What are careers in the stock market?

Stockbroking is a finance career that involves the stock market. Here are some details on the job of a stockbroker and other careers that involve the stock market:

• Stockbroker

A stockbroker is a financial professional who handles securities transactions for clients. This includes the buying, trading, and selling of stocks. Generally, they look over their various clients' stock portfolios and give them expert advice on the appropriate times to buy more stocks, or sell or trade their stocks.

Stockbrokers utilize stock market research to determine how to increase their clients' wealth through these transactions. They meet with their clients in person or over the phone to confirm stock prices before any transactions are made.

Stockbrokers often work for large financial firms on Wall Street, but also for smaller firms, or independently throughout the country.

Most stockbrokers have at least a bachelor's degree in finance, business, economics, or another related area. It is not uncommon for some brokers to have technical math education either. Some studied engineering for instance, but choose to utilize their math skills in the financial realm.

The average salary of a stockbroker is $149,666 per year.

• Asset Manager

An asset manager is a financial professional who seeks to aid an investor in gaining more money. They advise and manage a client's investments. This includes things like stocks, bonds, mutual funds, EFTs, and other investments.

Their primary objective is to help a client increase their wealth by determining what investments are the best options for a particular client. They may also assist in asset allocation or choosing how to divide a client's investable assets into different asset classes.

Asset managers typically have bachelor's degrees and many have advanced degrees in finance, economics, or another related field.

The average salary of an asset manager is $79,874 per year.

• Financial Consultant

A financial consultant is a professional that helps an individual or company build wealth. This often includes making investments or other transactions associated with the stock market.

A financial consultant's main objective is to help their clients with developing comprehensive long-term financial strategies to increase their wealth. They are heavily involved in the buying and selling of investments. And turning complicated financial concepts into actionable strategies.

The average annual salary of a financial consultant is $85,572.

• Dealer

A dealer is a financial professional that enables the trading of securities for themselves. They facilitate the trading of securities on behalf of themselves, in terms of an individual, or itself, in terms of a company.

Dealers also behave as self-governing entities, to ensure the correct functioning of securities markets. Some dealers, also called primary dealers, also facilitate trades on behalf of the United States government.

Dealers have strong backgrounds in finance and typically have a lot of experience in the stock market. They might hold a bachelor's or advanced degree in finance, economics, or another related area.

The average annual salary of a dealer is $83,694.

• Investment Banking Associate

Associates must be skilled in communication because they often act as a liaison between senior banking officials and their team of analysts.

Investment bankers also offer clients and companies expert advice on big financial decisions, such as company mergers and acquisitions. In addition, they are also instrumental in assisting a company goes public in an initial public offering (IPO). This is a set amount of stock a company offers to the public when it launches.

With bonuses and other compensation, a first-year associate can earn up to $225,000 per year, with a base salary of around $150,000.