Edward Jones

  www.edwardjones.com
  www.edwardjones.com

Edward Jones Reviews

Updated December 16, 2014
Updated December 16, 2014
926 Reviews
3.8
926 Reviews
Rating Trends

Recommend to a friend
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Edward Jones Managing Partner Jim Weddle
Jim Weddle
625 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 70 reviews)


Cons
  • It can be tough to see enough decision makers by going door to door during the daytime (in 57 reviews)

  • Door knocking was one of the hardest things I've ever done in my life (in 68 reviews)

More Highlights

Employee Reviews

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  1.  

    Financial Advisor Career Development Associate

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Edward Jones

    Pros

    Freedom to work on your time, the key is to get your tasked completed.

    Cons

    There are no cons at the moment. if you need people to constantly guide you, then this isn't the position for you.

  2.  

    Positve

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

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

    Pros

    Great training, supportive, full licensing, salary to start.

    Cons

    Pure sales. Door to door prospecting better in some locations than others.

    Advice to ManagementAdvice

    Better to start in a team or pairing environment with another financial advisor to start. Would increase success rate.

    Recommends
    Positive Outlook
    Approves of CEO
  3. 1 person found this helpful  

    I absolutely love my job and what an awesome culture!!

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

    I have been working at Edward Jones full-time (more than an year)

    Pros

    - The job is absolutely demanding and challenging, but work/life balance is still a priority
    - The Research department is a bunch of really down to earth and intelligent individuals. I feel like I'm just so happen to be showing up to the same building ("the office") to do work with friends.
    - This is the one place I've worked where when they say "put the client/customer first" they absolutely mean it. The number of discussions and debates we have that have simply been ended by thinking about what would be best for the client is remarkable. Jones truly does care about its clients.
    - Pay is pretty sweet, but appropriate for the magnitude of impact our work has on the business. If you adjust our salaries for work-life balance (number of hours we actually work), we'd be above the AVERAGE wall street analyst.

    Comp (my findings/experience only):
    Associate Analyst (65-85k base salary, plus 10-15k bonus average) - totally depends on your level
    Analyst (90-100k base, plus 40% bonus potential)
    Senior Analyst (110-120k base, plus 60% bonus potential)

    The importance of the work we do in research can actually be stressful, because we are impacting/influencing hundreds of billions of clients' investments. Many times, the returns that a client can experience from their holdings is as a result of our recommendations. We have a big job to do, but if you're passionate about this stuff like me.. it's so much fun, so the pay is just awesome.

    Cons

    - Sometimes it can feel little bit like it's a drinking the kool-aid type of culture, but really... that's really not all that uncommon elsewhere and isn't THAT big of a deal here. It's only because the culture is so deep rooted in the company's foundation and we still have employees who were around from the beginning and live and breath "Ted Jones".
    - The high deductible health-care just plain old sucks... I hate feeling BAD about going to doctor because I'll have to pay a lot for it.
    - Vacation time, though not terrible, just feels terrible. 2 weeks to start, 3 weeks after 3 years at the company, and you get 4 weeks only after 10 years of working at the company! You do get 5 weeks if you've been around for 20 years though, haha.

    Advice to ManagementAdvice

    I think the SFA survey you all do to guage employees satisfaction regarding many topics is awesome and truly critical. Please continue relying heavily on them and use them as a catalyst for improvement/change.

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 4 people found this helpful  

    Most of the cons of owning your own business, little of the perks.

    Current Employee - Financial Advisor
    Current Employee - Financial Advisor

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

    Pros

    Good way to break into the industry with no experience. They prepare you very well for the series 7 and offer decent field training if you are in the right region.

    Cons

    Working at Edward Jones is like being in an abusive relationship. They mostly only hire people with no experience and completely new to the industry. Then the abuse starts. They compare you to other Fa's in the region who took over huge offices. If you aren't grossing well over the "exceeding" standards they say you aren't door knocking enough and you need to try harder. After awhile you start getting tired and discouraged. You see other new FA's leaving left and right. They literally do skits at meetings portraying the evils of other top financial services companies. They tell you that you can't get any better and if you ever leave you'll regret it. My husband and family begged me to quit. But I was so caught up in the "culture" that I was convinced that no where else would be better. I finally went independent with 3 others from Edward Jones. We are all much much happier.

       Get started at Edward Jones. Get trained and do the mandatory 3 years there so you don't owe them anything for your training. Then run for your life.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6.  

    Great Place to Grow

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Investment Banking Analyst in San Francisco, CA
    Former Employee - Investment Banking Analyst in San Francisco, CA

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

    Pros

    challenging work environment, great benefits, loved working with my peers. Leadership was quite strong, very organized.

