Did you consider pursuing a career as a stockbroker but you don’t know where to start? You might have heard and seen them portrayed in huge Hollywood movies such as Pursuit of happyness by Will Smith, Wall Street: Money never sleeps by Shia Labeouf, and The Wolf of Wall Street by Leonardo De Caprio, adding to the fascination.
Just this month, a highly-anticipated Filipino movie Sid & Aya: Not a love story became a box-office hit in the cinemas across the country. I haven’t seen this film yet but I’ve received countless messages from friends who were asking what exactly Sid (Dingdong Dantes) is doing. On what he does for a living. I can’t ceased their curiosity. It’s becoming everyone’s question; ”How to be like Sid”
Well, I can’t promise you a Maserati but I can give you a glimpse on how to become a stockbroker.
Promising as it can be, being a stockbroker in the Philippines remains a mystery to a lot of people to this day. Many have thought that it is a career only for the elite and for financially-savvy. It is partly correct but anybody can dream to become one if you wish to. It is still one of the top-paying jobs which we rarely-heard. A very promising career.
As a matter of fact, there’s this saying that says; “If you want to get rich, you either go to Hollywood as an actress, Silicon Valley as a geek in an IT company, or in Wall Street as a stockbroker”.
So, what do you need to do?
You need to pass the examinations. Securities Exchange Commission (SEC) has amended the licensure exam format this year and typical feedback is that it is much harder this time with lower number of passers. This is not to scare you but this should give you a hint that you need to take it seriously. And yes, you should study harder.
Being a stockbroker is a highly-professional career and it requires certifications . There are two types of exams you need to pass;
1. General securities exam (Phase 1)
fee: 500
65% passing score
120 items
schedule: Wednesday-Friday every week
venue: PICC Building, Vicente Sotto St, Pasay, Metro Manila
2. Specialized Certified securities representative exam (Phase 2)
fee: 9,500 with 2-days seminar
75% passing score
50 items
schedule: pre-arranged
venue: PICC Building, Vicente Sotto St, Pasay, Metro Manila
Note: Look for Ms. Abigail Camus
How to get started?
There are two ways you can do to apply for a job as a stockbroker. You can get your license first and apply to a reputable brokerage firm that has a vacant position since it is the main qualification. There are many brokerage these days that are looking for licensed brokers/traders.
Another thing, you can also apply to a vacant position even you haven’t completed your license/certifications. You can request to have the company sponsor you for your licenses and they will take care of it.
In addition, you should have enough experience in trading your personal account and you need to have sufficient knowledge in the capital market since it would be scrutinized during hiring process and before you can get the job.
Begin your journey as a stockbroker…
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I am interested. I sent you an email, sir. Thank you.
Please do contact me. 09264520138. I want to learn more about stocks, Let me be your apprentice. I saw that you gather every Sunday.
Thank you.
Rob Christian R. San Andres
rcsa.business@gmail.com
20 years old
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