Very Easy Interview
I applied through a recruiter and the process took 2 weeks - interviewed at Transamerica in May 2013.
Interview Details – I was recruited while working my current job, by a recruiter and invited to meet the personal manager for an interview. I arrived for the "interview," which was a causal sit down with the personal manager. She asked a few questions about my work habits and if I was unhappy with my current job. After passing 20 minutes of conversation, I was then invited back for a group interview/presentation.
For phase three the interview/presentation, consisted of meeting in the DTC office with 9 other candidates. The candidates are then observed interacting. Next the candidates are taken on an office tour to meet the various levels of managers. The tour ends in a meeting area where candidates then are instructed to mingle with current employees. No employee are allowed to answer basic employment questions, instead the are only allowed to say "your questions will be answered in the presentation." The current employees were allowed to discuss how their life has improved since being recruited. Next the candidates are taken to the "presentation," in another office with a projected. The personnel manager then gives a presentation to the candidates similar to an investment firm's sales pitch. Afterwards, the presenter invites all interested candidates to meet with the next level of management for a one-on-one session. In the one-on-one session any questions the candidates will have all questions answers. So I volunteer for the one-on-one interview, still looking for information on the job I was recruited for. I'm then asked a list of 10 short standard interview questions. The managers then have me wait outside while my candidacy is discussed. Next I'm invited back in with a job officer pending my payment of $100 for a background check and the passing of the state licensing exam for Investment Adviser Licensing. Finally, the position is made clear and I declined politely. The manager then became defensive and wanted to understand my grounds for declining. I explained I was interested in the posted available jobs and was not interested in being a investment agent. I was then told those positions were not available.
Phase 1: Recruited
Phase 2: Causal meet with personal manager
Phase 3: Group candidates meeting and company tour
Phase 4: Group presentation
Phase 5: One-on-one interview
Phase 6: Job offer and payment for background check
Phase 7: Wait for background check and payment to clear
Phase 8: Training in office for state licensing exam and 2-3 weeks shadowing [unpaid]
Phase 9: Pass exam, obtain licensing, and refund for exam
Phase 10: Officially hired and need to find clients to manage/invest
Interview Question – No one during the interview process could answer simple questions about the position like what is the position, hours, or pay. I was being recruited for some unknown position. I even researched the company online and check for the available positions and specifically about posted jobs. Only the top managers were allowed to answer questions.
One-on-one interview question: Why hasn't anyone else tired to hire you? View Answer
Reason for Declining – The entire process seemed a bit shady and unstable. No actual information was provided on the position until the very end. The company wanted $100.00 to cover a background check and then $300.00 to cover the cost of licensing. It was then stated the $300.00 would be refunded to the applicant after passing the state licensing exam.
This format was described in the presentation as "In business for yourself, but not by yourself."
I applied online and the process took 4+ weeks - interviewed at Transamerica.
Interview Details – Starts with initial phone screening, some behavioral questions, then moves to in person interview with a panel, behavioral interview questions. Heard back that I had the position in 4 business days via phone.
Interview Question – Tell me about a time you had to adapt to a change in your work environment (as in the desk you sat at, how many screens you used, etc...). Answer Question
Negotiation Details – There was no negotiation.
The process took 2+ months - interviewed at Transamerica in April 2011.
Interview Details – The interview process was done by 2 people, neither one of them being HR. One was the hiring manager, a C-level execute and the other a manager of the same level for another product. It was pretty informal, however, neither one of them really knew what they were doing in terms of asking the right questions.
Interview Question – Asking about the competition within the industry and which competitor did I like the best and why. Answer Question
Negotiation Details – I was able to negotiate, however, they did not budge on salary. Advice: they are very strict on their salary offers.
Very Easy Interview
The process took 2+ weeks - interviewed at Transamerica in October 2010.
Interview Details – It was too easy. They really don't care who they hire because they will just push you out if things don't work out.
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