Economis and Its Profession

Economics and Its Profession

In today's society, you have to make something out of yourself and if you don't, then

you are considered a "nobody". People are praised on how much work, time, and effort they

put into their trade. People are respected for getting a career that is considered "elite" in

this society. They are rarely looked down upon because they actually spent the time

working hard to become something great, something better than everyone else. For me, it's

not about being better than someone else; it's about getting the respect that I deserve for

working hard at getting to where I am in my career. The career I want to get respect in is in

the field of Economics. More specifically in the field of economics, I would like to become a

stockbroker. I have grown up knowing about this profession through my step-dad, who

plays in the stock market himself. As a broker, you have to know a lot, and I mean a lot

about the stock market to be any good at it. You have to know a lot of math and how to deal

with percentages. You also have to do your "due diligence" which basically means, study up

on the stocks you want to invest in and make money on. It also takes some historical

knowledge because the market does work on a basis of trends and patterns. Honestly, you

can't really tell what a stock will do, even based on their earnings. It's a big gamble to invest

in the stock market, especially if you don't know what you're doing. It can really make ore

break people because of what can happen. You can lose all your money in a split second or

double your money in the same way. It's a very risky business, but I'm really looking

forward to it.

I chose this career path because of my step-dad like I had stated in the previous

paragraph. But the biggest reason I chose this career is to make a lot of money. I want to

live an elegant and extravagant lifestyle, not needing to worry of how much money I have

left in the bank. I don't want to worry about whether I can provide for my family or not or if

I am going to have food to eat for the night. It's that type of thought process that keeps me

motivated and keep going in pursuing this career. The possibilities with money are really

endless in this field. Another aspect of working as a stockbroker is the people. I want to be

around well-educated people like myself. I want to be able to have intellectual

conversations with my co-workers about what is happening in the stock market or

something along those lines. This motivation keeps me in track and I doubt anything will

stop me in doing this.

There are a few things that I found out that I didn't know before about being a

stockbroker. For instance, the government said, "The median annual wage-and-salary

wages of securities, commodities, and financial services sales agents were $68,680 in May

2008. The middle half earned between $40,480 and $122,270" (Jack, Stock Broker Salary).

That is quite a lot of money for some of those brokers. Another key factor that I learned

about being a stockbroker is that you actually don't need a college degree. "A college degree

is not required to become a stockbroker, but if you are serious about it, you may want to

get a degree in business or economics" ("Stockbroker Careers, 2011"). It really astonished

me when I found out that you don't really need a college degree to be a licensed

stockbroker, but to be honest, I would still keep going to college because it will further my

education in this field. And I am pretty sure most stockbrokers actually do have a college

degree.

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