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, 12^th
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

SAMPLE OF TRAINING AND LEARNING COURSES

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

Standard	Code	Description
NCO 2015	3311.0201	Equity Dealer
ISCO 2008	3311	Securities and Finance Dealers and Brokers
NIC 2008	66309	Management of other investment funds
QP Reference	BSC / Q 0201	Equity Dealer
NSQF	TBD	Not available

REFERENCES

1	https://www.glassdoor.co.in/Salaries/equity-dealer-salary-SRCH_KO0,13_SDAS.htm

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