    Cons

    Large company, sometimes it can be easy to get lost, or lose your footing. Long work hours, 6 days a week usually 80-90 hours per week.

    Advice to ManagementAdvice

    Better work/life balance.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    A wonderful company to work for. I can't imagine working anywhere else.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - BOA Branch Office Administrator in Houston, TX
    Current Employee - BOA Branch Office Administrator in Houston, TX

    I have been working at Edward Jones full-time (more than 8 years)

    Pros

    They provide a great deal of back office support that is easily accessible by department topic. All employees are given a great deal of training. Jones is selective in whom they hire resulting in a better class of employees who are smart and willing to work hard. Edward Jones has a very high level of integrity.

    Cons

    They need to sell a wider array of investments and reduce their commission of stock purchases to get more in line with the ability of clients to simply go online and buy it.

    Advice to ManagementAdvice

    Nice job everyone!

    Recommends
    Positive Outlook
    Approves of CEO
  8. 1 person found this helpful  

    Great company, Great Culture

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

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

    Pros

    Great training program, lots of support, salary is not based on production initially so you won't stave! Everyone is helpful and wants you to succeed.

    Cons

    If you don't like or can't bear going door-to-door Edward Jones is not for you. If you aren't willing to put in a lot of time initially you won't make it.

    Advice to ManagementAdvice

    Jones system works, I wouldn't suggest any changes. Seriously the best place I ever worked!

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Humbling Experience

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

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

    Pros

    Great culture, decent resources, ethical business practices, zero accountability (nobody was checking in on my production outside of my 4-month rolling average).

    Huge income potential after a few years in the business.

    Cons

    2nd year advisors may have difficult time as the salary drops off. You must have an established office by then to succeed.

    Very image oriented. You have to plant yourself in the community and always play the part with everyone, friends, family, and new acquaintances.

    Zero accountability. I could disappear for a month without so much as an email checking on me. Maybe that was just my region, but it's tough to remain accountable to yourself with such a low commission payout (20-25%). I could only muster it for about a year before I burnt out. New advisors without prior experience have very low success rates, at least in my region.

    If you pursue this career, you truly have to put blinders to the rest of your life and live, eat, and sleep Edward Jones, at least for the first couple of years.

    Advice to ManagementAdvice

    Revise the current commission structure for new advisors. 20% is ridiculous. At the time in an FA's career when new business is hardest and gross commissions are lowest (meaning a lower $ amount for you), why do you offer the lowest incentive? Lower the salary if you must, but I tell you from experience, it's deflating to bring in your first decent $8,000 month and get that first check for $1,200. Frankly, commissions were an afterthought when it came to motivating me to find new business. The only real motivation I ever had was to meet my goals so that I could keep my job and maybe get an office.

    As far as training goes, I think field trainers should be required to teach Edward Jones policy. You have to know the right way first before you can know where you can ethically take shortcuts. I don't think it's a problem company-wide, but that's the one instance where I don't take full responsibility...I got dealt a crummy hand on that one.

    Also, encourage regional leaders to reach out to new FAs and talk about their progress. I was passed over for a new office after 6 months even though I was exceeding performance standards, and after that my heart just wasn't in it anymore. I'm not saying I shouldn't have been passed over - the new FA had better numbers and more experience. But I never got a phone call, an email, or anything. I called my RL on two occasions to talk about offices and goals, but each time he said I'd have to get more accounts before we could talk about an office. Again, I don't blame him for it as it was perfectly reasonable and entirely within my control, but it was difficult to go full throttle for a vague promise of an office in the future, especially when I'd already been burned.

    I've never truly tried and failed at something until now. I believe 100% that I would've been successful if given an office, but I completely burnt myself out on door-knocking. Overall, I'd still say my experience was positive one that I don't regret in the slightest. I'm humbled and thankful to Edward Jones for the opportunity.

    Recommends
    No opinion of CEO
  10. 1 person found this helpful  

    No 2nd Chances. No matter the reason

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - BOA Branch Office Administrator in Edgewater, NJ
    Former Employee - BOA Branch Office Administrator in Edgewater, NJ

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

    Pros

    Good working enviroment. Great contacts for help when you need it. Good trining.

    Cons

    Salary a little behind times, but I am sire by now it has gotten better

    Recommends
    Positive Outlook
    No opinion of CEO
  11.  

    Booyah!

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Edward Jones

    Pros

    -I got the job.
    -I'm going to be rich.
    - Seriously though, I'm stoked.

    Cons

    -It took me 2 months, all my remaining vacation time at work, and a decent amount of stress. But big picture-wise, who cares?

    Advice to ManagementAdvice

    -None. Obviously you have great taste.

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