AXA Advisors Reviews

Updated 21 October 2014
Updated 21 October 2014
296 Reviews
3.2
296 Reviews
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AXA Advisors Chairman and CEO Henri de Castries
Henri de Castries
80 Ratings

Review Highlights

Pros
  • You can make a lot of money if you are truly dedicated and passionate about the job (or about the money) (in 8 reviews)

  • Salary, plus commissions flexible schedule and the opportunity to meet different people everyday (in 13 reviews)


Cons
  • No base salary, heavy sales focus, no formal training (in 8 reviews)

  • And its commission based salaries for the most part so good luck building up that book of business to gain a decent earnings (in 6 reviews)

More Highlights

56 Employee Reviews Back to all reviews

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  1.  

    Not what they advertise it to be

    Former Employee - Financial Advisor in Denver, CO (US)
    Former Employee - Financial Advisor in Denver, CO (US)

    I worked at AXA Advisors full-time (more than an year)

    Pros

    You have the potential to run your own business if you have the network to do it.

    Cons

    They like to promote the company and working there by talking about their intense training program and their large retention rate. The training program is almost non-existent and all but 1 of the people I started with have since moved on.

  2.  

    Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Intern in Greenville, SC (US)
    Current Employee - Intern in Greenville, SC (US)

    I have been working at AXA Advisors as an intern (less than an year)

    Pros

    -Flexible schedule
    -Diverse culture/backgrounds
    -Friendly office environment

    Cons

    -Unpaid position
    -Cold calling to recruit other advisors
    -Little Interaction with employees aside from other interns
    -No training

    Advice to ManagementAdvice

    Get your interns involved

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3.  

    Not a good place to build your career.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at AXA Advisors as an intern

    Pros

    Good for people who want to get a sense of working in financial services firm. Young advisors are willing to help you develop your career interests.

    Cons

    Poor training system and very high turnover rate.

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  5. 1 person found this helpful  

    If you don't want to sell insurance, you're going to have a bad time!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Consultant
    Current Employee - Financial Consultant

    I have been working at AXA Advisors full-time (more than an year)

    Pros

    DISCLAIMER: this review constitutes only my OPINION

    *Great place to start your career, and they're willing to hire almost anyone (even without your licenses)
    *Will help you get your licenses if you don't have them
    *Great position title if you want to switch jobs later on
    *Flexible work schedule. You work when you want to, but with that said, expect to work long hours if you want to succeed.
    *If you're self motivated, you will do not badly.
    *If you're self motivated, charismatic, and good looking, that is when you will make money.
    *Great coworkers (not including the managers-- see cons section)-- everyone understands the stress and frustrations of working with fickle clients. They will stand by you and help you as much as they can.
    *If you have a good manager, you will probably have a better time. That said, your chances of getting a good manager are pretty slim
    *You do make good money if you're good at what you do.
    *pretty good training: they teach you a lot if you have the time to sit in on all of the meetings
    *good benefits- commissions pay out at pretty high rates
    *our life insurance products are not bad in my opinion
    *Senior Executive Vice President was an amazing leader; I only wish the district managers were the same.

    Cons

    DISCLAIMER: this review constitutes only my OPINION
    ALSO: this is not a vindictive reaction to being fired; I have successfully hit quota thus far and expect to continue to do so in the future.
    NOW, WHERE TO BEGIN?

    *high turnover-- in my time there, I have seen too many people come and go. Because they hire everyone, most people are not actually fit for the job. Chances are you are not fit in the long term either (~90% industry attrition rate)
    *middle management is largely HORRENDOUS; they're driven by greed, which is understandable since this is a sales job at the end of the day, but they don't help you much
    *they bait you with success stories that have you chasing the dream that you are THE one to make it big, but one day the sobering reality will hit that you are probably not the one that will make the big bucks
    *they, in my opinion, bait and switch you (which ironically is an unethical action in the industry)
    Example 1- I was told I would be working in wealth management (which is not completely untrue), but if you want to hit quota, you usually begin by selling insurance (was not told this)
    Example 2- promise of two options when joining the company: option 1 included a salary, option 2 included no salary but larger commissions. When you finish your probation period, option 1 sometimes magically disappears.
    *our annuity products, in my opinion, are not the most competitive in the industry
    Elaboration- products look good on paper, but- in practice- are so-so. Most successful advisors don't sell AXA products (so I've heard)
    *forced to sell before you completely understand the product
    Example 1- sold my family members multiple products that were probably not the best options for them (partner may or may not be motivated by greed/quota pressures e.g. managers)

    The list could go on and on.

