Stock Broker Qualifications: Eligibility, Skills, Salary 2023

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Ahana Bhaduri

Senior Content Specialist

A stock market is a gathering place for buyers and sellers of stocks. In other terms, it is a market where publicly traded corporations' shares are traded. The stock exchange can be thought of as a location, organization, or institution where stockbrokers and traders can trade assets such as stocks and other financial instruments if they are listed on the exchange.

In order to become a stockbroker, there are no specific requirements for educational qualification in this field but, there are certain courses such as BBA Finance, Post Graduate Program in Security Analysis, Executive MBA in Financial Markets which come with coursework that benefits in the field.There are no experience requirements as such but candidates learn about the field and market with experience and knowledge.

Students can pursue various Stock Broking courses from some of the top Stock Broking colleges in India such as Mumbai University, RA Podar College of Commerce & Economics etc. A stockbroker can earn anywhere between INR 3 LPA to INR 7 LPA.

Who is a Stock Broker?

  • Stockbrokers participate in the market by buying and selling stocks on behalf of their clients. 
  • They keep in frequent contact with their clients, keeping them informed about market swings and advising them on when and how to buy and sell. 
  • Simultaneously, stockbrokers ensure that their stock dealing firm generates the most profit in the long run. You can work as a full-service broker (for example, with ICICI Direct or Sharekhan) or a discount broker (for example, with ICICI Direct or Sharekhan). 
  • With India's market continually developing, it's clear that people who deal in market shares will have fulfilling professions with plenty of room for advancement. A job in the stock market could be a fantastic choice.

Stock Broker Qualification

  • To become a stockbroker, you must have a bachelor's degree and at least two years of experience working in a stock brokerage firm. 
  • To be eligible for his employment, a sub-broker (the prior stage of being a broker) must have completed the 12th grade. The minimum age is 21 years old. This is a fully integrated company. 
  • Stockbroking jobs aren't the only ones available in this area. The stock market necessitates the expertise and abilities of specialists from numerous sectors, ranging from economists who understand the ins and outs of the market to financial planners who can provide you with sound stock guidance. You can also work as a financial manager, an analyst, or a market specialist.

Certificate Course

Top Courses Duration Average Fees (INR)
NSE's Certification in Financial Markets 2 Months 25,000
NSE's Certified Market Professional 7 Months 20,000
Certificate Programme on Capital Markets (BSE) 70 Days 18,000

Eligibility Criteria

To be considered for admission to the Certificate Course in Stock Market, applicants must meet the following requirements.

  • Students must pass their 10+2 Standard or equivalent with a grade of at least 60%.
  • Students must get a minimal education from an accredited college or board.

Admission Process

The following are some of the most crucial factors to consider while applying for admission to an excellent Stock Market college.

  • Academic performance is the first criterion. If you want to enroll in a top Stock Market college, you must achieve a high percentage of marks in your graduation or 10+2 year.
  • The majority of Indian institutions offer this program through a direct or merit-based admissions process. If you choose a college that accepts applicants through an entrance exam, be sure to study thoroughly for the exam. Make an effort to begin studying at least a year before the exam.
  • Before choosing a college, make sure that the college has enough trained staff to teach the subject. The stock market is a complex subject that necessitates a great deal of knowledge.
  • Please check to see if the college has outstanding teaching quality and student placement cells. On the Indian Stock Market, an ideal Stock Market organization should give both theoretical and practical support.

Diploma and PG Diploma

Top Courses Duration Average Fees
Post Graduate Certificate Programme in Financial Services (PGCP-FS) 11 Months 33,000
Post Graduate Certification Programme in Financial Markets 11 Months 3,31,000
Post Graduate Diploma in Financial Markets with Sri University 1 Year 3,19,000

Eligibility Criteria

  • A Bachelor's degree from a recognized institution or college in any discipline with a minimum grade point average of 50% or an equivalent CGPA score.
  • Students from the SC, ST, and PWD communities receive a 5% discount.
  • Candidates in their last year are still eligible to apply, however, their acceptance will be conditional on their final grades.

Admission Process

  • Choose the colleges you wish to apply to and prepare for their admission tests. Fill up an application for one of these entrance tests. It is strongly advised that you take the CAT, as CAT scores are taken into account by practically all colleges.
  • It is necessary to study for and take the MBA entrance exam. The student must be properly prepared because the outcomes of this test will determine which college he or she will attend.
  • Students are shortlisted for institutions depending on their admission exam results. To advance to the next round of the admissions process, the college will produce a cut-off list, which you must meet.
  • To examine a candidate's competence and abilities, colleges use Group Discussion (GD), Written Ability Test (WAT), and Personal Interview (PI).

Undergraduate Courses

Top Courses Duration Average Fees
BBA Finance 3 Years 1,00,000 - 3,00,000

Eligibility Criteria

Applicants must meet the following prerequisites to be considered for admission to the BBA in Finance:

  • Candidates with a 10+2 diploma will be admitted to the Bachelor of Business Administration in Finance program.
  • Students must score a minimum of 50% in their 10+2 classes to be admitted to most institutes.
  • For some institutes, the percentage requirements are as high as 60%.

