How To Become A Stockbroker In South Africa & Subjects Needed

Filed in Article by on May 1, 2021 • 0 Comments

Are you looking for a way to become a Stockbroker in South Africa and you don’t know the subjects needed or even universities in South Africa where you can undergo the course? If yes, then this informative article is for you. You will be given detailed information about how to become a Stockbroker in South Africa, Universities and Subjects Needed.

What Does A Stockbroker Do?

Stockbrokers are professionals who manage financial investment portfolios for individuals, companies and large organisations. It is their job to get the best financial return for their clients by buying and selling stocks, shares, and other financial products.

Stockbrokers offer three types of service: discretionary – managing a client’s investments and making decisions on their behalf; advisory – advising clients about various investment options; execution-only – buying and selling only when clients ask, without giving advice.

For all types of service, a stockbroker’s work would involve:

  • Interviewing clients to assess their potential in the financial marketplace
  • Offering advice to clients about which funds or companies to buy or sell
  • Calculating and recording the prices of transactions
  • Managing and reviewing clients’ investment portfolios
  • Researching financial markets
  • Consulting investment analysts
  • Keeping clients informed about their investments and changes in the market
  • Instructing stock market traders to achieve the best market prices
  • Marketing their services to new clients.

What Qualifications Do I Need?

Although there are no set qualifications for becoming a stockbroker, most employers will expect prospective employees to have a degree or, even better, a postgraduate qualification such as an MSc or MBA.

A relevant university degree, work experience, and passing additional stock exchange exams are required for a position as a portfolio manager, sector or market analyst, institutional dealer, international arbitrageur, a strategist in the derivative department, or administrator.

For employment as a securities clerk (authorised and unauthorised), candidates attend an in-service training programme offered by the Johannesburg Stock Exchange (JSE) and take an oral exam on stock exchange rules and regulations.

What Subjects Do I Need?

Contact each institution for their specific requirements, but these subjects are recommended:

  • Mathematics
  • Physical Science
  • Accountancy
  • Economics

Where Can I Study?

University of Johannesburg

  • Bachelor of Commerce: Economics and Econometrics
  • www.uj.ac.za

Nelson Mandela Metropolitan University

North-West University

  • Bachelor of Commerce: Quantitative Risk Management; Bachelor of Commerce: Risk Management; Bachelor of Science: Computer, Economic and Mathematical Sciences
  • www.nwu.ac.za

Damelin Education Group

UNISA

Pearson Institute of Higher Education

University of the Free State

Academy of Financial Markets

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