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Excerpts from user reviews, not authored by Glassdoor
- "Great training and on going support." (in 88 reviews)
- "Worked with some great people (great for socializing)" (in 30 reviews)
- "Great opportunities are available to everyone and the products and infrastructure are second to none." (in 22 reviews)
- "The manager is good." (in 20 reviews)
- "Definitely a great office in Milan which is very supportive and focused on development and progression." (in 15 reviews)
- "Long hours but very managable" (in 56 reviews)
- "1. Before considering taking this job (especially if you're willing to relocate) keep in mind a simple fact that you won't have a basic salary." (in 42 reviews)
- "Bad Management and worst HR." (in 30 reviews)
- "Commission only and the company take 50% of your earnings." (in 29 reviews)
- "Long hours are expected" (in 20 reviews)
Reviews about "earning potential"Return to all Reviews
- 1.01 Jul 2011ConsultantFormer Employee
Good earning potential and opportunities to work in various locations
Terrible management, terrible treatment of staff, terrible client service8deVere Group Response9y
We are disappointed that your experience at deVere Group wasn't a success. Finding the path forward in a new business can be very demanding. deVere Group wishes you all the best with your next adventure
- 1.01 Jul 2016Anonymous EmployeeFormer Employee
Possible opportunities to transfer to other offices in other countries.
1) When the company sends unsolicited generic written emails pretending to be 'headhunting', inviting people to a webinar hosted by the CEO - Alarm bells. 2) When said CEO speaks with zero respect for the pronunciation of the English language - Alarm bells. 3) When the CEO takes less than a minute into the webinar to start making wild promises of earning potential within the role - Alarm bells. 4) When the interview in the office consists of 'You look the part, you're the right age, we're not fussed if you have any prior financial industry experience' and 'Nobody in my office has earned less than 100k in their first year' and 'I earned $XXX,XXX last year' within 3 minutes of the conversation - Alarm bells. 5) When the training to become a 'Financial Advisor' is done within less than a week at a training centre in a known tax haven (Malta) in which you must pay your own airfares to arrive and depart - Alarm bells. 6) When part of the training consists of how you plan to crawl through social media (Facebook/LinkedIn etc) to find 300 'high net worth' clients to canvass upon your arrival at your intended destination office - Alarm bells. 7) When you know you didn't pass the exam at the end as you didn't actually answer enough of the questions, but they mysteriously pass you anyway, likely because of your personality - Alarm bells. 8) When you learn that they put 12 people through training almost every week of the year yet still have only 500 'advisors' at which point you do the math and realize the staff turnover must be massive - Alarm bells. 9) When you arrive home to an email which consists of an attachment for a product (Generali Vision) they sell, and upon searching this product on the internet you find the largest string of complaints you've ever seen, almost always linked to being sold by an IFA (Independent Financial Advisory) run by boiler room style offices, at which point you learn that this is the primary savings product the company sells as it pays the highest commissions to the 'advisers' - Alarm bells. 10) When you notice that every YouTube video uploaded by the company doesn't allow comments and that the CEO has even uploaded a 'Haters will be haters' and 'It's just our competitors leaving bad reviews' video - Alarm bells. 11) When you see YouTube video's featuring scenes where the CEO is being interviewed by financial industry media outlets, all of which seem very staged - Alarm bells. 12) When expat forum members are forced to refer to the company as 'CTMNBN' (Company That Must Not Be Named) as a result of the forum being threatened with legal action for defamatory posts - Alarm bells. 13) When you mention the name of the company to expat friends in your intended city of operation and they respond with a shudder or rolling of the eyes, outlining how they are called very regularly regardless of requests to be taken off dialing lists - Alarm bells. 14) When Glassdoor.com is filled with damning reports of the number of 'Wealth Managers' who've gone back to their home country completely broke, having made no sales in months due to the poor reputation of the company in that region - Additionally, when the company's SEO and PR department use generic copy/pasted responses to every Glassdoor review - Alarm bells.50
- 4.08 Jul 2019Business Development ManagerCurrent Employee, more than 1 yearDubai
Awesome Training Academy - I went to Dubai which massively took me away from comfort zone, built the initial good habits I needed and learned an amazing amount of information in a short space of time Choice of location Retainer's whilst not huge help out in the early weeks/months. Solid £30k - £40k earning potential year 1 which considering the qualifications and training also undergoing is justified reward Great learning 1-1 no made up classroom based learning this is learning the industry first hand A training program that whilst based around a defined start and end point reflected my skills to ensure it was always ME that was progressing
Not really a Con but the role requires 100% hard work and commitment. This is not for the feint hearted as sure most other reviews attest. Unless willing to commit 100% during and indeed outside of working hours this is the wrong industry and role. A typical day is 10-12 hours in length and I am truly exhausted at the end of it but the knowledge learned in the early days and the knowledge I have now certainly all worth the effort3
- 3.05 Sept 2016Trainee Wealth AdvisorCurrent EmployeeBirkirkara
-Good training structure -Very hands on approach from CEO -Good potential for growth -Can potentially earn good money if work is put in from the beginning -opportunity for international employment.
