New York Life
New York Life Interview Questions & Reviews
Getting an Interview
- Popular Job Titles:
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Insurance Sales Agent Interview (Positive Experience; Average Interview)
I applied through a staffing agency and the process took 3 days - interviewed at New York Life in March 2014.
Interview Details I went on two interviews with NY Life. I believe they found my resume on Career builder, as they were 1 of about 15 insurance companies to contact me. I liked the people that I met with, thought they were all very nice and personable.
They make it very clear that there is potential to make a lot of money if you work with them.
I definitely felt I was being "sold", rather than being interviewed. I did my homework on the company, but I didn't feel that they did their homework on me.
I was told in my first interview that I had been flagged for a management position. I found out later that the management opportunity wouldn't come for several years.
The position is 100% commission. They will try and skirt any questions about compensation until the 3rd interview.
If this sort of position is your bag. Then go for it. Not for me though.
Interview Question – I was not really asked any traditional interview questions. Answer Question
Retirement Solutions Interview (Positive Experience; Easy Interview)
I applied online and the process took 1+ week - interviewed at New York Life in April 2014.
Interview Details There were three individuals that sat in on the interview process. I was asked to walk through my resume and then a series of behavioral based questions. Have you ever experienced? How would you handle? Describe a time when...those type of questions.
Intern Interview (Positive Experience; Easy Interview)
I applied through college or university and the process took 2 weeks - interviewed at New York Life.
Interview Details Applied through a campus recruiting tool. A recruiter followed up with an email and a personality test. Then there was a one on one interview with the Partner. Very quick and easy process.
Interview Question – Tell me about yourself? Answer Question
Agent Interview (Positive Experience; Easy Interview)
I applied through another source and the process took 2 weeks - interviewed at New York Life in April 2014.
Interview Details The interview process is lengthy, but not difficult. First stage was a company presentation with questions regarding education, experience, and insurance or financial background. A little bit of family information questions were asked, but nothing prying or of a deeply personal nature. Second stage is the compensation overview. It took an hour and a half and it is quite detailed and fairly complex. I have not attended the third interview yet, which will be on the marketing plan and should take an additional hour. I expect an offer to follow.
Interview Question – The hardest question, but age old in interviews, that was asked was "tell me about yourself." View Answer
Financial Services Professional Interview (Neutral Experience; Easy Interview)
I applied online and the process took 4 weeks - interviewed at New York Life in October 2013.
Interview Details They posted a position on a job site. Got called the same day and was in for a screening interview with an HR screener. Was invited back with the partner and then asked to attend a compensation presentation outlining their the pay structure. This meeting was also a sales pitch for the company: history, stability, ratings, etc. But it also was designed to show in detail the seeming ease of making over 6 figures in a year with the company. Was invited again to be given an offer.
Company was very buttoned-up in suits and business attire as would be expected in a financial company. Managers/partners were in their own offices. Things seemed a bit hushed. Not much laughing or even much talking.
Interview Question – Tell me about something you failed at and how did you respond? (Standard job interview question.) Answer Question
Financial Services Professional Interview (Positive Experience; Easy Interview)
I applied online and the process took 4 days - interviewed at New York Life in April 2014.
Interview Details I was contacted 2-3 days after I sent in my application and scheduled an interview two days later. It was a somewhat formal initial interview getting to know me and my goals/motivation on my career. Most of the questions were about my personality, goals, achievements, and ambitions. They also presented a lot of information about the background of the company which you SHOULD research.
Interview Question – Where do you want to be in 5 years? Where do you want to be in 10 years?
It's a simple question but they were trying to see what my ambitions and intents were. View Answer
Very Easy Interview
Financial Services Professional Interview (Neutral Experience; Very Easy Interview)
I applied through college or university and the process took 5 weeks - interviewed at New York Life.
