Well that's as funny as it is useful I realize it is a very pedestrian question but I am a newcomer and I would like to learn from someone more knowledgeable; apparently it won't be carinazhou. A stockbroker sells individuals financial instruments and often acts as a financial adviser. You personally will probably have a stockbroker execute orders on stocks, bonds, mutual funds, etc. He is an intermediary between you and the markets.

If the trade is sufficiently large, the commission can be very high. An investment banker is an adviser to companies looking to raise money, to buy another company or sell itself to another company , or to retool how its finances are currently set up.

Investment banking groups that raise money are called debt capital markets DCM groups bonds and equity capital markets ECM groups stocks ; ECM handles initial public offerings IPOs. Retooling finances, or reorganizing debt and equity for companies in or about to enter bankruptcy, is handled by the restructuring group.

The question arises how investment banks differ from commercial banks; generally, investment banks make money from advisory fees and loan little of their own money, instead matchmaking creditors and debtors here's where traders may come in.

There's much more to it but that's an overview. Stockbrokers deal with the public, whereas traders and investment bankers deal with companies. Do you mean a a retail broker or institutional broker? Institutional brokers are closer to traders as they work very large orders and make decisions based on liquidity just like a trader would. But since a broker rarely taking a position its not really fair to call them a trader because they assume no risk and simply charge a commission for execution.

Floor brokers on the NYSE make. Institutional brokers make between. Are there traders in ibanks? What exactly is the difference between brokers and traders? Depends what kind of broker you're talking about. A broker in the interdealer broker category matches buyers and sellers in the stock market. These buyers and sellers are traders normally and, at its simplest, one wants to sell x amount of shares and one wants to buy x amount of shares.

The brokers job is to match the two acting as an intermediary, taking a comission for the privilege. Therefore they don't take positions in the market. They figure out how to capitalize on the markets. The day-to-day volatility of the markets is critical to the job.

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It can be very high stress. Traders tend to be smart, industrious, and more "gritty" than brokers. Although there are traders everywhere, NY is the mecca. Their investment horizons for the clients is usually long term investing so the day-to-day volatility is less critical.

They are the tentacles that gather money. Brokers need to be relentless and charismatic. You can live anywhere and be a successful broker. In my opinion, investment banking carries the most cachet. It is "white shoe. You need to be top tier to get the job.

You got to be top tier to keep the job. Horrific hours during early years but certainly six figure pay. How difficult is it to break into each field? Let's look at the organization of Morgan Stanley. It is definitely easiest to get a job as a broker tho damn hard to "make it" and make a living when salary tapers off.

At MS , it is much more difficult to get a job as a trader or an investment banker. I'm genuinely curious as to how it's wrong or very incomplete. What specifics are wrong or very incomplete? My guess is that you're a broker. I'm a broker myself with zero banana points Please bless the internet blogs with your enlightenment.

This is my first time posting something on an internet site so I don't know proper mannerisms but I work out of NYC and LA I'm not big on internet arguing but I am happy to meet-up so you can tell me about said "stupid shit. If you have to ask, you're an idiot or just a troll. Both of them are annoying and uninteresting.

LIBOR - I apologize for not creating an account under circumstances that are acceptable to you. What is the appropriate time frame in which it is acceptable to create an account in order to write a comment? I'm not hip to blogosphere culture. Jerome - I have to ask, how is the "you're an idiot" comment a specific of the flaws of my initial comment? I don't know what "troll" means but I imagine it has something to do with you still being a virgin at age I don't spend time in Chicago because I'm not Polak that scams people on derivative deals but if you ever make it out of middle America, I'll gladly strip you of your bone Marrow and stuff it down your urethra.

Stop threatening each over the internet while pretending the other guy is the only one who's doing it, and talk about careers in finance. Exist mostly at prop trading firms and hedge funds and Investment Banks before the gov banned them. Agency Trading- Where you simply execute orders for clients.

Exist at both banks and independent firms called brokerages; difference being that smaller agency-brokers are pure middlemen and only fulfill orders while large banks have a lot more going on.

Traders are at the top of the food chain - entire teams in the back and middle office support all their trades and fix annoying IT issues for them. They analyze equities, derivatives, fixed income, forex commodities, and anything else they might be trading and decide on what to trade, what strategies to pursue, and how to invest the firms money.

Technically brokers suppert the traders but they're completely different from the back and middle office crew. They're all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard.

