- Work/Life Balance
- Culture & Values
- Career Opportunities
- Comp & Benefits
- Senior Management
I have been working at Transamerica full-time (More than 3 years)
Good benefits and decent pay. If you work hard you will be rewarded. There are no participation trophies here. It is performance based. The training is intense and you learn everyday. I have been given opportunities here I could have only imagined. I enjoy being rewarded on my effort and performance. Great work life balance.
I cant think of one
Advice to Management
Keep your performance based incentives. It keeps the scales balanced when it comes time for reviews.
I applied through a recruiter. The process took 2 weeks. I interviewed at Transamerica (Denver, CO) in May 2013.
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
Reasons 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."