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What is a stock market?

The stock market refers to the collection of markets and exchanges. This is where regular activities of buying, selling, and issuance of shares take place. These companies are public companies and their shares can be bought and sold by the public in general.

Here are some easy definitions for beginners:

Stock Exchange

Such financial activities are conducted through institutionalized formal exchanges. These exchanges operate under strict government rules and regulations. There can be many stock exchanges in a country or a region. The popular ones in India are National Stock Exchange and Bombay Stock Exchange.

Chartered Financial Analyst (CFA)

CFAs are the most preferred and paid candidates in the stock market industry. CFA is offered by the CFA Institute, US. This course gives exposure to various verticals of financial analysis such as portfolio management, reporting, qualitative analysis, ethics, and other must-have general knowledge in the area of Finance.

For perusing this course, you are not required to go to the US. It is a certification program like Chartered Accountancy (CA) in India. You can prepare for it by yourself. You can take professional help from any private institute and can take examinations at CFA-certified exam centres across India.

How to start a career in the stock market?

If you’re planning to enter the stock market or financial market as your career choice, then it’s a smart decision. A lot of this work can be done while pursuing your graduate degree. Before digging into vast career options, let’s begin with the different roles you can take on in this sector.

There are many job roles that are available in the stock market. They include:

• Stockbroker.
• Financial Advisor.
• Investment Advisor.
• Portfolio Management Services (PMS)
• Research Analyst.
• Online Stock Trading.
• Financial Analyst.
• Equity Analyst (Fundamental/ Technical)

What do we study for a career in the stock market?

We can do many short-term and long-term programs. There are diplomas and professional degrees. Much of your selection depends on your aspirations.

Some aspirants with their family exposure and experience can do without diplomas and degrees too. However formal education is important for taking jobs and employment in medium to large organisations.

Diploma in Financial and Stock Market

You can start with this diploma course. It is a 6 month-courses for entry-level jobs. The course focuses on the study and operation of:

• Capital market
• Commodity market
• Currency market
• Derivatives market
• Technical Analysis
• Options Strategy

Where can you study?

National Institute of Financial Market, New Delhi

Institute of Financial Market courses, New Delhi

DIPE Institute, New Delhi

RMJ Institute of Capital Market, Delhi

Course Fee ranges around Rs. 60,000/-.

Professional Courses to be successful in the stock market

1.Chartered Financial Analyst (CFA)

CFA Globally-recognised professional certification program that provides a strong foundation for students and professionals for careers in Investment Banking, Equity Research, Capital Market, Portfolio Management, Corporate Finance, etc.

2. Chartered Accountant (ICAI)

Once again CA is Globally-recognised professional certification program that provides a strong foundation for students and professionals for careers in Investment Banking, Equity Research, Capital Market, Portfolio Management, Corporate Finance, etc. It increases your knowledge on taxes, analytics and law too.

3. Masters in Business Administration – Finance

It builds strong analytical skills and also helps in attracting clients for your practice or job.

Five essential skills required for to be successful in stock market

1. Analytical skills
2. Research skills
3. Recording and reporting
4. Patience
5. Discipline

Career Opportunity

After completing a diploma certification (as given above) one can pursue his/ her career. In order to make a long-term career in this field, one should pursue one or more of the professional courses mentioned above.

There are plenty of Indian or International MNC broking houses and professional Portfolio Management companies. For instance, you can work at banks, asset management companies, hedge funds, PE funds, NBFC, KPOs and credit rating agencies.

Entry level roles include relationship manager, dealer, and equity advisor.

Capital markets are much more than picking stocks and making big money. Surprisingly, it is diverse and multifaceted. People willing to enter it must brace themselves for a highly charged, challenging, and gratifying career.

If you would like to know more about a career in the stock market or any other career, let us know, click on the link and share your interest.

Shortly we will also be covering each of these careers in more detail.

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