Jones average pay: $65k?

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Aug 29, 2009 7:50 pm
I am interviewing with Jones and just spent two hours today doing the pretend survey. Really, it wasn't as bad as some here would have you believe.
 
One thing I read today was a WSJ article about Jones from January. Here it is if you're so inclined http://online.wsj.com/article/SB123155200027870311.html.
 
Anyway, the sentence that jumps out at me is the one that says the average Jones salesperson earns $65,000 a year.
 
Well? Is that accurate? How much are you guys making?

Thanks.
Aug 29, 2009 9:50 pm

I'd believe it.  You've got the big producers at Jones like rankstocks and wind3547 making $18k+ per month and then you've got the guys just starting like [email protected] and voltmoie making $4k per month.  $65k is probably a good average.  

Aug 29, 2009 11:07 pm

I wouldn't buy that ... not for a second. Consider that even according to the article 23% of the staff washes out in four months. So 1 in 4 recruits make ... $10K? Maybe??



If that's true, the other 75% would have to make an average of nearly $70k. Yeah ... I'm guessing the average is much closer to $50K.

Aug 29, 2009 11:34 pm

So how difficult is it to make more than $100k? How many years does it take? I came from a job (laid off and those who weren't were eating pay cuts) where I was making $55k. My goal is to do way better than that. I want to make more than $100k within the next three years. Is this reasonable as an FA in a decent-sized city (more than 300,000 people)?  Thanks for your thoughts.

Aug 29, 2009 11:56 pm

First year is in the mid $50s, then increase $20k every year after that - if you really are doing the work.   The WSJ article is full of incorrect quotes - as usual.

Aug 30, 2009 2:57 am

That number is bogus for several reasons. One its cited by a journalist, they suck period. Two, it's brought down by new people like me. I bet that if you excluded FA's under two years the average compensation would be closer to $90,000. Lastly why are you considering averages? This isn't a career for average goals or ambitions. 

Aug 30, 2009 5:54 am

Who cares about the average and the negative outlook on these posts. Fact is, you come into Jones working hard and busting ass, then those numbers are very achievable.  In fact, you could blow those numbers away.

Aug 30, 2009 7:45 am
BerkshireBull:

I'd believe it.  You've got the big producers at Jones like rankstocks and wind3547 making $18k+ per month and then you've got the guys just starting like [email protected] and voltmoie making $4k per month.  $65k is probably a good average.  



$4k a month...I wish!!! If I was bringing in that much cake, they probably wouldn't have fired me!!!

I think that $65k number came off of the "Best Places to Work" survey and it includes home office and does not include trainees.

As for barisax, the truth is once you're in the program, you'll know in the first 6 months if you are destined to be making $45k/yr or $145k/yr within the next three years.

Aug 30, 2009 10:32 am
[email protected]:
BerkshireBull:

I'd believe it.  You've got the big producers at Jones like rankstocks and wind3547 making $18k+ per month and then you've got the guys just starting like [email protected] and voltmoie making $4k per month.  $65k is probably a good average.  



$4k a month...I wish!!! If I was bringing in that much cake, they probably wouldn't have fired me!!!

I think that $65k number came off of the "Best Places to Work" survey and it includes home office and does not include trainees.

As for barisax, the truth is once you're in the program, you'll know in the first 6 months if you are destined to be making $45k/yr or $145k/yr within the next three years.

 
You should know before you start... Takes 3-4 years with a good start to build a "consistent" $100K plus practice at Jones... Now I know some that go there quicker but they couldn't sustain. Succeeding at Jones is all about number of prospects, specifically new prospects until you have $30-$40MM..
Aug 30, 2009 10:36 am
franklin21:

That number is bogus for several reasons. One its cited by a journalist, they suck period. Two, it's brought down by new people like me. I bet that if you excluded FA's under two years the average compensation would be closer to $90,000. Lastly why are you considering averages? This isn't a career for average goals or ambitions.





Most of the guys in my old region were Seg 3, grossing at most 180k. That's approximately 70k. Then there are the guys on goals - there were plenty of them.



Remember that it is average, and you have to include the people under two years. But I know four guys that are making right at about $65k, and all four of them have been out at least eight years.



There are also the people that make $300k/yr. But they are fewer.

Aug 30, 2009 11:41 am

Thanks for the good info. Would you mind defining for a newbie what "on goal" is?

Aug 30, 2009 11:53 am

you're not cutting the numbers.



So you're given "goals" - easily substantiated hard numbers that are first simply contact points, which increase. Obviously, if you are asking for enough orders you'll make the grade.

Aug 30, 2009 12:41 pm

Again, appreciated. OK. I am going out again to do the survey thing. Yesterday, 2 hours -- 40 door knocks, 13 surveys completed. How am I doing?

Aug 30, 2009 1:07 pm

Personally speaking, I'd never knock on a Sunday. But that's just my belief in God speaking.



Good luck.

Aug 30, 2009 1:23 pm

Thanks again all. My face-to-face interview is next week. I will let you know if I get a job offer (I'm sure you'll all be on the edges of your seat for that...)


 
---B.S.
Aug 30, 2009 5:47 pm
BariSax:

Thanks again all. My face-to-face interview is next week. I will let you know if I get a job offer (I'm sure you'll all be on the edges of your seat for that...)

 
---B.S.




From most people's experience on here, it seems that as long as you show up the interview the job will be yours at least for the next 4 months.

Aug 30, 2009 7:47 pm

Who cares what the average pay is?  You want to make average pay go work behind a desk.  The better question is, how much can I make a year?

Aug 30, 2009 9:00 pm

Seriously? I care about the average pay because I'm interested in data. Aren't you?

 
Aug 30, 2009 10:09 pm
BerkshireBull:
BariSax:

Thanks again all. My face-to-face interview is next week. I will let you know if I get a job offer (I'm sure you'll all be on the edges of your seat for that...)

 
---B.S.




From most people's experience on here, it seems that as long as you show up the interview the job will be yours at least for the next 4 months.



untrue. That's most insurance companies.

Aug 31, 2009 1:29 am
BariSax:

Seriously? I care about the average pay because I'm interested in data. Aren't you?

 




oh com'on, you're in control of how much or how little you make. This is a real opportunity with a real business. Its definitely not one of those MLM pyramid scams....

Screw the averages unless you think you're average