Only if you have a substantial professional network - Recensione dipendente - Financial Professional presso New York Life

2,0
14 mag 2024
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Generally good training, managers care. Lots of learning opportunities.

Svantaggi

LOW PAY especially if you do not have a big natural market that you can draw on. I transferred in from a totally different field. The job was sold to me as "our products sell themselves" and something that would get easier and easier as time went on. I was told that $80,000 was a very realistic expectation for salary. My first W2 for work from May to December was for ~$9,000 When I triggered my contract, I almost immediately fell behind and lost my activity stipend. Effectively, I've been working commission-only when I was promised that base pay would be pretty simple to make. Starting my second year, I still need a weekend job when I'm a licensed financial professional. I've heard and seen similar stories from others. NYL depends upon your natural market for business, to the degree that it ends up feeling like a pyramid scheme. DO NOT work here if you are not comfortable reaching out to your immediate friends and family. I could see this company working out for somebody who is coming from a related background (CPA, Banking etc) and already has a large book of professional relationships to call and do business with. I have had an overall good experience with management, but it depends on who you get. Some of the partners are not sympathetic to "excuses."

avatar
Risposta di New York Life
1y
Thanks for your feedback. 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, we offer competitive benefits, as well as a defined benefit pension plan that makes our compensation package one of the best in the industry. During the hiring process, we are sure to provide specific detail on how our commission based structure works. We take your concerns seriously and would like further information. We 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
3 giu 2026
Consiglia
Gradimento del CEO
Pronostico commerciale

Vantaggi

Great brand with high levels of training and support. Good work-life balance and supportive managers who don't micromanage. Benefits include good pay, decent PTO, tuition reimbursement, bonuses. Agents enjoy full autonomy over their schedule, the ability to work with clients they choose, and untapped commission potential. Training is strong, with clear advancement paths toward financial advisor and management roles.

Svantaggi

Commission-only structure. Agents must generate their own leads with no real structure to daily activities.

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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