New York Life Reviews | Glassdoor

New York Life Reviews

Updated December 15, 2017
1,956 reviews

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1,956 Employee Reviews

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Pros
Cons
  • No base salary, need to know lot's of people to hit sales goals (in 81 reviews)

  • Another thing - Expect that your manager (managing partner) to push you to sell to your friends and family (in 79 reviews)

More Pros and Cons

  1. "Fixed Inforce Annuities Representative"

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

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

    Pros

    Working at NYL really feels like working with family. We were a close-knit group, very supportive of each other. I felt a connection to the purpose of my work and that is very important.

    Cons

    It is an old company and sometimes feels like a stubbornness to change is present. The biggest con is no clear career path at the service center in Dallas, almost as if they don't want people to advance and should stay in their roles indefinitely.

    Advice to Management

    Prioritize employee morale, create a career path so people can easily map their time at New York Life and people don't get discouraged feeling as if this is a dead-end job.

    New York Life Response

    Dec 4, 2017 – Head of Engagement Communications

    Thank you for the positive feedback regarding the support you received from your colleagues. We agree that a connection to the work we do at New York Life is important. We also believe that career... More


  2. Helpful (2)

    "Excellent benefits. Limited opportunity for career advancement."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at New York Life full-time

    Pros

    Laid back and friendly work atmosphere.

    Cons

    Limited opportunity for career advancement.

  3. Helpful (1)

    "Bait and Switch"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Dallas, TX
    Former Employee - Anonymous Employee in Dallas, TX
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    Uncapped income potential and flexibility

    Cons

    They dont tell you everything upfront

    Advice to Management

    Be honest


  4. Helpful (1)

    "Agent"

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

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

    Pros

    The Kentucky general office is the nicest place I’ve worked! The people are extremely nice and supportive.

    Cons

    Commission only job is the ONLY flaw I can tell about

    Advice to Management

    A small salary for at least 6-8 months at least would greatly help new agents until they get on their feet.


  5. Helpful (1)

    "Technology Org that is stuck inthe mud"

    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
    Positive Outlook
    No opinion of CEO

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

    Pros

    Wealth of opportunity to change

    Cons

    To myopic and stuck in the mud to get out of their own way

    Advice to Management

    Listen to your technology managers that have real ways to technically turn NYL around and remember the indecisions made on the mainframe elimination are being carried over to other technologies. Change now and pay what it take to save much more and be able to respond to new directions in the future. You cant hire new talent offering DB2 and Oracle as your DB platforms. many of the new developers have never even used these technologies. Oracle is legacy


  6. "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.


  7. 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

  8. Helpful (1)

    "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.


  9. "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


  10. "Agent"

    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 training & support from Partners.

    Cons

    Sometimes it can be difficult to build your own business but it is extremely rewarding.


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