A stock broker is a regulated professional person who usually works with a broker-dealer or brokerage firm. Buying and selling securities such as stocks for institutional and retail clients is what stock broker jobs entail most of their working day. They sell the stocks and other securities over the counter or through a stock exchange and in return they receive a commission or fee.
When looking at stock market jobs there are two major jobs that you can consider. You could work as a full-service broker or a discount broker. When working as a full-service stock broker you will not only facilitate trades on behalf of the investors but also provide investment advice on opportunities. They do this for a fee. A discount-broker is more focused on the service of facilitating the orders as they are placed my small and large investors without giving any additional advice. The key difference between the two major jobs include the level of support that they provide to clients along with the fees that brokerage firms generate
You can find both of these stock market jobs when you work at a discount brokerage house. If not there then you can find these jobs at brokerage houses and financial institutions like investment banks that have a brokerage division. You can also find employment at any employer that influences a stock broker job. If you speak more than one language, you may have a bilingual stock broker job.
Full-service stock broker
These stock market jobs can be found at large financial institutions where the revenues are generated from business lines like brokerage lines. The professionals who work as a full-service stock broker have a hands-on approach with their clients. This means that they will provide advice that will help their investors reach their desired financial goals based on their investment decisions. They also perform, on behalf of their clients, buy-and-sell orders. The brokerage fees are most often based on volume. Being a full-service broker could earn commissions that are worth a percentage of each trade they make.
These stock market jobs can be found at any online brokerage firms. They are professionals who will usually not offer as many services when you compare them with the services that a full-service stock broker will. When they perform trades for their clients, they often do it for a lower cost. Some discount brokers also meet with their clients in various locations even though much of all their investment activity is done online. Some will even provide service over the telephone. Usually they receive a salary and may not be commission based.