New York Life

  www.newyorklife.com
  www.newyorklife.com

New York Life Reviews in New York, NY

Updated December 1, 2014
Updated December 1, 2014
793 Reviews
3.3
793 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
New York Life Chairman, President & CEO Ted Mathas
Ted Mathas
455 Ratings

Review Highlights

Pros
  • They provide a great training ground for how to sell and scripts to use when selling (in 55 reviews)

  • Their compensation package is excellent and they have a superb I mean superb training program (in 32 reviews)


Cons
  • they tell you to sell insurance to your friends and family and when you leave they treat (in 37 reviews)

  • No base salary (you will invest in the company before they invest in you) (in 29 reviews)

More Highlights

127 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Little room for growth

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

    I have been working at New York Life as an intern (less than an year)

    Pros

    - give you real responsibilities which can be rewarding
    - good possibility of getting rehired

    Cons

    - does not pay well
    - industry is very boring

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2.  

    Actuarial (Contract)

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

    I have been working at New York Life as a contractor (less than an year)

    Pros

    Great work life balance. Very good training. Great corporate ethics. Good hourly pay. Flexible hours

    Cons

    If you work in Westchester campus, it's going to be very far away.
    Great hours would mean less pay for hourly-paid contract positions

    Advice to ManagementAdvice

    Move Westchester campus back to somewhere closer

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Family Oriented

    Former Employee - Corporate Vice President in New York, NY
    Former Employee - Corporate Vice President in New York, NY

    I worked at New York Life full-time (more than 3 years)

    Pros

    Good ethos, great people and great package

    Cons

    Slow decision making and many changes of strategy

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  5.  

    work balance company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Vice President in New York, NY
    Former Employee - Assistant Vice President in New York, NY

    I worked at New York Life full-time (more than 8 years)

    Pros

    with good work and balance, structured business environment

    Cons

    insurance industry with moderate pace of business innovation

    Recommends
    Neutral Outlook
    Disapproves of CEO
  6.  

    Overall a great experience, especially for my first "real" corporate style job

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

    I worked at New York Life as an intern (less than an year)

    Pros

    The culture at New York Life is really something special. Everyone is extremely approachable, ready to answer questions you may have, and always willing to help. Although I was only an intern, I was given "real" responsibilities within my department, which definitely contributed to the overall focus I needed to have each day. I learned different systems, increased my Microsoft Excel skills, and was able to network with a ton of great people.

    Cons

    The only two things I wished I had more of was: feedback and a bit more diversity in the work I was doing. I understand as an intern some of your tasks are limited, but at the very end of the internship I wish some of the work had not become so repetitive.

    Advice to ManagementAdvice

    (At least in my area) - a bit more feedback would be nce

    Recommends
    Approves of CEO
  7.  

    Great learning experience as an intern

    Former Employee - Intern - Hourly in New York, NY
    Former Employee - Intern - Hourly in New York, NY

    I worked at New York Life as an intern (less than an year)

    Pros

    well structured intern program. had a chance to learn about all the different areas, not just the team i was part of.

    Cons

    Could have done more to give the interns something to do after work/weekends (happy hours/other social events)

  8. 1 person found this helpful  

    Enterprise Finance Summer Internship

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

    I worked at New York Life as an intern (less than an year)

    Pros

    They did offer a program where you learned a lot about the company and the industry. You had to attend at least one presentation per week on a different topic, with the opportunity to attend any CPEs, as well as town hall meetings. There's also a gym at your disposal. The people are relatively friendly and are more than willing to talk to you about your career and development regardless of title.

    Cons

    Talent acquisition, aka as HR is a mess. Offer letters were rescinded because they made a "mistake" on the hourly rate, which they should have ate up because they talked about it throughout the interview process, as well as in their job postings. They didn't offer over-time, and were extremely strict with work hours. A lot of downtime for interns, even when you actively seek new projects.

    Advice to ManagementAdvice

    Should really watch HR and what they do because it can really effect how your employees perceive their value and what they say to others afterwards. Find more meaningful things for

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  9.  

    Great internship program

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

    I worked at New York Life as an intern (less than an year)

    Pros

    The people at New York Life are some of the nicest and most driven people I've met. They work hard and care deeply about team unity. Their core belief of being a "For Good" company is both outward-facing and inward-facing. Everyone I worked with was so willing to help me out and give me lots of responsibility.

    Cons

    Some days were slow, but that is what is to be expected of summers.

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    I thoroughly enjoyed my time with NYL as I felt like a true member of the team within such a short time period.

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

    I worked at New York Life as an intern (less than an year)

    Pros

    Friendly staff and managers, great balance of work and life, competitive pay, multiple outside work activities.

    Cons

    I wish I had more training.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Identity crisis

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Service Professional in New York, NY
    Former Employee - Financial Service Professional in New York, NY

    I worked at New York Life full-time (more than 5 years)

    Pros

    - Well-recognized company
    - established business units and distribution channels that you can gain experience in
    - being a mutual makes it less stressful but it's easy for things to fester.

    Cons

    - life insurance is king, if you are in any of the other business units it's easy to be pushed aside
    - CEO is running amuck doesn't have to answer to anyone due to executive retirements. Can get petty and that trickles down to managers. So that great 'we're all in this together feel' is eroding.

    Recommends
    Positive Outlook
    Disapproves of CEO

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