New York Life

  www.newyorklife.com
  www.newyorklife.com

New York Life Reviews in Parsippany, NJ

772 Reviews
3.3
772 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
New York Life Chairman, President & CEO Ted Mathas
Ted Mathas
443 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 31 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

5 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    A great company that takes care of their employees

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Graphic Designer in Parsippany, NJ
    Former Employee - Graphic Designer in Parsippany, NJ

    I worked at New York Life

    Pros

    Great salary
    Great benefits and 3 weeks of vacation.
    Great 401(k)
    Up to date equipment and applications
    friendly environment
    very good work life balance

    Cons

    interoffice politics
    work can get boring

    Advice to ManagementAdvice

    Keep doing what you are doing to keep employees happy with all the benefits and perks. Wished you didn't lay off people as the economy improved once we were gone.

    Recommends
  2.  

    The average American Dream. Slow and steady wins the race type of company.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Project Manager in Parsippany, NJ
    Former Employee - Project Manager in Parsippany, NJ

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

    Pros

    Culture is gentle and friendly, job security is stable, benefits are above average, time-off is flexible. Work-Life balance is accommodating. Work is not terribly difficult, hours rarely go over.

    Cons

    Compensation is on the low-end, career paths are not clearly defined, room for growth is limited. Voices may go unheard at times.

    Advice to ManagementAdvice

    There is room for more incentives, motivation is needed in a slow-pace work environment

    Recommends
    Neutral Outlook
    No opinion of CEO
  3.  

    Mediocre.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in Parsippany, NJ
    Former Employee - Anonymous Employee in Parsippany, NJ

    I worked at New York Life

    Pros

    Depending on your department and manager it can be a nice place to work. Flexibility for mommies, but not without a price.

    Cons

    It's NOT Wall Street. Hidden agendas and favoritism.

    Doesn't Recommend
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Participant Service
    Rep

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Bad Bad Jo In Customer Servuce In Parsippany New Jersey and MA in Parsippany, NJ
    Former Employee - Bad Bad Jo In Customer Servuce In Parsippany New Jersey and MA in Parsippany, NJ

    I worked at New York Life

    Pros

    good health insurance bu tnothing else

    Cons

    This place was terrible, except for the benefits. When I was hired, the interviewers made it sound like I would be doing more than just "working in a call center". When I got on the floor, I found out it was the exact opposite of what they told me. I was told I'd be trained to process and do correspondance, but instead was just pushed to take back-to-back calls all day (if you weren't taking 80-100 a day during tax season, you got lectured by your supervisor).

    Pay was very, very low. Started at $27k/year (and I have a bachelor's degree in business!). After I started working there, I was shocked that they could convince finance, accounting, management majors from good schools to work there for $27k/year.

    Promotions were hard to come by. When I was there, they started shipping all of the processing to India, and layoff rumors were starting. I got out just in time. A while after I left, they did layoffs of about 150 people. Whenever a job would post in another part of the company, you'd get so many people applying that your chances of actually landing it were slim to nil. Eventually, I looked around and saw that I was sitting in a call center with 140 people just like me (college business degrees, smart) and realized that unless I was a major butt-kisser I'd never get anywhere in the company.

    Advice to ManagementAdvice

    stop lying to the particpant service representatives

    Doesn't Recommend
    No opinion of CEO
  6.  

    Conservative Company = Conservative Pay

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Vice President in Parsippany, NJ
    Current Employee - Vice President in Parsippany, NJ

    I have been working at New York Life

    Pros

    The company is generous with vacation time.
    The conservative nature allows the company to hold its ground in rough markets.

    Cons

    Tendency to disregard and not reward the talent of long time employees.
    Many have found that the best way to get a raise decent raise in the company is to leave for another job and then come back.

    Advice to ManagementAdvice

    Find ways to reward the value of the talented people that have stuck with the company but also to eliminate the the weaker employees at the same time. One of the best ways to keep good employees happy is by ensuring that they are not doing the work that another guy is being paid to do.

    Approves of CEO

Work at New York Life? Share Your Experiences

New York Life

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.