AXA Advisors

www.axa-equitable.com/axa/careers/axa-advisors.html
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AXA Advisors Reviews

Updated August 13, 2015
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3.0
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AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
9 Ratings

Pros
  • You can definitely make a lot of money, if you choose to focus on the life insurance side of the business (which they heavily encourage/promote) (in 8 reviews)

  • Creating your own work schedule/ Flexible Hours (This is not a 8-5 job) (in 14 reviews)

Cons
  • No base salary, heavy sales focus, no formal training (in 8 reviews)

  • Hard industry to break into, a lot of time will be devoted to establishing your Book of Business (in 6 reviews)

More Pros and Cons

55 Employee Reviews

Sort: Popular Rating Date
  1. Hard work pays off

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    high commission rates for the most part. Have the ability to work from home (some days)

    Cons

    you get in what you put out no salary young managment


  2. Helpful (1)

    Financial Representative (RBG)

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Representative in Houston, TX
    Current Employee - Financial Representative in Houston, TX
    Doesn't Recommend
    Negative Outlook

    I have been working at AXA Advisors full-time (More than 3 years)

    Pros

    Good sales and product training. I had an excellent manager who cared about my success. I was part of the Retirement Benefits Group that targets teachers and being part of that group it was easy to get leads, because my business partner and I had access to the schools where we can do a staff talk or set up in the teachers lounge. We also got leads at the beginning of the school at new teacher orientations. Very little cold calling on my end because my manager had a good relationship with the school districts I was working at. Good way for anyone to start the business and build their book. 403(b) cases are very easy to close because teachers need it anyways. AXA is a good place to start your financial planning career especially if you are fresh out of college and do not have any high net worth people in your natural market.

    Cons

    Unlike other companies, AXA does not provide you with marketing materials or pay for your seminars. They also make you buy the companies laptop and get your own printer. It gets very expensive, because you do alot of driving if you are in the RBG market. Also, after 3 years if you are in your "pop" contract, you will have to start paying for your cube...yes your cube...and mine costs a little over $700 a month. Alot of other companies will not make you pay for your cube and if they do its only $50/month. You also cannot get an outside job...not even selling Mary Kay. I left AXA because I feel like even though they had good training and connections with the school district, they were not generous with their employees compare to other insurance companies. AXA also does not paid as much as some other companies.

    Advice to Management

    Push and teach your reps to sell more than 403(b)s early on. If not they will find themselves working very hard for very little.


  3. Helpful (1)

    You need to know a lot of people to make good money

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Dallas, TX
    Current Employee - Financial Advisor in Dallas, TX
    Doesn't Recommend

    I have been working at AXA Advisors full-time (More than a year)

    Pros

    This is not a Job, you are are business owner. with all the pros and Cons that will come with that. This is a very challenging Job. It helps if you have a strong natural market, i didn't really know anyone so it was very challenging. I've been here for about a year and I work a lot to stay working here. I averaged around 60 hours per week. The pay is good if you can get a lot of clients 30% bonus on top of your PCS. My gross my first year was about 37k minus expenses that more like 31k. be ready to have at least a year of savings before you start, usually it wont pay anything significant in 6 months.

    Cons

    my expenses were high since once you contract you pay 85 for the tech package, all your marketing, E/O insurance (250) gas and remaining expenses i averaged about 560 per month. Once you become more established you pay for more stuff, like share the staff salaries, cube space and other things. That will depend on the development of each advisor.


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  5. Kill yourself enough for a few years and it will pay off

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Former Intern in New York, NY
    Current Intern - Former Intern in New York, NY

    I have been working at AXA Advisors as an intern (Less than a year)

    Pros

    A LOT of learning in terms of sales and handling people and their concerns, but only if you're lucky enough to be hired as an intern for the right advisor.

    Cons

    Not the most social setting. Very every-man-for-himself kind of environment.


  6. AXA Advisors

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    great training, potential to help alot of clients if you win their trust

    Cons

    not the right environment if you are adverse to cold-calling, frat house

    Advice to Management

    lead support


  7. Financial Professional

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Anonymous Contractor in Troy, MI
    Current Contractor - Anonymous Contractor in Troy, MI
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at AXA Advisors as a contractor (More than 3 years)

    Pros

    Great training for those entering the financial service industry.

    Cons

    Lack of true office support.

    Advice to Management

    Provide true office support for it's financial professionals.


  8. There are a lot of great people that work here that want you to succeed.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Overland Park, KS
    Current Employee - Financial Advisor in Overland Park, KS
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at AXA Advisors full-time (Less than a year)

    Pros

    It is very laid back environment. If you need to take care of a personal issue than you are able to take care of it.

    Cons

    Very unorganized and there is no concise plan for a new hire to succeed.

    Advice to Management

    Have a more clear plan for your new hire to succeed.


  9. All depends on what branch and manager you have

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Consultant
    Current Employee - Financial Consultant
    Recommends
    Positive Outlook

    I have been working at AXA Advisors full-time

    Pros

    If you have a manager that is devoted to your success and building a team as well as a branch with a culture that breeds success, all you need is to be willing to work hard (12 hour days during week, come in on some weekends). Pays off in long run if you are so inclined to work hard. Provides superb opportunities for advancement if you are willing to work for it Above average compensation package

    Cons

    You're likely not going to make much money in your first 6 months unless you have a strong natural market (friends and family) so you need a support system or money to fall back on until your practice gets up and running. Be ready to suffer for 1-4 years before you have a self-sustaining practice. Management gears towards selling proprietary products although you are not required to

    Advice to Management

    Stronger vetting process during hiring, I see plenty of people that last less than 3 months because the job wasn't what they thought it was or they weren't qualified.


  10. Decent internship. Unpaid. Not full-time.

    Current Intern - Anonymous Intern
    Current Intern - Anonymous Intern

    I have been working at AXA Advisors as an intern (Less than a year)

    Pros

    Easy program. Perfect for sophomore or freshman in college learning to get experience.

    Cons

    Bad management. Program needs a lot more structure.

    Advice to Management

    Create more structured program


  11. Opportunity to learn about investment products and the profession in general

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Intern in Los Angeles, CA
    Current Employee - Intern in Los Angeles, CA
    Recommends
    Neutral Outlook

    I have been working at AXA Advisors part-time (Less than a year)

    Pros

    I heard other branches just give busy work for interns to do but my supervisor actually spent time teaching about the industry and investment products. Good place to start your internship experience

    Cons

    Unpaid internship. Not very organized. Busy work did not teach much. Schedule changes are frequent

    Advice to Management

    Pay interns when they're doing your work



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