Being a stockbroker is a highly rewarding career especially financially, which accounts for the number of people who enter the industry every year. So if you are an aspiring stockbroker, you have to be highly competent and also focused. Since there are different qualifications for stockbrokers in different states, the advice is for you to specialize in just one state. Here are the things you need to do in order to become a successful stockbroker in the state of Louisiana:
Take Qualifying Examinations
Be acquainted with other stockbrokers in Louisiana, and make sure you also have a wide network of contacts in the state. Remember that your list of contacts become your list of prospective clients, so give yourself a good place to start.
There are examinations you have to take and pass so you could be licensed to solicit clients in Louisiana. First would be the Series 7 examinations. Another would be either the Series 63 or the Series 66 exam, depending on the requirement of the firm you are trying to join.
Remember that your Louisiana license limits your clientele to the Louisiana area. So you have to maintain your good image so that you could attract more clients. One good way to have an attractive profile is to have a good college education. Here are our recommended universities you could enrol in if you are based in Louisiana.
Stockbrokers who have spent so many years in the stockbroker industry would say to you that you do not need any formal schooling to succeed in this kind of career. While that is true enough, you cannot discount the benefits that one could possibly get from getting a college diploma. It increases your credibility as a stockbroker and at the same time, you are able to learn more related knowledge that will help you become a better stockbroker. Look into these schools if you have decided to consider the idea.
Recommended Colleges in Louisiana
- University of Phoenix – The University of Phoenix in Louisiana is found in Baton Rouge, Bossier City, Lafayette and Metairie. You can get your associate degree, bachelor’s degree, doctoral degree, master’s degree, MACC degree and MBA degree here. The courses that you can take here are accounting, administration, entrepreneurship, hospitality management, human resources management, IT management, marketing, music/entertainment/sports management and public administration. Some of their programs are offered online.
- Louisiana State University – The Louisiana State University is located in Baton Rouge. You can obtain your bachelor’s degree, doctoral degree, master’s degree, MACC degree and MBA degree in this university. They offer a lot of courses as well that could cater to your needs and preferences like accounting, administration, advertising, agribusiness, entrepreneurship, human resources management, international business, marketing, music/entertainment/sports management and real estate.
So remember what you have to accomplish to become a successful stockbroker in Louisiana: (1.) Know your territory, (2.) Get licensed, (3.) Solicit clients, and (4.) consider getting a college diploma from our recommended universities above.