AXA Advisors Reviews | Glassdoor

AXA Advisors Reviews

Updated October 10, 2017
107 reviews

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107 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. "liers"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Beverly Hills, CA
    Current Employee - Financial Advisor in Beverly Hills, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    nothing good! management is in 0 level!

    Cons

    lying, lying ,lying.Never trust this company.

    Advice to Management

    Hiring is not important, more important train and support your workers. You only thinking about your pocket,nothing else.


  2. "not great"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Anonymous Intern
    Former Intern - Anonymous Intern
    Doesn't Recommend

    I worked at AXA Advisors as an intern

    Pros

    good company to put on resume

    Cons

    unfriendly work environment, internship was not helpful in any way, shape or form

  3. Helpful (1)

    "Horrible Experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Professional in Cleveland, OH
    Former Employee - Financial Professional in Cleveland, OH
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    When everyone is struggling, it makes the job seem less terrible.

    Cons

    Horrible pay structure but told "your income is unlimited", terrible and long hours but told "you can work as much as you want", mediocre benefits

    Advice to Management

    Care about your employees and actually help them. Don't spread managers too thin.


  4. "financial professional"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Consultant
    Current Employee - Financial Consultant
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    sponsor you to get license
    easy apply

    Cons

    very hard to survive in this industry.
    You can only be succeed in this company by selling insurance


  5. "Don't waste your time"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend

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

    Pros

    Potential to earn great living if you hustle.

    Cons

    Cut throat environment. Expected to push AXA products to clients.


  6. Helpful (2)

    "Flooded with Bullies"

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

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

    Pros

    Location, beautiful office space

    Cons

    Terrible pay, too many advisors working independently of each other with no cohesive goal, bullying is tolerated and you cannot make long distance phone calls because they don't pay for long distance.

    Advice to Management

    Leave your closed door offices and figure out what's going on in the cubicles outside your door.


  7. Helpful (9)

    "Not what I was promised - I will be leaving this horrible pyramid scheme soon!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Consultant in Buffalo, NY
    Current Employee - Financial Consultant in Buffalo, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    The flexibility of your schedule

    Cons

    Managers lie to recruits and promise rainbows of unlimited income - they will hire ANYBODY which has given this place a horrible reputation. It's getting to the point where you talk to a potential client and they know about AXA because they or someone they knew got scammed by a family or friend into putting all of their money into an expensive AXA annuity and then they left AXA soon after.

    The only people who win at this game are the managers who end up inheriting the clients left behind

    Advice to Management

    Hire people that will have a chance of making it in the industry. Stop focusing on upping the "body count" and stop lying to people. Managers are judged on how many people they hire which leads to garbage man today and "Financial Consultant" tomorrow

    I will be leaving this horrible place within a month to get a real job!

  8. Helpful (5)

    "SCAM"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Austin, TX
    Former Employee - Financial Advisor in Austin, TX
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    You get to be in the trenches with your coworkers that grows a strong bond. Hot chicks work there

    Cons

    100% commission. They make you bug your family & friends to do business and hurts relationships along the way. Management is terrible. Only hire individuals from wealthy families so they can infiltrate their pocket books.

    Advice to Management

    Don't feed employees false hope. Be honest from interview #1


  9. Helpful (5)

    "Financial Professional"

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

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

    Pros

    - By being immediately thrown to the wolves in their sink or swim environment, I was able to learn and develop certain skills quicker than at other places
    - Pizza on Wednesdays

    Cons

    -Their staff is completely inept, and oftentimes you are payed significantly less money than you earned. And on top of that, after they underpay you, they find ways of making it so that you owe them money, not the other way around (based on the experience of the majority of my coworkers as well as my own). AXA will bleed your wallet as much as they can while you are there.
    - Successful advisors love talking about how much money they made, but none of them address how much they had to spend to make that money (mostly because if they do, their accomplishments are no longer impressive).
    - You are given minimal support and have to dive blindly into everything you do. They will not help you get leads, and you will receive minimal (if any) guidance on how to build your book of business from the ground up.
    - The "Financial Professionals" are salesmen with no financial acumen or literacy. Most AXA Advisors are able to memorize presentations, which makes them appear to have the knowledge and skillset that they actually lack
    - Their commission system and awards oftentimes make FP's have to chose between doing what is best for their client, and doing what is best for their them personally or their family. It is rarely the same thing.
    - They want their FP's and FA's to blindly buy into what they tell them. Regardless of any evidence contrary to what they say. "I know it hasn't worked for you yet, but just trust the process". This often causes the smart and knowledge-oriented employees to seek opportunities elsewhere.

    Advice to Management

    - Invest in your new FP's. The money you save with the sink or swim approach ultimately costs you more since most FP's do not have the resources to survive in that environment and ultimately do a bad job of bringing in clients.
    - Get with the times, and create a greater focus on wealth management. The current way of doing things will become obsolete in the next 5-10 years.
    - Do a better job of training your employees on actual investment education. That way your advisors could bring distinctly more value to their clients than their clients opening a simple Vanguard account


  10. Helpful (1)

    "Internship"

    StarStarStarStarStar
    Former Intern - Intern in New York, NY
    Former Intern - Intern in New York, NY
    Doesn't Recommend

    I worked at AXA Advisors as an intern

    Pros

    During interview, you are given the option to decide if you want to proceed with business development or recruiting

    Cons

    Internship not recommended for graduate students here most of what you do here is very basic what a middle school student could do. Terrible when it comes to responding back to emails... very unprofessional attitude towards interns

    Advice to Management

    You hire graduate interns from the top universities and then make them do copy paste job..relates to Steve Jobs excellent comment on hiring smart people


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