AXA Advisors

  www.axa-equitable.com
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AXA Advisors Reviews

Updated Jul 29, 2014

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All Employees Current Employees Only

2.9 273 reviews

75% Approve of the CEO

AXA Advisors Chairman and CEO Henri de Castries

Henri de Castries

(73 ratings)

40% of employees recommend this company to a friend

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)

  • Flexible hours most of the time (in 13 reviews)


Cons
  • No base salary offered in Manasquan (in 8 reviews)

  • Sell to family and friends" marketing mentality (in 6 reviews)

More Highlights
273 Employee Reviews
Relevance Date Rating
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    2 people found this helpful  

    Employment requires more luck than hardwork

    Financial Consultant (Former Employee) Stamford, CT (US)

    Pros*Free to set schedule (most of time, if traditional, or non-RBG group)
    *Easy to join even with no finance background; may help you get experience other firms need before they'll consider you.
    *Online training and frequent branch training (though sometimes too frequent).
    *Cumulative quotas means, if you are lucky, one big case can set you ahead for years. (Though falling behind can also make the next "validation" period much harder.).

    Cons*High turnover rate - majority stay less than a year; better (or luckier) offices keep maybe 25% of new hires past 4 years, though a lot retain less than 5%.
    *Rigid quotas (Contrary to popular opinion, they CAN make AN exception once if you miss the deadline however it's VERY rare. Even if you do, you must make up the missing production on top of your next quota or else.)
    *Sure, can set own schedule, but new "advisors" should expect to spend 80% or more of their time as a telemarketer/mailbox stuffer if you want to stay expect 80+ hrs/wk unless you have a lot of rich friends/family or if you pay for an assistant.
    *Cannot retain clients upon leaving. Your accounts will eventually be given out in orphan call lists for other new hires to telemarket. (Note: Plenty of firms do not put a non-compete in their contract.)
    *Even if you close more life sales than your peers, a string of bad luck could cause every one of your cases to be rejected by underwriting.

    Advice to Senior ManagementBranch and district managers: Thanks for the training and all your support the past three years.
    Divisional/national VPs: While quotas are necessary to maintain the bottom line, consider giving un-validated DSF/ESF an option to stay if they pay for their office space/expenses. Thus, those destined to fail no longer suck company resources and those who simply had really back luck with underwriting don't become a competitor with intimate knowledge of AXA's market.

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    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Grinding sales role

    Financial Advisor (Current Employee) New York, NY (US)

    ProsPeople are great and the managers are all incredibly smart and talented.

    Conslong hours, 8 to 8 everyday, cold calling is what you'll spend 80% of your time doing.

    No, I would not recommend this company to a friend

    • Culture & Values
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    • No Opinion of CEO

    1 person found this helpful  

    Good Learning Experience

    Financial Professional (Current Employee) Houston, TX (US)

    ProsFlexible Schedule, Make your own hours, great coworkers

    People I worked with were very friendly and helpful when asked a question.

    ConsVery sales driven, which is not what I expected. Lots of pressure to hit minimum 'numbers'.

    Typically long hours, and not much emphasis on work/life balance.
    Lots of fees associated with running your 'business'.

    Advice to Senior ManagementBe more upfront about job expectations and during interview process including fees and expenses, amount of time spent in field, income expectations.

    No, I would not recommend this company to a friend

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
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    • Approves of CEO

     

    comfortable but boring

    Anonymous Employee (Former Employee)

    Prosclean environment, nice mentor leadership

    Consoffice culture, personal growth, training

    Yes, I would recommend this company to a friend

    • Culture & Values
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    • Senior Management
    • Comp & Benefits
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    • No Opinion of CEO

     

    You get what you put into it, work hard= success

    Anonymous Employee (Current Employee) Cleveland, OH (US)

    ProsGreat earning opportunity, you are the only person that can prevent your success.

    ConsHave to be willing to work hard to make it.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    • Approves of CEO

     

    Excellent experience interning with AXA

    Financial Representative Intern (Former Employee) Bala Cynwyd, PA (US)

    ProsVery flexible hours. Kind and great working environment with opportunity to succeed. Friendly bosses who want to see you succeed. Knowledge service staff to answer any question that may arise.

    ConsLower starting salary for advisors. Unpaid internship originally. Training could use some work and the balance between work and home life is hard.

    Advice to Senior ManagementOffer more compensation

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
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    • Senior Management
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    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    You are not a financial advisor, you are an insurance sales person

    Financial Advisor (Former Employee) San Diego, CA (US)

    ProsThe office address is nice.

    ConsManagement will hire anyone. Your group benefits are tied to how much AXA insurance you sell (which does not put the client first). They are annuity and life insurance sales people that don't do what is best for clients. You are expected to market to schools which do not want you on or around campus before, during, or after school. There is no marketing budget for new people.

    Advice to Senior ManagementSet more rigorous standards for your hiring process.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    Financial Professional

    Financial Advisor/Professional/Consultant (Former Employee) Buffalo, NY (US)

    ProsYou 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.)

    ConsAll 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 Senior Management-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

    No, I would not recommend this company to a friend

    • Culture & Values
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    • Senior Management
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    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Position was not as good what was sold

    Financial Consultant (Former Employee) Akron, OH (US)

    ProsFlexible hours most of the time

    Constraining not so good, more product focused verse how to reach out and build practice.

    Advice to Senior Managementtry training your new reps. for success

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    2 people found this helpful  

    Working as a Financial Advisor was a great way to get licenses, and a LOT of headaches.

    Financial Advisor (Current Employee) Los Angeles, CA (US)

    ProsFairly easy sales quotas, reimbursement for licensing (and thats it) . Lots of turnover means they hire almost anybody.

    ConsTerrible managers in the entire WLA office. New hires are brought in to sell to their families and friends and then dumped.

    No, I would not recommend this company to a friend

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