Edward Jones

  www.edwardjones.com
  www.edwardjones.com

Edward Jones Reviews

Updated November 24, 2014
Updated November 24, 2014
913 Reviews
3.7
913 Reviews
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Edward Jones Managing Partner Jim Weddle
Jim Weddle
617 Ratings

Review Highlights

Pros
  • If you choose the team carefully you can have a good work/life balance (in 43 reviews)

  • Great training especially if you have limited to no financial knowledge (in 69 reviews)


Cons
  • Out of date prospecting, door to door simply doesn't work in some areas (in 53 reviews)

  • Door knocking was one of the hardest things I've ever done in my life (in 67 reviews)

More Highlights

Employee Reviews

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  1.  

    Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Edward Jones part-time

    Pros

    Good work, good money, good career

    Cons

    Long hours, customers, not enough training

    Recommends
    No opinion of CEO
  2.  

    Great training, poor contract in a right to work state. Clients come last.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Edward Jones full-time (more than 3 years)

    Pros

    Great training and licensing. Opportunities are available almost anywhere. They offer full benefits.

    Cons

    Three year contract. Easy to churn clients accounts to make quotas. Clients interest are not always first.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3.  

    Fair

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor in Flower Mound, TX
    Current Employee - Financial Advisor in Flower Mound, TX

    I have been working at Edward Jones full-time (more than 5 years)

    Pros

    Management leaves you alone as long as you meet your monthly sales quotas

    Cons

    Monthly sales quotas put financial advisers in an ethical conundrum at times.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5. 5 people found this helpful  

    FORCES Program

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Edward Jones full-time (more than an year)

    Pros

    If you show them you want it and there are others that can see it then you are supported. I failed the series 7 the first time and was allowed to take it again. That is a rare occasion and is not advertised. Over 50% of those that tested failed and were not allowed to move on.

    Plus I had almost no out of pocket expenses. The licenses, training program, prospecting kit, postage stamps, marketing material, use of an office, a laptop, and even a secretary were all provided to me.

    The FORCES Program. Little people qualify and just as many know how it works. Simply it is an extended training program with more support. Traditional trainees get about 2.5 months I got 6 months. Other things I got that the traditional trainees don't get:

    1. Study at an Edward Jones office. An existing office with an FA, BOA, and working space.
    2. (No longer offered) the GI Bill while I am studying up til can sell. I received a supplement ($1000/mo) to my training pay of $15/hr.
    3. Branch training period of 7-10 weeks depending if you need to retake the Series 66. Time you can do modules, observe appointments with an FA, sit with the BOA, study for the insurance exam, and misc task.
    4. Extended prospecting time. Traditional trainees get about 7 weeks, I got 8. Doesn't look like much but the traditional track has to fit in the modules, insurance exam, and appointment observations along with getting prospects. I did that during branch training so all I had to do was prospect.
    5. Guaranteed Salary. The FORCES trainees upon can sell get an income guarantee of $6000 for 6 months. We have commission goals to keep in pace with but regardless get the income. We only get bonuses for new assets.

    Cons

    Its their way or the highway. You have to do it their way, face to face as they call it. If you're not with them, you're against them.

    Do not let the glamor blind you from the truth. Its a sales job and its about the numbers. When you show signs of the pipeline drying and no new assets then you are let go. From a business stand point it makes sense. If you can accept the truth early you will make it.

    The truth is you are going door to door, rain or shine. The best time to go "door knocking" are the times you would be home with your family, weekends, evenings, holidays, and prime vacation periods because the prospect is home.

    I didn't make it with them long. I was told when you are starving you should take anything. In my mind even when I'm starving I'm not going to change what I value.

    Recommends
    Approves of CEO
  6.  

    If you like to be always busy for not much pay, it's great

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Network Support Specialist in Saint Louis, MO
    Current Employee - Network Support Specialist in Saint Louis, MO

    I have been working at Edward Jones full-time (more than 10 years)

    Pros

    Job Security if you're a decent worker, especially during recessions - see below. One of the first companies in our area of the US to fully support benefits for same sex couples.

