New York Life Reviews | Glassdoor.ca

New York Life Reviews

Updated Nov 13, 2019

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3.4
57%
Recommend to a Friend
88%
Approve of CEO
New York Life CEO Ted Mathas
Ted Mathas
1,232 Ratings
Pros
Cons
  • "Working for 100% commission can be difficult and isn't for everyone(in 109 reviews)

  • "try to "market" but really sell to your friends and family(in 102 reviews)

More Pros and Cons
  1. "ok"

    StarStarStarStarStar
    Current Employee - Anonymous Employee 

    I have been working at New York Life full-time

    Pros

    good working environment for employee

    Cons

    no work life balance. too much

    New York Life2018-12-25
  2. Helpful (2)

    "Sales"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Senior Sales Consultant in Windsor, ON
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at New York Life part-time for more than a year

    Pros

    Great training for new hires.

    Cons

    Management only care about their own asses

    New York Life2013-09-05
  3. "(Former) Life insurance agent"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Insurance Sales Agent 
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at New York Life full-time for more than a year

    Pros

    They always had events going on for everyone to attend, they encouraged you to be the best you can be, no sucking up to management needed because you get a personal review every 6 months to determine your raise based on your numbers.

    Cons

    The hours kind of sucked if you got a later shift, they don't do shift bids so it's hard to get a decent schedule, and the sales agents aren't commission based so it's good when times are slow but bad when its peak season.

    New York Life2019-11-12
  4. "Believe In Yourself"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Agent in Edina, MN
    Recommends
    Approves of CEO

    I have been working at New York Life full-time

    Pros

    If you have the Passion, Dedication, Hard Work and Love for the Community this career is for You. Focus on the Long Term Goals. It may not always be easy to get going at first but if you believe in the Company and the products, the quality of services you provide with reflect by Believing in Yourself!

    Cons

    Must be able to work as individual - have a Target Market and/or community involvement to help boost the career in the first few years.

    Advice to Management

    Hire the Best Individuals with Long-Term Goals not only for themselves but also for the Company. Invest in Training and Cultivating Relationships with New Org and partner them with Establish Agents to develop a successful career path.

    New York Life2019-11-07
  5. "Really good company that wants you to grow, with plenty of benefits"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Customer Service Representative in Dallas, TX
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at New York Life full-time for more than a year

    Pros

    Everyone in the company is helpful, and truly wants to help you progress your career. Plenty of room for growth, professional work environment and many benefits. Will pay to further education and also will pay back current student loans

    Cons

    Company does not offer monthly bonuses, no real way to track performance.

    Advice to Management

    Monthly or quarterly bonuses would be a nice perk

    New York Life2019-11-07
  6. "Great Company!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Agent in Spokane, WA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at New York Life full-time for more than a year

    Pros

    Great flexibility, high income potential. Amazing support.

    Cons

    Can be difficult in the beginning to acquire clients.

    New York Life2019-11-06
  7. "Love it here"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Financial Services Professional in Dallas, TX
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at New York Life full-time for less than a year

    Pros

    Great pay in comparison to other financial firms as long as you’re not completely lazy. You get to make your own hours. Training is constant and very helpful. You’ll build skills here more than any where else. Wide variety of where you can take your financial practice. Limitless income. You can make $50k a year or $20Million, depends on your work ethic.

    Cons

    Not really a con. If your new or considering, just hit the ground running fast. Don’t be a lazy recluse and you’ll do great.

    Advice to Management

    Love the culture. Keep it up!

    New York Life2019-11-06
  8. "great potential but hard work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Agent in Charlotte, NC
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at New York Life full-time

    Pros

    solid training and career potential if you put the work in

    Cons

    have to find your own leads and high turnover rate

    New York Life2019-10-31
  9. Helpful (1)

    "Good Benefits"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Recommends
    Approves of CEO

    I have been working at New York Life full-time for more than 8 years

    Pros

    Great benefits, 401(k) with company match up to 5%, one of few places that still has a pension plan, generous vacation time.

    Cons

    It’s nearly impossible to change the company culture of “we’ve always done it this way”, and the offices are VERY gossipy and political. It’s not what you know or how well you perform, it’s who you know that gets you promoted.

    Advice to Management

    Start being fair.

    New York Life2019-10-26
  10. "Agent"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at New York Life full-time for more than 5 years

    Pros

    Great training provided for agents new to the business

    Cons

    Limited broker-dealer relationship, training slows after 3 years. So much more to learn

    Advice to Management

    Don't forget about agent development from year 4+

    New York Life2019-10-29
Found 2500 reviews