STOCKS BROKERS
STOCKS BROKERS
How long does it take STOCK BROKERS to start really making money?
Iam 14 years old and I want to be a stock broker when I grow up, but I want to know the average it takes for stock brokers to start making good money.
You begin making money upon getting hired for a job! Keep in mind that your first job as a broker won't be for yourself--you will be working for a firm. They usually stick the new hires in cold-calling positions and sales positions where you sell products for commissions. During this time, you may or may not make good money immediately, as it takes time to refine your skills and get the commissions going. But you'll be working for experienced firms and have a mentor of sorts so it shouldn't be too bad. After a couple years, you could probably apply for a different job such as financial planner or maybe go into another segment of the business. You will also spend a portion of your time studying for and obtaining your series 6, 7, 63 and other trading licenses.
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