Personal Feedback on Edward Jones Survey Activity
I recently accepted an offer to join EJ as an FA and will start KYC in a couple weeks. I currently work in an asset retention role at a Fidelity Investments phone center. Been following this forum for a few months and have found this forum useful. This is my first post and wish to provide some personal feedback on the hiring process at Edward Jones as a way to show some gratitude the posters out there.
In the interview process, I was asked to complete a survey activity and commit to a number of surveys. I chose 20. I have heard that others who have been hired have done anywhere from 15-30. The questions to ask are easy and not financially related. They include (word for word):
- May I ask your name?
- How long have you lived in the area?
- What brought you to this area?
- Do you frequent the businesses in the area? If so which ones?
- What are some things that you like best about the area?
- Do I have your permission to contact you if I have additional questions?
- What is the best phone number to reach you?
It took about four hours (from 10 am to 2 pm on Saturday) to get this done. I did this in a suburban neighborhood. I met all types of people: chit chatters, jerks, stay-at-home mom’s with babies screaming, the lady with 9 cats in her living room, and retirees.
For what it’s worth, I think it is a great idea to require applicants to go through the D2D survey activity. I knew the purpose of this was to see if I had the intestinal fortitude to approach a complete stranger.
This activity can be sobering. I had to knock on a lot of doors. Half the battle was finding someone that was home. I think I knocked on 9 doors before I completed my first survey. For the hour or two following my last survey, I really considered terminating my application. It was my personal “come to Jesus” moment. I thought about it further decided I would rather knock on doors than answer 30+ phone calls a day from angry clients for the next 30 years. Even though the starting salary is equivalent to working as a bagger at a local grocery chain, I feel that this is an unbelievable opportunity.
Question for EJ Reps: I think I have read in some other posts that reaching 1-2 SOLID prospects is considered a good day of door knocking. Can anyone confirm this? Can you provide some context or input around how 25 “quality contacts” translates into prospective clients or even sales results (assets/or new accounts). I am sure everyone will have different experiences.
Just out of pure curiousity, if you don't mind, why do you "feel that this is an unbelievable opportunity"? As opposed to say, starting out as an indy rep.