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> Courses > Certificate Course In Stock Market > How To-Become-A-Stockbroker

How to Become a Stock Broker: Career Guide, Courses, After 12th, Eligibility, Skills, Benefits, Salary

Overview Stockbrokers

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Ahana Bhaduri
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Stock Brokers facilitate the buying and selling of securities, such as stocks and bonds, on behalf of clients in financial markets.
Certificate Course in
To become a Stock Broker, candidates are required to clear class 12 from a recognised board followed by the process required
to get a license from SEBI and a membership in the NSE. Candidates can also opt for formal education to build a strong base in
Certificate Course in
finance and management concepts. & Taxation [CCFAT]

The Salary of a Stock Broker can vary according to their skills and expertise. The average annual salary of a stockbroker in India Certificate in Accou
is INR 2.2 LPA with the highest salary being INR 5.1 LPA. The estimated monthly earning of a stockbroker is between INR 15,313
to INR 16,907.
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Bachelor of Arts [BA

Types of Stock Brokers Qualifications of a Stock Broker

Master of Business
(Finance)
There are many courses that candidates aspiring to become Stock Brokers can pursue. BSc, BBA, MBA in Finance and BCom
are some of the top courses. Candidates can also pursue short-term certificate courses to develop skills and gain knowledge. Master of Science [

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Table of Contents

Certificate Course i
1. How to Become a Stock Broker: Quick Facts
2. Eligibility to Become a Stock Broker Bachelor of Science
3. Qualifications to Become a Stock Broker Science)

4. Steps to Become a Stock Broker

Master of Science [
5. Courses to Become a Stock Broker
5.1 Entrance Exams Ph.D. (Computer Sc
6. Top Colleges for Stock Brokers
Master of Laws [L.L
7. Skills Required to Become a Stock Broker
8. Benefits of Becoming a Stock Broker
Diploma in Photogr
9. Salary of a Stock Broker
10. How to Become a Stock Broker: FAQs Master of Technolo
Analytics)
How to Become a Stock Broker: Quick Facts

Eligibility Class 12

Qualifications BBA/MBA in Finance

Starting Salary (INR) 0.2 LPA

Average Salary (INR) 2.2 LPA

 Highest Salary (INR) 15.1 LPA & above

Top Recruiters Sharekhan, Angel One, Motilal Oswal, Ventura Securities

Eligibility to Become a Stock Broker

There are certain eligibility criteria that candidates aspiring to become Stock Brokers must meet. The general eligibility criteria
include

Candidates must be citizens of India with a minimum age of 21 years.

They should have a minimum prior experience of working as a partner/authorised assistant/authorised
clerk/register/apprentice to an established Stock Broker.
Candidates must be registered with SEBI as Stock Brokers to practice. They have to also meet the financial and fit and
proper criteria set by SEBI.
Candidates have to become a member of a recognised stock exchange in India.

Qualifications to Become a Stock Broker

The educational requirements to become a Stock Broker are as follows

The minimum education required to become a Stock Broker is class 12 from a recognised board in India.
Candidates can pursue bachelor’s and master’s courses in any discipline from a recognised university and there is no
specific degree requirement.
Candidates must have a certification in the Securities Market (Basic) module or Compliance Officers (Brokers) module or
relevant modules required by the membership of the exchange.

Steps to Become a Stock Broker

Becoming a Stock Broker in India requires multiple steps. The general steps are mentioned in the following points.

For registration as a Stock Broker, candidates have to fill out and submit Form A. The form can be downloaded from the SEBI
official website or acquired from the SEBI branch.
Candidates have to submit other documents mentioned in Form A while submitting the form.
If the application is in order, the candidate will receive acknowledgement for their submitted application.
The candidate will initially receive a temporary membership after the approval of documents from the board.
Upon further processing, candidates will receive the SEBI certification.
Candidates now have to submit a membership application to membership services in the NSE.
The candidates will then be provided access to the trading system.

Courses to Become a Stock Broker

While a degree is not mandatory to become a Stock Broker, it can provide candidates with a strong base in
financial/management principles and related aspects. The details for some of the popular courses are mentioned in the
following table.

