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. "Don't Work for AXA Advisors"

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

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

    Pros

    They have an office to go to every day.

    Cons

    No Management of employees, no instruction on how to become a good financial advisor, the product being offered isn't special and they shouldn't have to cold call your family to generate business.

    Advice to Management

    There are a lot of different pieces of advice I would say to AXA's management, but I'll keep it to three things: I would help your new financial advisors with having a salary until they are good enough to generate the commission on there own, I would have analysts and market trackers in the office to best give the advisors the proper information and I would suggest they have the senior advisors there go through extensive management training to properly train the advisors.


  2. "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

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

    Pros

    Opened my eyes to how unethical people in the work force can be.

    Cons

    No training, no money, upper management consistently lies and makes false promises. There was even some employees there that had been with AXA Advisors for over 5 years and were still making less than 15k a year.

    Advice to Management

    Please stop lying during the interview process.

  3. "AXA Advisors Milwaukee"

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

    I worked at AXA Advisors full-time

    Pros

    Only pro is learning to speak and act professionally

    Cons

    During the interview process, the managers will make things confusing for you to understand. They only pay you about $1000 for your first 3-6 months. You need to get 15 clients before you can be under contract, which is when you would begin getting paid more. You have to pay for all testing, all materials, etc. They will make it seem like you only pay for a few tests, but they don't mention all travel and random classes ranging from $30-$100 that you have to take through them. They hired 10 people with me and after three months only 2 are left (both got set up with rich parents helping them out). They will promise that you will do joint work to help get you on your feet and learn, but this is a lie. They will tell you to go alone to lurk outside schools and businesses and bother people when they want to go home. They don't teach you anything valuable. They also don't care about their clients and fill out all compliance paper work listing random things they say the client wants when they are just trying to suck up the most money possible from unsuspecting clients. Biggest scam ever. If you have any questions about AXA Milwaukee or AXA in general, go on LinkedIn and find people who formally worked there and reach out to them.

    Advice to Management

    Care about the young people you hire, not just yourselves.


  4. Helpful (1)

    "agent"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Insurance Agent in Baton Rouge, LA
    Former Employee - Insurance Agent in Baton Rouge, LA
    Doesn't Recommend
    Neutral Outlook

    I worked at AXA Advisors full-time (More than 10 years)

    Pros

    Freedom to market and sell who you want.

    Cons

    Too much compliance, harsh underwriting

    Advice to Management

    Respect the agents, listen to the agents.


  5. Helpful (3)

    "Sales force associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Consultant - Sales Force Associate in New York, NY
    Former Employee - Financial Consultant - Sales Force Associate in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Can make a lot of money.

    Cons

    From the moment I walked through the doors it was not a good place to be. They tell you they will cover your costs of studying for exams, but never pay you back. It is %100 sales and you spend your days cold calling. The management was rude and did not care about their employees, only the money they would make off of their sales. Also do not care about their "clients"needs and push the same products on all of them.


  6. Helpful (1)

    "AXA needs to refocus and care about its agents"

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

    I worked at AXA Advisors (More than a year)

    Pros

    Great resources as far product-related material and one can learn a lot about financial products on your own. Good support from immediate supervisors at branch level. Team members tend to work well together.

    Cons

    Overall compensation model sucks and was definitely not designed in the agents' interest. Benefits are third rate or lower. Employees at Headquarters in NYC and supervisors at Operations Center in Charlotte, NC seem very detached from agents in the field or at branch level. One can count on Underwriting to be uncooperative and counterproductive most of the time.

    Advice to Management

    At branch level, managers should continue to improve on their support of agents. At NYC headquarters and at Operations in NC, managers should remember that without agents in the field, they would not have a job. So they need to get off their high horses.


  7. Helpful (2)

    "Terrible place to work for admins"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Most co-workers were friendly, managers not so much.

    Cons

    All female staff left, good ole boys club!

  8. Helpful (2)

    "Don't"

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

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

    Pros

    Pay well in the first year

    Cons

    Allow those who make management money to do and say whatever they want.

    Advice to Management

    Institute a zero tolerance policy for sexual harassment, don't transfer the offender to another branch


  9. Helpful (1)

    "AXA Advisors"

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

    Pros

    Possible potential for high play

    Cons

    everything else is pretty terrible

    Advice to Management

    manage your employees


  10. "Financial Advisor"

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

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

    Pros

    Overall AXA is a good company. There are Mentors that are truly interested in your success.

    Cons

    Managers that are not sensitive to diversity which includes women, working mothers and people of color. I can't speak for all branches, but the San Francisco branch is like a car salesman. They do not do holistic comprehensive Fact Find. They only care about the numbers and volume.
    Managers rush a sale to make numbers. And when numbers are not made. They blame the advisors. When you complain to upper management, they defend their managers because they only look at the numbers. Just because a manger makes a sale and it looks great on paper, it does not make them a great manager that truly cares about the success of their advisors. The SF office is a young office of 20 years old advisors and 30 year old managers that shoot from the hip. They do not bring value to the table. I have lost a few sales because of this.
     It is not an environment for mature women and working mothers. The managers do not care. They hire diversity for for quota only. There is much prejudice in the office, unless you are willing to be whorish to save your position.

    Advice to Management

    Take a lesson on management and diversity, not just look at numbers, but be truly sensitive to diversity.


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