What education is needed to become a stockbroker?

Thursday 24th January 2002

Q: What education is needed to become a stockbroker?

A: I've cheated and cut this straight from the Education section of the ShareChat site.

"All brokers need to holder a licence obtainable from the District Court. To become a member of the NZSE you have to have at least six months experience working in the office of a broker who is a member of the NZSE and to have sat at least two exams as set by the Board of the NZSE. The exams are run by the Securities Institute of Australia and can be sat by correspondence. If you have a degree in Finance, Economics or Accounting you can get some of your papers cross credited but will still have to sit a minimum of two exams. For more information contact the NZSE who will send you outlines, dates and enrolment forms for courses. Phone the NZSE on 04 472-7599 for more information".

It depends exactly what you want to do. If you want to trade on the NZSE you will need these exams. You could trade debt or FX for a bank if you wanted be a trader and they would be more likely to consider a candidate who had a degree in maths, economics or finance.

There are a total of 6 papers you can sit through the Securities Institute of Australia (SIA) that are prescribed by the board of the NZSE that will earn you a diploma in Sharebroking. You can also sit course through the SIA on financial planning which would also be helpful.

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