Agent in NJ General Office, Wall NJ - Financial Advisor New York Life Employee Review

2.0
27 Jul 2017
Recommend
CEO approval
Business outlook

Pros

Flexible Schedule, an entrepreneurial aspect to the job, beneficial training and development from development managers, opportunity to gain financial licensing.

Cons

They'll tell you there is a base salary called your "training allowance" of $30k. What they fail to mention is that there is a trial period in which you have to sell a certain amount to qualify for this allowance, and that once you qualify or "trigger" your training allowance varies depending on how much you sell and whether or not you hit your quotas. The average person that stays there for a year will make a good chunk of money in commission and training allowance, but if you fail to sell quickly early on you will lose money by driving to work every day which will mean you are likely to quit after a few months. For this reason the company tells agents to sell to their natural market aka family and friends, which I felt was unprofessional.

Explore other reviews about New York Life

5.0
3 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Great brand with high levels of training and support. Good work-life balance and supportive managers who don't micromanage. Benefits include good pay, decent PTO, tuition reimbursement, bonuses. Agents enjoy full autonomy over their schedule, the ability to work with clients they choose, and untapped commission potential. Training is strong, with clear advancement paths toward financial advisor and management roles.

Cons

Commission-only structure. Agents must generate their own leads with no real structure to daily activities.

5.0
9 Oct 2015
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Right out of college, I had an opportunity with the New York Life. Being young I felt that I was at a disadvantage but I worked hard, I was relentless, and ambitious. My first full year, I was able to make a six-figure income. It wasn't easy but is medical school easy? Is law school easy? The training and development at New York Life was unmatched. I knew nothing about the Insurance and Financial Services industry until I was given an opportunity at New York Life and the training was exceptional and has led me to the success I have today.

Cons

You have to work hard, be relentless, entrepreneurial, invest a lot of time and effort into the business and above all, expect a higher standard of living and strive towards that goal every single day.

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New York Life Response
9y
Thanks for taking the time to share your feedback – we appreciate it. As you say, a successful career as an agent requires dedication and commitment. For many, including you, the professional rewards are worth it. But we do understand that starting out in this career is not always easy. That’s why we offer new agents continuous training and support, to give them the advantages they need to succeed.
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