How to Become a Discount Brokerage Sales Representative
Step 1: Understand the job description and responsibilities of a Discount Brokerage Sales Representative
What does a Discount Brokerage Sales Representative do?
A Discount Brokerage Sales Representative is responsible for the timely buying and selling of securities for clients at discounted commissions. Ensures accuracy of transactions and keeps abreast of market conditions. Being a Discount Brokerage Sales Representative typically does not make investment recommendations unless client holds advised account or other fee-based product. Requires a bachelor's degree in area of specialty or in a related area and may require state licensure. Additionally, Discount Brokerage Sales Representative requires NASD series 7 license. Typically reports to a manager or head of a unit/department. The Discount Brokerage Sales Representative occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Discount Brokerage Sales Representative typically requires 2 -4 years of related experience.
A discount brokerage sales representative can also be referred to as a discount brokerage sales officer.
Bureau of Labor Statistics, brokerage sales officers connect buyers and sellers in financial markets.
A discount brokerage sales representative is specifically responsible for the buying and selling of securities in a timely manner and at a discounted commission.
A discount brokerage sales officer does not usually make investment recommendations.
A successful candidate for discount brokerage sales representative or officer will routinely report to the sales manager or head of the department.
Step 2: Learn best tips to become a Discount Brokerage Sales Representative
Best tips for those who want to become a Discount Brokerage Sales Representative
Here are some tips to become a Discount Brokerage Sales Representative.
Step 3: View best colleges and universities for Discount Brokerage Sales Representative
Best colleges and universities for Discount Brokerage Sales Representative
- Florida Southern College
- Colby College
- Dartmouth College
- University of Notre Dame
- Western Washington University
- Canisius College
Step 4: Think about whether is it worth to be a Discount Brokerage Sales Representative
Is being a Discount Brokerage Sales Representative Worth it?
Do you understand numbers and business figures? More importantly, can you explain these terms in simple ways and sell it to a person with questions? Then your ideal job may be working as a discount brokerage sales representative.
For a discount brokerage sales representative, early education begins with a daily study of stock market quotes and reading financial advice magazines online.
Discount brokerage sales representatives are expected to build their own clientele.
If you have begun an internship, your discount brokerage firm will sometimes offer to pay for the licensing, and allow you to begin establishing a clientele for the length of the internship; usually six months, before licensing.
Generally, the discount brokerage sales representative works on commission; although, some discount brokerages offer a salary.
Step 5: Prepare relevant skills for being a Discount Brokerage Sales Representative
What skills do you need to be a Discount Brokerage Sales Representative?
When looking into a role like this one, you need to take account of your skills and abilities. The ability to succeed in this role depends upon the possession of the following skills: Customer Service, Order Processing, Securities Laws and Regulations Compliance, Transaction Monitoring, Securities Trading. Although not always necessary, a grasp of these skills can help: Brokerage Trading Software. During an interview, try to convey your knowledge of these skills.
Do you understand numbers and business figures? More importantly, can you explain these terms in simple ways and sell it to a person with questions? Then your ideal job may be working as a discount brokerage sales representative.
The discount brokerage sales representative must have a confident attitude, engaging personality and ability to accept negative answers without becoming discouraged.
They must familiarize themselves with stock options and remain up to date with security sales, market offers and new computer technology.
Step 6: View average salary for Discount Brokerage Sales Representative
How much does a Discount Brokerage Sales Representative make?
The average salary range for a Discount Brokerage Sales Representative is from $43,250 to $63,930. The salary will change depending on your location, job level, experience, education, and skills.
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Average salary for Discount Brokerage Sales Representative jobs
- Discount Brokerage Sales Officer
- Discount Brokerage Operations Manager
- Discount Brokerage Department Manager
- Manager of Discount Brokerage Operations
- Manager of Discount Brokerage Department
- Sales Representative V
- Driver/Sales Representative
- Sales Representative (Pharmaceuticals)
- Inside Sales Representative II
Step 7: Find relevant Discount Brokerage Sales Representative jobs, and apply.
Looking for Discount Brokerage Sales Representative jobs?
Here are some Discount Brokerage Sales Representative jobs in the United States.