Foresters Financial - It was not my best experience. | Glassdoor
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There are newer employer reviews for Foresters Financial

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Helpful (1)

"It was not my best experience."

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  • Career Opportunities
  • Comp & Benefits
Former Contractor - Financial Services Representative in Syracuse, NY
Former Contractor - Financial Services Representative in Syracuse, NY

I worked at Foresters Financial as a contractor (Less than a year)

Pros

Ethical company with a lot of good products.
Friendly people and office environment.
Unlimited income potential as with many financial companies.

Cons

Pure commission makes it tough to get started.
You have to generate your own leads for the most part.
Too much micromanagement on the part of branch managers.

Advice to Management

There should be some kind of base pay or a training stipend at the very least.
More support for reps with respect to finding leads.

Other Employee Reviews for Foresters Financial

  1. Helpful (2)

    "Educational"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Services Representative in Greenbelt, MD
    Current Employee - Financial Services Representative in Greenbelt, MD
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Foresters Financial full-time (Less than a year)

    Pros

    1. commission based salary has a lot of potential for exponential expansion
    2. no background in finance necessary
    3. opportunity to help middle-class americans financially
    4. good initial supervision to get new reps on their feet
    5. management positions can be acquired relatively quickly (w/in 3 yrs)

    Cons

    1. no base salary
    2. product reflects work
    3. aging computers
    4. can get initially bogged down with detrimental clients


  2. Helpful (6)

    "Preys on Recent College Grads"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Services Representative in San Jose, CA
    Former Employee - Financial Services Representative in San Jose, CA
    Doesn't Recommend
    No opinion of CEO

    I worked at Foresters Financial full-time

    Pros

    -Good Location
    -Supportive managers
    -Young Staff is fun

    Cons

    Too many to list...Here are a few
    -100 % commission--you get a % of a % of a %....essentially they are taking a huge chunk of YOUR hard work until you reach level 4
    -In the interview process they make you think you can make so much money on commission and they tell you about convention and all the fun trips to avoid how horrible this job is
    -They make you work 8 hours a day and expect you to be COLD calling every second with NO PAY
    -They make you work weekends..again with NO PAY
    -Must pay 1000$ plus (which you will never get back) for your license
    -The paperwork process is so long, you don't get paid for months
    -I am now in debt
    -Make you get family members and friends involved, only to quit later
    -Many people left after getting their license
    -NO BENEFITS

    Evaluate your options before taking this job. There are so many other options out there that at least pay you a base salary without working all day. You will be in debt before making any money at this company. I wish I knew that before I accepted the offer and wasted my time getting licenses I will never use.

    After you leave they take all your clients and hard work and pass them off to new reps.

    Advice to Management

    Be competitive with other Financial companies by paying a base salary to give some incentive to employees.

There are newer employer reviews for Foresters Financial
There are newer employer reviews for Foresters Financial

See Most Recent

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