How good do your maths skills need to be to be a stock broker?

Ultimate: How good do your maths skills need to be to be a stock broker?
Do you need to be good at arithmetic or do you need advanced maths skills. i know that there are business formulas but i want to know about maths equations etc.

Answers and Views:

Answer by Cmon Sense
A stock broker needs to know how to add, subtract , multiply, and divide. More advanced forecasting equations will be done by computer.

Answer by Ron B
I trade every day. I can do what I need to do by using math no higher than the 4th to 6th grade elementary school level. BUT becoming a broker involves much, much more than math.

Call your stock broker or any broker and ask him or her. You will have your eyes opened very wide!

VTY,
Ron B

Answer by ziggydiggy1
A retail broker’s job isn’t about asset pricing or designing profitable strategies in the market. The job is about teaching everyday investors and transacting on their behalf. I would say that if you can add, subtract, multiply, divide and take the occasional square root you’ll be all set.

However, institutional or investment banking careers with international banks’ headquarters (i.e. equity sales/trading, M&A, algorithmic arbitrage) often use equations that make your head spin.

When you compare these different types of jobs math is the last thing that should concern you though. The everyday activities, hours, competition, and job security are far different as well.

Answer by jeff410
Just good enough to count your commissions. Sixth grade math should do. Being a stockbroker is about sales, not math.

Answer by Dave
Being a stock broker is about sales, not math, however some brokerage firms require a math test. It’s all basic stuff – adding, subtracting, multiplication, division, square roots, etc.

Just make sure you can do it long-hand. They may or may not let you use a calculator.