How Do You Get a Broker's License?

To get a stockbroker's license, acquire a bachelor's degree in business or finance, suggests, and then receive sponsorship from a brokerage, and complete at least four months of employment. Pass the required exams to acquire a broker's license, usually the Series 7 and Series 63 exams for most states.

Although it is not a requirement for a broker's license, most brokerage houses require entry-level broker's to have at least a bachelor's degree, states Work towards a degree in finance, accounting, business or economics. Join a business-related club or fraternity, and look for possible networking opportunities. For future career advancements, acquire a master's degree in finance or business administration.

Brokerage sponsorship and at least four months of brokerage employment are required to take broker's license tests, claims Paid sponsorships are rare, and unpaid internships are the more common route. Internships and sponsorships prepare individuals for the required broker's license tests with in-house classes and on-the-job experience.

The Series 7 exam is a six-hour test about general knowledge of the brokerage field, including securities, ethics and securities law, according to The Series 63 exam is a shorter test regarding transaction law and business practices. Additional licenses are required by some brokerage houses.

After acquiring a broker's license, expand your network and seek new clients, advises Investopedia. Make cold calls using a phone book to gain new clients. Call prequalified clients provided by your brokerage firm or marketing firms. Reach out to relatives and friends for referrals.