How to get a job at Edward Jones.

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justdoit33 in Montclair, New Jersey

90 months ago

I am not sure when you CSD was. We tried to get everyone through.we even spoke at least on a weekly basis. Still, 40 percent of my KYC class remain, so again I would be curious when you CSD was, but I reckon you will soon find out that there is only so much you can do for others.

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jakes owner in Burlington, Ontario

90 months ago

justdoit33 in Montclair, New Jersey said: I am not sure when you CSD was. We tried to get everyone through.we even spoke at least on a weekly basis. Still, 40 percent of my KYC class remain, so again I would be curious when you CSD was, but I reckon you will soon find out that there is only so much you can do for others.

New to forum in Canada just did my survey and have F2F next week any tips from anyone

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nick83 in Winter Garden, Florida

90 months ago

I agree with the previous posters', any extra effort such as searching the web, blogs, or this message board, shows that you care and really would like to succeed. During my final face to face, my interviewer actually asked me if I did any 'outside' research via message boards, blogs, articles, etc. I told him yes.... Indeed.com. He then wrote the website down and most likely made an account and loged on later. This career is obviously for the self-motivated, and all of you have a piece of that characteristic because you have deviated from the EJ website and have done extra research. Good Luck to all!

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riostwo in GR, Michigan

90 months ago

Wow! I stumbled on this forum somehow and it's great! I've been with Jones for ten years and I'm just so excited for you FA's that are just starting out. I volunteer as a sounding board for female financial advisors just getting started and I remember those first days very well. Some fondly, others not so much! You're in for a great career with a top notch firm.

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WildChicken in Austin, Texas

90 months ago

I had my initial interview and was told that they would be sending my information over to the hiring manager for further review. How many days does it usually take before you get accepted to the behavioral interview. What are things that will almost immediately disqualify you from employment?

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cube77 in Grand Forks, North Dakota

90 months ago

Hey all I had my F2F interview a week ago and still haven't heard anything back. I thought the interview went really well. In the interview he told me it would take 7-10 days. Reading on here it seems most people hear back right away. Has anyone else had to wait a week before hearing back from them. Thanks.

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indianahoosier in Indianapolis, Indiana

90 months ago

Hello All!

I am new to the forum and just received an offer to join the Apprentice Program. I will be graduating from college in May and feel that they put me in this program because of my lack of 'real world' experience. I am a little nervous about the hourly wage...is it enough to support yourself? Does anyone have an inside info on the Apprentice Program? I would love to talk to someone who has done it.

Thanks for the help!

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prattgr2006 in Saint Louis, Missouri

90 months ago

Cube 77 and others, what kind of questions areasked at the F2F interview? Are there behavioral based questions? Good luck to all.

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indianahoosier in Indianapolis, Indiana

90 months ago

RavToronto in Toronto, Ontario said: Hey everyone, just got the job last week and will be starting my 3 month apprenticeship on June 10th! I start with a few days training in the Mississauga Ontario office then go to my host advisor. Was wondering if anyone else will be starting that date, or has experience first going through the apprentice program? This board has really helped me out a lot, thanks again and look forward to meeting the other Ontario hires!

Hey! I was offered the apprenticeship too! My start date is June 8th, though and I will be doing my training in St. Louis. Good to know someone going through the program. Will you let me know if you get more info...I'm really anxious to hear more! Thanks! hshafer@indiana.edu

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TripleCrown2009 in Dawsonville, Georgia

90 months ago

Hello Cube77! I had my F2F interview last Thursday--- so today, Friday, (a week later) I called my hiring specialist contact an left her a message. She called me back and said they wanted to offer me a position and that a new hire package had been sent to me and I should receive it today in the mail. Sure enough, when I got my mail this evening it was there. Think there was some delay because of the holiday.
Hope you had great news today also!
Although much of the program and interview process is formalized and there are standard questions they ask most applicants, from my reading here, everyone's experience has been unique.
Thanks to all who have taken their time to discuss their experiences!

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John Messner in New Orleans, Louisiana

90 months ago

The scoop as I have seen it:
(and no I'm not some disgruntled ex - EJ employee, I am an average person that wants to share what I am learning with you!)

They say in the inverview process and online that they are 'family' oriented. I don't think so. Once you come aboard it's all about telling your friends and family you won't be seeing much of them - somehow working 70 hours a week for two years is supposed to be 'worth it'. Monetarily I see their point. Family wise, no way.

