
skype: (muhsin.abid.ali) in other to furnish you with other information.
about 1 month ago
I can deliver leased instruments to Organisations or individuals with their
preferred text verbiage as been approved by their bankers. We also proffer sales
option to interested buyers. Our terms and procedures are so flexible and
workable by RWA clients. Our lease rate is (5.5+0.5)%+x%. X% IS Lessee broker's
Commission and he determines his commission. Also we have facilities
to discount BG and Put you into PPP Trading.
Contact me through this email:(financialinstruments01@gmail.com,financialbrokers8@gmail.com) or through
skype: (muhsin.abid.ali) in other to furnish you with other information.
about 1 month ago
I can deliver leased instruments to Organisations or individuals with their
preferred text verbiage as been approved by their bankers. We also proffer sales
option to interested buyers. Our terms and procedures are so flexible and
workable by RWA clients. Our lease rate is (5.5+0.5)%+x%. X% IS Lessee broker's
Commission and he determines his commission. Also we have facilities
to discount BG and Put you into PPP Trading.
Contact me through this email:(financialinstruments01@gmail.com,financialbrokers8@gmail.com) or through
skype: (muhsin.abid.ali) in other to furnish you with other information.
2 months ago
Dear Sir/MA
We offer seasoned and fresh cut bank instrument for lease/sale, such as BG, SBLC, MTN, Bank Bonds, Bank Draft, T strips and others. Leased Instruments can be obtained at minimal expense to the borrower compared to other banking options. This offer is opened to both individuals and corporate bodies.
Description of Instrument:
1.Instrument: Bank Guarantee (BG)/SBLC
2.Total Face Value: MINIMUM 1MILLION EURO/USD - MAXIMUM 100BILLION EURO/USD
3.Issuing Bank: HSBC London or AA rated Bank in Western Europe or USA.
4.Term: One Year, One Month
5.Leasing Price: 5.5% of Face Value plus 0.5% Lessor agent [Closed] & X% Lessee agent (open)
6.Delivery: SWIFT TO SWIFT
7.Payment: WIRE TRANSFER
8.Hard Copy: Bonded Courier within 7 banking days.
Thank you.
Jasim Omar
For further inquiries:
Contact: bgsblc.omar@gmail.com
Skype ID: bgsblc.omar
about 1 month ago
BG/SBLC Specifically for lease from 25 top AA bank, leasing price of 6+2 of face value;
Contact:
Mr. Nelson Gilbert
Telephone +447920720215
Email: nelsongilbert@live.co.uk
4 months ago
I can deliver leased instruments to Organisations or individuals with their preferred text verbiage as been approved by their bankers. We also offer sales option to interested buyers. Our terms and procedures are so flexible and workable by RWA clients. Our lease rate is (5.5+0.5)%+x%. X% IS Lessee broker's Commission and he determines his commission. Also we have facilities to discount BG and Put you into PPP Trading.
Contact me through this email :( financialdraft55@gmail.com,) or through
skype: (besik.katsitadze) in other to furnish you with other information.
5 days ago
We are direct providers of Fresh Cut BG, SBLC, MTN, Bonds, Bank draft and
CDs which we have specifically for lease. We do not have any broker chain
in this offer or get involved in Chauffer driven offers. We deliver with
time and precision as sethforth in the agreement. You are at liberty to
engage our leased facilities into trade programs as well as in signature
project(s) such as Aviation, Agriculture, Petroleum, Telecommunication,
construction ofDams, Bridges and any other turnkey project(s) etc. Our
terms and Conditions are reasonable.
DESCRIPTION OF INSTRUMENTS:
1. Instrument: Bank Guarantee (BG)/SBLC (Appendix A)
2. Total Face Value: Eur/Usd 10M MIN and Eur/Usd 5B MAX (Five Billion USD).
3. Issuing Bank: HSBC London or AA rated Bank in Western Europe or USA.
4. Age: One Year, One Day
5. Leasing Price: 6% of Face Value plus 2% commission fees to brokers to
be shared 50/50 between the brokers on both lessor/lessee side
6. Delivery SWIFT TO SWIFT.
7. Payment: Wire Transfer.
8. Hard Copy: Bonded Courier within 7 banking days.
All relevant business information will be provided upon request plus our
terms and procedures:
If you are interested please contact me immediately to conclude.
Regards,
Stanley David
Email: stnldvd8@yahoo.com
8 days ago
We are direct providers of Fresh Cut BG, SBLC, MTN, Bonds and CDs which we have specifically for lease. We do not have any broker chain in this offer or get involved in Chauffer driven offers. We deliver with time and precision as sethforth in the agreement. You are at liberty to engage our leased facilities into trade programs as well as in signature project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges and any other turnkey project(s) etc. Our terms and Conditions are reasonable.
