New York Life

  www.newyorklife.com
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New York Life Jobs & Careers

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30+ days ago

Corporate Recruiter

New York Life Vienna, VA

New York Life, Mainstay Mutual Funds, NYLife Securities and Eagle Strategies know that building trust through integrity and honesty is what has… New York Life


30+ days ago

Customer Service Representative - New Business Processing

New York Life Bethesda, MD

• Please wait... Apply now × Apply for Job × × × Enter your email to apply Date: Nov 18, 2014 Location: Bethesda, MD, US… Glassdoor


21 days ago

Financial Associate

New York Life Insurance San Mateo, CA +2 locations

Insurance Sales & Financial Advisor New York Life Insurance Company Are you a leader? We are currently recruiting to build and grow our San… New York Life Insurance


30+ days ago

Financial Services Professional

New York Life Maitland, FL +6 locations

We are seeking talented, dedicated, and highly-motivated people, including those who come from non- business and non- finance sectors, to join… New York Life


9 days ago

Financial Adviser / Registered Representative / Agent

New York Life Boston, MA +2 locations

Financial Advisers help clients identify and achieve their financial goals. We offer a comprehensive array of financial products and services to help… New York Life


30+ days ago

Bilingual Insurance & Financial Sales Advisor Spanish & Portuguese

New York Life Insurance Company Springfield, MO

Bilingual Insurance Sales/Financial Advisor Portuguese or Spanish Speaking New York Life - Springfield, MO New York Life is seeking Bilingual… New York Life Insurance Company


30+ days ago

Bilingual Insurance Sales/Advisor Portuguese or Spanish Speaking

New York Life Insurance Company Wichita, KS +2 locations

Bilingual Insurance Sales/Financial Advisor Portuguese or Spanish Speaking New York Life - Wichita, Kansas New York Life is seeking Bilingual… New York Life Insurance Company


15 days ago

Bilingual Insurance Sales - Spanish - Entry Level

New York Life Insurance Co. Grand Rapids, MI

Facts: New York Life is among the strongest and most respected financial companies in America today. As of June 4, 2014, New York Life has earned the… New York Life Insurance Co.


15 days ago

Sales Professional - Life Insurance - Entry Level

New York Life Insurance Co. Grand Rapids, MI

Facts: New York Life is among the strongest and most respected financial companies in America today. As of June 4, 2014, New York Life has earned the… New York Life Insurance Co.


23 days ago

Financial Advisor - Registered Representative - Agent

New York Life Waltham, MA +4 locations

Financial Advisors help clients identify and achieve their financial goals. We offer a comprehensive array of financial products and services to help… New York Life


New York Life Reviews

800 Reviews
3.3
800 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
New York Life Chairman, President & CEO Ted Mathas
Ted Mathas
457 Ratings
  1. 2 people found this helpful  

    Was great, before Ted became CEO

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

    I have been working at New York Life full-time (more than 10 years)

    Pros

    OK, this really depends on where you work and what you do. Agents will have an entirely different, and better, experience than employees.

    Pros... most of the pros are gone. I've been with the company for nearly 14 years and in that time they've gutted most of the benefits, pension, health insurance, and stability. If I had to pick a pro... If you're an agent and sell well -- or if you're from a legacy family that sold well -- you're a god at NYL. We do get seven half-day Fridays in the summer, but when you're working 60+ hours a week and pressured not to take them, it's just not the benefit it used to be.

    I would say my pay is good, but I don't live in NYC so I can't say how they pay compared to other NYC companies. Decent bonus every year.

    Cons

    OK, Cons. When I started here in 2000 this was the best company I'd ever worked for. Today, not so much.

    We've been in the middle of layoffs for the past three years and they're telling us they're laying off more than ever before starting Jan, 2015 through about 2018-2020 as they revamp their technology department. Boy, does it need revamping, but six to eight years of working under the threat of layoffs takes its toll.

    Pension was cut two years ago. Health insurance was cut last year. Work-at-home was in wide use but then taken away from most who were not VPs -- and even many lower level VPs lost it. I kind of agreed with this, but I saw managers abuse this more than employees.

    What was a standard 37.5 hour work week (7.5 hours a day) is now more like a 60 hour work work since about 2009 and it looks like they plan to continue to demand such hours for a long time. This company used to have a good life/work balance mindset but that changed along with the changing of the CEO. This likely depends on the department you're in and the job you do.

    We finally moved from Windows XP to Windows 7 THIS YEAR. That tells you how little NYL valued staying up with technology. As someone else mentioned, we still develop using VB6 (Visual Basic 6) and use other versions of software we were using when I came on board about 14 years ago.

    Raises tend to be 1-2%, but NYL has been that way since I started.

    Ill conceived multi-million dollar projects are started and scrapped after a couple of years because of poor planning and execution. Sometimes more than once for the same goal. It's a good thing we have several billions of dollars to burn.

    Management likes to tell us that we have the power of "distributed leadership" and that we should speak up, but NYL has never had that culture and no matter how often they say it, it doesn't make it true. Things change very slowly here (and I've worked for other companies this size) and the speech rarely reflects reality.

    Advice to ManagementAdvice

    I don't know... Bring back Sy, the old CEO? He took us to the number one position in Life Insurance without all these negative changes. Ted may be able to keep us at number one, but I think the changes will catch up with us. I'll be surprised if we're not down to number three in the next five years.

    PROVIDE A STABLE WORK ENVIRONMENT!

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

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