Hii I m a commerce graduate from mumbai university n i want 2 make a career in finance...I have cleared capital market module of NCFM xam... i want to know what are the various career prospects in finance ...n whther diploma courses can b useful in my future ...can u list out sum courses which have importance n are in dmeand in the job market....Please help me out...

Asked by sajitha pillai on 28 September 2008 at 6:14 PM.

Answered by Studyplaces Counsellor India

Stock Exchanges, in recent times are providing youngsters with a completely new career option, that of stock broking. Due to liberalization and globalization of economy, stock exchanges have become busy places with transactions worth millions per day. Integrity of character is an absolute necessity for stock brokers as they are dealing with other people's money. The rising demand of stock broking is in turn increasing the demand for trained professionals who can meet the requirements of the investors. To get into this field of work, you can enrol for Stock Broker Courses in India offered by various institutes. Qualifications: The minimum qualification required to be a stock broker is a graduation with at least 2 years of experience in a stock broking firm. A sub-broker, the previous stage of being a broker needs to have passed the XIIth standard to be eligible for this job. The courses on stock broking in India are - Post-graduate membership course in capital market and financial services One-year Post-Graduate Diploma in fundamentals of capital market development. Certificate Courses Chartered Financial Analyst Equity Research Major Institutes offering Stock Broker Courses in India are: Bombay Stock Exchange's BSE Training Institute, Mumbai Institute of Capital Market Development, Karol Bagh, New Delhi - 05 All India Centre for Capital market Studies, J.D.C Bytce Institute of Management Studies and Research, Nashik - 05 Institute of Company Secretaries of India, New Delhi Institute of Financial and Investment Planning, M.V.Road, Andheri(E) Mumbai 69 Institute of Chartered Financial Analysts of India (ICFAI), , Banjara Hills, Hyderabad 34 The Orion Institute of Capital market Adchini, Aurobindo Marg, New Delhi The UTI Insitute of capital Market, , Vashi, Navi Mumbai - After completing the course one has to register with the Securities and Exchange Board of India (SEBI) to become a broker. Benefits: Previously no formal course was required to enter into the business of stock broking. But with growing competition the scenario has changed. The courses on stock broking prepare a person with a prior knowledge of dealing with stocks and the kinds of transactions that takes place in a stock market. This makes him more competent to enter the business. Scope in India: Careers in Stock Broking are not frowned upon any more today. Stock Broking is providing youngsters with varied scopes. A person who has done a Stock Broker course in India can find jobs in the following areas: Business Houses Stock Broking Firms Investment Banks One can work as a dealer or an analyst (to be an analyst one needs to be a M.B.A or a C.A) Scope Abroad: Stock Broking provides ample opportunities outside India also. Though the job profile remains the same, which is of a broker, dealer or analyst, the remunerations are higher. Becoming a Stock Broker in NASDAQ obviously implies far greater monetary gains. For full information about the financial courses and colleges log on financial courses & institutes.