The profession of a broker includes many activities. In particular, specialists can act as an intermediary between the seller and the buyer on the stock exchange. For the performance of these duties, the broker charges a commission, which is calculated as a certain percentage of the amount of the transaction. Let's find out more about the representatives of such activities.
Description
The profession of a broker, as mentioned above, includes a wide range of responsibilities. Representatives of the specialty can work not only in the stock market, but also in the foreign exchange, mortgage, insurance. Clients of the broker can become individuals or legal entities.
The profession of a broker obliges a specialist to monitor the change in the exchange rate of securities or currencies and make transactions in successful periods. It must be said that clients use money to complete transactions. Therefore, brokers often have to risk large amounts that do not belong to them. However, the result of successful transactions are impressive fees, which, as a rule, are not fixed, but are calculated as a percentage of the transaction. Accordingly, the larger the contract amount, the higher the broker's income level. Also, the number of customers affects the amount of profit received. The more of them, the more transactions you manage to complete.
Answering the question when the profession of broker appeared, it cannot be said that this happened a long time ago. This specialty is relatively new, since its appearance is associated with the development of the securities market and real estate in particular.
Activities
Turning to the services of professionals, potential customers can get a range of services.
The profession of a broker includes several types of activities, according to which these specialists are classified.
- Exchange.
- Insurance.
- Mortgage.
The profession of customs broker involves serving private customers. Why hire such a specialist? In order for him to settle all the issues that arise with the customs authorities.
Freight. Carry out transactions with goods that are transported thanks to sea traffic.
Stock brokers
Conduct various transactions in the securities markets. They are mandatory intermediaries between the stock exchange and the client, as the legislation does not allow individuals to participate in tenders. The essence of the activity is that the broker must purchase shares at the lowest price, and sell, on the contrary, at the highest. The difference will be his profit.
Insurance brokers
As the name implies, these specialists work in the relevant field. In this case, they become intermediaries between customers and specialized companies that provide insurance products. The task of the specialist representing the interests of the client is to choose the most advantageous offer for him.
Mortgage brokers
This is a relatively new area in the field of brokerage. The deals involved a few more participants. This is not only a buyer and seller of real estate, but also a bank that issues a loan. A broker who makes real estate transactions can also be called a realtor. Often his task is to purchase an object at a low price, and sell it at a higher price, making the difference its own profit.
Where to study?
The profession of a broker raises many questions. In particular, it is not always clear to potential applicants what specialty they need to study in. Let's dwell on this issue in more detail.
So, it’s worth saying right away that, as a rule, specialized faculties for training future brokers do not exist. That is why future specialists during training have to master related areas. For the same reason, the question arises: is a broker a profession or a specialty? Given the fact that such a trend is absent in educational institutions, this activity can be called a profession. Moreover, as a rule, one has to master its subtleties in practice.
Those who are interested in the profession of broker, master the following specialties:
- Economy.
- Management.
- Finance.
- Control.
- Law.
- Customs business.
The specialty, which is called "examination and real estate management", will suit future mortgage brokers.
Having mastered one of the areas, it is possible in the future to become a professional broker. However, you need to be prepared for the fact that some of the subtleties of the specialty still have to be mastered in practice.
Universities, colleges, courses
A considerable number of educational institutions offer applicants training in the specialties mentioned above. For example, Russian Economic University. G.V. Plekhanov, or rather his Faculty of Economics.
Among the proposals, it is not difficult to find various universities, as well as secondary special educational institutions.
In addition, you can learn the profession of a broker in courses. This is the fastest option to get the desired specialty.
However, it must be understood that having theoretical training alone may not be enough. As a rule, upscale brokers become after several years of practice. Inexperienced specialists can make mistakes, but it is their overcoming that forms the character and turns newcomers into true professionals.
Exams
Another issue is no less relevant for potential applicants. What do I need to rent for a profession broker?
After all, as you know, preparation for admission must begin in advance.
As a rule, future brokers require successful passing entrance examinations in the Russian language, social studies, and also mathematics.
Career
Despite the fact that brokerage companies, as a rule, do not have a clear hierarchy, this does not negate the possibility of career growth. Gradually, you can "grow" to the head of the department or even take a vacancy as a director of the company.
However, you must understand that in order to achieve such career heights, you will have to establish yourself as a highly skilled specialist.
Such qualities as responsibility, sociability, decisiveness, as well as the ability to competently organize their own activities, even with a large number of planned actions, are especially appreciated.
Of course, to build a career, it is important for a broker to be ambitious, show confidence and improve in the profession.
If we are talking about a private specialist, and not an employee, reputation is of great importance. The broker manages to make larger transactions, thus increasing his own profit.
Further career growth may lead to retraining as traders. That is, in fact, the broker will begin to use not his own, but his own funds, making transactions on the stock exchange and receiving income in this way.
Advantages and disadvantages
Any profession combines both that, and another. A broker is no exception. He should act on the side of his own client, representing his interests and creating conditions for the most profitable transaction. In this case, the specialist is assigned legal responsibility. That is why he begins to fulfill his duties only after the conclusion of an agreement that protects the interests of both parties and avoids possible disagreements.
Advantages of the profession:
- High pay. This is especially true for those brokers who receive a certain percentage of the transaction and operate in large amounts.
- The opportunity to make acquaintances with wealthy people.
- Availability of choice. The broker can become a private specialist or get a job in a staff of a specialized company.
- The presence of career growth and, accordingly, an increase in income.
Disadvantages of the profession:
- Instability, which is associated with the features of payment. If the broker works for a percentage, then in the absence of transactions, he will not receive income.
- Irregular schedule. The broker has to adapt to the schedule of his clients.
- Constant changes in legislation need to be monitored.
Now you know the features of the broker profession. This will allow you to decide whether it is worth mastering this area or is it better to find an alternative specialty that will attract you more with working conditions and other features. However, if such a profession still attracts you, nothing prevents you from mastering it. Now you know in what institutions you can get the specialty presented in the article. However, it is important to master not only theory, but also practice.