★
New York Life Reviews
63% Recommend to a Friend
84% Approve of CEO
Recommend to a Friend
Approve of CEO
Craig DeSanto
266 Ratings
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Top Review Highlights by Sentiment
Excerpts from user reviews, not authored by Glassdoor
Pros
- "Great work/life balance (though the tighter restrictions and rules around Work at Home has gotten ridiculous)" (in 147 reviews)
Cons
- "The reason someone makes a good manager at NYL is because they know how to sell people." (in 86 reviews)
- "Even more of a deathknell, upper management is slowly outsourcing every department." (in 33 reviews)
Ratings by Demographics
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Found 4,408 of over 5K reviews
Updated Sept 21, 2023
Popular
- Popular
- Most Recent
- Highest Rating
- Lowest Rating
- 5.0Sept 19, 2022Sales AssociateCurrent Employee
Pros
everything was so wonderful and fin
Cons
nothing was bad at all tbh
- 4.0May 3, 2023AnalystCurrent EmployeeNorth York, ON
Pros
good pay, good people, hybrid work
Cons
management not paying attention to employee development
Join the New York Life team
I was recently offered a FinAdvisor at New York Life with a base of around $63k and commission of 55% AP per sale. From my initial discussion with the recruiter, they made it sound like my job would just be to attended events and mixers provided by the company as the main avenue for getting clients. This would be in the San Jose Bay Area. Does anyone have any experience they would be willing to share with me. There were many other perks offered but I am just looking for the cons of the job. TYIA
9
I mean, I think that the cons will be typical cons of sales. Difficulty with the current sales market, long hours.. You might want to talk to other sales reps at New York Life about what their actual commissions look like. Would you be happy enough if you only made the base pay? I think it's a rough sales market right now so just be prepared that commissions might be few and far between.
2
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Where is this from?
I was recently offered a position at New York Life with a base of around $63k and commission of 55% AP per sale. From my initial discussion with the recruiter, they made it sound like my job would just be to attended events and mixers provided by the company as the main avenue for getting clients. This would be in the San Jose Bay Area. Does anyone have any experience they would be willing to share with me. There were many other perks offered but I am just looking for the cons of the job. TYIA
2
What position were you offered? You left zero details & were extremely vague.
1
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Where is this from?
Can anyone tell me the base salary for a new financial advisor with either Northwestern Mutual or New York Life in Florida? Is there an actual base, or are these roles strictly commission? Thanks in advance!!
2
Where is this from?
Usually $0 or they start you at like $30k and then drop it to $0 after one year maybe two. 1 out of 10 people survive at those companies.
New York Life Reviews FAQs
New York Life has an overall rating of 3.7 out of 5, based on over 5,245 reviews left anonymously by employees. 63% of employees would recommend working at New York Life to a friend and 64% have a positive outlook for the business. This rating has decreased by -1% over the last 12 months.
63% of New York Life employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated New York Life 3.8 out of 5 for work life balance, 3.8 for culture and values and 3.7 for career opportunities.
Financial Advisor 1
The NYL rep that I met recently had to get his 6 and 63 licenses on his own with no support or training, so it sounds like just mutual funds.