Career Information > BFSI > Equity Dealer

Last Updated on :19/12/2018
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Equity Dealer

Aliases: Equity Research, Financial Instrument Dealer, Equity Research Analyst, Equity Sales Officer

Industry/Sector(s): BFSI


JOB DESCRIPTION 1

The tasks an Equity Dealer is expected to perform include:

  • Buying and selling investment and financial instruments like stocks, bonds, commodities and mutual funds on behalf of the customer
  • Providing market insights and investment advice to clients as per organizational standards and procedures
WORK ENVIRONMENT 1, 2
  • It is a desk job
  • Need not handle a team
  • Local travelling is not a part of this job role
  • Part-time work or contractual jobs are not available
  • Work from home option is not available
Working hours
  • Organizations usually work for 5/6 days a week and 8/9 hours everyday. This may vary from organization to organization
  • Shift system is not available
  • Overtime may be involved
Is the job suitable for a candidate with special needs?

This may vary from organization to organization

EDUCATIONAL QUALIFICATIONS AND TRAINING 1
  • Preferably, 12th
  • Certified training for Equity Dealer (programme aligned to BSC/Q 0201 released by BFSI Sector Skill Council of India)
KEY COMPETENCIES 1
  • Knowledge of different types of securities like stocks, bonds, etc.
  • Knowledge of basic accounting concepts and principles like balance sheet, profit/loss, journal, ledger, etc.
  • Knowledge of financial markets
  • Proficient in carrying out secondary research to develop market insights
  • Proficient in IT processes to raise queries and resolve minor technical problems
  • Knowledge of controls and processes for operating exchange terminal
  • Knowledge of economic concepts like Gross Domestic Product (GDP) growth, macroeconomic indicators, etc..
  • Knowledge of factors influencing prices at which securities are bought and sold like global conditions, financial results of the company, etc.
DESIRABLE COMPETENCIES 1
  • Training in NCFM (beginners or dealer’s module) certification or NISM (Module 7) certification
  • Good numerical and analytical skills
  • Excellent communication skills
AVAILABLE SKILL TRAINING AND LEARNING INSTITUTES 
  • BSE Institute Limited
    www.bsebti.com/

     
  • Oxford Software Institute
    www.oxfordinstitute.in/

     
  • National Stock Exchange of India Ltd.
    https://www.nseindia.com/
AVAILABLE SKILL TRAINING SCHEMES/SCHOLARSHIPS 

For scholarship and schemes, use further links like:

SAMPLE OF TRAINING AND LEARNING COURSES 

http://www.kredentacademy.com/equity-dealer-program.aspx

CAREER PROGRESSION PATH 4

Portfolio Manager

           ↑

Equity Manager

          ↑

Equity Dealer

The progression is indicative

EXPECTED EARNINGS 3
  • For candidates with experience – Rs 19,000 to Rs 20,000 per month

These figures are indicative and subject to change

REQUIRED WORK EXPERIENCE 1

Generally, relevant work experience is required

PROBABLE EMPLOYERS 3
  • Broking firms
  • Investment banking firms
KEYWORDS 
  • Equity Research
  • Financial Instrument Dealer
  • Equity Research Analyst
  • Equity Sales Officer
OCCUPATIONAL CODES AND STANDARDS 
StandardCodeDescription
NCO 20153311.0201Equity Dealer
ISCO 20083311Securities and Finance Dealers and Brokers
NIC 200866309Management of other investment funds
QP ReferenceBSC / Q 0201Equity Dealer
NSQFTBDNot available
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