In 2019, 53% of American families were invested in the stock market. While this is a modest amount of people, the coronavirus has thrust the stock market into the spotlight.
With easier access than ever before, more people are interested in trading stocks. With that, stock market jobs are being talked about and sought after in droves.
Getting a job in the stock market is not as hard as it seems. So if you’ve been thinking about starting a career in the stock market, this article is for you!
Let’s learn about some different stock market jobs together.
Stock Market Jobs
The most well-known stock market jobs are traders, brokers, and investors. Traders usually work for a large investment management company. Brokers are closer to their clients, similar to sales representatives.
Both traders and brokers buy and sell securities for their clients. On the other hand, investors are the clients. If you’re interested in investing, there are plenty of brokers for trading in stock indices available for you to choose from.
To work in the stock market, you don’t need to be a trader, broker, or investor. In fact, there are many different jobs to choose from that work directly or indirectly with the stock market.
All five jobs listed below are excellent choices. In addition, they all have a substantial job growth forecast for the next 10 years:
1. Investment Banker
An investment banker helps companies, governments, or other entities raise capital. They help their clients with various financial tasks to raise the capital needed.
Investment bankers also offer assistance with mergers, acquisitions, and initial public offerings (IPOs).
2. Financial Advisor
A financial advisor helps clients with a wide variety of financial services. They are skilled in financial planning and investment management.
Certified public accountants (CPAs) and chartered life underwriters (CLUs) are also financial advisors who specialize in different areas of finance. For example, CPAs work on taxes while CLUs work on life insurance and estate planning.
Wealth managers are a specific kind of financial advisor. They manage high-net-work individuals.
3. Financial or Equity Analyst
Financial analysts look at a company or sector’s performance. Then, they review financial decisions using current economic and market trends.
Equity analysts specialize in the stocks of a company. They research markets and prepare reports. They also offer companies buy and sell opportunities.
4. Market Researcher
A market research analyst or researcher collects and studies customers, products, services, and sales trends to make marketing plans. Companies rely on this information for their financial planning.
5. Market Data Compliance Analyst
A compliance analyst helps companies stay compliant with regulations. In addition, they prepare companies for audits. With changing rules and regulations, remaining compliant is crucial to a company.
Choosing a Job for You
If you’re interested in the stock market, there are several stock market jobs for you to consider. Whichever path you choose to take, remember there are different educational requirements for these positions.
Take the information you’ve learned from this article, and keep doing your own research to see which stock market job will be best for your finance career path.
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