There are newer employer reviews for New York Life

6 people found this helpful  

Things will only get better!

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

I have been working at New York Life full-time for less than a year

Pros

- Company has maintained highest possible financial ratings over the past 5 years (current surplus account balance is greater than FDIC)
- Uncapped earnings potential.
- Strong training program.
- Overall positive team environment.

Cons

- No base salary (you will invest in the company before they invest in you).
- Uncapped work hours (you will work nights and weekends.)
- Management title precedes Series 7 examination sponsorship (you have to be a partner before you can take the series 7)
- Disapproving market (people will tend to avoid you. They can smell insurance breath!)

Advice to ManagementAdvice

- Reduce abnormally high turnover rate by offering base salary as offered to first year employees of Edward Jones, Charles Schwabb, and Ameriprise.

Doesn't Recommend
Positive Outlook
No opinion of CEO

New York Life Response

May 28, 2013Sr. Partner

Thank you for adding your feedback. However, it is not true that one must become a manager before obtaining their series 7 license. Managers are required to have the series 7 because they need it ... More

715 Other Employee Reviews for New York Life (View Most Recent)

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  1. 3 people found this helpful  

    If you can follow a system and are not fearful of working your butt off, you can make a lot of money here.

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

    I have been working at New York Life full-time for more than a year

    Pros

    Unlimited earning potential.
    Flexible hours.
    You're working for an amazing company who loves its agents and compensates them while for helping families and individuals protect and save for the future.

    Cons

    No leads and salary, but their ability to help you find leads and the unlimited earning potential make up for that.

    Recommends
    Positive Outlook
    Approves of CEO
  2. 1 person found this helpful  

    It's a good traditional company

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

    I have been working at New York Life full-time for more than 5 years

    Pros

    Work life balance is very good

    Cons

    there is too much politics

    Advice to ManagementAdvice

    N/A

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
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