    Advice to ManagementAdvice

    DISCLAIMER: this review constitutes only my OPINION

    My Senior Executive Vice President was an excellent fellow. If only he saw what the managers were like. They're greedy, pushy, and don't care to help. If you're wondering why AXA Advisors has so many bad reviews, look at your middle management. Something is obviously wrong.

    Recommends
    Neutral Outlook
    No opinion of CEO
  6. 1 person found this helpful  

    If it sounds too good to be true, it's probably not true...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Advisor in Seattle, WA (US)
    Former Employee - Financial Advisor in Seattle, WA (US)

    I worked at AXA Advisors full-time (more than an year)

    Pros

    You can definitely make a lot of money, if you choose to focus on the life insurance side of the business (which they heavily encourage/promote). It really does feel like running your own business, complete autonomy.

    Cons

    One of the most challenging career choices one can take on, very high fail rate. You will burn through you savings/ go into debt just to get started since its commission based. Predominated focuses on risk management/insurances.

    Advice to ManagementAdvice

    Don't hire recent college grads since most don't have savings to give them fair chance to get started in the business.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  7. 2 people found this helpful  

    Not Quite a pyramid scheme, but. . .

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Consultant
    Former Employee - Financial Consultant

    I worked at AXA Advisors full-time (more than 5 years)

    Pros

    Good resources to get started. You control your own schedule. They hire people with no previous experience. I met some great people there (who have all left).

    Cons

    There is a very high liklihood that you're going to get a ton of accounts and end up turning them over to your manager when you leave. They really push proprietary products. If you don't sell AXA products you're not going to have benefits. When you compare AXA compensation to what you get as an independent advisor you'll be shocked by how much AXA DOESN't pay their advisors.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8. 2 people found this helpful  

    Sales not an Advisor

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Advisor
    Former Employee - Financial Advisor

    I worked at AXA Advisors full-time (more than an year)

    Pros

    Easy way to get your Series 7/66 & LAH Licenses. Can provide some beneficial financial services industry experience. If you know a lot of people with large retirement accounts you can make large sums of money very quickly.

    Cons

    You will be forced to sell to your friends, family and then just about anyone who will still talk to you or answer your phone calls. Little to no help will be given to you once they see you as having tapped your "natural market" and you will be discarded. Compensation is purely commission based making almost everything you sell an inherent conflict of interest.

    Advice to ManagementAdvice

    Provide some support for your advisors. Marketing, financial, training or anything would be helpful.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 1 person found this helpful  

    Lacking professionalism

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in New York, NY (US)
    Current Employee - Anonymous Employee in New York, NY (US)

    I have been working at AXA Advisors as an intern (less than an year)

    Pros

    The ability to build a network. Learn about front-office work. Flexible hours. Great location in Midtown.

    Cons

    Office culture: lacking professionalism. Testosterone-filled. Loud, inappropriate banter. Inappropriate dress-code. Unpaid. Indifferent managers who want to maximize profit earning potential. Leaves intern with mundane business development work where the intern does not gain any knowledge.

    Advice to ManagementAdvice

    Treat employees and interns better. Don't hire incompetent employees who spend more time gossiping than working.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10. 1 person found this helpful  

    Misleading

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor in Los Angeles, CA (US)
    Current Employee - Financial Advisor in Los Angeles, CA (US)

    I have been working at AXA Advisors full-time (less than an year)

    Pros

    It is an old company that offers opportunities for an entrepreneurial spirit.

    Cons

    Good luck managing your book of business, because your on your own and its not easy getting a simple policy through.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    Financial Professional

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Advisor/Professional/Consultant in Buffalo, NY (US)
    Former Employee - Financial Advisor/Professional/Consultant in Buffalo, NY (US)

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

    Pros

    You can make a lot of money if you are truly dedicated and passionate about the job (or about the money). There are some cool people that work here as well and I've made some really awesome friends.
    -Certain managers are very good and you can learn a lot about sales from them.
    -Company trips if you qualify (and want to spend your vacations with people you see everyday.)

    Cons

    All commission, you WILL cold call unless you have some connection somewhere dealing with municipalities for example becasue you have an in there. They may try to tell you in the interview that you don't have to but really almost everyone who starts thats what you are doing.
    -The company does not give you much to work with. They don't give you leads, you have to find them yourself for the most part. They don't give you a computer, or any perks such as free food etc.
    -Long hours are expected even though they tell you your are the CEO of your business...makes zero sense. Especially since you're on 100% commission.

    Advice to ManagementAdvice

    -Hire people you know will succeed, not just any person because even if they fail you can make a couple bucks off of them.
    -Be truthful about the job. Don't have kids going to study for the series 7 for two months and come in there first day and quit because they were misled

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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