Stockbroker trainee program

Make a striking resume and cover letter and send it to various firms. You can offer to work voluntarily at the start; which will make the chances of getting hired a lot better.

It may seem a bit tedious to work without getting paid, but all of this effort will eventually pay off, the start is never easy and you much remember that but after hours of stock broker training you will reap the rewards.

At the end of the day when you have something to show for your efforts on the resume it will make you stand out from those who are coming without any prior work experience. Knowing the right people always helps.

And it certainly helps when you are working in the stock business. If you are in college get assistance from a student advisor; they can always provide you with solid reference that will help you get into a good program. Another great way of making contacts is by staying in touch with your college friends and seniors. Many of them would already have landed good jobs; and will certainly help a lot. Joining professional stockbroker associations and going to such meeting also helps a lot in networking.

Almost all the would-be stockbroker trainees come equipped with the same set of skills, the system churns out people who all the know the same things. It could be the way you speak, the way you persuade someone, or anything you are really good at. Sharpen your skill which you most like and make it your weapon. Be sure to demonstrate it when you go for the interview. A candidate that has something different to offer is more likely to be inducted in a program. The most crucial phase in the entire process is your interview.

Be extremely well prepared for the interview; this can be the make or break session where you either mange to impress the interview or he will simply discard you.

If you can manage to impress the interviewer and convince him that you would make a great student on his stockbroker training course, you are very likely to get selected. Getting into a broker training program is very tough these days; but if you implement these suggestions your chances of making it through will be a lot better.

Your email address will not be published. They're a company that sells little information cards to financial institutions that have all sorts of financial data printed on them. At least they did when I was a broker. By now I'm sure everyhting is computer only. But then there is a bunch of information like how much they are reporting to the IRS as their annual salary and so on. CEO - John Watts. Then address, telephone and so on So your first job as a Stock Broker Trainee is to learn how to take that information on the card and turn it into a hot lead so either you or your senior broker can sell them stocks and mutual funds!

That means you need to learn to cold call. Meaning getting on the phone and calling someone that has never heard from you or your firm, and most likely doesn't want to. How long you'll need to be cold calling is really up to your brokerage firm or the broker that hired you, how fast you learn and how hard you work.

The thing is, there are hundreds, if not thousands of other stockbroker trainees doing the exactly the same thing! And all from the same cards or another similar lead source as each other. So the first thing you need to learn is to get through the "Gate Keeper" which is usually the secretary. No easy task I can tell you! As she is getting a ton of calls daily from broker trainees just like you.

Then once you do get through the gate keeper, you need to convince the potential client that your brokerage firm and yourself is worth listening to. And you better do it in less than 7 seconds. A lead is simply someone that is willing to take your next call and give you a few minutes of their time. Or agrees to accept mailings or some sort of communication from you. The firm I worked for required trainees to be able to get at least 20 leads per day consistently in order to be even considered to go for their stock broker license.

Other firms require even more. It took me a few weeks to consistently get 20 leads per day. It's not as easy as it sounds, trust me. You learn to get aggressive on the phone.

Figure out how to talk to people to get them to do what you want them to do. There is no better training as far as sales than going through a broker training program on Wall Street! In the video above, you get an idea of what a good lead is and why.

Don't think for a second this is only in the movies, this was exactly the training I went through at one of the firms I worked at.