There are newer employer reviews for New York Life

1 person found this helpful  

Long hiring process, and it's not clear

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

I have been working at New York Life part-time (more than an year)

Pros

People are upbeat and positive, friendly
Great reputation

Cons

No clear path to hire. Contracts are confusing and seem to contradict verbal explanations. Training seems comprehensive, but no clear process in place. No salary at all provided - it's all commission and can take months to kick in, especially since product training is ad hoc.

Advice to ManagementAdvice

Provide some 'how to' material for new hires that explains the steps clearly. The career training manual is very useful but doesn't really provide a clear idea of what is expected or how it fits into the grand scheme of things.

Recommends
Neutral Outlook
No opinion of CEO

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

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  1. 1 person found this helpful  

    New agent review

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at New York Life

    Pros

    Company image. Initial training. Supportive partner training arrangement for one year.

    Cons

    Referrals diffucult to come by. Limited or no leads for agents not at council level. High turnover ratio.

  2. 1 person found this helpful  

    Great learning experience and place to launch a financial adviser career.

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

    I have been working at New York Life full-time (more than an year)

    Pros

    The best support and financial education.
    Strongest company.

    Cons

    Pay scale is very low; "base salary" only if you hit required minimum goals. Not a true base salary.
    People identify with Life Insurance. Very hard to be a financial adviser when there is a stigma that all you do is sell LI.

    Advice to ManagementAdvice

    Base-salary would be a great boon.

    Recommends
    Positive Outlook
    Approves of CEO
There are newer employer reviews for New York Life

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