New York Life Financial Services Representative Interview Questions

Updated Jun 16, 2014
Updated Jun 16, 2014
16 Interview Reviews

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2 people found this helpful  

Financial Services Representative Interview

Anonymous Interview Candidate  in  New York, NY
Anonymous Interview Candidate in New York, NY
Application Details

I applied through a recruiter. The process took 2 days - interviewed at New York Life.

Interview Details

Selling pitch--endless growth possibility, selling insurance, commission based (solely), family & friends are your network. Call from recruiter, then one on one interview. Research company functions, products, services. Prepare to sell the products to family and friends

Interview Questions
  • How will you expand your network to reach new customer base?   View Answer
Reasons for Declining

Commissioned based salary

Declined Offer
Negative Experience
Easy Interview

Other Interview Reviews for New York Life

  1. 1 person found this helpful  

    Financial Services Representative Interview

    Anonymous Interview Candidate  in  Providence, RI
    Anonymous Interview Candidate in Providence, RI
    Application Details

    I applied through a recruiter. The process took 2 weeks - interviewed at New York Life in April 2014.

    Interview Details

    I was interviewed for the Financial Services Representative position. The process took about two weeks, but I had a phone screening interview and then a personal interview with a managing director. After taking a candidate profile test, I was going to be connected with a partner with New York Life.

    Interview Questions
    • The interviews were behavioral. They were trying to get to know me and they led me ask them questions regarding the company and the position.   Answer Question
    No Offer
    Neutral Experience
    Average Interview
  2.  

    Financial Services Representative Interview

    Anonymous Interview Candidate  in  Hartford, CT
    Anonymous Interview Candidate in Hartford, CT
    Application Details

    I applied through a recruiter. The process took 2 weeks - interviewed at New York Life in January 2013.

    Interview Details

    Basic and typical interview questions. If you've had any experience in the Financial Services or Insurance Industry, you are a shoe in. They are looking for any warm body that has a chance of selling product. Incredible turnover as there is only a very small chance of making any real money especially if you're just an Insurance Agent.

    Interview Questions
    • None. All relatively easy questions because I was in the business from prior employment. For most interviewees, the most difficult question would be related to personality traits, selling insurance product to family and friends, etc.   Answer Question
    Negotiation Details
    Easy, because there is no base salary or any other compensation except commissions.
    Accepted Offer
    Negative Experience
    Easy Interview
  3. 1 person found this helpful  

    Financial Services Representative Interview

    Anonymous Interview Candidate  in  Glendale, CA
    Anonymous Interview Candidate in Glendale, CA
    Application Details

    I applied through college or university. The process took 4 weeks - interviewed at New York Life in October 2013.

    Interview Details

    Applied through a college career website and got a phone call 3 days after applying. Got invited for an interview with a partner to their office in Glendale,CA. The process usually consists of 3-4 interviews.

    1- behavioral, just to get to know you. After it is over, you are supposed to take a "personality fit" test where they basically test your confidence and sales skills.
    2- in depths, same as the 1st one but slightly shifted towards your personality
    3- after you complete the "homework", given to you after the 2nd interview, you get invited to the 3rd interview.

    The partner who interviewed me bragged a lot about the company which made me question the values and the culture of the firm. By the way he said they rarely give full time offers to their interns:)

    Interview Questions
    • Basic questions like "tell me about yourself", "what sets you apart from other applicants", "what are your main strengths and weaknesses", "how would your friends describe you in 3 words". Easy behavioral stuff.   Answer Question
    Reasons for Declining

    Did not want to sell insurance and

    Declined Offer
    Positive Experience
    Easy Interview
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  5. 1 person found this helpful  

    Financial Services Representative Interview

    Anonymous Interview Candidate  in  Philadelphia, PA
    Anonymous Interview Candidate in Philadelphia, PA
    Application Details

    I applied through a recruiter. The process took 6 weeks - interviewed at New York Life in September 2011.

    Interview Details

    There are generally three interviews. The first is your typical job interview explaining yourself and your past work experience.

    Second interview is called a marketing meeting. It's a group interview where one of the managers goes over the company, the duties and the compensation (it's pretty much all BS, very few people write 100 policy's and make the $75k they tell you about)

    Final interview they ask you to identify 15 ppl in your "natural market" who you could approach to set an appointment with and sell insurance or annuity products.