Admission Process

The majority of admissions are made on the basis of an entrance exam. This course's application procedure is explained below -

  • To be admitted to the Bachelor of Business Administration in Finance program, students must pass the 10+2 class with a minimum of 50%. From one university to the next, the percentage required for admission may fluctuate.
  • Some colleges admit students to the BBA in Finance degree simply on the basis of their 10+2 grades, while others need a joint entrance exam.
  • Applicants are admitted exclusively on the basis of their entrance exam merit after the examination merit list is prepared.


Postgraduate Courses

Top Courses Duration Average Fees
Post Graduate Program in Security Analysis 2 Years 1,59,000
Executive MBA in Financial Markets 2 Years 4 - 15 Lakh

Eligibility Criteria

  • A Bachelor's degree from a recognized institution or college in any discipline with a minimum grade point average of 50% or an equivalent CGPA score.
  • Students from the SC, ST, and PWD communities receive a 5% discount.
  • Candidates in their last year are still eligible to apply, however, their acceptance will be conditional on their final grades.

Admission Process

  • Choose the colleges you wish to apply to and prepare for their admission tests. Fill up an application for one of these entrance tests. It is strongly advised that you take the CAT, as CAT scores are taken into account by practically all colleges.
  • It is necessary to study for and take the MBA entrance exam. The student must be properly prepared because the outcomes of this test will determine which college he or she will attend.
  • Students are shortlisted for institutions depending on their admission exam results. To advance to the next round of the admissions process, the college will produce a cut-off list, which you must meet.
  • To examine a candidate's competence and abilities, colleges use Group Discussion (GD), Written Ability Test (WAT), and Personal Interview (PI).

Skills Required to Become a Stock Broker

Analytical Skill Research Skills Ability to sell
Record Maintenance Patience and Discipline IT and maths skills
Strong decision-making skills Negotiation skills Knowledge of economics and accounting

Average Salary of a Stock Broker

  • A stockbroker's remuneration is mostly determined by their qualifications and performance. The initial compensation ranges from INR 2 to 3 lakh per year. 
  • With applicable experience, a remuneration of INR 5 to 7 lakh per annum is possible. In addition, depending on the brokerage business, they may receive a bonus and compensation based on performance.
  • Doing business in stockbroking has a lot of potential. There are several job openings for individuals who are qualified to handle this business and possess the requisite personality attributes to succeed in it.

Experience Wise

Job Profile Freshers Salary Experienced Professional Salary
Sub Broker INR 1-3 lacs (approx.) INR 4-6 lacs (approx.)
Stockbroker INR 2-3 lacs (approx.) INR 5-7 lacs (approx.)

Specialization/Course Wise

Specialization Salary
Selling Agents INR 3,00,000
Buying Agents INR 3,00,000
Real Estate Consultant INR 3,25,000
Commercial Broker INR 3,50,000
Mortgage Specialist INR 4,00,000
Brokers INR 4,50,000

Stock Broker Qualifications: FAQs

Ques. Do stockbrokers make good money?

Ans. Top stockbrokers and financial sales people earn above $208,000 each year. As a stockbroker, you can make a decent living. According to the US Bureau of Labor Statistics, the median pay for stockbrokers and other sales agents that offer securities, commodities, and other financial services was $63,780 in 2017.

Ques. Is a stock broker a dying career?

Ans. Stockbrokers are no longer in demand and are rapidly becoming extinct. Thanks to the internet, automation, and passive investing, investors may now do what stockbrokers used to do.

Ques. Can brokers make millions?

Ans. The ordinary stockbroker does not make millions of dollars as we often believe. In fact, some traders lose a significant amount of money as a result of their trading operations. The majority of businesses give their employees a base salary plus a commission on their trades.

Ques. Is it hard being a stockbroker?

Ans. "Becoming a stockbroker is not as difficult as one may think," says Josh Simpson of Lake Advisory Group in Lady Lake, Florida. All you need is a bachelor's degree and the ability to pass the Financial Industry Regulatory Authority (FINRA), your state, and your employer's licensure examinations.

Ques. Can a career as a stockbroker be beneficial in recent times?

Ans. With India's market expanding, it's evident that market share traders will have rewarding jobs with plenty of room for promotion. A career in the stock market could be an excellent choice.

Ques. Do stockbrokers cheat investors?

Ans. Stockbroker fraud has been responsible for some of the largest financial frauds in history. Unfortunately, the answer is a resounding "yes," but there are protocols in place to make unethical brokering difficult and expensive.

Ques. What are the duties of a stockbroker daily?

Ans. A stockbroker is a registered financial market representative who facilitates the purchase and sale of securities on behalf of financial institutions, investor clients, and businesses.A stockbroker's main responsibility is to collect and execute buy and sell orders.

Ques. Is it stressful to work as a stockbroker?

Ans. Stockbrokers are obliged to make quick decisions that directly affect others ′ finances and fortune, which is often regarded as a difficult job. According to Tony Lee, the stock market is a stressful environment for brokers, who are "constantly afraid about missing opportunities."

Ques. What is the average time it takes to become a stockbroker?

Ans. A bachelor's degree is required to become a stockbroker, which takes at least four years. To improve their credentials, some stockbrokers may get a master's degree in business administration.

Ques. Is it possible to work as a stockbroker without a degree?

Ans. Although there are no precise educational requirements for becoming a stockbroker, many firms do insist on a college diploma. To work as a stockbroker, you must pass the Series 7 and Series 63 tests. Many brokers' ultimate goal is to develop a customer, which is their book of business.

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