    Cons

    Pay should be better, benefits aren't bad but healthcare deductible of $3k a year is pretty high.

    They need to hire more people. I'll say it again. They need to hire more people, because my particular team, if one person is out of the office, we're busy and behind in our work all that day. Two people and forget it, don't expect time to do any pending work or take a lunch. If you're lucky enough to be hourly, overtime is depending on the department. Zero is ideal, some allow zero overtime, others do allow a few hours. If you're lucky enough to be an hourly associate, you will be expected to work but your overtime will be paid, or, if your dept doesn't allow overtime, you'll be expected to leave as soon as your shift ends. But, most positions are salary. And, when asking leadership about hiring more people, the first answer is usually a chuckle and "but none of your people are working 50 hours a week, you can't be that busy" answer.

    Advice to ManagementAdvice

    I'm starting to see a lot of older practices that I never thought would or could be changed starting to change. For instance, home office associates that aren't in areas open to clients now get business casual every Friday. That used to be summer only, but after year and years of asking, they finally relented. They are making allowances for more and more people to work from their homes.

    Get with the times like you did with allowing benefits for LGBT partners of associates. You went out a limb doing that, you made many people angry, but you did the right thing and you were ahead of the curve on that. Keep doing more like that. Be a leader in trying to reign in income inequality by paying your people more money! Your people will thank you for it.

    Neutral Outlook
    No opinion of CEO
  7.  

    Flexible hours and a lot of support but old fashioned in thinking

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Advisor in Lilburn, GA
    Former Employee - Financial Advisor in Lilburn, GA

    I worked at Edward Jones full-time (more than an year)

    Pros

    great support system in place, provided all of the tools needed. Really great opportunity if you're fortunate enough to walk into an existing book of business. amazing perks for hitting goals. offer amazing diversification trips to just about any where in the world. Very non competitave culture. everyone tries to hep each other succeed.

    Cons

    wanted you to go prospecting door to door which takes a very long time and can be dangerous in certain areas and for certain people. can be extremely difficult to get off of the ground if starting out brand new.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Great experience, good people

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - On-Call Branch Office Administrator in Nashville, TN
    Former Employee - On-Call Branch Office Administrator in Nashville, TN

    I worked at Edward Jones part-time (more than an year)

    Pros

    I worked as an on-call BOA for around 2 years. For a part time job it was flexible because I worked when a branch needed me. The fact that they have a consistent computer system at each branch helped a lot and allowed me to work in various branches without a huge learning curve.

    Cons

    Every financial advisor is different so you have to learn the working style of each advisor.

    Recommends
    Neutral Outlook
    No opinion of CEO
  9.  

    Good Company. Good Opportunity for growth.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Edward Jones

    Pros

    Good opportunity for growth.

    Cons

    Pay is not up to par with other firms.

    Advice to ManagementAdvice

    Listen to the SFA results.

    Recommends
    Neutral Outlook
    No opinion of CEO
  10.  

    A great place to earn a great living for people willing to work long hours and are emotionally resilliant

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Edward Jones

    Pros

    You work how and when you want, you are your own boss. There is nothing stopping you from earning as much as you want. Very good company culture.

    Cons

    Very long and stressful hours. Little personal time early on. Pay is not proportional to the amount of work in the early years.

    Recommends
  11.  

    High performing organization with a great culture!

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Finance in Saint Louis, MO
    Current Employee - Finance in Saint Louis, MO

    I have been working at Edward Jones full-time (more than 10 years)

    Pros

    The people are incredible and make for a great environment; Great benefits and strong culture; It's easy to make an impact on the organization for someone that's motivated, seeks responsibility, and is focused on doing what's best for the firm.

    Cons

    Operates very lean (in terms of people resources), which leads to nearly always feeling like there's too much work to get done (the trade off is people aren't viewed as a line item to be cut when revenue declines); Overly focused on continuous improvement and new "projects" to evolve the business without recognizing the need to hire resources to achieve these objectives ; Advancement is elusive and difficult to achieve.

    Recommends
    Positive Outlook
    Approves of CEO

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