How To?

Tips on How to Make a Career in the Stock Market

Personal Finance

A stock market is a busy place where many people gather to buy, sell, or trade stocks. As long as you have proper skills and experience, working in a stock trading job can be quite a lucrative option. Do you love everything about stocks and how their values change over time? Do you find it intriguing to analyze different stocks and manage them?

If you said yes to those questions, follow the steps we have mentioned in this article to build a solid career in the stock market. Let’s dig in.

How to Start Working on the Stock Market?

Even though different stock market jobs require a different set of training and qualification, all of them need you to go through a few common things. If you want to work in these jobs, you must follow the steps below.

Step #1: Complete Your Education

An undergraduate degree in accounting, finance, or related fields might help you pave your path toward the professions related to stock trading. Some of these common undergraduate degrees include B.Com or BBA. What all these degrees have in common are math, statistics, and some form of qualitative analysis.

A few companies also prefer to hire candidates who have an educational background related to management. Furthermore, completing a graduate (master’s) degree in finance, business, and other related areas will help you build a solid foundation for stock market jobs.

Step #2: Join Specialized Courses in the Stock Market

Joining specialized courses related to stock trading can help you land your dream job. These specialized courses often help you improve a specific aspect related to finance and trading. Some of the major specialized courses people pursue are:

  • A finance and stock market-related diploma
  • Courses regarding SEBI and NISM XV series
  • Stock market technical analysis courses
  • Research analyst diploma courses
  • Equity dealer certification courses
  • Courses related to fundamental analysis of the stock market
  • Diploma courses in financial markets

Please note that many brokerage firms in India desire candidates who have NISM or National Institutes of Securities Markets certification. Additionally, these specialized courses can also help you build a solid resume, making it easier for you to land your dream job.

Step #3: Apply for SEBI (Securities and Exchange Board of India) Certification

No matter what kind of job you want to pursue in the stock market, you will probably need a SEBI certificate. Once you complete your general education, you need to apply for a certificate of registration (CoR) via the SEBI web portal. 

Make sure you read all the criteria to submit the right documents to the SEBI portal. They will take a few days to review your application. Once they approve it, you will receive the acceptance letter along with your CoR. Only after receiving the CoR, can you start trading legally on behalf of your clients.

Step #4: Get Your License

The FIRA, or Financial Industry Regulatory Authority, needs every working professional who deals with stocks or securities to acquire a Series 7 license. On top of that, different states might need you to have different licenses to work in the stock trading industry.

One state may need you to have a Series 63 license. Meanwhile, other states may ask you to get a Series 66 license before trading stocks. However, to get these licenses, you need to pass relevant licensing exams.

Step #5: Further Your Study

Many people often choose to get a master’s degree in finance and other related fields to boost their earning potential and skills. For example, you can go for the FRM or CFA courses and establish yourself as a financial risk manager or chartered financial analyst, respectively. Each of these courses is globally recognized and not limited to the Indian stock market.

You can pursue a CFA certificate just by holding a bachelor’s degree. You don’t need to have any relevant experience before joining the course. On the other hand, FRM certification needs you to have at least a couple of years of experience managing a financial risk portfolio. You can choose to further your study in a stream that aligns with your end goals.

Step #6: Create Your Resume and Apply for Jobs

Once you finish your education, get a proper set of skills, and acquire the relevant licenses, you can start creating your resume using this information. While creating the resume, it’s best to focus on your skills and certificates. 

You should also provide relevant info about your higher studies. For example, if you have joined a project related to stocks or stock trading, tell more about it on your resume. You should also check the job description properly and make suitable changes in your resume before applying for the jobs.

Picking out specific key phrases from the job post and adding them to your resume will help you make it ATS-compliant. This way, your resume will easily pass the ATS or applicant tracking system. Making these minor changes can easily help you pass the first round, landing you a chance for a job interview.

Once you create your resume, you just need to start applying for jobs. If you do everything perfectly and ace the job interview, you can easily get your dream job.

Major Career Options in the Stock Market

There are many career options in the stock market. Here’s a list of some of the major jobs in this sector that you can choose from.

  • Broker
  • Portfolio Manager
  • Research Analyst
  • Financial Advisor
  • Stock Market Analyst
  • Investment Bankers
  • Stock Traders

Final Words

A stock market is an amazing place where many people work day and night to grow a country’s economy. And just like any other job, stock trading jobs also have many ups and downs. Whether you succeed or not depends on your own abilities.

Do you believe that the stock market is the right place for you? If you do, follow the steps we have mentioned above to make a solid career in this industry. Visit Piramal Finance to learn more if you need a loan to boost your career in the stock market.