AXA Advisors

www.axa-equitable.com/axa/careers/axa-advisors.html
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Helpful (1)

Grinding sales role

  • 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

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

Pros

People are great and the managers are all incredibly smart and talented.

Cons

long hours, 8 to 8 everyday, cold calling is what you'll spend 80% of your time doing.

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  1. Helpful (2)

    Employment requires more luck than hardwork

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Consultant in Stamford, CT
    Former Employee - Financial Consultant in Stamford, CT

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

    Neutral Outlook
    No opinion of CEO
    Neutral Outlook
    No opinion of CEO

    Pros

    *Free to set schedule (most of time, if traditional, or non-RBG group) *Easy to join even with no finance background; may help you get experience other firms need before they'll consider you. *Online training and frequent branch training (though sometimes too frequent). *Cumulative quotas means, if you are lucky, one big case can set you ahead for years. (Though falling behind can also make the next "validation" period much harder.).

    Cons

    *High turnover rate - majority stay less than a year; better (or luckier) offices keep maybe 25% of new hires past 4 years, though a lot retain less than 5%. *Rigid quotas (Contrary to popular opinion, they CAN make AN exception once if you miss the deadline however it's VERY rare. Even if you do, you must make up the missing production on top of your next quota or else.) *Sure, can set own schedule, but new "advisors" should expect to spend 80% or more of their time as a telemarketer/mailbox stuffer if you want to stay expect 80+ hrs/wk unless you have a lot of rich friends/family or if you pay for an assistant. *Cannot retain clients upon leaving. Your accounts will eventually be given out in orphan call lists for other new hires to telemarket. (Note: Plenty of firms do not put a non-compete in their contract.) *Even if you close more life sales than your peers, a string of bad luck could cause every one of your cases to be rejected by underwriting.

    Advice to Management

    Branch and district managers: Thanks for the training and all your support the past three years. Divisional/national VPs: While quotas are necessary to maintain the bottom line, consider giving un-validated DSF/ESF an option to stay if they pay for their office space/expenses. Thus, those destined to fail no longer suck company resources and those who simply had really back luck with underwriting don't become a competitor with intimate knowledge of AXA's market.


  2. Helpful (2)

    Working as a Financial Advisor was a great way to get licenses, and a LOT of headaches.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Los Angeles, CA
    Current Employee - Financial Advisor in Los Angeles, CA

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

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Fairly easy sales quotas, reimbursement for licensing (and thats it) . Lots of turnover means they hire almost anybody.

    Cons

    Terrible managers in the entire WLA office. New hires are brought in to sell to their families and friends and then dumped.


There are newer employer reviews for AXA Advisors
There are newer employer reviews for AXA Advisors

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