New York Life Financial Advisor Interview Questions

Updated Mar 26, 2015
Updated Mar 26, 2015
48 Interview Reviews

Interview Experience

Interview Experience

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Getting an Interview

Getting an Interview

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Financial Advisor Interview

Declined Offer
Positive Experience
Average Interview
Declined Offer
Positive Experience
Average Interview

Application

I applied through an employee referral. The process took 2 weeksinterviewed at New York Life (Los Angeles, CA) in July 2014.

Interview

Was referred to the company by a friend then was called by a NYL rep. Spoke to him on the phone for about 20 minutes then he asked me to come in for a meeting. We then had a 1-1 meeting. Went over bits of training and financial incentives. Seemed pretty clear cut. Incentives were great and straightforward.

Interview Questions

Reasons for Declining

Not right fit.

Other Interview Reviews for New York Life

  1.  

    Financial Advisor Interview

    Declined Offer
    Neutral Experience
    Easy Interview
    Declined Offer
    Neutral Experience
    Easy Interview

    Application

    interviewed at New York Life (New York, NY) in June 2014.

    Interview

    I received response two days after on-line application. It is a good company but the position is not what I want. I am looking for finance job but the position is about sales and the salary is entirely based on your sales performance. They asked simple questions about personality and career plan. Don`t be nervous about the interview. The manager is very nice.

    Interview Questions

  2.  

    Financial Advisor Interview

    Declined Offer
    Neutral Experience
    Easy Interview
    Declined Offer
    Neutral Experience
    Easy Interview

    Application

    I applied through an employee referral. The process took 2 daysinterviewed at New York Life (New York, NY) in May 2014.

    Interview

    Interviewed by a team manager who basically spent about 45 minutes selling me the job. He showed me his bank account and how much he made and spoke at length about how easy the job was and how easy it was to sell people the products offered by New York Life because "they basically sell themselves", all in an effort to impress me into taking the job. In other words, it was the definition of a sales pitch for a sales job.

    The Good: Extensive 2 week training course and sponsorship of all necessary licenses. "High earning potential" and clear metrics for advancement (you make X amount in commission in year Y and you get to move up to position Z)

    The Bad: Purely commission based position i.e. no base salary. Company provides no leads.

    Interview Questions

    Reasons for Declining

    I only declined because I had no sales experience and was uncomfortable with the idea of not having a base salary. Overall the position itself seemed like a good deal if you can stomach the aforementioned and/or if you already have sales experience.

  3. Helpful (3)  

    Financial Advisor Interview

    Declined Offer
    Positive Experience
    Easy Interview
    Declined Offer
    Positive Experience
    Easy Interview

    Application

    interviewed at New York Life (Waltham, MA) in April 2014.

    Interview

    Quick response, easy to schedule, long interview process on the day of including tour of the site, training rooms, offices, meeting facilities etc. It seems the interviewer does more to sell you on the job than you have to sell your own skill set at times.

    Interview Questions

    • compare and contrast this company with Metlife, AIG and others in the same field   Answer Question
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  5. Helpful (1)  

    Financial Advisor Interview

    Accepted Offer
    Positive Experience
    Easy Interview
    Accepted Offer
    Positive Experience
    Easy Interview

    Application

    I applied online. The process took 3 weeksinterviewed at New York Life (Knoxville, TN) in January 2014.

    Interview

    Phone interview w/ HR specialist, general questions regarding contact info, employment/educational history, career goals.
    Face-to-face interview w/ HR specialist, provide company and position information, overview job responsibilities, required licenses and how to obtain them, advise on issues regarding background/credit check, in-depth questions about prior work experience and allowed to take skills assessment.
    Interview w/ Managing Partner, demonstration of compensation structure, told to generate 200 contact info (name, address, phone/email, occupation) in order to proceed w/ training after initial licensing exam, informed of 36-month training program and how it is catered to the skills I desire to obtain.
    OFFERED JOB :)

    Interview Questions

    Negotiation

    None. I understood work and compensation were entirely up to me and my performance.

