There are newer employer reviews for First Investors Corporation

5 people found this helpful  

College grad turned into Top Mgmt in the company in short period of time

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Leader  in  Woodbridge, NJ
Current Employee - Leader in Woodbridge, NJ

I have been working at First Investors Corporation full-time for more than 10 years

Pros

I did start out of college and was taught everything with a huge amount of support and training. The training was good and now is beyond awesome. I was not even a finance major and now I earn multiples of six figures. More important, FIC truly helps the everyday people. First Investors started this year paying for the License fees and offering a salary with benefits. Great product offering from all the major companies as well as some real nice advantages for clients because FIC is owned by Foresters, a non-profit community giveback organization.

Cons

Requires very hard work first few years. None otherwise.

Advice to ManagementAdvice

Keep up the great work listening to your people and making so many wonderful changes! It's like a new company, even better then it was two years ago.

Recommends
Positive Outlook
Approves of CEO

178 Other Employee Reviews for First Investors Corporation (View Most Recent)

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  1. 4 people found this helpful  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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 for more than 3 years

    Pros

    Unlimited Income Potential
    Great Payouts and Benefits
    Flexibility in scheduling

    Cons

    Long hours when you first start

    Recommends
    Positive Outlook
    Approves of CEO
  2. 10 people found this helpful  

    Thinly veiled pyramid scheme

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

    I worked at First Investors Corporation full-time for more than a year

    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 ManagementAdvice

    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.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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