2006-10-08 09:18:24 · 8 answers · asked by galioven 1 in Business & Finance ➔ Investing
Not to dabble personally in the stock market you don't, but you should definitely educate yourself before embarking!
If you are asking if you need a degree to get HIRED by a stock market firm, then my guess is yes, you need some sort of 4-year degree in finance or economics or some related field.
2006-10-08 09:25:32 · answer #1 · answered by djc 3 · 0⤊ 0⤋
No, you dont need a degree to invest in the stock market, in stocks or mutual funds. You dont need a degree to become a stock broker either. You just need to be sponsored by brokerage firm and pass the National Association of Securities Dealers Series 7 exam. Becoming a stock broker is like becoming an insurance salesman.
2006-10-08 10:37:42 · answer #2 · answered by jeff410 7 · 0⤊ 0⤋
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2015-01-25 00:27:51 · answer #3 · answered by Anonymous · 0⤊ 0⤋
An analyst will need an advanced degree. A sales person needs good hard core sales experience.
Experience like selling life insurance, you know, the basic combat training of the finance world.
Selling to people who buy financial instruments, will require you to know the lingo, and the math of investing/speculating/bonds/currency etc. If you are gonna hang with these people, you will need to dress like they do, and understand their culture.
Being successful as a broker or salesperson will require you to be part of the mainstream paradigm. If you want to find out what its like, read "Liar's Poker", about being a Lehman Brothers intern.
If your talking about speculating for your own account, then you want a psychology/math background, and understand the culture of those who deal in the financial world, so you can attempt to make some valid decisions for your own account.
Good Luck
2006-10-08 10:42:01 · answer #4 · answered by denaliguide2 3 · 1⤊ 0⤋
Most brokers I know have a Bachelors, although I know of one that had an Associates degree. You do need to pass the Series 7 exam... it's required.
2006-10-08 13:51:28 · answer #5 · answered by Mike S 7 · 0⤊ 0⤋
no mate Ive got a mate who left school with nothing, not even a gcse and is in the stock markets earning a fortune. admittedly his dad got him the job, but even so, a fine example of "its not what you know, its who you know"
2006-10-08 09:30:09 · answer #6 · answered by dublover 2 · 1⤊ 0⤋
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2006-10-08 15:36:06 · answer #7 · answered by stock.geek 2 · 0⤊ 1⤋
no, read the Financial Times daily
2006-10-09 04:47:33 · answer #8 · answered by Conservative 5 · 0⤊ 0⤋