DESCRIPTION OF INSTRUMENTS:
1. Instrument: Bank Guarantee (BG)/SBLC (Appendix A)
2. Total Face Value: Eur/Usd 10M MIN and Eur/Usd 5B MAX (Five Billion USD).
3. Issuing Bank: HSBC London or AA rated Bank in Western Europe or USA.
4. Age: One Year, One Day
5. Leasing Price: 6% of Face Value plus 2% commission fees to brokers to be shared 50/50 between the brokers on both lessor/lessee side
6. Delivery SWIFT TO SWIFT.
7. Payment: Wire Transfer.
8. Hard Copy: Bonded Courier within 7 banking days.
All relevant business information will be provided upon request plus our terms and procedures:
If you are interested please contact me for us to proceed further
Regards,
Elkin Wood
Email: elkinwood@rocketmail.com
8 days ago
We are direct providers of Fresh Cut BG, SBLC, MTN, Bonds and CDs which we have specifically for lease. We do not have any broker chain in this offer or get involved in Chauffer driven offers. We deliver with time and precision as sethforth in the agreement. You are at liberty to engage our leased facilities into trade programs as well as in signature project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges and any other turnkey project(s) etc. Our terms and Conditions are reasonable.
DESCRIPTION OF INSTRUMENTS:
1. Instrument: Bank Guarantee (BG)/SBLC (Appendix A)
2. Total Face Value: Eur/Usd 10M MIN and Eur/Usd 5B MAX (Five Billion USD).
3. Issuing Bank: HSBC London or AA rated Bank in Western Europe or USA.
4. Age: One Year, One Day
5. Leasing Price: 6% of Face Value plus 2% commission fees to brokers to be shared 50/50 between the brokers on both lessor/lessee side
6. Delivery SWIFT TO SWIFT.
7. Payment: Wire Transfer.
8. Hard Copy: Bonded Courier within 7 banking days.
All relevant business information will be provided upon request plus our terms and procedures:
If you are interested please contact me for us to proceed further
Regards,
Elkin Wood
Email: elkinwood@rocketmail.com
8 days ago
makram sultan
Hello i'm LOOking for a person or party wants to transfer funds forinvestment
, I work in the general trade here in Egypt and owned a construction company and i'm looking for a person or party wants to transfer funds for investment in the sense there are a lot of investors, or who has the money wants to invest, but in secret and the secretary I can receive any bank transfers for investment by my company against the percentage of the money and get a percentage of profits each year and the investment is in secret, honest and Secretary
If you know a person wants to transfer money to invest I'm serious for cooperation and will be for you a share of a certain percentage will agree upon when there is an investor in real
Expected Wardak
my praivate mail
mk_ah1983@yahoo.com
14 days ago
BG/SBLC Specifically for lease from 25 top AA bank, leasing price of 6+2 of face value;
Contact:
Mr. Nelson Gilbert
Telephone +447920720215
Email: nelsongilbert@live.co.uk
18 days ago
BG/SBLC Specifically for lease from 25 top AA bank, leasing price of 6+2 of face value;
Contact:
Mr. Nelson Gilbert
Telephone +447920720215
Email: nelsongilbert@live.co.uk
about 1 month ago
BG/SBLC Specifically for lease from 25 top AA bank, leasing price of 6+2 of face value;
Contact:
Mr. Nelson Gilbert
Telephone +447920720215
Email: nelsongilbert@live.co.uk
about 1 month ago
Nelson Gilbert
BG/SBLC Specifically for lease from 25 top AA bank, leasing price of 6+2 of face value;
Contact:
Mr. Nelson Gilbert
Telephone +447920720215
Email: nelsongilbert@live.co.uk
about 1 month ago
BG/SBLC Specifically for lease from 25 top AA bank, leasing price of 6+2 of face value;
Contact:
Mr. Ryan Shearwaters
Email: rshearwaters@yahoo.co.uk
about 1 month ago
BG/SBLC Specifically for lease from 25 top AA bank, leasing price of 6+2 of face value;
Contact:
Mr. Ryan Shearwaters
Email: rshearwaters@yahoo.co.uk
about 1 month ago
BG/SBLC Specifically for lease from 25 top AA bank, leasing price of 6+2 of face value;
Contact:
Mr. Ryan Shearwaters
Email: rshearwaters@yahoo.co.uk
about 1 month ago
SBLC/BG, LC for lease directly with a provider from any top banks, HSBC London, Deutsche Bank, Barclays Bank etc
Contact:: Mr.Norman Broadberry
Email: normanbroadberry@live.com
Telephone: +44-207-060-1150
2 months ago
We are direct providers of Fresh Cut BG, SBLC, MTN, Bonds and CDs which we have specifically for lease. We do not have any broker chain in this offer or get involved in Chauffer driven offers. We deliver with time and precision as sethforth in the agreement. You are at liberty to engage our leased facilities into trade programs as well as in signature project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges and any other turnkey project(s) etc. Our terms and Conditions are reasonable.
