New York Life

www.newyorklife.com
Employer Engaged

New York Life Reviews in New York, NY

Updated February 24, 2015
Updated February 24, 2015
140 Reviews
3.2
140 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
New York Life Chairman, President & CEO Ted Mathas
Ted Mathas
140 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

140 Employee Reviews Back to all Reviews

Sort: Popular Rating Date
  1.  

    College Intern

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

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

    Pros

    Flexible schedule, solid company to work for. Easy access to the higher-ups. You make money at your own pace.

    Cons

    You succeed at your own pace, which can be difficult if you do not have a lot of contacts that are open to purchase the products that NYL offers.

    Advice to ManagementAdvice

    Offer some quality leads.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Wonderful Company to Work For

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

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

    Pros

    The best thing about this company was the people. I loved going to work everyday. There was opportunity to advance.

    Cons

    There was a reorganization every year so you never knew what department your unit would be under and how management would change.

    Advice to ManagementAdvice

    Keep doing what you are doing and uphold the company values and mission.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Managing position

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

    I have been working at New York Life full-time (more than 3 years)

    Pros

    A corporation with a lot upcoming changes. Once it gets to the next phase there might be a different culture.

    Cons

    A corporation with a long history. You have to put a lot of effort to do things differently.

    Recommends
    Neutral Outlook
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  5. 2 people found this helpful  

    If your not happy with your manager, seek assistance from one of the directors. Hopefully they will help.

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

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

    Pros

    The company was generous with time off policy
    The company gave yearly bonuses.
    Weekend Offs!
    Decent Pay

    Cons

    Management was unapproachable.
    Human Resources was never available for help.
    New hire training is a joke.
    Bad work/Life balance. You are married to your job.

    Advice to ManagementAdvice

    Listen to your employees, if you continue to ignore them they will work elsewhere.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    Great company

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

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

    Pros

    Good salary, good perks (half day Friday's in summer)

    Cons

    Tough to move up, lifers must leave, health benefits not good

    Advice to ManagementAdvice

    Need to communicate to employees what the business strategy is... Right now, nobody knows.

    Recommends
    Positive Outlook
    Approves of CEO
  7. 2 people found this helpful  

    Good company

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

    I have been working at New York Life

    Pros

    Stability. If you do your job reasonable well you will stay employed. Lots of on site training, tuition assistance, on site (free) medical, gym (home office only).

    Cons

    Flat organization. Very hard to get promoted / move up. Not great if you have ambition. They may change your job "cross training" with zero input from you or even if you ask not to be moved.

    Advice to ManagementAdvice

    Compensation structure is poor. Many people leaving.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    NONSENSE

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

    I have been working at New York Life

    Pros

    FREE Training i guess, Other than that?

    Cons

    COMMISSION, slow pay process, NO respect

    Advice to ManagementAdvice

    KNOW YOUR EMPLOYEES BETTER, please

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9. 4 people found this helpful  

    Financially solid company but stagnant, stodgy culture

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

    I have been working at New York Life full-time

    Pros

    Pretty lobby, free on-site fitness, wellness and learning centers, 9-5, 401(k) match, pension, half day Summer Fridays, day after Thanksgiving off, business casual attire, guest speakers via various diversity groups, volunteering opportunities, billions of dollars in company reserves.

    Cons

    Lotus Notes email, very few sick days per year, office does not close during snow storms and you are charged a day if you can't make it in, very high deductible on medical plan, below market annual raises and bonuses, very old elevators that constantly get stuck between floors, limited charities the company will match your donations, people who abuse "work from home" & the honest people who aren't given that opportunity due to their lower job function titles. High school cliques exist: your co-workers with a higher title will exclude you from all things important, minimize you and disregard any ambition you may display, so you just sit and wait to be spoken to. Solid, competent employees are not utilized to their fullest potential, while incompetent people remain in roles they are not fundamentally right for, passive aggressive approach from managers, new ideas and opinions are not encouraged, select few promoted to senior roles to meet diversity targets, which is very apparent and discouraging to many.

    Advice to ManagementAdvice

    Please make an honest attempt to fix the Cons mentioned above. Distributed Leadership cannot fully take off if lower level employees are constantly made to feel like they don't matter and are treated like an afterthought by those above them in their own department.

    Recommends
    Positive Outlook
    No opinion of CEO
  10.  

    Great place for an Internship

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

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

    Pros

    A terrific learning opportunity on every facet.

    Cons

    My manager wasn't that friendly but others took me under their wing.

    Advice to ManagementAdvice

    Keep it up!

    Recommends
    Neutral Outlook
  11. 1 person found this helpful  

    Mutuality with integrity

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

    I have been working at New York Life

    Pros

    Solid AAA rated mutual life insurance company. They may not always be the coolest kid on the block but their prudent decisions are made looking at the big picture and what is ultimately best for their policyholders.

    Cons

    Technology is very far behind the curve. Many legacy systems cannot be integrated into cutting edge technology.

    Advice to ManagementAdvice

    Come out of your offices once in a while to get to know the middle management and associates who are doing the actual work. Get to know them and listen to their ideas. Give them a chance to lead rather than recycling the same group of tired executives holding on.

    Recommends
    Positive Outlook
    Approves of CEO

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