Friday, July 25, 2014

Engineer as Brokers and Traders

by Charles Gonzales Gagui - CleVer Vibration

Brokers and Traders
Average Monthly Salary: 17,300 U.S. dollars


Interior of Chicago Board of Trade
Photo: Daniel Little
Why brokers and traders? If you think a business degree is required to enter this field, it's unfortunate, but you have probably been misled. Once you get to the workforce, you will understand that this opportunity is now a desirable job for people with an engineering major. 

For any person to be a broker or a trader, they will need a license to buy or sell securities. To every country there are specific requirements to this, but generally they will need a degree for you to be able to get required exams that they need to pass before getting this license. Check your National Securities and Exchange Commission of your country. After acquiring a license, they will become a member of the stock exchange and then-after able to buy or sell stocks.

Engineers have the advantage as they can develop mathematical models from trading patterns and signals. Prevalent to engineers to do trading part time as sometimes trading are treated as common knowledge. Full-time traders with engineering majors only ramp-up to this profession when their main income become dominant through trading.

Economics is a general study for all engineers. Once you started learning your maths and come across trading, your maths are just application of those. It is advisable to take additional classes in business, finance and sales, if your curriculum can accommodate them. 

Again, it does not matter what field of Engineering to have a successful career in brokering or trading. However, it is important to know that sales experience is a valued asset for a brokerage position. Look into sales engineering position once you graduate then start making your way to a brokerage firm. 

Mainly, sales engineers apply engineering to handle and understand of engineered services and products before offering them to consumers.

back to Choosing an Engineering Course main article...

2 comments:

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