Scope and Career in Stock Market

The first step towards making a career in the stock market is always checking on how much aptitude you have for the workings of the market. If you have a passion for the numbers and understand the background of the market you are halfway there. There is nothing as hard and fast rule to have a degree in Finance to make a Career in Stock Market. Even if you are a B.Sc/B.Tech or 12th pass out, you have equal chances to become a successful career in this domain.

The Stock market is an emerging place to start your career with. Day by day it is getting bigger, and many startups are setting up every day in the country. The opportunity to become an entrepreneur is also straightforward in the stock market.

In India, young people are often reluctant to make the Stock market their Career choice as they get scared by any kind of financial investment required in the process.

But the growth of this industry in the last few decades is phenomenal and one who is passionate can seriously turn their dreams into reality by choosing the right path

Career options available in the Stock Market:

• Market maker
• Stockbroker
• Sub broker
• Research analyst
• Trader for hedge funds
• Personal finance expert for clients of broking house
• Risk mitigation

What is required to make a successful Career in Stock Market

• Be passionate: As the market requires continuous learning and improving, being passionate about it is something that is of utmost priority. You need motivation from within to grow by making you aware of all the new nuances and facts of the industry
• Finalize your interest Area: Since there are a plethora of options under the Stock market, you should demarcate your interest area. Within the Stock market, you can choose to work in Broking and distribution, asset management, be a trainer, financial advisor, etc depending upon your interest. Having a clear idea of which field interests you the most will help make smarter career sections.
• Decision making: Once you have finalized your field of interest, now its the turn to have the complete knowledge about that particular field. Decide by making smart choices which courses you can opt for, which training you should take to become well versed in this domain.
• Read Tirelessly: Reading is something that can not be taken for granted. All the successful people in the world had good reading habits. Particularly in this field, one needs to be more proactive towards reading in order to understand the market in a better way.
• Choose a Right mentor: It's a career where the business is often cyclical in nature and the same will affect your performance as well. So it's always good to have a mentor who can predict the situation and work on your skills with time.

   Certificates/Courses an individual can opt for

• Few easy and short term certificates where you can get an understanding of the different avenues of the market
• NISM/NCFM Certification as they are nationally recognized and also not expensive
• MBA in Finance is an added advantage while choosing your Career in Stock Market

    Scope of the Stock Market

Making money is everyone’s dream but people often get scared by the risks. Stock Market is one such field where a person having its knowledge is prepared to take a calculated risk which in return gives him a profit multiplied by manifolds.

Investing in many different stocks can help build your wealth by leveraging growth in different sectors of the economy, resulting in a profit even if some of your individual stocks lose value.

• Dividend Income

Some stocks provide income in the form of a dividend. While not all stocks offer dividends, those that do deliver annual payments to investors. These payments arrive even if the stock has lost value and represents income on top of any profits that come from eventually selling the stock. Dividend income can help fund a retirement or pay for even more investing as you grow your investment portfolio over time.

• Gain in Investment

One of the primary benefits of investing in the stock market is the chance to grow your money. Over time, the stock market tends to rise in value, though the prices of individual stocks rise and fall daily. Investments in stable companies that are able to grow tend to make profits for investors. Likewise, investing in many different stocks will help build your wealth by leveraging growth in different sectors of the economy, resulting in a profit even if some of your individual stocks lose value.

 

• Diversification

For investors who put money into different types of investment products, a stock market investment has the benefit of providing diversification. Stock market investments change value independently of other types of investments, such as bonds and real estate. Holding stock can help you weather losses to other investment products. The stock also adds risk to a portfolio, as well as the potential for large, rapid gains, helping investors avoid risk-averse or overly conservative investment strategies.

• Ownership

Buying shares of stock means taking on an ownership stake in the company you purchase stock in. This means that investing in the stock market also brings benefits that are part of being one of the business owners. Shareholders vote on corporate board members and certain business decisions. They also receive annual reports to learn more about the company. Owning stock in the company you work for can be a way to express loyalty and tie your personal finances to the success of the business as a whole.

Stock Market thus can help you kick start your Career if you are a fresher or experienced in any domain. Choosing the right strategy and optimum use of your potential is the need to excel in the field.

 

About Investing Bazaar

It is the perfect platform that provides you the in-hand services regarding the financial planning and helps you to get the best in return according to your current financial situation. It focuses on the way you see the stock marketing and changing the perspective of an individual to understand it properly.