New York Life Reviews

Pros

I have worked for a number of financial firms, but none of them have made me feel as comfortable and appreciated as NYL. Usually you're surrounded by people who are laser focused on your faults rather than your successes and make you feel like your job is constantly in jeapordy. But my managers and team mates at NYL make me feel like they want to retain me and promote my growth. I can't say what it's like to be an agent, but working for the corporate side has been an excellent experience. The work can be demanding at times but your team will have your back and support you best they can. They've also been expanding the teams so the individual workload has been reduced and allowed us to give the best service we can to each situation. Especially since they changed my role to full time WFH/remote and it's a standard 40 hour work week, the work life balance is great as long as you're ok not choosing when you take breaks and lunch.

Cons

Initial base pay could be more competitive.

Pros

The best training and support, good commissions, good bonus opps

Cons

Commission based Not as much social media marketing support as I would like

Pros

Right out of college, I had an opportunity with the New York Life. Being young I felt that I was at a disadvantage but I worked hard, I was relentless, and ambitious. My first full year, I was able to make a six-figure income. It wasn't easy but is medical school easy? Is law school easy? The training and development at New York Life was unmatched. I knew nothing about the Insurance and Financial Services industry until I was given an opportunity at New York Life and the training was exceptional and has led me to the success I have today.

Cons

You have to work hard, be relentless, entrepreneurial, invest a lot of time and effort into the business and above all, expect a higher standard of living and strive towards that goal every single day.

Pros

I have worked for some of the most famous corporate companies. NYL is by far the best in every aspect. They take care of their people! Great working environment, exceptionally supportive and everyone from Exec management, team members from Dallas and Cleveland and even the mail room. Everyone is friendly, helpful and genuine!

Cons

wish had more OT available

Pros

You can create your own hours and you pick up a lot of friends along the way, whether coworkers or people you meet networking. If you know a lot of people, are good at meeting people, and have a crazy passion for sales/finance, you'll most likely do just fine.

Cons

100% commission-based pay. It takes a couple years to build a steady revenue if you're good at it. If you can't get in front of someone to make your pitch, you don't know when money is coming in. It also can get in the way of relationships because you will end up calling/reaching out to every single person you've ever met to pitch to them.

Pros

Fair starting pay depending on experience.

Cons

So many changes happening, it's been chaotic the entire time I've been here and there have been a lot of major errors on claims such as payment delays to customers. Bonus payout was much lower than expected for many employees I spoke to.

Pros

Amazing people to work with, flexible schedule, freedom to do what you want as long as goals are hit.

Cons

Reversed commissions (typical in sales), a longer underwriting process makes closing a deal last a while, you have to find your own leads makes your early career a struggle if you don't already have an interested market.

Pros

Nice building, wfh mondays and Fridays and holiday weeks.

Cons

Nepotism is rampant in some departments even though it’s supposedly frowned upon. Fail up managers and micromanagement styles. Takes forever to get promoted because of these cons. Don’t bother reporting inappropriate behavior to HR all they do is give slaps on the hand and your best bet is to try and move to another department or different company.

Pros

Competitive salaries, Benefits are excellent, the opportunity to grow and give back to our communities

Cons

Need to adopt more Six Sigma Lean practices

Pros

New york life has a phenomenal system and process and track record of teaching people how to build an extremely successful career as a financial advisor or in leadership

Cons

The first few years can feel like you’re under paid so that for the rest of your career you can feel over paid