DESCRIPTION OF INSTRUMENTS:
1. Instrument: Bank Guarantee (BG)/SBLC (Appendix A)
2. Total Face Value: Eur/Usd 10M MIN and Eur/Usd 5B MAX (Five Billion USD).
3. Issuing Bank: HSBC London or AA rated Bank in Western Europe or USA.
4. Age: One Year, One Day
5. Leasing Price: 6% of Face Value plus 2% commission fees to brokers to be shared 50/50 between the brokers on both lessor/lessee side
6. Delivery SWIFT TO SWIFT.
7. Payment: Wire Transfer.
8. Hard Copy: Bonded Courier within 7 banking days.
All relevant business information will be provided upon request plus our terms and procedures:
If you are interested please contact me for us to proceed further
Regards,
Elkin Wood
Email: elkinwood@rocketmail.com
2 months ago
I can deliver leased instruments to Organisations or individuals with their preferred text verbiage as been approved by their bankers. We also offer sales option to interested buyers. Our terms and procedures are so flexible and workable by RWA clients. Our lease rate is (5.5+0.5)%+x%. X% IS Lessee broker's Commission and he determines his commission. Also we have facilities to discount BG and Put you into PPP Trading.
Contact me through this email:(financialdraft55@gmail.com,) or through
skype: (besik.katsitadze) in other to furnish you with other information.
2 months ago
I can deliver leased instruments to Organisations or individuals with their preferred text verbiage as been approved by their bankers. We also offer sales option to interested buyers. Our terms and procedures are so flexible and workable by RWA clients. Our lease rate is (5.5+0.5)%+x%. X% IS Lessee broker's Commission and he determines his commission. Also we have facilities to discount BG and Put you into PPP Trading.
Contact me through this email:(financialdraft55@gmail.com,) or through
skype: (besik.katsitadze) in other to furnish you with other information.
2 months ago
Dear Sir/MA
We offer seasoned and fresh cut bank instrument for lease/sale, such as BG, SBLC, MTN, Bank Bonds, Bank Draft, T strips and others. Leased Instruments can be obtained at minimal expense to the borrower compared to other banking options. This offer is opened to both individuals and corporate bodies.
Description of Instrument:
1.Instrument: Bank Guarantee (BG)/SBLC
2.Total Face Value: MINIMUM 1MILLION EURO/USD - MAXIMUM 100BILLION EURO/USD
3.Issuing Bank: HSBC London or AA rated Bank in Western Europe or USA.
4.Term: One Year, One Month
5.Leasing Price: 5.5% of Face Value plus 0.5% Lessor agent [Closed] & X% Lessee agent (open)
6.Delivery: SWIFT TO SWIFT
7.Payment: WIRE TRANSFER
8.Hard Copy: Bonded Courier within 7 banking days.
Thank you.
Jasim Omar
For further inquiries:
Contact: bgsblc.omar@gmail.com
Skype ID: bgsblc.omar
2 months ago
We have a direct genuine provider for BG/ SBLC specifically for lease, at leasing price of 6+2 of face value, Issuance by HSBC London/Hong Kong or any other AA rated Bank in Europe, Middle East or USA .
Contact: Mr.Norman Broadberry
Email: normanbroadberry@live.com
Telephone: +44-207-060-1150
All inquires to Mr.Norman Broadberry should include the following minimum information so I can quickly address your needs:
Complete contact information:
What exactly do you need?
How long do you need it for?
Are you a principal borrower or a broker?
3 months ago
Dear Sir/Ma,
We have direct providers of Fresh Cut BG, SBLC and MTN which are specifically for lease. Our bank instrument can be engaged in PPP Trading, Discounting, Signature Project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, Construction of Dams, Bridges, Real Estate and all kind of projects. We do not have any broker chain in our offer neither do we get involved in chauffer driven offers. You are at liberty to engage our leased facilities into trade programs, project financing, Credit line enhancement, Corporate Loans (Business Start-up Loans or Business Expansion Loans), Equipment Procurement Loans (Industrial Equipment, Air planes, Ships, etc.) And many more We deliver with time and precision as set forth in our agreement. Our terms and Conditions are reasonable, below is our instrument description.
