I was induced to this “interview” under the guise that it actually was an interview. It is not. It is an hour-long promotional speech on why you should choose to take a risk and basically start your own business with a little help from Bankers. You will need to get all of your own insurance licenses, at your own cost. The “interview” is a group presentation in one of the most-outdated and poorly maintained buildings in Edina.
When I walked in and realized that was a group presentation and not an interview, I walked back out of the group presentation room and asked the receptionist (buried behind clutter and mounds of paper, some leaning up against the wall to keep them upright) if this was a presentation instead of an interview, she in turn asked a gentleman from the office to talk to me.
I repeated my question, was this an interview as I had been led to believe or merely a group presentation? The man curtly replied, “Do you have someplace better to be?” Then he snapped, “ I don’t know you. The only way I can learn if you are worth my time is through the presentation. Tell you what, if you stay and you think that I wasted your time, I’ll pay you.” Then, he walked out of the office to the restroom.
Not knowing what kind of money was on the line, I stayed. I did not fill out any of the paperwork they give you (a full personality test and detailed profile). The gentleman who confronted me before turned out to be the presenter. I stayed anyway and listened. The presentation detailed how supposedly Bankers is the best company ever to work for (alongside really)-dream vacations and six-figure salaries await those who choose to invest their time and money to pursue a Banker’s career.
According to our friend, the presenter, he now makes more than his lawyer and doctor buddies and works far less. When it came time for questions, I asked some pointed ones.
Q: Since you travel to some many homes concerning insurance, does Banker’s reimburse for any of your extra car and gas expenses?
A: No.
Q: Do you need insurance licenses for this?
A: Yes.
Q:Will Banker’s pay for those licenses or courses?
A: No. However, if you work for Banker’s for 90 days and meet certain sales goals, “you can apply for reimbursement for the license fees.”
Q: What is the turnover rate?
A: 45% of agents quit within the first 14 months.
Q:Do they offer benefits?
A: No.
Q: Do they offer any guaranteed salary?
A: No.
Q: 401(K) matching?
A: No.
Q: 401(K) at all?
A: No.
Then, our presenter said, “So, I have ten bucks. Did I waste your time? Do you want to take it?” After an hour and fifteen minutes, he had wasted my time, but that he thought my 75 minutes were worth just $10 ($8/hour), absolutely solidified that I would never want to work for Banker’s. I probably should have taken the money, for gas if nothing else, but I politely declined and left.
Do not make the same mistake that I did. Do not waste your time with this group presentation. Google Banker’s and realize that investigations from Congress are pending and that have been universally panned by clients as a complete sham. To work for them, you would need to prey on the elderly and promise services that the BBB can verify are routinely not delivered.
No matter your desperation, look elsewhere.