AXA Advisors
2.9 of 5 238 reviews
www.axa-equitable.com New York, NY 1000 to 5000 Employees

AXA Advisors Reviews

Updated Apr 15, 2014

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2.9 238 reviews

                             

79% Approve of the CEO

AXA Advisors Chairman and CEO Henri de Castries

Henri de Castries

(56 ratings)

41% of employees recommend this company to a friend
238 Employee Reviews
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Review Highlights

Pros:
  • "Flexible hours, you're in charge of your own future"
    in 11 reviews
  • "Opportunity to make a lot of money, if you work hard enough or get lucky"
    in 6 reviews
Cons:
  • "Sell to family and friends" marketing mentality"
    in 6 reviews
  • "No base salary, heavy sales focus, no formal training"
    in 7 reviews
  • Show more review highlights

Reviews

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Approves of CEO

 

Grinding sales role

Financial Advisor (Current Employee)
New York, NY (US)

I have been working at AXA Advisors full-time

ProsPeople are great and the managers are all incredibly smart and talented.

Conslong hours, 8 to 8 everyday, cold calling is what you'll spend 80% of your time doing.

No, I would not recommend this company to a friend

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Good Learning Experience

Financial Professional (Current Employee)
Houston, TX (US)

I have been working at AXA Advisors full-time for more than a year

ProsFlexible Schedule, Make your own hours, great coworkers

People I worked with were very friendly and helpful when asked a question.

ConsVery sales driven, which is not what I expected. Lots of pressure to hit minimum 'numbers'.

Typically long hours, and not much emphasis on work/life balance.
Lots of fees associated with running your 'business'.

Advice to Senior ManagementBe more upfront about job expectations and during interview process including fees and expenses, amount of time spent in field, income expectations.

No, I would not recommend this company to a friend

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Employment requires more luck than hardwork

Financial Consultant (Former Employee)
Stamford, CT (US)

I worked at AXA Advisors full-time for more than 3 years

Pros*Free to set schedule (most of time, if traditional, or non-RBG group)
*Easy to join even with no finance background; may help you get experience other firms need before they'll consider you.
*Online training and frequent branch training (though sometimes too frequent).
*Cumulative quotas means, if you are lucky, one big case can set you ahead for years. (Though falling behind can also make the next "validation" period much harder.).

Cons*High turnover rate - majority stay less than a year; better (or luckier) offices keep maybe 25% of new hires past 4 years, though a lot retain less than 5%.
*Rigid quotas (Contrary to popular opinion, they CAN make AN exception once if you miss the deadline however it's VERY rare. Even if you do, you must make up the missing production on top of your next quota or else.)
*Sure, can set own schedule, but new "advisors" should expect to spend 80% or more of their time as a telemarketer/mailbox stuffer if you want to stay expect 80+ hrs/wk unless you have a lot of rich friends/family or if you pay for an assistant.
*Cannot retain clients upon leaving. Your accounts will eventually be given out in orphan call lists for other new hires to telemarket. (Note: Plenty of firms do not put a non-compete in their contract.)
*Even if you close more life sales than your peers, a string of bad luck could cause every one of your cases to be rejected by underwriting.

Advice to Senior ManagementBranch and district managers: Thanks for the training and all your support the past three years.
Divisional/national VPs: While quotas are necessary to maintain the bottom line, consider giving un-validated DSF/ESF an option to stay if they pay for their office space/expenses. Thus, those destined to fail no longer suck company resources and those who simply had really back luck with underwriting don't become a competitor with intimate knowledge of AXA's market.

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Excellent experience interning with AXA

Financial Representative Intern (Former Employee)
Bala Cynwyd, PA (US)

I worked at AXA Advisors part-time for more than a year

ProsVery flexible hours. Kind and great working environment with opportunity to succeed. Friendly bosses who want to see you succeed. Knowledge service staff to answer any question that may arise.

ConsLower starting salary for advisors. Unpaid internship originally. Training could use some work and the balance between work and home life is hard.

Advice to Senior ManagementOffer more compensation

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Great

Intern (Former Employee)
Dallas, TX (US)

I worked at AXA Advisors as an intern for less than a year

ProsLots of education, fun environment

ConsInternships don't pay, big office

Advice to Senior ManagementYou're doing well

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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This is where you want to be!!!

Financial Advisor (Current Employee)
Baltimore, MD (US)

I have been working at AXA Advisors full-time for less than a year

ProsGreat Training Programs
Management team is elite
Growth potential is astronomical
Set your own hours
Help is always just a phone call away

ConsLong hours but the compensation makes up for it
For the self starting, determined, hard working individuals only
Difficult for individuals who may need "immediate" compensation

Advice to Senior ManagementKeep doing what you are doing!!

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Working as a Financial Advisor was a great way to get licenses, and a LOT of headaches.

Financial Advisor (Current Employee)
Los Angeles, CA (US)

I have been working at AXA Advisors full-time for more than a year

ProsFairly easy sales quotas, reimbursement for licensing (and thats it) . Lots of turnover means they hire almost anybody.

ConsTerrible managers in the entire WLA office. New hires are brought in to sell to their families and friends and then dumped.

No, I would not recommend this company to a friend

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Good Learning Experience for a salesperson

Financial Professional (Former Employee)
San Juan, PR (US)

I worked at AXA Advisors full-time for more than a year

ProsMy specific supervisor didn't micromanage, I had a lot of freedom with my time, there was a lit of training mostly on thei products and marketing strategies.

ConsCommissions are not as good as other companies in the industry, it actually costs money to work for them, benefits are not very good and you have to pay for most of them.

No, I would not recommend this company to a friend

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RBG may seem like a good niche but doesn't compensate enough

Financial Advisor (Current Employee)

I have been working at AXA Advisors as a contractor for more than a year

ProsBesides management, almost everyone else is new so people are very friendly with one another. Even if new to the financial field, you learn a bit about it.

ConsIt takes a while to do any real business. They want you to first start off with family and friends. It may seem that's part of their strategy because they help you sign them up, and get a % of the commisssion, but won't help you to acquire any new business.

No, I would not recommend this company to a friend

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Not much you can learn

Anonymous Employee (Former Employee)

I worked at AXA Advisors as an intern

ProsIt is a famous company, and so has name value to put on resume. Also, it is in a reasonably nice location.

ConsHard to learn anything since all you do is face the computer to do your assignment. Supervisor is hardly there for you to communicate.

No, I would not recommend this company to a friend

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What we stand for… We connect people in communities with financial services and products that help protect the futures they build for themselves and their families. At AXA Advisors, we work hard to help our financial… Full Overview

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