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As a broker you’ll act as an intermediary between two parties, usually a client or investor and a high-wealth market like the stock market. Keep on reading to learn more about a career as a broker and what you need to study to become one.
Working as a broker often involves long hours and high concentration but the financial rewards can be high. You can act as a broker in several sectors, e.g., stocks and shares, insurance, risk management, marine and motor. You’ll usually be based in an office but the job may also involve travelling to meet with clients.
A broker mainly uses their knowledge of markets and risk to manage investments and purchases on behalf of their clients. This will involve taking care of their clients’ portfolios and deciding what to buy and when. Being a broker can be rewarding work as you can earn a lot of money while helping your clients, although it can also be highly competitive and demanding.
Daily tasks will vary but could involve:
The average salary for a broker in the UK is £86,840. Graduates start at around £26,000.
Brokers may travel to meet clients but are generally based in one location.
Working from home is rare for brokers as meetings are frequent.
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