I applied through other source. The process took 3 days. I interviewed at Transamerica (Lake Oswego, OR) in Feb 2017
Interview
JUST ANOTHER SCAM-LIKE tricky sales position without any base salary or benefits whatsoever.
They called me and wanted me to have an interview for a Project/Portfolio Manager position. I went there and they gave a slide show presentation of how big the company is and how much the "potential" money you can make by selling their insurance/financial advising services.
Before the interview they make you fill out this form where the questions are like "You want to own your own business?" "what is your favorite vacation spot" etc.
They dont let you ask questions until the end of the presentation and at the end, the guy takes off saying he`s in a hurry to go to another meeting to avoid the hard questions and you`re suppose to ask the questions to his assistant guy. They make you feel like you`ll be a billionaire by telling you how much they make and go to all those golf courses and expensive hotels around the globe.
Anyways, at the end you realize it`s just a insurance/financial advisor sales position WITHOUT ANY BASE SALARY. Not even minimum wage. No benefits or anything either.
I`m a Software Project Manager and they tricked me into going into this interview. After wasting my 2 hours on the slide show, I couldn`t even ask my questions and realized there is this checkbox on the bottom of the form saying "I`m interested in further interviews" or "I`m not interested".
Someone reached out to me on LinkedIn and we set up an interview with no application process. One of these commission-based, no-experience-required things. That guy and his mentor talked to me for an hour with a whole presentation, and it ended with an offer to become one of their clients if not an advisor.
Very calm, and easy. They just want to get to know you at first. It isn’t as much as an interview as it is a conversation to see if that want to take the next step
Interview questions [1]
Question 1
Tell me about your background and why you chose to apply to Transamerica
Get an insight of the business, learn about the structure, and compensation potential. It may be for some people but I’m still deciding if it’s for me. It was very reminiscent to a mlm structure so that kind of made me second guess if it was something I wanted to do but it may be for someone.
Financial Advisor applicants have rated the interview process at Transamerica with 1.6 out of 5 (where 5 is the highest level of difficulty) and assessed their interview experience as 39% positive. To compare, the company-average is 48.9% positive. This is according to Glassdoor user ratings.
Candidates applying for Financial Advisor roles take an average of 5 days to get hired, when considering 36 user submitted interviews for this role. To compare, the hiring process at Transamerica overall takes an average of 20 days.
Common stages of the interview process at Transamerica as a Financial Advisor according to 36 Glassdoor interviews include:
One on one interview: 32%
Group panel interview: 19%
Background check: 14%
Phone interview: 12%
Presentation: 10%
Skills test: 5%
Drug test: 3%
Other: 3%
Personality test: 2%
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