  6. Helpful (2)  

    Financial Advisor Interview

    No Offer
    Negative Experience
    Difficult Interview
    No Offer
    Negative Experience
    Difficult Interview

    Application

    I applied through college or university. The process took a weekinterviewed at New York Life (New York, NY) in November 2013.

    Interview

    Applied through college career center, got a call back within 1 week to set up an interview. I find out on arrival that it is a group interview and am kept waiting 45 mins. Guy struts in with slicked back hair and shirt half unbottoned. Real boiler room type guy. He was rude and short with everyone. Dismissed me not long after, thank god.

    Interview Questions

    • If you read the top section about the hiring and interview process then this will make sense: why do you want to work here was the most difficult questions (and the same time the easiest questions). I didnt want to work there but was too embarrassed to say so, so I fumbled through it talking about starting a career and making money to provide for my family.   Answer Question
  7. Helpful (2)  

    Financial Advisor Interview

    Declined Offer
    Negative Experience
    Declined Offer
    Negative Experience

    Application

    I applied through other source – interviewed at New York Life (San Antonio, TX).

    Interview

    I received a call from a gentleman who was wary to tell me too many details over the phone, he just wanted me to take my time to meet with them to see if I'd be "selected" to fill out an application. It was very shady since he was just trying to evade providing details but wanted me to think I was "selected" for a possible application. He mentioned some license that was required and later stated that I'd have to pay for it and I'd be "refunded". I decided to not go for the "interview" and he was a bit rude saying "Its ok, I guess you don't really get it". Well I did get it, but I am not interested in this line of work. Maybe next time instead of ending the conversation on a rude note, it would be great if your cold caller can understand that a person is not interested in that line of work to begin with.

    Interview Questions

    • Apparently the difficulty was in it for the caller when I asked what the position was about and the licenses required for the position. He was hesitant to provide details, after all, he was calling me then stating that I'd have to go in for the "interview" to THEN apply for the job IF I was selected.   Answer Question

    Reasons for Declining

    I posted my resume online but my credentials have nothing to do with their position available and also it is not a career I would enjoy for myself.

  8. Helpful (2)  

    Financial Advisor Interview

    Declined Offer
    Neutral Experience
    Easy Interview
    Declined Offer
    Neutral Experience
    Easy Interview

    Application

    I applied in-person. The process took 4+ weeksinterviewed at New York Life (Waltham, MA) in July 2013.

    Interview

    Super long interview process. I had 4 meetings over a month before an offer was made. There weren't really any difficult questions - all pretty standard. I wasn't nervous or surprised by anything. My interviewer was a super nice guy that I really liked and would have been a strong factor if I had chosen to work there.

    Reasons for Declining

    The compensation is all incentive based. There was a lot of earning potential but you don't have a single dollar before you make NYL money. It wasn't right for me but may be a good opportunity for someone else.

  9.  

    Financial Advisor Interview

    Declined Offer
    Neutral Experience
    Easy Interview
    Declined Offer
    Neutral Experience
    Easy Interview

    Application

    I applied through a recruiter. The process took 4 weeksinterviewed at New York Life (Edison, NJ) in June 2013.

    Interview

    I was contacted after meeting a recruiter at a job fair and called in for an interview within days. The first interview was not so much an interview as a briefing on what the company is about. The hiring manager talked as if I was already a certain hire. He went over what the position entailed, compensation and handed me some forms to fill out for the second interview. The entire process didn't take longer than 30 minutes.
    The second interview was the basic personal questions about weaknesses, strengths, teamwork etc.

    Interview Questions

    • There were no difficult questions. It was standard interview fare that you could google up in preparation for an interview.   Answer Question

    Reasons for Declining

    I accepted a better offer in a different field.

  10.  

    Financial Advisor Interview

    Declined Offer
    Average Interview
    Declined Offer
    Average Interview

    Application

    I applied online. The process took 4+ weeksinterviewed at New York Life in May 2013.

    Interview

    First "interview" is really just meeting the recruiter and time to ask questions you have. Then you are set up with "info sessions," one at a time, (there are 3) before the real interview with the person making hiring decisions. Really makes you think about whether or not you want to be selling for them. They are seemingly transparent about all of their work and success so it seems like a good gig, if thats the industry you want to be in.

    Interview Questions

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