Planit


Stockbroker

Job Profile Image

Stockbrokers advise individuals, companies and other organisations on their financial investments. They buy and sell stocks and shares or other assets on the stock exchange to make a profit for those clients.

The Work

You could be:

Pay

The figures below are only a guide. Most of the income of stockbrokers comes not from their salaries but from their bonuses which depend on both the profitability of the firm and the individual success of the stockbroker. Actual incomes therefore vary widely, depending on:

The average basic starting salary for a stockbroker is between £18,000 to £25,000 a year, plus performance bonus.

A qualified and experienced stockbroker might earn between £40,000 and £70,000 a year. A very successful stockbroker can earn well over £100,000 a year. Bonuses earned can be significant.

Conditions

Workforce Employment Status

LMI data powered by LMI for All

Getting In

You would probably work for a firm of stockbrokers, an investment bank or a private bank. Most jobs are in London, but in Scotland there are some opportunities in Glasgow and Edinburgh. Vacancies are advertised in financial journals and recruitment websites. There is great competition for jobs and it is helpful to make speculative applications.

Workforce Education Levels (UK)

LMI data powered by EMSI UK

Job Outlook Scotland

Employment

Unemployment

Percentage of workforce registered as unemployed (Scotland)

LMI data powered by EMSI UK

Job Outlook Scotland and UK

  Scotland
2018
1738
1.3 %
FALL
2023
1716
  United Kingdom
2018
40577
1.9 %
RISE
2023
41335

LMI data powered by EMSI UK

What Does it Take?

You need to have:

You need to be able to:

Training

Getting On

Contacts

The following organisations may be able to provide further information.

Chartered Financial Analysts Society of the UK (CFA UK)
Tel: 020 7648 6200
E-mail: info@cfauk.org
Website: http://www.cfauk.org
Twitter: @cfauk

Chartered Institute for Securities and Investment (CISI)
Tel: 020 7645 0600
E-mail: customersupport@cisi.org
Website: http://www.cisi.org
Twitter: @CISI

Financial Conduct Authority (FCA)
Tel: 0800 111 6768
Website: http://www.fca.org.uk
Twitter: @TheFCA

The FCA is the regulatory authority for the financial services industry in the UK. Their aim is to protect consumers, ensure the industry remains stable and promote healthy competition between financial services providers.

Scottish Investment Operations (SIO)
Website: http://www.sio.org.uk

SIO is a professional body working on behalf of Scotland's investment industry. They produce a free, downloadable career information booklet called 'Growing Careers in Investments'. They also list vacancies on their web site.

Was this article useful?
Please help us improve Planit by rating this article.