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New York Life Photos
Doesn't RecommendNeutral OutlookApproves of CEO
- Work/Life Balance
- Culture & Values
- Career Opportunities
- Comp & Benefits
- Senior Management
I worked at New York Life full-time (More than 5 years)
- Somewhat flexible work schedule
- They tell you that you can run your own business but they expect you to attend numerous meetings per week that aren't relevant after the first few. The company sells this position as being able to own and run your own business but in reality that isn't true. They micromanage everything. - Very low commission compared to other financial companies. If you want to work in finance then I would get on with an independent agent because you can make much higher commissions and have much more flexibility in what you sell. If you're wanting the b2b experience then I wold look for more straight-line b2b positions like ADT, etc. - They charge you for everything including a cubicle, using the printer, internet and phone. Normally this wouldn't be bad but because they pay such low commissions it can be more noticeable. If you are going to have to pay for everything anyways why wouldn't you be an independent agent and make more commissions? - Sales training isn't that great. Product training is but not sales training. - Benefits are very weak especially for a Fortune 100 company. A life insurance company that makes you pay for your life insurance when most companies pay for theirs? - While the company does have very high financial ratings, if you're a good salesman it shouldn't matter. Get on with a company that pays better and has better benefits and make a better living.
Advice to Management
Increase commissions and benefits to be competitive in the financial market. Focus more on developing sales skills and not just on learning the products. Don't be a manager that waits to the last minute to ask if there is anything they can do to help you close a sale.