Top 10 Careers in Stock Market (With Duties and Salary)
With the use of Indeed’s data and insights, the Indeed Editorial Team is a diverse and brilliant group of authors, researchers, and subject matter experts who provide helpful advice for navigating your career journey.
The stock market offers a platform for a variety of exciting financial job possibilities. Professionals in this industry who have a good deal of knowledge and expertise can quickly earn enormous sums of money. If you’re thinking about a career in the stock market, it can be helpful to look at the range of positions available in this industry. The top 10 stock market careers, along with their prospects and income potential, are examined in this article.
What are the career options in stock trading?
A stockbroker is one of the well-known professions connected to the stock market. Brokers are professionals with extensive understanding of the stock market who work with customers to complete deals. Professionals in stock trading have a number of other lucrative options in addition to brokerage. Data analytics, consulting, research, and portfolio management services are a few of the most well-liked options. For each of these employment roles, a different set of abilities, credentials, and on-the-job training are necessary.
For instance, researchers acquire and compile data to draw conclusions and observations, whereas analysts analyse stock market data to produce valuable insights about market risk and performance. However, administrative specialists oversee mutual and hedge funds and carry out financial plans to boost the success of client portfolios.
Top 10 careers in stock market
Consider these job roles if you are interested in starting a career in the stock market:
1. Market research analyst
National average salary: ₹2,32,437 per year
Market research analysts are primarily responsible for gathering and compiling consumer and competition data for businesses. Analysts analyse this data to offer their employers or clients insightful information. To assist a buyer in making an investment decision in the stock market, a research analyst may look at the performance history of a company or its shares.
Additionally, they could conduct research to support businesses through operations like IPOs and expansion (Initial Public Offerings). Equity and stock frequently exhibit characteristics of goods or commodities, the performance of which is influenced by supply and demand variables. Using their knowledge of these market factors, market research analysts create carefully curated investment portfolios and financial strategies to successfully navigate a market at any given time.
2. Dealer
National average salary: ₹2,63,847 per year
Dealers’ main responsibilities include purchasing, holding, and selling equities on a stock exchange. To make a profit, they try to buy stock before demand spikes and sell it to prospective buyers at higher prices. A trader conducts transactions for their own benefit and financial gain. On the other hand, a broker merely arranges these transactions in order to earn a commission. A dealer acts as a business and typically has a higher scale of activities, which is the distinction between dealers and traders.For instance, a trader might buy 100 shares of a stock, sell them all for a tiny profit, and then decide whether to reinvest the money or take it out. Conversely, a trader obtains a substantially greater quantity off.
3. Trader
National average salary: ₹2,82,428 per year
Primary responsibilities: Stock market traders are those who frequently buy and sell stocks and other securities in order to make money. To maximise earnings, they strategize, pinpoint entry and departure locations for share values, and execute the required transactions. They operate differently than investors because they aim to profit financially from momentary changes in the market. In order to maximise their returns, investors typically employ long-term financial strategies and start with higher beginning capital than traders. Trading has enormous earning potential but comes with a lot of risk.
4. Investment consultant
National average salary: ₹4,15,272 per year
Primary responsibilities: Traders are those who routinely buy and sell stocks and other securities on the stock market in order to make money. They plan ahead, determine the best times to buy and sell shares, and execute the necessary deals to maximise earnings. Their approach differs from that of investors in that they attempt to profit financially from transient changes in the market. Investors typically start with more money than traders do, and they adopt long-term financial strategies to increase their earnings. Despite the significant danger, trading has a very high earning potential.
5. Financial analyst
National average salary: ₹4,25,941 per year
Primary duties: Financial analysts are professionals who collect, organise and interpret financial data to provide forecasts, track metrics and create simulations or financial models. Companies often require the help of analysts to make consequential financial decisions. Analysts provide insights and inferences to help their clients get a comprehensive understanding of market scenarios before making large investments. Professionals in this domain may work independently or as part of the regular staff of a company.
6. Fundamental analyst
National average salary: ₹5,09,042 per year
Fundamental analysts are experts who conduct in-depth analysis of a business, a stock, or a market to identify the inherent value or hazards related to financial decisions and transactions. To produce these insights, they may analyse a variety of variables and indicators, such as financial stability, growth potential, total capital, return on equity, and profit margins.
7. Risk analyst
National average salary: ₹5,23,965 per year
Fundamental analysts are specialists that do in-depth research on a company, a stock, or a market to find the risks or intrinsic value associated with choices and transactions involving money. They may examine a range of factors and indicators, including financial stability, growth potential, total capital, return on equity, and profit margins, in order to generate these insights.
8. Equity analyst
National average salary: ₹5,67,701 per year
Primary duties: Equity analysts assess a company or stock’s performance history and analyse market trends to predict its performance for future periods. They use their specialised knowledge and understanding of finance to help clients make informed decisions relating to transactions and investments. They may also periodically track indicators to monitor the performance of stocks that their companies or clients hold. This job role involves heavy research and requires advanced analytical skills and business intelligence, along with financial and legal literacy.
9. Investment banker
National average salary: ₹5,97,078 per year
Primary duties: Investment banking is a subset of banking operations that enables companies or individual investors to raise money and resources for business activities and increase capital. Professionals in this domain are experts in economics and finance and devise methods and strategies to help clients meet their financial goals. They may act as a consultant and provide advice, or may even stand in as an intermediary to facilitate transactions following a systematic pre-determined strategy.
10. Technical analyst
National average salary: ₹7,59,023 per year
Primary duties: A technical analyst is a professional statistician who evaluates investment decisions by studying market data and technical indicators. They try to understand market behaviour and price movements using raw data and assume an advisory role to their clients at times. The technical indicators they use are tools related to methodologies involved in studying different aspects of a market or stock, like volatility, strength, demand and potential. Prominent indicators include Bollinger Bands, MACD (Moving Average Convergence Divergence), MFI (Money Flow Index) and RSI (Relative Strength Index).