Have you ever wondered what it takes to become a successful trader in today’s markets? If there is one thing you should know, it is that it takes a solid understanding of how the markets work to be successful as a trader. Not all markets work the same; some are open, and some are not. Unless you have a strong grasp of how each financial market works, it would be like playing Russian roulette to get a win. If that is the line of work you would like to make a profession of, then the best advice you can be given is to study for an MBA or DBA to get the background in finance you would need. If you are still wondering why that graduate degree prepares you for life as a trader, these 5 reasons why traders should make it clear.
Covered Topics
1. A Background in Market Technology
As mentioned, in order to be successful as a trader you would need to know how the stock market works. Long gone are the days when a trader would stand in a crowded room calling out their orders. Yes, some traders still work this way, but most will now buy and sell online. As a very important segment of the financial arena, the market is taught in any respectable MBA or DBA program. This would not only include definitions of key terms used in the various markets, but you would be introduced to the technology used in trading. Each market has its own platform, and these are things you’d need to be comfortable with. Getting an online DBA would not only teach you advanced trading techniques but it would also give you the qualifications you’d need to start your own trading or investment firm.
2. Professional Networking Made Easy
One of the things which most graduate students worry about is getting their foot in the door of the company they dream of working for. Oddly, this may not be as big a concern as you would imagine simply because an online DBA programme at Aston University is professional networking at its best. Not only is Aston University’s Doctor of Business Administration programme accredited and recognised globally, but it is an award-winning programme highly recognised in the financial arena. As you get closer to your thesis for your MBA or dissertation for your DBA, you will realise that these will be widely read outside the university as well. Once published, trading and investment firms will be reading through to find top talent to join their teams. This really is professional networking made easy.
3. The Connection Between Trading and Investing
Another area of study that you will be glad to have mastered is the connection between trading and investing. Most traders can also counsel their clients on where best to place their earnings for maximum growth. They will know which short-term markets are forecast to rise quickly and will also be able to read various economies to know which long-term investments are forecast to have the highest gain. It is not only good business but also ethical practice as well to counsel clients on safe trades and investments based on current geopolitical and financial events.
4. Necessary Qualifications as a Trader or Broker
This is a very important reason to get a degree at any level to trade on the open market. In the United Kingdom, there is a regulated Securities Representative Qualification Examination that must be passed in order to trade for anyone but yourself. If you want to be in business as a trader, the minimum requirement is generally a four-year degree but a graduate degree such as an MBA or DBA will surely help you qualify as a broker.
The exam is just part of the qualification process as you will learn, but also important would be the ability to prove good moral standing and a background in finance and business. This particular qualification exam is the same in most developed countries and in the UK, it is developed as well as maintained by the FINRA, Financial Industry Regulatory Authority, an international organization.
5. That Extra Element of Trust
While there are times when that undergraduate degree will help you get your foot in the door to a Brokerage, you would be one of many traders on the floor. As a professional holding an MBA or DBA graduate degree, you will automatically have that extra element of trust. Even those traders and investors out there who are new to the market understand that it takes strength of character, a good moral compass, and a high level of financial expertise to have made it that far. Although it is the same in any industry, when you are working with huge amounts of money, trust is often the determining factor when choosing a trader or brokerage to place investments in.
A Few Key Takeaways
With a strong background in economics, your MBA or DBA will help you be prepared to read the market even when the smallest hints go unnoticed by most traders. It’s this advanced level of computer science, mathematics, and even history that will enable you to be a step ahead of the crowds when projecting future losses or gains. Your history of making a profit for your clients will speak for itself and you should grow a sizeable clientele over time.
Bear in mind that consumers of today are much savvier than any generation that has gone before. Most are computer literate and will quickly research traders and brokerages they are considering. Not only will your success rate recommend you to new clients but that graduate degree will speak of your knowledge, expertise, and work ethics. If you want to succeed, you need to have that extra something to offer potential clients, and that would be your degree leading up to your regulated securities qualifications. With that in mind, don’t you think it is time to pursue a degree that opens so many doors for your future?
