AXA Reviews | Glassdoor

AXA Reviews

Updated June 21, 2017
74 reviews

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AXA CEO Thomas Buberl
Thomas Buberl
5 Ratings

74 Employee Reviews

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Pros
Cons
  • poor work life balance and lots of pressure (in 13 reviews)

  • Long hours and stressful clients (in 15 reviews)

More Pros and Cons

  1. "Run away"

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

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

    Pros

    You get to drop names of other companies and look like a big shot to people.

    Cons

    Very misleading interview process...they make you think that you're gonna get paid more than you actually will in the training phase. Takes forever to get "contracted" and there's a lot of subjectivity (non-measurables) in being contracted rather than objectiveness (taking opinions out of the equation and making a decision based on merit alone). Be prepared to cold call.

    Advice to Management

    Be up front about what you're running - a pyramid scheme. Don't make it look like a great collaborative work environment because the senior advisors are actively using the junior advisors to boost their paycheck and chauffeur them around everywhere.


  2. "Low retention rate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I worked at AXA full-time

    Pros

    A truly diverse workforce and most employees are very friendly. Able to learn about various culture and customs from people from other countries.

    Cons

    Not the best work environment. Their six month retention rate is around 50%, including management. Be aware of this revolving door.

    Advice to Management

    Respect and listen to your employees and their productivity will go up.

  3. Helpful (4)

    "Marketing department a complete mess"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Jersey City, NJ
    Former Employee - Anonymous Employee in Jersey City, NJ
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at AXA full-time

    Pros

    Very flexible WFH if you're a diligent employee and discuss it with your manager.

    I can't speak to any other departments. Somehow they keep winning "Great place to work," so I can only assume other parts of the company are better.

    Cons

    Horrific culture. Jersey City office is half empty and no one smiles or says hello. Walking through the halls, I often had the experience of smiling and saying Hello and receiving only an odd look or averted eyes.

    Marketing is a sinking ship, the CMO was fired a year ago, the department was re-ogranized and broken up to report to the COO. She quit, and they named a new CMO the end of last year.

    Re-orged marketing twice in my short time there, but never changed out the talent. You can't just move around the puzzle pieces when things are so broken. Find the dead weight (there's lots of it) and/or the individuals who do not know who to be a part of a team (many fit the bill) and fire them. Bring in people who will actually get the job done - whether it's promoting top talent from within or searching from the outside.

    Marketing, as a function, isn't appreciated at all by top management, so the budget keeps getting smaller and they wonder why they don't get anything good out of them.

    Too many consultants -- every time you turn around there's another project that's being co-led by an outside consulting agency. They place NO trust in their own full time employees to get things done... then why are we here?

    Advice to Management

    They won't listen...


  4. Helpful (1)

    "Scam!"

    Star Star Star Star Star
    • 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 full-time (Less than a year)

    Pros

    You get sponsored to take the Series 7 exam. You can then use your license to get interviews at more ethical, prestigious, and respectable employers.

    Cons

    The management at AXA are a bunch of liars and crooks. They make absurd claims like you'll make $250,000 your first year. The pre-employment phase (PEP) is basically a slave labor racket which exploits the ambitions of recent college graduates. What they don't tell you in the "interview" process is that most people do not make it out of PEP and those who do make essentially no money for 5 months. Moreover, the amount of time and effort that they demand out of you during PEP is absurd considering that they pay you absolutely nothing. There are dozens of boutique firms in Manhattan where you can do the same exact thing and have significantly more autonomy. On your first day in the office, you find out that, in order to go on contract, you have to obtain licenses in multiple states which you have to pay several hundred dollars for out of pocket. Also, financial advisers at AXA are really just glorified insurance salespeople. The "advisers" at AXA push life insurance on everyone (even people who clearly don't need it) because that is where the most commissions are obtained. If you are interesting in selling stocks, bonds, and mutual funds, forget about working here.

