Waddell & Reed Financial Advisor Interview Questions & Reviews
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Updated May 14, 2012 – Interview questions and reviews posted anonymously by interview candidates.
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Difficulty Rating [?] Based on 38 ratings 
“Easy” Interview
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Interview Experience [?] Based on 38 ratings
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| 1–10 of 38 Waddell & Reed Interviews | Sort by |
Financial Advisor at Waddell & Reed
Posted May 14, 2012
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4.0
Difficult Interview
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Overall Positive Experience
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Received and Accepted Offer
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Interviewed Nov 2011 in San Diego, CA (took 2 weeks)
The IQ/personality test will give them an idea of whether you'll make it your first year, but they don't put as much of an emphasis on it as other financial advising companies do. I was interviewed by the district manager, who is direct and honest with you. He will let you know if he thinks you'll make it. Don't try to be mr. slick, he will call you on it. If you're humble and give semi-intelligible answers, he'll be fair with you. If you walk in there thinking you know everything and that you're doing them a favor by showing up, he will beat you to the ground(I've seen it). Looking back, the "market surveys" they ask people to do during the interview process was a piece of cake compared to what you actually have to do to market yourself; so if that's a pain for you, you'll probably want to look for a job in another profession.
Interview Questions
Other Details
I got the interview through a College or University and the interview consisted of a Phone Interview, a 1:1 Interview, an IQ/Intelligence Test, a Skills Test and a Personality Test.
Helpful Interview?
Yes |
No
Inappropriate?
Financial Advisor at Waddell & Reed
Posted Apr 24, 2012
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3.0
Average Interview
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Overall Positive Experience
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Interviewed and No Offer
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Interviewed Apr 2012 in Sacramento, CA (took 2 days)
The interview consisted of me explaining my background, upbringing and why I was interested in the position of financial advisor with Waddell & Reed. I was asked to explain what I discovered about the company through my research and the rest was the interviewer explaining the job details and description. I have a second interview coming up and I received the homework of interviewing 5-10 people and asking them their thoughts of me as a financial advisor and to read through the packet and come back with questions.
Interview Questions
Other Details
I got the interview through a College or University and the interview consisted of a 1:1 Interview.
Helpful Interview?
Yes |
No
Inappropriate?
Financial Advisor at Waddell & Reed
Posted Mar 26, 2012
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2.0
Easy Interview
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Overall Positive Experience
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Received and Accepted Offer
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Interviewed Mar 2012 (took 3 weeks)
The process is lengthy but effective. Went through 4 appointments in the interview process which allows for no impulse decisions as well as the ability to ask specific and details questions at each step including the time to do your homework after each step.
Each appt was over an hour and each one covered more information what the position and the company provided for the FA. It is your job to ask any questions as well as determine if you want to go onto the next appt for further information.
Very genuine people with whom I met and felt they answered all the questions I had with no hesitancy or pressure to make a decision.
Interview Questions
Negotiation Details
Did not negotiate anything and will have to do more homework on what to negotiate? Also, still have to consider other available options.
Other Details
I Applied Online.
Helpful Interview?
Yes |
No
Inappropriate?
Financial Advisor at Waddell & Reed
Posted Mar 12, 2012
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1.0
Very Easy Interview
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Overall Neutral Experience
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Received and Declined Offer
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Interviewed Apr 2011 in Atlanta, GA (took a day)
When I first arrived I sat at a large table with three other students. We sat through a power point slide show that described the history of the company. After the presentation, I had a 1:1 interview that consisted of basic personality questions. It lasted about 30 minutes. The last fifteen minutes were about my hobbies and interests. After that I was told that I could come back in a week to interview with another adviser. I did not come back for another interview because the position was 100% commission and I was not interested.
Interview Questions
Other Details
The interview consisted of a 1:1 Interview, a Presentation, an IQ/Intelligence Test and a Background Check.
Helpful Interview?
Yes |
No
Inappropriate?
Financial Advisor at Waddell & Reed
Posted Feb 15, 2012
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1.0
Very Easy Interview
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Overall Negative Experience
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Received and Declined Offer
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Interviewed Oct 2011 in Campbell, CA (took 1 week)
After posting a resume on Career Builder I received a call within 3 days. I went to the office and found that I would not be meeting with the managing partner as they had stated previously, and met with two women in the office. They asked extremely simple questions and followed up with a computer test asking questions about how many connections I had.
