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Home > Profession > Investment Broker

Investment Broker



Education required for this profession


A college education is important for securities and commodities sales agents, especially in larger firms, because they must be knowledgeable about economic conditions and trends. Most workers have a bachelor’s degree in business, finance, accounting, or economics, although this is not necessarily a requirement. Many firms hire summer interns before their last year of college and those who are most successful are offered full-time jobs after they graduate. After working for a few years, many agents get Master’s degrees in Business Administration (MBA). This degree is a requirement for many of the high-level positions in the securities industry. Because the MBA is a professional degree designed to expose students to real-world business practices, it is considered to be a major asset for jobseekers. Employers often reward MBA-holders with higher-level positions, better compensation, and even large signing bonuses.

Relevant Degree/Diploma/Certificate

bachelors degree in finance

Quick Facts

A college degree, sales ability, good interpersonal and communication skills, and a strong desire to succeed are important qualifications. Competition for entry-level jobs usually is keen, especially in investment banks; opportunities should be better in smaller firms. Many people leave the occupation because of underperformance, but those who are successful have a very strong attachment to their occupation because of high earnings and considerable investment in training.

Salary

The median annual wage-and-salary earnings of securities, commodities, and financial services sales agents are $68,500 . The middle half earn between $42,630 and $126,290. The lowest 10 percent earn less than $31,170, and the highest 10 percent made more than $145,600.

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Online Universities Offering Degrees for this Profession


A
A.T. Still University of Health Sciences
Abilene Christian University
American InterContinental University Online
American Sentinel University
Antonelli College
Argosy University Online
Ashford University
B
Baker College Online
Bay Path College
Bellevue University
Benedictine University
Boise State University
Boston University
Bowling Green State University
Bryant & Stratton College
Bush School of Government - Texas A&M University
C
California Coast University
California InterContinental University
California State University, Monterey Bay
Capella University
Chamberlain College of Nursing
Chancellor University
Clarion University of Pennsylvania
Cleveland Institute of Electronics
Colorado Technical University Online
Columbia Southern University
Concord Law School
Concordia University Irvine
Creighton University
Cumberland University
D
Daniel Webster College
DePaul University
DeSales University
DeVry University
Dominican University
Drexel University Online
Duquesne University
E
Eastern Kentucky University
eCornell
Ellis University
Everest College Phoenix
Everest University Online
Everglades University
F
Fielding Graduate University
Florida Hospital College of Health Sciences
Florida Tech University Online
Fort Hays State University
Full Sail University
G
Golden Gate University
Gonzaga University
Graceland University
Grand Canyon University
Gratz College
H
Harrison College
Henley-Putnam University
Herzing University
Hodges University
 I
IIA College
Independence University
Indiana State University
Indiana Tech
International Academy of Design and Technology
Iowa Central College Online
Ivy Bridge College
J
Jacksonville University
Jones International University
K
Kaplan University
Keiser University
Keller Graduate School of Management
Kent State University
L
LA College Online
Lehigh University
Lesley University
LeTourneau University
Lewis University
Liberty University Online
Lincoln College Online
Loyola University New Orleans
M
Malone University
Marylhurst University
McKinley College
Minnesota School of Business
Missouri University of Science and Technology
Mountain State University
N
National American University
New England College
New England Culinary Institute
New Jersey Institute of Technology / NJIT
New York Medical College - School of Public Health
Nova Southeastern University
O
Ohio University
Oklahoma Wesleyan University
P
Post University Online
S
Strayer University
Syracuse University
T
The Art Institute of Pittsburgh Online Division
U
UMassOnline
University Alliance
University of Phoenix
W
Walden University

Quick Fact Sheet: Investment Broker


The most common type of securities sales agent is called a broker or stock broker. These are the people who sell securities to everyday people, also known as retail investors. Although only about 2 out of every 10 equities are held by small investors, most investors fall into this category. Because there are so many retail investors, they must work through a broker rather than trading directly on an exchange. First, the investor speaks with the broker, discussing the terms of the trade. Then, the broker relays this information to a trader at the company’s headquarters. Because most securities companies are very large, they can often find other company clients who are willing to buy or sell the same security. Otherwise, the stock trader places an order with a floor broker at an exchange, or trades the stock on an electronic network. The broker charges a fee for this service, and may also make money by finding a lower price for the security than was arranged with the investor.

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