MetLife Reviews

Pros

Work life balance, flexible work hours, positive atmosphere

Cons

Technology is slow an out dated.

Advice to Senior Management

Provide underwriters the technology to effectively do their job.

Pros

Flexibility, Control of most aspects of business

Cons

100% Commission pay, unclear objective / goals

Advice to Senior Management

Pay salary - unless you are happy with the revolving door. Allow for fee based planning access

Pros

Great health care benefits. Well known name in the industry. Great company for career life insurance agents. Not so good for financial advisors.

Cons

I worked for MetLife as a financial advisor. For reason not relating to the job or performance, I decided to move to another company. MetLife never pays you all your commissions. They go into a bank account that I was told was my money. I chose to take a smaller percentage every week to ensure that I always had a weekly paycheck coming. When I left I had several thousands of dollars of earned commissions that I had not yet taken from by account. Because I was there less than 3 years, I lost all this money. I had always had great respect for MetLife until I worked for them. They are a company that requires proprietary product sales. This was not divulged during the interview process as had it been, I would have never chose to join MetLife. Do not be misinformed....It is a life insurance company. If you want to work as a financial advisor with the freedome to always do what is best for you clients, do not join MetLife. And if you do, take as much YOUR money each week as they allow. If your employment is terminated prior to 3 years whether its voluntary or involuntary including death, they will not pay your or your beneficiaries the money you earned that is left in your account.

Advice to Senior Management

BE HONEST WHEN HIRING INDIVIDUALS.

Pros

nice building and in a good location.

Cons

my manager would contradict the other managers and policy. he on several occasions wanted me to violate mortgage laws directly. i refused.
It is old Countrywide/ Bank of America Exs running it, just like the old companies. Curn and Burn.
It wil fold.

Advice to Senior Management

have a system or department in place that an employee can concur with and not be retaiated against.
everything you say to another supervisor or HR will held against you.

Pros

There is an unlimited income potential, if you know what you are doing, and you have a great support team.

Cons

That said, if you are paired with a selfish team, or a poor managing partner, you are pretty much SOL and should continue the job search

Advice to Senior Management

Live like your newer brokers for awhile and you might actually have some grasp on why turnover is so high. Very poor grasp of how we work.

Pros

Good with PTO
Great place to gain experience and knowledge or financial systems

Cons

promotions are hard to come by
downsizing everywhere
all about budget cost and no salary increases
not a good place to retire anymore from

Pros

Well known company with all the solutions for agents who want to offer their customers value to their overall finances

Cons

Commission based ,no minimum income. In order to get a decent amount of money weekly, business would need to be written , processed and approved on a regular basis. Very hard to generate new business and lack of support on leads. New employees are only expected to bring in new business that is usually split with a senior rep if he/she gets in on the deal.

Advice to Senior Management

Invest in your employees by providing them with leads and support . Change the compensation structure for employees

Pros

Flexible hours, work life balance, decent people working there for a long time, conservative, risk adverse... That's why the company is largely untouched by the Financial Crisis.

Cons

Senior management keeps thinking outsourcing and reducing employee benefits. On the other hand, we don't see their benefits being reduced.

Pros

decent boss locally, make your own schedule

Cons

the compliance issues makes business almost impossible to do, especially when employees in the compliance department decide they dont like you for some reason. There is no way to go above their heads so you have to suck up

Advice to Senior Management

n/a

Pros

The people were very friendly, it was a good work environment, and they provide good services to their valued clients.

Cons

Their employee support helplines were not very efficient. It took forever to get through, and they were not very good about calling back