    To be sure, private wealth management is a potentially lucrative field. If you are truly interested in the industry there are far more reputable firms that you can and should consider: Morgan Stanley, Meryl Lynch, UBS, Charles Schwab, Fidelity, Edward Jones, etc. Stay away from AXA.... far away!

    Advice to Management

    Since you pay your employees absolutely nothing, there are limits as to how much you can demand of them and what you can make them do.

    Quit acting like it is a privilege for PEP associates to work at AXA. You are privileged to have people working for you for free, not the other way around.


  5. "Stay Away"

    Star Star Star Star Star
    • 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

    Pros

    Really, there are none. Unless you like being underpaid, not appreciated, and miserable.

    Cons

    Horrible communication. Don't care about employees. Stale environment.


  6. "Intern"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intern in Los Angeles, CA
    Former Employee - Intern in Los Angeles, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Flexible, Easy, Fun, Entertaining, Learning

    Cons

    Everything, Boring, No guidance, Unorganized, Loose Management

    Advice to Management

    Step it up


  7. Helpful (3)

    "Not what they think they are"

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

    Pros

    2 years mandatory weekly and Saturday training that really educate you on their process, products and strategies... after that your on your own

    Cons

    Management has a revolving door of hires so they help for about a year...
    Managers take 1% so you can "make money" then take trails and accounts when people fail out...
    Huge buddy system in our office from upper management all the way down, they make it seem like only a few are allowed to be in certain markets....
    Compliance is a joke...
    Licensing department never on top of things...
    You are paid dollar for dollar called a production credit and they factor out a bonus the following month- however they pay up front for insurance and then recover when insurance is turned down...
    Don't allow 3rd party's on fixed products...
    Answer for everything is put it into Cornerstone (annuities that pays reps 3.25%)....
    Benefits are average bit real expensive...
    We paid for insurance, space, phone, internet, paper, facebook, linkedin...so started out -2600 each month...
    Can't think outside the box..
    They also want your order in life to go AXA, family and GOD...they got mad when I told them that my order was reversed

    Advice to Management

    None...their all in on it which is why the benefits of a manager can't be matched anywhere.... if you will do or recommend things just to pad your pocket then you can be a manager there.... if you have a conscious then you will leave after a couple years or interview elsewhere

  8. Helpful (1)

    "They don't care about you"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Professional in Jacksonville, FL
    Former Employee - Financial Professional in Jacksonville, FL
    Doesn't Recommend
    Neutral Outlook

    Pros

    Easy to get in. Very little assistance and education. Good place to get your certifications and get out asap

    Cons

    They'll fire you if you don't pass your series 7 on the first time. Management sucks. He definitely was compensating for something


  9. Helpful (1)

    "Financial Consultant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Brooklyn, NY
    Former Employee - Financial Advisor in Brooklyn, NY
    Doesn't Recommend

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

    Pros

    Easy to get a job. Flexible hours

    Cons

    Poor management. No training program. You have to carry your own laptop to work, I had to call to tech support every second day because I could not get to my profile or email. You have to pay for everything (only your licenses can be reimbursed) . One more time ---poor unprofessional management.

    Advice to Management

    Take ethics course!
    Respond to emails. Don't be late when you and a new member of your team meet with clients. Be responsible.


  10. Helpful (4)

    "It's a pyrimid scheme!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Boulder, CO
    Former Employee - Anonymous Employee in Boulder, CO
    Doesn't Recommend
    Negative Outlook

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

    Pros

    If you know lots of wealth people who don't know how to invest their monies, then you are a shoe in.

    Cons

    You can take a bus to their downtown office, which is usually empty unless in the hiring faze. High turn over cause AXA ain't that great. Clouds of promises, catch them if you can.

    Advice to Management

    Read people's resumes, be honest about how little money you make, let them know a second job maybe needed to pay the rent, just for 18 month, purposely being late to do interviews says I don't care and hey talk about your products instead of the fancy shoes you buy. I had the rudest interview with one of your blue suit guys. One of those good Ole boys who just couldn't be bothered.


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