Parameters BSc Finance BBA Finance MBA Finance

Bachelor’s degree in finance or related

Eligibility Class 12 Class 12
field

Entrance
NPAT, SET, CET, CUCET SET, NPAT, CUET, IPU CAT APICET, MAHCET, UPSEE, TSICET
Exams

SJMSM, NMIMS, Amity

NMIMS, LPU, Parul University,
Top Colleges University Mumbai, NAMS, IIM Kolkata, XLRI, NMIIMS, SPJIM
Christ University
TIMSR
 Course Fees INR 2 - 3 L INR 2 - 5 L INR 3 - 20 L

Average
INR 3 - 14 LPA INR 4 - 5 LPA INR 7 - 20 LPA
Salary (INR)

HDFC Bank, ICICI Lombard, Boston Consulting Group, Bain &

HDFC Life, ICICI Bank,
Top Recruiters Kotak Securities, KPMG India, Company, JP Morgan Chase & Co,
NRHM, RBI, Oil India Ltd
PepsiCo McKinsey & Co, Barclays, KPMG

Entrance Exams
Most colleges provide admission on the basis of merit but if candidates are targeting top colleges for management or related
courses, they have to qualify for entrance exams. The details for some of the top exams are mentioned in the following table.

Entrance Exams Application Deadlines Exam Dates Result Declaration

IPU CET May 15, 2023 May 31 – June 17, 2023 June 2023

NPAT May 21, 2023 January 04, 2023 – May 31, 2023 To be notified

CUET March 30, 2023 May 21 to May 31, 2023 June 2023

XAT December 11, 2022 January 8, 2023 January 31, 2023

Top Colleges for Stock Brokers

Candidates can take admission in colleges offering courses related to finance, management or related disciplines. NMIMS,
ICFAI, Woxsen University, Parul University and Alliance University are some of the best colleges for Stock Broker aspirants. The
details for top colleges are mentioned in the table below.

Name of the Colleges Location Average Fees (INR)

NMIMS Mumbai 3.25 L

ICFAI Foundation for Higher Studies Hyderabad 2.80 L

Woxsen University Hyderabad 4L

Parul University Vadodara 80,000

Alliance University Bangalore 9L

Amity University Noida 3.51 L

Bharati Vidyapeeth University - IMED Pune 1.50 L

LPU Jalandhar 1.60 L

Shoolini University Solan 1.10 L

CMRU Bangalore 1L

Skills Required to Become a Stock Broker

Stock Brokers are required to have a specific set of skills to perform efficiently in the field. Some of the top skills that a Stock
Broker should have are tabulated below.

Financial Knowledge Analytical Abilities Communication skills

Sales and Negotiation Problem-solving skills Ethical Conduct

Risk Management Technology Proficiency Continuous Learning

Benefits of Becoming a Stock Broker

Becoming a Stock Broker can offer several benefits. Some of the top advantages include

Financial Rewards - Stock Brokers handle client investment portfolios and execute trades leading to potential financial
earnings.
Independence and Flexibility - Stock Brokers often have control over their working hours allowing for a better work-life
balance.
Learning Opportunities - Stock Brokers learn about various industries and investment strategies leading to personal growth
and expanded knowledge base.
Diverse Career Paths - With experience and additional qualifications, Stock Brokers can transition into different roles as the
skills are transferable.
Job Security - Stock Brokers will be in demand as long there are capital markets making it a stable job profession to pursue.

Salary of a Stock Broker

The average annual salary of a Stock Broker in India is INR 2.2 LPA with the highest salary being INR 5.1 LPA. The average
starting salary of a Stock Broker is INR 0.2 LPA. The monthly earning of a Stock Broker is between INR 15,313 to INR 16,907.

The salaries for different related designations are mentioned in the following table.

Designations Average Annual Salary (INR)

Investment Advisor 4L

Portfolio Manager 7L

Wealth Manager 6L

Equity Analyst 4.2 L

Derivatives Trader 3.6 L

Financial Planner 3.5 L

Mutual Fund Manager 18 L

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How to Become a Stock Broker: FAQs

Ques. What are the educational requirements to become a Stock Broker in India?

Ques. How do I register as a Stock Broker in India?

Ques. Can I start my own stock broking firm?

Ques. What skills are required to become a successful Stock Broker?

Ques. How can I gain practical experience as a stockbroker?

Ques. Are there any financial requirements to become a Stock Broker in India?

Ques. Is it necessary to become a member of stock exchanges in India?

Ques. Which cities are paying the most to Stock Brokers in India?

Ques. Which industries are paying the most to Stock Brokers in India?

Ques. Name the top recruiters of Stock Brokers in India.

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