There are newer employer reviews for New York Life

2 people found this helpful  

Good company, but no growth.

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

I have been working at New York Life full-time for more than 8 years

Pros

The pay is good with a bonus & salary increase each year. Good benefits & very stable. Most people stay with the company until retirement.

Cons

The career opportunities are very minimal. Getting promoted doesn't seem to be an option, no matter how much you deserve it.

Advice to ManagementAdvice

The pay for performance program seems to be nonexistent. Please encourage managers to utilize it.

Recommends
Neutral Outlook
Approves of CEO

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

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  1.  

    Excellent for entrepreneurs who care about client relationship building

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

    I have been working at New York Life as a contractor for more than 3 years

    Pros

    Top 10: 1) the freedom to choose & build my own client base throughout the US, 2) the freedom to choose how I spend my commissions on business expenses & who I want to split commissions with (if at all), 3) top notch product training, professional development, & mentorship support at no cost to me, 4) social media marketing tools & support at less than $5/mo, 5) corporate events that encourage attendance by family members (including kids), 6) freedom to make my own schedule/work from home, 7) I never have to worry about the quality of my product, 8) I can donate to local charities where I volunteer & receive matching dollars from my Company in my name, 9) individual recognition for excellent work across several categories, 10) many of my colleagues are 2nd & 3rd generation New York Life agents

    Cons

    I can only think of 1, and this would be true for any entrepreneurial endeavor: you cannot predict your income for at least the first year. If you believe in what you are doing (and not just doing it for the income), are willing to work long & hard for it, learn from your failures & stay humble in your successes, then I believe there really are no "cons" in working for New York Life

    Advice to ManagementAdvice

    Keep good going! Always maintain the conservative, policyholder-centric philosophy that has kept our Company going for nearly 170 years!

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Great Building Block.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Agent  in  Bala Cynwyd, PA
    Former Employee - Agent in Bala Cynwyd, PA

    I worked at New York Life full-time for more than a year

    Pros

    The training is second to none. Trainers and managers are there to assist on day-to-day basis. Also, the resources available without extra fees is extraordinary.

    Cons

    Focus too much on certain products that the company wants you to sell.
    Too much overturn in employees to keep the business going.
    A little too much of brainwashing on how great the company is.

    Advice to ManagementAdvice

    Consider more study groups within new agents and also challenge them more often within the week.

    Recommends
    Neutral Outlook
    Approves of CEO
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