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What is the job?

This is a recruitment drive for some of the leading broking houses in Delhi / NCR. Traders are required for Commodities, Equities and Currencies.

What is the role of a trader?

The role of the trader is to buy and sell equities, currencies and commodities. The trader will use technical analysis and arbitrage strategies to decide when to buy and sell.

Is previous trading experience required?

No previous trading experience is required. IIFM (International Institute of Financial Markets) will provide training. This is a one month training course.

What is the location of the job?

Delhi.

What is the process of selection?

You must pass an aptitude test. The test measures your anlaytical ability and likely ability to perform as a trader. Once you pass the test, you are invited for profile testing. If you are shortlisted, you are inducted into the training program.

The aptitude test consists of 60 questions for a total of 150 marks. Of the 60 questions, 20 questions relate to quantitative ability, 20 questions relate to logical reasoning and the remaining 20 questions relate to financial market awareness.

Once I pass the aptitude test and clear the second round, is my selection with the leading broking house confirmed?

Yes. You will get the confirmation of selection subject to your successful completion of the training.

Is there a training fee?

Yes, the training fee is Rs. 40,000. You have to pay this amount once you are shortlisted by the employer.

What is the training duration?

1 month.

Are there certification exams I have to take? What is the certification exam fee?

As part of the IIFM training you will take two certifications:

• NCFM: NSE Certification in Financial Markets

• Relevant certification for the asset class

The certification exam fee is included in the training fee.

How much does the job with the leading broking house pay?

Compensation has two parts – fixed and variable. Fixed amount is in the range of Rs. 10,000 to Rs. 15,000 per month in hand, depending on the market and firm you are working in. Variable compensation is based on trading performance starting from 10 percent of profit generated. Typically, in the first month, a trader can make another Rs.10,000 - Rs. 15,000 in variable compensation so the total compensation in the first month is anticipated to be about Rs. 20,000.

What are the required educational qualifications?

You must have a bachelor’s degree and a strong desire to be a trader.

How can I schedule to take the aptitude test?

Please contact us via the contact details at the top of this page.

When does the IIFM training start?

The next batch of IIFM training starts on June 25, 2012 in Delhi. Subsequently, a batch will start every month.

Here is a sample list of IIFM students placed at other trading firms.

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