Broker trainee jobs vary depending on the employer’s investment goals. They typically involve a training program and passing licensing exams, with responsibilities ranging from executing trades to providing financial advice and portfolio management. Some positions involve technical analysis of stocks.
There are several types of broker trainee jobs, the responsibilities of which depend on the hiring company’s investment goals and objectives. Many stockbroker trainee jobs start out by offering a training program to aspiring stockbrokers in an attempt to educate them on the process of becoming a stockbroker. Upon completion of training, brokerage trainees must pass the appropriate licensing exam. In the United States, this would consist of the Financial Industry Regulatory Authority (FINRA) Series 7 Exam of the Financial Industry Regulatory Authority (FINRA).
While all stockbroker intern jobs can prepare an individual to become a stockbroker, the employer’s investment goals can have a dramatic effect on the intern’s role. In the securities industry, a broker acts as a liaison between its client and the global financial market. Typical stockbroker trainee jobs prepare individuals to conduct transactional business with a client. In this role, the broker would be responsible for executing trades for a client when he is looking to buy or sell a security, such as a stock or bond.
The Internet has sparked the growth of various online discount brokers, which have effectively allowed customers to conduct trades on their own without the assistance of a stockbroker. This development has caused some broker trainee jobs to focus more on providing financial advice to clients in the form of market research and analysis. Stockbroker interns in this capacity will research numerous global investment opportunities in specific market sectors such as real estate or the technology sector. By compiling and analyzing this information, the investment firm will package and sell this research in the marketplace.
Portfolio management is another type of trainee position for brokers. These stockbroker trainee jobs involve working with portfolio managers to create prospective portfolios for new clients or analyze and manage the risk involved with existing client portfolios. This position requires the brokerage trainee to make adjustments to a portfolio to maximize return on investment.
At some of the largest and most prestigious investment banks, broker interns are responsible for completing a wide variety of jobs. Some of them involve performing technical analysis on a variety of stocks. This position requires a brokerage intern to research various stocks that exhibit specific characteristics, as measured by various technical indicators. Trading companies will use this data to execute trades for themselves and the clients they serve.
Protect your devices with Threat Protection by NordVPN
