Compare New York Life vs Farmers Insurance Group BETA

See how Farmers Insurance Group vs. New York Life compare on employee ratings, job openings, CEO approval, business outlook and more.

Employee Ratings

Overall Rating
(full-time and part-time employees only)
3.5
(based on 2506 reviews)
3.3
(based on 3019 reviews)
Career Opportunities
3.6
3.2
Compensation & Benefits
3.5
3.4
Work-life balance
3.5
3.3
Senior Management
3.4
2.9
Culture & Values
3.7
3.3
CEO Approval
New York Life Ceo Ted Mathas
88%Ted Mathas
Farmers Insurance Group Ceo Jeff Dailey
72%Jeff Dailey
% Recommend to a friend
59%
54%
Positive Business Outlook
57%
46%

Salaries

Salaries for similar jobs
Financial Services Professional76 Salaries
$47,232/yr
Insurance Agent86 Salaries
$35,971/yr
Agent50 Salaries
$33,462/yr
Claims Adjuster145 Salaries
$53,117/yr
Insurance Agent74 Salaries
$45,221/yr
Senior Service Advocate47 Salaries
$44,185/yr

What Employees Say

Pros
"Great training"(in 189 reviews)
"Training program"(in 110 reviews)
"Work life balance"(in 130 reviews)
"Good benefits"(in 117 reviews)
Cons
"100 commission"(in 109 reviews)
"Friends and family"(in 103 reviews)
"Work life balance"(in 82 reviews)
"Upper management"(in 68 reviews)
Featured Review

Current Employee - Financial Services Professional

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

Pros

1. Unlimited income potential 2. Industry leading training program 3. Company culture is the best I have ever experienced 4. Several different advancement opportunity tracks 5. The opportunity to... operate your own practice as an entrepreneur with the backing of a Fortune 100 company 6. District agent contract is with New York Life is hands down the best employment contract in the entire industry

Cons

1. You HAVE TO PRODUCE! The compensation is commission dependent with no base salary. There is a production based bonus of up to 80% of commission plus addition to other production bonuses for the... first 36 months with the company to supplement new agents while they build a book of business. That said, if you expect to get paid for showing up then perhaps this isn't the career for you. Building your financial services practice is no different than starting a business from the ground up! You need to be completely self motivated and have an alternate income (such as spouse income, investments, or pension from previous career) or 6 - 12 months of savings while you are building your practice. If you come into this expecting to be profitable from day one then you probably need to find a different career. 2. You must have a thick skin! If you can't deal with hearing the word "no" then this is probably not the career for you. You are going to hear it all the time. This is a sales position and "no" is simply part of the customer/client psychology. 3. You can't be a know it all. I've seen too many people fail in this career because they walked in thinking they had a better way and didn't follow through on what they were trained to do. You can't do that. I hate to say it but if you're going to be successful in a career with New York Life, you have to drink the Kool-aid. There's a reason this company has the top advisors and agents in the industry and completely dominates membership at MDRT. Its because the systems work...as long as you do!

Former Employee - Anonymous Employee

I worked at Farmers Insurance Group full-time for more than 3 years

Pros

Great culture and lots of opportunities if you want them

Cons

None. My time here was great.

Job Postings