One of the most common questions people ask Edward Jones candidates is, “How much will I make?” While a first-year associate at Edward Jones doesn’t make as much as their counterparts at other firms, the career advancement opportunities within our firm are unmatched.
We understand that joining Edward Jones will be a big transition for you, and we want to help you make informed decisions about pursuing a career in financial services.
At Edward Jones, our focus is on building a rewarding long-term career, not just creating a path to financial success. We care about the growth of our employees and how they fit into the organization’s culture.
Starting salary at Edward Jones is $45,000 per year.
Starting Salary At Edward Jones Overview
The first step in determining how much you’ll be paid as a trainee at Edward Jones is to calculate your salary at level 9, which is the entry-level position.
As of October 2018, the average starting salary for level 9 branch office administrators was $52,000 per year. This number can vary depending on the company and location, but it’s a good benchmark to use when determining your own earning potential.
Once you’ve landed a job as an Edward Jones trainee, you’ll move into an office in one of their branch locations. As an employee at this level, you’ll work under the supervision of more experienced employees and learn about the various aspects of running a business from them—including customer service, sales techniques, and administrative workflows.
Over time, once you’ve gained proficiency in all these areas and proven yourself capable of handling more responsibility (as well as increased responsibility), your manager may decide to promote you up to level 7 or 6—depending on how quickly she feels comfortable moving you along.
Edward Jones Overview
Edward Jones Ltd is UK subsidiary of the company that dedicates to serving the needs of individual investors. The company leads in the financial-services industry, but we take a personal approach to business, an approach that starts with a face-to-face meeting between a financial advisor and client. Edward Jones opened its first office in the U.K. in 1997. The company said it now has more than 300 offices there, with about 1,000 total U.K. staff and 50,000 clients. As of November 12, 2009, Edward Jones Ltd. operates as a subsidiary of Towry Law. The staff at Edward Jones come from unusually diverse demographic backgrounds. The company is 50.3% female and 33.8% ethnic minorities. Despite its diversity in other areas, Edward Jones employees are noticeably lacking in political diversity. It has an unusually high proportion of employees who are members of the Republican Party, at 72.0%. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Republican Party. Edward Jones has great employee retention with staff members usually staying with the company for 4.0 years. The average employee at Edward Jones makes $70,074 per year. Pay at Edward Jones is significantly lower than some of its highest paying competitors, like Morgan Stanley, CME Group, and Stifel Financial, which pay $117,587, $101,270, and $85,732, respectively.
How Much Does Edward Jones Pay?
Edward Jones pays $70,074 on average per year, or $33.69 an hour in the United States. Edward Jones pays those in the bottom 10 percent $44,000 a year, and the top 10 percent over $110,000. The department you work in can have an impact on your salary as well. For employees in the engineering department, the average yearly salary is $99,931, and employees in the it department earn an average yearly salary of $88,037. In terms of geography, Edward Jones pays the most to people working in Springfield, IL, Phoenix, AZ, and Saint Louis, MO.
Edward Jones Pay By Location?
It’s no secret that workers earn different salaries in different parts of the country, since the cost of living can be much higher in certain areas. Looking at our data, we can see that employees at Edward Jones earn more in some areas than others. Our data shows that Edward Jones employees in Springfield, IL get paid the most, where the average yearly pay is $71,801. This can be compared to Phoenix, AZ, where Edward Jones employees earn an average salary of $68,899.
Salaries By Location At Edward Jones
Rank | Location | Average Edward Jones Salary | Hourly Rate |
---|---|---|---|
1 | Springfield, IL | $71,801 | $34.52 |
2 | Phoenix, AZ | $68,899 | $33.12 |
3 | Saint Louis, MO | $62,670 | $30.13 |
4 | Noma, FL | $58,508 | $28.13 |