Edward Jones reviews

3.4

54% would recommend to a friend

(5,325 total reviews)
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Penny Pennington

58% approve of CEO

54% positive business outlook

Edward Jones has an employee rating of 3.4 out of 5 stars, based on 5,325 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Edward Jones employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

5K reviews
1.0
Feb 9, 2010

Eh...

Recommend
CEO approval
Business Outlook

Pros

Great if you can deal with the door to door and if you can deal with 3 degree weather going to peoples doors.

Cons

The ranking as #2 is b.s. They call the branches that have been around for years, call the new guys and you will see a non-ranking.

2.0
Feb 6, 2010
Recommend
CEO approval
Business Outlook

Pros

Good pay with time The best training for Series 7 Only sells quality products Good culture

Cons

Good advice gets in the way and confuses people. Must sell what they want until you are established. Areas with lots of EDJ advisors can be tough to navigate. Expect lots of calls about "why are you knocking near my office?" or "Why did you talk to my client?" Almost zero product knowledge training. Have to teach yourself. Many people come in with clients lined up from either working at a bank or family connections. Expect to compete head to head with these people. Extremely low odds of surviving past a few years

3.0
Feb 5, 2010
Recommend
CEO approval
Business Outlook

Pros

Independence, unlimited earning potential, running your own office, Incentive trips A+. All the CONS are explained to you before you start, nobody goes into this blind. It shocks me to see people complaining about things that they signed on for to begin with. Ideal candidate will be A type with 10 + years in business, preferably financial services, and someone with lots of connections and organizational involvement. Usually this candidate will have a parachute or buyout from previous employer and most don't realize they can ask their current employer to voluntarily cut the position and pay severance (after they accept the EJ job). This income difference will provide the differential in income to survive financially the first year. You must be a good manager and able to manage the unique type of management relationship created with one employee in an isolated office. Previous management experience goes a long way. Hire the BOA wisely - ideal candidate would be a lifetime local with secretarial experience and many local connections. The office administrator will make your career if treated right and sink you if you abuse or misuse them. They are not your personal assistants but rather partners in administrative duties and client support. Manage correctly, find the right mix between friendship and subtle but firm guidance, mentor-ship and clear direction. Don't forget to compliment their work.

Cons

Knocking on doors, IN WINTER!!!! working 70 hour weeks the first year, isolation, fear of not making it, potential for bad local support and not making it, lower than low first year income. Advice - Your success is in your hands, make sure you get what you need from your local support team and if you are not getting the local training you are responsible for fixing the situation, don't sit back. Force yourself to knock on one more door, and keep going. The success is in the numbers, keep your eye on the future. It's only a few years of hard work but if you do it you will ultimately be in a place where you can earn 100k plus and not have to door knock any more. You will ultimately make money just by waking up in the morning, but you have to put in the work, do what is right for the clients and they will refer business to you and you will not need to seek it any more.

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