A Stockbroker is a professional who manages investments in stocks, derivatives, bonds, currency trades, etc., for clients who can either be individuals or big organizations. He is the linchpin between the stock market and the client in buying and selling shares. The services are provided to clients on a compensation pay system, thus profits for the client means profit for oneself.
A certified stock broker can work with a brokerage firm such as Share khan or India bulls as their agent. The work involves contacting clients and managing their investments in stock market products. The benefit of working in a brokerage firm is that it provides more security and stableness than working individually.
A certified stock broker can also work as an independent agent. He/she has to find new clients herself/himself and thus needs more interpersonal as well domain knowledge than what would typically be required of an agent working with a firm. The positive and the negative side is that an independent agent can determine his/her own commission and thus lose or win big if he manages to invest in a profitable stock.
An Equity analyst is one who studies organizations' metrics to determine risk and profitability of its stocks and other financial products. He/she can work independently, but most often are employed by large brokerage firms or even by business organizations.
A Bank broker does the same work as other brokers do that is to sell and buy shares and other financial products for clients albeit in a bank. The major difference though is that the agent doesn't have to run around prospective customers rather bank provides a steady stream of customers who would themselves contact you.
How to Become a Stockbroker
After Post Graduation
Clear Class XII in any stream
Graduation in any stream preferably in finance related subjects
Short term/Long term course from NSE/BSE
Any Stream preferably statistics and math
Short term/Long term courses from NSE/BSE
Practice in a Brokerage firm, then apply for a license
Commerce/Science with Math's
Graduation in any stream
PGDM/MBA in Capital Markets
As such, to practice as a stock broker does not entail specific eligibility criteria but it is advisable if students have math and statistics as their core subjects in senior secondary and graduation.
Although courses from different institutes give you the required skill and knowledge set, yet a certification exam has to be passed before one can practice in stock trading.