They work you on Saturdays - TRUE - so don't plan anything on the weekends. You won't meet any of your goals if you do, that's how it's set up. If you don't work the Saturdays, you don't make as much - you don't meet your bonus milestones.

So I'm sure an FA or someone will come back with a reply saying that what I've said is not true. Well use common sense - do I have any benefit to taking time from my life to write this other than to put a truth out here? They have lots of reasons to dispute what I say - they're getting cheap labor, locking it(you) in as a lead generator for them for months.

It's total upside reward for them, much downside risk for you.
Just know what you're getting into.

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justdoit33 in Montclair, New Jersey

90 months ago

I don't mean to pick on you at all.... When was your CSD? I assume you are no longer with us. There is no doubt: this is a frontloaded business. The last Saturday I had off was months ago and yes I did make my milestones (so far). We made the decision to join EJ as a family, because otherwise this would not be doable. As a family we think this is a great decision long term. Very much like getting another graduate degree what have kept me away from home. From the 150 people in our KYC class only 45 are left, but I wouldn't want to work anywhere else. I love what I do, the contribution I make to the lives of others and the contribution I will be able to make to my family down the road.

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WRHIII in Bloomington, Indiana

90 months ago

The most wonderful part of Jones is that YOU run YOUR business they way YOU want to. I have made every goal and milestone through my first year with Jones. I am on pace to be a Fast Starter and yes I've worked my butt off! I am married with three kids, 5, 4 tomorrow and 1, I am our Sunday School Superintendent and I attend a class aon Tuesday and Friday nights and Church on Wednesdays. This is how my week goes: Monday-Friday I drop off my oldest at school at 8:30, younger two go to Mamaw's and Papaw's by 9:00. I call/face to face from about 9:15-12:00, I meet my wife for lunch 3 days a week at her job. I always take lunch from 12:00-1:00. 1:15-5:00 call/face to face. Home by 5:30 for dinner with my family EVERY night. At 5:30 I do not work again until my kids are asleep and usually until my wife goes to bed. I usually work again from 10 or 11 until I am prepared for the next day. The ONLY time I work a Saturday is for appointments for an exceptional promo I want to hear. I know plenty of people who work twice as much as I do but not even half as hard or efficiently. Now I also know people who have worked as much and way more than me and they are doing much better than me.
My point is YOU decide how YOU run YOUR business! 70 hours a week along won't do it. It's the quality and effiency of your hours that matter.

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justdoit33 in Montclair, New Jersey

90 months ago

Well pretty much everyone in my region works saturdays, including our Regional Leader, I don't think poor Time Management is the issue. I actually spearheaded time management workshops in my old job.....our lower segments also mostly work 2 nights a week.

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sturg11 in Salt Lake City, Utah

90 months ago

John Messner in New Orleans, Louisiana said:
It's total upside reward for them, much downside risk for you.
Just know what you're getting into.

John, what other business could you start with almost no start up cost and such a large potential upside in the long run? Sure, there is an upside for them, but they also spend thousands of dollars on each potential FA. You do have to work hard, but if you want to start a business, you have to expect that. 70 hour weeks beat 100+ hour weeks any day of the week, and I will end up making more than docs that have put a lot more work in and a lot more time. I call that a great investment on my part and I am glad to have a partner like Jones who is willing to invest in / with me.

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John Messner in New Orleans, Louisiana

90 months ago

I guess like EJ, you don't count family as a 'cost'.

Many successful startups strike a balance of family and work. It's the unsuccessful ones that don't. That's why they don't succeed. Flameout.

Hard measured work in a healthy, family-supported, balanced atmosphere works. EJ's training schedule does not have a healthy balance.

If you want to forego the component of family in your life during training for 2-3 years, work for EJ.

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justdoit33 in Montclair, New Jersey

90 months ago

Clearly we are not going to agree. I make now more of my family's games and races than before- virtually all. My family understands that long term goals and benefits require short term sacrifices. EJ knows that there are things I won't ask from my family no matter what. I have checked with my family along the way and the answer has always been the same. As a family we have chosen EJ and vice versa. To me key is to get your children involved in the decision making process. As far as the balance goes, I disagree: at first there is little so you can have balance for the rest of your career. One of the things we received when we started was ou EJ bull and bear keyring "as a reminder how mucj hard work building a business takes". No matter where you build your business, it is a hard road. Vision and perseverance can carry you through.

