deVere Group Reviews | Glassdoor.co.in

deVere Group Reviews

Updated 21 April 2017
200 reviews

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3.5
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deVere Group CEO Nigel Green
Nigel Green
140 Ratings

200 Employee Reviews

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Pros
  • intensive training - learn a lot in a short time (in 10 reviews)

  • Massive earning potential, with Devere what you put into the job you get out regarding monies (in 19 reviews)

Cons
  • Long hours and hard work but also very rewarding (in 19 reviews)

  • Work-life balance is fairly non-existent (in 9 reviews)

More Pros and Cons

  1. "Great place to learn skills"

    Star Star Star Star Star
    • 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.


  2. Helpful (1)

    "A good place to work at"

    Star Star Star Star Star
    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


  3. Helpful (1)

    "Needs a lot improvement"

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

    Pros

    Good opportunity to meet right people and network. work independently and with coordinator.

    Cons

    Company doesnt pay for fuel, transport. Yes you pay anything and everything from pocket. your working hard and devere takes your cut.

    Advice to Management

    Management needs to look after employees and see what better can be done than being greedy and not spending any single dime for employee satisfaction. Needs investment into lead sourcing as thats key which deVere lacks on

    deVere Group Response

    29 Mar 2016 – Manager

    Thank you for your feedback. Your comments have been noted and will be passed along.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "Nice place"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales Advisor in London, England (UK)
    Former Employee - Sales Advisor in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Good money and experience b

    Cons

    Just long working hours p.

    Advice to Management

    Keep up the good work


  6. Helpful (1)

    "Do not believe at least 50% of these + reviews they are fake. (Written by kids told to do it to keep their pathetic job)"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Partner in Moscow (Russia)
    Former Employee - Senior Partner in Moscow (Russia)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    If you're lucky you make money, If you are rude aggressive and unprofessional you will frighten individual's to buy the overhyped product it's all in the training.

    Cons

    It is self-employed boiler room sales of the lowest order, run by highly unethical east end barrow boy who did well with his double glazing sales chat 20 years ago. The CEO is a low grade uneducated but lucky common market stall trader.

    Advice to Management

    Nigel, just retire please and stop this long term legalized fleecing of cash out of good people using unethical sales methods banned in many countries now thank god. You were investigated for fraud and you got away with it shame the Money Program could not get the muck to stick to your slimy skin.


  7. Helpful (5)

    "GRADS BELIEVE THE REVIEWS"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - International Graduate Program in Abu Dhabi (United Arab Emirates)
    Former Employee - International Graduate Program in Abu Dhabi (United Arab Emirates)
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    You get to live in a nice country however you probably do not make enough money to live comfortably.

    Cons

    MAKE NO MISTAKE, THIS IS A COLD CALLING JOB.
    Not only are you cold calling, you are in fact doing the same job as middle aged people that have been to prison, but you wasted 3 years at uni and he didn't.
    There is no grad programme whatsoever.
    Management are promoted due to how much money they have made, absolutely nothing to do with their management skills - Because none of them have any.
    The company culture is shocking. If you have not seen the movie 'Boiler Room' I would suggest watching that before applying to get a feel for how they talk to you in the office.
    You are not even salaried, you work off a retainer - which nobody is out of.
    deVere sell you a dream, and when you get to location you soon realise it is not what you thought it would be.
    You have to bribe and pay people to get expat's telephone numbers in order to cold call them.
    The reputation of the company is absolutely awful.
    The training is terrible.
    They do not help you in any way to set your life up when you move overseas, you get 1 week in a hotel and then you are on your own, good luck finding somewhere nice that quick with no help!
    THEY EMPLOY ANYONE!
    A lot of employees are only there to make their commission whether or not the client can afford their premiums.
    Everyone is replaceable. The turnover is ridiculously high.
    You will be told to succeed you must work 24/7, there is no work/life balance.

    Advice to Management

    You can't give advice to people that don't want it or wont listen to it.


  8. Helpful (6)

    "IFA/Family wealth Manager at deVere UK."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Family Wealth Manager in London, England (UK)
    Current Employee - Family Wealth Manager in London, England (UK)
    Doesn't Recommend
    Negative Outlook

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

    Pros

    Good to work with the other advisers, access to potentially large value clients.

    Cons

    Impossilble to earn anything over and above basic salary. Very little by way of support staff/paraplanners. None of the senior guys have a clue what is relevant to the advisers on the ground. Terribly run which is a shame as the nature of the clients is usually good.

    Advice to Management

    Actually interact with your employees. Understand how interaction with clients should look and the issues that are relevant to them!


  9. "You get out what you put in"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Approves of CEO

    I worked at deVere Group full-time

    Pros

    Massive earning potential, with Devere what you put into the job you get out regarding monies. If you are a hard worker who doesn't want capped earning this is the job for you, if you are someone who works but doesn't push yourself a salaried job will be better suited to you.

    Cons

    No salary and a pressurized target environment


  10. "Graduate Scheme Review"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Wealth Management Trainee
    Current Employee - Wealth Management Trainee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at deVere Group full-time

    Pros

    - Flights / Accommodation are paid for by the company through-out your course.
    - Great product knowledge (learnt more about finance in a week than 4 weeks at uni)
    - Choice of 71 locations when passing your course (I chose Australia OiOi)
    - Plenty of things to do on the weekends in Malta (cheap as well)
    - Qualifications are paid for first time by the company (Don't fail or you'll pay for your 2nd one)
    - Lindsay is an absolute legend, funniest manager I've ever had the pleasure of working with (From "Oily")
    - Josh & Mark are both good trainers (Products & CISI training)
    - Uncapped earnings (after seeing the stats on earners in the company, I now can truly believe there is financial freedom available in this job role)

    Cons

    - Structure of the course could have been slightly improved (in terms of time allocated to each different role learnt)
    - Long working hours but, if you're results-focused & self-driven you won't care.
    - I would of liked more training on Fx

    Advice to Management

    - Come out for a bev with us (it's our last day before we go back to the UK)


  11. "Graduate Scheme Review - Malta office"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Trainee Wealth Advisor
    Current Employee - Trainee Wealth Advisor
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at deVere Group full-time (Less than a year)

    Pros

    Fantastic training and development of new graduates covering product knowledge/CISI/Recruitment. Flexibility in choosing locations in the field. The culture in the office is brilliant, head of recruitment Lindsay McCorkindale is an absolute hero; funniest man I've had the pleasure of working alongside.

    Cons

    The structure of the grad course, as it currently stands, could be improved. It must be considered though that this is the first time they've structured it in this way, it can only improve. Needs to be more focus on field training; I could have done with more FX training as well.


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