There are newer employer reviews for Edward Jones

1 person found this helpful  

Great company to work for under certain instances.

  • 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 for more than a year

Pros

Great core values. Investment platform and resources are top notch. Great support group. Training and development are terrific. A lot of quality people that work for the company. Compensation is great once you find your niche and start producing.

Cons

Very old school approach at growing your business. If you are not provided an office with assets, you will have a tough time keeping on board with their door knocking and cold calling approach to growing your business. You are often times on an island by yourself with your own thoughts. Stringent standards you must meet or else you will be terminated.

Advice to ManagementAdvice

Its the 21st century and although door to door can be an effective way to growing your business locally, you must teach alternative ways using favorable introductions with family and friends. People are very opposed to doing business at their door step.

Recommends
Positive Outlook
Approves of CEO

874 Other Employee Reviews for Edward Jones (View Most Recent)

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  1. 8 people found this helpful  

    You have to fit the mold and buy in 100% or you will be miserable

    • 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

    Pros

    -Provide you with all of the financial tools you need for analysis
    -Veteran FA's will go out of their way to try and help new ones
    -provide industry standard training for exams (no better or worse then most others)
    -better base salary then Indy firms, but minimum wage for first 2-3 months
    -Good Culture (client's interest)
    -Some nice people

    Cons

    -Bad Culture (if you struggle , the company claims you are not a "hardworker" and doesn't offer much help to find a solution)
    -Absolutely ZERO work/life balance first 3 years (you will work from 8 a.m to 9 p.m weekdays, and 6 hours Saturday
    -One Size fits all approach, no innovation with sales/prospecting techniques
    -Software/ technology is a complete joke (the system has fantastic content, however it takes me 2 hours to get into the system most days and terrible usability)
    -Big Brother Feel -- you will receive calls from a faceless name in STL every other day
    -If you are "New/New" you will work from home for 1 year
    -Stiff contract (you can quit anytime, but be ready to pay them back for training)
    -Door-knocking can work, but it isn't very enjoyable (Unless you are the perfect jones fit)
    -Benefits worse then rest of the industry

    My Advice
    - If your not the type of person who talks to everyone they come across in any situation, then do not take this job. You are expected to basically befriend thousands of people in hopes that some of them will like you enough to give you some of their nest egg. To me, this was just incredibly draining and monotonous. You have to truly know that you want this job, be able to accept having no life for 3 years, and be extremely self-disciplined. I am a very hardworking person, but I need some structure in my work life, therefore it wasn't the best place for me.

     I thought It sounded like a good opportunity with alot of freedom. In truth you have too much freedom in your daily activities, but absolutely 0 freedom in long-term orientation, goals, and expectations.

    Advice to ManagementAdvice

    - Don't manage through fear of being fired, manage by making the new hires truly feel like they are part of something and that they are valuable to the organization. I had that feeling for the week in STL, but as soon as I left, I just felt like I was just another one in, another one out.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2. 1 person found this helpful  

    WARNING---Watch Out

    • 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 for less than a year

    Pros

    Not sure if there are any.

    Cons

    The employment contract is very one sided: Edward Jones sided. If you leave the company for any reason (e.g. they fire you) within the first 3 years, you owe Edward Jones $75,000. They expect new FA's to work 60 hours a week. I think they are a sect, like Scientology.

    Advice to ManagementAdvice

    Be honest with prospective employees about the employment contract.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
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