AboutPaul Henneman Expertise Stock forecasting and fair market valuations.
Experience
Past/Present clients CBSMarketwatch.com, Hoovers.com, Multexinvestor.com, Bank of NY, numerous hedge funds and institutions, other partners and clients can be viewed at http://www.valuengine.com/about/careers.html
Expert: Paul Henneman Date: 1/5/2008 Subject: how to become a stockbroker
Question QUESTION: dont realy know how to use dez tings cuz its my first time but i just wanted to ask u how difficult is it to become a stockbroker. iv dont college, gained my alevels and nw doin a degree in construction. alot of tings av happened in life an i just wona make something big to prove and gain peace in my heart.
ANSWER: Thank you for question!
Typically a career in finance does require a college degree. It can be a competitive industry, and most companies require that degree to become a stock broker or financial advisor. It is possible to begin at a community college in your area, which is less expensive. After earning a two year degree, it would be necessary to move on to a full college or university for a full four year degree. This will require more dedication, and become more expensive.
Below is a link to the careers page on the Morgan Stanley website, if you are interested I would suggest looking at the various pages to see the types of careers that are available: http://www.morganstanley.com/about/careers/index.html
Most other investment firms such as Merrill Lynch, Bear Stearns, and the others have similar career pages.
However, in the long run such a career can be very rewarding. It is a high paying occupation, although it can be stressful. It all depends upon what kind of person you are, and if you have the desire to spend significant time in school to get the needed education.
I hope that this is helpful, please do not hesitate to follow up with me if I can be of any additional service,
Sincerely,
Paul Henneman
President
ValuEngine Inc
www.ValuEngine.com
---------- FOLLOW-UP ----------
QUESTION: Thanks 4 da reply 2 my question. i have studied a two year course at college but they were totally da opposite to the financial sector, the alevels i gained were in psychology and i.c.t. im nw doing a degree at university and just wanted 2 nw.. can i get into the stockbroking world wid thez qualifications. and do i have to be a big headed confident person to succeed in stockbroking.
Answer Thank you for your follow up question!
I do strongly suggest that if you want to succeed in the financial world, a four year college degree in a related field is very important. While any college degree will probably fill the basic requirements that most firms have to get started, but you will be competing with others that have a more appropriate college degree.
Yes, you do need to be a confident and out spoken person to succeed in finance. This industry is filled with such people, so if you lack confidence are not comfortable speaking in a group, you will be at a significant disadvantage. However, these are skills that can be developed over time, and your confidence level will grow as you knowledge does. I would not worry about this aspect, and instead focus on building your education background to be as successful as possible. Your several years of courses in other areas will likely transfer to a different degree program. It may only set you back one or two semesters to change your degree to something more financially oriented. Just about every University will have a business school or economics program, I would suggest speaking with an advisor from one of those programs to find out what degree program they offer that would be the most relevant.
This is your future, I do urge you to do everything you can to make it successful. This may mean staying in school a little bit longer, but it is what is needed to make sure that you succeed in this. Get as much advice as you can from your advisors at the University about how to best adjust your studies to focus on finance.
I hope that this helps, please do not hesitate to follow up with me if I can be of any additional service,
Sincerely,
Paul Henneman
President
ValuEngine Inc
www.ValuEngine.com
