Best Career In Stock Broking In 2023

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If you passionately follow the markets, understand how the Sensex and Nifty work, and have a knack for handling finances, then a career in stock broking might just be for you.

What does a Stock Broker do?

Stock brokers are involved in the buying and selling of stocks in the market, mainly for their clients. They always remain in touch with their clients, constantly updating them about the fluctuations in the market and advise them when to buy & sell and at what rates. At the same time, stock brokers also ensure that their stock trading company also makes maximum profit in the long run. You can work as a full service broker (for eg. with ICICI Direct or Sharekhan) or as a discount broker (with firms like RKSV or Zerodha.)

With the market in India growing steadily, it is obvious that those who deal in market shares are going to have rewarding careers with vast opportunities for growth. A career in share market might be a very good option indeed.

All the operations today are computerised, with highly trained and qualified specialists keeping a close watch on the market. You can survive in the stock broking career only if you have a knack of thinking on your feet and being adaptable in an ever-changing environment. 


The National Stock Exchange or NSE provides nationwide facilities with access to investors all over the country. The automated, screen-based trading system using state-of-the-art technology makes market operations transparent.

Eligibility Criteria for Stock Broking

The minimum educational qualification required to become a stock broker is a graduation with at least 2 years of experience in a stock broking firm. A sub-broker (the previous stage of being a broker) needs to have passed the class 12th standard to be eligible for his job. Minimum age: 21 years.

This business is an integrated one. Jobs in stock broking are not your only option in this field. The share market requires the genius and capabilities of specialists from various fields from economists, who know the ins and outs of the market, to financial planners, who can give you the right kind of advice on stocks. You also have the option of becoming a financial manager , analyst or a market specialist.

Although, there aren’t stock broking courses as such, you need to have a background in the specialised fields of commerce, business administration of economics to become a professional stock broker. To have an even better shot at joining this illustrious and taxing career, one can choose to pursue a post-graduate degree in commerce or economics.

Financial managers with a Master of Business Administration (MBA in Financial Markets) degree would be preferred as they would have specialised knowledge of the field.

How to become a Stock Broker

First and foremost – you need to register and become a member of a stock exchange. You must also register with the Securities and Exchange Board of India (SEBI). SEBI governs all the stock brokers, protects the rights of the investors and acts like a regulatory body of the ever-fluctuating markets.

Stock Broking Career Prospects

There were about 20 active stock exchanges in India with 7000 listed companies, 6500 brokers and 538 investment bankers registered with the SEBI. As per a Mint report, dated 20 May, 2014, 15 of the 20 stock exchanges in the country have opted to exit the business altogether. The 5 that will continue are the Bombay Stock Exchange (BSE), United Stock Exchange (which agreed to merge with BSE), MCX Stock Exchange Ltd (MCX-SX), National Stock Exchange (NSE) and the Calcutta Stock Exchange.

Prospects for the stock broking business are bright and for those who are qualified to handle this business and have the necessary personality traits to cope with it, the job openings are many.

As of November, 2014, the Bombay Stock Exchange (BSE) was rated 10th globally (market value-wise) among world’s stock exchanges, as revealed by data from the World Federation of Exchanges. Close behind is India’s National Stock Exchange (NSE),  ranked 11th. “It is a matter of time before we make it to the top 5 stock exchanges in the world, said Kalpana Morparia, chief executive of J.P. Morgan India, told Wall Street Journal on 28 November, 2014. If the market cap of Indian companies keeps growing at its recent pace, the BSE and NSE could soon overtake Germany’s Deutsche Borse and China’s Shenzhen Stock Exchange. In short, opportunities in this field are going to be aplenty!

Salary/ Pay package

While not every stock broker ends up becoming a Warren Buffet, you stand to earn well as a stock broker. The salary package varies from earning $34k to $154K

Stock Broking Institutes

Here are some of the best stock broking institutes in India:

  • National Institute of Financial Market (NIFM): NIFM is a leading institute established by the Ministry of Finance. It offers a variety of courses on financial markets, including stock market trading. NIFM has a good reputation for its quality of training and its faculty members are experts in the field.
  • BSE Institute Ltd. : BSE Institute Ltd. is a subsidiary of the Bombay Stock Exchange (BSE). It offers a variety of courses on stock market trading, including online courses. BSE Institute is a good option for those who want to learn stock market trading at their own paceNifty Trading Academy : Nifty Trading Academy is a leading stock market training institute in India. It offers a variety of courses on stock market trading, including both online and offline courses. Nifty Trading Academy has a good reputation for its quality of training and its faculty members are experts in the field.National Institute of Securities Markets (NISM): NISM is a leading institute established by the Securities and Exchange Board of India (SEBI). It offers a variety of courses on securities markets, including stock market trading. NISM is a good option for those who want to learn stock market trading from a reputed institute.
The stockbroker salary in India is better than many other professions in the financial sector. The median earning of the stockbroker salary is more than the national average.
To become a stockbroker: One should be a 21-year-old Indian citizen, should have completed at least 10+2 or higher secondary college, and should also have an experience of not less than 2 years as a partner or authorized assistant or authorized clerk or remisier or apprentice to a Stock Broker.
  1. Get a bachelor’s degree.
  2. Pass the licensing exams required by your state and employer.
  3. Get your first job as part of a team so you can learn from other industry professionals.
  4. Verify the path for professional development offered by your position.
Working as a stockbroker sounds like a glamorous career, but the fact is that many first-year brokers drop out of the business because the job usually requires long hours, can be overly stressful, and the business requires a substantial amount of dedication.
Middle level Career in the Stock Market: Technical Analyst, Fundamental analyst, Stock analyst, Relationship Manager, Equity Research. Entrepreneurship: Advisory service, Broking-sub Broking services, Self-investment, Financial Advisor, Personal Financial Advisors, Financial Manager, Financial Consultant.

A broker is a person or company who works as a go-between for just a client and a stock market

A broker gets to work early to read financial news and begin researching trade

The risks and sacrifices are many. You may not be able to spend as much time with your family as you prefer. You might have to work extra jobs to build up capital and pay for trading expenses. It is often necessary to focus exclusively on trading.08-Feb-2022

Brokers are typically innovative, outgoing, optimistic, enthusiastic and curious. They tend to be socially skilled and communicative, and enjoy making new contacts and maintaining existing relations.

If you have an account with a brokerage firm, you may wonder if your money is truly safe. After all, a brokerage firm can go bankrupt like any other business.

The average salary for Stock Broker is ₹7,90,000 per year in the India. The average additional cash compensation for a Stock Broker in the India is ₹4,80,000, with a range from ₹4,80,000 – ₹4,80,000

Article Updates:

14/08/2023: General Update

14/08/2023: Interlinking

14/08/2023: FAQS Update