Careers...
Acting
Advertising
Agriculture
Air Hostess
Architect
Beauty & Hair Care
Biotechnology
Chartered Accountancy
Indian Civil Services
Commercial Pilot
Company Secretaryship
Cost Accountancy
Dairy Farming
Dentistry
Detective
Electronic Media
Fashion Design
Food Processing Industry
Gemmology & Jewellery Design
Hotel Management
Home Science
Information Technology
Journalism
Law
Library Science
Microbiologist
Merchant Navy
Business Management
Modelling
Nursing
Nutritionist & Dietitians
Pharmacy
Photography
Public Relations
Publishing
Stock Broking 
Travel & Tourism
Veterinary Science
Indian industry has now really taken off and this fact has been acknowledged globally. Liberalization has eased restrictions and foreign companies are freely gaining access to India. Indian bourses (stock exchange) are now dealing with big numbers and big buyers. The capital markets are undergoing transformation. Today's progressive brokers deal in billions rather than in millions. Instead of being stuck in tiny booth-like offices with a telephone, brokers today have all their operations computerized and employ qualifies industry specialists to advise on buying and selling of stocks.
Erstwhile brokers sat back waiting for business to come to their offices. Now brokers or stock market professionals are either playing host to foreign investment bankers, who are looking for opportunities on the Indian stock market, or visiting fund managers abroad seeking investment here.
Stockmarket houses are redefining themselves. They try to provide all attendant of financial management at one place. The business of stockbroking is highly visible today. Communication links between the dealing room and the trading ring are being improved. The National Stock Exchange or NSE (inaugurated on 23 July 1994) provides nationwide facilities with access to investors all over the country. The automated, screen-based trading system using state-o-the-art technology makes market operations transparent.
The Securities and Exchange Board of India (SEBI) has been empowered by an Act of Parliament to protect the rights of investors and ensure the promotion and regulation of the capital markets. It is the regulatory body in charge of the country's capital markets. In every way possible, professionalism has come into the stockmarket business.
The best stockbroking houses (such as Brisk Capital Market Services, New Delhi and SSKI, Mumbai) have already redefined themselves and have introduced the compilation of a database to identify avenues for investments in industries.
Some of the Indian finance service companies have already made some progress in setting up equity research for identifying growth scrips for portfolio investment and have taken up stockbroking earnestly.
The best firms today provide a blend of three functions: presales, sales and after-sales.
In this charged, vibrant and challenging atmosphere, work many specialists - economists, accountants, financial analysts, industry specialists, financial specialists and so on.
An analytical, local brain, imagination, pleasure in solving complicated problems, judgement, tact in dealing with clients/colleagues, business sense, probing curiosity, intuition and the ability to visualize the implications of present policies and actions on the future in practical terms, and a flair for figures.
|
 |
Stockbroking business requires the services of specialists (in varied fields) - economists, accountants, finance managers, financial analysts, capital market specialists, and investments and financial planners.
Postgraduate courses in economics and commerce are available in most universities in the country. Among the programmes available, the ones at the central universities and universities in the metropolitan cities are the most useful and updated for entry into this line of business.
The Institute of Chartered Accountants of India (ICAI), New Delhi, conducts the chartered accountancy course for the plus two level school leavers through the foundation course and directly for graduates (except fine arts graduates).
Finance managers may be MBAs with specialization in finance from the reputed institutes of management or from the departments of business administration of the major universities.
Useful and relevant courses for the stockbroking business are available at:
Institute
of Company Secretaries of India, New Delhi
Course: Postgraduate membership course in capital market and financial services.
 |
Institute
of Capital Market Development, 1965 Arya Samaj Road, Karol Bagh, New Delhi
- 110005. |
|
All India
Centre for Capital Market Studies, J.D.C. Bytce Institute of management
Studies and Research, Nasik - 422005 (Maharashtra). |
|
Mumbai
Stock Exchange Training Institute, Stock Exchange Building, Fort, Mumbai -
400001. |
|
Institute
of Financial and Investment Planning, B/303, Ventex Vikas, M. V. Road,
Andheri (E), Mumbai 400069. |
|
|
India has 21 active stock exchanges accounting for nearly 7000 listed companies, 6500 brokers and 538 investment bankers registered with the SEBI. These statistics are very impressive by any standards. There are more than 40 million stockmarket investors in the country.
Prospects for the stockbroking business are bright and for those who are qualified to handle this business and have the necessary personality traits to cope with it, the openings are many.
The face of the stockmarket in India is changing fast to keep up with the demands expected to be made of it. Meeting capital adequacy norms, transparency in operations, overseas exposure and research back-up are important needs now.
A foreign firms are waiting in the wings to secure government clearance for participating in the bourse. Indian brokers will, therefore, have to come to terms with real competition and ensure international standards of services to the investor.
|
|