New York Life - Things will only get better! | Glassdoor
There are newer employer reviews for New York Life
There are newer employer reviews for New York Life

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Helpful (7)

"Things will only get better!"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Financial Representative in Waltham, MA
Current Employee - Financial Representative in Waltham, MA
Doesn't Recommend
Positive Outlook
No opinion of CEO

I have been working at New York Life full-time (Less than a year)

Pros

- Company has maintained highest possible financial ratings over the past 5 years (current surplus account balance is greater than FDIC)
- Uncapped earnings potential.
- Strong training program.
- Overall positive team environment.

Cons

- No base salary (you will invest in the company before they invest in you).
- Uncapped work hours (you will work nights and weekends.)
- Management title precedes Series 7 examination sponsorship (you have to be a partner before you can take the series 7)
- Disapproving market (people will tend to avoid you. They can smell insurance breath!)

Advice to Management

- Reduce abnormally high turnover rate by offering base salary as offered to first year employees of Edward Jones, Charles Schwabb, and Ameriprise.

New York Life Response

May 28, 2013 – Sr. Partner

Thank you for adding your feedback. However, it is not true that one must become a manager before obtaining their series 7 license. Managers are required to have the series 7 because they need it ... More

Other Employee Reviews for New York Life

  1. Helpful (1)

    "Good working environment that stresses employee well being"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Compliance Associate in Sleepy Hollow, NY
    Current Employee - Compliance Associate in Sleepy Hollow, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at New York Life full-time (More than a year)

    Pros

    Strong emphasis on employee well being and benefits. Relaxed work environment.

    Cons

    Difficulty to advance due to newly formed employee hierarchy

    Advice to Management

    Don't announce that layoffs are coming and then drag the process out for 6+ months


  2. Helpful (1)

    "It's a good traditional company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Java Developer in New York, NY
    Current Employee - Java Developer in New York, NY
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at New York Life full-time (More than 5 years)

    Pros

    Work life balance is very good

    Cons

    there is too much politics

    Advice to Management

    N/A

There are newer employer reviews for New York Life
There are newer employer reviews for New York Life

See Most Recent

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