New York Life - Tough job | Glassdoor
There are newer employer reviews for New York Life
There are newer employer reviews for New York Life

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"Tough job"

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

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

Pros

Sales Experience, have the opportunity to learn various financial products

Cons

long hours and straight commission is rough

Advice to Management

give a base pay and hire the best to get the best

Other Employee Reviews for New York Life

  1. Helpful (7)

    "Insurance Factory"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Insurance Sales Agent in Denver, CO
    Former Employee - Insurance Sales Agent in Denver, CO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Name recognition and national marketing makes it easy to explain your job. People know about the company and what it's about.

    Cons

    Company uses outdated sales techniques and sales scripts that are very tacky and not natural. Promotions are determined on how much you suck up to management rather than your performance. Company pushes whole life insurance policies to all clients regardless of they need it or not.

     Sales managers are overwhelmed and do not help much, nor do they seem to care. Branch senior managing partner is out of touch and overdue to retire. Sales managers are promoted after 2 years of sales experience, so some are young and very inexperienced.

    Training is not individualized and partners do not help. Many promises about training did not happen, such as I was told the sales manager would come to appointments with me. Other agents complained about pay and being micromanaged by sales managers.

    Company makes you pay for every little thing and charges you extra for basics such as business cards and printing paper.

    Advice to Management

    Salesmen don't always make good sales managers. Update your company to the 21st century or risk being history.


  2. Helpful (1)

    "Good start out company. Definitely not a career job."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Insurance Agent in Stratford, CT
    Current Employee - Insurance Agent in Stratford, CT
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Management tries to work with what they have, the best they can. training is good. The people are down to earth.

    Cons

    1 working computer for 100 agents will not do the job. too many expenses you have to pay for on your own. TECHNOLOGY IS FROM 1990. The software would not even run on my macbook. They tell you to "buy a new computer". They have certain times you must be in the office. It wastes gas and time. NOT PAPERLESS. OUT DATED EVERYTHING.

    Advice to Management

    Go paperless. Use modern technology to get clients. No one likes to talk on the phone anymore yet it is the MAIN channel you want us to communicate with clients through? It is not practical to DRIVE to a client to do a needs analysis. Pre qualifying needs to be done better. NEW YORK LIFE needs to come up with a lead generating system. NYL needs to set up child ID events for the agents. Agents literally do everything expenses incurred and all. You might as well go work for a broker because its exactly the same except you have to answer to management. HIRE A MODERN MARKETING COMPANY.

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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