-cut throat office environment and toxic working culture in Malta. -little to no work life balance -Seemingly arbitrary ratings of graduates, largely based on the personal views of supervising manager.
- 3.023 Mar 2016Anonymous EmployeeFormer Employee
Good learning potential, Teaches you to deal with pressure, Good product training.
Paid on retainer of 1k p/m making any commission earning potential unlikely unless the advisor is earning over 10k per month regularly.5deVere Group Response8y
Thank you for your feedback, we wish you the best of luck in your next adventure.
- 2.026 Oct 2017Anonymous EmployeeFormer Employee, less than 1 year
-potential to earn good money -Nice office locations -opportunity to travel
Advertised as a graduate scheme? Totally not a graduate scheme! basically a dignified call centre boy in a suit. Work on a retainer basis, so essentially you are not paid. The other course BDA's actually get salary when they might only have 2 qualifications to their name. Unethical company, they amount of people mis sold products is ridiculous. Cold calling 24/7 Grads are more qualified than most consultants16
- 5.022 May 2017Trainee Wealth AdvisorCurrent Employee, less than 1 yearBirkirkara
Full hands-on practical experience from the get go, supplemented by thorough classroom sessions Doesn't matter if you're not coming from a financial background: they work hard to train you for the CISI qualifications Management express desire for you to sit as many CISI qualifications as you can, excellent professional development Management, particularly Mark Reed, went to great lengths to arrange Skype sessions, Q and As and one-on-ones with other regional offices and area managers, in order to make a fully informed decision on which office would be the best fit for you The atmosphere in the office is hugely energetic, particularly during the 'power hours': Lindsay, head of globe recruitment is in a league of his own: exceptionally motivating, particularly for grads Competitive atmosphere makes you want to push yourself - and it's fun! But not for the work-shy Excellent earning potential and career progression - wholly based on merit and hard work Finally, you're working and living in Malta: it's a one of a kind experience and I haven't come across anything like this in the grad market
Structure of the grad program could use a little finesse, perhaps with a little more variety: FX for example, but I understand there are tweaks ongoing and the teams are often very busy, so this isn't really a big 'con' Do a brief IT induction to get everyone logged into the wifi from day 1: really helps with LinkedIn mobile app and managing the stream of daily emails!
- 2.010 May 2017Financial CoordinatorFormer Employee, more than 1 yearDubai
Great earning potential for wealth managers. Can be a rewarding and enjoyable job. Great experience, commands a lot of respect on your CV. Allows opportunity to live and work abroad.
Earning potential and reality are very different things! Unless you go through graduate program do not expect your visa to be completed within 6months- basically meaning you are working commission only despite the advertised £2000 a month salary. Promise of becoming a wealth manager (where earning potential is genuinely brilliant) in 2 years. Most proficient coordinators take over 4 years to reach that level. Average earning for coordinators is around £20k- way under the advertised amount. Reputation of company is very poor.5
- 2.013 Sept 2016Anonymous EmployeeCurrent Employee, less than 1 yearDubai
Fantastic earning potential and access to work in great locations
Tough job due to commission based roles as advisers and coordinators and applicants should be put the test before securing the role as too many change their whole life to attempt it and fail1