A stockbroker may earn a ceiling salary of $100,000 per annum. You have to understand that the mentioned $100,000 can be earned if you have been in the industry for a very long time, thus implying that you have learned how to deal with people and be persevering enough to look for people to make transactions with. The entry salary for a stockbroker is $20,000 per annum; compared to the salaries of other jobs it is reasonable because you must remember that it is only an entry salary.
Take Qualifying Examinations
If you are already decided to become a stockbroker in Idaho, then at this point in time you should be more than willing to undergo certain procedures because it goes without saying that stock brokerage is a profession that requires a license. So, here’s what you need to accomplish:
The Series 7 and Series 63/66 exams are what you need to take and pass in order to be licensed. Series 7 is required for all aspirants, while it would depend on the brokerage firm you wish to work for whether they would require the Series 63 or the Series 66 exams.
You have to recognize that successful stockbrokers are those that have established their credibility. It means that as soon as you get a license to solicit clients in Idaho, you must start right away! Establish a good track record, for only that, will make you attractive to prospective clients.
If you are wondering why this is not the first step, you have to know that this part is optional. Formal education is not required, but throughout the years, the field has become more and more competitive. Now, brokerage firms very rarely take in brokers who have not graduated at least on the college level. To help you find a good university in Idaho, here are two recommendations:
Recommended Colleges in Idaho
- University of Phoenix – The University of Phoenix can be located at Meridian. You can get your associate degree, bachelor’s degree, master’s degree, MACC degree and MBA degree here. They offer accounting, administration, entrepreneurship, hospitality management, human resources management, IT management, marketing and music/entertainment/sports management. They also offer some of their courses online to cater to those who cannot appear physically in classes due to certain reasons.
- Idaho State University – The Idaho State University can be found in Pocatello. They offer the following levels of educational attainment: an associate degree, a bachelor’s degree, a certificate, a master’s degree and an MBA degree. They offer courses like accounting, administration, entrepreneurship, human resources management, IT management and marketing. They have a lot to offer to students who want to study here.
So remember: take the required exams, establish your name, and be ahead of your competition by having an extensive education from a good university! Then, you’re off to becoming a successful stockbroker in the State of Idaho.