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
Oct 13, 2022

Culture has gone downhill

Recommend
CEO approval
Business Outlook

Pros

Work Life Balance is good. Coworkers always helpful and nice

Cons

Long-term employees get paid very little. New employees being hired in at higher pay rate but can't get as much work done, we train them, they leave in a short amount of time because the work environment is no good compared to other IT companies. IT is quickly growing and they brought in a lot of bad managers who were laid off at other companies and bringing in underqualified workers. The culture has become toxic on many teams and we are seeing employees move from team to team or leave or get fired. Managers are promising promotions to existing coworkers and not following through which caused one of my teammates to quit. I hear coworkers from different teams complain of management dangling carrots in front of them only to put the carrot out by a few miles at the last minute. I was warned that Edward Jones likes to count their pennies and have witnessed this time and again by refusing to keep employees salaries up-to-date with market value and providing false promises of raises or bonus dollar amounts.

5.0
Jun 24, 2021
Recommend
CEO approval
Business Outlook

Pros

Penny is a solid Managing Partner and there are cracks in the 'business as usual structure' of Edward Jones (this is very, very good). There is an active push to bring more diverse people to the table to reflect the changing demographics of America and the changing face of wealth - and an active pushback from the more conservative elements of the firm who just can't tolerate this. I feel as if the company finally realized in order to survive, there would have to be an evolution of thinking and practice and we are seeing the start of this and the bearing of fruit. It's tough going though, but ultimately the right path.

Cons

Still there remains a 'good ole boy' network, especially at the top that only wants you in a position of power in the org if you're 'one of them'. It's very limiting as a Financial Advisor - there are many good options Edward Jones won't allow you to work with. You'll do a lot of work and check a lot of boxes that provide no value, but protects the firm. This is a long game - you have to be with the firm a min of 5 years to see the real benefits

2.0
Aug 19, 2020

Understand what this is

Recommend
CEO approval
Business Outlook

Pros

Autonomy of your work Lots of upward potential Great networking opportunities

Cons

Churn and burn model; They know their attrition rate is terrible thats why they hired you and about 50 of your neighbors Bring a book of business or a plan because if something throws a wrench in the door to door model like a global pandemic; dont expect anyone to tell you how to succeed Legal jargon in the contract you sign from the beginning threatens to hold you responsible for a large loan for "training fees" if you complete all the required training.

Viewing 259 - 261 of 5,325 Reviews

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