First Investors Corporation

  www.firstinvestors.com
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First Investors Corporation Reviews

Updated Mar 10, 2014
All Employees Current Employees Only

3.0 171 reviews

75% Approve of the CEO

First Investors Corporation President & CEO Bill Lipkus

Bill Lipkus

(36 ratings)

44% of employees recommend this company to a friend

Review Highlights

Pros
  • New Training Program: It used to be straight commission, but has since changed to a base(in 17 reviews)

  • Good internship where I learned much about the Financial Services Industry(in 7 reviews)


Cons
  • No benefits because you're an independent contractor(in 17 reviews)

  • You have to sell to your friends and family which is not the best feeling(in 9 reviews)

42 Employee Reviews Back to all reviews
Relevance Date Rating
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Financial Advisor

    Anonymous Employee (Former Employee)

    ProsEmployees are great to work with, the manager of the Broadway office in NewYork is a down to earth guy.

    ConsDull working environment, plan on working weekends and around a 55 hour+ week

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Lofty promises, but you're on your own

    Anonymous Employee (Former Employee)

    ProsFlexible hours to plan your week.
    A lot of training and study material to help prepare and sell investments/insurance

    ConsLack of any sort of upper management or leadership. If you need help, very few are willing to donate their time to help a new person. The company attracts many new talents with promises of high salary but they don't tell you that the people "mentoring" you on all your initial business get a large chunk of your commission. Be prepared to sell to your friends and family first. The employee turnover rate is extremely high.

    Advice to Senior ManagementInstead of having employees who manage many other accounts try to help the new people, having someone in the office who knows the regulations and has sales experience to help new employees.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Ok

    Anonymous Employee (Current Employee)

    ProsConsistent Hours, that's about it

    ConsMicromanaging, Overbearing nosy staff members

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Start your career here, but know when to move on!

    Account Representative (Former Employee) New York, NY

    ProsGreat study material to get you educated on investments and life insurance vehicles. The licenses you earn here are transferable to other financial service companies.

    ConsManagement only looks out for themselves. They throw you to the wolves and only go to see the clients YOU bring in to the company if they know they will get a larger commission off of YOUR sale.

    Advice to Senior ManagementPay attention to the newbies. They are putting money into your pocket for a good chunk of time before they move up the ranks. Don't pick and choose which appointments you go to - know the value in every client and be aware that every appointment is important to a new rep.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    It was a good experience getting sales data, and learning to present to clients.

    Financial Services Representative (Former Employee) San Jose, CA

    ProsFun outings and lots of team building, full training provided and unlimited potential to make money

    Conslong work hours, 60+hours in the beginning, all commission, very difficult to make a good living

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Do not work here

    Financial Services Representative (Former Employee) New York, NY

    ProsThis can be a stepping stone. Get licensed and move on to real companies where they actually pay..

    ConsEverything. No pay. Making your family the first targets.

    Advice to Senior ManagementYou know you have to do something about the compensation... No wonder a lot of employees leave the company to get real jobs

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    internship

    Intern (Current Employee) New York, NY

    Proseasy to get in, hire all majors.

    Consnone paid position, and does not do much in the office

    Advice to Senior Managementthey should provide a base salary to interns

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    2 people found this helpful  

    First Investors

    Anonymous Employee (Former Employee)

    ProsThere are a lot of company events that help you to develop friendships with your coworkers.

    ConsThere are very high expectations for your performance and limited assistance from management to help you meet those goals. The hours you are expected to work are extremely long and there is little payoff in the end. Most employees end up quitting within the first six months of working there because too much is expected of them and the only advice that the management team usually gives to you is to just keep trying.

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    2 people found this helpful  

    Just a job

    Anonymous Employee (Former Employee)

    ProsVery nice co-workers and very knowledgeable immediate supervisor.

    ConsExtreme micromanaging within the IT department.

    Advice to Senior ManagementStaff is more than qualified to make day to day decisions to the benefit of the department and company in general.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    3 people found this helpful  

    Very average and uninspiring.

    Intern (Former Employee) Lexington-Fayette, KY

    ProsIt was a very relaxed environment with lots of young and usually friendly people.

    ConsThere was a lot of menial labor. Management didn't always treat employees properly. LOTS of turnover in the brief period during which I interned there.

    Advice to Senior ManagementHire robots if you just want to bring in customers. It would be cheaper.

    No, I would not recommend this company to a friend

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