New York Life

www.newyorklife.com
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Employee Reviews

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  1. 2 people found this helpful  

    Finance and IT Transformation

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Systems Analyst in Sleepy Hollow, NY
    Current Employee - Senior Systems Analyst in Sleepy Hollow, NY

    I have been working at New York Life

    Pros

    The commute is great for me.

    Cons

    New York Life is currently undergoing transformations in their Finance and IT groups. What this means is that the vast majority of employees in these groups will have their jobs eliminated and will be replaced by outsourced (USA and offshore).

    Advice to ManagementAdvice

    Keep the staff employed by NYL and not outsourced staff who will have less investment in the company's success.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2. 4 people found this helpful  

    Solid Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Underwriting Professional
    Former Employee - Underwriting Professional

    I worked at New York Life full-time (more than 10 years)

    Pros

    Great benefits and opportunities for education assistance.

    Cons

    Company is constantly growing and changing, which is a double edge sword. Sometimes veteran, experienced employees get overlooked for opportunities in favor of newer, younger, less experienced employees. Professional level staff are treated no better than factory workers punching a time clock.

    Advice to ManagementAdvice

    Utilize veteran talent along with newly hired, fresh talent. Treat professionals as such and not like factory workers.

    Recommends
    Positive Outlook
  3. 1 person found this helpful  

    not the best

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at New York Life

    Pros

    there are no pros for this company

    Cons

    they nickel and dime the sales team

    Advice to ManagementAdvice

    Manage

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
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  5. 2 people found this helpful  

    Good training, poor management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Services Professional in Atlanta, GA
    Former Employee - Financial Services Professional in Atlanta, GA

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

    Pros

    Very involved with training new agents
    Good commissions
    Excellent products to offer

    Cons

    Hard to move up to an advisor role
    Wanted you to sell life insurance for every solution
    Did not like the MD, not friendly

    Advice to ManagementAdvice

    Don't micromanage so much

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  6. 2 people found this helpful  

    It's all on you

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

    I have been working at New York Life full-time (more than a year)

    Pros

    Everyone seems to be hitting their goals... I think the General Office you are affiliated with makes a major difference. When your colleagues are putting up production, you will too. The products sell themselves.
    The benefits are top notch- Pension! Dental/medical etc are great and this starts when you are a triggered agent. ,

    Cons

    You need to go on 5-10 appointments every single week without fail. You won't last if you can't do that. Our office standard is 3 new appointments every day! That's very difficult to book! You need to work your warm market and be a referral machine. Everyone has thought about quitting in their first year, every single person-- Because there are tough stretches, ridiculous declination's by underwriting and reversals that you are responsible for paying. If you last 2 years, you are SET!!! Also you must get your series 6 and 63 otherwise you wont make enough money!

    Advice to ManagementAdvice

    The company goals are really for you guys. I don't see another dime if we hit our end of month numbers. The only thing that matters to me and my family is my income. However, the councils are an AMAZING bonding experience!

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Financial ServiceS Professional

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Intern - Financial Services Professional in San Antonio, TX
    Current Intern - Financial Services Professional in San Antonio, TX

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

    Pros

    Great company culture! Awesome, dedicated, and passionate people who love their jobs! Fantastic training program and tons of bonus incentives to keep everyone motivated!

    Cons

    The only down side is that there is a large learning curve, if you didn't go to school for finance then it will take longer to get the hang of things. Although, there is constant support to help you learn.

    Advice to ManagementAdvice

    Provide more comprehensive training up front, although it is difficult to do so. Try to get everyone to go to the "Fundamental Career School" right after they trigger their contract.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Solid company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at New York Life

    Pros

    Great opportunity to build a business with little capitol. training, resources all available. Managers worked in the field and willing to help and share their experience.

    Cons

    It's up to me to do the work but, isn't that like any job?

    Recommends
    Positive Outlook
    Approves of CEO
  9. 2 people found this helpful  

    Great company!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Manager in Edina, MN
    Current Employee - Senior Manager in Edina, MN

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

    Pros

    Strong company and fair compensation.

    Cons

    Lack of candor and transparency.

    Advice to ManagementAdvice

    Focus on communication with all levels of the organization.

    Recommends
    Positive Outlook
  10. 2 people found this helpful  

    Agent

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

    I worked at New York Life

    Pros

    Good payout if you got what it takes. Cold calling at its finest. Good managing partners will guide you in the right direction.

    Cons

    Earnings are not always garanteed. Unstable environment.

    Advice to ManagementAdvice

    Had a pleasant experience when i was there. Thanks.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Great company to work for. Hard work required.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at New York Life

    Pros

    Lot of potential earnings upside

    Cons

    No base commission tough to get started

    Advice to ManagementAdvice

    More focus on Employees

    Recommends
    Positive Outlook
    Approves of CEO

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