Edward Jones Employee Reviews about "great training"

Updated 4 Apr 2020

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3.8
72%
Recommend to a Friend
89%
Approve of CEO
Edward Jones Managing Partner  Penny Pennington
Penny Pennington
282 Ratings
Pros
  • "Field Supervision and Home Office help more than you can describe here(in 168 reviews)

  • "Great training and company culture(in 159 reviews)

Cons
More Pros and Cons

Reviews about "great training"

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  1. Edward Jones - Financial Advisors | Division of Edward Jones
    Helpful (7)

    "Good company but Hiring Way to Many People"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Financial Advisor 
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at Edward Jones full-time for less than a year

    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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  2. "Edward Jones"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Financial Advisor in Toronto, ON
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Edward Jones full-time for more than a year

    Pros

    Great training and company culture.

    Cons

    Hard to get off your feet. Door to door sales and cold-calling takes up most of your day.


  3. Edward Jones - Financial Advisors | Division of Edward Jones
    Helpful (2)

    "Too much restructuring"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Financial Advisor in Marietta, GA
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Edward Jones full-time for more than a year

    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. Edward Jones - Branch Office Administrators | Division of Edward Jones

    "Great place to work"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Branch Office Manager in Fort Worth, TX
    Recommends
    Positive Outlook
    No Opinion of CEO

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

    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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  5. Edward Jones - Financial Advisors | Division of Edward Jones

    "Great company."

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Commercial Real Estate Underwriter in New Orleans, LA
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Edward Jones full-time for more than a year

    Pros

    Lots of support when you start. Income can be limited. Great training.

    Cons

    One person branch can feel a bit isolated.

  6. Edward Jones - Financial Advisors | Division of Edward Jones

    "Better than canadian banks"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Financial Advisor in Vancouver, BC
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Edward Jones full-time for more than a year

    Pros

    Great training and network. Work structure is very entrepreneurial.

    Cons

    Out-dated company culture and very 'square'.

  7. Edward Jones - Financial Advisors | Division of Edward Jones
    Helpful (4)

    "Great company but be ready for the grind"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Financial Advisor in Saint Louis, MO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Edward Jones full-time for less than a year

    Pros

    Base salary Great training Benefits Unlimited potential Paid training

    Cons

    Door knocking Starting with nothing , no leads just whoever you know

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  8. Edward Jones - Financial Advisors | Division of Edward Jones

    "Great Company for Training & support"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - CPA in Sacramento, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Edward Jones full-time for more than 8 years

    Pros

    Great Training, great support staff, good bonus travel

    Cons

    Lower payout, moderate range of product offerings. Training meetings, wholesaler product training & dinners is strictly for EDJ advisors. You are not to meet with outside advisors and be tempted to leave

  9. Edward Jones - Home Office | Division of Edward Jones

    "Great place to begin a career"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Branch Intern 
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Edward Jones full-time

    Pros

    Awesome people, great company, great training, great compensation, just an awesome place to work.

    Cons

    Customer satisfaction is going to be 70% how the market is preforming.

  10. Edward Jones - Financial Advisors | Division of Edward Jones
    Helpful (3)

    "Great training and community, terrible job"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Financial Advisor in Raleigh, NC
    Doesn't Recommend
    Neutral Outlook
    No Opinion of CEO

    I worked at Edward Jones full-time for less than a year

    Pros

    Great training program for licensing and a good sense of community with lots of help from other advisors

    Cons

    flawed marketing plan, going door to door is no longer effective, no leads whatsoever, territories treated the same although drastically different, you have to sell commission products to meet sales goals but advisory is better for everyone long term.

Found 159 reviews