Sharechat Logo

What education is needed to become a stockbroker?

Thursday 24th January 2002

Text too small?
Q: What education is needed to become a stockbroker?

A: I've cheated and cut this straight from the Education section of the ShareChat site.

"All brokers need to holder a licence obtainable from the District Court. To become a member of the NZSE you have to have at least six months experience working in the office of a broker who is a member of the NZSE and to have sat at least two exams as set by the Board of the NZSE. The exams are run by the Securities Institute of Australia and can be sat by correspondence. If you have a degree in Finance, Economics or Accounting you can get some of your papers cross credited but will still have to sit a minimum of two exams. For more information contact the NZSE who will send you outlines, dates and enrolment forms for courses. Phone the NZSE on 04 472-7599 for more information".

It depends exactly what you want to do. If you want to trade on the NZSE you will need these exams. You could trade debt or FX for a bank if you wanted be a trader and they would be more likely to consider a candidate who had a degree in maths, economics or finance.

There are a total of 6 papers you can sit through the Securities Institute of Australia (SIA) that are prescribed by the board of the NZSE that will earn you a diploma in Sharebroking. You can also sit course through the SIA on financial planning which would also be helpful.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Where can I find historical market data?
I have been offered a great share deal from someone in Bangkok - what should I do?
Where can I find historical market data?
How do I buy shares as a gift?
How does one list a company?