New York Life Reviews | Glassdoor

New York Life Reviews

Updated November 18, 2017
1,929 reviews

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3.4
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Recommend to a friend
Approve of CEO
New York Life Chairman, President and CEO Ted Mathas
Ted Mathas
955 Ratings

1,929 Employee Reviews

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Pros
Cons
  • Another thing - Expect that your manager (managing partner) to push you to sell to your friends and family (in 78 reviews)

  • No base salary, need to know lot's of people to hit sales goals (in 78 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (21)

    "Agent"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - New York Life Agent in Warrenton, VA
    Former Employee - New York Life Agent in Warrenton, VA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at New York Life full-time (More than a year)

    Pros

    The opportunity is limitless regarding moving up the ladder. If you want to go from agent to managing partner, there's a clear cut path to follow. There's no cap on what you make as an agent, which is my favorite part. What you work for - you earn! The Development Managers, Trainers, and Partners at New York Life go above and beyond to help the agents succeed. You just have to put in the effort! It's a commission-only business, so if you don't work, you don't get paid!

    Cons

    You're on your own to grow your business. You find your own market(s), generate your own leads, and work with what you have (or don't have) to make it as an agent. It's tough coming from only having worked the standard 9-5 job, and any real residual is recognized after a full year. No sales, no money. There's no salary and training allowance is paid upon sale of products years 1-3 after hire.

    Advice to Management

    Not much, but I recommend hiring a secretary, Managing Partners. Managing teams of agents is tough, get someone to work the back end for you!


  2. "CFP"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at New York Life full-time

    Pros

    The training program is really great and the provide your fee for the exams.

    Cons

    no base salary, the income is really dependent on your own. If you are not an outgoing person and don't have a lot of connections with people, please just don't take the job.

  3. "Great experience"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    There are lots of mentors and experienced professionals willing to help you succeed and guide you. Regardless of success or failure thee life experience you get here will broaden your perspective in the Work place as well as the world.

    Cons

    Not having a warm market can be a real challenge in this business. You will have to cold call and find clients.


  4. "broker"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    good place to start off

    Cons

    have to work your way to the top


  5. "Data Solutions Developer Intern"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    I had the opportunity to learn a lot of skills on the job, and the people are super friendly.

    Cons

    Not a con for the company, but just my experience -- would have been better to work with a team of full-time data scientists, instead of a group of interns.


  6. "NY not for Life"

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

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

    Pros

    A private company with a long history. Very good benefits and outstanding reputation. Senior management cares about firm reputation, policy holders and employees.

    Cons

    Middle management turnover is high. Causes less interest in the employee experience.

    Advice to Management

    Don't forget about the employees who work very hard for the same causes as you. Ensure the new management is on board with same philosophy.


  7. "Senior Associate"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at New York Life full-time

    Pros

    Financial strong company, Multiple job opportunities, Service community orientated company- Gives back to many different kinds of charities

    Cons

    Work life balance is some divisions does not exist

  8. Helpful (1)

    "Senior Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in New York, NY
    Current Employee - Senior Associate in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Great work life balance and relaxed culture. Finally getting up to date with latest business technology. Implementing student loan repayment.

    Cons

    No career movement. Inexperienced and unqualified people are given the opportunity to become new managers all based on who they know

    Advice to Management

    Develop people who have been in the group instead of allowing others who have never been in the group or done the work to become managers


  9. Helpful (1)

    "Biggest Waste Of My Time"

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

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

    Pros

    They do basically nothing well

    Cons

    No one would assist any of the first time agents on any of the process in terms of taking them out into the field

    Advice to Management

    Change Everything

    New York Life Response

    Nov 14, 2017 – Head of Engagement Communications

    Thank you for your feedback. We are disappointed to hear you didn't have a good experience working with us. Our agents are paired up with a manager who will help them to get their practice up and... More


  10. Helpful (2)

    "Pros & Cons"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    Good work balance, pension option and student loan repayment program are great.

    Cons

    A lot of favoritism when it comes time for upward mobility & salaries are not as competitive


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