Prepare to have your spirit broken - Recensione dipendente - Financial Advisor presso New York Life

1,0
18 giu 2018
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

- pay for licensing (but not past a 63) - training (only for insurance) -generally friendly co-workers

Svantaggi

1. You will pay for everything under the idea that this is your business. However, you have no choice on your numbers or goals (but will be buying printer paper) 2. Mandatory awards breakfasts, punishment/trainings if your numbers are not what management wants to see 3. Flat refusal to transfer you from a partner who lies to you. 4. Partners who care more about their bonuses than your personal goals/mental health 5. Cult-like atmosphere of NYL being best company ever, and if you fail it's your fault 6. Managing partners who refuse to take "no" for an answer - instead you're just not a good team player 7. In order to survive, expect that you will have to make life insurance sales to people who don't need them, or don't need them as large as you do. Also expect to not be the best advisor to your clients because they won't let you learn about the larger investment markets until you've hit something called council twice. Everything is geared towards council - a few days "vacation" for you, while you mostly sit in meetings all day. 8. You know that office friend you like? Expect them to be gone in less than a year. Also expect everyone to say that it was somehow their fault. 9. Maternity leave, sick pay, FMLA is ridiculously hard to apply for or get approved. 10. Don't expect anyone to actually have the answer you want - either they don't know or don't have the time, so expect to spend a long of time on the phone with the service centers. 11. Reversals - if your client changes their mind, you will be paying the company back out of your own pocket.

avatar
Risposta di New York Life
7y
Thank you for taking the time to share you feedback, a successful career as an agent requires dedication and commitment. We understand that starting out in this career is not always easy and our continuous training and support is often recognized as one of the best in the industry. An important part of an agent’s success is the ability to engage consumers, network and develop relationships which is why we offer extensive coaching on prospecting and selling. Our agents are compensated for the work through commissions. Being commission based puts you in control of how much you make, which can be both exciting and challenging. In addition to commissions, we offer competitive benefits as well as a defined benefit pension plan. During the hiring process, we are sure to provide specific detail on how our commission based structure works. We take your concerns seriously and encourage you to email us at helpusimprove@newyorklife.com if you would like to share specific details about your experience.

Esplora altre recensioni su New York Life

5,0
11 mag 2026
Dipendente anonimo
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Great culture and leadership team.

Svantaggi

None as yet so far

5,0
9 ott 2015
Dipendente anonimo
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

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.

Svantaggi

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.

251
avatar
Risposta di New York Life
9y
Thanks for taking the time to share your feedback – we appreciate it. As you say, a successful career as an agent requires dedication and commitment. For many, including you, the professional rewards are worth it. But we do understand that starting out in this career is not always easy. That’s why we offer new agents continuous training and support, to give them the advantages they need to succeed.
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