Efinancial Reviews | Glassdoor

Efinancial Reviews

Updated February 21, 2017
83 reviews

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Full-time Part-time

2.9
Star Star Star Star Star
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Michael Rowell
29 Ratings

83 Employee Reviews

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Pros
  • You can make good money at first but it is such a grind and there is no end goal or any type of upward track (in 6 reviews)

  • Very fun work environment, very sports centered type of environment (in 5 reviews)

Cons
  • It is a call center environment (in 5 reviews)

  • There were some guys that used to make money like that but they were all forced out or quit (in 4 reviews)

More Pros and Cons

  1. "Burn and Turn"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales
    Former Employee - Sales
    Doesn't Recommend
    Disapproves of CEO

    I worked at Efinancial full-time

    Pros

    You can make good money at first but it is such a grind and there is no end goal or any type of upward track

    Cons

    Being overworked and underpaid for your hard work, bad hours, and lack of any type of management

    Advice to Management

    get it together and make it more of a enjoyable workplace


  2. "Okay"

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

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

    Pros

    They do a good job of creating a fun company culture - work parties, events, etc. Some of the managers were great, though not sure who's working there now. Not a lot of opportunities for advancement in my experience.

    Cons

    this is a call center. Low pay. They make you pay $50 a month for parking. This in Factoria - not downtown Bellevue. Also found out this is the only company in the building that charges employees for parking.


  3. "Some People - only thing remotely holding it together. Process- garbage. Product- garbage."

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

    Pros

    Based on the job description- there should be a lot to talk about here. Based on the actual job- there are not many at all. Some great Agents in the office that make it a manageable place to work.

    Cons

    Just about everything from the day you walk in is a complete joke. Managers are all boys of the VP- most of the managers have actually quit working there and come back.

    You don't even know until your first day that you are technically a "transfer agent." Which is a fancy word for a telemarketer. They don't teach you about what products you have, who your competitors are- most of them don't even know the company is owned by Fidelity Life. They will transfer everyone and their mother over for quotes.

    The place is a legitimate racket- 4 Comp Plan changes in a calendar year. Each one got progressively out of hand. Put it this way- you can technically lose -150% of your commission but only bonus at +65%. In Jan 2017 you had to sell 40k annual premium to hit 24%, new comp plan you have to hit 60k to max your base commish out at 24%.

    Every part of the comp plan is designed to take money out of the Agents pockets and put it back into the companies. This place almost tanked 4 years ago before Fidelity bought it. Tenured agents / employees call it the Wild Wild West- because of all the shady stuff they were able to get away with....some of them are the people now managing the place.

    Lead generation is garbage. Lead distribution is ridiculous. Management will tell you until they are blue in the face there is no lead distribution (we all get the same calls).

    Why would you not give the best agents the best leads? All the employees know it. Biggest problem with the place is zero transparency. They try to make it seem like you reap what you sew, or you get out of it what you put into it. It is a flat out, bold faced lie. There are 40 SR Agents in the office- all 40 will tell you that there is 100% lead distribution and it largely depends on your relationships in the office and the numbers you are currently putting up.

    The comp plan is very strategically designed. If you are having a great first two weeks of the month, than you better get ready to talk with deadbeats (EFIN IDEAL CLIENT) for the rest of the month. The company makes more money by having a bunch of agent meddle in the middle and having commission taken away on multipliers. Agents call them dividers BC the average net multiplier is -15%. The avg agent loses 15% of his commission!!! Sad part is- ppl are happy when it's only -15%. You can technically lose 150% of your commission.

    Place is fundamentally flawed from top to bottom. The VP will go out and "party" w/ agents. Their is no respect for bureaucracy or upper management for a number of reasons- with that being said, they def don't deserve it. It reflects on the company and their procedures as a whole tho.

    Only time in my life where numbers are not truly representative of your performance. The entire place is a facade that many are excited to watch come tumbling down.

    Advice to Management

    Blow it up. All of it.


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  5. "Good place to work."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Development Representative Ll in Bellevue, WA
    Former Employee - Business Development Representative Ll in Bellevue, WA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Fun supportive atmosphere. Shawn Richmond is a phenomenal manager.

    Cons

    Hard commute. Can get pretty loud.


  6. "Business Development Representative"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Efinancial full-time

    Pros

    Good entry level position - no experience or college degree required
    You will get your insurance license paid

    Cons

    Call center environment
    150-200 calls per day
    Promotion requirements aren't clear

    Advice to Management

    Take time to set more clear expectations for those who start as a BDR. Business Development Reps end up frustrated without knowing


  7. "Not the worst not the best"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    You're in control of what you make

    Cons

    Management might be playing favorites


  8. "Job"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Security for your job and finances

    Cons

    Favoritism towards new agents there

    Advice to Management

    Equal opportunity


  9. "Life insurance agent"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Des Moines, WA
    Former Employee - Anonymous Employee in Des Moines, WA
    Doesn't Recommend
    Neutral Outlook

    I worked at Efinancial full-time (More than 3 years)

    Pros

    Good sales job with opportunity to make 6 figures while helping protect people's families.

    Cons

    You will be told to push the product of the parent company even if it is not the best product.


  10. "It is what it is, call center harrassment"

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

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

    Pros

    Good Pay, Laid back office

    Cons

    No growth opportunities, you are clocked constantly (bathroom breaks, time off the phone, time on the phone, etc), call center environment, work is repetitive, coworkers are immature, you don't need a college degree or even sales experience, you need to be an annoying phone salesman to make money


  11. "Account Executive"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Efinancial full-time

    Pros

    Great company to start your sales career with.

    Cons

    Limited room for growth.

    Advice to Management

    Continue to provide sales team with qualified leads and tools to sell.



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