Securities agents, investment dealers and brokers (NOC 1113)

About this job

Securities agents, investment dealers and brokers:

  • buy and sell stocks, bonds, treasury bills, mutual funds and other securities for individual investors, pension fund managers, banks, trust companies, insurance firms and other establishments
  • buy and sell stocks, bonds, commodity futures, foreign currencies and other securities at stock exchanges on behalf of investment dealers
  • work for investment companies, stock brokerage firms, stock and commodity exchanges and other establishments in the securities industry
Common job titles
  • annuity representative - investments
  • arbitrager
  • broker, commodity - grain, energy
  • representative, investment / securities
  • sales agent, mutual funds / securities
  • stockbroker
  • annuity representative - investments
  • arbitrager
  • broker, commodity - grain, energy
  • broker, financial
  • dealer, bonds / stocks / foreign exchange
  • representative, investment / securities

Earnings

Annual provincial median salary

$50,138

Source: 2016 Job Bank Wage data

Note:Estimated median employment income based on 2016 Job Bank median hourly wage rate (median annual salary = hourly wage rate x 40 (hours per week) x 52.14 (weeks per year))

Provincial hourly rate

  • High
  • Median
  • Low

Source: 2016 Job Bank Wage Report

Duties

Securities agents and investment dealers:

  • develop long-term relationships with clients by preparing investment strategies to help them achieve their financial goals
  • review financial periodicals and develop a network within the financial industry to gather relevant information and identify potential investments for clients
  • carry out investment orders by buying and selling stocks, bonds, treasury bills, mutual funds and other securities for individual investors, pension fund managers or companies such as banks, trust companies and insurance firms
  • oversee client investment portfolios and ensure that investment transactions are carried out according to industry regulations

Brokers:

  • buy and sell stocks, bonds, commodity futures, foreign currencies and other securities at stock exchanges on behalf of investment dealers
  • develop trading strategies by reviewing investment information and monitoring market conditions from the exchange floor and through contact with trading departments of other investment firms, pension fund managers and financial analysts
  • make bids and offers to buy and sell securities and complete details of sales on exchange trade tickets
  • prepare reviews of portfolio positions

Work environment

Work in this occupation is typically performed in a structured environment, such as an office

Job requirements

Education, training & qualifications

  • a bachelor's or master's degree in economics, business or other discipline is usually required.
  • Securities sales representatives and brokers require completion of industry investment and sales training programs and completion of the Canadian Securities course and the Registered Representative Manual Exam offered by the Canadian Securities Institute
  • specialized courses are also available for securities sales representatives and brokers who want to trade in specific investment products such as securities options and futures contracts
  • licensure by the provincial securities commission in the province of employment is required for securities agents, investment dealers and brokers

Skills

  • Clerical Ability
  • Numerical Ability
  • Detail-Oriented
  • Finger Dexterity
  • Social
View skills definitions

Education programs in B.C.

The following program areas are related to this occupation:
  • Business Administration/Management/Commerce
  • Economics (Arts)
  • Economics (Science)

For more information about programs offered specifically for this career, visit EducationPlannerBC.

Select a region to view regional outlook
Vancouver Island / Coast Mainland / Southwest Thompson-Okanagan Kootenay Cariboo Northeast North Coast & Nechako
Cariboo
Employment in 2016:
0
Average annual employment growth:
N/A
Expected number of job openings:
N/A
Kootenay
Employment in 2016:
50
Average annual employment growth:
N/A
Expected number of job openings:
N/A
Mainland / Southwest
Employment in 2016:
1,920
Average annual employment growth:
1.2%
Expected number of job openings:
830
North Coast & Nechako
Employment in 2016:
0
Average annual employment growth:
N/A
Expected number of job openings:
N/A
Northeast
Employment in 2016:
0
Average annual employment growth:
N/A
Expected number of job openings:
N/A
Thompson-Okanagan
Employment in 2016:
90
Average annual employment growth:
N/A
Expected number of job openings:
N/A
Vancouver Island / Coast
Employment in 2016:
220
Average annual employment growth:
2.2%
Expected number of job openings:
130

N/A - Data not available

Source: B.C. Labour Market Outlook

Career paths and resources

Career paths

Promotion to related management positions is possible with experience.

Additional resources

Additional resources are not currently available for this career.