MetLife - Good learning experience, bad compensation program. | Glassdoor
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There are newer employer reviews for MetLife

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Helpful (4)

"Good learning experience, bad compensation program."

Star Star Star Star Star
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Financial Services Representative in Denver, CO
Former Employee - Financial Services Representative in Denver, CO
No opinion of CEO

Pros

Snoopy, flexible work & laid-back environment, good support during the first 19 weeks.

Cons

Most other financial services companies in the industry will pay between 45% and 60% of production with most office expenses paid for. However, MetLife takes half of the production and also charges all expenses to the agent after 3 years. This means that you, the agent, will pay for your office space per sq. feet, your laptop, network access, front desk lady, compliance, chair, postage, E&O insurance, state registration fees, federal registration fees etc. During my 3rd year, my net expenses totaled $22,000 (net out of pocket) just to work for MetLife. I had to PAY them to work there. The problem with this is that the average MetLife agent in 2009 across the US made a gross of $24,000 a year. This meant that the average agent had to use their credit cards to get by and eventually quit with a handful of debt. As long as you understand MetLife's program and what I wrote on here, it's a good experience.

Advice to Management

Be more agent centric with a better program.

Other Employee Reviews for MetLife

  1. Helpful (1)

    "Was awesome and now its changing.. The future is uncertain"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in Somerset, NJ
    Current Employee - Director in Somerset, NJ
    No opinion of CEO

    Pros

    Great Work Life Balance, Great Pay, Great People (when they are not afraid). Challenging work if you can get on the right projects

    Cons

    Lots of outsourcing, lots of change in Sr Leadership, promotions and movements can be unfair

    Advice to Management

    Get it together. Remember what make Met great.


  2. "Unsteady with a lot of hard work."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Inside Sales Associate in Dayton, OH
    Current Employee - Inside Sales Associate in Dayton, OH
    Disapproves of CEO

    Pros

    Great benefits, great time off (4 weeks), base salary for a sales position with a commission program, leads come to you

    Cons

    Multiple incentive plan changes (varied commissions over time for same levels of production), goal is split between existing staff members (so if the staff should be 30 and you've got 25 people on the team, everyone is responsible for the missing five people), difficult to actually use your time off

    Advice to Management

    Minor increases in goals and decreases in pay for certain levels of performance are understandable, but not being able to sustain one incentive plan for a long period of time or fairly increasing goals reduces morale. Professional development is a joke - company acts as if it is important but does not go above and beyond to help you actually "professionally develop" yourself beyond encouraging you to utilize internal webinars or completing your CE credits.

There are newer employer reviews for MetLife
There are newer employer reviews for MetLife

See Most Recent

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