Financial Representative - Anonymous employee Foresters Financial Employee Review

2.0
May 2, 2016
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

They pay for your licensing and study time with no contractual obligations (unlike other firms). My branch manager really cared about the new reps.

Cons

It looks like Foresters invested some serious time writing all of the recent 5 star glassdoor reviews.... Anyways, while the licensing process cannot be beat, everything else can. Once you pass your Life, 6, and 63, you can say goodbye to your friends and family. As a new rep, you are expected to work 60+ hour weeks making minimum wage. In these 60+ hour weeks, you are expected to set appointments/sell life insurance to your friends, family, and people you haven't talked to in years. If you do not have the correct amount of appointments (10) you will be in the office until 9pm cold calling people who have no interest/affiliation with Foresters. Your cold call lists are pretty much the yellow pages/ phone book. If you make it to I/C you say goodbye to your salary and are scraping pennies for the next few years. There were people in my branch that ended up spending all of their money prospecting for new clients and were completely fine with breaking even month after month. My advise to anyone interviewing/thinking about joining is this; If your want to start in finance, this is a good first step. Get your licenses, avoid drinking the Kool-Aid, get a job at another firm.

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5.0
Apr 2, 2024
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CEO approval
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Pros

Really knowledgeable colleagues who helped get you off your feet

Cons

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4.0
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CEO approval
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Pros

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Cons

Sudden separation and sudden layoff

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