deVere Group reviews

3.6

76% would recommend to a friend

(983 total reviews)
avatar

Nigel Green

85% approve of CEO

81% positive business outlook

deVere Group has an employee rating of 3.6 out of 5 stars, based on 983 company reviews on Glassdoor which indicates that most employees have a good working experience there. The deVere Group employee rating is in line with the average (within 1 standard deviation) for employers within the Finanza industry (3.7 stars).

Reviews by job title

983 reviews
1.0
Jul 12, 2022
Recommend
CEO approval
Business Outlook

Pros

The rest of the graduates I met. We became very close due to uncovering how much of a scam deVere was.

Cons

ALL OF IT!! Every day that went through we uncovered new lies that we were not made aware of or even worse they told us the opposite during the interview. DONT FALL FOR THEIR LIES. The job is a Call Center Cold Calling job. No wealth management, just a bad sales job. If you have a degree, TRUST ME you can do way better!!! Nothing is paid for, you will have to pay for everything. No relocation package AT ALL. Their company card "Does not work" HUGE RED FLAG. It is such a pyramid scheme,the first stage is being a recruitment analyst. You are told to hire WINDOW SALESMAN and/or CAR SALESMAN to become financial advisors!!!!!!!! IMAGINE a window salesman with no experience dealing with your money!!!!! Every employee is on 100% commission, so they do not care who they hire as long as they hire in order to get paid!!! they are basically "Self Employed" to pay less taxes. I cannot stress enough how much a scam this is. We started being 12 grads on the scheme and now only 4 stayed after merely 1 month!!! I am so happy I am out of that place! Felt really bad selling a scam to clients.

1.0
Apr 24, 2020
Recommend
CEO approval
Business Outlook

Pros

- Going to Malta for 3 weeks training (although you are expected to pay for your own flights) - Meeting like-minded individuals in the same position as you - Being able to work in a different country after the training - Financial knowledge I learnt has proved useful The lucky 0.00001% may end up being successful. It is inspiring to see successful cases - but the majority don't make it.

Cons

- The senior staff in Malta do treat individuals like children. I've seen people get screamed at - On the phone for long periods during the day. - Cold calling unsuspecting individuals - Spending your life on LinkedIn trying to "source" people to call - Being an investigator/stalker - seeing where individuals work, checking out their history to see if they could be rich or of "high net worth", gathering phone numbers of their companies - calling their companies and asking to receptionists to speak to them. - Be ready to use your savings to keep yourself afloat. The base salary they offer is not great. (In the country I worked in, bar/restaurant staff would earn more than me) - Towards the end of my employment, I had successfully helped the Financial Advisor/Regional manager make some deals and secure business - I was told that I would see the results in my pay packet..... This never appeared. - The amount of calls you are expected to make daily is ridiculous. You will get bored. I dialled fake numbers in the end.

1.0
Jan 16, 2018

Financial Coordinator

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Malta training - you're pushed hard in the training period, long days with an early start. If you take the training seriously it can open your eyes to how much more can be achieved in a productive day. If you want a fast introduction to aggressive B2C sales, you will certainly get it here. CEO is savvy and has created more opportunities for employees to make revenue.

Cons

There will be no training provided once you are on location. 95% of the consultants across all locations are under-qualified and subsequently giving shady advice often on customers life savings. Double standards between coordinators and consultants - consultant job significantly easier than coordinator, yet the commission is much higher. Consultants rely on coordinators to create business but offer little in the way of support. Sexist and Chauvinistic working environment. On location retainer/salaries are extremely low and promises on pay e.g. half of your accommodation paid for, are held over your head like an incentive, they aren't guaranteed. The company requests Malta graduates write glassdoor reviews on site creating a false sense of security to potential employees. This is a telesales job - 100+ calls a day, don't be conned into thinking you will be a finance professional within 18 months. The financial knowledge around the offices is fairly abysmal outside of a handful of senior figures who are based in Malta. A pyramid scheme.

Viewing 49 - 51 of 983 Reviews

Glassdoor has 1,078 deVere Group reviews submitted anonymously by deVere Group employees. Read employee reviews and ratings on Glassdoor to decide if deVere Group is right for you.