Finance brokers plan, organise and negotiate the sale and purchase of shares and property or other commodities. They arrange loans of money for or on behalf of their clients, and manage these loans for, or on behalf of, them. They may also offer advice to their clients about the best way to manage and invest their money.
They research and analyse markets and other elements of the economy, calculate and record the costs of the transactions that they carry out, and consult with their clients and with other financial experts about the best way to invest money.
Finance brokers work in a range of environments. They generally spend most of their time in an office environment, but may also work in stock exchanges. Many finance brokers also travel to meet with clients or to attend conferences. They usually work long hours that coincide with opening and closing times of the stock exchange. They may have to sit or stand for long periods of time, and when working in stock exchanges their work environment may be stressful.
Although they mostly work in cities, they may work independently from finance companies in other parts of the State. As a finance broker develops their skills, their earning potential will generally increase. Finance brokers use computers, calculators, telephones and other office equipment such as photocopiers, fax machines and telephones.
To become a finance broker you usually need to complete a commerce degree majoring in finance or economics, or a science degree with a major in actuarial science. Most finance brokers also hold additional postgraduate qualifications. Most universities in Western Australia offer relevant courses.
Contact the universities you are interested in for more information. You may also be required to meet additional regulatory and compliance requirements before you can begin working with clients. Contact the Australian Securities and Investment Commission for more information. As an apprentice or trainee, you enter into a formal training contract with an employer. You spend most of your time working and learning practical skills on the job and you spend some time undertaking structured training with a registered training provider of your choice.
They will assess your skills and when you are competent in all areas, you will be awarded a nationally recognised qualification.
If you are still at school you can access an apprenticeship through your school. You generally start your school based apprenticeship by attending school three days a week, spending one day at a registered training organisation and one day at work. If you get a full-time apprenticeship you can apply to leave school before reaching the school leaving age. If you are no longer at school you can apply for an apprenticeship or traineeship and get paid while you learn and work.
If you think you already have some of the skills or competencies, obtained either through non-formal or informal learning, you may be able to gain credit through recognition of prior learning. Turn on more accessible mode. Turn off more accessible mode.
Occupations How can I use occupational information? Occupation search Occupation Search Occupation Keyword: Summary of occupation Summary of occupation. A finance broker needs: Apprenticeships and traineeships As an apprentice or trainee, you enter into a formal training contract with an employer.
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