Stock Broker Fresher Salary In Brokerage Companies In India 2015-2016

Stock Broker Fresher Salary In Brokerage Companies In India 2015-2016

Hi Guys, You can get all top Stock Broker Fresher Salary In Brokerage Companies In India 2015-2016 which pay top salary to freshers.

Who does Stock Broker do?

A stock broker is a person, who buys and sells shares on behalf of clients.
You don’t need any specialized course to become a stock broker. However, in India, there are some certificate level courses after passing your HSC (12th).Stock Broker Fresher Salary In Brokerage Companies In India
   The National Stock Exchange (NSE) of India offers NCFM courses, which are the most popular among such courses. NCFM means NSE’s Certification in Financial Markets. They have number of modules regarding equity markets, commodities, depositories, derivatives, and even bond markets. If you are serious about making your career in stock market, I will suggest you to pass at least two modules of them. You can find more information about these modules on nseindia.com . These courses are easy to clear and it can give you a good chance in getting selected as a stock broker if you have this courses on your resume.
Normally, you will start as a dealer. Dealer is the person who sits before the computer screen and takes orders from the clients. During the market hours (starting from 9 am till 4 pm on weekdays), he will execute orders from the clients. In the after-market hours (4 pm to the time of leaving office) he will complete back-office work and also acquire new clients. As you progress, you would become senior dealer, where you get more authority and probably more territories as well.

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Stockbroker Tasks

  1. Stock brokers buy and sell the securities of their clients.
  2. Manage client portfolio with care and integrity, ensuring that their financial well-being is protected.
  3. Maintain knowledge of all financial services the company offers and promote these services to the client.
  4. Analyze and interpret portfolios and assist in creation of strategies to meet financial goals of the client.
  5. Equity Analysts research the markets and made a platform for better financial investments.
  6. Stock Brokers also show their specialization with banks, mutual funds and insurance.
  7. Security analysts advise the companies on floatation of shares.
  8. Investment analysts make companies financial reports, study demand and supply factors, coordination with organization and management, assess profitability of companies.
  9. Offer services for individuals, private and institutional clients.
  10. He acts as an equity sale advisor. Also advise for investments and purchase of stocks.

Stock Broking Eligibility Criteria

To become a stockbroker, a bachelor’s degree in a related field such as finance or business is typically required. Relevant training – such as successful completion of Series 7, 63 and 65 classes – is needed as well. Stockbrokers must have good customer service and sales skills, as well as be able to use basic computer programs needed to perform the functions of their job. Financial managers with a Master of Business Administration (MBA in Financial Markets) degree would be preferred as they would have specialized knowledge of the field.

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Stock Broking Institutes

Here is a list of colleges in India offering stock broking courses:

  1. ICSI House, 22,Institutional Area Lodhi Road,New Delhi 110 003,
  2. Institute of Capital Market Development 1965, Arya Samaj Road, Karol Bagh, New Delhi-110005
  3. All India Centre For Capital Market Studies
  4. Byte Institute of Management Studies and Research, Nashik-422 005,
  5. Mumbai Stock Exchange Training Institute
  6. Institute of Financial and Investment Planning B/303, Ventex Vikas, M. V. Road, Andheri East, Mumbai,
  7. Institute of Chartered Financial Analysts of India Road No. 3, Banjara Hills, Hyderabad,
  8. The Orion Institute of Capital Market S- 11, Adarshini Plaza, 91, Adchini, Aurobindo Marg, New Delhi

Stock Brokers Salary

Your pay scale will be dependent upon your degree and your job performance. The basic pay of a dealer is quite low and can range between 2.5 – 3.5 lakhs per year in bigger cities. In smaller cities it can be below 1.5 lakh per annum. An important part of a dealer’s salary is bonus, which is dependent upon his performance. When market is in bull phase and when the dealer performs well, often the dealer will earn more through bonus than his regular salary. The bonus can be equal to the salary or sometimes even more than the salary.

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Employment opportunities for stock brokers are available at large broking firms, investment banks, mutual funds, investment consultancies, pension funds, and insurance companies. Having MBA with specialization in finance or other business disciplines will take you at the higher slab. To get a better remuneration and good salary package, the stockbrokers should get specialization in sale, marketing operation, HR and research. However, for the experienced stockbrokers, the sky is not the limit.

This is approximate pay scale for fresher’s which are offered in 2015-2016.

 

  1. Sharekhan Limited Stock Broker( Relationship Manager) Fresher Salary – 2.0 to 4.5 lakhs
  2. India Bulls Stock Broker( Relationship Manager) Fresher Salary – 2 to 5.5 lakhs
  3. Angel Broking Limited Stock Broker( Relationship Manager) Fresher Salary – 1.5 to 5 lakhs
  4. Reliance Money Stock Broker( Relationship Manager) Fresher Salary – 2 to 6 lakhs
  5. India Infoline Limited Stock Broker( Relationship Manager) Fresher Salary – 2 to 4 lakhs
  6. Kotak Securities Limited Stock Broker( Relationship Manager) Fresher Salary – 1.5 to 5.5 lakhs
  7. ICICI Direct Stock Broker( Relationship Manager) Fresher Salary – 2 to 9.5 lakhs
  8. Motilal Oswal Securities Stock Broker( Relationship Manager) Fresher Salary – 2 to 4 lakhs
  9. HDFC Securities Stock Broker( Relationship Manager) Fresher Salary – 2 to 7 lakhs
  10. Bajaj Capital Stock Broker( Relationship Manager) Fresher Salary – 1.5 to 9.5 lakhs
  11. Aditya Birla Money Stock Broker( Relationship Manager) Fresher Salary – 2.5 to 12 lakhs
  12. SMC Global Securities Limited Stock Broker( Relationship Manager) Fresher Salary – 18 to 23 lakhs
  13. Geojit BNP Paribas Stock Broker( Relationship Manager) Fresher Salary – 2 to 8 lakhs
  14. SBICAP Securities Stock Broker( Relationship Manager) Fresher Salary – 2 to 4 lakhs
  15. Karvy Stock Broking Limited Stock Broker( Relationship Manager) Fresher Salary – 2 to 4 lakhs
  16. Anand Rathi Securities Limited Stock Broker( Relationship Manager) Fresher Salary – 2 to 4 lakhs
  17. Bonanza Online Stock Broker( Relationship Manager) Fresher Salary – 2 to 4 lakhs
  18. IL & FS Investment Limited Stock Broker( Relationship Manager) Fresher Salary – 2.5 to 6 lakhs
  19. RKSV Stock Broker( Relationship Manager) Fresher Salary – 2 to 4 lakhs
  20. ZerodhaStock Broker( Relationship Manager) Fresher Salary – 2 to 6 lakhs

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