New York Life Reviews | Glassdoor

New York Life Reviews

Updated May 24, 2018
2,091 reviews

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3.5
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Recommend to a friend
Approve of CEO
New York Life Chairman, President and CEO Ted Mathas
Ted Mathas
1,034 Ratings

2,091 Employee Reviews

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Pros
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More Pros and Cons

  1. Helpful (1)

    "Former Agent"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Agent in Los Angeles, CA
    Former Employee - Agent in Los Angeles, CA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great opportunities and continuing education provided for agents

    Cons

    Compliance policies can become more accommodating to agents for marketing purposes

    Advice to Management

    Keep up the great work!


  2. "Agent"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Great company with great people. Top notch training provided and management really wants you to succeed

    Cons

    Not your typical 9-5 job if that’s what you want

  3. "It’s what you make of it"

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

    I have been working at New York Life full-time (More than 3 years)

    Pros

    Unlimited Commission potential. Great learning experience about financial and insurance industry. It combines my personal passion for meeting new people, and getting paid to educate clients on their financial options and literacy, and crafting strategies for them.

    Cons

    Unsteady paycheck due to 100% commission based salary. Most of your first few years will be spent personally prospecting for new leads and clients, so if you are not good at meeting new people and securing appointments you will struggle.

    Advice to Management

    More streamlined marketing & prospecting compliance procedures. Everything, and I do mean everything you create or adapt must be pre-approved, which is understandable, but the process is slow, absurdly narrow adaptability, and arduous.
    Also, the communications compliance rules can use a technological update


  4. "Senior Specialist of Institutional Annuities"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Jersey City, NJ
    Current Employee - Anonymous Employee in Jersey City, NJ
    Recommends
    Positive Outlook
    Disapproves of CEO

    I have been working at New York Life full-time (More than 3 years)

    Pros

    Work Life balance and company culture are excellent.

    Cons

    Management is sometimes slow to adapt and technology is outdated.

    Advice to Management

    Invest in technology to remain competitive.


  5. "Partner"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Excellent training program. Career advance opportunity. Unlimited income potential

    Cons

    Relocation to advance in management

    Advice to Management

    hire assistant to do administrative works so you could focus on growing your team


  6. "Great place to work!"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at New York Life full-time

    Pros

    The company truly shows they care for every employee and your colleagues are genuinely caring individuals

    Cons

    No cons of working here!


  7. "Sales agent"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales Agent in Timonium, MD
    Current Employee - Sales Agent in Timonium, MD
    Recommends
    Positive Outlook

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

    Pros

    Great support group, ability to make unlimited income, and flexible work schedule.

    Cons

    100% Commision Based Compensation. High turnover

    Advice to Management

    Find a better way to retain agents.

  8. Helpful (1)

    "Training and Support are Awesome!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Agent in Austin, TX
    Current Employee - Agent in Austin, TX
    Recommends
    Approves of CEO

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

    Pros

    Pay is great. Training Allowance is awesome. Staff is great. The Executive Partner, who happens to be my direct partner, William Crossan III and his Director of Operations, Donna Willard have been invaluable in helping me establish and grow my business. They have guided me with advice. Supported me through training and assistance when needed.

    Cons

    Growing your business can be a slow process and pay depends on production.


  9. "National Financial Advisor Churning Factory"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Vienna, VA
    Former Employee - Financial Advisor in Vienna, VA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at New York Life full-time (More than 5 years)

    Pros

    Met some good people in local office.

    Cons

    National office does not care about team; they churn through thousands of people continuously.

    Advice to Management

    Talk to Advisors before making impactful decisions.


  10. Helpful (1)

    "Old school sales"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at New York Life full-time

    Pros

    There is an uncapped income limit

    Cons

    It is a sink or swim commission based, generating your own leads, outside sales role with 0 support .


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