A stockbroker invests in the stock market for individuals or corporations. Only members of the stock exchange can conduct transactions, so whenever individuals or corporations want to buy or sell stocks they must go through a brokerage house. Stockbrokers often advise and counsel their clients on appropriate investments. Brokers explain the workings of the stock exchange to their clients and gather information from them about their needs and financial ability, and then determine the best investments for them.

Low-end Salary: 
Median Salary: 
High-end Salary: 

The job market for a stockbroker prefers that you have a college degree in a related field such as mathematics or business. Stock brokers have to be duly licensed by passing the General Securities Representative Examination and by posting a bond. Brokerage firms usually take their applicants into a four-month intensive on-the-job training to prepare their employees for the licensure exam. Aside from the general licensure exam, most states also require the Uniform Agents State Law examination.

Math Required: 

College Algebra
Calculus I and II
Mathematical Economics
Game Theory (useful)
Statistics for Economists

When Math Is Used: 

Stockbrokers use math all the time from simple things like how many shares of XYZ can a client buy with $10,000 if the commission is $55, to advanced calculation when helping a client plan for retirement factoring in current assets, expected returns, inflation, taxes, and living expenses.

A stockbroker also uses math to evaluate stocks and mutual funds. Items such as PE Ratio, Alpha, and Beta can indicate if a stock has become overpriced relative to its peers and the level of risk associated with certain funds. It is important that stockbrokers understand how these calculations are determined so that they will better understand what the results mean and how changes in variables are likely to effect the given results.

Potential Employers: 

Although stockbrokers are employed by firms in all parts of the country, about 1 in 10 jobs were located in New York City, including the majority of those in investment banking. Because of their close relationship to stock exchanges and large banking operations, most of the major investment banks in the United States are based in New York City.


Part of being a stockbroker is the need to communicate really well. If you are a shy type then you can forget about your dreams of becoming a stockbroker. A stockbroker is typically highly confident and needs to communicate with buyers and sellers and with fellow brokers.


Know of a math-related career or how one uses math? Submit a career entry to the site!

You must be signed in. Don't have an account? Register here!

Quote Of The Day

"We use mathematics in most of our work—generally not the high-level material we had to master for the actuarial exams, but it has to be combined with problem-solving skills, people skills, and common sense. This is what makes the work challenging."

— Regina M. Berens

Consulting Actuary
Muetterties, Bennett and Associates


I talk to a lot of people who think that math is just a string of formulas, equations, and rules that someone just made up.   They think that if you want to be good at math, you should memorize all the formulas and follow all the rules, just the way the teacher tells you, and then you get an “A.”   Boring!  No wonder so many people ask, “When will I ever use this math?”

Luckily math is not just about memorizing formulas and rules....

previous posts