MassMutual - Financial Advisor | Glassdoor
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There are newer employer reviews for MassMutual

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"Financial Advisor"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Financial Advisor in Chesterfield, MO
Current Employee - Financial Advisor in Chesterfield, MO
Doesn't Recommend
Neutral Outlook
No opinion of CEO

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

Pros

Unlimited potential, you can take days off without needing any approval

Cons

It is set up like a pyramid scheme. You have to pay to work here, anywhere from $300-500 a month. The worst part is everyone gets paid before you. I know one rep that was there made about $3000 the ENTIRE year and only saw $50 of it because the company had their hands in it before they even paid her.

You pay for EVERYTHING, the "salary plus bonus" is a joke and not guaranteed

Extremely high turnover rate

Advice to Management

Don't set new people up to fail and stop hiring new people just to steal their warm market

Other Employee Reviews for MassMutual

  1. "Good career agent model"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Agent in Philadelphia, PA
    Former Employee - Agent in Philadelphia, PA
    Positive Outlook
    Approves of CEO

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

    Pros

    Good products, training, resources & internal specialists w/in office all depends on office you belong to.

    Cons

    100% commission structure is tough. Make sure you screen potential manager carefully if new to business.

    Advice to Management

    Improve ease of using MMLISI platform.


  2. "Great opportunity, only with better attention to producers"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in San Jose, CA
    Former Employee - Financial Advisor in San Jose, CA
    Recommends
    No opinion of CEO

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

    Pros

    Great compensation, benefits and retirement opportunities to agents who are serious about succeeding. Superior permanent Life products that are tops in industry. Well known brand that is conservative in a time when conservative means much to consumers. This company is there to support you if you understand the idea of "What you put in is what you get out".

    Cons

    Products outside permanent life products such as annuities need revamping to get more competitive with industry. The broker dealer needs to get in line with it's view on production as other top B.D's, not limiting Advisers in areas that other top B.D's approve of.

    Management is only as good as the General Agent at the helm of the agency. A compensation structure based solely on commission does not address separate motivational factors and therefore, commission alone will not adequately motivate nor retain a sales force. When there is obvious examples of sarcasm, lack of a serious attitude, as well as a rather negative environment, this can be quite difficult in a career position as a sales professional that is already extremely difficult. This only creates a real and perceived distance between yourself and most team members, as witnessed by a needlessly excessive personnel turnover of higher producing agents, especially when it’s done on the heels of a preference for weak candidates. “Salespeople Don't Quit Companies, They Leave Managers.”

    Advice to Management

    Pay attention to your agents in a way that you (or best practices) expect these agents to pay attention to their top clients(remember the ones who are responsible for our employment through their premiums)


There are newer employer reviews for MassMutual
There are newer employer reviews for MassMutual

See Most Recent

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