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WildChickenDanc in Austin, Texas

90 months ago

I didn't even make it to the behavioral interview. I was honest with them about my past experiences. What a fail, I was pretty optimistic.

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TripleCrown2009 in Dawsonville, Georgia

90 months ago

WRHIII in Bloomington, Indiana said: The most wonderful part of Jones is that YOU run YOUR business they way YOU want to. I have made every goal and milestone through my first year with Jones. I am on pace to be a Fast Starter and yes I've worked my butt off! I am married with three kids, 5, 4 tomorrow and 1, I am our Sunday School Superintendent and I attend a class aon Tuesday and Friday nights and Church on Wednesdays. This is how my week goes: Monday-Friday I drop off my oldest at school at 8:30, younger two go to Mamaw's and Papaw's by 9:00. I call/face to face from about 9:15-12:00, I meet my wife for lunch 3 days a week at her job. I always take lunch from 12:00-1:00. 1:15-5:00 call/face to face. Home by 5:30 for dinner with my family EVERY night. At 5:30 I do not work again until my kids are asleep and usually until my wife goes to bed. I usually work again from 10 or 11 until I am prepared for the next day. The ONLY time I work a Saturday is for appointments for an exceptional promo I want to hear. I know plenty of people who work twice as much as I do but not even half as hard or efficiently. Now I also know people who have worked as much and way more than me and they are doing much better than me.
My point is YOU decide how YOU run YOUR business! 70 hours a week along won't do it. It's the quality and effiency of your hours that matter.

GREAT Post! Thanks!!!! I am curious about what percentage of your business is from people you knew before your association with EJ VS new contacts?

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JosephJ557 in Florida

90 months ago

Im surprised that this forum is so positive about EJ. I used to work for EJ and found their business model to be obsolete. If you do it and are successful at it, more power to you. But if you thinking about joining EJ, know what you are getting into.

Door to door salesmen have a very negative stigma attached to them. It is likely the fry cook at McDonalds has more respect. People dont usually like to be disturbed at dinner time or during family activities to talk to some unknown guy at the door trying to talk to them about finances.

Part of the problem may have been where I live. It's a very liberal town with tons of die-hard Obama followers who think capitalism is the epitome of evil. Go around calling yourself a "financial advisor" and you will likely be automatically associated with AIG and Bernie Madoff.

EJ's model worked well when they started out in the early days where the middle class had little access to financial services. Now, people have computers to do their own financial planning. Simply going door-to-door is no longer very sucessful. It might start you up, but FA's will have to get more creative than cold-calling and door-knocking to get clients in the long run.
There is a reason only 15% of new FAs today stay in the business past year 3. And it has nothing to do with the work hours. The market is getting saturated with FAs. I can't tell you how many doors I knocked on where the person said, "I already have an advisor."

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wealthmanager in Livermore, California

90 months ago

I am not a fan of the Ed Jones business building model but to say it's obsolete would be a mistake. It is a system that works for them and there is no question that they are an established and credible company. Fly up to St. Louis, see their corporate headquarters, the thousand of employees and then come back here and tell me it doesn't work. Also why FAs wash out of the biz has nothing to do with any of the reasons you listed. Every prospect I ever spoke to had an advisor. If you go out there and keep looking for assets you'll find them. The key is to find a prospecting method that you like and won't give up on. Doesn't matter what it is, just do it, keep doing it and then do it some more.

The reason why people wash out is due to two reasons. First is that they find the work isn't what they thought it would be and they simply aren't a good fit. The next reason is economic because this is a business that takes years to build. Most advisors starve their first few years and that is even with the help of a salary. That is the price of making it through to the other side where you can literally make high six figure incomes, work when you want and never ever have to worry about your job security again.

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WRHIII in Bloomington, Indiana

90 months ago

JosephJ557 in Florida said: Go around calling yourself a "financial advisor" and you will likely be automatically associated with AIG and Bernie Madoff.

I can't tell you how many doors I knocked on where the person said, "I already have an advisor."

Two points on these two quotes.

