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
  • Boldly pursue your future in business with an online degree from Post University
  • Degrees at all levels with concentrations in Finance, Marketing, and much more
  • Ranked in the Best Online Bachelors Programs for Veterans by US News & World Report
  • Ranked in the Best Online Bachelor’s Programs by the US News & World Report
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Founded in 1949 as a private, accredited, nondenominational Christian university located in Phoenix, Arizona.
  • Its student-faculty ratio is 16:1 and 33.9% of its classes have fewer than 20 students.
  • Encourages students to find their purpose in Christ, with an emphasis on applying Christian values and ethics to the workplace.
  • Provides Student Success Webinars where tutors provide tips and tricks to help make college a little easier.
  • Offers programs in business, psychology, theology, engineering, communications, and more.
  • Online Courses
5 Program(s) Found
  • Earn a 100% Online Masters Degrees at ACU
  • Take Your Professional Career To The Next Level With An Online Graduate Degree
  • Online Courses
2 Program(s) Found
  • Our online program blends modern business theory with real-world applications
  • SACS accredited with associate's, baccalaureate, & master's degrees & diplomas
  • US News & World Report ranks Online Bachelor’s Programs among top 10%
  • Ranked one of the best for vets business schools by Military Times
  • Qualifying students can take faith in EPCI’s unwavering Fixed Tuition Pledge
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Everglades University
  • Earn a Degree in Renewable Energy, Online or On-Campus. Get Info!
  • 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
  • Boldly pursue your future in business with an online degree from Post University
  • Degrees at all levels with concentrations in Finance, Marketing, and much more
  • Ranked in the Best Online Bachelors Programs for Veterans by US News & World Report
  • Ranked in the Best Online Bachelor’s Programs by the US News & World Report
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Founded in 1949 as a private, accredited, nondenominational Christian university located in Phoenix, Arizona.
  • Its student-faculty ratio is 16:1 and 33.9% of its classes have fewer than 20 students.
  • Encourages students to find their purpose in Christ, with an emphasis on applying Christian values and ethics to the workplace.
  • Provides Student Success Webinars where tutors provide tips and tricks to help make college a little easier.
  • Offers programs in business, psychology, theology, engineering, communications, and more.
  • Online Courses
5 Program(s) Found
  • Earn a 100% Online Masters Degrees at ACU
  • Take Your Professional Career To The Next Level With An Online Graduate Degree
  • Online Courses
2 Program(s) Found
  • Our online program blends modern business theory with real-world applications
  • SACS accredited with associate's, baccalaureate, & master's degrees & diplomas
  • US News & World Report ranks Online Bachelor’s Programs among top 10%
  • Ranked one of the best for vets business schools by Military Times
  • Qualifying students can take faith in EPCI’s unwavering Fixed Tuition Pledge
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Everglades University
  • Earn a Degree in Renewable Energy, Online or On-Campus. Get Info!
  • Online Courses

Login to your account

Can't remember your Password ?

Register for this site!