AXA Advisors Reviews in New York City, NY | Glassdoor

AXA Advisors New York City Reviews

Updated October 9, 2017
146 reviews

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New York City, NY Area

3.1
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AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
49 Ratings

146 Employee Reviews

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Pros
  • You can make a lot of money doing very good work by working for AXA (in 18 reviews)

  • entrepreneurial, if you want to make a lot you can (in 18 reviews)

Cons
  • No base salary until you make 15 applications and/or 3,000 PCs (production credits) (in 22 reviews)

  • Long hours with a lot of sales training (in 40 reviews)

More Pros and Cons

  1. Helpful (1)

    "Recruiting Coordinator"

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

    I worked at AXA Advisors part-time (Less than a year)

    Pros

    Loved the staff very much

    Cons

    No cons. I have nothing bad to say!

    Advice to Management

    None. It was great


  2. "working with Elisha Weiss at AXA Advisors"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Financial Consultant Assistant in New York, NY
    Former Intern - Financial Consultant Assistant in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at AXA Advisors as an intern

    Pros

    -People are chill
    -Good opportunities to sit in on client meetings

    Cons

    -bulk of the time was spent on client profiling and not much analytical work

  3. "Definitely no shining job"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Junior Financial Advisor in New York, NY
    Former Employee - Junior Financial Advisor in New York, NY
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I worked at AXA Advisors (More than a year)

    Pros

    entrepreneurial, if you want to make a lot you can
    fun-ish work environment
    No supervision

    Cons

    No support whatsoever
    Not great ethics
    Have to pay for a lot of stuff

    Advice to Management

    Dont position this as a financial planning job. Its a sales position and a very non-skill requiring one at that


  4. Helpful (1)

    "Most of these reviews are fake"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Professional in Woodbridge, NJ
    Former Employee - Financial Professional in Woodbridge, NJ
    Negative Outlook
    Disapproves of CEO

    I worked at AXA Advisors full-time (More than a year)

    Pros

    There aren’t really any, I suppose flexible schedule and learning about a company you don’t want to be apart of

    Cons

    Too many to list, most of the reviews here on glass door are from managers and current employees that were told by their managers to give good reviews. Why? Because the managers live off of churning new employees because they receive hiring bonuses and overrides on your sales. It is just your normal pyramid scheme, the company locks your clients into long contracts, makes you pay for everything yourself, and then tries to bill you for things you shouldn’t have to pay for when you leave. Company won’t be around much longer, other than a life lesson you won’t gain much from working here other than maybe a stepping stone to a real financial services company. Most of the guys that work here have no idea about financial planning and are really just insurance salesman. It’s is very rare you will find a portfolio built by an Axa advisor that will outperform the market. Take my advice, and instead of learning the hard way like I did, wait for a better opportunity.

    Advice to Management

    If you worried about your employees as much as you did about cutting costs and your bottom line, everyone would thrive. Instead this is a dwindling company with a terrible reputation that thrives on feeding on the time and energy of new employees into the work force.


  5. "Used car salesman selling financial products"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Woodbury, NY
    Former Employee - Financial Advisor in Woodbury, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Benefits. If you can produce enough to afford them and have 100k saved up to back yourself.

    Cons

    Going into the office and dealing with people who could care less about your success.

    Advice to Management

    Stop hiring.


  6. "Summer Analyst"

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

    I have been working at AXA Advisors as an intern (More than a year)

    Pros

    - Flexible Hours
    - Exposure to Senior Employees

    Cons

    - Poor culture
    - Poor exit opportunities


  7. "Financial Professional"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Sales Consultant in Morristown, NJ
    Current Employee - Financial Sales Consultant in Morristown, NJ
    Doesn't Recommend
    Negative Outlook

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

    Pros

    Easy to get hired here.

    Cons

    Management not supportive of sales team.

  8. "Promising opportunity"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Financial Advisor in Woodbury, NY
    Current Contractor - Financial Advisor in Woodbury, NY
    Recommends
    Neutral Outlook

    I have been working at AXA Advisors as a contractor (More than a year)

    Pros

    Providing financial advice to clients is very rewarding work. The ability to make your own schedule is a great bonus and the commission scale is very generous. You can make a lot of money doing very good work by working for AXA.

    Cons

    It is difficult to get started and you will have to work basically 18-20 hours per day for at least a couple of years to build your practice. It is ideal for someone who is young with no family and very little monthly overhead. Conversely it is difficult if you have to take care of kids and worry about paying bills unless you have enough savings to cover two years of bills and someone to take care of your kids. You will basically have to ignore everything else in your life and concentrate only on your practice in order to be successful. There are some rules within the company that limit what clients you can work with that can be very limiting considering that some groups "own" certain client markets and you are not allowed to work in those markets even though the group that "own" the clients are not maximizing the opportunities to work with those clients.

    Advice to Management

    Management should be more willing to re-evaluate any groups "ownership" of clients. If there is an opportunity to do business that a group is not pursuing, they should not be able to limit any individuals access to the clients or ability to prospect those clients.


  9. "Wealth Management Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Wealth Management Intern in New York, NY
    Former Intern - Wealth Management Intern in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at AXA Advisors as an intern

    Pros

    There was a concerted effort to give the interns meaningful work to do. Constant support and exposure to many areas of the company.

    Cons

    There were no interns that I shared work with and it would have been nice to not work individually the entire summer.


  10. Helpful (4)

    "Only if you can afford a pricey internship"

    StarStarStarStarStar
    • Work/Life Balance
    Former Employee - Financial Professional in New York, NY
    Former Employee - Financial Professional in New York, NY

    I worked at AXA Advisors (More than a year)

    Pros

    Teaches you a great work ethic, perhaps even to an extremity. Everything is a personal investment of your own. Teaches you to get comfortable with cold calling which is a great thing to get comfortable with.

    Cons

    You will most likely not close a deal for at least 3 months, underwriting is a Very slow process in most cases.
    Every person I started with that left owed at least 2k to the company when they left, for me, it was about 5x that amount and I struggled financially while I was there.
    Many people are tired of being called by them but you do get lucky. You'll probably have some success if you are comfortable selling to people you know.


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