deVere Group Employee Reviews about "earning potential"

Updated 14 Oct 2020

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Found 47 of over 740 reviews

4.1
80%
Recommend to a Friend
90%
Approve of CEO
deVere Group CEO Nigel Green
Nigel Green
517 Ratings
Pros
  • "Your success is directly correlated to the work you are willing to put in, so is great for people looking to excel with uncapped earning potential(in 40 reviews)

  • "It is a job that requires a lot of hard work and effort but the rewards are very tangible(in 36 reviews)

  • Cons
  • "Long hours required to truly achieve potential - some may see as a negative but I see it as a great learning curve(in 73 reviews)

  • "Hard work is necessary but it pays off(in 42 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

    Reviews about "earning potential"

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    1. 5.0
      Current Employee, more than 1 year

      Not for your average person

      14 Oct 2020 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      I have been with the company for 18 months after joining as a grad. The first 12 months of this were tough and I worked harder than I had ever done in my life for little financial reward. The management structure rewards those who are committed. I was putting in 60 hour weeks and although I was not seeing the monetary gain at that point, I was given access to the world class training I needed. 18 months later my earnings are reflecting the work I put in, and everyone knows the earning potential in this industry. The thing with the role is that most people do not stick through the tough times to get to this point and that is a shame. My best advice is to come into the company fully committed or don't come into it at all. Look at the people who have succeeded and follow their example.

      Cons

      Long hours are expected - but if this puts you off then financial advice is probably not for you. Fast paced, things change quickly in the company and you have to be on your toes.

      1 person found this review helpful
    2. 5.0
      Current Employee, more than 5 years

      Fantastic opportunities for those wanting to be directly in control of their success

      28 Aug 2020 - Senior Consultant in Milan
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Fantastic opportunity to work abroad in so many locations. A great starting point for people wanting to get into the financial service sector, the company provides masses of training and support to take exams to become qualified. Your success is directly correlated to the work you are willing to put in, so is great for people looking to excel with uncapped earning potential.

      Cons

      Not suitable for people who want a 9-5 office job, as you will achieve nothing in this role. You must be prepared to invest a considerable amount of time into yourself and the role.

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      6 people found this review helpful
    3. 5.0
      Current Employee, more than 10 years

      Big opportunity

      25 Aug 2020 - Manager in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Progression, development and ability to help clients reach retirement goals. Huge opportunities if you want to work hard and progress through the system. Clear targets and criteria to step up to the next level. The training from management is excellent. Fantastic products especially the notes and apps.

      Cons

      Hard work however the earning potential is reflective of this

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      5 people found this review helpful
    4. 5.0
      Current Employee, less than 1 year

      Fun, lively open office environment and fantastic earning potential

      26 Jul 2020 - Business Development Representative in Dubai
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Fun, lively open office environment and fantastic earning potential

      Cons

      You get out what you put in. Not really a 'con' but means its definitely not for everyone.

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      4 people found this review helpful
    5. 4.0
      Current Employee, more than 1 year

      Tough 12 months program but absolutely worth the effort!

      8 Jul 2019 - Business Development Manager in Dubai
      Recommend
      CEO Approval
      Business Outlook

      Pros

      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

      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

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      3 people found this review helpful
    6. 5.0
      Current Employee

      Excellent training, great company.

      8 Feb 2020 - Business Development Manager 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The training really does put you on a pedestal to other companies. The progression opportunities are endless. The earning potential is like no other businesses I’ve come across. Lots of great colleagues that make it there mission to help you progress.

      Cons

      You will have to devote all your time and attention to your work and your future. You must be strong willed if you’re not you will struggle to battle through the pressures of this job. It takes a lot to get off the mark!

