Career Options Involving the Stock Market
For individuals who have a knack for finance and an interest in investing, they may wish to consider pursuing a career involving the stock market. While there certainly are career options that entail working directly on the floor of the stock markets in major cities, there are additional opportunities as well. You may work for a major company, business, or an individual as a sort of advisor or analyst. Below, we will explore five careers in the stock market in detail.
|Job Title||Median Salary (2018)*||Job Growth (2018-2028)*|
|Investment Banker||$64,120||4% (for all securities, commodities, and financial services sales agents)|
|Personal Financial Advisor||$88,890||7%|
|Market Data Compliance Analyst||$107,480||4% to 6% (for all compliance managers)|
Source: *U.S. Bureau of Labor Statistics
Career Information for Jobs in the Stock Market
An investment banker is a type of securities, commodities, and financial services sales agent. These financial professionals help businesses and corporations find investors. They must be very knowledgeable about the stock market in order to estimate a company's value and also make sure that it meets the required legal obligations before becoming a publicly-traded company. To become an investment broker, you will generally need at least a bachelor's level degree, though acquiring a master's degree would be helpful to advance.
Accountants and auditors are financial experts. They prepare various financial documents and reports, make sure taxes are filed properly, and may provide financial counseling and advice to clients and companies. Because the stock market is primarily concerned with numbers and how highly valued companies are, accountants and auditors play a key role in providing this information. To become an accountant, you will need a bachelor's degree and complete a series of exams to become a CPA.
Financial managers are responsible for making sure their organization is in good financial health, which includes managing all employees involved in finance, like budget analysts and accountants, viewing all financial documents such as budgets and written reports, meeting with company executives to develop goals, and making recommendations regarding investments. Financial managers must stay up to date on market trends to make the best recommendations possible. They need to know the value of the shares of their company in the stock market to make informed decisions and give advice. To become a financial manager, you will need a bachelor's degree along with at least five years of experience in a finance or related field.
Personal Financial Advisor
Personal financial advisors perform similar duties as financial managers, but on an individual basis. They work with clients by assessing their financial health, which includes viewing their tax returns and other legal financial documents, taking all of their assets into account, and looking at their monthly income versus their expenses. Advisors may be in charge of investing their clients' money, meaning they would have to be knowledgeable about the state of the stock market in order to make wise investments. You will need a bachelor's degree in a field like finance or accounting, though prospective personal financial advisors may find that having a master's degree and certificate increases their odds for further opportunities.
Market Data Compliance Analyst
The market data compliance analyst is responsible for creating compliance programs and making sure that all employees are aware of the program and operating within it. They keep track of market data and ensure that share and stakeholders are kept informed. To become a market data compliance analyst, you will need at least a bachelor's degree and a thorough experience in the field.