Frist, I have made over 2,000 first contacts and have never said "I'm a Financial Advisor". "I have an Edward Jones office here in town and I help individuals and small businesses achieve their financial goals."

Second, if I hear "I already have an advisor", I start a little happy dance in my head. You can pretty much gurantee their advisor has never knocked on their door or contacted them as frequently as I will. Generally their advisor won't hand them a card with a local phone number and his/her cell number. Even better right now about 95% of investors are not happy with their advisor so it's a PERFECT opportunity to offer a second option/opinion.

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WRHIII in Bloomington, Indiana

90 months ago

TripleCrown2009 in Dawsonville, Georgia said: GREAT Post! Thanks!!!! I am curious about what percentage of your business is from people you knew before your association with EJ VS new contacts?

Email me at hodgesw3@gmail.com

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TripleCrown2009 in Dawsonville, Georgia

90 months ago

I am surprised at the number of individuals who take time to try to "rain of the parade" of Edward Jones hopefuls. I will venture to predict that several of the determined and positive folks here will have quite successful careers.
In all areas of life, there are the nay sayers and there are those who love to cause angst in others. I just recall a great quote from Theordore Roosevelt- shrug off the negative people and get to work. Here is the quote for anyone who might be curious:

"It is not the critic who counts, not the one who points out how the strong person stumbles, or where the doer of deeds could've done them better.

The credit belongs to the person who is actually in the arena, whose face is marred by the dust and sweat and blood; who strives valiantly; who errs, and comes short again and again, because there is no effort without shortcoming; but who does actually strive to do the deeds; who knows the great enthusiasm, the great devotions, who spends himself or herself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he or she fails, at least fails while daring greatly, so that his or her place will never be with those cold and timid souls who know neither victory nor defeat." Theodore Roosevelt.

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WildChickenDanc in Austin, Texas

90 months ago

Would a class action lawsuit knock me out of contention for a position with edward jones? If I didn't get through this initial time when can I apply again?

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Acct Exec in Alachua, Florida

90 months ago

WRH What firm did you transfer from again?

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Acct Exec in Alachua, Florida

90 months ago

WRH What firm did you transfer from again?

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JosephJ557 in Florida

90 months ago

Cold selling is extremely difficult in many areas. You could knock on 100 doors or make 100 phone calls and not get a single promising prospect. If you can handle that level of rejection and still hold motivation, go give it a shot. But most people can't. It eventually wears most people down over time. THAT is what leads to most of the washout. It's not the hours worked.

I never said EJ is a bad company. But it is not the right firm for all persons in all areas.

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TripleCrown2009 in Dawsonville, Georgia

90 months ago

JosephJ557 in Florida said: Cold selling is extremely difficult in many areas. You could knock on 100 doors or make 100 phone calls and not get a single promising prospect. If you can handle that level of rejection and still hold motivation, go give it a shot. But most people can't. It eventually wears most people down over time. THAT is what leads to most of the washout. It's not the hours worked.

I never said EJ is a bad company. But it is not the right firm for all persons in all areas.

Do a great job for a client and you will begin to build an exponential referral based business - it's not cold selling forever Joseph. Sucessful persons in sales build long term relationships and provide great service - in time it becomes referral based and appointment only. Its the natural evolution in a successful career.

Sorry it didn't work for you.

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TripleCrown2009 in Dawsonville, Georgia

90 months ago

This forum was formed by INDEED and is titled "How To Get A Job At Edward Jones"- NOT a place for disgruntled or unmotivated, unsuccessful EX-agents to dump their negativity. Let's stay on topic and continue to share our interview experiences to help those going through the process to - "Get a Job At Edward Jones"
After spending hours reading through the 30+ pages of posts here - I can say- my interview questions and concerns were answered positively and professionally and I sincerely thank those who took their valuable time to share!

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Acct Exec in Alachua, Florida

90 months ago

There is no doubt that this is an opportunity not right for everyone everywhere.

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TripleCrown2009 in Dawsonville, Georgia

90 months ago

Riostwo in GR, Michigan said: Wow! I stumbled on this forum somehow and it's great! I've been with Jones for ten years and I'm just so excited for you FA's that are just starting out. I volunteer as a sounding board for female financial advisors just getting started and I remember those first days very well. Some fondly, others not so much! You're in for a great career with a top notch firm.

