Commodities Brokers

High School

Although there are no formal educational requirements for becoming a broker, a high school diploma and a college degree are strongly recommended. Commodities brokers need to have a wide range of knowledge, covering such areas as economics, world politics, and sometimes even the weather. To begin to develop this broad base of knowledge, start in high school by taking history, math, science, and business classes. Since commodities brokers are constantly working with people to make a sale, take English classes to enhance your communication skills. In addition to this course work, you might also consider getting a part-time job working in a sales position. Such a job will also give you the chance to hone your communication and sales skills.

Postsecondary Training

The vast majority of brokers have a college degree. While there is no "commodities broker major," you can improve your chances of obtaining a job in this field by studying economics, accounting, finance, or business administration while in college. Keep in mind that you should continue to develop your understanding of politics and technologies, so government and computer classes will also be useful. Some commodities brokers also go on to earn master’s degrees in business administration. Brokers also receive intensive on-the-job training from their employers after they are hired.

Brokerage firms look for employees who have sales ability, strong communication skills, and self-confidence. Commodities is often a second career for many people who have demonstrated these qualities in other positions.

Other Education or Training

The Center for Futures Education and the Financial Industry Regulatory Authority provide futures education courses and workshops. Contact these organizations for more information. Colleges and universities also offer courses on commodities training and other forms of investing.