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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.
There is a clear career route within the broking profession with opportunities to gain promotions and move within different sectors.
Brokers will often go through general training before gaining broking experience for a few years. It’s then common for brokers to specialise in a certain industry before applying for management positions, which involves managing a team of brokers or several branches of a broking firm.
It’s possible to become a self-employed broker, after working for a number of years and establishing a good reputation and contact base.
Training is often offered by broker firms, including training on the technical aspects of broking.
That being said, you’ll also develop your career significantly by learning on the job and through in-house training.
Professional organisations you could join include the Chartered Institute for Securities and Investment (CISI), the Chartered Financial Analyst (CFA) Society, the Society of Insurance Broking (SIB) and the Financial Intermediary and Broker Association (FIBA).
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