anyone on here a stockbroker?

[MattTheSkywalker]

wow, i didn't think that i'd get that much response out of it, but this is great. thanks for all of your help people. i was thinking about going into accounting and maybe going into investment banking. it would be great to be able to work on the floor of Wall Street though, does anyone know if that is a realistic goal, or is that something where you'd have to have a connection to get into or not?

What people are not pointing out is that "working on Wall Street" has many connotations.

You cn be a guy with a Series 7 license (license to trade securities = stockbroker.) Move up the food chain some and you can do investment or corporate banking. Further along still is venture capital, and at the top of the financial food chain is private equity.

Within those contexts there are many sub-contexts. If you are interested in straight-up brokerage, you can get an entry level position (either at a brokerage or on the trading floor) without a degree from a top school, though without at least a bachelor's it will be tough. (I have known some brokers who do not have a degree, just a Series 7; they work in "Boiler room" type places. Worth a look anyway.)

If you want to do investment banking, you won't even make the final cut unless you have a finance/economics/math degree from a top 15 school. Most of the top banks hire straight from the Ivy League.

VC and private equity jobs are available only for people with advanced degress from Top 5 biz schools as well as a track record of success in "lesser" financial positions.

As you might expect, the salaries follow the food chain. A very successful broker will do $200K per year. The principals of a private equity fund might do $5M.

My advice to you would be to major in economics, and go to the best school you can. Entry level Wall St jobs such as working on the trading floor or at a securities desk (anything outside of investment banking) can be had if you look for them, and together with a grad degree can help you get into some really great opportunities later on.

 

[KristopherWalken]

lmao at some of these answers!!!!!!!!!!!!!!!

anyway, get a finance degree. it will help you the most if you are interested in being a broker. finance is also applicable to life in general as it deals mainly with relationships and whatnot.