| Answer: To enter this field it is important to understand the working of the stock exchange and money markets thoroughly. Different exchanges in the country today have different norms. So, it is essential to be knowledgeable on how it functions.
Those with a bachelor's / masters degree and experience in the financial services industry or statistical research can also get into this field.
An individual, a firm or a corporate can become a trading member(broker) of a stock exchange.
Minimum age shall be 21 for individuals and
Individual/Partners/Directors must be at least graduates.One should have a minimum of 2 years experience in an activity related to dealing in securities or as portfolio manager or as investment consultant or as a merchant banker or in financial services or treasury, broker, sub broker, dealer, authorised agent or authorised clerk or authorised representative of a recognised stock exchange.
For membership at the National Stock Exchange, a minimum paid up equity capital of Rs.30 lakhs is required for corporates.
The applicant shall also pay an interest free security deposit for cash, futures & options and wholesale debt market segments separately. For Cash/F & O segment trading the deposit is Rs. 125 lakhs. For further details you can visit this link http://www.nseindia.com/content/members/mem_fee_deposits.htm
The following institutes in India offer educational programmes on capital markets:
- Bombay Stock Exchange Training Institute, Mumbai
- National Stock Exchange of India, Mumbai
- Institute of Financial and Investment Planning, Mumbai
- All India Centre for Capital Market Studies, Nasik
- Institute of Chartered Financial Analysts of India, Hyderabad
- Institute of Capital Market Development, New Delhi
- Institute of Company Secretaries of India, New Delhi
Hope that helps
CareerAge Counselor |