Hey, first time posting here, complete and total noob at this just got out of college so please bear with me. I been sending out my resume to companies through monster and careerbuilder and I got a response from a company called "Arjent LLC". Has anybody heard of them? Its a "Investment Bank Broker Trainee Position" and honestly I don't know if it's a scam or not.

I've heard from my brother and friends that they have been offered training positions that have ended up being scams. Anyways any information would be appreciated. Here is the posting to the job on monster: IB PE HF RE CO TR AM ER CF ALL JOB BSCH OFF FASH TREND BEST.

Home Forums Sales and Trading Forum Trader vs Broker vs I-Banker. What exactly is the difference between a stockbroker, an investment banker, and a trader? Log in or register to post comments. Sorry, you need to login or sign up using one of the blue buttons below in order to vote.

As a new user, you get 3 WSO Credits free, so you can reward or punish any content you deem worthy right away. See you on the other side! Investment Banking Interview Questions. Hedge Fund Interview Sample Pitches - Long and Short.

The hours worked also varies, with banking being the highest. LBO Modeling Tests for PE Interviews. Wall Street Prep Discount - Financial Modeling Courses. Investment Banking Interview Case Samples.

Toughest PE Interview Questions. Hedge Fund Pitch for Interviews. I'm two years late but I see it like this Private Equity LBO Modeling Tests. Modeling Training - Special for WSO Members. I find it odd that you made an account to respond to a thread from two years ago I'm 24 and make 35k.

The closest I get to a G5 is listening to rap music. Financial Modeling Training Self Study Courses. There's also a large difference between sell-side and buy-side traders.

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Go stand in the corner. Most of my brokers drive astons. Private Equity Case Interview Samples. Private Equity Interview Questions. Hedge Fund Pitch Template. Investment Bank Interview - Toughest Questions. Must Reads on Wall Street Oasis. Anatomy of a 10k. My fool proof HF research process revealed here Where are you applying? Entry into I-Banking Firms hiring entry level brokers or traders.

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Passengers now benefit from a database of nearly 1, local taxi pricing formulas throughout North America, Europe and Asia I'm truthfully also just having a harder time getting a read on conditions than at any point in my career, so that is prompting both frustration and introspection], and just for work-unrelated reasons, I have a bit more free time on my Most Frustrating Job Search Stories So I'll try to be short, but I had an incredibly frustrating story that I need to vent.

So before the hardos on here come at me saying "Youre just mad you didnt get the position", let me say that you are completely right and I'll explain why.

I graduated from a small but Self-Important Graduation Posts on LinkedIN Has anyone else been on LinkedIN lately to see a bunch of posts something along the lines of "Pleased to announce I graduated honors degree from ivy league school and will spend the next year volunteering to save the sea turtles from racial microaggressions before beginning my job with This Is What I Read Every Morning.

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Forum Topics New Popular Comments. I would love to be able to include this on Can we just send off Goldstein and JoblessJoe into the abyss already? Like these two clowns are perfect for each other. We should send them off together so they can wallow in their misery. However, call me crazy, but a part of me does feel they may be the same person New Case Webinars in WSO Hedge Fund Prep Pack Over the last 12 months, we have made a big effort to improve our hedge fund interview prep package by bringing to you relevant webinars with interview advice and actual investment pitch walk Advice on a career as an analyst Hello guys!

I want to take on a career as a financial analyst.

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I am currently majoring in BA and finance, Any advice on where to start, I mean at least in this modern world, what are the jobs offered Why does everyone want to be an analyst not a broker making way more money? It seems everyone wants to be an analyst and not a broker. Am I missing something? A broker often makes over an analysts entire salary in one deal.

It appears a good broker with a top 5 shop in most Here Is Some Social Media Advice GmatClub Posted these tips aimed at MBA applicants, but can be useful for anyone. Figuring that a lot of us one here are getting ready for recruiting in the fall, I thought these would be helpful Should I stay as a Sales Rep for Oracle or take up Management Consulting Position at Accenture?

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I'm working on a summer research project, and have received offers from Booz Blackstone RE interviews - best interview guide to use? Hi all, I am a frequent browser of WSO, but an infrequent poster.

I have a family connection at BX and would like to be as prepared as possible for an interview. I understand there are free guides Had planned to go to NYC this summer to meet with a couple alumni for coffee chats. I've already talked on the phone with a couple of bankers and made connections but I wanted to go the extra mile So before the hardos on here come at me saying "Youre just mad you didnt get the position", let me say that you Jun 13 - New York City - Financial Modeling Boot Camp -- June 14thth, Jun 14 - 8: Jun 15 All day to Jun 16 All day.

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