New York Life Reviews in Parsippany, NJ | Glassdoor

New York Life Parsippany Reviews

14 reviews

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Parsippany, NJ

4.6
Star Star Star Star Star
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Approve of CEO
New York Life Chairman, President and CEO Ted Mathas
Ted Mathas
3 Ratings

14 Employee Reviews

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Pros
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  1. Helpful (1)

    "Cooperative and supportive culture"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Parsippany, NJ
    Current Employee - Anonymous Employee in Parsippany, NJ
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Peers, managers and business partners are supportive and the general culture is a collaborative one. Excellent benefits and generous perks.

    Cons

    The Parsippany office will be moving to Jersey City in the spring of 2016. Even though the new location is a prime property, the increased commute time will not be pleasant.


  2. "Admin professional"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Administrative Assistant in Parsippany, NJ
    Former Employee - Administrative Assistant in Parsippany, NJ
    Recommends
    Approves of CEO

    Pros

    Great environment and plenty of opportunities to volunteer and do community based charity. Plenty of room for growth.

    Cons

    Micro managing within specialty groups.


  3. "Great place."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Associate in Parsippany, NJ
    Former Employee - Senior Associate in Parsippany, NJ
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Excellent work life balance, stability, awesome people to collaborate with depending on the group you are in. Comp above industry average.

    Cons

    Flat organizational structure leaves less room for advancement.

    Advice to Management

    None.


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  5. Helpful (1)

    "No growth"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Parsippany, NJ
    Current Employee - Anonymous Employee in Parsippany, NJ
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at New York Life full-time

    Pros

    Good benefits, great opportunities for volunteering, friendly co-workers

    Cons

    No upward mobility, favoritism, mundane work, high performance doesn't yield appropriate salary increases.

    Advice to Management

    Recognize high performers by compensating them accordingly and show interest in helping employees to grow within the company.


  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)

    "The average American Dream. Slow and steady wins the race type of company."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Project Manager in Parsippany, NJ
    Former Contractor - Project Manager in Parsippany, NJ
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at New York Life as a contractor (Less than a year)

    Pros

    Culture is gentle and friendly, job security is stable, benefits are above average, time-off is flexible. Work-Life balance is accommodating. Work is not terribly difficult, hours rarely go over.

    Cons

    Compensation is on the low-end, career paths are not clearly defined, room for growth is limited. Voices may go unheard at times.

    Advice to Management

    There is room for more incentives, motivation is needed in a slow-pace work environment


  8. "I love the company and the people, just wish it was a permanent position."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Mutual Fund Marketing Associate in Parsippany, NJ
    Current Employee - Mutual Fund Marketing Associate in Parsippany, NJ
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    It is a friendly environment. Everyone is willing to help if needed.

    Cons

    Just the fact that it is a contract position and will be up in June 2014.


  9. "Comfortable place to work."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Parsippany, NJ
    Current Employee - Anonymous Employee in Parsippany, NJ
    Recommends
    No opinion of CEO

    Pros

    Good work life balance, great culture, fun environment

    Cons

    Scarce advancement opportunities, monotunous work


  10. Helpful (1)

    "Fair working conditions"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Parsippany, NJ
    Former Employee - Anonymous Employee in Parsippany, NJ
    Recommends
    Approves of CEO

    Pros

    Work/Life Balance, Easy communication with upper management

    Cons

    Not much opportunity for growth

    Advice to Management

    Work with employees on opportunities for growth and praise their hard work


  11. Helpful (1)

    "It's been positive."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Second Vice President in Parsippany, NJ
    Current Employee - Second Vice President in Parsippany, NJ
    Recommends
    Approves of CEO

    Pros

    Good benefits package. Pleasant work environment. Management is willing to be flexible on work/life issues.

    Cons

    Not enough communication between divisions/departments. Feeling of isolation exists.

    Advice to Management

    The company would benefit from "MBWA" - management by walking around. Although most NYLIM employees are in Parsippany, senior management is located in the New York Office.



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