New York Life - Long hiring process, and it's not clear | Glassdoor
There are newer employer reviews for New York Life
There are newer employer reviews for New York Life

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Helpful (2)

"Long hiring process, and it's not clear"

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

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

Pros

People are upbeat and positive, friendly
Great reputation

Cons

No clear path to hire. Contracts are confusing and seem to contradict verbal explanations. Training seems comprehensive, but no clear process in place. No salary at all provided - it's all commission and can take months to kick in, especially since product training is ad hoc.

Advice to Management

Provide some 'how to' material for new hires that explains the steps clearly. The career training manual is very useful but doesn't really provide a clear idea of what is expected or how it fits into the grand scheme of things.

Other Employee Reviews for New York Life

  1. Helpful (1)

    "Great learning experience and place to launch a financial adviser career."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Services Representative in Baltimore, MD
    Current Employee - Financial Services Representative in Baltimore, MD
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    The best support and financial education.
    Strongest company.

    Cons

    Pay scale is very low; "base salary" only if you hit required minimum goals. Not a true base salary.
    People identify with Life Insurance. Very hard to be a financial adviser when there is a stigma that all you do is sell LI.

    Advice to Management

    Base-salary would be a great boon.


  2. "Overall good opportunity"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Services Representative in Bala Cynwyd, PA
    Current Employee - Financial Services Representative in Bala Cynwyd, PA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Opportunity to make your own schedule and be your own boss
    Unlimited earning potential

    Cons

    Compensation tied to commission
    Commissions can be reversed in the first year

    Advice to Management

    Hire more qualified candidates

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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