Samantha works in motor sport insurance but started her career as a dancer in Disneyland. She loved her job as a dancer but was forced to leave after she injured herself. She enjoys her job in insurance broking which has a good work/life balance and says that there's always the opportunity to move up if you want to.
More information about Brokers
Check out 4 videos about this career
The UK average salary is £28,758
There are 37.5 hours in the average working week
The UK workforce is 47% female and 53% male
DescriptionBrokers deal in commodities, stocks, shares and foreign exchange on behalf of clients or on own account, broker insurance and reinsurance, and buy and sell shipping and freight space.
QualificationsThere are no formal academic requirements although many employers require entrants to possess a degree or equivalent qualification. Training is typically undertaken in-house, although entrants may attend courses run by professional institutions. Registration with a regulatory authority may be required in some positions.
- Advises client on the suitability of particular insurance schemes and places insurance on behalf of client;
- Discusses buying and or selling requirements of client and gives advice accordingly;
- Analyses information concerning market trends for commodities, financial assets and foreign exchange and advises client and employer on the suitability of a particular investment;
- Records and transmits buy and sell orders for stocks, shares and bonds and calculates transaction costs;
- Provides independent advice on the suitability of insurance schemes and places insurance on behalf of client;
- Arranges for the production of auction catalogues, fixes reserve prices, attends auction and bids on behalf of client, or negotiates purchase/sale by private treaty of goods not sold at auction;
- Obtains cargo space, fixes freight charges and signs and issues bills of loading;
- Collects freight charges from client and undertakes all necessary formalities concerning customs and the loading/unloading of cargo.