That’s a good question a career in the markets is something that many people aspire to but achieving that goal is something entirely different. Much will depend on your age, experience and your skill sets.
Having some relevant experience is a big help and if you are studying at university and college then there may be an opportunity to intern at broker, investment bank or service provider over the summer months of 2020.
Potential employers advertise their internship opportunities on job sites such as Indeed, efinancial, careers and CityJobs so it’s definitely worth checking those out. But you should also check the careers sections of the websites of larger firms for internships and of course full time employment opportunities and places on graduate schemes.
The right skill sets are also useful and many job roles in the markets now require coding, quantitative or statistical skills. Second languages are always helpful and computer literacy is a prerequisite. It also won’t hurt to be familiar with modern marketing techniques and their analysis, either.
To make yourself more attractive to potential employers, particularly if you want to work in stockbroking or investment management you can take professional exams.
The Chartered Institute of Securities and Investment or CISI has a section on its website dedicated to this https://www.cisi.org/cisiweb2/cisi-website/study-with-us
If you do study for professional qualifications then it wouldn’t be a bad idea to reach out to the HR departments at Wealth and Investment Management firms, to tell them about yourself and what you are doing. You can also ask them about potential opportunities and the kind of things they look for in a candidate.
It’s also worth thinking about networking among your own contacts as well. For example, if you know anyone who works in the markets speak to them and ask if they are aware of job openings or can introduce you to someone who is recruiting.
The UK trade body for Wealth and Investment Managers is PIMFA and their website contains the contact details of their members, both full and associate status. It also lists the contact details of the head. and where relevant, branch offices for these businesses.
If you are looking to become a trader at a forex broker rather than acting for clients, then there are a large number of training and coaching schemes and courses out there. Many of these will charge you for the course, others may initially fund your trading and mentor you. But be aware that these are very competitive environments and only the best candidates are likely to succeed. A lot of them are trading scams too so be very careful before you pay for educational courses. See here for a few decent trading courses.
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Richard founded the Good Money Guide (previously Good Broker Guide) in 2015 and has been a broker for 20 years most recently at Investors Intelligence and previously a multi-asset derivatives broker at MF Global (Man Financial). Richard started his career working as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson) after interning on the NYMEX oil trading floor in New York and London IPE in 2001 & 2000.