Interview Details Applied through college job board, was contacted through email and then they invited me in for an in person interview. I then completed a personality assessment along with some basic arithmetic/logic questions in their office. The interview was only with one guy, and it was pretty informal. I feel like they are looking for people that have social skills and can communicate/sell their product. They don't really care about your past experience, since you're basically responsible for your entire income and they don't have to put much equity into you. Their current employees come from all walks of life, and it seems to be a younger bunch than some of the other companies I interviewed at. However, they are nicer than other similar companies because they will give you a stipend while you are studying for the series 6, whereas most insurance/financial sales companies do not. I don't know why they want their employees to take the 6 and not the 7, since the 7 covers more territory. I was offered the job on the spot. Office attire is on the formal side, so make sure if you're wearing a suit and tie, polished shoes etc.The entire process was spread over several weeks because I was still in school and had difficult scheduling.
Interview Question – nothing really stands out. Answer Question
Reason for Declining – I didn't want my first job out of college to be commission based. I wanted something more financially secure even if it is potentially less lucrative in the short term
Insurance Sales Agent Interview (Positive Experience; Average Interview)
I applied through college or university and the process took 4 weeks - interviewed at New York Life in March 2014.
Interview Details The interview process was very different. It started with a personality test that you must pass in order to get a second interview. Next, questions needed to be answered on a computer, and you typed them out rather then speaking face to face. Then after you answered the questions you would talk about your answers in person.
Interview Question – When did you make a bad decision? How did you handle it? Answer Question
Insurance Agent Interview (Neutral Experience)
I applied in-person and interviewed at New York Life.
Interview Details I met with a NY Life company representative at a career fair, where the representative asked me to complete a personality quiz/skills assessment on a laptop computer he had at the fair. So after siting in the corner and completing the assessment on the laptop, the results were emailed to the rep and I passed. The assessment was mostly geared toward evaluating your level of persistence/sales aggressiveness and what your pre-conceived ideas were concerning insurance agents in general. After chatting and going over my resume with the representative at the career fair, we set a time to meet for a formal interview.
The formal interview took 3 hours. I was not told this would be the case so I had to miss an appointment I'd scheduled for later that day. 90% of the interview was the same NY Life representative talking at me about their company and then "using me as an example" to go through their sales pitch. This amounted to asking personal questions about my marital status ("What members of your family would you need to help out by leaving life insurance money? ...I assume you don't have a spouse or a long-term partner?"), my age ("So at what age do you plan to retire? ...And how many years do you have until then?"), and my current financial situation (how much money I had in my checking, savings, and any assets/liabilities I had). These questions were incredibly invasive and I can honestly say I was so taken aback by the questions that I ended up answering most of them out of shock. I even told him that I'd never had an interview where an employer asked me about my bank account and he just shrugged it of: "Well we're just having fun here, and you are interviewing with a financial agency after all..."
I really can't recommend NY Life. In the end, they seem to care less about the agents they're hiring and more about the company's reputation. I was even told that "When you're starting out, if you clearly don't have much experience, you can't win people over because of who you are or your dedication to the job, you win them over because of the company you work for."
Interview Question – I wasn't expecting to be asked about my financial status and then told what my net worth was according to the interviewing agent. Answer Question
Financial Services Professional Interview (Neutral Experience)
I applied online and the process took 2 weeks - interviewed at New York Life.
Interview Details Very professional staff and office. I was contacted within a week of responding to a post and had an interview within 1-2 weeks. The process was very thorough and informative.
Interview Question – Questions about my personal career goals. Answer Question
Interviews for Top Jobs at New York Life
See What New York Life Employees Are Saying
Pros: “New York Life, is a sound Life Insurance company with the highest ratings and upmost integrity. I didn't have to pay for anything except study material (i was told I would be reimbursed…” “New York Life, is a sound Life Insurance company with the highest ratings and upmost integrity. I didn't have to pay for anything except study material (i was told I would be reimbursed once ive passed the test which i never received). One of the best things that I can say about working here was the development managers, these guys are top notch and are very helpful, knowledgeable as well. They have been in my shoes so they know everything that goes on. Their new organization and team meetings are extremely helpful.” – Full Review