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/Certificatebachelors 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.
SalaryThe 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.