Best Colleges and Degrees For Stock Brokers - Zippia (2024)

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Best Colleges and Degrees For Stock Brokers - Zippia? ›

Pursuing a degree in business, finance, economics, accounting, or marketing can be beneficial. Certifications such as Certified Professional, Life and Health Insurance Program, Chartered Financial Analyst, and Certified Economic Developer can also be advantageous.

What Types of Degrees Should I Earn to Become a Stock Broker? Ideally, a prospective stock broker will earn a bachelor's degree in business or a finance-related discipline such as accounting, economics, finance, business administration, marketing, management, or a similar degree.

For a career in stock trading, consider pursuing a Bachelor's degree in Finance, Economics, or Business. These disciplines provide a solid foundation in financial markets, investment strategies, and economic principles.

To become a stockbroker, obtain a bachelor's degree in business, economics, finance, accounting or other related areas, complete an internship, gain sponsorship from a Financial Industry Regulatory Authority (FINRA) firm and pass the licensing General Securities Representative Exam.

Best majors for brokers

According to the data, the best college majors for a broker are business, finance, and marketing. These majors cover important topics such as real estate fundamentals, real estate law, and mortgage financing.

No specific major is required in this role. Because the field involves a deep understanding of financial principles, laws and regulations, many aspiring traders will seek a major in business administration, finance, economics or even accounting to prepare for a career in this field.

A degree is not required to become a stock trader, but it will help give you necessary skills within the field.

It takes at least four years to earn a bachelor's degree to become a stockbroker. Some stockbrokers may choose to earn their master's in business administration to enhance their credentials.

Stockbrokers get paid more than most workers. Estimates of the median combined salaries and commissions received by people who sell stocks and other securities to investors range from $62,910 to $149,664 a year.

Most stock broker positions only require that applicants have the necessary licenses to buy and sell stocks. However, some positions may require prior work experience, so those without a degree may need to begin their careers as stock broker trainees or interns.

How do brokers make so much money? ›

Generally, brokerages make money by charging various fees and commissions on transactions they facilitate and services they provide. The online broker who offers free stock trades receives fees for other services, plus fees from the exchanges.

A degree in finance prepares students for graduate studies in finance and careers in consulting, investment advising, regulation compliance, and banking. In addition to the mechanics of finance, the degree explores how finance can improve society.

What Degrees Can Get You a Job on Wall Street? Typically, you'll need at least a bachelor's degree in a business or math-related major to work on Wall Street. Such majors include finance, business management, economics, accounting, statistics, mathematics, or even computer science.