    Interview Questions
    • How will you identify and approach your own clients   View Answer
    Negotiation Details
    None. There is no salary so your are told to start setting appointments ASAP
    Accepted Offer
    Positive Experience
    Easy Interview
  6. 1 person found this helpful  

    Financial Services Representative Interview

    Anonymous Interview Candidate
    Anonymous Interview Candidate
    Application Details

    I applied through an employee referral. The process took 2 months - interviewed at New York Life.

    Interview Details

    There is a long hiring process - you have to do tests to see if you can work independently, are self motivated, can do basis math, and are adept for a career in sales. There is also a background check and credit check. If you can't pass the background or credit check, you will not get past this part. I think about 90% of folks don't make it past the 1st interview.

    Interview Questions
    Accepted Offer
    Positive Experience
    Difficult Interview
  7. 2 people found this helpful  

    Financial Services Representative Interview

    Anonymous Interview Candidate  in  Chicago, IL
    Anonymous Interview Candidate in Chicago, IL
    Application Details

    I applied through other source. The process took 3 days - interviewed at New York Life in June 2013.

    Interview Details

    Didn't apply. They contacted me via resume online, since I'm looking for a better career. I was interview by two individuals, HR Rep, and a Partner Associate. One individual seemed as he had better things to do, We were interrupted by Agents in the hallway being to loud.

    Interview Questions
    Reasons for Declining

    100% commission. Not my first job, nor am I stupid to work for free. Also the office seemed very sad, but it was being design or construction was being done.

    Declined Offer
    Negative Experience
    Easy Interview
  8.  

    Financial Services Representative Interview

    Anonymous Interview Candidate  in  Bridgewater, MA
    Anonymous Interview Candidate in Bridgewater, MA
    Application Details

    I applied through an employee referral. The process took 1+ week - interviewed at New York Life in July 2010.

    Interview Details

    Four interview process. First interview= get to know each other. Second interview= training and marketing. Third interview= compensation. Fourth= contracting and licensing. Really matters who you interview with. Conversations about excitement and concerns.

    I called my CPA to find out if what I was hearing was true. He said, "If they offer you the job, take it. New York Life is a great company and pays very well, especially the residual income and their pension is second to none"

    One of the best decisions of my life.

    Interview Questions
    • Have you ever wanted to own your own business?   View Answer
    Negotiation Details
    No negotiation. I was told $100,000 income first year. I was not lied to.
    Accepted Offer
    Positive Experience
    Easy Interview
  9.  

    Financial Services Representative Interview

    Anonymous Interview Candidate
    Anonymous Interview Candidate
    Application Details

    I applied online. The process took 1 week - interviewed at New York Life.

    Interview Details

    Three interviews. It's not too difficult

    Interview Questions
    • How much would you like to make? You can get commission for whatever amount you want to make!   Answer Question
    Negotiation Details
    Not applicable
    Accepted Offer
  10. 1 person found this helpful  

    Financial Services Representative Interview

    Anonymous Interview Candidate  in  Orange, CA
    Anonymous Interview Candidate in Orange, CA
    Application Details

    I applied online. The process took 1 week - interviewed at New York Life in April 2013.

    Interview Details

    I applied through my school's website and was contacted the next day for an interview later in that week. I went to 2 interviews, they require 3. At the 1st interview, it was basics like bragging about the company and enticing you with big salary numbers while interviewing in the super fancy Orange County high rise office. I had to take a test after the interview which determined if I would be a good sales person; there were new hires in the same room who were cussing and complaining about the job. My 2nd interview was 2 days later and went over more personality type questions and the job offer was made contingent to my background checks. I was required to do homework before my 3rd interview to determine who my "clients" would be, aka friends and family, and how I would pitch sales to them. My backgrounds started all my previous employers were contacted. My 3rd interview was scheduled for 2 days later where I would basically sign my employment paperwork but I called and canceled it. I cannot make a living off of hustling my family and friends. This position was supposed to be for a Financial Services type position, not a sales job. NYL is kind of sleezy with their pyramid schemes.

    Interview Questions
    • Who could you sell to? How can you work them to find out personal information?   Answer Question
    Reasons for Declining

    The job required you to sell to your friends and family. They don't help you get clients.

    Declined Offer
    Negative Experience
    Easy Interview

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