DESCRIPTION OF INSTRUMENTS:
1. Instrument: Bank Guarantee (BG/SBLC)
2. Total Face Value: 1M Euro/USD (One Million Euro/USD) to 5B Euro/USD (Five Billion Euro/USD).
3. Issuing Bank: HSBC, London or Deutsche Bank Frankfurt or any Top 25 WEB
4. Age: One Year, One Day
5. Leasing Price: 5.5% of Face Value plus (0.5+X)% commission fees to brokers.
6. Delivery: SWIFT TO SWIFT.
7. Payment: MT103-23
8. Hard Copy: Bonded Courier within 7 banking days.
If you have a client who requires funding for his project or business, We are also affiliated to lenders who specializes on
funding against financial instrument, such as BG, SBLC, POF or MTN, we fund 100% of the face value of the financial instrument.
Inquiries from agents/ brokers/ intermediaries are also welcomed; do get back to me if you are interested in any of our services.
All relevant business information will be provided upon request.
If Interested kindly contact me via Email:~ bgsblc.omar@gmail.com serious enquiry only
Skype ID: bgsblc.omar
3 months ago
I work in the general trade and look for the person or party you want to invest money either directly or subcontractors, even if I am serious money laundering and is ready for cooperation in investment funds in profitable projects here in Egypt and receiving by my company and bank account My Account
my e-mail
mk_ah1983@yahoo.com
mk_ah2@yahoo.com
tell 00201114442973
3 months ago
I can deliver leased instruments to Organisations or individuals with their preferred text verbiage as been approved by their bankers. We also offer sales option to interested buyers. Our terms and procedures are so flexible and workable by RWA clients. Our lease rate is (5.5+0.5)%+x%. X% IS Lessee broker's Commission and he determines his commission. Also we have facilities to discount BG and Put you into PPP Trading.
Contact me through this email :( financialdraft55@gmail.com,) or through
skype: (besik.katsitadze) in other to furnish you with other information.
4 months ago
I work in the general trade in Egypt and search for the person or party you want to invest money in the sense of any person who wants to transfer funds to invest either directly or subcontractors, even if money laundering, I am ready to cooperate seriously in receipt of funds on bank accounts and investment by MY COMPANY
khalid raja ibrahim awad
mk_ah1983@yahoo.com
4 months ago
SBLC/BG, LC for lease directly with a provider from any top banks, HSBC London, Deutsche Bank, Barclays Bank etc
Contact:: Mr.Norman Broadberry
Email: normanbroadberry@live.com
Telephone: +44-207-060-1150
6 months ago
Tran Anh Dung
Dear Sir,
We are direct providers of Fresh Cut BG, SBLC and MTN which are specifically for lease, our bank instrument can be engage in PPP Trading, Discounting, signature project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges, Real Estate and all kind of projects. We do not have any broker chain in our offer or get involved in chauffer driven offers. We deliver with time and precision as sethforth in the agreement. Our terms and Conditions are reasonable, below is our instrument description.
DESCRIPTION OF INSTRUMENTS:
1. Instrument: Bank Guarantee (BG/SBLC)(Appendix A)
2. Total Face Value: Eur 10M MIN and Eur 5B MAX (Five Billion USD).
3. Issuing Bank: HSBC, London or Deutsche Bank Frankfurt or any Top 25 WEB
4. Age: One Year, One Day
5. Leasing Price: 6% of Face Value plus 2% commission fees to brokers.
6. Delivery: SWIFT TO SWIFT.
7. Payment: MT-103.
8. Hard Copy: Bonded Courier within 7 banking days.
All relevant business information will be provided upon request.
If Interested kindly contact me via Email:~ bgsblcfinance.brokers@gmail.com serious enquiry only
skype id: bgsblcfinance.brokers
7 months ago
Dear Sir/Ma,
We are direct providers of Fresh Cut BG, SBLC and MTN which are specifically for lease, our bank instrument can be engage in PPP Trading, Discounting, signature project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges, Real Estate and all kind of projects. We do not have any broker chain in our offer or get involved in chauffer driven offers. We deliver with time and precision as sethforth in the agreement. Our terms and Conditions are reasonable, below is our instrument description.
DESCRIPTION OF INSTRUMENTS:
1. Instrument: Bank Guarantee (BG/SBLC)(Appendix A)
2. Total Face Value: Eur 10M MIN and Eur 5B MAX (Five Billion USD).
3. Issuing Bank: HSBC, London or Deutsche Bank Frankfurt or any Top 25 WEB
4. Age: One Year, One Day
5. Leasing Price: 6% of Face Value plus 2% commission fees to brokers.
6. Delivery: SWIFT TO SWIFT.
7. Payment: MT-103.
8. Hard Copy: Bonded Courier within 7 banking days.
All relevant business information will be provided upon request.
If Interested kindly contact me via Email:;
brk.finance@gmail.com
or through
skype: (mirko.popadic) in other to furnish you with other information.