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There are newer employer reviews for First Investors Corporation

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Helpful (4)

Working for First Investors was the best decision I have ever made

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Financial Service Representative in Washington, DC
Current Employee - Financial Service Representative in Washington, DC

I have been working at First Investors Corporation full-time (More than 3 years)

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

Pros

Unlimited Income Potential Great Payouts and Benefits Flexibility in scheduling

Cons

Long hours when you first start

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  1. Helpful (11)

    Thinly veiled pyramid scheme

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor
    Former Employee - Financial Advisor

    I worked at First Investors Corporation full-time (More than a year)

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

    Pros

    Basically none; work is entirely commission with no benefits. No remuneration for driving around everywhere in an over-saturated market. You will be cold calling; First Investors has no marking department.

    Cons

    Too many too list. This company basically hires recent college graduates who don't know any better. Many of the people who work at this company have parents with money; so first investors uses their employees to sell products to their family members. Within beginning work you will be asked to write a list of "connections"; it's basically just your family and everyone you know. They then expect you to peddle to them. There's no salary. No health benefits. They recently introduced both, but it's poor. The conditions required for the salary make it redundant. If you can sell as much as the minimum you wouldn't need the salary. This is basically a pyramid scheme. Beware of any company that spends more time and effort on hiring new people rather than marketing or market research. Most of the managers are simply big fish in a little pond, and made a lot of money by bullying their way into it. They are not helpful at all. The interview process was also misleading; unlimited income is almost impossible. The managers also try to instill this "make it or break it mentality", which puts much of the blame for lack of success on the representatives. The truth is First Investors spends zero amount of money on marketing or market research. All you get are pamphlets, which you can distribute yourself. Basically they are getting free labor off of their workers. I'm not sure how this isn't illegal.

    Advice to Management

    Actually care about your employees; give them a salary or benefits. Spend money on marketing, rather than using unpaid sales representatives to prospect themselves. Horrible business model. Stop shaming representatives into thinking "well, if you can't succeed you just can't cut it." Support your representatives.


  2. Helpful (4)

    Very average and uninspiring.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Intern in Lexington-Fayette, KY
    Former Intern - Intern in Lexington-Fayette, KY

    I worked at First Investors Corporation as an intern (Less than a year)

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

    Pros

    It was a very relaxed environment with lots of young and usually friendly people.

    Cons

    There was a lot of menial labor. Management didn't always treat employees properly. LOTS of turnover in the brief period during which I interned there.

    Advice to Management

    Hire robots if you just want to bring in customers. It would be cheaper.


There are newer employer reviews for First Investors Corporation
There are newer employer reviews for First Investors Corporation

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