Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

How to Become a Discount Brokerage Department Manager

Career News February 8, 2014

Discount Brokerage Department Manager Overview

The climb to the Discount Brokerage Department Manager position will be a gradual well planned climb based on education, professional certifications, and experience. There may be those who manage to get to the top without these accomplishments; however, there are seldom candidates. Employers are looking for the best and brightest talent with the most experience and proper education.

First, the Discount Brokerage Department Manager should, at the very least, have a Business Administration Degree. In this field, at least 57 percent hold a Bachelor of Arts (BA) or higher. At the management level, a Master of Business Administration (MBA) is more desirable. The U.S. Department of Education has 19 accrediting agencies. Many online schools offer an MBA, but all schools and their reputations are not the same.

These agencies will review the school’s policy and regulations, along with programs, before accrediting them. In the financial workplace, trust is paramount. The first step on the Broker Department Manager’s climb to success should be gaining an education from an accredited school.

Second, the Discount Broker Department Manager will have to pass the General Securities Registered Representative examination at level 7. The test requires them to show proficiency in seven financial areas. The test is generated by the New York Stock Exchange.

The Financial Industries Regulatory Authority (FIRA) has oversight of this test. The completion of this test is one of the ways FIRA protects the public, and lets them know who is qualified and safe to hire. Without these credentials, it would be difficult to work in this field. Successful completion of this test allows registry with self-regulatory organizations.

Third, this type of manager will be expected to have experience in multiple departments of securities. Employers are searching for 3-5 years of experience as a minimum. The integrity of the individual is a must. The person will be the liaison between sellers and buyers. At a brokerage firm, they will coordinate selling investments, products and financial securities at discount commissions, in a myriad of areas such as insurance and real estate.

They will be in charge of motivating, counseling, and coaching other brokers. The manager will market programs and plan avenues to increase profitability. It is expected, as a result of this effort, that the company can enter new markets. The Discount Broker Department Manager sets the standard for accuracy and customer services with his staff. The potential candidate will have a proven record of success in managing people and finances.

Ascending to the summit of a Discount Broker Department Manager is a calculated pattern of good decision and organization. The person who is efficient in preparation will be more then qualified and ready for the challenges of supervision of employees, customers, and securities. The career of a Discount Broker Department Manager successfully proves the adage that luck does, in fact, favor the prepared.

Showing schools in your area

Matching School Ads
5 Program(s) Found
  • Ready to earn your business degree? If you identify with at least one of the statements below, GCU could be a good fit for you!
  • I have worked in the business field for a number of years and want to further my education in order to qualify for promotions, leadership positions, and salary increases.
  • I am graduating from high school and am interested in pursuing a career in a business field, but I first need the skills experience.
  • I am interested in a Bachelor's, Master's or Doctoral degree in my specialized business area of focus.
  • I want flexible course offerings, such as the option of 100% online, evening or campus classes.
  • I need a university that provides quality educational offerings through academic excellence and real-world relevance. Does this sound like you? Apply today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Earn your Bachelor of Business Administration (BBA) 100% online
  • Learn business and leadership skills through case studies and intensive projects, culminating in a capstone course
  • Program designed to teach students key concepts in accounting, financial services, and marketing
  • South University brings over 115 years of achievement and tradition to a supportive, online classroom
  • We're now Non-Profit.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
4 Program(s) Found
  • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.
  • Online Courses
  • Are You a Natural Leader or Good with Numbers? Get Educated in the Business Field.
  • Build the Capabilities and Connections to Power Your Future.
  • Business Administration & Management, Accounting, Marketing Degree Programs and More From Top Colleges that Fit Your Needs.
  • Find Schools Online or Near You & Get Info for FREE Today!
  • Online Courses

Showing schools in your area

Matching School Ads
5 Program(s) Found
  • Ready to earn your business degree? If you identify with at least one of the statements below, GCU could be a good fit for you!
  • I have worked in the business field for a number of years and want to further my education in order to qualify for promotions, leadership positions, and salary increases.
  • I am graduating from high school and am interested in pursuing a career in a business field, but I first need the skills experience.
  • I am interested in a Bachelor's, Master's or Doctoral degree in my specialized business area of focus.
  • I want flexible course offerings, such as the option of 100% online, evening or campus classes.
  • I need a university that provides quality educational offerings through academic excellence and real-world relevance. Does this sound like you? Apply today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Online Bachelor's programs include BBA, Criminal Justice, Psychology, IT, Healthcare Management & Public Health
  • Over 115 years of delivering quality education and personalized attention to students
  • Provide a range of campus experiences and services online including advising, tutoring, student community, and career services
  • Give students and alumni access to career assistants who help with resumes, cover letters, job hunting, and more.
  • We're now Non-Profit.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
4 Program(s) Found
  • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.
  • Online Courses
  • Looking for an Online Business Degree Program That May Improve Your Career Options?
  • EarnMyDegree.com Can Help You Match Your Educational Goals With Your Desired Career.
  • Whether You Are Looking to Earn a Degree Online, or Study at a Nearby Campus, This Is The Place to Connect With a College That May Be Ideal for You.
  • Browse Through Our List Of Online Colleges and Traditional Schools to Determine Potential Places to Earn a Degree NOW!
  • Online Courses

Login to your account

Can't remember your Password ?

Register for this site!