The share bajaar
Remember Chris Gardner from the biographical drama film “The Pursuit of Happiness?” If you do then you must remember his struggle to become a stockbroker which happened to be his dream career. Or take the example of the recent much talked about film “The Wolf of Wall Street” where Jordan Belfort along with his close coworkers and business partners rose to monstrous fame by becoming stockbrokers. Despite the moral ambiguity of the latter, one cannot deny the appeal of being a stockbroker in the West. Even in our neighboring country India, this career is considered as a flashy and thriving one which holds a lot of prestige.
However, in our country, whenever we hear the words “stock market”, the first thing that comes to mind is share bajaari! A negative aura is somehow entwined with it. It is really sad that we lack knowledge of this booming sector. Every year thousands of fresh business graduates are being injected in the corporate world. Most of them prefer the banking industry as their dream career path. Other financial sectors like brokerage houses, merchant banks, insurance companies, etc. are not attracting the crème de la crème.
A stockbroker is a professional who is generally tied to a brokerage house and buys and sells securities for both retail and corporate clients in return for a fee or commission. Unlike many other financial institutions, working as a stockbroker is never boring. This challenging field requires a broad skill set coupled with dedication and willingness to work long hours in order to succeed. The rewards can be enormous for those who go through with it. If you're interested in finance and think managing other people's money while matching the pulse of the market interests you even more, a well reputed stock brokerage firm is where you should be heading right now to build your career. Of course, it typically takes inexperienced brokers at least a few years to accumulate a large enough base of customers to allow them to earn generously. But once they start doing so, there's no looking back. The right people in this sector are succeeding comfortably.
Mr. Wafi S M Khan is the Chief Executive Officer of Green Delta Securities Limited, one of the few renowned brokerage firms of our country. He says, “Being a stockbroker can lead you to a career full of growth and potential. Every day is a new challenge for a stockbroker and he can get the inside scoop on the capital and share market. The overall capital market is something the people of our country don't learn much about. We see people who are not financially well-off invest in the capital market after selling off their land and other valuables. So when they face tremendous loss they start blaming the system and government, not seeing the real picture. Capital market is for the people who have money to spend. If you don't have the required 'capital', it's not the place for you. The lack of knowledge of the people of our country is the prime reason why this industry is having a bad reputation, which is stopping fresh graduates from joining brokerage houses. It's about time this perception changed and people found enthusiasm in stock brokerage.”