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      deVere Group

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      Trainee Wealth Advisor Interview

      Apr 10, 2017
      Anonymous interview candidate
      London, England
      Declined offer
      Negative experience
      Average interview

      Application

      I applied online. The process took 4 weeks. I interviewed at deVere Group (London, England) in Feb 2017

      Interview

      Easy mcquaig test then watch a pretty pointless but relatively relaxed Webinar followed by a brief pleasant phone interview (Depending on who interviewed you apparently) asking the usual questions such as why you want to work there. Then have to go to an assessment centre in London. (You get laughed at or an email very bluntly literally saying "NO" when politely asking if travel expenses will be reimbursed as you are travelling from the other side of the country) This initially set off warning bells in my mind that the company was very unprofessional. Don't get me wrong it's fine if the company doesn't reimburse travel fees even though most others do but no need to be so disgustingly arrogant and narcissistic. I went to the assessment centre and instantly my fears were confirmed. Quite frankly I don't even know where to start with this assessment day as it is actually laughable. Everyone goes to sit down where some arrogant man talks about the job, carefully dodging any questions people ask and all he talks about how there is potential to earn 60,000+ in the first year and that one person has done it. Then there was a small straightforward test while being called over for interviews. The interview started nice and was very simple. Then in a unsuccessful attempt to portray this wolf of wall street image they asked the dreaded question "Sell me something, anything, you have 10 seconds to think". Despite answering this relatively well it made me question if I was applying for a salesman cold calling job or for a wealth advisor, apparently they are the same in De veres eyes. Next there was the most laughable thing I have ever witnessed in a professional setting. I kid you not you had to stand behind a line and attempt to throw a coin at the wall amongst a group of others. Apparently this was to tell if you were competitive enough. 10,000 coin throws later (Yes we literally did this for almost an hour straight and every single person was bored and deflated after it) the other recruiter came over and started criticising us for not being enthusiastic. Something almost impossible to be when everyone else has given up and would happily never see a coin again, pretty ironic as thats what the end result is with a career at de vere: Broke. I think this was the main problem with the assessment day, there was only 2 de vere workers there. This meant the whole day was incredibly unorganised with them constantly shouting across the room asking what to do next but also meant the day which could have been completed in 2 hours took more than 4. For example the people reliving their days as a four year old throwing their coins at the wall could not move on until one of the de vere workers had completed all their interviews. When there was about 30 people there (Way too many) this was ludicrous. The next task was a group debating exercise where you were put on teams, the debating topics were chosen by the groups and were relatively lighthearted topics such as thin vs thick crust pizza. One person in my group choose marvel vs Dc or something which meant she had a ridiculous advantage because she actually knew what to debate about where no one else had a clue. This actually had no influence on whether they got the job or not because for 99% of the time no one was watching the debate because they ended up both doing interviews. I literally watched her come over for less than 10 seconds and mark the people who were talking at that moment highly and the ones who were listening very low and then proceeded to walk off. Then the final task was relatively lighthearted and at this point almost all 30 people who were at the assessment day realised what a joke both the company itself and the day had been. People began mocking de vere giving purposely comedic poor answers. Everyone was given a card with a occupation on it and had to state why they should stay on a desert island. People ended up getting jobs like the guy who puts the hole in the middle of polos and a pole dancer, professional eh? All in all the day was a complete disaster, there was too many people there, no where near enough staff and the activities were something you would witness on a playground. Looking back on it it does seem relatively apt as the job actually is something a child could do, pick up the phone cold call someone, get hung up on, do this for a few months, leave de Vere, not be able to get a new job because of de veres absolutely awful reputation within the industry. Don't be roped in by the promise of high pay, I too ignored the other reviews written here and wow do I regret it. I believe almost everyone gets through to the assessment centre and I would suggest only going if you live locally, have nothing better to do and want a good laugh. The staff member from de vere said it himself, the job for the first few months is "Hell". I think this is the only truthful thing that came out of his mouth all day.

      Interview questions [1]

      Question 1

      Why do you want to work here? Sell me something, anything
      Answer question
      18

      Other Trainee Wealth Advisor interview reviews for deVere Group

      Trainee Wealth Advisor Interview

      Sep 20, 2020
      Anonymous interview candidate
      London, England
      Declined offer
      Negative experience
      Easy interview

      Application

      I applied online. The process took 3 weeks. I interviewed at deVere Group (London, England) in Aug 2020

      Interview

      Wrote 2 letters explaining why I wanted job, was offered phone "interview" which they didn't really ask anything about me just talked about the company. I asked why they thought the company had such negative reviews etc, was told it was hard work and not everyone was suited for it which is fair enough. Then a group video with the CEO, was supposed to have time for questions but didn't happen very well. I searched and read alot of the reviews on here and decided they didn't sound very ethical or professional. The "salary" is really a joke, I wrote it down so you don't have to waste your time interviewing. So firstly, it's not a salary, it's a retainer and you have to pay it back to them if you don't make enough in commission to cover it and this begins from DAY 1. You can imagine how that may put you in a tough spot. But anyway they offer you 9000 dirhams a month but subtract money for a place to live leaving you with approximately 1000 GBP per month. If you don't make enough commission to cover the retainer your debt rolls over to the next month. They said I would need to cover 50% of my flights "so they know i'm not trying to get a free holiday" hilarious. I refused the job at the point I broke down the salary to the guy interviewing me, they seemed to talk alot without actually saying anything. It may suit you if you have nothing to lose, a spare year and some money to live off whilst in Dubai. They say the average salary of trainees is 30-40kGBP per year but if that was the case surely they would pay a few hundred for a flight to Dubai? Also they make you watch a bunch of youtube videos of the CEO where he just comments on the successes of other people. I don't see why I successful CEO would spend so much time making Youtube videos but whatever.

      Interview questions [1]

      Question 1

      Why do you want to work in finance
      1 Answer
      7

      Trainee Wealth Advisor Interview

      Feb 23, 2020
      Anonymous interview candidate
      No offer
      Positive experience
      Average interview

      Application

      I interviewed at deVere Group

      Interview

      Very clear and quick, they called me many times to be sure that I was aware of everything before continuing the process. Waiting for the next step. I did the first video call with a Recruiter and I'm actually waiting for the next one with the Hiring Manager.

      Interview questions [1]

      Question 1

      Why I'm motivated and they should recruit me ?
      Answer question
      2

      Trainee Wealth Advisor Interview

      Oct 28, 2019
      Anonymous interview candidate
      Retford, England
      No offer
      Negative experience
      Easy interview

      Application

      I applied through a recruiter. The process took 2 weeks. I interviewed at deVere Group (Retford, England) in Sep 2019

      Interview

      Approached by internal recruiter on LinkedIn. Invited to a webinar (compulsory) and then completed a Word Survey immediately after. Given some "time" to think about if you want the job then a phone call with the recruiter about the role. Another online test (MMAT) - answer 50 questions in 15 minutes. A Skype interview. Was told I would be informed on my outcome within 2 days - a month and a half later I have not received any update, even after a follow up.

      Interview questions [1]

      Question 1

      Does your CV portray the skills we need for this job?
      Answer question