Leading Companies & Markets
Stockbrokers can find employment with institutional, corporate or private clients. You may decide to work within a financial institution, such as a stockbroking or investment management company. If you choose to work for private investors, then your job title may change to be private client stockbroker, or perhaps an investment or wealth manager.
Your work can be viewed as similar to that of a trader however as a stockbroker, you will have more direct contact with clients. Some of the better known stockbroking firms include ABN AMRO, Bell Potter Securities Ltd, Credit Suisse, Goldman Sachs JBWere, Ord Minnett and UBS Warburg although there are numerous smaller firms who offer service excellence.
As a stockbroker, you have the opportunity to become a member of the Financial Services Institute of Australasia. This is the only professional association that represents the entire financial services sector throughout Australia and New Zealand. They offer career support and development programs, and a united voice for all workers in the financial services.
Environment and Culture of the workplace
For the most part, stockbrokers are based in offices and open dealing rooms, following a standard fulltime week. However, you may be expected to leave the office to meet with clients. You will be in regular contact with computers as you follow the stock market and undertake buying and selling for your clients.
You will have a strong and continuous awareness of what’s happening in the stock market, and so your work may follow you home with financial news and updates. You will be required to read newspapers, company reports, announcements, and reports written by stock market analysts and strategists. This is a fast paced culture where major financial deals are written and large amounts of money are either made or lost.
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