New York Life Director Reviews | Glassdoor

New York Life Director Reviews

Updated May 29, 2017
15 reviews

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Director

3.9
Star Star Star Star Star
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Recommend to a friend
Approve of CEO
New York Life Chairman, President and CEO Ted Mathas
Ted Mathas
7 Ratings

Employee Reviews

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Pros
Cons
  • No support on client acquisition they expect you to sell your friends and family members (in 70 reviews)

  • No base salary makes it a difficult ramp period (in 69 reviews)

More Pros and Cons

  1. "Great place to work..."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director of Processing/Operations Consultant in Tampa, FL
    Former Employee - Director of Processing/Operations Consultant in Tampa, FL
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at New York Life (More than 10 years)

    Pros

    You can improve in your career at this fine Company.

    Cons

    Your job may be sent abroad if you are in the wrong profession such as IT.

    Advice to Management

    Nuture the employees you have so that they will think outside the box and improve in their profession.


  2. Helpful (4)

    "Never again"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in Tampa, FL
    Former Employee - Director in Tampa, FL
    Doesn't Recommend
    No opinion of CEO

    I worked at New York Life full-time (More than 3 years)

    Pros

    Good vacation and paid time off policy.

    Cons

    1950s Style Management. Bell curve performance reviews.

  3. Helpful (1)

    "Good Company But Limited Opportunity"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Managing Director in New York, NY
    Former Employee - Managing Director in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at New York Life (More than 10 years)

    Pros

    Good benefits. Some very nice people. Management communicates well.

    Cons

    Major cutbacks going on in finance and technology, with a lot of functions being outsourced domestically and overseas. Employee pool getting younger, with many of the new hires "green around the ears."


  4. "Managing Director"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Managing Director in Westwood, MA
    Former Employee - Managing Director in Westwood, MA
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Ethical and blue chip financial services company. Tries to do the right thing and has incredible resources and market reach.

    Cons

    Sometimes moves too slow on opportunities. Company should be more will to take on risk under the right circumstances.

    Advice to Management

    Keep treating people well. Continue to leverage its brand and distribution to the individual.


  5. Helpful (1)

    "Director - Financial Planning and Analysis"

    Star Star Star Star Star
    Former Employee - Director in Cresskill, NJ
    Former Employee - Director in Cresskill, NJ

    I worked at New York Life (More than 10 years)

    Pros

    Excellent benefits and adequate compensation

    Cons

    The company was a bot too compart,mentalized


  6. "Director"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in Parsippany, NJ
    Current Employee - Director in Parsippany, NJ
    Recommends
    Neutral Outlook

    I have been working at New York Life full-time (More than 10 years)

    Pros

    Strong commitment to customers, core mission, values, integrity. Excellent senior leadership,

    Cons

    None to mention at this time.


  7. Helpful (1)

    "Great company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in New York, NY
    Current Employee - Director in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Good salary, good perks (half day Friday's in summer)

    Cons

    Tough to move up, lifers must leave, health benefits not good

    Advice to Management

    Need to communicate to employees what the business strategy is... Right now, nobody knows.

  8. Helpful (10)

    "High stress environment"

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

    I have been working at New York Life full-time (More than 10 years)

    Pros

    Challenging environment, smart co workers, decent compensation and benefits. Senior management is communicative and keeps us informed, even when they have bad news to share.

    Cons

    Major "transformation" initiative is underway in Technology. In the end we are told there will be a major downsizing in the NY-NJ workforce. Most jobs will be going to India, Dallas, Atlanta. No chance of relo or training. This process is just starting, not clear the impact on specific individuals.

    Knowledge transfer process is also underway. Teams of young Indians come around, interview and record you on what you do, how you do it, etc. Assisting these teams is #1 priority we are told.

    My manager is a micromanager who has lost or fired all his employees over the years. I am the last. Daily 15-20 minute lecture sessions are painful but tolerated. Earned time off is difficult to take - every year most of my vacation time is piled up to be taken in Nov and Dec. when I get lectured on why I should have taken it during the year even though it often was refused to be approved.

    Manager expects you to be working 10-12 hours / day, available on weekends. Does not "get" the importance of American holidays such as Christmas, Thanksgiving, other family time. Vacations in summer with family is more important than vacation in October, November, etc. alone.

    Company used to be a great place to work. Now it feels abusive, unpleasant to come to every day.

    Advice to Management

    Don't promote every good technical person to management. Being qualified technically does not make you a good people person. Force managers to stick to corporate policies and not make their own private HR rules that we need to abide by.


  9. "Great company but light on compensation."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in New York, NY
    Former Employee - Director in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at New York Life full-time (More than 10 years)

    Pros

    Fortune 100 company with strong Balance Sheet
    Employees are mostly collaborative

    Cons

    Comp lighter end for investment management
    Personal Development lighter end with limited training for upward mobility

    Advice to Management

    invest more in professional development and career management of your people


  10. "stable company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in New York, NY
    Former Employee - Director in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at New York Life full-time (More than 10 years)

    Pros

    stable company to work for

    Cons

    limited opportunity to grow your career

    Advice to Management

    be more inclusive give more opportunities to new talent.