Edward Jones reviews

3.4

54% would recommend to a friend

(1,218 total reviews)
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Penny Pennington

58% approve of CEO

54% positive business outlook

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1K reviews

Reviews about "Compensation"

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1.0
Nov 30, 2023

So disappointed

Recommend
CEO approval
Business Outlook

Pros

They are a few positives but not as many as they used to.

Cons

Hybrid activation- for those that don’t know what that is, that’s where they gave you a choice of where to work, then a year later pull the decision out from under you. With what seems to be with very little consideration. Pay is low, opportunities seem to be going away.

2.0
Nov 15, 2023
Recommend
CEO approval
Business Outlook

Pros

Only reason I gave 2 stars instead of 1 is because the health insurance is decent...

Cons

As a BOA you will be tied to a desk in an office for 8 hours a day. Your manager is the financial advisor (FA) and 95% of them are terrible people to work with and will consistently ask you to cross the line of your job description, which could get YOU fired if you are caught. If the FA is not doing enough business you will not get a bonus or be eligible for a promotion to have a Senior title. Also the salary you are hired at determines how much you will get paid for the rest of your career at Edward Jones (EJ). No matter what salary you are hired at the max raise you will get annually is 5%. You could put in 20 years at EJ and not make $80k/yr. in California. Every now and then (I only saw this 1 time in my 4 years) they do a firm-wide cost of living adjustment, but it's still not enough, maybe a 2% increase. You are the only employee of the FA so all the work they don't want is dumped on you, and you have to do it. There are "jokes" (but it's not really a joke it's true) about this job, EJ wants soccer moms who are bored and want to work to keep busy, but don't really need the money. And if you are wanting to open an account and make trades, the trades for employees are only discounted, they are not free. There is no career path other than becoming a Financial Advisor, and forget about any sort of work/ life balance unless you get one of the 5% of actual humans as a FA, but even then you have to submit an hourly timecard and the company can check to see when your workstation was active.

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