An enhanced knowledge of mathematics and economics are the key principles to become a finance broker. Students should focus on advanced math early in his or her educational career and join extra curricular activities, such as math clubs. Although mathematics is the foundation of knowledge for a finance broker, the position also requires a range of other skills that can be acquired during a four year degree program. Students should have an extensive understanding of the finance world outside of school and should keep up to date with the industry by reviewing current financial events.
Before choosing a four year university, students should first research the finance and economic degree programs offered. A school with a strong finance program will increase the student's opportunities to become a finance broker, because future employers usually focus on academic history. The first year of college typically revolves around general coursework, such as basic math, science, and English courses, but students should be able to enroll in introductory economics courses as electives. Several courses that students usually take after general coursework is completed may include managerial accounting, advanced corporation finance, financial statement analysis, and personal financial planning.
There are numerous internships offered on most college campuses, and students will benefit by applying to an internship with an investment firm. Students are usually qualified to participate in these programs after the first year of college, and the length of time in a firm will improve his or her ability to become a finance broker. Interns will be able to observe and assist other finance brokers, which can serve as a beneficial training experience. After successful completion of the four year program, students will receive a bachelor's of science (B.S.) degree in finance.
Before seeking employment, graduates should research local examinations needed to become a finance broker, and schedule a testing date. This procedure may vary depending on the location that he or she intends to work, but most firms prefer to hire licensed brokers. Some students choose to further their education by working on a master's degree in finance.
Certifications and degrees will not only help students to become a finance broker, but may also increase starting salaries. Finance positions generally have extreme earning potential, and the growth of this business offers continuous career advancement. In addition to a degree, potential financial brokers should have analytical thinking abilities, excellent communication skills, and a well-developed technical writing style.
