AXA Advisors

www.axa-equitable.com/axa/careers/axa-advisors.html
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AXA Advisors Reviews

Updated June 25, 2015
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3.0
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AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
16 Ratings

Pros
  • You can definitely make a lot of money, if you choose to focus on the life insurance side of the business (which they heavily encourage/promote) (in 8 reviews)

  • Creating your own work schedule/ Flexible Hours (This is not a 8-5 job) (in 14 reviews)

Cons
  • No base salary, heavy sales focus, no formal training (in 8 reviews)

  • Hard industry to break into, a lot of time will be devoted to establishing your Book of Business (in 6 reviews)

More Pros and Cons

55 Employee Reviews

Sort: Popular Rating Date
  1. Tedious work

    • Career Opportunities
    Former Intern - Financial Advisory Intern in New York, NY
    Former Intern - Financial Advisory Intern in New York, NY

    I worked at AXA Advisors as an intern (Less than a year)

    Pros

    Get to know the industry. The financial consultants are friendly. Researches on venture capitals and stocks later on were more interesting and useful.

    Cons

    All those phone calls and name guessing were very tedious.


  2. Helpful (2)

    Financial Consultant

    Former Employee - Financial Consultant in New York, NY
    Former Employee - Financial Consultant in New York, NY

    I worked at AXA Advisors (More than 5 years)

    Pros

    Young, energetic work environment. If you develop relationships with the top producers, you can position yourself to learn a lot of the best practices and set yourself up for success.

    Cons

    If you are not highly motivated, it can be an overwhelming, dead-end job. It is a commission based job so if you cannot sell, you will struggle financially.

    Advice to Management

    Continue with the excellent training and have the district managers focus more on quality representatives rather than on quantity of representatives.


  3. Kill yourself enough for a few years and it will pay off

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Former Intern in New York, NY
    Current Intern - Former Intern in New York, NY

    I have been working at AXA Advisors as an intern (Less than a year)

    Pros

    A LOT of learning in terms of sales and handling people and their concerns, but only if you're lucky enough to be hired as an intern for the right advisor.

    Cons

    Not the most social setting. Very every-man-for-himself kind of environment.


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  5. Helpful (1)

    Entry level candidates

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Advisor/Support in New York, NY
    Former Employee - Investment Advisor/Support in New York, NY

    I worked at AXA Advisors full-time (Less than a year)

    Negative Outlook
    Negative Outlook

    Pros

    Office environment was easy going, Upper management was friendly.

    Cons

    Poor business model for entry level candidates. Managers showed little attention and provided little direction toward building a client list.


  6. Helpful (3)

    Advisor

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at AXA Advisors full-time (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    A sales job with decent earning potential. Access to full brokerage outside of insurance/annuities. Reasonable sales goals.

    Cons

    Passes on (forcefully in some cases) literally every cost you can imagine to the advisor. Completely opaque compensation structure that is extremely time consuming to track to see if the company is stealing from you after passing on every cost. Useless middlemen/whole saler types in a company filled with middlemen. Worst of all, as a Life Insurance Company, the only universally loathed department within the company is AXA's very own underwriting/national operations life insurance processing unit. The company itself may profit from some of the "tools" it "provides" (charged to the advisor)

    Advice to Management

    Take all that money you are wasting to hire cronies, hacks, and the worst kind of middle manager and hire more underwriters and staff that have more than just a pulse and alleviate some of the cost burdens to the advisors. The lack of any formal HR of any kind and organizational controls (protecting the advisors) may haunt you in the form of a class action law suit for breach of labor laws.


  7. Helpful (1)

    Sale, Sale, Sale

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Representative in New York, NY
    Current Employee - Financial Representative in New York, NY

    I have been working at AXA Advisors (More than a year)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    there are no pros, they don't help you get clients, the training is a joke, and they fire you if you don't hit quotas also they have a big turn over rate.

    Cons

    you must pay for you licenses and they only reimburse a 80% and managers are there to take advantage of you.


  8. Helpful (1)

    If You Want to Be Another Muppet, Join This Company!

    • Work/Life Balance
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at AXA Advisors

    Doesn't Recommend
    Doesn't Recommend

    Pros

    Free pizza every Wednesday, you get to dress up in nice, fancy suits and stay in a "hotel" for up to six months!

    Cons

    Prey on people's fear and greed, hours are not flexible and you are not the owner of your business as the hiring manager purported to be when you were first courted, cold calling and new recruit turnover is high.

    Advice to Management

    Manipulation does not work in the end.


  9. Helpful (1)

    Really depends on the team you are with

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant in New York, NY
    Current Employee - Assistant in New York, NY

    I have been working at AXA Advisors full-time (More than 5 years)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Flexibility Potential to make good money

    Cons

    AXA home office doesnt really care about the AXA Advisors branch, so the budget is not good for things like supplies, competent operational staff, etc.

    Advice to Management

    N/A


  10. Great Company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in New York, NY
    Current Employee - Financial Advisor in New York, NY

    I have been working at AXA Advisors

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Good work/life balance amazing culture at branches and people are overall friendly

    Cons

    Not enough compensation Hard to build a client book

    Advice to Management

    keep up the good work


  11. Helpful (9)

    Excellent opportunity, provided with all that is necessary for success

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in New York, NY
    Current Employee - Financial Advisor in New York, NY

    I have been working at AXA Advisors full-time (More than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    -Eat what you kill. For those individuals who possess great ambition such as myself, this is the perfect platform to create an income to suit your lifestyle. For those who prefer an average lifestyle making a comfortable base salary, you have entered the wrong industry. "I am a lion; I rather starve in the wilderness than be fed in a cage." -Rewarded for your efforts. It is very easy to see the differences in character regarding an employee who makes $35k a year and is destined for failure versus one who makes $700k a year. You WILL make $150k your first year if you are a person who strives for greatness. -Not once was an attempt made to tap into my natural market. -Great leadership from my manager in developing the habits of successful people. I cannot speak for any other manager, however if you do not feel your manager is up to par I cannot imagine it is too difficult to seek a transition. -Team support alongside friendly yet fierce competition.

    Cons

    -Around a 90% turnover rate. If you lack self-motivation and determination, are not hard-working, pessimistic in nature and tend to make excuses on a regular basis--you will fail. Please save your time and find employment featuring a stable salary. This industry is not for the weak of mind, the turnover rate is incredibly high for a reason. If you can envision yourself making the excuses seen in many of the posts on this page, written by failures who cannot own up to their faults--I am speaking directly to you. -There are some rotten apples as in any office, it is difficult to understand how some made it through the interview process. Perhaps I shouldn't judge a book by its cover, but laziness is evident from the manner a person dresses and conducts themselves--as well as their attitude towards life. -Start up costs among other fees. Not really a con considering these are involved in any business venture in addition to the fact that you are investing in your career and book of clients--but again--this is geared towards those who tend to make an excuse for their own failure. What is $3k to a $1M+ producer? A single fitted suit?

    Advice to Management

    Become slightly more selective in the interview process. I understand the desire for equal opportunity, but simply performing well in an undergraduate program is not enough to identify one who will be successful in the financial services industry.



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