Stockbroker Careers: A Comprehensive Guide

Are you considering a career as a stockbroker? This high-stress, high-reward profession can be both challenging and rewarding for those who have the skills and temperament to succeed. In this article, we’ll cover everything you need to know about stockbroker careers, including what stockbrokers do, the education and licensing requirements, and the job outlook.

What Do Stockbrokers Do?

Stockbrokers, also known as securities, financial services, or investment brokers, are financial professionals who buy and sell securities on behalf of their clients. These securities can include stocks, bonds, mutual funds, and other financial instruments.

Stockbrokers work with a wide range of clients, including individual investors, institutional investors (such as pension funds and endowments), and corporate clients. They may also work with financial advisors, who provide advice to clients on investment strategies and portfolio management.

Stockbrokers are typically employed by brokerage firms or banks and work in offices, although some may work remotely or have flexible schedules. They often work long hours and may be under a great deal of pressure to meet sales quotas and maintain their client base.

Education and Licensing Requirements

To become a stockbroker, you’ll need at least a bachelor’s degree in a related field such as finance, economics, or business administration. Many stockbrokers also hold advanced degrees, such as a Master of Business Administration (MBA).

In addition to education, stockbrokers must also meet licensing requirements. These requirements vary by state, but generally involve passing a series of exams administered by the Financial Industry Regulatory Authority (FINRA). The exams cover topics such as securities regulations, financial principles, and ethical standards.

Job Outlook

The job outlook for stockbrokers is mixed. On the one hand, the Bureau of Labor Statistics (BLS) projects that employment of securities, commodities, and financial services sales agents, which includes stockbrokers, will decline by 6% from 2019 to 2029. This decline is due in part to increasing competition from online brokerage firms and the growing use of automated investment platforms.

On the other hand, the BLS also notes that stockbrokers who are able to adapt to these changes and offer specialized knowledge and expertise may be in high demand. Stockbrokers who are able to build and maintain a large client base and who have strong communication and sales skills will also be well-positioned in the job market.


Stockbroker careers can be challenging but also highly rewarding for those who are up to the task. If you’re considering a career as a stockbroker, be sure to carefully research the education and licensing requirements, as well as the job outlook. With the right preparation and dedication, you can succeed in this competitive field.