Room for improvement - Branch Office Administrator Edward Jones Employee Review

4.0
Jul 15, 2024
Recommend
CEO approval
Business Outlook

Pros

Insurance is great, but has extremely high deductibles. Work life balance if you work well with the financial advisor you onboard with. Tuition reimbursement, but you have to pay it back if you leave the company within a certain amount of time after you graduate.

Cons

One of the best and worst companies I've worked for simultaneously. If you are a Financial Advisor, the company kisses the ground you walk on. They get trips to other countries on the companies dime, huge bonuses and commissions, and many other incentives. Not so much for the BOA's. We are offered tuition reimbursement to get a BA or MA but then you owe a certain amount of time to the company or you pay it all back. And don't think you get a raise when you get that degree, because that has no bearing on your wage. As a BOA there is the possibility to have great bonuses, ONLY if your financial advisor is highly successful AND wants to share. There is no upwards momentum for a BOA other than to become an advisor themselves.

Explore other reviews about Edward Jones

5.0
Jun 9, 2026
Recommend
CEO approval
Business Outlook

Pros

Great starting pay, good training

Cons

I did not find any cons

2.0
Jun 9, 2026
Recommend
CEO approval
Business Outlook

Pros

Holds firm to its conservative investment philosophy.

Cons

The firm has been behind the times for decades. It is great that they are finally trying to get up to speed, but the rate of change is not manageable. There has been a high turnover in support staff and it's hard to get accurate information when needing support. It also seems like they have lost their original focus of being the local friendly financial advisor in your backyard and being accessible to the masses. The focus has shifted to high-net-worth individuals and catering to the wealthy. I've watched several advisors get pushed out because they expressed concern and needed support they weren't receiving. When hired as an advisor I was told I'd receive all of this wonderful training of what to say and how to overcome objections and did not receive any of that training. Most of the training is a high-level overview with homework of figuring it out on your own time. In order to be successful as an advisor at Edward Jones, you need to plan on working 80 hours a week for at least the first five years at the firm with little to no support.

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