Whether you are a working professional or a newly graduated student, it is certainly useful for us to be able to be aware of the different career opportunities that are available. The employment scene in the financial industry has definitely gone through major changes over the past few years. However, if you are interested in working in the financial industry, specifically involving the stock market, here are some of the common career paths that you may choose to embark on.
Equity Research Analyst
The job of an analyst will usually include doing a thorough research on a company’s stock in order to generate reports and investment ideas to investors. Analysis will often have to be done to evaluate the firm’s industry outlook as well as its financial performance which would provide the basis on whether to buy/sell a company’s stock.
As the name suggests, the job of a stock trader is to buy/sell stocks on behalf of the company or yourself. Typically, a stock trader will tend to generate profits through short-term price fluctuations within a matter of minutes or seconds in the stock market. Hence, the career of a stock trader can be very fast-paced, exciting and full of pressure.
The person on the opposite side of the stock trader is the stockbroker. Stockbrokers are qualified professionals who are able to execute as well as provide advice on the stocks that the clients want to buy/sell. In some cases, clients may also wish to inform the stockbroker of their investment aims and allow the stockbroker to participate in the stock market on their behalf.
While not entirely related to stocks per say, the main job scope of an investment banker is to help raise capital for their clients. While investment banks are often involved in the issuance of bonds as well as merger and acquisition deals among different organisations, they can also be in charge of initial public offerings for companies to sell stocks to the public.
That being said, it is important to note that we have only provided a brief job description of the common jobs that involve the stock market. It is paramount for an individual to research more on the responsibilities and skills that may be needed for each job. In addition, new and less commonly known career paths are also present in the stock market. Hence, we should certainly make an effort to keep abreast of these jobs as well, in order to land ourselves in the profession that best suits us.