deVere Group Employee Reviews about "earning potential"

Cons

Earn a high salary in a decidedly shady manor

Cons

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.

Cons

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 effort

Cons

-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.

Cons

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 consultants

Cons

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!

Cons

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.

Cons

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 fail