New York Life Employee Reviews

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4.0
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Very stable environment
Associate (Current Employee) –  New York, NYMarch 22, 2019
The company is extremely conservative so it provides a very stable job if you intend to stay with a firm for 30+ years. It is a huge money making machine that is rigid when it comes to change.
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1.0
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Recruiters say whatever will get you to accept employment.
Insurance Agent (Current Employee) –  Timonium, MDMarch 19, 2019
The training is awesome. Depending on people for your living is very unstabil.Support is given to the priveledged. Others work very hard, with a little luck sqeeze by until they fall or become established, More people fail at this oppotunity than succeed. They rent you a work space and do not give a dime or a book of business to assist you.The business modal it built only for the success of NYL and not its agents.It is a white priveledge inviroment.
Pros
Making your own schedule
Cons
No financial base
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5.0
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Great company for career advancement
Managing Director, Divisional Sales Managerl (Former Employee) –  New York, NYMarch 19, 2019
NY Life is a great company for career advancement and industry experience. They offer many career enhancement opportunities especially in the leadership and coaching areas.
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2.0
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Human Capital Value is poor, Management Attrition is high
Insurance Agent (Former Employee) –  San Francisco, CAMarch 18, 2019
NYL fails to retain managers and agents due to the company's inability to promote a healthy sales environment in order to build employee satisfaction. Prospecting for clients takes time and effort, the sales incentive and agent compensation plan at NYL does not provide sufficient income in exchange for the time and effort put in by the agent/employee for the first and second year in production. The commission structure and renewal GRID is to complicated to understand. Not enough team building promoted at the branch level.
Pros
Travel awards from sales production
Cons
Boiler room call nights
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1.0
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Not a Place You Want to Work
Product Manager (Former Employee) –  New York, NYMarch 17, 2019
Avoid as much as possible. Not worth the stress or the headaches. Not very organized. No true project or product management. Making it up as they go along. I was harassed and descriminated against.
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5.0
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Great Place to Be
Agent (Current Employee) –  Hudson Valley, NYMarch 15, 2019
Tons of training, great professional people, and very honest from the beginning. They said it's not easy but if you are willing to put in the work you will get results. Everyone in the office from MP to Agents are all willing to help and are happy to see you succeed.
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3.0
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Boring Suit and tie culture
Web Designer (Former Employee) –  New York, NYMarch 15, 2019
The position I held was challenging in that I had to balance doing the work given and not being bored by my atmosphere. I wish it gave me more chances to be creative with my work.
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5.0
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Rewarding Career
Financial Services Professional (Current Employee) –  Glen Allen, VAMarch 14, 2019
Great place and people to be associated with. It is amazing to be around a group of people who focus on nothing but helping others. It is an honor to be in the presence of and a part of such a wonderful team.
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4.0
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Good Experience and Education
Registered Representative (Former Employee) –  Cedar Rapids, IAMarch 14, 2019
My time at New York Life was a great experience and very helpful education through their NYLIC-University.
The problem I experienced was the expectations changed every time a new regional manager came along (3 in 4 years). The new manager would change everyone's business practice, allowed examples and descriptive stories that were allowed to be told, changed dress code, changed what type of products we were supposed to sell.
Pros
great education
Cons
too high management turnover for any consistency
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4.0
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Good work life Balance
Life Insurance Agent (Former Employee) –  PennsylvaniaMarch 14, 2019
Sales oriented, must sell to family and friends to be successful as an agent at this company. They do provide excellent training so that you can be successful.
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4.0
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new york life
Sr. Account Executive LTC (Former Employee) –  Austin, TXMarch 13, 2019
typical corporate but good benefits and vacation/holidays. good pay and many opportunities to move around. I didn't care much for my manager at the time but all around the companies leadership was solid which I think to be very important
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4.0
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Great company difficult business
FINANCIAL PLANNER (Current Employee) –  New York, NYMarch 12, 2019
You run your own business which is great, because the company supports you all the way. The issue is in the thing that you cannot control. Compensation is too client dependent, and your work life is your personal life and vise versa. There is great opportunity and potential with New York Life, but unfortunately its not for everyone.
Pros
Flexibility, great earning potential, fantastic training
Cons
Only commission, capital intensive (you flush a lot of money into it)
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2.0
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Good pay for people new to the industry
Financial Advisor (Current Employee) –  New York, NYMarch 12, 2019
The pay and incentives are very good if you have a book to bring over or are an extremely good prospector. The onsite middle office people (greater NY) are very responsive.
Management is entirely tone deaf they are giving you a canned presentation every time they talk to you. Unless you are top ten in the office don't expect much support in your first year.
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3.0
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Great expierence
Insurance Agent (Current Employee) –  Woodland Hills, CAMarch 9, 2019
It was great working at New York Life Insurance. New York pride themselves on training there agents in a very regulated industry. When you have been trained by New York Life you are ready for the field to be the best.
Pros
If your a Life agent, then New York is the best
Cons
You have to breakthrough
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5.0
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Great place
Financial Services Professional (Former Employee) –  Fort Worth, TXMarch 8, 2019
It was a great place, why am I having to review the places I worked at when i cam here to find another job, yeesh. It's full commission and their business plan is to hire you, have you market to your network, and if you can make a transition afterwards, great.
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3.0
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Slow to Change
Analyst (Former Employee) –  New York, NYMarch 8, 2019
Family like culture but things are slow to change. There are too many legacy employees that are not performing as well as they should which creates roadblocks for those who are eager to make a change and work.
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5.0
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excellent company to work
Insurance agent (Current Employee) –  Orlando, FLMarch 8, 2019
excellent company to work
train staff to achieve better results with customers
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4.0
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Good place but you need to be a go getter
Agent (Former Employee) –  Waltham, MAMarch 8, 2019
It's a commission only gig. If you can handle yourself and be responsible there is a lot of money to be made. But be warned they have you start off by selling to family and friends.

That said they do educate you and they do have great management that cares how well you do.

Overall a great company. I just wasn't a good fit there.
Pros
Good managment
Cons
A lot of freedom
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5.0
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Institutional investment management
Vice President (Former Employee) –  New York, NYMarch 8, 2019
Consistent investment approach with clear process. Organization values focus and adherence to established practices. Challenging and rewarding, with a supportive senior management.
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4.0
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Good company
Corporate Vice President (Month Year (Former Employee) –  New York, NYMarch 4, 2019
Decent people. Not an exciting place - but if you play along they will pay you well. Good if you are an actuary - which is insurance. If you want a good balance - go there.
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Overall rating

3.7
Based on 1,960 reviews
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3.5Work/Life Balance
3.5Compensation/Benefits
3.1Job Security/Advancement
3.4Management
3.5Culture