      1 person found this review helpful
    7. 3.0
      Former Employee, more than 10 years

      Trainee Wealth Advisor/ Business Development manager

      29 Feb 2020 - Trainee Wealth Adviser in Geneva, Geneva
      Recommend
      CEO Approval
      Business Outlook

      Pros

      - As a young professional you get to learn the financial industry and is a good company to start off your career and get some professional experience. - If you stay long enough as an Advisor, there is a high earning potential and you can get quite successful but the first 2 years will be very tough financially - Really good investment products not available on the hight streets - Positive colleague environment - Inspiring CEO and Divisional Manager

      Cons

      I have been working for two and a half years at deVere as a Trainee Wealth Advisor/BDM, and they promise multiple things and don't deliver: - To become a Financial advisor in deVere they want you to pass a series of exams (CISI and RO) but expect you to fund them by yourself ( there are 8 exams in total and cost 500 £ on average each) with no internal training, so pretty much self study while trying to make some business. - The only training we get are provider demonstrating their products but mainly about cold calling and the reasons why a specific product should be interesting to the prospect. ( no in depth training on why we should pick a similar product over another, mainly just for commissions sake) - 90% of the advisors there are unqualified and don't know what they are doing except having a selling pitch and know what to sell in a specific situation. (I have seen advisors with no financial background and after 1 months training in Malta, jumps in the office and start working and calling themselves professionals, for example cherry picking funds in a savings plan because the name of the fund comes from a big bank, so pretty much wasn't looking at how the fund was performing....) - Very low salary provided in Switzerland for a Trainee/BDM at deVere, that is almost impossible to survive on( high rent and obligatory health insurance) , they provide you with 1800 CHF net p/m (Initially we used to get paid 3500 CHF p/m but the director decided to half it to "make us more hungry for money and work harder") and provide you with a 10% commission off of what your consultant makes (if you end up being paired with a bad or unqualified consultant no mater how hard you work you won't see any commissions come in, hence the huge turnover) - Commissions might take up to two to six month to hit your bank account. - High amount of Trainee/BDM turnover, after being there for two and a half years, I have seen around thirty people come and go (you are seen as disposable and they do not care about you, they tend to say that the door is not locked from the inside....) - Most of the advisors will sign up a prospect but once they see that they can't sell them anything more, they tend to send them off to client services. - Worst management you can possibly imagine in the Geneva office, very micromanaged environment, the manager appoints unofficially a consultant as his right arm and let that person act as a manager and boss people around... - deVere has a really bad reputation due to its cold calling, so it's quite hard to schedule meetings with prospects.

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      3 people found this review helpful
    8. 5.0
      Current Employee, more than 3 years

      Financial Advisor

      18 Feb 2019 - Financial Advisor in München, Bavaria, Bavaria
      Recommend
      CEO Approval
      Business Outlook

      Pros

      You get to learn the industry inside out which is invaluable. You will have huge earning potential as long as you're not expecting to be spoon fed like a lot of people do. You will learn so many aspects of marketing and sales alongside finance. It teaches you the real world of business and how to toughen up. You have access to the best investment banks and funds houses in the market.

      Cons

      It takes a long time to get results (longer than they advertise). They recruit people who are not in the right mindset to set up their own business (which is essentially what it takes). Some of the managers are there purely because they are good sellers rather than being good people managers (not so much in Europe but elsewhere).

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      5 people found this review helpful
    9. 5.0
      Current Employee, more than 1 year

      Awesome for the right people terrible for the wrong

      18 Apr 2019 - BDM 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      You’re surrounded by positive, motivated and ambitious people on a daily basis. If you’re not like that you wont last long. Everyone is on a mission to succeed which creates healthy competition. The earning potential is second to none. Training and development is second to none. Biggest and best in the market - just look at the awards Huge global presence which can see you travelling the world whilst earning well. You are pushed very hard so you can maximise your potential.

      Cons

      Its not for everyone. Not every manager is great, its a massive company but most are excellent. Due to the huge growth the wrong people have been brought on in the past who become negative and sour when they realise they don’t have what it takes.

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      3 people found this review helpful
    10. 3.0
      Former Employee, more than 3 years

      Unqualified Sales

      20 Feb 2020 - Wealth Manager 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Good earning potential, some decent products / structured notes

      Cons

      Sole focus on sales and not necessarily client outcome. Unqualified managers & generally grossly under qualified advisors which in some instances borders on dangerous.

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      1 person found this review helpful
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