Vantaggi
Opportunity to obtain Series 7/66 licenses; If you don’t wash out, you can have some success. Series 7/66 is very marketable in the Financial Industry and allows you to find better opportunities after AXA.
Svantaggi
Management tends to mislead and sugar-coat what the job is really about and how your first year or two will go. When you are “hired” initially and after you pass your exams, you enter into a pre-employment period (6 months) where you are an independent contractor of AXA (frees them of liability if you mess up) and must hit a sales quota and a certain number of production credits before you are eligible for your benefits or salary. If you hit your quota, you have what is basically another interview for management to decide whether they want to bring you on full time. If you do not make your quota in the allotted time or they don't want you, you are terminated and you now have a nasty red flag on your Form U4. This will make getting another job in the financial industry difficult . Management will downplay this pre-employment period big time and not say much AT ALL about this period during your interviews if you do not ask and pry, so be sure to do so. They have no skin in the game during this period and it is managements job to heard as many people in. If you don't stick, they keep your contacts. If you stick, you make them money. Win/win. It is very important and I probably would of passed on the job had I known about this, so ask questions!