Would love to stay in touch with you. I'll begin with Edward Jones in May and am thrilled!

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TripleCrown2009 in Dawsonville, Georgia

90 months ago

John Messner in New Orleans, Louisiana said: Triple Crown - nice try at filtering out an opposing viewpoint. Why don't we just filter your your comments instead of those that don't agree with you?

If you don't like hearing both sides of a topic, move to a communist country (or another forum). They will welcome you.

I appreciate constructive thoughts- I'll just connect with those who have decided to remain positive and seek success! Have a great day! I will also try to respect the reason for the forum- that was my point.

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TripleCrown2009 in Dawsonville, Georgia

90 months ago

Acct Exec in Alachua, Florida said: There is no doubt that this is an opportunity not right for everyone everywhere.

Yes, you are right.

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John Messner in New Orleans, Louisiana

90 months ago

Thanks.

It's obvious you think quite alot of yourself and your decision to work with EJ. Success seekers come in all shapes and sizes - and don't always follow the path that you have.

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TripleCrown2009 in Dawsonville, Georgia

90 months ago

John Messner in New Orleans, Louisiana said: Thanks.

It's obvious you think quite alot of yourself and your decision to work with EJ. Success seekers come in all shapes and sizes - and don't always follow the path that you have.

There are many choices of vocation for everyone. Don't think I want to partner with those seeking failure:) Your comments towards me are personal and that's ok. Silly you would waste your time for such negativity. Anyway, I have lots to do today- won't be back for more bantering.

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John Messner in New Orleans, Louisiana

90 months ago

Just posting a response to your "I'll just connect with those who have decided to remain positive and seek success!" remark directed at me.

Listen, everyone meets someone like you in life - an individual who thinks only their way is the right way. I am successful in my personal AND professional life, which is why I wanted to let those who seek advice about EJ in this forum know what to expect. Be prepared to forego a healthy personal/vamily life for 2-3 years. And EJ says as much after you're hired.

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Whiney Orange hater in Flower Mound, Texas

90 months ago

TripleCrown2009 in Dawsonville, Georgia said: There are many choices of vocation for everyone. Don't think I want to partner with those seeking failure:) Your comments towards me are personal and that's ok. Silly you would waste your time for such negativity. Anyway, I have lots to do today- won't be back for more bantering.

Personally, I say BRING ON the negativity as well as the positivity. I sought out this thread in order to hear various opinions, and I really appreciate the input (positive and negative) that is allowing me to form my own viewpoint of the Edward Jones experience.

Currently I am on the second portion of the interview process and will meet tomorrow with a FA in my area. I am going into the interview with a clear understanding of what to expect simply because I have taken the time to read what others have said or explained on this forum.

Heres hopin!!

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John Messner in New Orleans, Louisiana

90 months ago

Whiney - awesome. By the way, EJ is right for some people. Good luck.

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riostwo in GR, Michigan

90 months ago

TripleCrown2009 in Dawsonville, Georgia said: Would love to stay in touch with you. I'll begin with Edward Jones in May and am thrilled!

TripleCrown, are you already hired? If so, what town will you be going to?

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WRHIII in Bloomington, Indiana

90 months ago

Acct Exec, I'm not a transfer producer. I'm what Jones calls a new/new. Started in their study program and started a new office with 0 clients.

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Acct Exec in Alachua, Florida

90 months ago

You speak of your first year in the past tense, so how long have you been with Jones?

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TripleCrown2009 in Dawsonville, Georgia

90 months ago

Riostwo in GR, Michigan said: TripleCrown, are you already hired? If so, what town will you be going to?

I am hired Thank you! Beginning in May. We love Michigan! We will be there first week in May for a 5K in honor of my Brother-in-Law who recently lost his fight with Multiple Myeloma. A ten year Edward Jones veteran, and you have made time to share here- how terrific. Where are you in Michigan?

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vigi in Wichita, Kansas

90 months ago

Great forum, it's good to have negative and positive feedback. I understand the thread of this forum is "How to get a job at EJ" but all this personal experience is helpful too.

I will have my f2f next week, thanks to this forum I feel very prepared. I did my surveys last week, I was told 25 surveys would take about six hours. I committed to less than that and only took me less than 2 hours. I would have continued but it started to rain. It was very challenging, I found 1 in every 4 houses that I knocked on were home, 2 decline to participate, having a sales background I might have pushed a little, otherwise, I think I would have only got half completed. Despite the door knocking I am certain EJ is where I want to be at. I believe working hard now will pay off later. No one says this is easy and it's not for everyone. You don't know if it's for you unless you try.

