stock market careers2

So You Want a Career in the Stock Market?

Wikimedia/NewYork1

There are a few skills you’ll need:

You’ll need to be good with numbers…

… and be willing to work long hours.Wikimedia/deerstop Flickr/star5112

You need to always stay current with market happenings...

...and a good education won’t hurt!

Wikimedia/Luis Villa del Campo Wikimedia/Kit

But which job is

right for you?

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Position Education Requiremen

ts

Main Role Interact With…

Financial Advisor

Low Trading Individual clients

Trader Low Trading Own companyQuantitative Analyst

High Modeling Own company

Investment Banker

High Advising External entities

Financial Analyst

Medium Reporting Investing public

Financial advisors need strong people skills to seek new customers and follow up on leads.

What do employers look for in a Financial Advisor?

(From actual job postings)• Series 7 & 63 registration required in addition to meeting

FINRA continuing education requirements, Series 65 or 66 registration required and the appropriate state Group 1 - Life and Variable Annuity License required

• At least two years of customer-facing investment, insurance, and financial planning experience required (phone-based sales a plus)

• Track record that demonstrates exceptional ability to grow revenue, assets and client base

• Excellent communication and organizational skills• High achiever with entrepreneurial spirit• Bachelor's degree preferred

Position Education Requiremen

ts

Main Role Interact With…

Financial Advisor

Low Trading Individual clients

Trader Low Trading Own companyQuantitative Analyst

High Modeling Own company

Investment Banker

High Advising External entities

Financial Analyst

Medium Reporting Investing public

Traders are focused on buying and selling stocks for their own company, NOT external clients.

What do employers look for in a Trader?(From actual job ads)

• Bachelor’s degree with 3-5 years of relevant trading experience preferred

• MBA, MS, or CFA preferred• Strong communication skills to communicate market

color and investment strategies to portfolio manager, analysts, and traders

• Ability to work as part of a team• Strong quantitative, analytical and organizational skills• Ability to work with precision under pressure• Attention to detail• Self motivated

Position Education Requiremen

ts

Main Role Interact With…

Financial Advisor

Low Trading Individual clients

Trader Low Trading Own companyQuantitative Analyst

High Modeling Own company

Investment Banker

High Advising External entities

Financial Analyst

Medium Reporting Investing public

“Quants” use mathematical models and programming to solve financial and risk-management problems.

What do employers look for in a “Quant”?

(From actual job ads)• Must have 3+ years of general experience in

quantitative financial engineering / data analysis / modeling

• In depth understanding of products, market conventions, and risk management on equities and/or fixed income.

• Ability to handle large set of data and data with bad quality.

• Exceptionally strong mathematical background, especially in probability theory, stochastic processes, time series, and PDE’s.

• Excellent communication and presentation skills.• Strong programming skills in SQL and C++.• Master’s degree in financial engineering or Ph.D in a

quantitative discipline

Position Education Requiremen

ts

Main Role Interact With…

Financial Advisor

Low Trading Individual clients

Trader Low Trading Own companyQuantitative Analyst

High Modeling Own company

Investment Banker

High Advising External entities

Financial Analyst

Medium Reporting Investing public

Investment bankers provide analysis and advising to companies, governments, and other entities.

What do employers look for in an Investment Banker?(From actual job ads)

• Knowledge and preferably experience of Investment Banking (M&A, ECM, DCM), and/or Global Trade and Loan products, ideally from an audit or risk perspective.

• The ability to work effectively within a team.• Strong analytical skills particularly in regard to assessing

the probability and impact of a control weakness.• Excellent verbal and written communication skills, with the

ability to present complex and sensitive issues to management in a persuasive manner.

• Proven ability to multitask as well as assess and change priorities.

• Ability to work well individually, and in teams, share information, support colleagues and encourage participation

Position Education Requiremen

ts

Main Role Interact With…

Financial Advisor

Low Trading Individual clients

Trader Low Trading Own companyQuantitative Analyst

High Modeling Own company

Investment Banker

High Advising External entities

Financial Analyst

Medium Reporting Investing public

Analysts research stocks and produce reports that offer buy or sell recommendations for clients.

What do employers look for in an Analyst?

(From actual job ads)• Bachelor's degree in Finance/Accounting/Economics• Advanced/expert MS Excel skills (vlookups, filters, pivot

tables, etc.)• Solid MS Access skills (creating databases, tables, and

queries)• Strong communication skills• Strong organizational skills• Strong attention to detail• Ability to produce accurate and timely work• Ability to prioritize, multitask and demonstrate flexibility• Ability to set and meet deadlines• Able to work independently as well as part of team• Ability to research issues, find the root causes, and make

recommendations to resolve issues

Starting a career in the stock market can be hard

work!

But the payoff can be huge…

But the payoff can be huge!

• According to glassdoor.com, some of these careers can be quite lucrative• The top 10% of financial advisors

earn more than $166,000• The average quant or investment

banker makes about $100,000 per year• The top traders can earn millions of

dollars per year!

Do you have

what it takes?

The future of the banking industry

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