There are many career directions that can be pursued in the fast-moving world of stockbroking. Generally speaking, stockbrokers buy and sell securities (e.g. stocks and shares) on a commission basis on behalf of private and commercial clients.
A stockbroker will work with a range of clients, from individuals to large companies. Their role is to manage and look after their clients investments. They will also advice clients on when to buy or sell their stocks or shares.
The portfolio manager in the Investment Department of a stockbroking firm assesses the client’s financial status. The analyst in the Research Department analyses the companies listed on the stock exchange. The information is then compiled to assist the portfolio manager in investing the clients’ funds which is undertaken by the Institutions and Client Services Departments.
The Derivatives Department trades in the futures and options market, an area so unpredictable that it is often said that these dealers are born with a ‘nose’ for the job. The dealer does the trading in this market and a strategist applies knowledge and experience to the market to develop new strategies.
The Corporate Finance Department lists shares on the Johannesburg Stock Exchange and the Administration Department does the paperwork for all the other departments - a task which can become quite pressurised at times.
Important skills are computer literacy, ambition, a competitive attitude and determination.
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