What degree to take to become a floor broker?

Answer 1

A college degree is not required to become a broker, all that is needed is a license from the FINRA. In order to obtain a license you must take and pass the Series 7 exam, which requires sponsorship from a member firm of the FINRA. A passing grade of 70 or higher is required for you to get your license. Although most small firms do not require a college degree to obtain sponsorship or to work for them, it is definitely preferred. But as long as you show them that you have experience in sales, excellent people skills, and a desire to succeed they will be willing to invest in you as a broker so that you can obtain your license. The question in specifically applies to the title of floor broker, which is considered an experienced position that in the world of stockbrokers. Floor brokers work on the trading floor of the NYSE, and play an important role in the determination of stock prices. This type of position will most likely require years of experience as a broker and a college degree. I recommend you major in finance and possibly even consider earning an MBA. The floor broker position is most likely in high demand, with lots of applicants who have advanced degrees and tons of experience. The median annual income is around $80K, which pretty much tells you that it is a position that requires some experience at the least. Study hard and do some internships at investment banks and you should have no problem.