VALIC Reviews

Updated June 22, 2015
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2.9
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Bruce Abrams
19 Ratings

Pros
  • A book of business and some comp for one year (in 7 reviews)

  • Present existing book of clients (in 2 reviews)

Cons
  • Can't leave with your book of business so either you plan to stay for life or will have to start over again when you leave (in 6 reviews)

  • owned by AIG, reduced comissions due to the fixed rate environment today (in 3 reviews)

More Pros and Cons

63 Employee Reviews

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  1. Group Specialist

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Group Specialist in Scottsdale, AZ
    Former Employee - Group Specialist in Scottsdale, AZ

    I worked at VALIC full-time (Less than a year)

    Pros

    Great way to know a lot about insurance

    Cons

    Not my kind of atmosphere


  2. Retirement specialist

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

    I have been working at VALIC

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    You get a pretty flexible work schedule, laid back work environment and lots of vacation starting at day one. Training program is also good.

    Cons

    The processing department is very slow to help you book business, technology is vey dated and base pay is very low when you start.


  3. Helpful (1)

    used car lot

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

    I have been working at VALIC full-time

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    commissions on product sales can be as high at 6%. Nice cash balance pension in addition to dollar for dollar match on first 6% into 401k.

    Cons

    constant pressure to sell in house product to client base for commissions; unsuitable transactions are common (such as variable annuities to everyone even when they don't need on). They are losing beg higher education accounts right and left.

    Advice to Management

    focus on helping clients instead of commissions. Adopt fee based model.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Retirement Specialist

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Retirement Specialist in Houston, TX
    Current Employee - Retirement Specialist in Houston, TX

    I have been working at VALIC full-time

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    License are paid for and great benefits

    Cons

    I haven't experienced any cons with the company thus far.

    Advice to Management

    Great work! New hires can tell management really cares about our success.


  6. A sinking ship

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

    I worked at VALIC full-time

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Benefits are great. 6 % match vested immediately and 6% Pension. Your work is very meaningful because you can help educators, professors and health care professionals. You will be making a difference in their lives. Clients are generally very appreciative and very nice. VALIC cares a lot about it's clients.

    Cons

    AIG! AIG! AIG! AIG takes, adds new metrics and could care less about VALIC employees or clients. Technology is soo bad. Training is laughable and very bad. Honestly, I think most advisors would not reccomend. Most assets you get are dead clients or dead assets. Takes forever to get paid. TIAA CREF and FIDELITY are going to take the market. But you will work a lot more, more stress and make a lot less. Again, if you take anything from this the problem is AIG

    Advice to Management

    Separate from AIG


  7. Educate and train teachers to save for their retirement

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at VALIC full-time (Less than a year)

    Pros

    flexibility, teachers are great to work with

    Cons

    not enough money, lead generation can be difficult


  8. Sales Assistant

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales Assistant in San Jose, CA
    Former Employee - Sales Assistant in San Jose, CA

    I worked at VALIC (Less than a year)

    Pros

    Many great opportunities to learn new skills.
    Flexible work hours, depending on advisor.
    Many of the advisors are great to work with, and are willing to help sales assistant learn more.

    Cons

    Virtually no opportunity for advancement.
    Management is very stuck in their own ways of how to do things, even if it doesn't work.
    Being a very large organization, things are very bureaucratic.
    Work/Life balance can be very poor, depending upon the advisor.


  9. Great opportunity, but a sprawling company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Financial Advisor
    Current Employee - Financial Advisor

    I have been working at VALIC full-time (Less than a year)

    Recommends
    Recommends

    Pros

    I was given a decent book of business to start with

    Cons

    The company is so big, with a million different nooks and crannies to need to know how and where to navigate


  10. Helpful (1)

    Great Opportunity

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

    I have been working at VALIC full-time (More than 3 years)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    You will have an assigned Territory to work. No more paying for fees for clients to contact. Marketing cost are covered by firm. You do not have to pay for lap tops, printers, or office space. Full range of product offering allowing you to be a true Financial Advisor.

    Cons

    You have to be self motivated because there is limited training and support for paperwork processing. You need to hire an assistant to truly reach the income goals you desire. And the technology is archaic. Paper, paper, paper.


  11. OK company to work for

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

    I worked at VALIC full-time

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    The benefits are really good. I usually could work at my own pace. There was also a gym on the AIG campus. I would work out during my lunch hour.

    Cons

    The company seems to be very disorganized. When I first started, it took over a month to get my company laptop. Then when I finally got it, some of the programs was set up incorrectly. It took approx 2 more weeks to get it corrected.

    Advice to Management

    I would advise mgmt to put themselves in the employee's shoes. We can't do everything. work with us instead of just bossing us around. Also implement a better training. It was pretty much sink or swim.



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