what certifications are needed (ie: NASD series 7?) degree? education? tests? qualifications? etc. thanks!!!
2006-06-08 05:29:59 · 4 answers · asked by moneyguy 1 in Business & Finance ➔ Investing
There are several different types of brokers, but in general it's either a hard sales job or a Clerk job. Now you know the qualifications, in addition to a Series 7.
You need a sponsor; a brokerage. So when you get one, you can talk to their brokers and see which category you'll fit into.
Just as a precaution, many people don't have an idea in their head that wasn't put there by TV, so just remove that idea, get back to reality and realize that a broker is not generally a trader or anything glamorous, but just about the lowest person in the financial industry. It is more of a stepping stone if anything, and an introduction to the industry. You are not setting your sights very high. Anyone can pass the Series 7; anyone. So your worth doesn't go up much. But then, if you like making Cold Calls, that's your business, and good luck.
2006-06-08 07:51:30 · answer #1 · answered by dredude52 6 · 0⤊ 0⤋
Talk to a brokerage firm and they will explain to you their requirements as well as the state requirements. Most firms do not require a college degree, but by the same token, they do not hire just anybody off the street. The series 7 test is the primary qualification needed and some states have additional requirements. You will also need a clean criminal background. Call a broker and ask them, in your state.
2006-06-08 12:35:28 · answer #2 · answered by brissance 1 · 0⤊ 0⤋
You need to be hired by and sponsored by a broker/dealer and then pass the Series 7. Then you need to take the series 63, 65, or 66, depending on your responsibilities and your state of residence. No college degree is required.
2006-06-08 12:36:16 · answer #3 · answered by bp1735 3 · 0⤊ 0⤋
i think u find a mutual fund that u get hired for
2006-06-15 12:11:29 · answer #4 · answered by Anonymous · 0⤊ 1⤋