When you hear the word ‘Stock Market’, most of you will recall the series Scam 1992 of Harshad Mehta.
If you are among those minute population that understands the depth and insights of Sensex or Nifty, then you can take up a career in Stock Market.
You→ Good Resume →Job
Even though the numbers of Covid-19 are on the rise, the Indian Stock Market is undeterred and is on a steady rise. The Stock Markets rose to an 8% increase in June recording the highest gains in the world.
Young professionals have always been attracted to Stock Market since its inception due to its gradual growth.
What is Stock Market?
Stock Market is also called Equity market or Share Market. Trade is the exchange of goods and services between two parties called the Buyers and the Sellers and the stock market is the place where the trading of public companies’ shares takes place.
Basically in a share market, the buyers can increase their profits without damaging their business and sellers can earn profits by the sale of stocks and raising funds through investors. Investments are a win-win situation for both parties. The major factor determining the economic growth of a country is its share market performance.
In India, there are two main stock exchanges where trading takes place called the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Education and Eligibility
There are no particular set of qualifications that are needed to enter the stock market. But the career path mentioned below will provide you with an edge as most employers prefer candidates from commerce or management backgrounds.
- Completion of 10+2 in preferably commerce stream from a recognized board.
- Pursue graduation in fields like corporate finance, investment management, and business economics, global economics are preferred.
- Bachelors and Masters in finance or investment banking like B.Com, M.B.A or M.Com in these fields will be helpful.
- Licensing is crucial for a career in Stock Trading. To earn the licenses like Series 63, Series 7 or Series 66, have to attend the classes and qualify for the exams.
- The following are the certification programs students can pursue added advantages like:
- Chartered Financial Analyst (CFA) certification offered by CFA Institute.
- Financial Risk Manager (FRM) certification by GARP Institute.
- Certifications of National Institute of Securities Market (NISM) approved by SEBI (Securities and Exchange Board of India).
Required Skills
To become a successful trader of the Stock Market, an aspirant should possess the following skillset.
- Analytical Skills.
- Skills in math and computer programming.
- Customer Service Skills.
- Problem-solving skills.
- Detail-oriented.
- Ability to work in a stressful and fast-paced environments.
- Practical exposure to the financial market.
Career Opportunities in Indian Stock Market
In recent times, the equity or the stock market is getting bigger and expanding on a large scale. Due to which many opportunities for aspirants of stock trading is also increasing. The following are some of the job roles in the Stock Market:
- Market researcher.
- Risk Analyst.
- Stock Broker.
- Portfolio Management Services (PMS)
- Financial and Investment Advisor.
- Online Stock Trading.
- Equity Analyst.
- Mutual Fund Manager.
- Research Analyst.
Top Career options
The following are the best career options in Stock Market that aspirants can opt for:
- Training Company.
- Broker.
- Sub-Broker.
- Technical Analyst.
- Development of a trading platform.
Various Stock Market Companies
The following are some of the stock market companies that are the starting points for exploring various career options in this field.
- Stock Broking Firms,
- Stock Exchanges,
- Registrar,
- Clearing corporations,
- Custodians,
- Mutual fund and pension fund companies,
- Investment Banking Firms,
- Research institutes
- Mass media.
- Insurance Companies.
Salary and Career outlook
In India, there are numerous job roles to be considered in Stock Market with roles not limited to only trader or investor. Aspirants can take any desired role in other areas too.
The Equity Market offers career opportunities from an entry-level position like Equity Advisor or Relationship Manager to top position like starting up of an Entrepreneurial Venture. These professionals can offer services like registered investment advisors or market brokers for proving important trading information to market participants.
The stock market professionals have to be aware of different risks while investing their money in Equity Markets since the return is not guaranteed and due to incorrect investment decisions, the investors have to lose their hard-earned money.
Proper knowledge and understanding of various risks by defining a risk management strategy is required.
Entry-level stockbrokers can earn an average of INR 2-3 LPA. The annual package can increase to INR 5.76- 6.5 LPA based on the broker’s academic qualifications, experience and skills.
– Samiya Firdous
