Table 1Transition record

stock brokertofinancial broker

A stock broker already meets 79% of what the financial broker role asks for. The move turns on 3 required skills not yet in the profile.

From stock broker

79%

Overlap1

To financial broker

23 Skills carried over

3 Required, not held

21.7 Difficulty2

adjacent 0–30

moderate 30–55

substantial 55–75

career change 75–100

this move, 21.7

This move: 21.7 of 100 · adjacent

1 Share of the financial broker role’s weighted skill requirement already met by the stock broker profile. Required skills count in full, supplementary skills at 0.35. Directional: the figure for the reverse move differs. 2 Combines what is missing with how specialised it is, so a gap of general skills scores easier than the same number of narrow ones.

Table 2

Table 2 · What you already bring

Of the 23 skills that carry over, these are the ones fewest other occupations ask for. A financial broker role needs them, and most people applying for one will not have them already. This is the part of a stock broker background worth leading with.

Skill the target role also needs Area

already held trade securities communication, collaboration and creativity
already held operate financial instruments management skills
already held provide financial product information communication, collaboration and creativity
already held modern portfolio theory business, administration and law
already held provide support in financial calculation information skills
already held review investment portfolios communication, collaboration and creativity

All 23 carried skills, including the 13 the financial broker role treats as required.

Table 3

Table 3 · What you would need to learn

The 7 missing skills fall into 3 areas of the ESCO skill hierarchy, numbered below in the order worth working in: the areas carrying the most required skills come first, and inside each one the required skills sit above the supplementary ones.

Skill to acquire Tier

01 information skills 2 required, 2 supplementary

required, not held maintain financial records required
required, not held synthesise financial information required

optional, not held conduct financial audits optional
optional, not held provide cost benefit analysis reports optional

02 management skills 1 required, 1 supplementary

required, not held create a financial plan required

optional, not held optimise financial performance optional

03 communication, collaboration and creativity 1 supplementary

optional, not held handle financial disputes optional

Table 4

Table 4 · Where to start

The 3 entries a financial broker role is least likely to hire without. The ordering is computed from the skill data, not from what pays.

Each entry opens a course search for that skill. Career Overlap earns nothing from these links.

Appendix

Appendix · The rest of the record

All 23 skills that carry over

Skill Type

already held actuarial science knowledge
already held advise on financial matters skill
already held analyse market financial trends skill
already held apply technical communication skills skill
already held economics knowledge
already held financial jurisdiction knowledge
already held financial products knowledge
already held manage financial risk skill
already held obtain financial information skill
already held protect client interests skill
already held provide financial product information skill
already held securities knowledge
already held trade securities skill
already held banking activities knowledge
already held communicate with banking professionals skill
already held communicate with customers skill
already held handle financial transactions skill
already held maintain records of financial transactions skill
already held modern portfolio theory knowledge
already held operate financial instruments skill
already held provide support in financial calculation skill
already held review investment portfolios skill
already held trace financial transactions skill

4 supplementary skills, helpful but not required

Skill to acquire Tier

optional, not held conduct financial audits optional
optional, not held handle financial disputes optional
optional, not held optimise financial performance optional
optional, not held provide cost benefit analysis reports optional

15 held skills the financial broker role does not ask for

Skill Type

not needed by the target role accounting knowledge
not needed by the target role analyse financial risk skill
not needed by the target role assess risks of clients' assets skill
not needed by the target role asset management knowledge
not needed by the target role build business relationships skill
not needed by the target role create a financial report skill
not needed by the target role examine credit ratings skill
not needed by the target role financial markets knowledge
not needed by the target role forecast economic trends skill
not needed by the target role fundamental analysis knowledge
not needed by the target role holding company activities knowledge
not needed by the target role perform stock valuation skill
not needed by the target role statistics knowledge
not needed by the target role stock market knowledge
not needed by the target role tax legislation knowledge

Index

Other moves recorded from stock broker

Full index of moves from stock broker

Note

How this record was compiled

Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.