New York Life Reviews | Glassdoor

New York Life Reviews

Updated August 14, 2017
1,816 reviews

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1,816 Employee Reviews

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Pros
  • Great training, great environment (in 142 reviews)

  • The 3 year training program is top notch in the industry (in 76 reviews)

Cons
  • Another thing - Expect that your manager (managing partner) to push you to sell to your friends and family (in 75 reviews)

  • Only Commissions no base salary (in 73 reviews)

More Pros and Cons

  1. "Life Product Consultant"

    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

    Pros

    Great devoted workforce
    Good benefits
    Decent products

    Cons

    Technology is lacking
    Old school
    Somewhat political


  2. Helpful (5)

    "Agent"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Good people and nice environment to work.

    Cons

    You have to pay for everything out of pocket. You must be financially stable to work here. It will take several months before you even start to make any money and that is only if you can sell. Very high turnover rate.

    Advice to Management

    Be honest in the interview and explain why there is such a high turnover rate. You make it sound like you will be able to make a lot of money, but it is not that simple.

  3. "Great Benefits and education here."

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

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

    Pros

    They will help you with whatever career path you choose. Benefits are the best and up to 4 weeks paid vacation in your first year.

    Cons

    Pay is not that great to start. Have to work your way up. They do provide you with all the tools to do that if your want it.


  4. Helpful (3)

    "Agent in NJ General Office, Wall NJ"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in Wall, NJ
    Former Employee - Financial Advisor in Wall, NJ
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Flexible Schedule, an entrepreneurial aspect to the job, beneficial training and development from development managers, opportunity to gain financial licensing.

    Cons

    They'll tell you there is a base salary called your "training allowance" of $30k. What they fail to mention is that there is a trial period in which you have to sell a certain amount to qualify for this allowance, and that once you qualify or "trigger" your training allowance varies depending on how much you sell and whether or not you hit your quotas. The average person that stays there for a year will make a good chunk of money in commission and training allowance, but if you fail to sell quickly early on you will lose money by driving to work every day which will mean you are likely to quit after a few months. For this reason the company tells agents to sell to their natural market aka family and friends, which I felt was unprofessional.

    Advice to Management

    Greater transparency about benefits and compensation. Find ways for agents to get clients outside of their natural market. Pay agents hourly for training and for studying to pass financial exams.


  5. "Best Decision"

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

    I have been working at New York Life full-time

    Pros

    All NYL offices are different and the San Antonio office is one of the best. The Managing Partner and the rest of the management team provide phenomenal training for the first 3 years. The job allows you to truly run your own business. There are great people in the office with whom you can collaborate on joint work.

    Cons

    You need to get out of your own head, meaning you need to stay focused on the tasks and not feel personally offended if people don't answer your call or call you back. It is a grind for the first few years, but then you see the agents who are making fantastic money without running around with their heads cut off because they stayed long enough for everything to "click".


  6. Helpful (8)

    "I came in for a job and got a career. There is no glass ceiling here - you are paid what you are worth. Bring it!"

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

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

    Pros

    The easiest way to make a great living without a masters degree coming in the door. Use their systems, take in the education, and you can achieve a meaningful career, make a real difference in people's lives and make an extremely good living. Residual income and pension.

    Cons

    Hard work is needed and a steep learning curve. Not for the faint at heart. Everything is earned and tenacity pays off. Not every day is great and work does not end at 5.


  7. Helpful (1)

    "Be ready to work!!!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Agent in Philadelphia, PA
    Former Employee - Agent in Philadelphia, PA

    I worked at New York Life full-time

    Pros

    Much autonomy! Control your own business. Great training!

    Cons

    Full 100% commission! Long hours 8am-10pm.

    Advice to Management

    Be honest!

  8. "NYL"

    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

    Pros

    Great job security and financial strength.

    Cons

    The pay could be better.

    Advice to Management

    None at this time


  9. "Sales Consultant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales Consultant/Coordinator to A New York Life Agent in Franklin, PA
    Current Employee - Sales Consultant/Coordinator to A New York Life Agent in Franklin, PA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Fast paced, enjoyable occupation. What you do always seems to assist and help people in the surrounding communities

    Cons

    Demands long hours, the work / life balance is out of line.


  10. "Good company that takes care of its people"

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

    Pros

    Good work life balance competitive salary. Good amount of vacation time

    Cons

    The move to Jersey City has been a challenge. Not a lot of opportunities for advancement


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