Edward Jones Employee Reviews about "great training"

Updated Dec 31, 2020

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3.9
73%
Recommend to a Friend
91%
Approve of CEO
Edward Jones Managing Partner  Penny Pennington
Penny Pennington
538 Ratings
Pros
  • "Has sufficient support from the home office(in 176 reviews)

  • "Great Training for a new advisor(in 168 reviews)

  • Cons
  • "Old school mentality to prospecting (door knocking strongly encouraged)(in 221 reviews)

  • "The emphasis they place on door to door prospecting(in 170 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

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    Reviews about "great training"

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    1. 5.0
      Current Employee, less than 1 year

      Great Company

      Dec 31, 2020 - Financial Advisor in Newark, NJ
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great Training for a new advisor

      Cons

      None that I can think of

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    2. 4.0
      Current Employee, more than 1 year

      Great culture

      Oct 21, 2020 - Branch Office Administrator in Napa, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Supportive work environment Great training and mentorship

      Cons

      Health benefits are pricey for what you get

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    3. 5.0
      Former Contractor, more than 1 year

      Edward Jones

      Oct 10, 2020 - Service Specialist in Saint Louis, MO
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great training and management and coworkers

      Cons

      There are Not flexible work hours

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    4. 4.0
      Former Employee, more than 3 years

      Great place to get started in your career

      Sep 23, 2020 - Financial Advisor 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great training and support For a new advisor

      Cons

      Antiquated networking system but it is effective if you’re new in business

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    5. 4.0
      Former Employee, less than 1 year

      Good Company

      Sep 11, 2020 - Financial Advisor in Akron, OH
      Recommend
      CEO Approval
      Business Outlook

      Pros

      They have a great training program. They paid for time studying for the exams and licensing.

      Cons

      There was little help starting during the pandemic.

      1 person found this review helpful
    6. 3.0
      Current Employee, more than 1 year

      Not all branches are the same. Be careful which office you work for!

      Aug 16, 2020 - BOA Branch Office Administrator in Pampa, TX
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great training Plenty of support from Home office The work is wonderful

      Cons

      You will only get paid as much as your Financial Advisor allows. Your main income comes from bonuses that are never guaranteed The health benefits arent great If you get hired by a terrible Financial Advisor, you are stuck with them.

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      2 people found this review helpful
    7. 3.0
      Former Employee, more than 5 years

      Good to start out

      Sep 23, 2020 - Financial Advisor in Santa Barbara, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      They have a great training Program

      Cons

      Hard to make good money unless you inherit an office

      1 person found this review helpful
    8. 2.0
      Former Employee, less than 1 year

      Good company but Hiring Way to Many People

      Apr 4, 2020 - Financial Advisor 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      You can make good money, especially if you can take over an office. When you are first hired they pay you to sit at home and take the tests. They pay you a decent salary for the first couple years to help you pay your bills. Great training, they pay air fair, hotel, and food.

      Cons

      Once you pass all your tests, that is when the frustration really starts. They want you out knocking on doors and trying to get phone numbers from people. I was verbally abused and threatened several times. One of the girls out of my class had to cal the police. At this point you are not licensed and you cannot cal yourself a Financial Advisor. You tell people "I work for Edward Jones and I am opening a new office in town" which is a lie part of the time, because once you get licensed you may end up in another city. They want you to get around 250-500 phone numbers, so when you get to Launch Your Practice, you can call all these people. Not many people want you knocking on their door and asking them for phone numbers. The door knocking will continue. HERE IS THE PART THEY DIDN'T TELL ME, even though I asked. Once you get your license and you are a Financial Advisor, you have 17 weeks to hit a certain bench mark of NEW ASSETS not current clients of Edward Jones and if you don't they can and have fired people. Then if do hit the first bench mark, you must continue to stay at a certain level or you can be put on a Personal Improvement Plan. It is a rolling 4 months, so very 4 months your last new assets fall off and you must have more. The reason I stress this is that you want to take considerable thought to moving or leaving your current job before going to Edward Jones. They are also hiring A LOT of Financial Advisors and saturating certain areas, which has created some hard feelings and backstabbing. It is all about resource scarcity. There is also a lot of favoritism. You have FAs that are working their butts off and then a child of a current FA gets hired, they give offices and clients to these kids or even spouses. Here is the other thing. All this door knocking is advertisement for Edward Jones. Don't think you can use social media very much, compliance really restricts what you can do, and it is only on Facebook and LinkedIn. There is a high turn over. Most of the new assets that the new advisors bring into the company stay with the company if you get fired or leave the company. Edward Jones talks about building relationships with the community, but in the end it is all about money and new assets. They argue and say it isn't and they do this for you to get your business up and running. Part of that maybe true, but if it is then they wouldn't fire people all the time. But, they also get onto FAs who have been there a long time. Bottom line is it is a sales position, with benchmarks you have to hit.

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      10 people found this review helpful
    9. 3.0
      Former Employee, more than 1 year

      Too much restructuring

      Feb 18, 2020 - Financial Advisor in Marietta, GA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great training to get your licenses, and training Compensation was very fair, based upon my previous jobs' compensation.

      Cons

      Hierarchy changed 3 times in less than 6 months, resulting in nobody knowing who to contact for help/training. Many things fell through cracks such as pay schedule changes, different AUM requirements, and being told getting an office went from 8 to 12 months, to probably over 2 years. It really seemed great, but the company fell apart behind the scenes.

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      4 people found this review helpful
    10. 4.0
      Former Employee, more than 3 years

      Great place to work

      Jan 11, 2020 - Branch Office Manager in Fort Worth, TX
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great Training, Back Office Support was wonderful, the FA I worked with was easy to get along with and good communication.

      Cons

      Pay was low. You have to have another income to make ends meet.

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