HOW TO GET THERE
Typical pathway
Typical training varies by employer and market segment, but this occupation usually needs strong preparation in business, finance, economics, or a related field. In many regions, workers have a bachelor’s degree, and some have study beyond that level. Practical knowledge of financial markets, trading systems, and market analysis is useful. Students who are interested in this path should focus on math, communication, and computer skills, and look for co-op, internship, or entry-level experience in finance when possible. Because hiring needs can vary by region, it is important to check local job requirements.
THE WORK
What you may do
Legacy duties
- Buy and sell stocks, bonds, commodity futures, foreign currencies and other securities at stock exchanges on behalf of investment dealers
- Develop trading strategies by reviewing investment information and monitoring market conditions from the exchange floor and through contact with trading departments of other investment firms, pension fund managers and financial analysts
- Make bids and offers to buy and sell securities and complete details of sales on exchange trade tickets
- Prepare reviews of portfolios' positions.
A DAY IN THE LIFE
What a day can include
A broker’s day often starts by reviewing overnight market news, prices, and major events that could affect trading. During the day, they follow market movements, speak with clients and colleagues, and adjust trading plans as conditions change. They may place buy and sell orders, complete trade tickets, and keep records accurate and up to date. Brokers also check portfolio positions and compare them with current market conditions. Some work from an exchange floor, while others are more office-based and use financial computer systems. The pace can be busy, and the job may require quick responses to changing information.
SKILLS TO BUILD