Trainee positions in stockbroking, insurance broking, and real estate are entry-level jobs that provide on-the-job experience. Brokers advise clients on investments, while insurance brokers sell insurance packages and real estate agents assist with property transactions. A bachelor’s degree in business, finance, economics, or accounting is typically required, and licensing exams may be necessary. Trainees learn about the industry, client management, and record-keeping.
Individuals seeking experience working as a stockbroker can take on trainee positions as stockbrokers, insurance brokers and real estate agents. Broker trainee jobs are entry-level positions that allow employees to gain on-the-job experience under the direct supervision of higher-level personnel. Brokers advise people on financial investments. Insurance brokers sell life, health or property insurance to individuals, families and businesses. Real estate agents use their knowledge and experience to assist individuals with the purchase or sale of a home or commercial property.
Stocks, bonds and mutual funds are bought and sold by investors on financial markets or stock exchanges. Individuals seeking to obtain such securities use brokers to arrange these sales. Typically, a customer and a broker discuss the potential transaction and agree on a price. Then the broker electronically sends the order to the exchange to complete the transaction. Brokers make money by charging a percentage of the transaction as a commission.
Trainee broker jobs in this field typically require applicants to have a bachelor’s degree in business, finance, economics or accounting. Some states or countries also require brokers to register with a governing body after working for a company for a specified period and passing an exam. Companies can also fund test preparation and pay any fees associated with the exam.
Insurance brokers often offer insurance packages from multiple companies. Their goal is to match their clients with companies that offer coverage and rates that are tailored to the clients’ needs. Trainee broker jobs in this field familiarize new hires with the various types of insurance offered. These broker trainee jobs also teach insurance brokers how to keep records, solicit new clients, and help current clients resolve insurance claims when losses arise. Companies generally prefer graduates with degrees in business or economics; they may also offer test preparation classes and subsidize exam costs if the company operates in a region that requires insurance brokers to be licensed.
Realtors must be licensed in most counties, states and countries. The requirements for these licenses usually involve formal classroom instruction, passing an exam, and accumulating some experience in selling real estate under the employment of a licensed broker or firm. Interns in this position generally work on a contract basis and receive a portion of the commission earned from all sales they make. Individuals working these types of realtor jobs learn how to solicit clients, how to ensure that properties bought or sold meet all legal conditions, and how to arrange financing for prospective buyers.
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