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 (10+2). 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 modules regarding equity markets, derivatives, commodities, depositories and even bond markets. If you are serious about making career in stock market, I would suggest you to pass at least two modules of them. You can find more information about the 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.
Typically, 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 (9 am to approx 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.
Your pay scale will be dependent upon your qualification and your job performance. I also have a warning for you. The basic pay of a dealer is quite low and can range between 2 – 3 lakh per year in bigger cities. In smaller cities it can be below 1 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.
To get good list of top brokers in India, please visit 10 top stock broker in India.