Bond Broker Career Profile

A bond broker is a great job that is challenging and will keep you on your toes from morning till night. If you are someone that loves a challenge and has great math and analytical skills, this is the job for you. You must also be able to communicate well with clients over the phone and via e-mail,

You are required to have a graduate degree from a top business school with specialization in mathematics and business. Apart from this, you need to pass a special exam, the General Securities Representative Exam. A score 70 percent is required to pass this exam. There are courses that help you to prepare for this exam. You can also intern with a bond broking firm to get impressive credentials.

Basic Tasks

Bond brokers are basically middlemen who deal with both institutional investors and traders and ensuring that the transfer of bonds takes place. This requires strong communication skills. A bond broker has to spend the day analyzing data on a computer screen and talking on the phone most of the day. This job requires an enormous amount of multi-tasking skills.

Hours and Salary

A bond broker keeps early morning hours and must be available when the market opens. Apart from this, a bond broker has to find the time to talk to clients and sell the bonds and their services. A bond broker has to read all the financial papers and news that comes their way.

A bond broker starts with a salary of around $30,000 and this can be as high as $90,000 as the broker progresses in his career.

Job Opportunities

A bond broker can work with institutions such as banks, credit unions, or other financial institutions. The bond broker typically trades in bonds, which are fixed income securities. A good broker can make a substantial increase to their income with commission and bonus incentives.

A good bond broker works to lessen their client's risks and liabilities by investing in bonds. This requires a high level of mathematical and analytical skills. Also, a bond broker needs exceptional communication skills as well - both written and oral. Besides, a bond broker must be willing to put in long hours of work, staring their day very early. This is a challenging job, and is only suitable for those who love a challenge. The pay, however, is commensurate with the efforts that the broker puts in. Coupled with the bonus incentives and commissions a bond broker can expect to have a very high income.

A career of a bond broker is financially rewarding. You will need to have a good grasp of mathematical skills, relevant degree from a top college with good analytical background and a good personality. The competition is fierce many employers are looking for a person with a new style who can cope with the fast pace of computer-based trading systems today.