First Investors Corporation
2.9 of 5 148 reviews
www.firstinvestors.com New York, NY 500 to 999 Employees

First Investors Corporation Reviews

Updated Apr 9, 2014
All Employees Current Employees Only

2.9 148 reviews

                             

59% Approve of the CEO

First Investors Corporation President & CEO Bill Lipkus

Bill Lipkus

(17 ratings)

36% of employees recommend this company to a friend
21 Employee Reviews Back to all reviews
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Informative look into the basic financial advising career.

Financial Services Representative (Former Employee)
Beaverton, OR

I worked at First Investors Corporation as an intern for less than a year

ProsThe employees and managers in the officer were fantastic people and really made the summer intern position enjoyable. Many activities both inside the office and outside that provided opportunity to bond with the people and still learn about the different aspects of finding, meeting, and advising clients. Weekly case studies and lessons helped to get an inside look into how the advisers would approach a client's financial situation.

ConsThe internship was very hands off for the interns. There was little that we interns could actually do besides just sit and listen. We were set up with a mentor in the office that was already a successful adviser with the company, but our mentor did very little to interact with us unless we went to him and pushed the issue.

Advice to Senior ManagementHold the mentors accountable for enriching the intern experience with the company. Create a program where the interns feel like they are actually learning about the financial tools and where they feel like they are being more involved so that they can get a better understanding of what they are getting into. Paint a picture for the interns that also covers the negative side of the financial adviser position. Some of the other interns distanced themselves because only the positive sides were told, and seemed too good to be true. Make it seem real.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Work hard or get out of the way

Registered Representative (Former Employee)
Phoenix, AZ

I worked at First Investors Corporation as a contractor for more than a year

ProsThe pros of this job are that you can be as ambitious as you want and work your butt off and most likely see great success. There are some minor rewards for hard work such as an annual company trip if you qualify, some expenses are paid.

Consif you have a good mentor there aren't many cons. If you're mentor isn't into it or quits the company while you are studying for the exams or just get going, that's going to be tough.

Advice to Senior ManagementNone, I think management is doing a good job.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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It's all about the people and the support!

Anonymous Employee (Current Employee)

I have been working at First Investors Corporation full-time for more than 10 years

ProsWhether I am working with potential candidates, new hires, our Management team, or my colleagues, my work environment, in large due to people, makes First Investors such a great place to work! I have worked for First Investors for 10+ years now, and I am proud to say I have established my career here. The support I receive from my superiors, colleagues and company as a whole, are critical aspects in my job performance and overall happiness. It is in turn, the relationships formed with these individuals, that has led me to trust and value the company has a whole. It really is all about the people and support!

ConsA bit slow with the up and coming technology.

Advice to Senior ManagementKeep doing what you're doing!!

Yes, I would recommend this company to a friend

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1 person found this helpful  

It's been an ok journey so far.

Financial Services Representative (Current Employee)
Phoenix, AZ

I have been working at First Investors Corporation full-time for more than 3 years

ProsDecent environment to work in.
Get to meet several new people out there that need financial questions and concerns answered.

ConsLack of support once testing for licenses is done.
May need a deep pocket to get the ball rolling at first.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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4 people found this helpful  

Like life, opportunity is what you make it.

Anonymous Employee (Current Employee)

I have been working at First Investors Corporation

ProsUnlimited income potential, flexibility, support, base salary, wonderful incentive programs

ConsDifficult in early stages as is building any business, too easy to give up in first two years

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Internship, Dull Work

Anonymous Employee (Current Employee)
Woodbridge, NJ

I have been working at First Investors Corporation as an intern for less than a year

ProsGood management, good people. Can possibly make your resume look good.

ConsWork was generally dull. Did it for credit and to put something on your resume

Advice to Senior ManagementNothing to offer.

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Summer Financial Intern

Financial Services Representative (Former Employee)
Buffalo, NY

I worked at First Investors Corporation as an intern for less than a year

ProsGuide you through every step
you get to work on real cases and provide recommendation
you also have the opportunity to go on client appointments with your mentor

Consnone to give , was good

Advice to Senior Managementnone

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Learned a lot and had a great time doing it.

Apprentice (Current Employee)
Beaverton, OR

I have been working at First Investors Corporation as an intern for less than a year

ProsThe company culture is great. Managers are willing to have fun with employees. The saying "work hard, play hard" is perfect for FIC.

ConsAs an apprentice, we didn't get paid, so we had to find other jobs that were willing to work around our minimal schedule.

Advice to Senior ManagementIf you want your employees to take you seriously, you need to act like a professional at all times.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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It Takes a Certain Kind of Person to be Successful

Financial Services Representative (Current Employee)
Detroit, MI

I have been working at First Investors Corporation full-time for less than a year

ProsHands on management
Healthy yet very supportive competition
Can pay very well
Learn something new everyday
Gain a lot of experience in a short period of time
Meet new clients everyday
Very straight forward promotion schedule

ConsNeed to solicit new business though they do give house accounts
You need to put in a lot of time to be successful
You have to be extremely self-motivated and determined
You have to want to be there and work hard everyday
Very sink or swim but management will help in anyway possible if you ask (more of a pro)
The first year is the hardest
Unpaid training
Takes a while to start making money

Advice to Senior ManagementBring more structure and depth to training

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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2 people found this helpful  

It was ok

Intern (Former Employee)
New York, NY

I worked at First Investors Corporation

ProsGetting experience as to whether the financial services industry is the right industry for me.

ConsThe internship is only for college credit. I paid a hefty penny to go to/from the office every other day.

Advice to Senior ManagementInstead of awarding college credit, pay the college students a small stipend to offset the costs to go to/from the office. It gets expensive and students do not have the money to go back and forth all of the time.

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First Investors Corporation – Why Work for Us?

First Investors has been serving the financial needs of people from all walks of life since the Company was founded in 1930. Using a face-to-face approach to investments and life insurance, our team of registered… Full Overview

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Glassdoor is your free inside look at First Investors Corporation reviews and ratings — including employee satisfaction and approval rating for First Investors Corporation CEO Bill Lipkus. All 21 reviews posted anonymously by First Investors Corporation employees.