Edward Jones pays a guaranteed salary for the first 18 months, then you earn income from you clients. If you leave before the 18 months, are you required to pay them back a portion? What are the repercussions?
2007-08-29 07:37:00 · 3 answers · asked by jbauer14 3 in Business & Finance ➔ Investing
I don't know the company, but you need to look over your hiring paperwork. Did you sign a contract? If so, your contract should stipulate whether this is "at will" employment (meaning it can be terminated by either party at any time with or without cause) or if you are contracted to be there for a specific amount of time. If you did not sign any contracts and you didn't have a binding verbal agreement stating that the money was contingent upon you completing those 18 months, you should be able to just walk away, but don't expect a good reference!
2007-08-29 07:46:26 · answer #1 · answered by Anna E 2 · 0⤊ 0⤋
I do not think that you will have to pay it back. It is a salary guarantee. That is all. It isn't a great deal of money either, just enough to keep you from starving to death while you get on your feet.
Good luck. You will need it.
2007-08-29 15:44:47 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Edward Jones is a great opportunity.I know a couple of brokers with them (for years).
I don't know the answer to your question. I suspect you don't owe them a dime. Work hard to succeed. They're a good company that rewards effort.
2007-08-29 19:44:04 · answer #3 · answered by Common Sense 7 · 0⤊ 0⤋