deVere Group Reviews | Glassdoor.co.in

deVere Group Reviews

Updated 13 January 2019
390 reviews

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3.7
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deVere Group CEO Nigel Green
Nigel Green
288 Ratings

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Pros
Cons
  • "Not recommended for anyone who is not 100% committed and does not want to work long hours" (in 45 reviews)

  • "long hours, no work life balance, unethical somethimes" (in 15 reviews)

More Pros and Cons

  1. "Business development associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Associate in Mumbai
    Current Employee - Business Associate in Mumbai
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at deVere Group full-time (More than 3 years)

    Pros

    I don't see any pros for now

    Cons

    You are boss of your own. International exposure , good learning , get culture , career making opportunity :)

    Advice to Management

    No advise for now


  2. Helpful (1)

    "Financial Consultant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Consultant in Gurgaon, Haryana
    Current Employee - Financial Consultant in Gurgaon, Haryana
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at deVere Group full-time (More than 3 years)

    Pros

    a good place to learn

    Cons

    Salary structure and taxes should be taken care of properly

    Advice to Management

    pay some basic salary, rather than making a commision only job

  3. "FInancial Consultant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at deVere Group full-time

    Pros

    Great Commission structure if you meet targets

    Cons

    Commissions not fixed, no data provided for calling


  4. Helpful (4)

    "Worst Place to work in New Delhi"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Worked At Gurgaon Office in Gurgaon, Haryana
    Former Employee - Worked At Gurgaon Office in Gurgaon, Haryana
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at deVere Group full-time (More than a year)

    Pros

    This used to be a good place to work but new country head and HR made it the worse place to work.

    Cons

    - No HR support
    - Outsourced payroll which doesn't listen
    - Odd Timings
    -

    Advice to Management

    Please hire some decent managers and qualified HR to run this office. Don't leave it under the hands of monkeys.


  5. Helpful (2)

    "Great place to learn skills"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Consultant in New Delhi
    Current Employee - Senior Consultant in New Delhi
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at deVere Group full-time (More than 3 years)

    Pros

    Great training from the best in the industry, can make serious money if you can crack the expat wealth management game.

    Cons

    The number of expats in NCR region has come down, generating a prospect can be challenging but not impossible.

    Advice to Management

    Keep up the training, it's fantastic. Top management needs to be more interactive with consultants at ground zero rather than remote control from a different country.


  6. Helpful (1)

    "A good place to work at"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at deVere Group full-time

    Pros

    Good working atmosphere along excellent perks and benefits.

    Cons

    Management structure is not as per the expectation of being an mnc also more employee support need to be in place especially for new joiners.

    deVere Group Response

    19 Nov 2015 – Manager

    Thank you for your review,

    your comments have been noted and will be passed on

    We wish you all the best with your next adventure


  7. "Graduate Scheme is not as they sell it"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Approves of CEO

    I have been working at deVere Group full-time

    Pros

    Opportunity to make amazing money. They are the best and biggest financial advisory firm. Hard work is rewarded! This job really is not for the faint hearted, you will be expected to work long hours a day but the money I have seen people make is huge!

    Cons

    The graduate role is essentially sales. It was sold to me as a finance role but it really is not. For the first two years you will be cold calling and data mining all day. If you want to do sales this is a fantastic opportunity - it's tax free uncapped commission! But for myself personally I was so disheartened as I wanted to pursuit a career in finance, not sales. Furthermore, as it is in Dubai there are quite a few things that happen that just would not happen in the UK due to legal reasons. So it's a bit dogey in that regard. The retainer system - you do not have a proper salary.

    Advice to Management

    Just be honest about what the graduate job is! So so many people who joined when I did left, as they were mis-sold. People are moving half way across the world, it is only fair to be honest. There will be some great motivated sales-orientated young people out there that want this job and both grads and your time won't be wasted if you get the right people in.
    Furthermore, the retainer system is really just unacceptable. More people would stay if you provided a wage and then commission on top. I find the retainer system so disheartening and un-motivating. Lastly, there is no need for the people running the training course to speak to the trainees like dogs during the training period. We are successful graduates who want to do well, not criminals! There is a big different between being strict and being rude/nasty.

  8. "Financial Coordinator"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Shanghai, Shanghai (China)
    Former Employee - Anonymous Employee in Shanghai, Shanghai (China)
    Doesn't Recommend
    Neutral Outlook

    I worked at deVere Group full-time (More than a year)

    Pros

    - The company has a wide range of product solutions (over 5k). If you'd like to get a global understanding of offshore finances and estate and pension planning, this is definitely the place to be. Although, 80% of what you can learn and master depends on the consultant you work underneath.
    - deVere gives you a deep dive into sales. As a coordinator, most of your time will be dedicated to the phone, LinkedIn and F2Face sales. The company itself is strongly sales-oriented.
    - The steep learning curve from day one. Perfect to kick off your career regardless of which field you will head towards in the future.
    - Great opportunity to make good money.
    - By doing this job, you have to network a lot, both online and offline. The job is useful for getting to know other professionals in your area.

    Cons

    - Company's business model is not relevant for the second decade of the 21st century. Cold calls, which deVere goes hard on, are not as effective as they used to be in the 90s and the beginning of 2000.
    - No work-life balance.
    - No team spirit in the office.
    - Very low level of education and professionalism among employees.
    - No corporate culture.
    - No male-female balance among employees.
    - No benefits (the company explains it that you can make big bucks in this business - that's their main benefit).
    - Recruiting staff often lies about what the job entails and how you are getting paid.
    - Extremely high staff turnover.

    Advice to Management

    - Value and support employees.
    - Motivate people instead of instilling fear of getting sacked into them.
    - Pull the client, not push.
    - Don't be stingy on quality marketing.
    - Rebuild your name and reputation until it's too late.


  9. "Trainee Wealth Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at deVere Group full-time

    Pros

    Office banter was good, nice office building/location

    Cons

    Cowboys. 11 hour minimum work days


  10. "Unprofessional and Uneducated"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Adviser in Madrid (Spain)
    Former Employee - Financial Adviser in Madrid (Spain)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at deVere Group full-time (More than a year)

    Pros

    Experiencing life in another city

    Cons

    Unprofessional and surrounded by other financial advisers with no qualifications or a basic understanding of financial advice and investments. Completely unethical in their approach to business.