The only thing that bothers me a little is the contract and the fact that they might come after you for $100k training fees. What about all the advertisement you do for EJ during your door knocking?

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riostwo in GR, Michigan

90 months ago

TripleCrown2009 in Dawsonville, Georgia said: I am hired Thank you! Beginning in May. We love Michigan! We will be there first week in May for a 5K in honor of my Brother-in-Law who recently lost his fight with Multiple Myeloma. A ten year Edward Jones veteran, and you have made time to share here- how terrific. Where are you in Michigan?

If you give me your email, I will contact you. Thx!

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Whiney Orange hater in Flower Mound, Texas

90 months ago

ONE of the steps in the interview process at Edward Jones(EJ)is to meet with a local financial advisor (FA). Before I met with the FA I received a list of questions from my EJ recruiter (the person that tracks my progress through the hiring process. Today I had the appointment and all seemed to go well. I actually met with two FAs and their Business Office Administrators (BOA). All of them were very friendly and encouraging.

The FAs were very up front about the EJ culture and experience. Personally, I like the way it is structured and would not have a problem building my clientele from scratch, even if it means knocking on some doors. The BOAs genuinely seemed to love their job and the FAs seemed quite satisfied with the company, even if one of them did seem very tired (he's fairly new)!!

Hopefully, I will be allowed to continue on; I'm not sure if the FAs give the recruiter their seal of approval or simply state that they met with me.

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travistaylor in Colorado Springs, Colorado

90 months ago

The Webinars tomorrow and Thursday will be focused on sharing the business opportunity with Accelerated Wealth. Please be sure to register for these webinars through the links posted on the Accelerated Wealth website. This is a perfect opportunity to introduce potential advisors to Accelerated Wealth. To view more go to www.acceleratedwealth.com

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JosephJ557 in Florida

90 months ago

TripleCrown2009 in Dawsonville, Georgia said: This forum was formed by INDEED and is titled "How To Get A Job At Edward Jones"- NOT a place for disgruntled or unmotivated, unsuccessful EX-agents to dump their negativity. Let's stay on topic and continue to share our interview experiences to help those going through the process to - "Get a Job At Edward Jones"
QUOTE]

Its not meant to be negative. It's just meant to be the truth of what to expect. The career section of their website peddles the work/family balance constantly. Yet it says nothing about it taking 4 years before you have a family life. If this is what you are going to do, you better make sure your family understands. Otherwise in 4 years when you finally have time, your wife may be re-married and your kids wont remember who you are.

And I do think the door-to-door sales pitch is obsolete. I live in a working community. Practically nobody is home until 6pm every day except kids playing hookie or people who are unemployed who are so depressed the last thing they want to talk about is investing money they dont have. There is absolutely no possible way I could get 125 quality contacts in a week. I spent 80% of my day knocking on doors that never opened. Sure I had some moderate success with businesses and networking ideas. But that wasnt nearly enough.

Plus this is pure high-pressure sales more than financial advising. When I figured out that I am no more respected by my prospects than a salesman selling magazine subscriptions, I knew this is the wrong profession for me.

Maybe in your area it is different and you can be successful. Go give it a whirl. But I suggest that while doing your survey activity you find that most houses have no one home...you might want to reconsider your location.

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Fairwayplay in Hudsonville, Michigan

90 months ago

Riostwo - new hire here going through SFS. This forum was very helpful to me through the interviewing process, but I have been too busy with studies to keep up lately. Would love to make contact with another FA in the area. My email is Fairwayplay@gmail.com. Thanks!

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AdviseMe in jacksonville, Florida

90 months ago

Fairwayplay in Hudsonville, Michigan said: Riostwo - new hire here going through SFS. This forum was very helpful to me through the interviewing process, but I have been too busy with studies to keep up lately. Would love to make contact with another FA in the area. My email is Fairwayplay@gmail.com. Thanks!

Fairway, are you happy about your decision to join EJ? I think it would be a great career in the long run, but I am concerned that 85% don't make it in the short run. Just wanted to hear what you have to say as a newbie.

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