Interview Questions
Reason for Declining
Waddell & Reed is not a good firm to work for. Their comp plan is borderline criminal, as they have you pay for your own training and want you to pass the Series 7 in 90 days. Commission based and the take home salary is nearly non-existent. They prey on new job seekers/college grads. If you read the brochure they give you, the amount of time you get to spend gaining new business versus doing in office work is virtually zero despite your pay being all commission. Do your homework before accepting this job. They don't invest in you and you have a 95% failing which means nothing to them as they'll still have the few clients you gain. If you fail your exams you pay, not them. Hypothetically, Waddell and Reed could hire 100,000 advisors because of their minimal investment.
Other Details
The interview consisted of a Phone Interview, a 1:1 Interview and a Personality Test.
Helpful Interview?
Yes |
No
Inappropriate?
Financial Advisor at Waddell & Reed
Posted Feb 3, 2012
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1.0
Very Easy Interview
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Overall Positive Experience
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Received and Accepted Offer
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Interviewed Nov 2011 in Southlake, TX (took 3 weeks)
Great experience and great location in Southlake - email received with invitation to group interview. Knowledgeable and impressive manager led career introduction interview and I learned a lot about the career and was given great information to decide if I wanted to continue on to a 1:1 interview. No pressure - no gimmicks - I appreciated this approach when considering changing careers. One on one is completed after personality test and more focused on --is this the career for me and how do I plan to be successful in this career - contacts - friends - circles of influence etc - where will my clients come from.
Interview Questions
Negotiation Details
If your interested in a career as a Financial Advisor I encourage meeting with this manager.
Other Details
The interview consisted of a 1:1 Interview, a Group/Panel Interview, a Skills Test, a Personality Test and a Background Check.
Helpful Interview?
Yes |
No
Inappropriate?
Financial Advisor at Waddell & Reed
Posted Jan 19, 2012 — 1 of 1 people found this helpful
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2.0
Easy Interview
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Overall Positive Experience
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Received and Accepted Offer
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Interviewed Jan 2012 (took 2 days)
I received a phone and talked about myself and how I heard about Waddel and Reed. We discussed what I had done throughout college and my interests. After the phone call, I was asked to come in person to talk more about myself. In the first interview we talked about my family, what I did throughout college and how I came to be applying as a financial advisor. After that, I was asked to interview 10 people to see how they thought of me as a financial advisor and read through a packet of material about Waddel and Reed before coming to second interview. During the second interview, we went over the interviews and went over any questions I had about the company. The interview was fairly simple and the interviewer was laid back and seemed to be very honest about the company and the people he hires.
Interview Questions
Other Details
I got the interview through a College or University and the interview consisted of a Phone Interview and a 1:1 Interview.
Helpful Interview?
Yes |
No
Inappropriate?
Financial Advisor at Waddell & Reed
Posted Dec 13, 2011
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3.0
Average Interview
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Overall Positive Experience
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Received and Declined Offer
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Interviewed Jun 2010 in West Warwick, RI (took a day)
I was interviewed by the manage of the office who liked what she saw and heard and I was hired on the spot. I was asked the typical questions such as: What do you think you bring to the table? What are your strengths and weaknesses? What are your goals for the next 5-10 years?
Interview Questions
Reason for Declining
I declined the offer because I thought it was a hard sell considering the financial climate the economy was in at the time. I also wanted to pursue other opportunities.
Other Details
I Applied Online.
Helpful Interview?
Yes |
No
Inappropriate?
Financial Advisor at Waddell & Reed
Posted Oct 5, 2011
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3.0
Average Interview
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Overall Neutral Experience
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Received and Accepted Offer
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Interviewed Feb 2010 (took 3 days)
I posted my resume on Monster.com. A couple hours later I received a phone call from the manager. The manager asked me a couple general question about what I was looking for and about the company. He scheduled an appointment for me to interview with him and the principal. At this interview the principal spoke about his whole career and how he got to his position and then he had me talk about myself. We then spoke about the training process, costs, and mandatory quotes that must be reached. At the end of the meeting I was handed a packet to go over with some question. We scheduled another interview. The last interview we went over the packet and then was offered a job.
Interview Questions
Other Details
The interview consisted of a Phone Interview, a 1:1 Interview, a Personality Test and a Background Check.
Helpful Interview?
Yes |
No
Inappropriate?
Financial Advisor at Waddell & Reed
Posted Oct 3, 2011
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1.0
Very Easy Interview
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Overall Neutral Experience
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Received and Accepted Offer
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Interviewed Jun 2011 in San Mateo, CA (took 3 days)
The interview process is easy to say the least. I come right out of college with a degree in Economics. Financial Advising is a tough job to be successful in and it favors those with a lot of work experience. I had no work experience coming out of college but Waddell and Reed were still willing to hire me.
Interview Questions
Other Details
I Applied Online and the interview consisted of a 1:1 Interview, an IQ/Intelligence Test and a Background Check.
Helpful Interview?
Yes |
No
Inappropriate?
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