New York Life Reviews | Glassdoor

New York Life Reviews

Updated January 20, 2019
2,294 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
1,127 Ratings

Employee Reviews

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Pros
Cons
  • "expect you to sell to all your friends and family before really teaching you anything" (in 94 reviews)

  • "no base salary and very few leads" (in 93 reviews)

More Pros and Cons

  1. "Great Place to work!!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Specialist in New York, NY
    Current Employee - Specialist in New York, NY
    Recommends

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

    Pros

    Everyone on the team is very helpful and asking questions is encouraged.

    Cons

    Fast paced environment. A lot to learn


  2. "Overall good company to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Underwriter in Tampa, FL
    Current Employee - Underwriter in Tampa, FL
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at New York Life full-time (More than 8 years)

    Pros

    Great incentives like time off, pension, 401K and career enhancement opportunities with growth.

    Cons

    Pay and bonuses could be better and dinosaur age technology.

    Advice to Management

    Keep open door policy, be more direct and implement more fair practices among all direct reports/employees.

  3. "great"

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

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

    Pros

    You make your own schedule, great management

    Cons

    Commission only, therefore it is hard to determine your income

    Advice to Management

    n


  4. "Fantastic"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Administrative Assistant in Dallas, TX
    Current Employee - Administrative Assistant in Dallas, TX
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Flexible schedule
    Intelligent people
    Business-oriented
    Fun loving people
    Extremely helpful

    Cons

    They are different throughout your work. None to pin point.


  5. "Sales"

    StarStarStarStarStar
    Current Employee - Agent in New York, NY
    Current Employee - Agent in New York, NY

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

    Pros

    Independence - you make your own schedule and have the potential to make a lot of money

    Cons

    Sales - if you don't have people to sell to, you aren't making money.


  6. "Good Environment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Insurance Agent in New York, NY
    Current Employee - Insurance Agent in New York, NY
    Approves of CEO

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

    Pros

    This company has many resources to assist you with your development.
    There is a lot of diversity in the workplace.
    Benefits are good.

    Cons

    There is a high turnover rate for new agents because it is mostly commission based.


  7. "Great Place for Those Looking to Take Control of Their Future"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Registered Representative in Atlanta, GA
    Current Employee - Registered Representative in Atlanta, GA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    After working 15 years in corporate and public sector, I was looking to pivot my career towards something where I see the fruits of my own labor and drive my own destiny rather than hoping a manager gives me a 2% raise. If this is you as well, then New York Life may be a fit for you.

    Other pros:
    - best training in the industry
    - managers/partners really care about teaching others to be successful
    - opportunities to specialize in a particular area of financial services
    - unlimited earnings potential

    Cons

    Just like everything else, there are cons:
    - everything must be earned through performance. This may be a big issue for those used to, or expecting, a base salary
    - having to figure out how everything you learn in training fits together
    - growing pains that come with learning a system

    Advice to Management

    A mentor program between established agents and dedicated new agents would be very helpful and help with talent retention.

  8. "Agent"

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

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

    Pros

    Exceptional training and support.
    Professional attitude and approach to the business of poviding he GitHub olutions o Clint needs.

    Cons

    The industry requires consistent effort and a committment to constant growth .
    Not for everyone.


  9. "Great Company"

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

    I have been working at New York Life full-time (More than 8 years)

    Pros

    Great Company to work for!

    Cons

    I cannot say anything bad about the company.

    Advice to Management

    !


  10. "Financial services professional"

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

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

    Pros

    Grest company culture. A challenging but very rewarding career if you stick with it.

    Cons

    All commission starting out until your renewals and risdual income kicks in.