New York Life - The experience at New York Life, so far, has been excellent. | Glassdoor
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There are newer employer reviews for New York Life

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"The experience at New York Life, so far, has been excellent."

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Financial Services Professional in Waltham, MA
Current Employee - Financial Services Professional in Waltham, MA
Recommends
Positive Outlook
No opinion of CEO

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

Pros

In control of your own business. Get to be your own boss and drive your own income with no limits from the get go. The eduaction you get at New York Life is second to none.

Cons

The freedom is a double edged sword. You have to be a driven person to work here. Not for everyone. Too easy to sit back and not do anything. If you do that you wont recive an income.

Other Employee Reviews for New York Life

  1. Helpful (6)

    "RUN the other direction, this company acts as old as it claims to be..."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Agent in Seattle, WA
    Current Contractor - Agent in Seattle, WA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at New York Life as a contractor

    Pros

    Training by the Career Development team are second to none. Legal Compliance Officer the Best.

    Cons

    Where to begin...? First: Do yourself a favor and do your research on this company on Glassdoor...
    Take the advice from most on here, most of it is spot on truth. Print or make a list of both the positive and negative info that concerns you, and bring it with you on your first interview. When the interviewer asks you if you have any questions regarding this office, use your list and ask. See if you get the responses that are reasonably truthful and satisfy your concerns. Use your intuition, and watch closely for vague and misdirected answers.
    Each region has its problems, but I will stick to Seattle West...Remember that there is a high turnover in this business and they only work with the people who have connections and are well capitalized. Figure you got about three intense months of them helping you before they start pulling back. Don't believe the hype about T.A.S. If you're young, coming out of college and are tech orientated do not even think of signing up! If you have any type of tech background, etc do not torture yourself with this outfit.
    If you do decide to come aboard, then get your Series 7, not the 6, why? because if you get weeded out or decide its not for you, you will have a better chance at getting a better job at any financial firm, don't let them tell you different, get a 7. Make sure you have set aside a minimum of a years worth of money to pay bills, live at home or have a spouse who can support you as you learn the biz.. Located in one of the most tech savvy areas of the U.S., one would think a Company such as this would pay for the very best, up to date, state of the art software platforms, phone systems, social media, advertising, etc...Nothing could be further from the truth. This company has NO CLUE when it comes to tech. They are living in the 20th Century with 20th Century style platforms that don't work, crash and overall create nothing but headaches to a new agents success. Add to that the 19th Century style Paperwork, the SLOW underwriting, nitpicking backoffice. Oh, and can you believe that this office doesn't even have a single in house tech to help the new and especially old agents with their equipment? In Seattle of all places! Can you believe it? Believe it. All of your equipment, laptops, phones, etc are bought by you. They demand to put all their spyware on all of your equipment along with overseeing your Social Media and did I forget to tell you that they charge you for monitoring your Social Media? Yes thats right. This company cares only about itself, you are just a number. There is more, but enough said. Lastly, prepare to waste a-lot of time, money (parking garage & gas) and patience every Monday at the Bellevue office. This is the creme de la creme of working at Seattle West, the icing so to speak with the required Red Hot Monday. You are required to sit through a minimum1.5 hours listening to the Senior Managing Partner. This guy literally will make you sit listening to his Tony Robbins style ego infused... usually 2 hour long diatribes on whatever flavor of the moment new age rhetoric that crosses his mind.

    Advice to Management

    Join the 21st Century


  2. Helpful (3)

    "Tough environment with very little support"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Agent in Bala Cynwyd, PA
    Former Employee - Agent in Bala Cynwyd, PA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at New York Life full-time (Less than a year)

    Pros

    Easy to get a job here

    Cons

    Your success really depends on the manger you get placed with. I got stuck with a frat boy who was still reliving his college days, coming in late and expecting the rest of us to stay late with him. The hours look ideal because there is a lot of flexibility to make your own schedule. There is no "base salary" which they try to sell you on when they offer you the job. They 'match' what you make in commission which since you spend the first month or so in training meetings, there isn't much (if any) of. They ask you to essentially create a list of the 200 people you have know and then start setting up meetings with them and selling them life insurance. It's awkward. If you don't do it, they will have other people in the office start calling on your list. There is no leadersihp in the office because at some point, agents get senior enough to just work from home/ "have meetings" all day. The make you pay for upfront the tests you need to take to be an agent and they aren't cheap.

    Advice to Management

    make sure your "partners" are mature enough to handle their jobs/training responsibilities
    offer some kind of base (even if it's minimal) to really convince good people to take and stick with the job

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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