Investment Banking Sales Brokers
Investment banking sales brokers facilitate client trading in stocks, fixed income products, currencies, commodities, corporate credit, government debt, interest rate products, and other types of securities. They provide clients with information on market trends, suggest investment strategies and financial products, and take and process orders (passing them on to traders for execution). Their clients include institutional investors (e.g., pension funds, mutual fund companies, university endowments), hedge funds, companies, governmen...
Minimum Education Level
New college graduates with a bachelor’s degree in business earned average starting salaries of $52,040 in fall 2018, according to the National Association of Colleges and Employers. Those with a bachelor’s degree in finance earned $55,811.
Sales agents who work in securities, commodities, and financial services earned mean annual salaries of $97,110 in May 2018, according to the U.S. De...
The work atmosphere for sales brokers is fast-paced and intellectually stimulating. The telephone is their best friend—or worst enemy depending on how they look at it—because sales brokers are constantly on the phone prospecting for clients or following up with existing ones. They’re expected to make hundreds of cold calls a day to build their client base. It’s a roller coaster occupation, not ...
The Department of Labor (DOL) projects that, through 2028, employment of securities, commodities, and financial services sales agents will increase 4 percent, about as fast as the average for all occupations. On the one hand, factors such as automated trading systems and industry consolidation are expected to hinder job growth in this profession. Additionally, the Internet has made it simple to...