The profession of a broker includes many activities. In particular, specialists can play the role of an intermediary between the seller and the buyer on the stock exchange. For the fulfillment of these obligations, the broker charges a commission, which is calculated as a certain percentage of the amount of the completed transaction. Let's find out more about the representatives of such activities.
Description
The profession of a broker, as mentioned above, includes a wide range of responsibilities. Representatives of the speci alty can work not only in the stock market, but also in the foreign exchange, mortgage, and insurance markets. Individuals or legal entities can become clients of the broker.
The profession of a broker obliges a specialist to monitor changes in the exchange rate of securities or currencies and make deals in good periods. It must be said that clients' money is used to complete transactions. Therefore, brokers often have to risk large sums that do not belong to them. However, the result is successfultransactions become impressive fees, which, as a rule, do not have a fixed character, but are calculated as a percentage of the transaction. Accordingly, the larger the amount of the contract, the higher the level of income of the broker. Also, the number of customers affects the amount of profit received. The more of them, the more transactions can be made.
Answering the question of when the profession of a broker appeared, one cannot say that it happened a long time ago. This speci alty is relatively new, as its appearance is associated with the development of the securities market and real estate in particular.
Activities
Turning to the services of professionals, potential clients can get a whole range of services.
The profession of a broker includes several types of activities, according to which these professionals are classified.
- Exchange.
- Insurance.
- Mortgage.
The profession of a customs broker involves serving private clients. Why hire such a specialist? In order for him to settle all the issues that arise with the customs authorities.
Freight. Carry out transactions with goods that are transported by sea.
Stock Brokers
Carry out various transactions in the securities markets. They are mandatory intermediaries between the stock exchange and the client, as the law does not allow individuals to participate in trading. The essence of the activity isthe fact that the broker must buy shares at the lowest price, and sell, on the contrary, at the highest. The difference will be his profit.
Insurance Brokers
As the name implies, these specialists work in their respective fields. In this case, they become intermediaries between customers and specialized companies that provide insurance products. The task of a specialist representing the interests of the client is to select the most advantageous offer for him.
Mortgage Brokers
This is a relatively new direction in the field of brokerage. The transactions involved a few more participants. This is not only a buyer and seller of real estate, but also a bank that issues a loan. A broker who deals with real estate can also be called a re altor. Often his task is to buy some object at a low price and sell it at a higher price, making the difference his own profit.
Where to study?
Profession broker raises many questions. In particular, it is not always clear to potential applicants what speci alty they need to study. Let's take a closer look at this issue.
So, it's worth saying right away that, as a rule, there are no specialized faculties for preparing future brokers. That is why future specialists have to master related areas during their professional training. For the same reason, the question arises whether a broker is a profession orspeciality? If we take into account the fact that there is no such direction in educational institutions, we can call this activity a profession. Moreover, mastering its subtleties, as a rule, has to be practiced.
Those who are interested in the broker profession master the following speci alties:
- Economy.
- Management.
- Finance.
- Management.
- Jurisprudence.
- Customs.
A speci alty called "property expertise and management" will suit future mortgage brokers.
Having mastered one of the directions, it is possible to become a professional broker in the future. However, you need to be prepared for the fact that some subtleties of the speci alty will still have to be mastered in practice.
Universities, colleges, courses
A considerable number of educational institutions offer applicants training in the speci alties mentioned above. For example, Russian University of Economics. G. V. Plekhanov, or rather his economics department.
Among the offers, it is easy to find various universities, as well as secondary specialized educational institutions.
In addition, you can learn the profession of a broker in courses. This is the fastest way to get the desired speci alty.
However, you need to understand that having only theoretical background may not be enough. As a rule, high-class brokers become after several years of practice. Inexperienced professionals maymake mistakes, but it is their overcoming that builds character and turns beginners into true professionals.
Exams
No less relevant for potential applicants is another question. What do you need to take to become a broker?
After all, as you know, preparation for admission must begin in advance.
As a rule, prospective brokers are required to successfully pass entrance examinations in Russian, social studies, and mathematics.
Career
Despite the fact that in brokerage companies, as a rule, there is no clear hierarchy, this does not negate career opportunities. Gradually, you can "grow" to the head of the department or even take the vacancy of the director of the company.
However, you need to understand that in order to achieve such career heights, you will have to establish yourself as a highly qualified specialist.
Particularly appreciated are such qualities as responsibility, sociability, determination, as well as the ability to competently organize one's own activities, even with a large number of planned actions.
Of course, to build a career as a broker, it is important to be ambitious, show confidence and improve in the profession.
When it comes to a private specialist, not an employee, reputation is of great importance. The broker manages to make larger transactions, thus increasing their own profits.
Further career growth may lead to retraining as traders. That is, in fact, the broker will startuse not someone else's, but your own funds, making transactions on the stock exchange and receiving income in this way.
Advantages and disadvantages
Any profession combines both. Broker is no exception. He must act on the side of his own client, representing his interests and creating conditions for the most profitable transaction. At the same time, legal responsibility is imposed on the specialist. That is why he begins to fulfill his duties only after the conclusion of an agreement that protects the interests of both parties and avoids possible disagreements.
Profession benefits:
- High pay. This is especially true for those brokers who receive a certain percentage of the transaction and operate with large amounts.
- The opportunity to meet we althy people.
- Having a choice. A broker can become a private specialist or get a job in a specialized company.
- The presence of career growth and, accordingly, an increase in income.
Profession Disadvantages:
- Instability, which is associated with the peculiarities of payment. If the broker works for a percentage, then in the absence of transactions, he will not receive income.
- Irregular schedule. The broker has to adjust to the schedule of his clients.
- Constant changes in legislation need to be monitored.
Now you know the features of the broker profession. This will allow you to decide whether it is worth mastering this direction or it is better to find an alternative speci alty that will attract you more.working conditions and other features. However, if such a profession still attracts you, nothing prevents you from mastering it. Now you know in which institutions you can get the speci alty presented in the article. However, it is important to master not only theory, but also practice.
